German American Bancorp, Inc.
- Open
- 48.94
- Day high
- 49.94
- Day low
- 48.64
- Prev close
- 48.86
- Volume
- 122K
- Mkt cap
- $1.9B
- P/E (TTM)
- 13.1
- EPS (TTM)
- $3.79
- P/B
- 1.5
- P/S
- 3.7
- Yield
- 2.46%
- Per share
- $1.22
- ▲Insiders net buying $161K over the last 3 months (13 open-market buys, 0 sales)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions accumulating (13F)
German American Bancorp, Inc. (GABC) is a Financial Services company listed on NASDAQ. The stock is up 21% over the past year. Over the trailing 3 months, insiders filed 13 open-market buys and 0 sales (SEC Form 4).
German American Bancorp, Inc. (GABC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
GABC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 27, 2026 | $0.92 | $1.02 | +10.5% | $101M | +2.1% |
| Apr 27, 2026 | $0.90 | $0.88 | -2.2% | $97M | +1.7% |
| Jan 26, 2026 | $0.90 | $0.96 | +6.7% | $96M | -0.1% |
| Jan 27, 2025 | $0.71 | $0.78 | +9.9% | $65M | +1.8% |
| Jan 29, 2024 | $0.67 | $0.73 | +9.0% | $61M | -2.9% |
| Jan 30, 2023 | $0.84 | $0.83 | -1.2% | $66M | -2.4% |
| Oct 31, 2022 | $0.81 | $0.83 | +2.5% | $66M | -1.2% |
| Jul 25, 2022 | $0.71 | $0.81 | +14.1% | $65M | +2.3% |
| Jan 31, 2022 | $0.73 | $0.73 | +0.0% | $56M | +2.4% |
| Jan 25, 2021 | $0.58 | $0.79 | +36.2% | $57M | +9.4% |
| Jul 27, 2020 | $0.36 | $0.54 | +50.0% | $51M | +50.0% |
| May 7, 2020 | $0.45 | $0.47 | +4.4% | $50M | +4.4% |
GABC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 18, 2026 | KELLY JASON Mdirector | Buy | 49 | $51.12 |
| Aug 18, 2026 | Seger Andrew Mdirector | Buy | 391 | $51.12 |
| Aug 18, 2026 | Ryan Christina Mdirector | Buy | 391 | $51.12 |
| Aug 18, 2026 | Bawel Zachary Wdirector | Buy | 391 | $51.12 |
| Jul 17, 2026 | Bawel Zachary Wdirector | Buy | 418 | $47.84 |
| Jul 17, 2026 | KELLY JASON Mdirector | Buy | 418 | $47.84 |
| Jul 17, 2026 | Stokes Ronnie Rdirector | Buy | 314 | $47.84 |
| Jul 17, 2026 | Ryan Christina Mdirector | Buy | 418 | $47.84 |
| Jul 17, 2026 | Seger Andrew Mdirector | Buy | 418 | $47.84 |
| Jul 1, 2026 | Root M. Darrendirector | Grant | 1,168 | — |
| Jul 1, 2026 | Wagler Tyson Jdirector | Grant | 1,168 | — |
| Jul 1, 2026 | Fine Marc Ddirector | Grant | 1,168 | — |
| Jul 1, 2026 | Seger Andrew Mdirector | Grant | 1,168 | — |
| Jul 1, 2026 | Ellspermann Susan Jdirector | Grant | 1,168 | — |
| Jul 1, 2026 | Stokes Ronnie Rdirector | Grant | 1,168 | — |
Source: GABC SEC Form 4 filings, latest Aug 18, 2026. For informational purposes only — not investment advice.
See the full GABC insider & 13F page →German American Bancorp, Inc. company profile
Overview
German American Bancorp, Inc. (NASDAQ:GABC) is a regional bank holding company founded in 1910 and headquartered in Jasper, Indiana. The company operates German American Bank, which serves customers across 19 contiguous counties in southern Indiana and 14 counties in Kentucky through 77 banking offices. As a century-old institution, German American Bancorp has evolved from a local community bank into a diversified financial services provider, expanding beyond traditional banking to include wealth management and insurance operations while maintaining its focus on serving the needs of individuals and businesses in its geographic footprint.
Business
German American Bancorp operates in the regional banking industry, providing financial services through three distinct business segments. Regional banking refers to banks that serve specific geographic areas rather than operating nationally, typically focusing on local communities and small-to-medium sized businesses within their market territory. The company's Core Banking segment represents the traditional banking business and generates the majority of revenue. This segment accepts deposits from individuals and businesses - essentially taking in money that customers want to store safely while paying them interest. The bank then uses these deposits to make loans to other customers, earning money from the difference between what it pays depositors and what it charges borrowers (called the net interest margin). Core Banking offers various loan products including consumer loans for personal use, commercial and agricultural loans for businesses and farms, commercial real estate loans for business properties, and residential mortgages for home purchases. The Wealth Management Services segment caters to affluent individuals and families who need professional help managing their financial assets. This division provides trust services (managing assets on behalf of clients), investment advisory services (providing guidance on investment decisions), brokerage services (facilitating stock and bond transactions), and retirement planning services. Wealth management typically serves higher-net-worth clients and generates fee-based revenue. The Insurance Operations segment offers property and casualty insurance products, which protect individuals and businesses against losses from events like accidents, natural disasters, or liability claims. This includes both personal insurance (auto, home, life) and corporate insurance (business property, workers' compensation, general liability). Insurance operations generate revenue through commissions and fees from insurance carriers. While specific revenue breakdowns aren't provided in the available data, Core Banking typically represents approximately 70-80% of total revenue for regional banks of this size, with wealth management and insurance contributing the remainder.
Revenue model
German American Bancorp generates revenue through multiple complementary business models across its three operating segments. The Core Banking segment operates on a traditional banking model, earning money primarily through net interest income - the difference between interest earned on loans and interest paid on deposits. When the bank makes a $100,000 business loan at 7% interest while paying depositors 2% on their savings accounts, it earns the 5% spread. The bank also generates fee income from services like account maintenance, overdraft fees, and loan origination fees. The Wealth Management segment operates on a fee-based model, charging clients for asset management services, financial planning, and investment transactions. These fees are typically calculated as a percentage of assets under management (usually 0.5-2% annually) or as transaction-based commissions. This creates a recurring revenue stream that grows as client assets increase in value. The Insurance Operations segment earns money through commissions paid by insurance carriers when policies are sold or renewed, plus fees for insurance services. This creates both upfront revenue from new policy sales and recurring revenue from policy renewals. Several factors can significantly impact the company's profitability margins. Interest rate environments are crucial - when rates rise, the bank can charge more for loans, but must also pay more for deposits, with the net effect depending on the timing and magnitude of rate changes. Credit quality directly affects margins, as loan losses reduce profitability. Competition from larger banks and fintech companies can pressure both lending margins and fee income. Regulatory compliance costs represent a significant fixed expense that can pressure margins, particularly for smaller regional banks. Economic conditions in the bank's Indiana and Kentucky markets affect loan demand and credit quality, while deposit competition can increase funding costs during periods of rate volatility.
Competitive moat
German American Bancorp possesses a moderate regional moat built primarily on local market relationships and geographic concentration, though this moat faces increasing pressure from technological disruption and larger competitors. The company's primary competitive advantage stems from its deep community roots and local market knowledge accumulated over more than a century of operation in southern Indiana and Kentucky. This local presence enables relationship-based banking where personal connections and community understanding create customer loyalty that's difficult for larger, impersonal institutions to replicate. The bank's diversified revenue streams through wealth management and insurance operations provide some protection against pure banking margin compression, as these fee-based businesses are less sensitive to interest rate fluctuations. Additionally, the company's scale within its geographic footprint gives it operational efficiencies and market presence that smaller community banks cannot match. However, this moat is not particularly strong in today's financial services landscape. Digital banking and fintech disruption increasingly allows customers to access banking services from anywhere, reducing the value of local branch networks. Larger regional and national banks can offer more competitive rates and sophisticated digital platforms while still maintaining local lending relationships. Non-bank lenders are capturing market share in both consumer and commercial lending through faster approval processes and competitive pricing. The company's geographic concentration, while providing local market advantages, also creates vulnerability to regional economic downturns and limits growth opportunities. The wealth management and insurance segments face competition from specialized firms with greater scale and resources. Overall, while German American Bancorp maintains competitive advantages within its market, these advantages are gradually eroding due to technological change and increased competition, making this a defensive rather than dominant market position.
Risks & safety
German American Bancorp demonstrates solid financial stability with adequate liquidity and conservative leverage, though typical banking sector risks apply. **Cash and Liquidity Position:** - Cash and short-term investments of $69.7 million as of Q4 2024 - Strong operating cash flow generation of $95.7 million for full year 2024 - Free cash flow of $90.7 million annually, indicating healthy cash generation - No significant cash burn concerns given positive operating cash flows **Debt and Solvency Metrics:** - Debt-to-equity ratio of 0.21, indicating conservative leverage - Total assets of $6.3 billion supported by $715 million in shareholder equity - Return on equity of 11.7% for 2024, demonstrating efficient capital utilization - No immediate solvency concerns based on current capital ratios **Valuation Metrics:** - Price-to-earnings ratio of 14.2x, reasonable for a regional bank - Price-to-book ratio of 1.67x, slightly above book value but not excessive - Trading below Graham number of $39.16 at current price of $40.25 **Other Considerations:** - Regional banking sector faces interest rate sensitivity and credit cycle risks - Concentration in Indiana/Kentucky markets creates geographic risk - Regulatory capital requirements provide buffer but limit flexibility - Asset quality and loan loss provisions require ongoing monitoring
Recent development
Based on the available financial data, German American Bancorp has maintained steady operational performance while navigating the challenging interest rate environment of recent years. The company has demonstrated consistent profitability with net income of $83.8 million in 2024 compared to $85.9 million in 2023, showing resilience despite industry headwinds. Revenue diversification efforts appear to be a key strategic focus, with the company maintaining its three-segment approach of core banking, wealth management, and insurance operations. This diversification helps reduce dependence on pure interest income and provides more stable fee-based revenue streams. The bank has maintained a conservative approach to balance sheet management, with total assets growing modestly from $6.15 billion in 2022 to $6.30 billion in 2024. The company has kept leverage in check with debt-to-equity ratios remaining below 0.25 throughout the period, indicating disciplined capital management. Profitability metrics have remained relatively stable, with return on equity fluctuating between 11.7% and 14.7% over the past three years, demonstrating consistent capital efficiency. The company has maintained positive free cash flow generation throughout the period, with 2024 free cash flow of $90.7 million supporting dividend payments and potential growth investments. Without detailed earnings call transcripts, specific strategic initiatives and management commentary on future direction are not available, but the financial performance suggests a focus on maintaining operational stability while preserving capital strength during a period of industry uncertainty.
GABC company profile · for informational purposes only — not investment advice.
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