German American Bank awarded a BauerFinancial 5-Star rating

Rhea-AI Summary

German American Bank has received a prestigious 5-Star rating from BauerFinancial for the 30th consecutive time, affirming its strong performance in capital adequacy, profitability, and loan quality. Neil Dauby, President and CEO, expressed pride in this recognition, highlighting it as a validation of the bank's consistent efforts to support local communities. German American Bancorp, trading under the symbol GABC, operates 77 banking offices across southern Indiana and Kentucky and also has investment and insurance subsidiaries.

Positive

• Achieved 5-Star rating from BauerFinancial for 30th time, indicating strong capital adequacy, profitability, and loan quality.
• Recognition enhances credibility and market perception of the bank's financial health.

Negative

• None.

JASPER, Ind., March 29, 2023 (GLOBE NEWSWIRE) -- BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, recently awarded German American Bank its top (5-Star) rating. The Company has earned this ranking for the 30^th consecutive time.

Bauer rates every federally-insured U.S. chartered bank with the same strict standards, and reports that German American Bank continues to excel in areas of capital adequacy, profitability, loan quality and more.

“It’s an honor to be recognized by BauerFinancial with this 5-Star ranking,” said Neil Dauby, President and CEO. “We believe German American Bank is well-positioned to continue to be a source of strength for our communities. Ranking from an independent firm, such as BauerFinancial, helps us validate our performance. On behalf of the entire German American Bank team, we are proud to receive this recognition.”

About German American

German American Bancorp, Inc. is a Nasdaq-traded (symbol: GABC) financial holding company based in Jasper, Indiana. German American, through its banking subsidiary German American Bank, operates 77 banking offices in 20 southern Indiana counties and 14 counties in Kentucky. The Company also owns an investment brokerage subsidiary (German American Investment Services, Inc.) and a full line property and casualty insurance agency (German American Insurance, Inc.).

For additional information, contact:
D. Neil Dauby, President and Chief Executive Officer
Bradley M Rust,  Sr. EVP, Chief Operating Officer and Chief Financial Officer
(812) 482-1314

FAQ

What is the significance of German American Bank's 5-Star rating from BauerFinancial?

It signifies strong performance in capital adequacy, profitability, and loan quality, enhancing the bank's credibility.

How many times has German American Bank received BauerFinancial's 5-Star rating?

German American Bank has achieved this rating for the 30th consecutive time.

What does the stock symbol GABC represent?

The stock symbol GABC represents German American Bancorp, Inc., a financial holding company.

Where does German American Bank operate?

German American Bank operates 77 banking offices in southern Indiana and Kentucky.

Who commented on the 5-Star rating recognition?

Neil Dauby, President and CEO, commented on the recognition, expressing pride in the achievement.