German American Bancorp (GABC)
NASDAQ:GABC
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German American Bancorp
(NASDAQ:GABC)
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Rating:69Neutral
Price Target:
$47.00
▲(6.48% Upside)
Action:DowngradedDate:04/29/26
The score is anchored by solid operating performance and conservative leverage, supported by reasonable valuation and a steady dividend. The primary offset is the sharp TTM cash-flow weakening (negative free cash flow), while technicals and recent corporate updates are supportive but not strongly bullish.
Positive Factors
Durable profitability and margins
Quarterly results showing $33.2M net income, a 4.26% net interest margin and 17.08% return on tangible common equity reflect durable core profitability. Strong margins and high ROTCE support ongoing internal capital generation, dividend coverage, and reinvestment capacity over the medium term.
Negative Factors
Weak cash conversion
Operating cash flow plunging to roughly $2.0M and a TTM negative free cash flow mark a meaningful deterioration in cash conversion. If sustained, this constrains liquidity, reduces flexibility for organic investment or buybacks, and increases reliance on external funding during stress periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Durable profitability and margins
Quarterly results showing $33.2M net income, a 4.26% net interest margin and 17.08% return on tangible common equity reflect durable core profitability. Strong margins and high ROTCE support ongoing internal capital generation, dividend coverage, and reinvestment capacity over the medium term.
Read all positive factors
German American Bancorp (GABC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.62B
Dividend Yield2.89%
Average Volume (3M)116.13K
Price to Earnings (P/E)12.8
Beta (1Y)0.74
Revenue Growth37.97%
EPS Growth7.12%
CountryUS
Employees1,020
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.88
Shares Outstanding37,575,554
10 Day Avg. Volume104,961
30 Day Avg. Volume116,126
Financial Highlights & Ratios
PEG Ratio1.57
Price to Book (P/B)1.24
Price to Sales (P/S)2.96
P/FCF Ratio9.36
Enterprise Value/Market Cap1.07
Enterprise Value/Revenue3.55
Enterprise Value/Gross Profit5.05
Enterprise Value/Ebitda10.35
Forecast
1Y Price Target
$49.00Price Target Upside11.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)3.76
Revenue Forecast (FY)$395.54M
German American Bancorp Business Overview & Revenue Model
Company Description
German American Bancorp, Inc. operates as a bank 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 Op...
How the Company Makes Money
German American Bancorp primarily makes money through its banking operations. The largest earnings driver is typically net interest income: the bank collects interest and fees on loans (such as commercial, real estate, and consumer loans) and inve...
German American Bancorp Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 487.40M | 315.38M | 316.92M | 278.06M | 229.84M |
| Gross Profit | 342.02M | 212.15M | 248.14M | 253.37M | 226.79M |
| EBITDA | 140.07M | 113.38M | 113.06M | 109.29M | 111.56M |
| Net Income | 112.64M | 83.81M | 85.89M | 81.83M | 84.14M |
Balance Sheet | |||||
| Total Assets | 8.39B | 6.30B | 6.15B | 6.16B | 5.61B |
| Cash, Cash Equivalents and Short-Term Investments | 1.23B | 1.12B | 1.68B | 1.84B | 1.94B |
| Total Debt | 182.68M | 210.13M | 193.94M | 203.81M | 152.18M |
| Total Liabilities | 7.23B | 5.58B | 5.49B | 5.60B | 4.94B |
| Stockholders Equity | 1.16B | 715.07M | 663.56M | 558.39M | 668.46M |
Cash Flow | |||||
| Free Cash Flow | 154.00M | 90.72M | 101.49M | 102.18M | 96.16M |
| Operating Cash Flow | 159.32M | 95.76M | 107.23M | 110.04M | 100.84M |
| Investing Cash Flow | -60.27M | -82.40M | 27.25M | -24.18M | -640.30M |
| Financing Cash Flow | -169.46M | 60.10M | -136.54M | -363.67M | 590.60M |
German American Bancorp Technical Analysis
Positive
44.14
Price Trends
42.12
Positive
41.15
Positive
40.15
Positive
Market Momentum
0.72
Negative
63.86
Neutral
59.72
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 44.14 is above the 20-day moving average (MA) of 42.62, above the 50-day MA of 42.12, and above the 200-day MA of 40.15, indicating a bullish trend. The MACD of 0.72 indicates Negative momentum. The RSI at 63.86 is Neutral, neither overbought nor oversold. The STOCH value of 59.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GABC.
German American Bancorp Risk Analysis
German American Bancorp disclosed 32 risk factors in its most recent earnings report. German American Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
German American Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $1.60B | 11.13 | 9.35% | 3.38% | 2.41% | ― | |
78 Outperform | $1.89B | 17.98 | 7.35% | 3.07% | 3.18% | -7.24% | |
74 Outperform | $1.75B | 10.51 | 13.00% | 2.37% | 4.51% | 14.48% | |
74 Outperform | $1.90B | ― | 6.30% | 1.82% | -3.22% | -5.50% | |
73 Outperform | $1.60B | 11.36 | 9.87% | 2.83% | 2.52% | 15.48% | |
69 Neutral | $1.62B | 12.80 | 10.25% | 2.89% | 37.97% | 7.12% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
GABC
German American Bancorp
43.04
5.32
14.10%
SRCE
1St Source
72.60
12.62
21.04%
STBA
S&T Bancorp
43.77
7.66
21.20%
TCBK
Trico Bancshares
50.10
11.67
30.35%
NBHC
National Bank Holdings
42.22
6.89
19.49%
STEL
Stellar Bancorp
37.32
11.88
46.68%
German American Bancorp Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
German American Bancorp Shareholders Approve Governance and Share Increase
Positive
Apr 29, 2026
At its April 27, 2026 annual meeting, German American Bancorp shareholders elected four directors, Angela Curry, M. Darren Root, Andrew M. Seger and Tyson J. Wagler, to serve until the 2029 annual meeting, reflecting continued support for the comp...
Business Operations and StrategyDividendsFinancial Disclosures
German American Bancorp Posts Solid Q1 2026 Earnings
Positive
Apr 27, 2026
German American Bancorp on April 27, 2026 reported first-quarter 2026 net income of $33.2 million, or $0.88 per share, with a robust 4.26% net interest margin, a return on average assets of 1.58% and return on average tangible common equity of 17....
Business Operations and StrategyExecutive/Board Changes
German American Bancorp Adopts 2026 Executive Incentive Plan
Neutral
Mar 5, 2026
On March 2, 2026, German American Bancorp, Inc.’s Board of Directors, acting through its non-interested members under Nasdaq rules and upon recommendation of its Compensation/Human Resources Committee, approved the company’s 2026 Manag...
Business Operations and StrategyFinancial Disclosures
German American Bancorp Showcases Growth at Investor Conference
Positive
Feb 10, 2026
German American Bancorp, Inc. said President and CFO Bradley M. Rust and Chief Banking Officer Michael F. Beckwith will meet with investors at the KBW Winter Financial Services Conference on Feb. 12, 2026. The executives plan to present an overvie...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.