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German American Bancorp, Inc.

GABC Financial Banks Regional

German American Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $487.4 million, up 37.8% from fiscal 2024.

Revenue
+3.05%
EPS
+21.4%
Free cash flow
+110.4%
Total debt
−16.3%

Quarter to June 2026, against a year earlier

50.50 0.26 −0.51%
Market cap
$1.9B
P/E
13.3×
Fwd P/E
12.4×
Dividend yield
2.42%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.23
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 3 3 1 5 2 1 4 5 4 3 3 —
Sell — — — — — — — — — — — —
Insider Ownership 3.18%

Capital & Financial Ratios $m

Size
Market Cap 1,900.00
Revenue ttm 503.04
Net income ttm 142.08
Free cash flow ttm 182.75
Net debt Q 74.38
Valuation
P/E 13.32
Forward P/E 12.40
Price / sales 3.77
Forward P/S Powerpack
Price / FCF 10.38
Price / book 1.57
Financial health
Current ratio Q 0.86
Debt / equity Q 0.14
Interest coverage Q —
Growth
Revenue growth Q +3.05% (above 0%: growing)
Operating income growth Q +22.72% (above 0%: growing)
EPS, this year +29.03% (at or above 15%: strong)
EPS, next year A +5.36%
Revenue, next year A −16.43% (below 0%: weak)
EPS, past 5 yrs +5.51%
EPS, next 5 yrs A +12.87%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 30.25%
10-year low 10-year high
P/S against its own 10 years 39.38%
10-year low 10-year high
P/B against its own 10 years 46.39%
10-year low 10-year high

Dividends raised 7 years running

Yield
2.42%
Annual rate
1.22
Payout ratio
32.2%
Growth, 2018–26
+6.49%/yr
  1. 0.75 ’18
  2. 0.68 ’19 −9
  3. 0.76 ’20 +12
  4. 0.84 ’21 +11
  5. 0.92 ’22 +10
  6. 1.00 ’23 +9
  7. 1.08 ’24 +8
  8. 1.16 ’25 +7
  9. 1.24 ’26 +7
paid change on the year, % Powerpack

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%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.01 Actual 1.03

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.90 0.96 Beat by 0.06
Q1 FY26 0.90 0.88 Miss by 0.02
Q2 FY26 0.92 1.02 Beat by 0.10
Q3 FY26 1.01 1.03 Beat by 0.02
Q4 FY26 1.02 — Reports 25 January 2027

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 135 143 171 222 229 230 278 317 354 487 503 +15.3% 407 429 450 (2.6%)
Gross margin, % 93.75 92.22 88.80 85.92 91.64 95.85 93.40 79.10 71.60 74.16 76.77 (19.6) pt
EBT 49 52 56 71 75 103 99 104 104 140 177 +12.3%
EBT margin, % 36.29 36.54 32.82 32.09 32.79 44.72 35.67 32.70 29.43 28.74 35.26 (7.6) pt
Net income 35 41 47 59 62 84 82 86 84 113 142 +13.8%
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 13.39 +9.1%
Earnings 1.57 1.77 1.99 2.29 2.34 3.17 2.78 2.91 2.83 3.06 3.79 +7.7%
Cash flow 1.87 2.39 2.67 2.53 3.48 3.80 3.73 3.63 3.23 4.33 5.05 +9.8%
Capex (0.23) (0.49) (0.63) (0.29) (0.12) (0.10) (0.27) (0.07) (0.17) (0.14) (0.18) (5.4%)
Free cash flow 1.64 1.91 2.03 2.23 3.36 3.70 3.47 3.56 3.06 4.19 4.86 +11.0%
Book value 14.75 15.90 19.62 22.22 23.54 25.19 18.95 22.45 24.11 31.59 32.25 +8.8%
Shares, m 22 23 23 26 27 27 29 30 30 37 37 +5.7%
Valuation, ×
Valuation, × P/E 22.34 19.64 14.03 15.55 14.08 12.26 13.26 11.19 14.26 12.93 13.32 15.0
P/S 5.76 5.60 3.80 4.14 3.84 4.50 3.91 3.05 3.37 2.96 3.77 4.1
P/B 2.36 2.19 1.42 1.60 1.41 1.55 1.95 1.46 1.67 1.24 1.57 1.7
EV/Sales 7.19 7.03 5.44 5.24 3.17 3.43 4.22 3.29 3.43 3.09 — 4.6
EV/FCF 26.54 23.00 19.52 20.20 8.13 8.04 11.47 9.93 13.38 9.77 — 15.0
Cash, $m
Cash, $m Operating cash flow 42 55 62 65 92 101 110 107 96 159 190 +16.0%
Capex (5) (11) (15) (8) (3) (3) (8) (2) (5) (5) (7) 0.0%
Free cash flow 37 44 48 58 89 98 102 105 91 154 183 +17.3%
Balance, $m
Balance, $m Working capital (286) (271) (245) (246) (709) (1,369) (1,401) (1,134) (981) (988) (974) +14.8%
Net debt 193 205 280 244 (152) (245) 86 78 21 64 74 (11.6%)
Shareholders’ equity 330 365 459 574 625 668 558 664 715 1,162 1,212 +15.0%
Returns, %
Returns, % ROA 1.32 1.33 1.32 1.42 1.33 1.59 1.39 1.40 1.35 1.53 1.70 +0.2 pt
ROIC 5.86 5.73 4.75 5.45 9.93 15.19 9.62 8.73 8.84 7.14 8.62 +1.3 pt
ROE 12.08 11.71 11.30 11.47 10.38 13.01 13.34 14.06 12.16 12.00 12.46 (0.1) pt
People
People Employees 597 614 738 817 770 894 866 840 1,020 984 — +5.7%
Revenue/emp, $m 0.23 0.23 0.23 0.27 0.30 0.26 0.32 0.38 0.35 0.50 — +9.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

German American Bancorp, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BLX Bladex Inc. $2.3B 8.1× 7.6× +12.12% (above 0%: growing) +13.49% (above 0%: growing) −117.11% (below 0%: shrinking) 42.29% 0.00% Compare
CHCO City Holding Company $2.0B 15.5× 15.2× +1.16% (above 0%: growing) +1.24% (above 0%: growing) −0.06% (below 0%: shrinking) 80.74% 0.00% Compare
TBBK The Bancorp, Inc. $2.0B 8.4× 7.8× −18.88% (below 0%: shrinking) +28.59% (above 0%: growing) −31.16% (below 0%: shrinking) 100.00% 0.00% Compare
GABC German American Bancorp, Inc. $1.9B 13.3× 12.4× +3.05% (above 0%: growing) +21.43% (above 0%: growing) +110.42% (above 0%: growing) 78.75% 0.00%
HAPN Happen Inc. $1.9B 8.9× 8.2× +2.52% (above 0%: growing) +31.59% (above 0%: growing) +10.37% (above 0%: growing) 73.43% 0.00% Compare
DCOM Dime Community Bancshares, Inc. $1.9B 13.8× 12.4× +5.20% (above 0%: growing) +52.54% (above 0%: growing) +106.33% (above 0%: growing) 68.53% 0.00% Compare
OCFC OceanFirst Financial Corp. $1.8B 21.6× 16.6× +32.21% (above 0%: growing) n/m +27.08% (above 0%: growing) 59.64% 0.00% Compare
FSUN FirstSun Capital Bancorp $1.8B 19.8× 19.8× +88.18% (above 0%: growing) n/m +8,383.96% (above 0%: growing) 67.96% 0.00% Compare
STBA S&T Bancorp, Inc. $1.8B 12.8× 12.3× +0.71% (above 0%: growing) +19.78% (above 0%: growing) −0.50% (below 0%: shrinking) 73.62% 0.00% Compare
Median of peers $1.9B 13.3× 12.4× +3.86% +24.19% +5.16% 70.98% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 18 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 2.07m 1.92m 135.90
2024 1.66m 1.87m 135.44
2023 1.42m 1.34m 105.92
2022 1.37m 1.20m 117.97
2021 1.63m 1.52m 120.33

Ownership

Directors and executive officers, together 3.20%
BlackRock, Inc. 6.40%
The Vanguard Group 6.10%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

German American Bancorp, Inc. (GABC) Latest News

27 Oct

Impact 3 · · Simply Wall St.

26 Oct

Impact 4 · · Business Wire
Impact 3 · · Zacks
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Impact 3 · · Associated Press

23 Oct

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19 Oct

Impact 3 · · Zacks

10 Oct

Impact 3 · · Simply Wall St.

9 Oct

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7 Oct

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21 Sep

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2 Sep

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28 Jul

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27 Jul

Impact 4 ·
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20 Jul

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2 Jul

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22 Jun

Impact 3 · · StockStory

9 May

Impact 4 · · Simply Wall St.

27 Apr

Impact 3 · · Zacks
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Impact 3 · · Business Wire

20 Apr

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10 Apr

Impact 4 · · Business Wire

13 Feb

Impact 3 · · Simply Wall St.

12 Feb

Impact 3 · · Simply Wall St.

11 Feb

Impact 4 · · Zacks24/7 Wall St.Motley FoolBarchartMotley Fool24/7 Wall St.Motley FoolGOBankingRates
Impact 3 · · Simply Wall St.

10 Feb

Impact 4 · · Business Wire
stockrow.com/GABC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com