GABC Research | Milton Maxwell

GABC

German American Bancorp, Inc.

41.23

-0.46-1.1%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

1.55B

P/E (TTM)

14.27

Basic EPS (TTM)

2.89

Dividend Yield

0.03%

Recent Filings

8-K

2026 exec incentive plan approved

3/5/26Mar 5, 2026

German American Bancorp's board approved the 2026 Management Incentive Plan on March 2 for its five named executives, tying short-term cash bonuses (up to 96.25% of CEO base salary) to 2026 core EPS growth, efficiency, deposit/loan growth, and asset quality—80% corporate, 20% individual. Long-term awards, paid in restricted stock vesting 2027-2029, hinge on three-year ROE/ROTE, ROA, and EPS growth versus peers. Payouts require 2026 net income trigger. Targets challenge yet attainable.

10-K

FY2025 results

2/27/26Feb 27, 2026

German American Bancorp drove FY2025 net income to $113M ($3.06/share), up 8% y/y per share, fueled by the February Heartland acquisition that added $1.7B loans (42% annualized growth) and boosted net interest income 54% to $294M with margin expansion to 4.02% from reinvested securities and lower deposit costs. Q4 momentum shone through organic loan growth excluding acquisition, stable net charge-offs at 5bps of average loans, and non-performing assets at 0.50% despite Heartland add-on. Core deposits swelled 26% averaging $6B (84% of funding), while capex stayed modest and no buybacks occurred under the 1M share plan. Year-end debt stood at $187M (FHLB advances, junior debentures); liquidity robust with $619M FHLB and $749M Fed capacity. No 2026 guidance disclosed. CRE concentrations loom large at 54% of loans.

8-K

GABC shares Q4 results

2/10/26Feb 10, 2026

German American Bancorp executives host investor meetings at the KBW Winter Financial Services Conference on February 12, 2026, sharing Q4 2025 slides. Assets hit $8.4B with loans at $5.9B; net income soared to $130M, EPS $3.52. Strong growth persists. Non-GAAP metrics exclude merger costs.

8-K

Record Q4 earnings, dividend up 7%

1/26/26Jan 26, 2026

German American Bancorp posted record Q4 2025 net income of $35.7M ($0.95/share), up 1% linked quarter, with NIM expanding to 4.13% and loans surging 7% annualized. Board hiked the cash dividend 7% to $0.31/share, payable February 20. Heartland integration rolls smoothly, yet non-performers ticked to 0.35%. Solid capital fuels returns.

8-K

Redeems $40M notes early

11/18/25Nov 18, 2025

German American Bancorp notified holders on November 18, 2025, of its plan to fully redeem $40.0 million in 4.50% Fixed-to-Floating Rate Subordinated Notes due 2029 on December 30, 2025, at 100% of principal plus ~$702,026 accrued interest. The move clears this debt early under the 2019 indenture. Redemption simplifies the balance sheet.

About

German American Bancorp, Inc. operates as a financial holding company for German American Bank that provides retail and commercial banking, and health management services. The company operates through Core Banking, and Trust and Investment Advisory Services segments. The Core Banking segment accepts deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market. The Wealth Management segment provides trust, investment advisory, brokerage, and retirement planning services. It also offers demand deposits, savings, interest-bearing checking, money market accounts, and certificates of deposit; home equity and credit card loans; and wealth advisory and trust services. German American Bancorp, Inc. was founded in 1910 and is based in Jasper, Indiana.

CEO

Mr. D. Neil Dauby CPA

IPO

5/21/1993

Website

https://www.germanamerican.com

Employees

1,020

Sector

Financial Services

Industry

Banks - Regional