German American Bancorp (GABC)
NASDAQ:GABC
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German American Bancorp
(NASDAQ:GABC)
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Select Model
Rating:66Neutral
Price Target:
$46.00
â–²(3.53% Upside)
Action:DowngradedDate:02/27/26
The score is held back mainly by the sharp deterioration in TTM operating/free cash flow despite solid revenue/profitability and a conservative balance sheet. Offsetting factors include a reasonable valuation with a solid dividend yield and positive corporate updates (record earnings and dividend hike), while technicals are generally neutral with mild longer-term support above key moving averages.
Positive Factors
Conservative balance sheet
A conservative capital and leverage profile provides resilience to credit cycles and funding shocks. Low debt relative to equity preserves regulatory buffers, maintains lending flexibility, and supports measured growth or opportunistic acquisitions without materially increasing financial risk.
Negative Factors
Weak cash conversion
The sharp decline in operating cash flow and a negative free cash flow position mark a meaningful deterioration in cash conversion. If persistent, this reduces financial flexibility for lending, buybacks, or dividends and raises reliance on noncash accounting or external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A conservative capital and leverage profile provides resilience to credit cycles and funding shocks. Low debt relative to equity preserves regulatory buffers, maintains lending flexibility, and supports measured growth or opportunistic acquisitions without materially increasing financial risk.
Read all positive factors
German American Bancorp (GABC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.67B
Dividend Yield2.89%
Average Volume (3M)116.13K
Price to Earnings (P/E)12.8
Beta (1Y)0.71
Revenue Growth30.45%
EPS Growth3.13%
CountryUS
Employees1,020
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.95
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/Revenue3.65
Enterprise Value/Gross Profit5.21
Enterprise Value/Ebitda10.66
Forecast
1Y Price Target
$47.33Price Target Upside6.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)3.76
Revenue Forecast (FY)$395.10M
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 generates revenue primarily through interest income from loans, such as commercial loans, residential mortgages, and consumer loans. Additionally, the company earns non-interest income from various sources, including servic...
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
44.43
Price Trends
41.88
Positive
40.77
Positive
39.94
Positive
Market Momentum
0.50
Negative
70.01
Negative
93.29
Negative
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 44.43 is above the 20-day moving average (MA) of 41.21, above the 50-day MA of 41.88, and above the 200-day MA of 39.94, indicating a bullish trend. The MACD of 0.50 indicates Negative momentum. The RSI at 70.01 is Negative, neither overbought nor oversold. The STOCH value of 93.29 is Negative, 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.63B | 11.32 | 9.25% | 3.38% | -1.48% | -1.58% | |
73 Outperform | $1.92B | 15.57 | 6.38% | 1.82% | -4.40% | -8.80% | |
72 Outperform | $1.81B | 9.26 | 13.00% | 2.37% | 5.09% | 15.78% | |
70 Outperform | $1.64B | 12.64 | 9.20% | 2.83% | 0.93% | 5.65% | |
68 Neutral | $1.89B | 22.62 | 8.05% | 3.07% | -2.46% | -1.98% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $1.67B | 12.80 | 10.75% | 2.89% | 30.45% | 3.13% |
* Financial Sector Average
GABC
German American Bancorp
44.43
11.11
33.33%
SRCE
1St Source
74.41
22.04
42.10%
STBA
S&T Bancorp
44.55
12.56
39.26%
TCBK
Trico Bancshares
50.99
16.19
46.52%
NBHC
National Bank Holdings
42.02
9.17
27.90%
STEL
Stellar Bancorp
37.72
13.19
53.77%
German American Bancorp Corporate Events
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...
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
German American Bancorp Reports Record Earnings, Hikes Dividend
Positive
Jan 26, 2026
On January 26, 2026, German American Bancorp reported record fourth-quarter 2025 earnings of $35.7 million, or $0.95 per share, and strong full-year 2025 net income of $112.6 million, or $3.06 per share, with even higher results on an adjusted bas...
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.