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. 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%
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

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% (at or above 15%: strong)
Next Y EPS Growth 5.10%
Next Y revenue growth (16.84%) (below 0%: weak)
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.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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
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.

Source: company filings (standardised) and stockrow calculations.

German American Bancorp, Inc. (GABC) Latest News

29 Dec

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