Saturday 17 October 2026 Export GABC’s income statement to Excel — free account

German American Bancorp, Inc.

German American Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $487.4 million, up 37.8% from fiscal 2024. In the quarter to June 2026, revenue grew 3.05%, EPS grew 21.4%, free cash flow grew 110.4% and total debt fell 16.3%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for ten; insiders bought in the last twelve months.

49.93 0.40 +0.81%

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Market cap: $1.9B
P/E: 13.2×
Fwd P/E: 11.8×
Dividend yield: 2.44%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.22

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	3	3	1	5	2	1	4	5	4	3	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 3.23%

Capital & Financial Ratios $m

Market Cap 1,860.00

Revenue 503.04

Net Income 142.08

Free Cash Flow 182.75

Net Debt 74.38

Current Ratio 0.86

Debt/Equity 0.14

P/E ratio 13.17

Fwd P/E 11.80

P/S ratio 3.73

P/B ratio 1.55

Past 5Y EPS Growth 5.51%

This Y EPS Growth 28.21%

Next Y EPS Growth 5.10%

Next Y revenue growth (16.84%)

Next 5Y EPS Growth 13.93%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 28.16%

10-year low 10-year high

P/S against its own 10 years 38.19%

10-year low 10-year high

P/B against its own 10 years 43.49%

10-year low 10-year high

Dividends

Payout Ratio 0.32

Annual Dividend Rate 1.22

Annual Dividend Yield 2.44%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.24	0.31 0.31 0.31
2025	1.16	0.29 0.29 0.29 0.29
2024	1.08	0.27 0.27 0.27 0.27
2023	1.00	0.25 0.25 0.25 0.25
2022	0.92	0.23 0.23 0.23 0.23
2021	0.84	0.21 0.21 0.21 0.21
2020	0.76	0.19 0.19 0.19 0.19
2019	0.68	0.17 0.17 0.17 0.17
2018	0.75	0.15 0.15 0.15 0.15 0.15
2017	0.52	0.13 0.13 0.13 0.13
2016	0.48	0.12 0.12 0.12 0.12

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	116	189	119	95
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	4,161	4,390	6,055	6,085

	2023	2024	2025	Q'26
Payables	5,253	5,329	6,990	6,996
ST’ Debt	—	—	—	—
Other	—	—	—	—
	5,295	5,371	7,044	7,059

Compound Annual Growth %

	10y	5y	3y
Sales	16.15%	16.32%	20.57%
Cash Flow	17.68%	11.51%	13.13%
Earnings	14.12%	12.61%	11.24%
Book Value	16.50%	13.22%	27.68%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	123	127	—	—	—
’25	111	123	127	127	487
’24	84	91	88	91	354
’23	75	78	80	83	317
’22	65	67	71	75	278
’21	57	56	59	58	230
’20	58	56	55	60	229

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	37	58	—	—	—
’25	38	27	52	43	159
’24	24	19	25	29	96
’23	31	22	24	30	107
’22	46	4	32	28	110
’21	27	19	29	27	101
’20	24	19	13	36	92

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	36	55	—	—	—
’25	37	26	50	41	154
’24	23	17	23	28	91
’23	30	19	24	33	105
’22	42	3	31	26	102
’21	27	18	28	25	98
’20	23	17	12	38	89

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.88	1.02	—	—	—
’25	0.30	0.84	0.94	0.95	3.06
’24	0.64	0.69	0.71	0.78	2.83
’23	0.71	0.75	0.73	0.73	2.91
’22	0.31	0.81	0.83	0.83	2.78
’21	0.74	0.90	0.81	0.73	3.17
’20	0.47	0.54	0.55	0.79	2.34

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	19.49	28.71	26.20	27.59	23.54	32.21	32.76	24.85	30.26	32.75	Analyst estimates 2026–2028 Powerpack
	High	36.31	39.02	38.20	35.88	36.17	51.11	41.75	40.70	47.08	43.20
People
People	Employees	597	614	738	817	770	894	866	840	1,020	984
	Revenue/emp, $m	0.23	0.23	0.23	0.27	0.30	0.26	0.32	0.38	0.35	0.50
Income, $m
Income, $m	Revenue	135	143	171	222	229	230	278	317	354	487
	Gross margin, %	93.75	92.22	88.80	85.92	91.64	95.85	93.40	79.10	71.60	74.16
	EBT	49	52	56	71	75	103	99	104	104	140
	EBT margin, %	36.29	36.54	32.82	32.09	32.79	44.72	35.67	32.70	29.43	28.74
	Net income	35	41	47	59	62	84	82	86	84	113
	Depreciation	8	8	10	12	15	15	17	15	11	17
Per share, $
Per share, $	Revenue	6.05	6.23	7.31	8.60	8.62	8.66	9.44	10.72	11.93	13.25
	Earnings	1.57	1.77	1.99	2.29	2.34	3.17	2.78	2.91	2.83	3.06
	Cash flow	1.87	2.39	2.67	2.53	3.48	3.80	3.73	3.63	3.23	4.33
	Capex	(0.23)	(0.49)	(0.63)	(0.29)	(0.12)	(0.10)	(0.27)	(0.07)	(0.17)	(0.14)
	Free cash flow	1.64	1.91	2.03	2.23	3.36	3.70	3.47	3.56	3.06	4.19
	Book value	14.75	15.90	19.62	22.22	23.54	25.19	18.95	22.45	24.11	31.59
	Shares, m	22	23	23	26	27	27	29	30	30	37
Valuation, ×
Valuation, ×	P/E	22.34	19.64	14.03	15.55	14.08	12.26	13.26	11.19	14.26	12.93
	P/S	5.76	5.60	3.80	4.14	3.84	4.50	3.91	3.05	3.37	2.96
	P/B	2.36	2.19	1.42	1.60	1.41	1.55	1.95	1.46	1.67	1.24
	EV/Sales	7.19	7.03	5.44	5.24	3.17	3.43	4.22	3.29	3.43	3.09
	EV/FCF	26.54	23.00	19.52	20.20	8.13	8.04	11.47	9.93	13.38	9.77
Cash, $m
Cash, $m	Operating cash flow	42	55	62	65	92	101	110	107	96	159
	Capex	(5)	(11)	(15)	(8)	(3)	(3)	(8)	(2)	(5)	(5)
	Free cash flow	37	44	48	58	89	98	102	105	91	154
Balance, $m
Balance, $m	Working capital	(286)	(271)	(245)	(246)	(709)	(1,369)	(1,401)	(1,134)	(981)	(988)
	Total debt	258	275	376	350	195	152	204	194	210	183
	Net debt	193	205	280	244	(152)	(245)	86	78	21	64
	Shareholders’ equity	330	365	459	574	625	668	558	664	715	1,162
Returns, %
Returns, %	ROA	1.32	1.33	1.32	1.42	1.33	1.59	1.39	1.40	1.35	1.53
	ROIC	5.86	5.73	4.75	5.45	9.93	15.19	9.62	8.73	8.84	7.14
	ROE	12.08	11.71	11.30	11.47	10.38	13.01	13.34	14.06	12.16	12.00

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FCF First Commonwealth Financial Corporation	$2.0B	12.4×	11.1×	+1.44% (above 0%: growing)	+37.50% (above 0%: growing)	−98.48% (below 0%: shrinking)	74.84%	0.00%	Compare
TBBK The Bancorp, Inc.	$2.0B	9.2×	9.1×	−9.61% (below 0%: shrinking)	+14.06% (above 0%: growing)	−31.16% (below 0%: shrinking)	79.72%	0.00%	Compare
CHCO City Holding Company	$2.0B	15.5×	14.0×	+1.16% (above 0%: growing)	+2.62% (above 0%: growing)	+19.16% (above 0%: growing)	80.74%	0.00%	Compare
BLX Bladex Inc.	$1.9B	9.0×	8.9×	+3.74% (above 0%: growing)	+2.31% (above 0%: growing)	−117.11% (below 0%: shrinking)	43.99%	0.00%	Compare
GABC German American Bancorp, Inc.	$1.9B	13.2×	11.8×	+3.05% (above 0%: growing)	+21.43% (above 0%: growing)	+110.42% (above 0%: growing)	78.75%	0.00%
AVAL Grupo Aval Acciones y Valores S.A.	$1.9B	12.2×	—	+74.54% (above 0%: growing)	+30.00% (above 0%: growing)	+884.01% (above 0%: growing)	46.31%	0.00%	Compare
DCOM Dime Community Bancshares, Inc.	$1.7B	14.0×	11.2×	+4.11% (above 0%: growing)	+17.19% (above 0%: growing)	+159.40% (above 0%: growing)	67.80%	0.00%	Compare
HOPE Hope Bancorp, Inc.	$1.7B	13.4×	11.8×	+17.99% (above 0%: growing)	n/m	+727.66% (above 0%: growing)	57.96%	0.00%	Compare
STBA S&T Bancorp, Inc.	$1.7B	12.9×	12.2×	+0.36% (above 0%: growing)	+22.89% (above 0%: growing)	−0.50% (below 0%: shrinking)	73.64%	0.00%	Compare
Median of peers	$1.9B	12.6×	11.2×	+2.59%	+17.19%	+9.33%	70.72%	0.00%

All 323 Banks Regional stocks →

German American Bancorp, Inc. (GABC) key facts

Strength: German American Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $487.4 million, up 37.8% from fiscal 2024.
German American Bancorp, Inc. (GABC) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, GABC traded at $49.93, a market capitalization of $1.9 billion.
German American Bancorp, Inc. pays an annual dividend of $1.22 per share, a yield of 2.44%, with a payout ratio of 32.2%.
Return on equity was 12.0% and debt-to-equity 0.14.
Its Piotroski F-score is 8 out of 9 for fiscal 2025.