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German American Bancorp, Inc.

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
$1.53B
P/E (TTM)
14.9
14.8
Dividend Yield
2.8%
52W High
$44.89
52W Low
$32.75
52W Range
67%
Rank38Top 27.7%
4.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$126.53M+43.04%
4-Quarter Trend

EPS

$0.94+32.39%
4-Quarter Trend

FCF

$50.15M+117.77%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Quarterly Net Income Growth Net Income rose 32% to $35.1M for Q3 2025 ($0.94 EPS), driven by acquisition synergies and higher earning assets.
NII Significantly Increased Post-Acquisition Q3 Net Interest Income surged 56% to $75.7M, benefiting from higher asset levels post-Heartland merger and improved NIM.
Capital Ratios Remain Robust Consolidated CET1 ratio stood at 13.30%, well exceeding regulatory minimums despite significant balance sheet expansion.
Asset Quality Reflects Integration NPL ratio rose to 0.41% due to Heartland integration, though ACL coverage remains strong at 321.24% of non-performing loans.

Risk Factors

Post-Acquisition Credit Quality NPL ratio increased to 0.41% from 0.27% year-over-year, primarily reflecting the credit quality profile of the acquired Heartland portfolio.
Elevated Operating Expenses Non-interest expense increased 38% for nine months, driven by Heartland acquisition-related costs and increased salaries and benefits.
Interest Rate Sensitivity Exposure NPV is sensitive to rate changes; a sudden 2% rate decrease could reduce Net Portfolio Value by 6.43% ($21 b.p. impact).
Capital Ratio Compression Consolidated Total Capital Ratio declined to 15.07% from 17.15% year-over-year due to balance sheet growth from the merger.

Outlook

Finalizing Heartland Integration Management expects final valuations for the Heartland acquisition to be completed by December 31, 2025, focusing on synergy realization.
Monitoring Credit Portfolio Trends The Company continues rigorous evaluation of credit quality, especially acquired loans, utilizing the discounted cash flow model for ACL.
NIM Stability Efforts Future NIM performance depends on asset yields and deposit costs; recent Fed rate cuts may help lower funding costs going forward.
Maintaining Capital Buffer The Company intends to maintain capital levels well in excess of minimum regulatory requirements while supporting balance sheet growth.

Peer Comparison

Revenue (TTM)

Merchants BancorpMBIN
$1.39B
-1.8%
First Merchants CorporationFRME
$1.04B
-2.0%
Hope Bancorp, Inc.HOPE
$945.24M
-8.9%

Gross Margin (Latest Quarter)

National Bank Holdings CorporationNBHC
72.0%
+5.7pp
Stellar Bancorp, Inc.STEL
70.0%
-2.0pp
S&T Bancorp, Inc.STBA
64.4%
-3.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FRME$2.24B9.69.9%6.3%
MBIN$1.66B6.711.2%15.0%
STEL$1.66B16.36.3%0.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
11.7%
Steady Growth
4Q Net Income CAGR
14.8%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 26, 2026
|
EPS:$0.90
|
Revenue:$94.67M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $126.53M+43.0%
    |
    EPS: $0.94+32.4%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $123.17M+136.1%
    |
    EPS: $0.86+24.6%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 12, 2025|
    Revenue: $111.06M+32.1%
    |
    EPS: $0.30-53.1%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 3, 2025|
    Revenue: $315.38M-0.5%
    |
    EPS: $2.83-2.7%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $88.45M+10.0%
    |
    EPS: $0.71-2.7%
    Meet

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $52.18M-33.5%
    |
    EPS: $0.69-8.0%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $84.08M+11.4%
    |
    EPS: $0.64-9.9%
    Meet

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 27, 2024|
    Revenue: $316.92M+14.0%
    |
    EPS: $2.91+4.7%
    Beat