German American Bancorp (GABC) AI Stock Analysis

• Market Cap: $1.47B
• Dividend Yield: 2.91%
• Average Volume (3M): 116.13K
• Price to Earnings (P/E): 13.7
• Beta (1Y): 0.77
• Revenue Growth: 30.45%
• EPS Growth: 3.13%
• Country: US
• Employees: 1,020
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.94
• Shares Outstanding: 37,492,924
• 10 Day Avg. Volume: 104,961
• 30 Day Avg. Volume: 116,126
• PEG Ratio: -5.18
• Price to Book (P/B): 1.67
• Price to Sales (P/S): 3.78
• P/FCF Ratio: 13.15
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 3.86
• Enterprise Value/Gross Profit: 24.01
• Enterprise Value/Ebitda: 9.71
• 1Y Price Target: $44.00
• Price Target Upside: 11.65% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: $43.00 ▲(9.11% Upside)

The overall stock score of 71 reflects strong financial performance with robust revenue growth and a stable balance sheet. However, technical indicators suggest neutral momentum, and valuation metrics indicate the stock is fairly priced. The absence of earnings call data and corporate events limits additional insights.

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 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. As of December 31, 2021, the company operated 77 banking offices in 19 contiguous southern Indiana counties; and 14 counties in Kentucky. German American Bancorp, Inc. was founded in 1910 and is based in Jasper, Indiana.

How the Company Makes Money

German American Bancorp generates revenue primarily through the interest income earned on loans and investment securities. The bank offers various types of loans, including residential mortgages, commercial loans, and consumer loans, which yield interest payments from borrowers. Additionally, the bank earns non-interest income from a variety of sources, such as fees from account services, ATM transactions, and wealth management services. Key revenue streams include interest from loans and investments, service charges on deposit accounts, and fees for financial advisory services. The bank's focus on community banking and personalized service helps to build long-term customer relationships, further enhancing its revenue potential. Furthermore, strategic partnerships with local businesses and organizations contribute to its growth and earnings by expanding its customer base and service offerings.

German American Bancorp Financial Statement Overview

Summary

German American Bancorp demonstrates strong revenue growth and a stable balance sheet with low leverage. However, there are signs of pressure on profitability margins and some inefficiencies in cash conversion. The company is well-positioned in terms of financial stability, but should focus on enhancing profitability and cash flow efficiency to sustain growth.

Income Statement

German American Bancorp shows strong revenue growth with a 20.74% increase in TTM, indicating robust business expansion. The gross profit margin remains healthy at 68.00%, although slightly lower than previous years. Net profit margin has decreased to 20.84% from 26.57% in 2024, suggesting some pressure on profitability. EBIT and EBITDA margins have also declined, reflecting increased operational costs or competitive pressures.

Balance Sheet

The company's balance sheet is solid, with a low debt-to-equity ratio of 0.19, indicating prudent financial leverage. Return on equity is at 9.64%, which is a decrease from previous years, suggesting a need for improved profitability. The equity ratio stands at 12.92%, reflecting a stable capital structure.

Cash Flow

Cash flow analysis shows a positive free cash flow growth rate of 8.71% in TTM, indicating improved cash generation. The operating cash flow to net income ratio is low at 0.02, suggesting potential inefficiencies in converting income into cash. However, the free cash flow to net income ratio is strong at 96.49%, highlighting effective cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	401.42M	315.38M	316.92M	278.06M	229.84M	228.84M
Gross Profit	64.52M	212.15M	248.14M	253.37M	226.79M	193.49M
EBITDA	159.63M	113.38M	113.06M	109.29M	111.56M	84.47M
Net Income	100.16M	83.81M	85.89M	81.83M	84.14M	62.21M
Balance Sheet
Total Assets	8.40B	6.30B	6.15B	6.16B	5.61B	4.98B
Cash, Cash Equivalents and Short-Term Investments	256.15M	1.12B	1.68B	1.84B	1.94B	1.28B
Total Debt	0.00	210.13M	193.94M	203.81M	152.18M	194.53M
Total Liabilities	7.28B	5.58B	5.49B	5.60B	4.94B	4.35B
Stockholders Equity	8.40B	715.07M	663.56M	558.39M	668.46M	624.71M
Cash Flow
Free Cash Flow	144.68M	90.72M	101.49M	102.18M	96.16M	85.35M
Operating Cash Flow	145.34M	95.70M	107.23M	110.04M	100.84M	92.42M
Investing Cash Flow	-35.84M	-82.40M	27.25M	-24.18M	-640.30M	-346.08M
Financing Cash Flow	-49.41M	60.10M	-136.54M	-363.67M	590.60M	495.52M

German American Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 39.41
• 50DMA: Negative
• 100DMA: Negative
• 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 39.41 is above the 20-day moving average (MA) of 38.85, below the 50-day MA of 39.75, and above the 200-day MA of 38.75, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 51.78 is Neutral, neither overbought nor oversold. The STOCH value of 51.04 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
STBA	79 Outperform	$1.43B	10.74	9.35%	3.71%	-1.47%	―
GABC	71 Outperform	$1.47B	13.68	10.75%	2.91%	30.45%	3.13%
SRCE	71 Outperform	$1.49B	10.00	12.65%	2.51%	5.09%	15.78%
NBHC	71 Outperform	$1.36B	11.35	9.06%	3.19%	-2.46%	-1.98%
STEL	71 Outperform	$1.51B	14.81	6.38%	1.88%	-4.40%	-8.80%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TCBK	67 Neutral	$1.45B	12.52	9.20%	3.02%	0.93%	5.65%

German American Bancorp Corporate Events

German American Bancorp Achieves Record Q3 Earnings

German American Bancorp, Inc. is a financial holding company based in Jasper, Indiana, operating primarily in the banking sector with a strong presence in Indiana, Kentucky, and Ohio. The company offers a range of financial services through its subsidiary, German American Bank.

German American Bancorp Reports Record Q3 2025 Earnings

German American Bancorp, Inc. reported record earnings for the third quarter of 2025, with net income reaching $35.1 million, marking a 12% increase from the previous quarter and a 32% increase from the same period in 2024. The company’s strong performance was driven by net interest margin expansion, solid deposit and loan growth, and the successful integration of Heartland Bank, which contributed significantly to the increase in total assets and loans.

The most recent analyst rating on (GABC) stock is a Hold with a $42.00 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 Conference

On September 3, 2025, German American Bancorp‘s CEO D. Neil Dauby and CFO Bradley M. Rust participated in the Raymond James U.S. Bank Conference, engaging with investors to discuss the company’s strategic positioning and financial performance. The company has a history of superior financial performance, consistently ranking among the top publicly traded banks and achieving double-digit returns on equity for 20 consecutive fiscal years, which highlights its strong industry positioning and potential positive implications for stakeholders.

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.

German American Bancorp Reports Strong Q2 Earnings

German American Bancorp, Inc., a financial holding company based in Jasper, Indiana, operates through its banking subsidiary, German American Bank, providing a range of financial services across Indiana, Kentucky, and Ohio. The company recently reported strong second-quarter earnings for 2025, showcasing a significant increase in net income and earnings per share, driven by strategic growth and operational efficiencies following its acquisition of Heartland BancCorp. Key financial highlights include a 180% increase in earnings per share compared to the first quarter of 2025, robust organic loan growth, and a stable, diversified loan portfolio. Additionally, the company achieved a reduction in non-interest expenses and maintained a strong capital position, reflecting improved operational efficiencies post-acquisition. Looking ahead, German American Bancorp remains optimistic about its growth prospects, supported by a stable economic environment and continued integration of Heartland’s operations, positioning the company for sustained profitability and shareholder value.