German American Bancorp (GABC) AI Stock Analysis

• Market Cap: $1.53B
• Dividend Yield: 2.74%
• Average Volume (3M): 193.07K
• Price to Earnings (P/E): 16.4
• Beta (1Y): 0.69
• Revenue Growth: 16.91%
• EPS Growth: -12.55%
• Country: US
• Employees: 1,020
• Sector: Financial
• Sector Strength: 78
• Industry: Banks - Regional
• EPS (TTM): 0.30
• Shares Outstanding: 37,480,694
• 10 Day Avg. Volume: 146,034
• 30 Day Avg. Volume: 193,073
• PEG Ratio: 1.03
• Price to Book (P/B): 1.60
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 16.47
• Enterprise Value/Market Cap: 0.79
• Enterprise Value/Revenue: 1.13
• Enterprise Value/Gross Profit: 10.04
• Enterprise Value/Ebitda: 3.58
• 1Y Price Target: $45.60
• Price Target Upside: 11.57% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 79 Outperform
• Price Target: $46.00 ▲(12.55%Upside)

German American Bancorp shows strong financial performance, underpinned by consistent revenue growth and robust cash flows. Technical indicators are moderately bullish, although some caution is warranted due to overbought signals. Valuation is fair, offering a reasonable yield and price-to-earnings ratio. Recent corporate events further support growth and investor relations, contributing positively to the overall score.

German American Bancorp Business Overview & Revenue Model

Company Description

German American Bancorp, Inc. (GABC) is a financial holding company headquartered in Jasper, Indiana. It operates primarily through its subsidiary, German American Bank, delivering a comprehensive range of banking and related financial services to individuals, families, and businesses. The company is engaged in the sectors of commercial banking, retail banking, mortgage banking, and wealth management services. With a strong presence in Southern Indiana and neighboring states, German American Bancorp is committed to providing exceptional customer service and financial solutions tailored to meet the needs of its communities.

How the Company Makes Money

German American Bancorp generates revenue through a variety of financial services. The primary revenue streams include interest income from loans offered to individuals and businesses, including commercial, residential, and consumer loans. Additionally, the company earns income from its investment securities portfolio. Non-interest income is another significant revenue source, generated through fees for services such as wealth management, deposit account services, and insurance products. The bank also benefits from partnerships with financial service providers to enhance its offerings and drive additional revenue. Overall, the company's diversified approach in both interest and non-interest income streams underpins its financial stability and growth.

German American Bancorp Financial Statement Overview

Summary

German American Bancorp shows strong revenue growth and a solid balance sheet with zero debt and increasing equity. However, the company faces significant challenges with its decreasing EBIT margin and cash flow metrics, indicating potential operational and liquidity issues.

Income Statement

The company has demonstrated consistent revenue growth over time, with a notable increase from $250.7M in 2023 to $291M in 2024. However, the net profit margin decreased slightly from 34.3% in 2023 to 28.8% in 2024, indicating pressure on profitability. The EBIT margin dropped significantly from 43.6% in 2023 to 1.9% in 2024, suggesting operational challenges.

Balance Sheet

The balance sheet is strong with no total debt by 2024, indicating a low leverage profile. Equity has grown from $663.6M in 2023 to $715.1M in 2024, reflecting solid shareholder equity growth. The equity ratio improved to 11.4% in 2024, from 10.8% in 2023, indicating a stable financial structure.

Cash Flow

There is a significant decrease in operating cash flow from $107.2M in 2023 to $2.0M in 2024, affecting the cash flow position. Free cash flow also decreased, suggesting challenges in maintaining cash reserves. The drop in cash flow metrics indicates potential liquidity issues.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	315.38M	250.69M	259.72M	229.84M	209.72M
Gross Profit	212.15M	248.14M	236.28M	226.79M	193.49M
EBITDA	113.38M	113.06M	109.29M	111.56M	84.47M
Net Income	83.81M	85.89M	81.83M	84.14M	62.21M
Balance Sheet
Total Assets	6.30B	6.15B	6.16B	5.61B	4.98B
Cash, Cash Equivalents and Short-Term Investments	1.59B	115.33M	119.58M	397.63M	346.99M
Total Debt	153.27M	127.97M	228.81M	152.18M	194.53M
Total Liabilities	5.58B	5.49B	5.60B	4.94B	4.35B
Stockholders Equity	715.07M	663.56M	558.39M	668.46M	624.71M
Cash Flow
Free Cash Flow	90.72M	101.49M	102.18M	96.16M	85.35M
Operating Cash Flow	95.70M	107.23M	110.04M	100.84M	92.42M
Investing Cash Flow	-82.40M	27.25M	-24.18M	-640.30M	-346.08M
Financing Cash Flow	60.10M	-136.54M	-363.67M	590.60M	495.52M

German American Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 40.87
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GABC, the sentiment is Positive. The current price of 40.87 is above the 20-day moving average (MA) of 39.79, above the 50-day MA of 38.98, and above the 200-day MA of 39.45, indicating a bullish trend. The MACD of 0.64 indicates Negative momentum. The RSI at 60.13 is Neutral, neither overbought nor oversold. The STOCH value of 78.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GABC.

German American Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GABC	79 Outperform	$1.53B	16.44	8.85%	2.74%	16.91%	-12.55%
STBA	77 Outperform	$1.50B	11.28	9.84%	3.48%	1.26%	-1.92%
NBHC	75 Outperform	$1.51B	13.72	8.68%	3.63%	1.63%	-16.82%
CUBI	74 Outperform	$2.03B	16.11	8.14%	―	-5.67%	-44.11%
STEL	73 Outperform	$1.63B	14.62	7.40%	1.73%	-0.58%	-3.02%
SRCE	72 Outperform	$1.56B	11.05	12.84%	2.30%	9.30%	15.19%
Sector *	67 Neutral	$16.88B	11.72	9.78%	4.17%	11.83%	-7.72%

German American Bancorp Corporate Events

German American Bancorp Appoints Andrew Seger to Board

On June 30, 2025, German American Bancorp announced the appointment of Andrew M. Seger to its Board of Directors, effective July 1, 2025. Seger, who is the CFO and Senior VP of Sales at Wabash Valley Produce, brings extensive experience in agriculture, business, finance, and customer relations. His appointment increases the board size to 14 members, and he will serve on the Audit Committee. The company anticipates that Seger’s expertise will significantly contribute to its mission of supporting financial growth for individuals, families, and businesses.

The most recent analyst rating on (GABC) stock is a Buy with a $46.00 price target. To see the full list of analyst forecasts on German American Bancorp stock, see the GABC Stock Forecast page.

German American Bancorp Engages at Raymond James Event

On June 24, 2025, German American Bancorp‘s executives, D. Neil Dauby and Bradley M. Rust, participated in the Raymond James Small-Cap Bank Day, engaging with investors to discuss the company’s strategies and performance. This participation underscores the company’s commitment to enhancing investor relations and maintaining a strong market presence, potentially impacting its operational strategies and stakeholder engagement positively.

The most recent analyst rating on (GABC) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on German American Bancorp stock, see the GABC Stock Forecast page.