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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, and releases can be found in the Related Links area of each article.
January 28
German American Bancorp in Jasper, Ind., said Wednesday that net income climbed 10% in 2010.
The $1.4 billion-asset company earned $13.4 million, or $1.21 a share, compared with net income of $12.2 million, or $1.10 a share. The results were driven by an increase in net interest income and noninterest income, including an 8% rise in the balance of average earning assets, and gains from the sale of secondary-market residential real estate loans and other real estate.
In the fourth quarter, net income declined 5%, to $3.1 million.
The loan-loss provision totaled $5.2 million in 2010, a 39% decline. But nonperforming assets increased 18.7%, to $13.3 million, or 1% of total assets, at Dec. 31.
On Jan. 1, German American finalized its acquisition of Bank of Evansville in Indiana.
