German American Bancorp IncGerman American Bancorp beat revenue and other estimates, driving stock up 10.9%.
German American Bancorp reported fourth-quarter revenues of $97.57 million, a 47.1% increase year on year and 3.2% above analyst expectations, as part of a mixed earnings season for the 96 regional banks tracked by StockStory. The company also exceeded estimates for tangible book value per share and net interest income, and its stock has risen 10.9% since the report to $44.99. Among peers, UMB Financial posted the largest beat with revenues of $744.8 million, up 29.3% and 5.4% ahead of consensus, while BankUnited was the weakest, missing revenue estimates by 5.1% with $273.8 million. Butterfield Bank and Banner Bank also topped expectations, with revenues of $155.9 million and $172.3 million respectively. Overall, the group's revenues were in line with consensus, and share prices have held steady with an average gain of 2.1% since the latest results.
German American Bancorp IncGerman American Bancorp beat revenue and other estimates, driving stock up 10.9%.
BankUnited IncBankUnited missed revenue estimates by 5.1%, indicating weaker demand for its services.
UMB Financial CorporationUMB Financial posted the largest revenue beat, up 29.3% and 5.4% ahead of consensus.
Banner Corporation
Bank of N.T. Butterfield & Son Ltd