JASPER, Ind. (AP) _ German American Bancorp Inc. (GABC) on Monday reported third-quarter profit of $14.6 million.
The bank, based in Jasper, Indiana, said it had earnings of 55 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The financial services holding company posted revenue of $55.4 million in the period. Its revenue net of interest expense was $51.7 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $51.4 million.
German American Bancorp shares have fallen 12% since the beginning of the year. In the final minutes of trading on Monday, shares hit $31.24, a drop of slightly more than 3% in the last 12 months.
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This story was generated by (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a at https://www.zacks.com/ap/GABC
