Jasper-based German American Bancorp, Inc. (NASDAQ: GABC) is reporting record annual earnings for 2018, marking the 9th consecutive year of record performance. The banking company also reported a 13 percent increase in its quarterly cash dividend.
This level of annual earnings performance resulted in a 12.1% return on shareholders’ equity for 2018, noting the 14th consecutive fiscal year in which the Company has delivered double-digit returns on shareholders’ equity.
During its fourth quarter, the company acquired First Security Bank, which was headquartered in Kentucky, expanding German American’s branch network into a new market. The company also acquired five branches in Indiana during the second quarter of 2018 further growing its business.
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