German American Bancorp Q1 FY26 net income more than doubled to $33.15 million; EPS rises to $0.88

• German American Bancorp first-quarter net income rose to $33.15 million, or $0.88 a share, more than doubling from year-ago levels.
• Net interest income climbed 18% to $78.85 million, while tax-equivalent net interest margin widened 30 basis points to 4.26%.
• Provision for credit losses fell to $2 million from levels that included a $16.2 million CECL “Day 2” adjustment tied to the Heartland deal.
• Non-interest income increased 16% to $17.23 million, while non-interest expense edged down 1% to $52.37 million as prior-year results included $5.93 million of acquisition-related costs.
• Assets held steady at $8.4 billion, deposits were stable at $6.98 billion, and non-performing assets were little changed at $29.56 million, or 0.35% of total assets.

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