NASDAQ : GABC
German American Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 48.95 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.84B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 376.44M | 358.60M | 240.24M | 212.52M | 169.16M | 139.15M |
| Interest Income on Investments | 57.63M | 61.49M | 50.80M | 44.14M | 49.77M | 31.23M |
| Total Interest Income | 434.06M | 420.09M | 291.04M | 256.66M | 218.93M | 170.38M |
| Interest Paid on Deposits | 102.80M | 115.09M | 90.62M | 56.92M | 13.51M | 4.96M |
| Interest Paid on Borrowings | 9.01M | 10.87M | 9.83M | 9.31M | 4.83M | 4.59M |
| Total Interest Expense | 111.81M | 125.96M | 100.45M | 66.22M | 18.34M | 9.55M |
| Net Interest Income | 322.26M | 294.13M | 190.59M | 190.43M | 200.58M | 160.83M |
| Trust Income | 16.81M | 16.81M | 14.42M | 11.71M | 10.08M | 10.32M |
| Gain (Loss) on Sale of Assets | 38.32M | 1.40M | ||||
| Gain (Loss) on Sale of Investments | -34.79M | 40.00K | 562.00K | 2.25M | ||
| Other Non-Interest Income | 33.62M | 30.91M | 28.99M | 34.61M | 33.22M | 29.50M |
| Total Non-Interest Income | 71.01M | 67.31M | 62.66M | 60.26M | 59.13M | 59.46M |
| Revenues Before Loan Losses | 393.26M | 361.44M | 253.25M | 250.69M | 259.72M | 220.29M |
| Provision for Loan Losses | 6.22M | 19.43M | 2.77M | 2.55M | 6.35M | -6.50M |
| Revenue | 387.04M | 342.02M | 250.48M | 248.14M | 253.37M | 226.79M |
| Salaries and Employee Benefits | 107.17M | 103.67M | 78.28M | 80.12M | 79.66M | 66.10M |
| Occupancy Expenses | 17.93M | 17.93M | 13.62M | 14.47M | 14.92M | |
| Federal Deposit Insurance | 3.80M | 3.80M | 2.91M | 2.83M | 1.86M | 1.42M |
| Amortization of Goodwill & Intangibles | 10.15M | 10.15M | 2.03M | 2.84M | 3.71M | 2.73M |
| Selling, General & Administrative | 38.92M | 38.92M | 29.62M | 24.67M | 22.34M | 34.12M |
| Other Non-Interest Expense | 27.83M | 27.48M | 19.91M | 19.57M | 19.57M | 19.64M |
| Total Non-Interest Expense | 205.81M | 201.95M | 146.38M | 144.50M | 142.06M | 124.01M |
| EBT Excluding Unusual Items | 181.23M | 140.07M | 104.10M | 103.65M | 111.30M | 102.78M |
| Pretax Income | 182.21M | 140.07M | 104.10M | 103.65M | 99.18M | 102.78M |
| Income Tax Expense | 36.56M | 27.43M | 20.29M | 17.76M | 17.35M | 18.65M |
| Net Income | 145.64M | 112.64M | 83.81M | 85.89M | 81.83M | 84.14M |
| Net Income to Common | 145.64M | 112.64M | 83.81M | 85.89M | 81.83M | 84.14M |
| Basic Shares Outstanding | 37.54M | 36.80M | 29.66M | 29.56M | 29.46M | 26.54M |
| Diluted Shares Outstanding | 37.54M | 36.80M | 29.66M | 29.56M | 29.46M | 26.54M |
| EPS (Basic) | 3.88 | 3.06 | 2.83 | 2.91 | 2.78 | 3.17 |
| EPS (Diluted) | 3.88 | 3.06 | 2.83 | 2.91 | 2.78 | 3.17 |
| Dividend Per Share | 1.24 | 1.18 | 1.10 | 1.02 | 0.94 | 0.86 |
| Effective Tax Rate | 20.07% | 19.59% | 19.49% | 17.13% | 17.50% | 18.14% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 68.53M | 118.38M | 188.79M | 115.33M | 117.38M | 396.89M |
| Investment Securities | 1.60B | 938.71M | 815.96M | 952.64M | 1.05B | 1.10B |
| Trading Asset Securities | 4.14M | 6.44M | 7.46M | 9.90M | 4.52M | |
| Mortgage-Backed Securities | 719.54M | 702.18M | 645.04M | 714.68M | 791.95M | |
| Total Investments | 1.60B | 1.66B | 1.52B | 1.61B | 1.77B | 1.90B |
| Gross Loans | 6.00B | 5.88B | 4.13B | 3.98B | 3.79B | 3.01B |
| Allowance for Loan Losses | -79.29M | -77.69M | -44.44M | -43.77M | -44.17M | -37.02M |
| Other Adjustments to Gross Loans | -9.11M | -9.35M | -8.37M | -6.82M | -3.71M | -3.66M |
| Net Loans | 5.91B | 5.80B | 4.08B | 3.93B | 3.74B | 2.97B |
| Property, Plant & Equipment | 136.94M | 139.00M | 104.05M | 106.78M | 112.24M | 88.86M |
| Goodwill | 375.47M | 179.03M | 180.36M | 180.36M | 121.76M | |
| Other Intangible Assets | 402.07M | 33.79M | 4.02M | 6.31M | 9.43M | 5.84M |
| Loans Held for Sale | 6.11M | 7.82M | 8.24M | 5.23M | 8.60M | 10.59M |
| Accrued Interest Receivable | 39.00M | 31.28M | 30.59M | 27.74M | 20.23M | |
| Other Real Estate Owned & Foreclosed | 68.00K | |||||
| Other Long-Term Assets | 265.91M | 197.77M | 161.04M | 160.46M | 172.03M | 88.84M |
| Total Assets | 8.41B | 8.39B | 6.30B | 6.15B | 6.16B | 5.61B |
| Interest Bearing Deposits | 4.07B | 4.60B | 3.58B | 3.48B | 3.59B | 3.16B |
| Institutional Deposits | 905.72M | 448.70M | 353.96M | 277.57M | 71.08M | 56.20M |
| Non-Interest Bearing Deposits | 1.96B | 1.94B | 1.40B | 1.49B | 1.69B | 1.53B |
| Total Deposits | 6.94B | 6.99B | 5.33B | 5.25B | 5.35B | 4.74B |
| Short-Term Borrowings | 48.06M | 63.34M | 73.44M | 110.91M | 73.09M | |
| Current Portion of Leases | 2.06M | |||||
| Accrued Interest Payable | 44.05M | 30.68M | 7.07M | 1.51M | 613.00K | |
| Long-Term Debt | 268.12M | 39.63M | 39.55M | 39.46M | 39.38M | |
| Federal Home Loan Bank Debt, Long-Term | 100.00M | 75.00M | 50.00M | 25.00M | 25.00M | |
| Long-Term Leases | 5.84M | 6.89M | 7.98M | 9.30M | 9.28M | |
| Trust Preferred Securities | 36.69M | 36.24M | 35.78M | 35.33M | 16.43M | |
| Other Long-Term Liabilities | 52.79M | 21.86M | 26.03M | 31.98M | ||
| Total Liabilities | 7.26B | 7.23B | 5.58B | 5.49B | 5.60B | 4.94B |
| Common Stock | 746.49M | 37.50M | 29.68M | 29.59M | 29.49M | 26.55M |
| Additional Paid-In Capital | 706.82M | 392.27M | 389.41M | 387.17M | 276.06M | |
| Retained Earnings | 658.14M | 582.95M | 513.59M | 461.62M | 405.17M | 350.36M |
| Comprehensive Income & Other | -250.75M | -164.93M | -220.46M | -217.06M | -263.44M | 15.48M |
| Shareholders' Equity | 1.15B | 1.16B | 715.07M | 663.56M | 558.39M | 668.46M |
| Total Liabilities & Equity | 8.41B | 8.39B | 6.30B | 6.15B | 6.16B | 5.61B |
| Total Debt | 268.12M | 192.66M | 221.09M | 206.74M | 220.00M | 163.17M |
| Net Cash (Debt) | -199.59M | -69.63M | -25.36M | -83.45M | -92.22M | 238.98M |
| Net Cash Per Share | -5.32 | -1.89 | -0.86 | -2.82 | -3.13 | 9.01 |
| Filing Date Shares Outstanding | 37.58M | 37.50M | 37.42M | 29.58M | 29.49M | 29.42M |
| Total Common Shares Outstanding | 37.58M | 37.50M | 29.68M | 29.58M | 29.49M | 26.55M |
| Book Value Per Share | 30.71 | 31.00 | 24.09 | 22.43 | 18.93 | 25.17 |
| Tangible Book Value | 751.80M | 753.07M | 532.02M | 476.89M | 368.61M | 540.85M |
| Tangible Book Value Per Share | 20.01 | 20.08 | 17.93 | 16.12 | 12.50 | 20.37 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 112.64M | 83.81M | 85.89M | 81.83M | 84.14M | |
| Depreciation & Amortization | 18.71M | 9.28M | 9.56M | 10.12M | 8.77M | |
| Gain (Loss) on Sale of Assets | -50.00K | -36.53M | -713.00K | -55.00K | 1.54M | |
| Gain (Loss) on Sale of Investments | -1.69M | 36.95M | 5.53M | 5.89M | 4.39M | |
| Provision for Credit Losses | 19.43M | 2.77M | 2.55M | 6.35M | -6.50M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 5.15M | 68.00K | 5.74M | 8.63M | 14.89M | |
| Accrued Interest Receivable | 7.39M | 1.75M | 3.73M | -1.09M | 2.72M | |
| Other Operating Activities | -2.91M | -870.00K | -1.84M | -1.77M | -1.37M | |
| Operating Cash Flow | 159.32M | 95.76M | 107.23M | 110.04M | 100.84M | |
| Capital Expenditures | -5.32M | -5.05M | -5.75M | -7.85M | -4.69M | |
| Sale of Property, Plant and Equipment | 75.00K | 3.63M | 1.96M | |||
| Cash Acquisitions | 22.66M | 207.76M | ||||
| Investment in Securities | 152.35M | 38.27M | 218.04M | -128.79M | -700.92M | |
| Divestitures | 40.00M | 1.69M | ||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -233.79M | -155.96M | -189.13M | -104.25M | 59.56M | |
| Other Investing Activities | 3.73M | 264.00K | 350.00K | 8.86M | 669.00K | |
| Investing Cash Flow | -60.27M | -82.40M | 27.25M | -24.18M | -640.30M | |
| Short-Term Debt Issued | 29.82M | 15.42M | ||||
| Long-Term Debt Issued | 25.00M | 75.00M | 25.00M | |||
| Total Debt Issued | 25.00M | 75.00M | 25.00M | 29.82M | 15.42M | |
| Short-Term Debt Repaid | -16.94M | -9.11M | -35.19M | |||
| Long-Term Debt Repaid | -64.48M | -50.16M | -132.00K | -41.69M | -58.09M | |
| Total Debt Repaid | -81.42M | -59.26M | -35.33M | -41.69M | -58.09M | |
| Net Debt Issued (Repaid) | -56.41M | 15.74M | -10.32M | -11.87M | -42.67M | |
| Common Dividends Paid | -43.28M | -31.84M | -29.43M | -27.02M | -22.22M | |
| Net Increase (Decrease) in Deposit Accounts | -69.76M | 76.20M | -96.78M | -324.77M | 655.49M | |
| Financing Cash Flow | -169.46M | 60.10M | -136.54M | -363.67M | 590.60M | |
| Net Cash Flow | -70.41M | 73.46M | -2.05M | -277.81M | 51.14M | |
| Free Cash Flow | 154.00M | 90.72M | 101.49M | 102.18M | 96.16M | |
| Free Cash Flow Margin | 45.03% | 36.22% | 40.90% | 40.33% | 42.40% | |
| Free Cash Flow Per Share | 4.18 | 3.06 | 3.43 | 3.47 | 3.62 | |
| Cash Interest Paid | 124.18M | 99.06M | 60.66M | 17.44M | 10.02M | |
| Cash Income Tax Paid | 18.93M | 17.82M | 15.38M | 11.65M | 14.43M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.88B | 1.47B | 1.19B | 958.54M | 1.10B | 1.03B |
| Last Close Price | 48.95 | 38.39 | 38.26 | 29.92 | 33.33 | 34.00 |
| PE Ratio | 12.91 | 13.04 | 14.24 | 11.16 | 13.44 | 12.30 |
| PS Ratio | 4.75 | 4.29 | 4.77 | 3.86 | 4.34 | 4.56 |
| PB Ratio | 1.59 | 1.26 | 1.67 | 1.45 | 1.97 | 1.55 |
| P/FCF Ratio | 10.08 | 9.54 | 13.16 | 9.45 | 10.76 | 10.76 |
| P/OCF Ratio | 9.70 | 9.22 | 12.46 | 8.94 | 9.99 | 10.26 |
| Debt / Equity Ratio | 0.23 | 0.17 | 0.31 | 0.31 | 0.39 | 0.24 |
| Debt / FCF Ratio | 1.25 | 2.44 | 2.04 | 2.15 | 1.70 | |
| Net Debt / Equity Ratio | 0.17 | 0.06 | 0.04 | 0.13 | 0.17 | -0.36 |
| Net Debt / FCF Ratio | 0.45 | 0.28 | 0.82 | 0.90 | -2.48 | |
| Return on Equity (ROE) | 12.81% | 12.00% | 12.16% | 14.06% | 13.34% | 13.01% |
| Return on Assets (ROA) | 1.73% | 1.53% | 1.35% | 1.40% | 1.39% | 1.59% |
| Earnings Yield | 7.74% | 7.67% | 7.02% | 8.96% | 7.44% | 8.13% |
| FCF Yield | 9.92% | 10.48% | 7.60% | 10.59% | 9.29% | 9.29% |
| Dividend Yield | 2.49% | 3.01% | 2.73% | 3.15% | 2.52% | 2.21% |
| Payout Ratio | 31.96% | 38.42% | 38.00% | 34.27% | 33.02% | 26.41% |
| Buyback Yield / Dilution | -7.76% | -24.07% | -0.33% | -0.32% | -11.03% | 0.01% |
| Total Shareholder Return | -5.23% | -21.06% | 2.40% | 2.83% | -8.51% | 2.21% |