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German American Bancorp (GABC) Financials

German American Bancorp logo
$49.69 -0.81 (-1.60%)
As of 04:00 PM Eastern
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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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 21 22 19 21 21 23 11 31 35 33 38
Consolidated Net Income / (Loss)		 21 22 19 21 21 23 11 31 35 33 38
Net Income / (Loss) Continuing Operations		 21 22 19 21 21 23 11 31 35 33 38
Total Pre-Tax Income 		26 25 23 27 26 29 13 39 44 42 48
Total Revenue		 62 61 61 65 62 65 81 90 94 96 100
Net Interest Income / (Expense)		 48 46 45 46 49 51 67 73 76 79 81
Total Interest Income		 66 67 68 72 75 77 96 106 108 106 108
Loans and Leases Interest Income		 55 56 58 59 61 62 82 90 93 92 94
Investment Securities Interest Income		 10 10 10 9.96 11 12 12 13 13 13 13
Federal Funds Sold and Securities Borrowed Interest Income		 0.20 0.47 0.30 2.38 2.22 2.79 2.22 3.93 2.08 0.31 1.19
Total Interest Expense		 18 21 23 26 26 26 30 33 32 27 27
Deposits Interest Expense		 16 19 21 23 23 23 27 31 29 25 25
Long-Term Debt Interest Expense		 2.51 2.39 2.28 2.22 2.68 2.65 2.62 2.65 2.96 2.16 1.80
Total Non-Interest Income		 15 16 16 19 14 14 15 17 18 17 19
Other Service Charges		 1.27 27 15 1.21 13 13 1.59 15 17 15 17
Net Realized & Unrealized Capital Gains on Investments		 0.61 0.53 0.79 4.40 0.77 0.63 0.93 1.28 1.19 1.48 1.55
Other Non-Interest Income		 13 -12 0.44 13 0.48 0.62 12 0.70 0.63 0.64 0.67
Provision for Credit Losses		 0.90 - 0.90 0.63 0.63 0.63 15 1.20 0.70 2.00 1.50
Total Non-Interest Expense		 35 36 37 38 36 36 53 50 50 52 50
Salaries and Employee Benefits		 20 21 21 21 20 20 28 27 25 28 27
Net Occupancy & Equipment Expense		 6.41 6.35 6.62 6.51 7.04 7.03 10 8.84 9.43 9.60 9.54
Marketing Expense		 1.28 1.15 1.14 0.91 0.94 0.95 1.45 1.30 1.32 1.62 1.24
Property & Liability Insurance Claims		 0.70 0.70 0.73 0.71 0.76 0.71 0.90 0.89 1.06 1.00 0.94
Other Operating Expenses		 6.00 5.95 6.50 8.06 7.19 6.30 10 9.05 9.75 9.36 9.17
Amortization Expense		 0.69 0.64 0.58 0.53 0.48 0.44 2.07 2.80 2.69 2.47 2.36
Income Tax Expense		 4.59 3.96 4.16 6.07 4.60 5.47 2.81 7.81 8.68 8.56 9.90
Basic Earnings per Share		 $0.73 $0.72 $0.64 $0.69 $0.71 $0.79 $0.30 $0.84 $0.94 $0.88 $1.02
Weighted Average Basic Shares Outstanding		 29.58M 29.58M 29.67M 29.68M 29.68M 37.42M 37.48M 37.49M 37.49M 37.56M 37.58M
Diluted Earnings per Share		 $0.73 $0.72 $0.64 $0.69 $0.71 $0.79 $0.30 $0.84 $0.94 $0.88 $1.02
Weighted Average Diluted Shares Outstanding		 29.58M 29.58M 29.67M 29.68M 29.68M 37.42M 37.48M 37.49M 37.49M 37.56M 37.58M
Weighted Average Basic & Diluted Shares Outstanding		 29.58M 29.58M 29.67M 29.68M 29.68M 37.42M 37.48M 37.49M 37.49M 37.56M 37.58M

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -8.25 -15 8.14 206 -134 -6.76 253 -242 56 5.55 -30
Net Cash From Operating Activities		 24 30 24 19 25 29 38 27 52 37 58
Net Cash From Continuing Operating Activities		 24 30 24 19 25 29 38 27 52 37 58
Net Income / (Loss) Continuing Operations		 21 22 19 21 21 23 11 31 35 33 38
Consolidated Net Income / (Loss)		 21 22 19 21 21 23 11 31 35 33 38
Provision For Loan Losses		 0.90 - 0.90 0.63 0.63 0.63 15 1.20 0.70 2.00 1.50
Depreciation Expense		 2.37 2.35 2.34 2.33 2.30 2.32 3.75 4.80 5.16 4.88 4.77
Amortization Expense		 1.39 1.40 1.40 1.32 -0.20 -0.37 -0.43 -0.47 -0.40 -0.44 -0.41
Non-Cash Adjustments to Reconcile Net Income		 1.16 1.29 -5.16 -6.00 6.60 1.90 2.09 -6.88 3.09 -8.11 9.42
Changes in Operating Assets and Liabilities, net		 -2.85 3.03 5.35 -0.10 -5.86 1.01 6.70 -3.11 8.17 5.57 4.66
Net Cash From Investing Activities		 -40 -62 28 126 -145 -91 211 -100 -55 2.50 -91
Net Cash From Continuing Investing Activities		 -40 -62 28 126 -145 -91 211 -100 -55 2.50 -91
Purchase of Property, Leasehold Improvements and Equipment		 -1.03 -0.25 -1.24 -1.67 -1.48 -0.66 -1.25 -0.75 -1.66 -1.07 -2.85
Purchase of Investment Securities		 23 -82 -72 -120 -458 -75 -141 -263 -61 -176 -209
Sale and/or Maturity of Investments		 -62 16 101 248 314 -16 331 163 7.79 179 121
Net Cash From Financing Activities		 7.47 17 -44 61 -13 56 4.75 -169 59 -34 2.93
Net Cash From Continuing Financing Activities		 7.47 17 -44 61 -13 56 4.75 -169 59 -34 2.93
Net Change in Deposits		 -44 117 -34 94 -42 58 38 -143 60 -8.86 15
Issuance of Debt		 - - 23 25 25 - 0.00 - 25 -13 13
Repayment of Debt		 59 -92 -25 -50 12 5.86 -23 -15 -15 -0.07 -14
Payment of Dividends		 -7.36 -7.36 -7.96 -7.96 -7.96 -7.96 -11 -11 -11 -12 -12
Cash Interest Paid		 16 20 21 25 27 25 29 42 30 30 26
Cash Income Taxes Paid		 5.13 0.51 0.00 9.36 8.51 -0.05 0.00 11 3.92 0.00 18

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Total Assets		 2,374 2,956 3,144 3,929 4,398 4,978 5,609 6,156 6,152 6,296 8,389
Cash and Due from Banks		 52 65 70 97 104 346 397 117 115 189 118
Interest Bearing Deposits at Other Banks		 - - 0.00 0.25 1.99 1.24 0.75 0.50 0.50 0.50 0.50
Trading Account Securities		 638 710 741 813 855 1,218 1,890 1,762 1,597 1,517 1,657
Loans and Leases, Net of Allowance		 1,550 1,975 2,126 2,712 3,066 3,045 2,967 3,741 3,927 4,080 5,797
Loans and Leases		 1,564 1,990 2,142 2,728 3,082 3,092 3,008 3,789 3,978 4,133 5,884
Allowance for Loan and Lease Losses		 14 15 16 16 16 47 37 44 44 44 78
Loans Held for Sale		 11 15 6.72 4.26 18 17 11 8.60 5.23 8.24 7.82
Premises and Equipment, Net		 38 48 54 81 97 97 89 112 107 104 139
Goodwill		 21 54 54 104 121 122 122 180 180 179 375
Intangible Assets		 1.28 2.84 2.10 9.96 13 8.98 5.85 9.43 6.31 4.02 34
Other Assets		 63 86 90 109 128 127 127 225 214 214 259
Total Liabilities & Shareholders' Equity		 2,374 2,956 3,144 3,929 4,398 4,978 5,609 6,156 6,152 6,296 8,389
Total Liabilities		 2,121 2,626 2,780 3,470 3,824 4,353 4,940 5,598 5,489 5,581 7,226
Non-Interest Bearing Deposits		 465 572 606 716 833 1,183 1,529 1,692 1,493 1,399 1,945
Interest Bearing Deposits		 1,361 1,778 1,878 2,357 2,597 2,923 3,215 3,658 3,760 3,930 5,045
Other Short-Term Payables		 22 18 21 21 - 52 44 44 42 42 54
Long-Term Debt		 273 258 275 376 350 195 152 204 194 210 183
Total Equity & Noncontrolling Interests		 252 330 365 459 574 625 668 558 664 715 1,162
Total Preferred & Common Equity		 252 330 365 459 574 625 668 558 664 715 1,162
Total Common Equity		 252 330 365 459 574 625 668 558 664 715 1,162
Common Stock		 123 187 188 254 306 301 303 417 419 422 744
Retained Earnings		 125 150 179 211 253 288 350 405 462 514 583
Accumulated Other Comprehensive Income / (Loss)		 3.81 -6.40 -2.62 -7.10 15 35 15 -263 -217 -220 -165

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 5,997 6,053 6,006 6,112 6,217 6,261 8,420 8,280 8,401 8,382 8,440
Cash and Due from Banks		 80 141 132 123 329 196 442 200 256 124 94
Interest Bearing Deposits at Other Banks		 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50
Trading Account Securities		 1,670 1,601 1,477 1,539 1,374 1,548 1,563 1,572 1,618 1,667 1,684
Loans and Leases, Net of Allowance		 3,725 3,782 3,843 3,928 3,993 4,017 5,571 5,664 5,702 5,771 5,853
Loans and Leases		 3,769 3,830 3,894 3,979 4,044 4,069 5,655 5,748 5,788 5,859 5,941
Allowance for Loan and Lease Losses		 44 44 45 44 44 44 75 76 76 79 79
Loans Held for Sale		 6.01 8.24 7.09 10 15 9.17 6.71 14 10 15 5.84
Premises and Equipment, Net		 112 113 111 106 106 105 141 139 140 137 138
Goodwill		 180 180 180 180 179 179 377 378 375 375 375
Intangible Assets		 8.57 7.77 7.02 5.67 5.07 4.52 42 39 36 31 29
Other Assets		 3,939 221 247 218 215 202 276 273 263 261 261
Total Liabilities & Shareholders' Equity		 5,997 6,053 6,006 6,112 6,217 6,261 8,420 8,280 8,401 8,382 8,440
Total Liabilities		 5,392 5,451 5,467 5,457 5,529 5,516 7,374 7,211 7,282 7,208 7,228
Non-Interest Bearing Deposits		 1,601 1,541 1,502 1,464 1,448 1,406 1,890 1,897 1,939 1,927 1,968
Interest Bearing Deposits		 3,554 3,639 3,634 3,755 3,865 3,865 5,208 5,058 5,076 5,054 5,028
Other Short-Term Payables		 - 44 45 46 49 41 59 54 56 58 64
Long-Term Debt		 191 227 286 192 167 204 217 202 211 169 169
Total Equity & Noncontrolling Interests		 605 603 538 655 688 745 1,046 1,070 1,120 1,175 1,212
Total Preferred & Common Equity		 605 603 538 655 688 745 1,046 1,070 1,120 1,175 1,212
Total Common Equity		 605 603 538 655 688 745 1,046 1,070 1,120 1,175 1,212
Common Stock		 417 418 419 420 420 421 742 743 744 745 746
Retained Earnings		 419 433 447 473 485 498 513 534 558 605 631
Accumulated Other Comprehensive Income / (Loss)		 -230 -249 -328 -237 -218 -175 -210 -208 -182 -175 -165

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 37,491,797.00 37,564,316.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 37,491,797.00 37,564,316.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.88 1.02
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -5.22% -7.34% -4.94% 2.76% 0.05% 6.45% 33.87% 38.52% 50.90% 18.01% 11.20%
EBITDA Growth		 -14.46% -13.57% -7.48% -1.37% -6.89% 4.84% -38.14% 43.86% 74.89% 177.14% 20.50%
EBIT Growth		 -15.25% -14.93% -8.24% -1.05% -1.53% 12.62% -42.49% 47.29% 70.62% 212.90% 22.72%
NOPAT Growth		 -12.79% -11.91% -8.58% -7.20% -1.88% 7.92% -44.71% 52.76% 66.64% 215.22% 21.72%
Net Income Growth		 -12.79% -11.91% -8.58% -7.20% -1.88% 7.92% -44.71% 52.76% 66.64% 215.22% 21.72%
EPS Growth		 -12.05% -13.25% -9.86% -8.00% -2.74% 9.72% -53.13% 21.74% 32.39% 193.33% 21.43%
Operating Cash Flow Growth		 -24.11% 7.38% -24.19% -14.08% 0.38% -2.99% 59.01% 43.87% 111.36% -2.33% 115.91%
Free Cash Flow Firm Growth		 -173.69% -189.05% -207.01% 95.61% 36.53% 39.70% -1,179.27% -9,825.66% -236.57% 88.13% 81.62%
Invested Capital Growth		 28.70% 12.50% 6.36% 2.94% 15.05% 7.90% 49.05% 48.81% 40.27% 6.43% 8.58%
Revenue Q/Q Growth		 -1.25% -1.86% -0.63% 6.71% -3.85% 4.41% 24.97% 10.41% 4.75% 0.00% 4.04%
EBITDA Q/Q Growth		 -2.82% -1.94% -7.87% 12.34% -8.26% 10.41% -45.64% 161.27% 11.52% 0.00% 13.60%
EBIT Q/Q Growth		 -3.11% -2.21% -8.99% 14.74% -3.58% 11.85% -53.52% 193.86% 11.70% 0.00% 15.26%
NOPAT Q/Q Growth		 -3.04% 0.26% -11.55% 7.93% 2.52% 10.28% -54.69% 198.19% 11.84% 0.00% 15.14%
Net Income Q/Q Growth		 -3.04% 0.26% -11.55% 7.93% 2.52% 10.28% -54.69% 198.19% 11.84% 0.00% 15.14%
EPS Q/Q Growth		 -2.67% -1.37% -11.11% 7.81% 2.90% 11.27% -62.03% 180.00% 11.90% 0.00% 15.91%
Operating Cash Flow Q/Q Growth		 12.13% 21.14% -19.35% -21.57% 31.00% 17.07% 32.19% -29.03% 92.46% 0.00% 56.88%
Free Cash Flow Firm Q/Q Growth		 -83.29% 54.57% 57.10% 87.73% -2,552.68% 56.84% -810.28% 4.76% 10.05% 0.00% -47.42%
Invested Capital Q/Q Growth		 -0.66% 3.99% -1.22% 0.87% 11.03% -2.48% 36.47% 0.71% 4.66% 0.00% 2.74%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 47.78% 47.74% 44.26% 46.60% 44.46% 47.02% 20.45% 48.40% 51.53% 48.03% 52.45%
EBIT Margin		 41.76% 41.61% 38.11% 40.98% 41.10% 44.03% 16.37% 43.58% 46.47% 43.41% 48.09%
Profit (Net Income) Margin		 34.40% 35.14% 31.28% 31.64% 33.73% 35.63% 12.92% 34.89% 37.25% 34.51% 38.19%
Tax Burden Percent		 82.37% 84.45% 82.07% 77.20% 82.08% 80.93% 78.90% 80.06% 80.16% 79.48% 79.41%
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		 17.63% 15.55% 17.93% 22.81% 17.92% 19.07% 21.10% 19.94% 19.84% 20.52% 20.59%
Return on Invested Capital (ROIC)		 12.00% 10.88% 9.42% 9.36% 9.49% 10.12% 3.35% 9.81% 10.81% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.00% 10.88% 9.42% 9.36% 9.49% 10.12% 3.35% 9.81% 10.81% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 5.02% 3.54% 2.86% 2.86% 3.63% 2.97% 0.81% 2.06% 2.41% 0.00% 0.00%
Return on Equity (ROE)		 17.02% 14.42% 12.28% 12.22% 13.11% 13.09% 4.16% 11.87% 13.21% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 -12.98% -1.16% 4.07% 6.90% -4.74% 1.81% -32.25% -31.13% -24.73% -6.23% -8.22%
Operating Return on Assets (OROA)		 1.74% 1.70% 1.56% 1.67% 1.67% 1.79% 0.62% 1.80% 2.10% 0.00% 0.00%
Return on Assets (ROA)		 1.43% 1.43% 1.28% 1.29% 1.37% 1.45% 0.49% 1.44% 1.68% 0.00% 0.00%
Return on Common Equity (ROCE)		 17.02% 14.42% 12.28% 12.22% 13.11% 13.09% 4.16% 11.87% 13.21% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 16.49% 0.00% 12.84% 12.00% 11.03% 0.00% 7.20% 8.05% 8.95% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 21 22 19 21 21 23 11 31 35 33 38
NOPAT Margin		 34.40% 35.14% 31.28% 31.64% 33.73% 35.63% 12.92% 34.89% 37.25% 34.51% 38.19%
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		 44.95% 46.48% 47.57% 43.72% 44.39% 43.57% 48.71% 40.91% 38.44% 41.15% 37.94%
Operating Expenses to Revenue		 56.80% 58.39% 60.41% 58.05% 57.90% 55.01% 64.83% 55.09% 52.79% 54.51% 50.41%
Earnings before Interest and Taxes (EBIT)		 26 25 23 27 26 29 13 39 44 42 48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 30 29 27 30 28 31 17 44 49 46 52
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.43 1.39 1.54 1.51 1.54 1.66 1.33 1.35 1.31 1.33 1.47
Price to Tangible Book Value (P/TBV)		 2.19 1.94 2.15 2.07 2.04 2.23 2.22 2.21 2.08 2.04 2.21
Price to Revenue (P/Rev)		 3.01 3.68 4.07 4.18 4.59 4.68 5.09 4.83 4.45 0.00 0.00
Price to Earnings (P/E)		 8.68 10.75 11.99 12.62 13.92 14.14 18.50 16.76 14.70 0.00 0.00
Dividend Yield		 3.76% 3.20% 2.99% 2.96% 2.75% 2.70% 2.96% 2.91% 2.90% 2.82% 2.53%
Earnings Yield		 11.53% 9.30% 8.34% 7.92% 7.18% 7.07% 5.41% 5.97% 6.80% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.12 1.17 1.27 1.03 1.21 1.30 0.92 1.14 1.07 1.20 1.35
Enterprise Value to Revenue (EV/Rev)		 3.61 3.99 4.35 3.52 4.62 4.76 4.26 4.83 4.32 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 7.49 8.43 9.23 7.56 10.09 10.44 11.08 12.19 10.24 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 8.54 9.66 10.60 8.67 11.41 11.58 12.38 13.52 11.42 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 10.40 11.66 12.80 10.64 14.02 14.39 15.49 16.77 14.25 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.78 9.34 10.81 9.09 11.91 12.59 10.62 12.24 9.82 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 32.21 15.11 0.00 74.86 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.53 0.29 0.29 0.24 0.27 0.29 0.21 0.19 0.19 0.14 0.14
Long-Term Debt to Equity		 0.53 0.29 0.29 0.24 0.27 0.29 0.21 0.19 0.19 0.14 0.14
Financial Leverage		 0.42 0.33 0.30 0.31 0.38 0.29 0.24 0.21 0.22 0.17 0.16
Leverage Ratio		 11.87 10.07 9.61 9.51 9.56 9.03 8.54 8.25 7.86 7.57 7.33
Compound Leverage Factor		 11.87 10.07 9.61 9.51 9.56 9.03 8.54 8.25 7.86 7.57 7.33
Debt to Total Capital		 34.71% 22.62% 22.64% 19.50% 21.52% 22.71% 17.15% 15.89% 15.86% 12.59% 12.24%
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		 34.71% 22.62% 22.64% 19.50% 21.52% 22.71% 17.15% 15.89% 15.86% 12.59% 12.24%
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		 65.29% 77.38% 77.36% 80.50% 78.48% 77.29% 82.85% 84.11% 84.14% 87.41% 87.76%
Debt to EBITDA		 2.32 1.63 1.65 1.43 1.79 1.82 2.06 1.70 1.51 0.00 0.00
Net Debt to EBITDA		 1.24 0.66 0.58 -1.40 0.07 0.18 -2.15 0.01 -0.32 0.00 0.00
Long-Term Debt to EBITDA		 2.32 1.63 1.65 1.43 1.79 1.82 2.06 1.70 1.51 0.00 0.00
Debt to NOPAT		 3.22 2.26 2.28 2.02 2.49 2.51 2.88 2.35 2.11 0.00 0.00
Net Debt to NOPAT		 1.73 0.91 0.81 -1.98 0.10 0.25 -3.00 0.02 -0.45 0.00 0.00
Long-Term Debt to NOPAT		 3.22 2.26 2.28 2.02 2.49 2.51 2.88 2.35 2.11 0.00 0.00
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)		 -162 -74 -32 -3.89 -103 -44 -405 -386 -347 -48 -71
Operating Cash Flow to CapEx		 2,363.60% 11,926.21% 1,926.74% 1,119.63% 1,653.78% 4,373.93% 3,026.98% 3,584.02% 3,124.43% 3,475.05% 2,037.62%
Free Cash Flow to Firm to Interest Expense		 -8.98 -3.45 -1.36 -0.15 -3.96 -1.74 -13.66 -11.59 -10.72 -1.79 -2.63
Operating Cash Flow to Interest Expense		 1.35 1.38 1.03 0.73 0.94 1.12 1.28 0.81 1.60 1.38 2.15
Operating Cash Flow Less CapEx to Interest Expense		 1.29 1.37 0.97 0.67 0.88 1.10 1.24 0.79 1.55 1.34 2.05
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.05 0.00 0.00
Fixed Asset Turnover		 2.30 2.29 2.27 2.28 2.30 2.40 2.21 2.44 2.70 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 825 857 847 854 949 925 1,263 1,272 1,331 1,344 1,381
Invested Capital Turnover		 0.35 0.31 0.30 0.30 0.28 0.28 0.26 0.28 0.29 0.00 0.00
Increase / (Decrease) in Invested Capital		 184 95 51 24 124 68 416 417 382 81 109
Enterprise Value (EV)		 924 1,001 1,076 878 1,151 1,206 1,167 1,445 1,427 1,612 1,857
Market Capitalization		 770 923 1,009 1,041 1,143 1,185 1,393 1,443 1,472 1,567 1,783
Book Value per Share		 $18.21 $22.44 $22.09 $23.19 $25.09 $24.09 $27.95 $28.53 $29.86 $31.27 $32.25
Tangible Book Value per Share		 $11.87 $16.12 $15.82 $16.98 $18.90 $17.93 $16.77 $17.40 $18.89 $20.44 $21.49
Total Capital		 825 857 847 854 949 925 1,263 1,272 1,331 1,344 1,381
Total Debt		 286 194 192 167 204 210 217 202 211 169 169
Total Long-Term Debt		 286 194 192 167 204 210 217 202 211 169 169
Net Debt		 153 78 68 -163 8.10 21 -226 1.39 -45 45 74
Capital Expenditures (CapEx)		 1.03 0.25 1.24 1.67 1.48 0.66 1.25 0.75 1.66 1.07 2.85
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)		 286 194 192 167 204 210 217 202 211 169 169
Total Depreciation and Amortization (D&A)		 3.76 3.75 3.74 3.65 2.10 1.95 3.32 4.34 4.77 4.44 4.36
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.73 $0.72 $0.64 $0.69 $0.71 $0.79 $0.30 $0.84 $0.94 $0.88 $1.02
Adjusted Weighted Average Basic Shares Outstanding		 29.58M 29.58M 29.67M 29.68M 29.68M 37.42M 37.48M 37.49M 37.49M 37.56M 37.58M
Adjusted Diluted Earnings per Share		 $0.73 $0.72 $0.64 $0.69 $0.71 $0.79 $0.30 $0.84 $0.94 $0.88 $1.02
Adjusted Weighted Average Diluted Shares Outstanding		 29.58M 29.58M 29.67M 29.68M 29.68M 37.42M 37.48M 37.49M 37.49M 37.56M 37.58M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 29.58M 29.58M 29.67M 29.68M 29.68M 37.42M 37.48M 37.49M 37.49M 37.56M 37.58M
Normalized Net Operating Profit after Tax (NOPAT)		 21 22 19 21 21 23 11 31 35 33 38
Normalized NOPAT Margin		 34.40% 35.14% 31.28% 31.64% 33.73% 35.63% 12.92% 34.89% 37.25% 34.51% 38.19%
Pre Tax Income Margin		 41.76% 41.61% 38.11% 40.98% 41.10% 44.03% 16.37% 43.58% 46.47% 43.41% 48.09%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.44 1.19 1.00 1.04 0.98 1.12 0.45 1.18 1.35 1.55 1.78
NOPAT to Interest Expense		 1.19 1.00 0.82 0.80 0.81 0.91 0.35 0.94 1.08 1.23 1.42
EBIT Less CapEx to Interest Expense		 1.38 1.18 0.94 0.97 0.93 1.10 0.41 1.15 1.30 1.51 1.68
NOPAT Less CapEx to Interest Expense		 1.13 0.99 0.76 0.74 0.75 0.88 0.31 0.92 1.03 1.19 1.31
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 32.47% 34.27% 35.71% 37.13% 38.05% 38.00% 46.08% 43.60% 40.35% 0.00% 0.00%
Augmented Payout Ratio		 32.47% 34.27% 35.71% 37.13% 38.05% 38.00% 46.08% 43.60% 40.35% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

German American Bancorp (NASDAQ:GABC) has expanded materially since 2023, while recent results show stronger profitability but tighter liquidity and elevated operating costs. The company’s total assets increased from approximately $6.0 billion in the third quarter of 2023 to $8.4 billion in the first quarter of 2026. Over the same period, net loans and leases grew from $3.8 billion to $5.8 billion, and total common equity rose from $605.3 million to $1.2 billion.

Profitability improved sharply in the latest quarter. First-quarter 2026 net income was $33.2 million, or $0.88 per diluted share, compared with $10.5 million and $0.30 per share in the restated first quarter of 2025. However, the comparison benefits from the unusually weak 2025 period, which included a $15.3 million credit-loss provision. Compared with the third quarter of 2025, first-quarter 2026 net income declined from $35.1 million, while diluted EPS fell from $0.94.

Revenue growth has been led by net interest income. Net interest income rose to $78.9 million in the first quarter of 2026 from $66.6 million in the first quarter of 2025 and $45.0 million in the first quarter of 2024. Total revenue reached $96.1 million, although total interest expense remained significant at $26.9 million, including $24.7 million of deposit interest expense.

Cash generation remained positive from operations, with $37.0 million of operating cash flow in the first quarter of 2026. Nevertheless, investing and financing activity produced a combined cash outflow, including $8.9 million of net deposit outflows, $13.5 million of net debt-related outflows and $11.6 million of dividend payments. The result was a modest $5.5 million increase in cash and equivalents during the quarter.

  • Strong earnings recovery: First-quarter 2026 net income increased to $33.2 million from $10.5 million in the comparable 2025 quarter, while diluted EPS improved to $0.88 from $0.30.
  • Expanding net interest income: Net interest income has risen from $45.0 million in Q1 2024 to $78.9 million in Q1 2026, supported by higher loan balances and interest income.
  • Loan and deposit growth: Net loans increased to $5.8 billion and total deposits reached approximately $7.0 billion in Q1 2026, both substantially above 2023 levels.
  • Lower credit-loss provision than the prior-year period: The Q1 2026 provision for credit losses was $2.0 million, compared with $15.3 million in Q1 2025, providing a meaningful lift to pretax earnings.
  • Improved capital position: Total common equity increased to $1.17 billion from $605.3 million in Q3 2023. Accumulated other comprehensive losses also narrowed to $174.7 million from $327.6 million.
  • Positive operating cash flow: GABC generated $37.0 million of cash from operating activities in Q1 2026, exceeding quarterly dividend payments and capital expenditures.
  • Large securities portfolio: Trading account securities totaled approximately $1.67 billion, or about one-fifth of total assets. This provides balance-sheet liquidity but also exposes results and capital to changes in market values and interest rates.
  • Dividend growth: The quarterly common dividend increased to $0.31 per share in Q1 2026 from $0.25 in Q1 2023, although the dividend consumed approximately $11.6 million of cash during the latest quarter.
  • Cash balances have fallen: Cash and due from banks declined to $123.9 million in Q1 2026 from $442.3 million in Q1 2025 and $195.6 million in Q3 2024. The bank’s securities portfolio and other funding sources remain important to liquidity.
  • Operating expenses remain elevated: Non-interest expense increased to $52.4 million in Q1 2026 from $49.7 million in Q3 2025, with salaries and employee benefits rising to $28.3 million. Continued expense growth could limit the benefit of higher revenue.

Overall, GABC’s multi-year trend is characterized by balance-sheet expansion, higher recurring net interest income and a stronger capital base. The main issues for investors to monitor are deposit stability, the direction of deposit funding costs, credit-loss provisions and whether operating expenses can be controlled as the company grows. The supplied statements include reported, calculated and restated periods, so comparisons should be viewed as directional rather than a substitute for the company’s full annual filings.

08/10/26 05:51 PM ETAI Generated. May Contain Errors.

German American Bancorp Financials - Frequently Asked Questions

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

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. See where experts think German American Bancorp is headed by visiting German American Bancorp's forecast page.

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%.

German American Bancorp's total liabilities were at $7.23 billion at the end of 2025, a 29.5% increase from 2024, and a 240.7% increase since 2015.

In the past 10 years, German American Bancorp's cash and equivalents has ranged from $52.01 million in 2015 to $396.89 million in 2021, and is currently $118.38 million as of their latest financial filing in 2025.

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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Financial statements for NASDAQ:GABC last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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