German American Bancorp, Inc.

NASDAQ•GABC

CEO: Mr. D. Neil Dauby CPA

Sector: Financial Services

Industry: Banks - Regional

Listing Date: 1993-05-21

German American Bancorp, Inc. operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market. The Wealth Management segment provides trust, investment advisory, brokerage, and retirement planning services. The Insurance Operations segment offers a range of personal and corporate property and casualty insurance products. It also offers checking, saving, and individual retirement accounts; certificates of deposit; wire transfer; credit cards; home equity, mortgages, and small business; treasury management; and online and mobile banking, bill pay, digital wallet, mobile check deposit, credit score and report, money management, and estatements, as well as wealth advisory. German American Bancorp, Inc. was founded in 1910 and is based in Jasper, Indiana.

Contact Information

711 Main Street, Box 810, Jasper, IN, 47546, United States

812-482-1314

www.germanamerican.com

Market Cap

$1.50B

P/E (TTM)

13.3

14.5

Dividend Yield

2.9%

52W High

$45.00

52W Low

$32.75

52W Range

60%

Rank36Top 31.8%

4.5

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 4.5 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$126.65M+39.68%

4-Quarter Trend

EPS

$0.95+21.80%

4-Quarter Trend

FCF

$41.02M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Rises 34% GAAP Net Income reached $112.6M in 2025, up significantly from $83.8M in 2024; EPS was $3.06 per share.

NIM Expands Post-Acquisition Net Interest Margin improved to 4.02% in 2025, up from 3.43% in 2024, driven by higher earning assets and lower deposit costs.

Loan Portfolio Scale Increases Total loans grew 42% year-over-year to $5.88B by year-end 2025, primarily reflecting the successful integration of Heartland BancCorp.

Capital Ratios Remain Strong Consolidated CET1 ratio stood at 13.52% at year-end 2025, significantly exceeding the 6.50% well-capitalized regulatory minimum.

Risk Factors

Non-Performing Assets Spike NPL ratio rose to 0.50% in 2025 from 0.27% in 2024, largely due to $18.6M in non-performing assets acquired from Heartland.

Credit Loss Provision Rises Provision for credit losses jumped to $19.4M in 2025, reflecting a $16.2M "Day 2" CECL adjustment related to the merger.

Intense Market Competition Competes with larger regional and national institutions that possess substantially greater resources and lending limits across key banking areas.

Interest Rate Sensitivity Exposure Earnings remain highly dependent on net interest income, facing risk if deposit funding costs rise faster than loan yields, impacting NIM.

Outlook

Preparing for $10B Asset Threshold Engaged advisory firm in 2025 to review compliance and risk management systems ahead of potential $10B asset threshold crossing by 2027.

Future Expansion Opportunities Expects to evaluate opportunities for expansion via new office openings or acquisitions of other banks, branches, or financial service assets.

Evaluating Tax Law Impacts Currently evaluating the impact of the One Big Beautiful Bill Act (OBBBA) signed in July 2025 on business and financial statements.

Peer Comparison

Revenue (TTM)

MBIN

$1.36B

-5.9%

FRME

$1.05B

-0.3%

LOB

$1.04B

+12.0%

Gross Margin (Latest Quarter)

TCBK

79.7%

+5.9pp

GABC

74.0%

+2.9pp

SRCE

73.6%

+5.8pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
FRME	$2.31B	9.3	9.5%	5.3%
MBIN	$1.91B	8.7	9.9%	19.8%
STEL	$1.80B	17.6	6.3%	0.4%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

4.5%

Moderate Growth

4Q Net Income CAGR

50.3%

Profitability Improved

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Apr 27, 2026

EPS:$0.89

Revenue:$96.05M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data