German American Bancorp. Profit Rises, Ups Dividend - Quick Facts

(RTTNews) - German American Bancorp. (GABC) late Monday said its fourth quarter net income increased to $7.64 million from last year's $6.59 million. Earnings per share advanced to $0.58 from $0.50.

Net interest income improved to $19.03 million from $18.39 million in the prior year.

Total non-interest income was $5.72 million, compared to $6.15 million in the prior year.

The Board of Directors declared a regular quarterly cash dividend of $0.17 per share, payable on February 20 to shareholders of record as of February 10. This is around a 6 percent increase above the company's prior quarterly cash dividend level.

Commenting on the company's long-term trend of financial performance, Mark Schroeder, Chairman & CEO, said, "In 2014, we saw a continued resurgence of the economic strength within our markets throughout Southern Indiana. As has been the case throughout the economic cycle, the relative level of employment within our markets remained among the strongest in the state, as well as compared to national statistics."