German American Bancorp Q1 FY26 net income more than doubled to $33.2 million

• German American Bancorp posted first-quarter net income of $33.2 million, up more than tripled from year-ago levels, while EPS was $0.88.
• Net interest income totaled $78.9 million, rising 18% from the prior-year quarter.
• Net interest margin widened 30 basis points from a year earlier to 4.26%, aided by a lower cost of funds on reduced deposit costs.
• Credit quality remained steady with non-performing assets unchanged at 0.35% of assets, while allowance for credit losses held at 1.34% of loans.
• Management said it sees continued profitability supported by a strong net interest margin, citing a solid lending pipeline despite seasonally softer first-quarter balance sheet growth.

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