GABCNasdaqState Commercial BanksFiscal year ends December 31
GERMAN AMERICAN BANCORP, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$49.61−0.32 (-0.64%)
Close on Oct 19, 2026
- Market cap
- $1.86B
- P/E (TTM)
- 13.1
- Dividend yield
- 2.34%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
23.1%−6.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +37.8% | +20.6% | +18.4% | +16.8% | |
| Net income | +34.4% | +11.2% | +12.6% | +14.1% | |
| EPS, diluted | +8.1% | +3.3% | +5.5% | +7.3% | |
| Free cash flow | +69.8% | +14.7% | +12.5% | +17.9% | |
| Dividend per share | +7.4% | +8.0% | +8.8% | +9.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 12.1% | 10.4% | 12.0% | |
| Return on assets | 1.3% | 1.3% | 1.5% | |
| Capex to revenue | 4.1% | 3.4% | 1.1% | |
| Diluted shares | 22M | 27M | 37M |
Where the cash went
Fiscal 2021 to 2025, five years combined
German American Bancorp generated $573.19M from operations and spent $182.44M on capital expenditure, dividends and share buybacks. 16% of that went back into the business.
Generated
$573.19M
Used
$182.44M
Capital expenditure$28.65M16%Dividends$153.80M84%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin23.1%
×Asset turnover0.07×
×Equity multiplier7.82×
=Return on equity, FY202512.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 23.1% | 0.07× | 7.82× | 12.0% |
| FY2024 | 23.7% | 0.06× | 9.03× | 12.2% |
| FY2023 | 27.1% | 0.05× | 10.07× | 14.1% |
| FY2022 | 29.4% | 0.05× | 9.59× | 13.3% |
| FY2021 | 38.2% | 0.04× | 8.19× | 13.0% |
| FY2020 | 29.7% | 0.04× | 7.82× | 10.4% |
| FY2019 | 31.1% | 0.05× | 8.06× | 11.5% |
| FY2018 | 30.7% | 0.04× | 8.59× | 11.3% |
| FY2017 | 30.9% | 0.04× | 8.78× | 11.7% |
| FY2016 | 27.7% | 0.05× | 9.15× | 12.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$112.64M
- Cash generatingOperating cash flow above zero$159.32M
- Return on assets improvedROA up on the prior year1.4% → 1.8%
- Earnings backed by cashOperating cash flow above net income$159.32M vs $112.64M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise30M → 37M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.06 → 0.08