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GABC

German American Bancorp, Inc.

GABC

German American Bancorp, Inc. • NASDAQ
$39.70 ▼ -0.60% (-0.24)
Market Cap $1.49 B
52w High $46.23
52w Low $32.75
Dividend Yield 1.16%
P/E 13.74
Volume 43.33K
Outstanding Shares 37.49M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $126.526M ▲ $49.7M ▲ $35.074M ▲ 27.721% ▲ $0.94 ▲ $48.918M ▲
Q2-2025 $123.168M ▲ $49.517M ▼ $31.361M ▲ 25.462% ▲ $0.86 ▲ $43.973M ▲
Q1-2025 $111.056M ▲ $52.782M ▲ $10.517M ▼ 9.47% ▼ $0.3 ▼ $17.078M ▼
Q4-2024 $90.669M ▲ $35.839M ▼ $23.211M ▲ 25.6% ▲ $0.78 ▲ $30.998M ▲
Q3-2024 $88.454M $36.126M $21.048M 23.795% $0.71 $27.94M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.25B ▲ $8.401B ▲ $7.282B ▲ $1.12B ▲
Q2-2025 $1.216B ▲ $8.28B ▼ $7.211B ▼ $1.07B ▲
Q1-2025 $1.186B ▲ $8.42B ▲ $7.374B ▲ $1.046B ▲
Q4-2024 $1.125B ▼ $6.296B ▲ $5.581B ▲ $715.067M ▼
Q3-2024 $1.626B $6.261B $5.516B $744.563M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $35.074M ▲ $51.803M ▲ $-55.223M ▲ $58.92M ▲ $55.5M ▲ $50.145M ▲
Q2-2025 $31.361M ▲ $26.916M ▼ $-100.286M ▼ $-168.773M ▼ $-242.143M ▼ $26.165M ▼
Q1-2025 $10.517M ▼ $37.928M ▲ $210.826M ▲ $4.745M ▼ $253.499M ▲ $36.675M ▲
Q4-2024 $23.211M ▲ $28.693M ▲ $-91.159M ▲ $55.703M ▲ $-6.763M ▲ $28.037M ▲
Q3-2024 $21.048M $24.509M $-145.446M $-12.827M $-133.764M $23.027M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Interchange Fee Income
Interchange Fee Income
 $10.00M ▲$0 ▼$10.00M ▲$10.00M ▲
Service Charge on Deposit Accounts
Service Charge on Deposit Accounts
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Wealth Management Fees
Wealth Management Fees
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Insurance Revenue
Insurance Revenue
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement German American Bancorp’s income statement shows a steady, conservative growth profile. Revenue has trended higher over the past several years, but earnings per share have been a bit up and down, suggesting that profit growth has not fully kept pace with revenue growth. Profitability remains solid for a regional bank, but recent years hint at some pressure on margins, likely from interest rate swings and higher funding costs. Overall, the business looks consistently profitable, but not on a smooth, uninterrupted growth path.

Balance Sheet

Balance Sheet The balance sheet looks like that of a cautious, traditional regional bank that has grown over time. Total assets have expanded meaningfully over the past few years and then leveled off, reflecting both past expansion and a more measured recent stance. Shareholders’ equity has improved and now sits at one of its stronger points in the period, which supports the bank’s ability to absorb shocks. Debt levels are present but not excessive for a bank, and cash on hand is modest as is typical, with the main story being a generally well-capitalized, reasonably balanced franchise.

Cash Flow

Cash Flow Cash generation appears steady and reliable. The bank consistently produces positive operating cash flow, and its need for heavy investment spending is very low, which helps free cash flow stay positive. That pattern suggests the core banking activities are throwing off enough cash to support normal operations, technology and branch investments, and shareholder returns, with some room for growth initiatives. For a regional bank, this is a reassuring, low-drama cash flow profile.

Competitive Edge

Competitive Edge German American Bancorp competes as a community-focused regional bank with deep roots in its local markets across Indiana, Kentucky, and now expanding into Ohio. Its edge comes from long-standing relationships, a reputation for conservative credit practices, and local decision-making that appeals to small businesses, farmers, and households who value personal service. It also offers wealth management and has specialized strength in areas like agricultural and commercial real estate lending. The main competitive challenges are the scale and technology budgets of larger national banks and fintechs, as well as the intense pricing and deposit competition that comes with shifting interest rate environments.

Innovation and R&D

Innovation and R&D The bank is not a high-tech disruptor, but it has steadily modernized its offerings. Its digital banking tools and mobile app are in line with what customers now expect, and the integrated “Wealth Access” platform for wealth management clients is a useful differentiator for a bank of its size. Innovation here is more about gradual improvement—better digital experiences, fraud tools, and integration with its relationship-based model—than about big, risky bets. The planned integration of Heartland BancCorp and the ongoing evolution of digital services are the key areas to watch, as they will show how well the bank can adapt and scale its technology while keeping its community feel.

Summary

Overall, German American Bancorp looks like a steady, conservatively run regional bank with a long operating history and a clear community-banking identity. Financial results show consistent profitability, growing but not explosive, with some recent pressure on margins rather than any obvious structural weakness. The balance sheet and cash flows reflect prudence and discipline, giving the bank room to handle economic bumps. Strategically, its strengths lie in deep local relationships, specialized lending knowledge, and decent—though not leading-edge—digital capabilities. The big swing factor ahead is how well it executes its expansion into Ohio and continues upgrading its technology while maintaining credit quality and its traditional, relationship-based culture in a more competitive and fast-changing banking environment.

NEWS

October 27, 2025 · 4:45 PM UTC

German American Bancorp, Inc. (GABC) Reports Record Earnings for Third Quarter 2025

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