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German American Bancorp (GABC) Financials

German American Bancorp logo
$39.13 +0.33 (+0.85%)
Closing price 10/3/2025 04:00 PM Eastern
Extended Trading
$39.10 -0.03 (-0.08%)
As of 10/3/2025 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for German American Bancorp

Annual Income Statements for German American Bancorp

This table shows German American Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 28 30 35 41 47 59 62 84 82 86 84
Consolidated Net Income / (Loss)		 28 30 35 41 47 59 62 84 82 86 84
Net Income / (Loss) Continuing Operations		 28 30 35 41 47 59 62 84 82 86 84
Total Pre-Tax Income 		40 42 49 52 56 71 75 103 99 104 104
Total Revenue		 98 103 127 132 152 191 210 220 260 251 253
Net Interest Income / (Expense)		 74 76 95 100 115 145 155 161 201 190 191
Total Interest Income		 80 82 103 111 134 176 174 170 219 257 291
Loans and Leases Interest Income		 66 67 86 92 112 152 152 139 169 213 240
Investment Securities Interest Income		 15 15 17 19 21 23 22 31 44 42 43
Federal Funds Sold and Securities Borrowed Interest Income		 0.01 0.01 0.07 0.13 0.31 0.52 0.38 0.49 5.77 1.68 7.70
Total Interest Expense		 6.05 6.07 8.46 11 19 31 19 9.55 18 66 100
Deposits Interest Expense		 4.13 3.98 5.19 7.09 14 24 14 4.96 14 57 91
Long-Term Debt Interest Expense		 1.92 2.09 3.27 4.03 5.51 7.44 5.43 4.59 4.83 9.31 9.83
Total Non-Interest Income		 24 27 32 32 37 46 54 59 59 60 63
Other Service Charges		 16 19 3.70 27 2.79 38 38 47 5.12 56 54
Net Realized & Unrealized Capital Gains on Investments		 3.37 3.68 5.34 3.88 3.71 5.88 14 11 4.38 2.40 6.59
Other Non-Interest Income		 0.83 0.85 23 1.34 31 2.01 2.31 1.53 50 1.73 2.06
Provision for Credit Losses		 0.15 0.00 1.20 1.75 2.07 5.33 18 -6.50 6.35 2.55 2.78
Total Non-Interest Expense		 58 61 77 78 94 114 117 124 154 144 146
Salaries and Employee Benefits		 33 35 44 47 51 64 68 69 84 83 82
Net Occupancy & Equipment Expense		 11 10 14 14 18 22 21 22 30 26 27
Marketing Expense		 1.98 3.67 2.66 3.54 3.49 4.23 3.59 4.20 4.42 4.86 3.94
Property & Liability Insurance Claims		 1.11 1.14 1.15 0.95 1.03 0.53 0.74 1.42 1.86 2.83 2.91
Other Operating Expenses		 9.94 10 14 12 18 20 20 25 30 25 28
Amortization Expense		 1.25 0.79 1.06 0.94 1.75 3.72 3.54 2.73 3.71 2.84 2.03
Income Tax Expense		 12 12 14 12 9.53 12 13 19 17 18 20
Basic Earnings per Share		 $2.15 $1.51 $1.57 $1.77 $1.99 $2.29 $2.34 $3.17 $2.78 $2.91 $2.83
Weighted Average Basic Shares Outstanding		 13.20M 13.26M 22.39M 22.92M 23.38M 26.67M 26.50M 29.42M 29.49M 29.58M 37.42M
Diluted Earnings per Share		 $2.14 $1.51 $1.57 $1.77 $1.99 $2.29 $2.34 $3.17 $2.78 $2.91 $2.83
Weighted Average Diluted Shares Outstanding		 13.20M 13.26M 22.39M 22.92M 23.38M 26.67M 26.50M 29.42M 29.49M 29.58M 37.42M
Weighted Average Basic & Diluted Shares Outstanding		 13.20M 13.26M 22.39M 22.92M 23.38M 26.67M 26.50M 29.42M 29.49M 29.58M 37.42M
Cash Dividends to Common per Share		 $0.64 $0.45 $0.48 $0.52 $0.60 $0.68 $0.76 $0.84 $0.92 $1.00 $1.08

Quarterly Income Statements for German American Bancorp

This table shows German American Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 25 24 21 22 21 22 19 21 21 23
Consolidated Net Income / (Loss)		 25 24 21 22 21 22 19 21 21 23
Net Income / (Loss) Continuing Operations		 25 24 21 22 21 22 19 21 21 23
Total Pre-Tax Income 		31 30 25 27 26 25 23 27 26 29
Total Revenue		 66 66 64 63 62 61 61 65 62 65
Net Interest Income / (Expense)		 52 52 49 48 48 46 45 46 49 51
Total Interest Income		 57 61 60 64 66 67 68 72 75 77
Loans and Leases Interest Income		 43 47 49 52 55 56 58 59 61 62
Investment Securities Interest Income		 11 12 11 11 10 10 10 9.96 11 12
Federal Funds Sold and Securities Borrowed Interest Income		 2.05 2.20 0.35 0.66 0.20 0.47 0.30 2.38 2.22 2.79
Total Interest Expense		 4.83 8.48 11 15 18 21 23 26 26 26
Deposits Interest Expense		 3.60 7.04 8.97 13 16 19 21 23 23 23
Long-Term Debt Interest Expense		 1.23 1.44 2.51 1.90 2.51 2.39 2.28 2.22 2.68 2.65
Total Non-Interest Income		 14 14 15 15 15 16 16 19 14 14
Other Service Charges		 1.37 -23 14 14 1.27 27 15 14 13 13
Net Realized & Unrealized Capital Gains on Investments		 0.88 0.58 0.59 0.67 0.61 0.53 0.79 4.40 0.77 0.63
Other Non-Interest Income		 12 36 0.40 0.43 13 -12 0.44 0.53 0.48 0.62
Provision for Credit Losses		 0.35 0.50 1.10 0.55 0.90 - 0.90 0.63 0.63 0.63
Total Non-Interest Expense		 35 36 38 36 35 36 37 38 36 36
Salaries and Employee Benefits		 20 21 22 20 20 21 21 21 20 20
Net Occupancy & Equipment Expense		 6.40 6.17 6.58 6.25 6.41 6.35 6.62 6.51 7.04 7.03
Marketing Expense		 1.22 1.04 1.17 1.26 1.28 1.15 1.14 0.91 0.94 0.95
Property & Liability Insurance Claims		 0.48 0.44 0.74 0.69 0.70 0.70 0.73 0.71 0.76 0.71
Other Operating Expenses		 5.98 6.21 6.50 6.70 6.00 5.95 6.50 8.06 7.19 6.30
Amortization Expense		 0.90 0.84 0.79 0.73 0.69 0.64 0.58 0.53 0.48 0.44
Income Tax Expense		 6.13 5.52 4.45 4.76 4.59 3.96 4.16 6.07 4.60 5.47
Basic Earnings per Share		 $0.83 $0.83 $0.71 $0.75 $0.73 $0.72 $0.64 $0.69 $0.71 $0.79
Weighted Average Basic Shares Outstanding		 29.49M 29.49M 29.57M 29.57M 29.58M 29.58M 29.67M 29.68M 29.68M 37.42M
Diluted Earnings per Share		 $0.83 $0.83 $0.71 $0.75 $0.73 $0.72 $0.64 $0.69 $0.71 $0.79
Weighted Average Diluted Shares Outstanding		 29.49M 29.49M 29.57M 29.57M 29.58M 29.58M 29.67M 29.68M 29.68M 37.42M
Weighted Average Basic & Diluted Shares Outstanding		 29.49M 29.49M 29.57M 29.57M 29.58M 29.58M 29.67M 29.68M 29.68M 37.42M

Annual Cash Flow Statements for German American Bancorp

This table details how cash moves in and out of German American Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -18 9.56 13 5.54 26 7.33 242 51 -278 -2.05 73
Net Cash From Operating Activities		 36 31 42 55 62 65 92 101 110 107 96
Net Cash From Continuing Operating Activities		 36 31 42 55 62 65 92 101 110 107 96
Net Income / (Loss) Continuing Operations		 28 30 35 41 47 59 62 84 82 86 84
Consolidated Net Income / (Loss)		 28 30 35 41 47 59 62 84 82 86 84
Provision For Loan Losses		 0.15 0.00 1.20 1.75 2.07 5.33 18 -6.50 6.35 2.55 2.78
Depreciation Expense		 4.81 4.26 4.32 4.69 6.18 8.63 9.43 8.77 10 9.56 9.28
Amortization Expense		 2.03 2.55 3.68 3.54 3.55 3.86 5.67 6.64 6.45 5.57 2.16
Non-Cash Adjustments to Reconcile Net Income		 1.34 -4.45 -5.73 8.86 1.95 -15 -3.95 6.27 4.76 3.12 -2.65
Changes in Operating Assets and Liabilities, net		 -0.20 -1.16 3.27 -4.64 2.05 2.89 1.51 1.53 0.53 0.55 0.39
Net Cash From Investing Activities		 -78 -127 -72 -189 -39 31 -346 -640 -24 27 -82
Net Cash From Continuing Investing Activities		 -78 -127 -72 -189 -39 31 -346 -640 -24 27 -82
Purchase of Property, Leasehold Improvements and Equipment		 -3.05 -1.61 -5.23 -11 -15 -9.37 -7.07 -4.69 -7.85 -5.75 -5.05
Acquisitions		 - - - - - 5.55 - 0.00 - 0.00 0.00
Purchase of Investment Securities		 -219 -237 -340 -312 -247 -172 -675 -1,021 -526 -185 -722
Sale of Property, Leasehold Improvements and Equipment		 0.02 0.00 0.00 0.01 0.43 1.76 3.93 1.96 0.00 3.63 0.00
Sale and/or Maturity of Investments		 143 112 274 134 180 204 332 381 302 214 645
Net Cash From Financing Activities		 24 105 43 140 2.66 -89 496 591 -364 -137 60
Net Cash From Continuing Financing Activities		 24 105 43 140 2.66 -89 496 591 -364 -137 60
Net Change in Deposits		 -32 47 118 135 -11 -13 677 655 -325 -97 76
Issuance of Debt		 108 111 0.00 75 68 89 -115 0.00 0.00 25 75
Repayment of Debt		 -43 -44 -65 -58 -40 -147 -41 -43 -12 -35 -59
Payment of Dividends		 -8.45 -9.01 -11 -12 -14 -18 -20 -22 -27 -29 -32
Cash Interest Paid		 6.07 6.15 8.35 11 18 31 20 10 17 61 99
Cash Income Taxes Paid		 11 9.08 9.25 12 5.92 7.98 12 14 12 15 18

Quarterly Cash Flow Statements for German American Bancorp

This table details how cash moves in and out of German American Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -153 -254 -39 60 -8.25 -15 8.14 206 -134 -6.76
Net Cash From Operating Activities		 32 28 31 22 24 30 24 19 25 29
Net Cash From Continuing Operating Activities		 32 28 31 22 24 30 24 19 25 29
Net Income / (Loss) Continuing Operations		 25 24 21 22 21 22 19 21 21 23
Consolidated Net Income / (Loss)		 25 24 21 22 21 22 19 21 21 23
Provision For Loan Losses		 0.35 0.50 1.10 0.55 0.90 - 0.90 0.63 0.63 0.63
Depreciation Expense		 2.49 2.37 2.43 2.41 2.37 2.35 2.34 2.33 2.30 2.32
Amortization Expense		 1.61 1.50 1.41 1.37 1.39 1.40 1.40 1.32 -0.20 -0.37
Non-Cash Adjustments to Reconcile Net Income		 -1.19 1.75 2.69 -2.02 1.16 1.29 -5.16 -6.00 6.60 1.90
Changes in Operating Assets and Liabilities, net		 4.31 -2.99 3.03 -2.67 -2.85 3.03 5.35 -0.10 -5.86 1.01
Net Cash From Investing Activities		 -40 -108 145 -15 -40 -62 28 126 -145 -91
Net Cash From Continuing Investing Activities		 -40 -108 145 -15 -40 -62 28 126 -145 -91
Purchase of Property, Leasehold Improvements and Equipment		 -1.08 -1.56 -1.92 -2.55 -1.03 -0.25 -1.24 -1.67 -1.48 -0.66
Purchase of Investment Securities		 -42 -192 -1.97 -124 23 -82 -70 -120 -458 -75
Sale and/or Maturity of Investments		 3.30 85 149 111 -62 16 100 248 314 -16
Net Cash From Financing Activities		 -145 -173 -215 54 7.47 17 -44 61 -13 56
Net Cash From Continuing Financing Activities		 -145 -173 -215 54 7.47 17 -44 61 -13 56
Net Change in Deposits		 -139 -224 -195 25 -44 117 -34 94 -42 58
Repayment of Debt		 1.02 58 -13 11 59 -92 -27 -50 12 5.86
Payment of Dividends		 -6.76 -6.76 -7.35 -7.36 -7.36 -7.36 -7.96 -7.96 -7.96 -7.96
Cash Interest Paid		 4.31 8.30 10 14 16 20 21 25 27 25
Cash Income Taxes Paid		 0.30 3.04 0.00 9.74 5.13 0.51 0.00 9.36 8.51 -0.05

Annual Balance Sheets for German American Bancorp

This table presents German American Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 2,237 2,374 2,956 3,144 3,929 4,398 4,978 5,609 6,156 6,152 6,296
Cash and Due from Banks		 42 52 65 70 97 104 346 397 117 115 189
Interest Bearing Deposits at Other Banks		 0.10 - - 0.00 0.25 1.99 1.24 0.75 0.50 0.50 0.50
Trading Account Securities		 631 638 710 741 813 855 1,218 1,890 1,762 1,597 1,517
Loans and Leases, Net of Allowance		 1,433 1,550 1,975 2,126 2,712 3,066 3,045 2,967 3,741 3,927 4,080
Loans and Leases		 1,448 1,564 1,990 2,142 2,728 3,082 3,092 3,008 3,789 3,978 4,133
Allowance for Loan and Lease Losses		 15 14 15 16 16 16 47 37 44 44 44
Loans Held for Sale		 6.31 11 15 6.72 4.26 18 17 11 8.60 5.23 8.24
Premises and Equipment, Net		 40 38 48 54 81 97 97 89 112 107 104
Goodwill		 21 21 54 54 104 121 122 122 180 180 179
Intangible Assets		 2.07 1.28 2.84 2.10 9.96 13 8.98 5.85 9.43 6.31 4.02
Other Assets		 61 63 86 90 109 128 127 127 225 214 214
Total Liabilities & Shareholders' Equity		 2,237 2,374 2,956 3,144 3,929 4,398 4,978 5,609 6,156 6,152 6,296
Total Liabilities		 2,008 2,121 2,626 2,780 3,470 3,824 4,353 4,940 5,598 5,489 5,581
Non-Interest Bearing Deposits		 428 465 572 606 716 833 1,183 1,529 1,692 1,493 1,399
Interest Bearing Deposits		 1,352 1,361 1,778 1,878 2,357 2,597 2,923 3,215 3,658 3,760 3,930
Other Short-Term Payables		 22 22 18 21 21 - 52 44 44 42 42
Long-Term Debt		 206 273 258 275 376 350 195 152 204 194 210
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 229 252 330 365 459 574 625 668 558 664 715
Total Preferred & Common Equity		 229 252 330 365 459 574 625 668 558 664 715
Total Common Equity		 229 252 330 365 459 574 625 668 558 664 715
Common Stock		 122 123 187 188 254 306 301 303 417 419 422
Retained Earnings		 104 125 150 179 211 253 288 350 405 462 514
Accumulated Other Comprehensive Income / (Loss)		 2.89 3.81 -6.40 -2.62 -7.10 15 35 15 -263 -217 -220

Quarterly Balance Sheets for German American Bancorp

This table presents German American Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 6,260 5,997 6,053 6,006 6,112 6,217 6,261
Cash and Due from Banks		 373 80 141 132 123 329 196
Interest Bearing Deposits at Other Banks		 0.75 0.50 0.50 0.50 0.50 0.50 0.50
Trading Account Securities		 1,702 1,670 1,601 1,477 1,539 1,374 1,548
Loans and Leases, Net of Allowance		 3,638 3,725 3,782 3,843 3,928 3,993 4,017
Loans and Leases		 3,683 3,769 3,830 3,894 3,979 4,044 4,069
Allowance for Loan and Lease Losses		 45 44 44 45 44 44 44
Loans Held for Sale		 10 6.01 8.24 7.09 10 15 9.17
Premises and Equipment, Net		 111 112 113 111 106 106 105
Goodwill		 180 180 180 180 180 179 179
Intangible Assets		 10 8.57 7.77 7.02 5.67 5.07 4.52
Other Assets		 234 3,939 221 247 218 215 202
Total Liabilities & Shareholders' Equity		 6,260 5,997 6,053 6,006 6,112 6,217 6,261
Total Liabilities		 5,765 5,392 5,451 5,467 5,457 5,529 5,516
Non-Interest Bearing Deposits		 1,755 1,601 1,541 1,502 1,464 1,448 1,406
Interest Bearing Deposits		 3,819 3,554 3,639 3,634 3,755 3,865 3,865
Other Short-Term Payables		 - - 44 45 46 49 41
Long-Term Debt		 146 191 227 286 192 167 204
Total Equity & Noncontrolling Interests		 495 605 603 538 655 688 745
Total Preferred & Common Equity		 495 605 603 538 655 688 745
Total Common Equity		 495 605 603 538 655 688 745
Common Stock		 416 417 418 419 420 420 421
Retained Earnings		 388 419 433 447 473 485 498
Accumulated Other Comprehensive Income / (Loss)		 -309 -230 -249 -328 -237 -218 -175

Annual Metrics And Ratios for German American Bancorp

This table displays calculated financial ratios and metrics derived from German American Bancorp's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 6.67% 4.80% 23.23% 3.82% 15.12% 25.74% 9.96% 5.04% 17.90% -3.47% 1.02%
EBITDA Growth		 6.86% 2.61% 17.82% 5.81% 8.85% 27.27% 7.66% 31.12% -2.07% 2.62% -2.72%
EBIT Growth		 9.59% 3.11% 17.90% 6.27% 7.37% 27.08% 5.34% 36.97% -3.51% 4.51% 0.44%
NOPAT Growth		 11.53% 6.07% 17.03% 15.61% 14.39% 27.28% 5.05% 35.25% -2.75% 4.97% -2.42%
Net Income Growth		 11.53% 6.07% 17.03% 15.61% 14.39% 27.28% 5.05% 35.25% -2.75% 4.97% -2.42%
EPS Growth		 8.08% 6.07% 17.03% 12.74% 12.43% 15.08% 2.18% 35.47% -12.30% 4.68% -2.75%
Operating Cash Flow Growth		 -12.49% -14.26% 34.05% 30.93% 13.59% 4.65% 41.68% 9.12% 9.12% -2.55% -10.70%
Free Cash Flow Firm Growth		 -314.79% 7.55% 54.67% 61.02% -1,286.14% 80.34% 669.45% -50.30% 69.54% -106.71% 271.22%
Invested Capital Growth		 27.58% 20.88% 11.93% 8.74% 30.52% 10.59% -11.29% 0.17% -7.12% 12.50% 7.90%
Revenue Q/Q Growth		 0.21% 1.09% 6.18% -8.19% 22.97% -0.11% 3.56% -0.51% 4.15% -1.90% 1.58%
EBITDA Q/Q Growth		 3.12% -0.25% 6.29% -17.40% 41.65% -1.01% 9.77% -2.69% 6.99% -3.72% 1.24%
EBIT Q/Q Growth		 3.60% -0.23% 7.06% -19.99% 49.97% -1.83% 10.85% -2.94% 8.19% -4.13% 3.19%
NOPAT Q/Q Growth		 3.87% 0.23% 7.17% 3.98% -1.36% 8.90% 8.87% -1.89% 6.71% -3.27% 2.08%
Net Income Q/Q Growth		 3.87% 0.23% 7.17% 3.98% -1.36% 8.90% 8.87% -1.89% 6.71% -3.27% 2.08%
EPS Q/Q Growth		 3.38% 0.23% 7.17% -19.91% 37.24% 11.17% 8.84% -1.86% 4.12% -3.64% 2.54%
Operating Cash Flow Q/Q Growth		 11.65% -24.35% 20.05% 3.67% 16.47% -0.66% 22.22% -8.47% 0.58% 1.93% -0.91%
Free Cash Flow Firm Q/Q Growth		 -169.55% -116.26% 72.70% -129.27% -344.96% 76.05% 40.81% 22.11% -48.52% 90.10% 138.33%
Invested Capital Q/Q Growth		 1.53% 8.07% -5.12% 2.77% 18.76% 4.99% 0.09% -1.90% 18.96% 3.99% -2.48%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 48.08% 47.07% 45.01% 45.87% 43.37% 43.90% 42.98% 53.65% 44.57% 47.38% 45.62%
EBIT Margin		 41.12% 40.46% 38.71% 39.62% 36.96% 37.35% 35.78% 46.66% 38.19% 41.34% 41.11%
Profit (Net Income) Margin		 28.84% 29.19% 27.72% 30.87% 30.68% 31.05% 29.66% 38.19% 31.51% 34.26% 33.09%
Tax Burden Percent		 70.14% 72.15% 71.61% 77.91% 83.00% 83.13% 82.90% 81.86% 82.50% 82.87% 80.51%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 29.86% 27.85% 28.39% 22.09% 17.00% 16.87% 17.10% 18.14% 17.50% 17.13% 19.49%
Return on Invested Capital (ROIC)		 7.31% 6.26% 6.32% 6.62% 6.31% 6.74% 7.14% 10.26% 10.34% 10.61% 9.40%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.31% 6.26% 6.32% 6.62% 6.31% 6.74% 7.14% 10.26% 10.34% 10.61% 9.40%
Return on Net Nonoperating Assets (RNNOA)		 5.91% 6.24% 5.76% 5.08% 4.99% 4.74% 3.24% 2.75% 3.00% 3.45% 2.76%
Return on Equity (ROE)		 13.22% 12.50% 12.08% 11.71% 11.30% 11.47% 10.38% 13.01% 13.34% 14.06% 12.16%
Cash Return on Invested Capital (CROIC)		 -16.93% -12.64% -4.94% -1.75% -20.17% -3.32% 19.11% 10.09% 17.72% -1.16% 1.81%
Operating Return on Assets (OROA)		 1.84% 1.81% 1.84% 1.71% 1.59% 1.71% 1.60% 1.94% 1.69% 1.68% 1.67%
Return on Assets (ROA)		 1.29% 1.30% 1.32% 1.33% 1.32% 1.42% 1.33% 1.59% 1.39% 1.40% 1.35%
Return on Common Equity (ROCE)		 13.22% 12.50% 12.08% 11.71% 11.30% 11.47% 10.38% 13.01% 13.34% 14.06% 12.16%
Return on Equity Simple (ROE_SIMPLE)		 12.39% 11.91% 10.65% 11.16% 10.15% 10.32% 9.96% 12.59% 14.65% 12.94% 11.72%
Net Operating Profit after Tax (NOPAT)		 28 30 35 41 47 59 62 84 82 86 84
NOPAT Margin		 28.84% 29.19% 27.72% 30.87% 30.68% 31.05% 29.66% 38.19% 31.51% 34.26% 33.09%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 46.21% 47.64% 47.95% 48.34% 47.88% 47.09% 44.16% 43.22% 45.78% 45.35% 44.77%
Operating Expenses to Revenue		 58.73% 59.54% 60.34% 59.05% 61.68% 59.86% 55.85% 56.29% 59.37% 57.64% 57.80%
Earnings before Interest and Taxes (EBIT)		 40 42 49 52 56 71 75 103 99 104 104
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 47 48 57 60 66 84 90 118 116 119 116
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.41 1.43 2.03 1.88 1.30 1.46 1.27 1.43 1.84 1.39 1.66
Price to Tangible Book Value (P/TBV)		 1.56 1.57 2.45 2.22 1.73 1.90 1.60 1.76 2.78 1.94 2.23
Price to Revenue (P/Rev)		 3.27 3.50 5.27 5.20 3.94 4.38 3.77 4.33 3.95 3.68 4.68
Price to Earnings (P/E)		 11.34 12.01 19.01 16.86 12.83 14.12 12.72 11.34 12.53 10.75 14.14
Dividend Yield		 2.63% 2.50% 1.64% 1.73% 2.51% 2.17% 2.54% 2.34% 2.65% 3.20% 2.70%
Earnings Yield		 8.82% 8.33% 5.26% 5.93% 7.79% 7.08% 7.86% 8.82% 7.98% 9.30% 7.07%
Enterprise Value to Invested Capital (EV/IC)		 1.12 1.11 1.47 1.39 1.05 1.17 0.78 0.86 1.46 1.17 1.30
Enterprise Value to Revenue (EV/Rev)		 4.94 5.65 6.79 6.76 5.78 5.66 3.05 3.22 4.28 3.99 4.76
Enterprise Value to EBITDA (EV/EBITDA)		 10.27 12.01 15.10 14.73 13.32 12.90 7.09 6.00 9.60 8.43 10.44
Enterprise Value to EBIT (EV/EBIT)		 12.00 13.97 17.55 17.06 15.64 15.16 8.52 6.90 11.21 9.66 11.58
Enterprise Value to NOPAT (EV/NOPAT)		 17.11 19.37 24.51 21.89 18.84 18.23 10.27 8.43 13.58 11.66 14.39
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.30 18.62 20.57 16.23 14.06 16.56 6.92 7.03 10.10 9.34 12.59
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 3.84 8.57 7.92 0.00 74.86
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.90 1.08 0.78 0.75 0.82 0.61 0.31 0.23 0.37 0.29 0.29
Long-Term Debt to Equity		 0.90 1.08 0.78 0.75 0.82 0.61 0.31 0.23 0.37 0.29 0.29
Financial Leverage		 0.81 1.00 0.91 0.77 0.79 0.70 0.45 0.27 0.29 0.33 0.29
Leverage Ratio		 10.26 9.58 9.15 8.78 8.59 8.07 7.82 8.19 9.59 10.07 9.03
Compound Leverage Factor		 10.26 9.58 9.15 8.78 8.59 8.07 7.82 8.19 9.59 10.07 9.03
Debt to Total Capital		 47.38% 52.00% 43.87% 43.02% 45.08% 37.87% 23.75% 18.54% 26.74% 22.62% 22.71%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 47.38% 52.00% 43.87% 43.02% 45.08% 37.87% 23.75% 18.54% 26.74% 22.62% 22.71%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 52.62% 48.00% 56.13% 56.98% 54.92% 62.14% 76.25% 81.46% 73.26% 77.38% 77.29%
Debt to EBITDA		 4.36 5.64 4.52 4.55 5.72 4.18 2.16 1.29 1.76 1.63 1.82
Net Debt to EBITDA		 3.46 4.56 3.38 3.39 4.25 2.91 -1.69 -2.08 0.74 0.66 0.18
Long-Term Debt to EBITDA		 4.36 5.64 4.52 4.55 5.72 4.18 2.16 1.29 1.76 1.63 1.82
Debt to NOPAT		 7.27 9.09 7.34 6.77 8.09 5.90 3.13 1.81 2.49 2.26 2.51
Net Debt to NOPAT		 5.77 7.36 5.49 5.04 6.01 4.12 -2.45 -2.92 1.05 0.91 0.25
Long-Term Debt to NOPAT		 7.27 9.09 7.34 6.77 8.09 5.90 3.13 1.81 2.49 2.26 2.51
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -66 -61 -28 -11 -149 -29 166 83 140 -9.41 16
Operating Cash Flow to CapEx		 1,203.56% 1,937.24% 800.78% 490.96% 422.50% 856.81% 2,940.44% 3,703.42% 1,401.38% 5,062.98% 1,897.44%
Free Cash Flow to Firm to Interest Expense		 -10.86 -10.01 -3.25 -0.96 -7.77 -0.94 8.70 8.66 7.65 -0.14 0.16
Operating Cash Flow to Interest Expense		 6.03 5.15 4.95 4.93 3.26 2.09 4.83 10.56 6.00 1.62 0.95
Operating Cash Flow Less CapEx to Interest Expense		 5.53 4.89 4.34 3.93 2.49 1.84 4.67 10.28 5.57 1.59 0.90
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.05 0.04 0.04 0.05 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 2.45 2.65 2.95 2.57 2.25 2.15 2.17 2.38 2.58 2.29 2.40
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 435 526 588 640 835 924 819 821 762 857 925
Invested Capital Turnover		 0.25 0.21 0.23 0.21 0.21 0.22 0.24 0.27 0.33 0.31 0.28
Increase / (Decrease) in Invested Capital		 94 91 63 51 195 88 -104 1.40 -58 95 68
Enterprise Value (EV)		 485 582 862 891 877 1,080 639 709 1,111 1,001 1,206
Market Capitalization		 322 361 669 686 597 836 792 954 1,026 923 1,185
Book Value per Share		 $17.32 $19.01 $21.65 $15.90 $18.38 $21.52 $23.58 $25.18 $18.94 $22.44 $24.09
Tangible Book Value per Share		 $15.61 $17.36 $17.92 $13.45 $13.82 $16.50 $18.64 $20.37 $12.50 $16.12 $17.93
Total Capital		 435 526 588 640 835 924 819 821 762 857 925
Total Debt		 206 273 258 275 376 350 195 152 204 194 210
Total Long-Term Debt		 206 273 258 275 376 350 195 152 204 194 210
Net Debt		 164 221 193 205 280 244 -152 -245 86 78 21
Capital Expenditures (CapEx)		 3.03 1.61 5.23 11 15 7.61 3.14 2.72 7.85 2.12 5.05
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 206 273 258 275 376 350 195 152 204 194 210
Total Depreciation and Amortization (D&A)		 6.84 6.81 7.99 8.23 9.73 12 15 15 17 15 11
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.43 $1.51 $1.57 $1.77 $1.99 $2.29 $2.34 $3.17 $2.78 $2.91 $2.83
Adjusted Weighted Average Basic Shares Outstanding		 19.82M 22.83M 22.89M 22.93M 24.97M 26.67M 26.50M 29.42M 29.49M 29.58M 37.42M
Adjusted Diluted Earnings per Share		 $1.43 $1.51 $1.57 $1.77 $1.99 $2.29 $2.34 $3.17 $2.78 $2.91 $2.83
Adjusted Weighted Average Diluted Shares Outstanding		 19.82M 22.83M 22.89M 22.93M 24.97M 26.67M 26.50M 29.42M 29.49M 29.58M 37.42M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $2.29 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 19.82M 22.83M 22.89M 22.93M 24.97M 26.67M 26.50M 29.42M 29.49M 29.58M 37.42M
Normalized Net Operating Profit after Tax (NOPAT)		 28 30 35 41 47 59 62 84 82 86 84
Normalized NOPAT Margin		 28.84% 29.19% 27.72% 30.87% 30.68% 31.05% 29.66% 38.19% 31.51% 34.26% 33.09%
Pre Tax Income Margin		 41.12% 40.46% 38.71% 39.62% 36.96% 37.35% 35.78% 46.66% 38.19% 41.34% 41.11%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 6.68 6.87 5.81 4.69 2.93 2.28 3.92 10.76 5.41 1.57 1.04
NOPAT to Interest Expense		 4.69 4.95 4.16 3.66 2.43 1.90 3.25 8.81 4.46 1.30 0.83
EBIT Less CapEx to Interest Expense		 6.18 6.60 5.19 3.69 2.16 2.04 3.76 10.48 4.98 1.53 0.99
NOPAT Less CapEx to Interest Expense		 4.19 4.69 3.54 2.65 1.66 1.65 3.09 8.53 4.03 1.27 0.78
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 29.81% 29.97% 30.21% 29.11% 30.25% 29.64% 32.37% 26.41% 33.02% 34.27% 38.00%
Augmented Payout Ratio		 29.81% 29.97% 30.21% 29.18% 30.25% 29.64% 32.37% 26.41% 33.02% 34.27% 38.00%

Quarterly Metrics And Ratios for German American Bancorp

This table displays calculated financial ratios and metrics derived from German American Bancorp's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 15.75% 18.58% 1.39% -2.51% -5.22% -7.34% -4.94% 2.76% 0.05% 6.45%
EBITDA Growth		 15.21% 28.82% 105.99% -7.03% -14.46% -13.57% -7.48% -1.37% -6.89% 4.84%
EBIT Growth		 16.40% 33.45% 159.45% -6.60% -15.25% -14.93% -8.24% -1.05% -1.53% 12.62%
NOPAT Growth		 14.47% 26.69% 129.48% -6.84% -12.79% -11.91% -8.58% -7.20% -1.88% 7.92%
Net Income Growth		 14.47% 26.69% 129.48% -6.84% -12.79% -11.91% -8.58% -7.20% -1.88% 7.92%
EPS Growth		 2.47% 15.28% 129.03% -7.41% -12.05% -13.25% -9.86% -8.00% -2.74% 9.72%
Operating Cash Flow Growth		 12.85% 2.35% -31.99% 437.12% -24.11% 7.38% -24.19% -14.08% 0.38% -2.99%
Free Cash Flow Firm Growth		 6,228.11% 363.72% 654.73% -155.75% -173.69% -189.05% -207.01% 95.61% 36.53% 39.70%
Invested Capital Growth		 -23.41% -7.12% -1.09% 15.39% 28.70% 12.50% 6.36% 2.94% 15.05% 7.90%
Revenue Q/Q Growth		 1.57% 0.39% -3.14% -1.28% -1.25% -1.86% -0.63% 6.71% -3.85% 4.41%
EBITDA Q/Q Growth		 5.63% -2.95% -13.93% 5.38% -2.82% -1.94% -7.87% 12.34% -8.26% 10.41%
EBIT Q/Q Growth		 6.79% -2.58% -15.62% 6.41% -3.11% -2.21% -8.99% 14.74% -3.58% 11.85%
NOPAT Q/Q Growth		 3.58% -0.74% -14.78% 6.32% -3.04% 0.26% -11.55% 7.93% 2.52% 10.28%
Net Income Q/Q Growth		 3.58% -0.74% -14.78% 6.32% -3.04% 0.26% -11.55% 7.93% 2.52% 10.28%
EPS Q/Q Growth		 2.47% 0.00% -14.46% 5.63% -2.67% -1.37% -11.11% 7.81% 2.90% 11.27%
Operating Cash Flow Q/Q Growth		 693.56% -14.38% 14.24% -30.80% 12.13% 21.14% -19.35% -21.57% 31.00% 17.07%
Free Cash Flow Firm Q/Q Growth		 38.68% -62.41% -64.30% -399.53% -83.29% 54.57% 57.10% 87.73% -2,552.68% 56.84%
Invested Capital Q/Q Growth		 -10.93% 18.96% 4.48% 4.23% -0.66% 3.99% -1.22% 0.87% 11.03% -2.48%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 52.94% 51.18% 45.48% 48.55% 47.78% 47.74% 44.26% 46.60% 44.46% 47.02%
EBIT Margin		 46.70% 45.32% 39.48% 42.56% 41.76% 41.61% 38.11% 40.98% 41.10% 44.03%
Profit (Net Income) Margin		 37.38% 36.97% 32.52% 35.03% 34.40% 35.14% 31.28% 31.64% 33.73% 35.63%
Tax Burden Percent		 80.04% 81.56% 82.37% 82.31% 82.37% 84.45% 82.07% 77.20% 82.08% 80.93%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 19.96% 18.44% 17.63% 17.69% 17.63% 15.55% 17.93% 22.81% 17.92% 19.07%
Return on Invested Capital (ROIC)		 12.62% 12.13% 10.58% 11.71% 12.00% 10.88% 9.42% 9.36% 9.49% 10.12%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.62% 12.13% 10.58% 11.71% 12.00% 10.88% 9.42% 9.36% 9.49% 10.12%
Return on Net Nonoperating Assets (RNNOA)		 3.66% 3.52% 2.93% 3.70% 5.02% 3.54% 2.86% 2.86% 3.63% 2.97%
Return on Equity (ROE)		 16.29% 15.65% 13.51% 15.42% 17.02% 14.42% 12.28% 12.22% 13.11% 13.09%
Cash Return on Invested Capital (CROIC)		 36.89% 17.72% 12.78% -2.43% -12.98% -1.16% 4.07% 6.90% -4.74% 1.81%
Operating Return on Assets (OROA)		 1.98% 2.00% 1.62% 1.76% 1.74% 1.70% 1.56% 1.67% 1.67% 1.79%
Return on Assets (ROA)		 1.59% 1.63% 1.34% 1.45% 1.43% 1.43% 1.28% 1.29% 1.37% 1.45%
Return on Common Equity (ROCE)		 16.29% 15.65% 13.51% 15.42% 17.02% 14.42% 12.28% 12.22% 13.11% 13.09%
Return on Equity Simple (ROE_SIMPLE)		 15.50% 0.00% 15.46% 15.26% 16.49% 0.00% 12.84% 12.00% 11.03% 0.00%
Net Operating Profit after Tax (NOPAT)		 25 24 21 22 21 22 19 21 21 23
NOPAT Margin		 37.38% 36.97% 32.52% 35.03% 34.40% 35.14% 31.28% 31.64% 33.73% 35.63%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 41.59% 42.58% 46.25% 43.72% 44.95% 46.48% 47.57% 43.72% 44.39% 43.57%
Operating Expenses to Revenue		 52.76% 53.92% 58.80% 56.57% 56.80% 58.39% 60.41% 58.05% 57.90% 55.01%
Earnings before Interest and Taxes (EBIT)		 31 30 25 27 26 25 23 27 26 29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 35 34 29 31 30 29 27 30 28 31
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 2.00 1.84 1.55 1.28 1.43 1.39 1.54 1.51 1.54 1.66
Price to Tangible Book Value (P/TBV)		 3.25 2.78 2.25 1.86 2.19 1.94 2.15 2.07 2.04 2.23
Price to Revenue (P/Rev)		 3.97 3.95 3.59 2.98 3.01 3.68 4.07 4.18 4.59 4.68
Price to Earnings (P/E)		 12.90 12.53 10.00 8.39 8.68 10.75 11.99 12.62 13.92 14.14
Dividend Yield		 2.68% 2.65% 2.96% 3.68% 3.76% 3.20% 2.99% 2.96% 2.75% 2.70%
Earnings Yield		 7.75% 7.98% 10.00% 11.92% 11.53% 9.30% 8.34% 7.92% 7.18% 7.07%
Enterprise Value to Invested Capital (EV/IC)		 1.19 1.46 1.31 1.03 1.12 1.17 1.27 1.03 1.21 1.30
Enterprise Value to Revenue (EV/Rev)		 3.05 4.28 4.01 3.31 3.61 3.99 4.35 3.52 4.62 4.76
Enterprise Value to EBITDA (EV/EBITDA)		 7.04 9.60 8.00 6.68 7.49 8.43 9.23 7.56 10.09 10.44
Enterprise Value to EBIT (EV/EBIT)		 8.30 11.21 9.12 7.60 8.54 9.66 10.60 8.67 11.41 11.58
Enterprise Value to NOPAT (EV/NOPAT)		 9.93 13.58 11.18 9.33 10.40 11.66 12.80 10.64 14.02 14.39
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.96 10.10 10.98 7.59 8.78 9.34 10.81 9.09 11.91 12.59
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.79 7.92 10.22 0.00 0.00 0.00 32.21 15.11 0.00 74.86
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.30 0.37 0.32 0.38 0.53 0.29 0.29 0.24 0.27 0.29
Long-Term Debt to Equity		 0.30 0.37 0.32 0.38 0.53 0.29 0.29 0.24 0.27 0.29
Financial Leverage		 0.29 0.29 0.28 0.32 0.42 0.33 0.30 0.31 0.38 0.29
Leverage Ratio		 10.25 9.59 10.12 10.64 11.87 10.07 9.61 9.51 9.56 9.03
Compound Leverage Factor		 10.25 9.59 10.12 10.64 11.87 10.07 9.61 9.51 9.56 9.03
Debt to Total Capital		 22.79% 26.74% 23.99% 27.41% 34.71% 22.62% 22.64% 19.50% 21.52% 22.71%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 22.79% 26.74% 23.99% 27.41% 34.71% 22.62% 22.64% 19.50% 21.52% 22.71%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 77.21% 73.26% 76.01% 72.59% 65.29% 77.38% 77.36% 80.50% 78.48% 77.29%
Debt to EBITDA		 1.35 1.76 1.46 1.77 2.32 1.63 1.65 1.43 1.79 1.82
Net Debt to EBITDA		 -2.11 0.74 0.84 0.67 1.24 0.66 0.58 -1.40 0.07 0.18
Long-Term Debt to EBITDA		 1.35 1.76 1.46 1.77 2.32 1.63 1.65 1.43 1.79 1.82
Debt to NOPAT		 1.90 2.49 2.04 2.47 3.22 2.26 2.28 2.02 2.49 2.51
Net Debt to NOPAT		 -2.97 1.05 1.18 0.94 1.73 0.91 0.81 -1.98 0.10 0.25
Long-Term Debt to NOPAT		 1.90 2.49 2.04 2.47 3.22 2.26 2.28 2.02 2.49 2.51
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 220 83 30 -89 -162 -74 -32 -3.89 -103 -44
Operating Cash Flow to CapEx		 2,987.09% 1,761.13% 1,642.28% 854.59% 2,363.60% 11,926.21% 1,926.74% 1,119.63% 1,653.78% 4,373.93%
Free Cash Flow to Firm to Interest Expense		 45.67 9.77 2.58 -5.81 -8.98 -3.45 -1.36 -0.15 -3.96 -1.74
Operating Cash Flow to Interest Expense		 6.67 3.25 2.74 1.43 1.35 1.38 1.03 0.73 0.94 1.12
Operating Cash Flow Less CapEx to Interest Expense		 6.44 3.06 2.57 1.26 1.29 1.37 0.97 0.67 0.88 1.10
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 2.48 2.58 2.33 2.31 2.30 2.29 2.27 2.28 2.30 2.40
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 641 762 796 830 825 857 847 854 949 925
Invested Capital Turnover		 0.34 0.33 0.33 0.33 0.35 0.31 0.30 0.30 0.28 0.28
Increase / (Decrease) in Invested Capital		 -196 -58 -8.78 111 184 95 51 24 124 68
Enterprise Value (EV)		 761 1,111 1,046 858 924 1,001 1,076 878 1,151 1,206
Market Capitalization		 989 1,026 936 771 770 923 1,009 1,041 1,143 1,185
Book Value per Share		 $16.78 $18.94 $20.52 $20.38 $18.21 $22.44 $22.09 $23.19 $25.09 $24.09
Tangible Book Value per Share		 $10.31 $12.50 $14.12 $14.01 $11.87 $16.12 $15.82 $16.98 $18.90 $17.93
Total Capital		 641 762 796 830 825 857 847 854 949 925
Total Debt		 146 204 191 227 286 194 192 167 204 210
Total Long-Term Debt		 146 204 191 227 286 194 192 167 204 210
Net Debt		 -228 86 110 86 153 78 68 -163 8.10 21
Capital Expenditures (CapEx)		 1.08 1.56 1.92 2.55 1.03 0.25 1.24 1.67 1.48 0.66
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 146 204 191 227 286 194 192 167 204 210
Total Depreciation and Amortization (D&A)		 4.11 3.87 3.84 3.78 3.76 3.75 3.74 3.65 2.10 1.95
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.83 $0.83 $0.71 $0.75 $0.73 $0.72 $0.64 $0.69 $0.71 $0.79
Adjusted Weighted Average Basic Shares Outstanding		 29.49M 29.49M 29.57M 29.57M 29.58M 29.58M 29.67M 29.68M 29.68M 37.42M
Adjusted Diluted Earnings per Share		 $0.83 $0.83 $0.71 $0.75 $0.73 $0.72 $0.64 $0.69 $0.71 $0.79
Adjusted Weighted Average Diluted Shares Outstanding		 29.49M 29.49M 29.57M 29.57M 29.58M 29.58M 29.67M 29.68M 29.68M 37.42M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 29.49M 29.49M 29.57M 29.57M 29.58M 29.58M 29.67M 29.68M 29.68M 37.42M
Normalized Net Operating Profit after Tax (NOPAT)		 25 24 21 22 21 22 19 21 21 23
Normalized NOPAT Margin		 37.38% 36.97% 32.52% 35.03% 34.40% 35.14% 31.28% 31.64% 33.73% 35.63%
Pre Tax Income Margin		 46.70% 45.32% 39.48% 42.56% 41.76% 41.61% 38.11% 40.98% 41.10% 44.03%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 6.37 3.53 2.20 1.76 1.44 1.19 1.00 1.04 0.98 1.12
NOPAT to Interest Expense		 5.10 2.88 1.81 1.45 1.19 1.00 0.82 0.80 0.81 0.91
EBIT Less CapEx to Interest Expense		 6.14 3.35 2.03 1.59 1.38 1.18 0.94 0.97 0.93 1.10
NOPAT Less CapEx to Interest Expense		 4.87 2.69 1.65 1.28 1.13 0.99 0.76 0.74 0.75 0.88
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 33.67% 33.02% 29.52% 30.70% 32.47% 34.27% 35.71% 37.13% 38.05% 38.00%
Augmented Payout Ratio		 33.67% 33.02% 29.52% 30.70% 32.47% 34.27% 35.71% 37.13% 38.05% 38.00%

Financials Breakdown Chart

Key Financial Trends

German American Bancorp (NASDAQ: GABC) has demonstrated steady financial growth over the past two years through the end of Q4 2024, supported by increasing net interest income and strong operating cash flows.

Key positive trends observed:

  • Net Interest Income increased consistently—from approximately $49 million in Q1 2023 to over $51 million by Q4 2024, driven primarily by growth in Loans and Leases Interest Income.
  • Net Income attributable to common shareholders grew steadily from about $20.8 million in Q1 2023 to $23.2 million in Q4 2024, indicating improving profitability.
  • Basic and diluted earnings per share rose steadily, reaching $0.79 in Q4 2024, up from approximately $0.64-$0.71 in 2023 quarters, reflecting strong shareholder returns growth.
  • Operating cash flow remained robust, with net cash from continuing operating activities ranging from $18.7 million in Q2 2024 to $28.7 million in Q4 2024, highlighting strong cash generation capability.
  • Total assets increased moderately from about $5.99 billion in Q1 2023 to $6.26 billion by Q3 2024, reflecting controlled asset growth mainly in loans and securities.
  • Deposits showed a healthy increase, driving higher interest-bearing liabilities but also supporting loan growth and revenue expansion.
  • The allowance for loan and lease losses has remained stable relative to total loans, indicating prudent credit risk management during modest loan growth.
  • Consistent dividend payments were maintained with a slight increase from $0.25 per share in 2023 to $0.27 per share as of Q3 2024, signaling shareholder-friendly policies.

Neutral observations:

  • Provision for credit losses was steady at around $0.6 million per quarter, a cautious approach given current economic conditions.
  • Amortization and depreciation expenses showed slight fluctuations but remained well-controlled, contributing marginally to operating expenses.

Areas of concern or negative trends to monitor:

  • Interest expense on deposits and long-term debt increased slightly over the periods, from approximately $11.5 million in Q1 2023 to over $25.5 million in Q4 2024, pressuring net interest margins.
  • Non-interest expenses, including salaries, occupancy, and other operating costs, also increased modestly, from around $36.6 million in Q1 2023 to $35.8 million in Q4 2024 but balancing efficiency is important.
  • Total equity rose modestly but the accumulated other comprehensive income/loss position remains significantly negative, which may signal potential valuation adjustments or risk to equity cushions.
  • Net cash from investing activities was negative consistently due to the purchase of investment securities exceeding sales, indicating capital deployment that will require monitoring for returns.

Summary: German American Bancorp has maintained a strong and steady growth trajectory in key earnings and operating cash flow measures. The company has grown its loan portfolio, revenues, and profitability while maintaining prudent credit loss provisions. Rising interest expenses and non-interest operating costs require attention to preserve margins. The bank's continued dividend payments reflect financial health and shareholder value focus. Overall, German American Bancorp appears financially sound with positive momentum going into 2025, but investors should keep an eye on expense trends and the balance sheet composition.

10/06/25 03:35 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About German American Bancorp's Financials

When does German American Bancorp's fiscal year end?

According to the most recent income statement we have on file, German American Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has German American Bancorp's net income changed over the last 10 years?

German American Bancorp's net income appears to be on an upward trend, with a most recent value of $83.81 million in 2024, rising from $28.34 million in 2014. The previous period was $85.89 million in 2023. View German American Bancorp's forecast to see where analysts expect German American Bancorp to go next.

How has German American Bancorp's revenue changed over the last 10 years?

Over the last 10 years, German American Bancorp's total revenue changed from $98.28 million in 2014 to $253.25 million in 2024, a change of 157.7%.

How much debt does German American Bancorp have?

German American Bancorp's total liabilities were at $5.58 billion at the end of 2024, a 1.7% increase from 2023, and a 177.9% increase since 2014.

How much cash does German American Bancorp have?

In the past 10 years, German American Bancorp's cash and equivalents has ranged from $42.45 million in 2014 to $396.89 million in 2021, and is currently $188.79 million as of their latest financial filing in 2024.

How has German American Bancorp's book value per share changed over the last 10 years?

Over the last 10 years, German American Bancorp's book value per share changed from 17.32 in 2014 to 24.09 in 2024, a change of 39.1%.


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This page (NASDAQ:GABC) was last updated on 10/6/2025 by MarketBeat.com Staff
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