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German American Bancorp
(NASDAQ:GABC)
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Rating:82Outperform
Price Target:
$58.00
â–²(17.03% Upside)
Action:Reiterated
Date:09/09/26
The score is driven primarily by strong financial performance—improving profitability, sharply re-accelerating revenue, conservative leverage, and solid cash conversion. Technicals are supportive but not strongly momentum-driven, valuation looks reasonable with a decent dividend yield, and recent corporate updates are clearly positive with record earnings and healthy credit/capital metrics.
Positive Factors
Record earnings and operating efficiency
Record earnings supported by a strong net interest margin, rising non-interest income, and disciplined expenses indicate broad operating strength rather than reliance on a single revenue source. Sustained efficiency and profitability can help the bank reinvest, defend its market position, and compound earnings over coming quarters.
Negative Factors
Margin and return cyclicality
Although current profitability is improving, the multi-year record shows that margins and returns can vary materially across the rate and credit cycle. This cyclicality makes peak earnings less dependable, potentially limiting the durability of current profitability if banking conditions become less favorable.
Read all positive and negative factors
Positive Factors
Negative Factors
Record earnings and operating efficiency
Record earnings supported by a strong net interest margin, rising non-interest income, and disciplined expenses indicate broad operating strength rather than reliance on a single revenue source. Sustained efficiency and profitability can help the bank reinvest, defend its market position, and compound earnings over coming quarters.
Read all positive factors
German American Bancorp (GABC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.88B
Dividend Yield2.46%
Average Volume (3M)141.16K
Price to Earnings (P/E)13.1
Beta (1Y)0.66
Revenue Growth21.78%
EPS Growth43.92%
CountryUS
Employees984
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.79
Shares Outstanding37,578,808
10 Day Avg. Volume109,967
30 Day Avg. Volume141,162
Financial Highlights & Ratios
PEG Ratio1.58
Price to Book (P/B)1.24
Price to Sales (P/S)2.96
P/FCF Ratio9.36
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$55.50Price Target Upside11.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)3.89
Revenue Forecast (FY)$400.68M
German American Bancorp Business Overview & Revenue Model
Company Description
German American Bancorp, Inc. functions as the parent entity for German American Bank, offering a comprehensive suite of retail and commercial banking services. The company's operations are divided into three core segments: Core Banking, Wealth Ma...
How the Company Makes Money
German American Bancorp primarily makes money through its banking operations by earning interest income and generating fee-based revenue. The largest driver is net interest income: the company earns interest and fees on loans (such as commercial, ...
German American Bancorp Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 503.04M | 487.40M | 315.38M | 316.92M | 278.06M | 229.84M |
| Gross Profit | 379.75M | 342.02M | 212.15M | 248.14M | 253.37M | 226.79M |
| EBITDA | 200.62M | 158.78M | 113.38M | 113.06M | 109.29M | 111.56M |
| Net Income | 142.08M | 112.64M | 83.81M | 85.89M | 81.83M | 84.14M |
Balance Sheet | ||||||
| Total Assets | 8.44B | 8.39B | 6.30B | 6.15B | 6.16B | 5.61B |
| Cash, Cash Equivalents and Short-Term Investments | 94.16M | 1.23B | 1.12B | 1.68B | 1.84B | 1.94B |
| Total Debt | 174.12M | 182.68M | 210.13M | 193.94M | 203.81M | 152.18M |
| Total Liabilities | 7.23B | 7.23B | 5.58B | 5.49B | 5.60B | 4.94B |
| Stockholders Equity | 1.21B | 1.16B | 715.07M | 663.56M | 558.39M | 668.46M |
Cash Flow | ||||||
| Free Cash Flow | 182.40M | 154.00M | 90.72M | 101.49M | 102.18M | 96.16M |
| Operating Cash Flow | 189.63M | 159.32M | 95.76M | 107.23M | 110.04M | 100.84M |
| Investing Cash Flow | -259.12M | -60.27M | -82.40M | 27.25M | -24.18M | -640.30M |
| Financing Cash Flow | -36.50M | -169.46M | 60.10M | -136.54M | -363.67M | 590.60M |
German American Bancorp Technical Analysis
Positive
49.56
Price Trends
49.11
Positive
46.34
Positive
43.42
Positive
Market Momentum
0.09
Positive
49.77
Neutral
65.18
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 49.56 is below the 20-day moving average (MA) of 50.04, above the 50-day MA of 49.11, and above the 200-day MA of 43.42, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 49.77 is Neutral, neither overbought nor oversold. The STOCH value of 65.18 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $1.88B | 13.09 | 12.17% | 2.46% | 21.78% | 43.92% | |
82 Outperform | $2.10B | 12.39 | 13.41% | 1.94% | 4.24% | 21.67% | |
76 Outperform | $1.79B | 13.36 | 9.74% | 2.92% | 2.44% | 10.69% | |
73 Outperform | $1.74B | 12.82 | 10.23% | 2.67% | 3.50% | 23.44% | |
72 Outperform | $1.87B | 16.25 | 6.47% | 3.04% | 8.27% | -23.33% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
GABC
German American Bancorp
49.60
9.89
24.91%
SRCE
1St Source
86.49
24.13
38.69%
STBA
S&T Bancorp
49.95
12.36
32.89%
TCBK
Trico Bancshares
53.97
9.45
21.23%
NBHC
National Bank Holdings
41.77
4.28
11.42%
German American Bancorp Corporate Events
Business Operations and StrategyFinancial Disclosures
German American Bancorp Highlights Strong Q2 Performance
Positive
Sep 8, 2026
German American Bancorp’s top executives, Chairman and CEO D. Neil Dauby and President and CFO Bradley M. Rust, will meet investors at the Raymond James 2026 U.S. Bank Conference on September 9, 2026, presenting second-quarter 2026 performan...
Business Operations and StrategyDividendsFinancial Disclosures
German American Bancorp Posts Record Quarterly Earnings
Positive
Jul 27, 2026
German American Bancorp reported record financial results for the three months ended June 30, 2026, posting net income of $38.2 million, or $1.02 per share, the highest in its history and up 16% from the first quarter and 21% from the prior-year p...
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.