GERMAN AMERICAN BANCORP, INC. GABC

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

German American Bancorp, Inc. is a Nasdaq-listed (symbol: GABC) financial holding company based in Jasper, Indiana. German American, through its banking subsidiary German American Bank, operates 94 banking offices located throughout Indiana (central/southern), Kentucky (northern/central/western), and Ohio (central/southwest). In Columbus, Ohio and Greater Cincinnati, the Company does business as Heartland Bank, a Division of German American Bank. The Company also owns an investment brokerage subsidiary, German American Investment Services, Inc.

Throughout this Report, when we use the term "Company" and "German American", we will usually be referring to the business and affairs (financial and otherwise) of German American Bancorp, Inc. and its consolidated subsidiaries as a whole. Occasionally, we will refer to the term "German American Bancorp", "Bancorp", "parent company" or "holding company" when we mean to refer to only German American Bancorp, Inc. and the term "Bank" when we mean to refer only to the Company's bank subsidiary.

Last close 50.84 2026-10-23
Market cap $1.91B 2026-06-30 share count
52-week range 37.73 - 52.23

Valuation FY2025 figures against the last close

P/S3.9x
P/E16.6x
P/FCF12.4x
EV/EBITDA—
Dividend yield2.3%
Diluted EPS3.06

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $487.4M$353.7M$316.9M$278.1M$170.4M$174.4M$176.5M$133.7M$111.0M$103.4M
Interest expense $294.1M$190.6M$190.4M$200.6M$9.5M$19.1M$31.2M$19.1M$11.1M$8.5M
Pre-tax income $140.1M$104.1M$103.6M$99.2M$102.8M$75.0M$71.2M$56.1M$52.2M$49.1M
Income tax $27.4M$20.3M$17.8M$17.4M$18.6M$12.8M$12.0M$9.5M$11.5M$13.9M
Net income $112.6M$83.8M$85.9M$81.8M$84.1M$62.2M$59.2M$46.5M$40.7M$35.2M
EPS, basic 3.062.832.912.783.172.342.291.991.771.57
EPS, diluted 3.062.832.912.783.172.342.291.991.771.57
Shares, diluted (wtd. avg.) 36.8M29.7M29.6M29.5M26.5M26.5M25.8M23.4M22.9M22.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $118.4M$188.8M$115.3M$117.4M$395.2M$344.1M$103.9M$96.5M$70.4M$48.5M
Property, plant and equipment ——————$96.7M$80.6M$54.2M$48.2M
Goodwill $375.5M$179.0M$180.4M$180.4M$121.8M$122.0M$121.3M$103.7M$54.1M$54.1M
Other intangibles $33.8M$4.0M$6.3M$9.4M$5.8M$9.0M$12.7M$10.0M$2.1M$2.8M
Total assets $8.39B$6.30B$6.15B$6.16B$5.61B$4.98B$4.40B$3.93B$3.14B$2.96B
Short-term debt ————$68.3M$52.9M$167.7M$249.8M$133.5M$137.6M
Long-term debt $100.0M$114.6M$89.5M$64.5M$83.9M$141.6M$181.9M$126.6M$141.7M$120.6M
Total liabilities $7.23B$5.58B$5.49B$5.60B$4.94B$4.35B$3.82B$3.47B$2.78B$2.63B
Retained earnings $582.9M$513.6M$461.6M$405.2M$350.4M$288.4M$253.1M$211.4M$179.0M$149.7M
Total equity $1.16B$715.1M$663.6M$558.4M$668.5M$624.7M$573.8M$458.6M$364.6M$330.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $159.3M$95.8M$107.2M$110.0M$100.8M$92.4M$65.2M$62.3M$54.9M$41.9M
Depreciation and amortisation $9.0M$6.9M$6.6M$6.6M$5.8M$6.0M$5.8M$4.7M$3.9M$3.8M
Stock-based compensation $2.9M$2.9M$2.3M$2.3M$1.7M$1.1M$1.3M$1.4M$1.2M$1.4M
Capital expenditure $5.3M$5.0M$5.7M$7.9M$4.7M$7.1M$9.4M$15.2M$11.2M$5.2M
Investing cash flow -$60.3M-$82.4M$27.3M-$24.2M-$640.3M-$346.1M$30.7M-$38.8M-$189.3M-$71.7M
Financing cash flow -$169.5M$60.1M-$136.5M-$363.7M$590.6M$495.5M-$88.6M$2.7M$139.9M$42.6M
Dividends paid $43.3M$31.8M$29.4M$27.0M$22.2M$20.1M$17.6M$14.1M$11.8M$10.6M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000714395-26-000011.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M Revenue, FY2016: 103.4M Net income, FY2016: 35.2M Revenue, FY2017: 111M Net income, FY2017: 40.7M Revenue, FY2018: 133.7M Net income, FY2018: 46.5M Revenue, FY2019: 176.5M Net income, FY2019: 59.2M Revenue, FY2020: 174.4M Net income, FY2020: 62.2M Revenue, FY2021: 170.4M Net income, FY2021: 84.1M Revenue, FY2022: 278.1M Net income, FY2022: 81.8M Revenue, FY2023: 316.9M Net income, FY2023: 85.9M Revenue, FY2024: 353.7M Net income, FY2024: 83.8M Revenue, FY2025: 487.4M Net income, FY2025: 112.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $103.4M $111.0M $133.7M $176.5M $174.4M $170.4M $278.1M $316.9M $353.7M $487.4M
Gross profit — — — — — — — — — —
Net income $35.2M $40.7M $46.5M $59.2M $62.2M $84.1M $81.8M $85.9M $83.8M $112.6M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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