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%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
53.5%
20M of 38M shares
Institutional holders
188
21 new, 12 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
32 buys · 0 sales
Net bought $216.53K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 2,863,160 | 7.60% | 13G (passive) amendment | Jun 30, 2026 |
| Franklin Resources, Inc. | 1,880,546 | 5.00% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of GABC | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 2,995,249 | 7.97% | $142.15M | +288,780 | 0.00% |
| Franklin Resources Inc | 1,960,565 | 5.22% | $93.05M | +80,019 | 0.02% |
| Vanguard Capital Management LLC | 1,544,442 | 4.11% | $73.30M | +21,287 | 0.00% |
| Charles Schwab Investment Management Inc | 1,270,252 | 3.38% | $60.29M | +117,557 | 0.01% |
| Dimensional Fund Advisors LP | 1,265,181 | 3.37% | $60.04M | +45,223 | 0.01% |
| Geode Capital Management, LLC | 1,002,126 | 2.67% | $47.57M | +62,168 | 0.00% |
| State Street Corp | 988,330 | 2.63% | $46.89M | +69,267 | 0.00% |
| German American Bancorp, Inc. | 951,402 | 2.53% | $45.15M | −15,470 | 3.39% |
| Royce & Associates LP | 582,529 | 1.55% | $27.65M | +34,077 | 0.22% |
| Vanguard Portfolio Management LLC | 529,361 | 1.41% | $25.12M | +36,052 | 0.00% |
| Champlain Investment Partners, LLC | 520,662 | 1.39% | $24.71M | −105,785 | 0.63% |
| Raymond James Financial Inc | 466,091 | 1.24% | $22.12M | +1,622 | 0.01% |
| Goldman Sachs Group Inc | 457,314 | 1.22% | $21.70M | +10,926 | 0.00% |
| Northern Trust Corp | 350,082 | 0.93% | $16.61M | +25,639 | 0.00% |
| Manufacturers Life Insurance Company, The | 302,663 | 0.81% | $14.36M | −1,877 | 0.01% |
| Two Sigma Investments, LP | 290,716 | 0.77% | $13.80M | +86,334 | 0.01% |
| Aptus Capital Advisors, LLC | 274,011 | 0.73% | $13.00M | +1,653 | 0.09% |
| Russell Investments Group, Ltd. | 249,138 | 0.66% | $11.82M | −37,226 | 0.01% |
| Vanguard Fiduciary Trust Co | 246,941 | 0.66% | $11.72M | +5,690 | 0.00% |
| Bank of New York Mellon Corp | 219,969 | 0.59% | $10.44M | +12,018 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 188 | 20M | 53.5% | 21 / 74 | 51 / 12 | 1M | 1M |
| Q1 2026 | 182 | 20M | 52.8% | 20 / 68 | 53 / 19 | 4M | 1M |
| Q4 2025 | 184 | 20M | 52.2% | 22 / 65 | 50 / 11 | 1M | 1M |
| Q3 2025 | 173 | 19M | 50.9% | 19 / 56 | 46 / 12 | 1M | 1M |
| Q2 2025 | 166 | 19M | 51.4% | 14 / 62 | 46 / 17 | 2M | 1M |
| Q1 2025 | 171 | 19M | 49.4% | 29 / 65 | 47 / 17 | 3M | 1M |
| Q4 2024 | 161 | 16M | 43.3% | 29 / 59 | 38 / 3 | 1M | 1M |
| Q3 2024 | 136 | 16M | 42.3% | 23 / 42 | 37 / 6 | 4M | 1M |
| Q2 2024 | 120 | 15M | 39.8% | 11 / 45 | 32 / 11 | 1M | 1M |
| Q1 2024 | 121 | 15M | 39.3% | 13 / 41 | 42 / 11 | 1M | 1M |
| Q4 2023 | 120 | 14M | 37.4% | 14 / 42 | 43 / 7 | 1M | 1M |
| Q3 2023 | 114 | 14M | 36.8% | 9 / 55 | 30 / 7 | 1M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of GABC | Value | % of fund | As of |
|---|---|---|---|---|---|
| Franklin Small Cap Value Fund | 1,194,036 | 3.18% | $60.75M | 1.42% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 1,077,162 | 2.87% | $51.12M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,001,582 | 2.67% | $47.54M | 0.06% | Jun 30, 2026 |
| Schwab U.S. Dividend Equity ETF | 890,496 | 2.37% | $38.93M | 0.04% | May 31, 2026 |
| Vanguard Extended Market Index Fund | 432,210 | 1.15% | $20.51M | 0.02% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 408,262 | 1.09% | $20.77M | 0.06% | Jul 31, 2026 |
| Royce Small-Cap Total Return Fund | 402,324 | 1.07% | $19.09M | 2.01% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 361,108 | 0.96% | $17.14M | 0.12% | Jun 30, 2026 |
| Franklin Small Cap Value VIP Fund | 327,799 | 0.87% | $15.56M | 1.19% | Jun 30, 2026 |
| Opus Small Cap Value ETF | 289,714 | 0.77% | $14.74M | 2.09% | Jul 31, 2026 |
| Champlain Small Company Fund | 217,000 | 0.58% | $10.30M | 1.24% | Jun 30, 2026 |
| Vanguard Dividend Appreciation Index Fund | 212,453 | 0.57% | $10.81M | 0.01% | Jul 31, 2026 |
| U.S. Targeted Value Portfolio | 200,380 | 0.53% | $10.20M | 0.06% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 194,748 | 0.52% | $8.51M | 0.02% | May 31, 2026 |
| Vanguard Russell 2000 Index Fund | 186,366 | 0.50% | $8.15M | 0.05% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Bradley M. Rust | PRESIDENT & CFO | 101,318 | 0.27% | Mar 17, 2026 |
| Michael F. Beckwith | EVP - CHIEF BANKING OFFICER | 38,926 | 0.10% | Mar 17, 2026 |
| Amy D. Jackson | EVP, CHIEF ADMINISTRATIVE OFFI | 18,300 | 0.05% | Mar 17, 2026 |
| D. Neil Dauby | CHAIRMAN & CEO | 74,873 | 0.20% | Mar 17, 2026 |
| Warren Scott Powell | EVP CHIEF CREDIT OFFICER | 12,067 | 0.03% | Mar 6, 2026 |
| Vicki L. Schuler | SVP, PRINCIPAL ACCT OFF, CONTR | 14,991 | 0.04% | Mar 6, 2026 |
| Bradley C. Arnett | EVP, CHIEF LEGAL OFFICER | 10,572 | 0.03% | Mar 6, 2026 |
| Clay M. Barrett | EVP, CHIEF DIGITAL & INFO OFF | 11,320 | 0.03% | Mar 19, 2025 |
| Christina M. Ryan | Director | 19,733 | 0.05% | Sep 16, 2026 |
| Andrew M. Seger | Director | 146,384 | 0.39% | Sep 16, 2026 |
| Zachary W. Bawel | Director | 29,963 | 0.08% | Sep 16, 2026 |
| Jason M. Kelly | Director | 15,555 | 0.04% | Aug 18, 2026 |
| Ronnie R. Stokes | Director | 8,626 | 0.02% | Jul 17, 2026 |
| Tyson J. Wagler | Director | 14,227 | 0.04% | Jul 1, 2026 |
| M. Darren Root | Director | 21,145 | 0.06% | Jul 1, 2026 |
| Susan J. Ellspermann | Director | 13,053 | 0.03% | Jul 1, 2026 |
| Angela Curry | Director | 4,936 | 0.01% | Jul 1, 2026 |
| Marc D. Fine | Director | 45,916 | 0.12% | Jul 1, 2026 |
| Gregory Scott McComb | Director | 433,227 | 1.15% | Jul 1, 2026 |
| Jack Sheidler | Director | 66,930 | 0.18% | Apr 17, 2026 |
| Diane B. Medley | Director | 13,527 | 0.04% | Aug 5, 2025 |
| Thomas W. Seger | Director | 666,115 | 1.77% | Dec 17, 2024 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Andrew M. Seger Director | Sep 15, 2026 | Buy | +150.32 | $49.89 | $7.50K | 20,558 |
| Zachary W. Bawel Director | Sep 15, 2026 | Buy | +400.85 | $49.89 | $20.00K | 27,215 |
| Christina M. Ryan Director | Sep 15, 2026 | Buy | +124.27 | $49.89 | $6.20K | 19,733 |
| Christina M. Ryan Director | Aug 17, 2026 | Buy | +391.25 | $51.12 | $20.00K | 19,497 |
| Zachary W. Bawel Director | Aug 17, 2026 | Buy | +391.25 | $51.12 | $20.00K | 26,666 |
| Jason M. Kelly Director | Aug 17, 2026 | Buy | +48.91 | $51.12 | $2.50K | 15,555 |
| Andrew M. Seger Director | Aug 17, 2026 | Buy | +391.25 | $51.12 | $20.00K | 20,383 |
| Christina M. Ryan Director | Jul 16, 2026 | Buy | +418.08 | $47.84 | $20.00K | 19,106 |
| Jason M. Kelly Director | Jul 16, 2026 | Buy | +418.08 | $47.84 | $20.00K | 15,506 |
| Ronnie R. Stokes Director | Jul 16, 2026 | Buy | +313.56 | $47.84 | $15.00K | 8,626 |
| Zachary W. Bawel Director | Jul 16, 2026 | Buy | +418.08 | $47.84 | $20.00K | 26,275 |
| Andrew M. Seger Director | Jul 16, 2026 | Buy | +418.08 | $47.84 | $20.00K | 19,992 |
| Angela Curry Director | Jun 29, 2026 | Award | +1,168 | – | – | 4,936 |
| Ronnie R. Stokes Director | Jun 29, 2026 | Award | +1,168 | – | – | 8,310 |
| Susan J. Ellspermann Director | Jun 29, 2026 | Award | +1,168 | – | – | 13,053 |
| M. Darren Root Director | Jun 29, 2026 | Award | +1,168 | – | – | 18,895 |
| Christina M. Ryan Director | Jun 29, 2026 | Award | +1,168 | – | – | 18,688 |
| Zachary W. Bawel Director | Jun 29, 2026 | Award | +1,168 | – | – | 25,857 |
| Tyson J. Wagler Director | Jun 29, 2026 | Award | +1,168 | – | – | 2,466 |
| Jason M. Kelly Director | Jun 29, 2026 | Award | +1,168 | – | – | 14,998 |
| Andrew M. Seger Director | Jun 29, 2026 | Award | +1,168 | – | – | 19,574 |
| Gregory Scott McComb Director | Jun 29, 2026 | Award | +1,168 | – | – | 16,568 |
| Marc D. Fine Director | Jun 29, 2026 | Award | +1,168 | – | – | 4,865 |
| Zachary W. Bawel Director | Jun 15, 2026 | Buy | +21.95 | $45.55 | $1,000 | 24,689 |
| Andrew M. Seger Director | Jun 15, 2026 | Buy | +21.95 | $45.55 | $1,000 | 18,406 |
| Christina M. Ryan Director | Jun 15, 2026 | Buy | +21.95 | $45.55 | $1,000 | 17,520 |
| Susan J. Ellspermann Director | Jun 15, 2026 | Buy | +21.95 | $45.55 | $1,000 | 11,885 |
| Andrew M. Seger Director | May 15, 2026 | Buy | +23.9 | $41.84 | $1,000 | 18,368 |
| Jack Sheidler Director | Apr 15, 2026 | Buy | +25.24 | $43.58 | $1.10K | 66,930 |
| Zachary W. Bawel Director | Apr 15, 2026 | Buy | +22.95 | $43.58 | $1.00K | 24,508 |
| Andrew M. Seger Director | Mar 17, 2026 | Buy | +51.88 | $40.48 | $2.10K | 18,345 |
| Christina M. Ryan Director | Mar 17, 2026 | Buy | +49.41 | $40.84 | $2.02K | 17,382 |
| Jack Sheidler Director | Mar 17, 2026 | Buy | +24.7 | $40.84 | $1.01K | 66,905 |
| Susan J. Ellspermann Director | Mar 17, 2026 | Buy | +49.41 | $40.48 | $2.00K | 11,788 |
| Zachary W. Bawel Director | Mar 17, 2026 | Buy | +24.7 | $40.48 | $1,000 | 24,485 |
| Michael F. Beckwith EVP - CHIEF BANKING OFFICER | Mar 16, 2026 | Tax withholding | −509 | $40.07 | $20.40K | 23,220 |
| D. Neil Dauby CHAIRMAN & CEO | Mar 16, 2026 | Tax withholding | −1,637 | $40.07 | $65.59K | 74,873 |
| D. Neil Dauby CHAIRMAN & CEO | Mar 16, 2026 | Tax withholding | −1,417 | $40.07 | $56.78K | 71,623 |
| D. Neil Dauby CHAIRMAN & CEO | Mar 16, 2026 | Tax withholding | −1,833 | $40.07 | $73.45K | 73,040 |
| Amy D. Jackson EVP, CHIEF ADMINISTRATIVE OFFI | Mar 16, 2026 | Tax withholding | −623 | $40.07 | $24.96K | 18,300 |
| Amy D. Jackson EVP, CHIEF ADMINISTRATIVE OFFI | Mar 16, 2026 | Tax withholding | −474 | $40.07 | $18.99K | 17,826 |
| Amy D. Jackson EVP, CHIEF ADMINISTRATIVE OFFI | Mar 16, 2026 | Tax withholding | −530 | $40.07 | $21.24K | 18,923 |
| Bradley M. Rust PRESIDENT & CFO | Mar 16, 2026 | Tax withholding | −813 | $40.07 | $32.58K | 84,854 |
| Bradley M. Rust PRESIDENT & CFO | Mar 16, 2026 | Tax withholding | −576 | $40.07 | $23.08K | 84,278 |
| Bradley M. Rust PRESIDENT & CFO | Mar 16, 2026 | Tax withholding | −765 | $40.07 | $30.65K | 85,667 |
| Amy D. Jackson EVP, CHIEF ADMINISTRATIVE OFFI | Mar 4, 2026 | Award | +4,307 | – | – | 19,453 |
| D. Neil Dauby CHAIRMAN & CEO | Mar 4, 2026 | Award | +12,466 | – | – | 76,510 |
| Warren Scott Powell EVP CHIEF CREDIT OFFICER | Mar 4, 2026 | Award | +3,174 | – | – | 12,067 |
| Michael F. Beckwith EVP - CHIEF BANKING OFFICER | Mar 4, 2026 | Award | +4,647 | – | – | 23,729 |
| Bradley M. Rust PRESIDENT & CFO | Mar 4, 2026 | Award | +6,800 | – | – | 86,432 |
| Bradley C. Arnett EVP, CHIEF LEGAL OFFICER | Mar 4, 2026 | Award | +3,570 | – | – | 9,572 |
| Vicki L. Schuler SVP, PRINCIPAL ACCT OFF, CONTR | Mar 4, 2026 | Award | +684 | – | – | 13,663 |
| Andrew M. Seger Director | Feb 15, 2026 | Buy | +22.92 | $43.64 | $1.00K | 18,278 |
| Zachary W. Bawel Director | Jan 15, 2026 | Buy | +49.26 | $40.60 | $2.00K | 24,303 |
| Jack Sheidler Director | Jan 15, 2026 | Buy | +24.63 | $40.60 | $1,000 | 66,768 |
| Susan J. Ellspermann Director | Jan 15, 2026 | Buy | +24.63 | $40.60 | $1,000 | 11,664 |
| Christina M. Ryan Director | Dec 15, 2025 | Buy | +48.25 | $41.45 | $2.00K | 17,218 |
| Susan J. Ellspermann Director | Dec 15, 2025 | Buy | +24.12 | $41.45 | $1,000 | 11,639 |
| Andrew M. Seger Director | Dec 15, 2025 | Buy | +26.54 | $41.45 | $1.10K | 18,255 |
| Gregory Scott McComb Director | Dec 1, 2025 | Gift | −1,415 | – | – | 15,400 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| M. Kelly Jason Director | May 20, 2025 | 2,515 | $100.07K | May 20, 2025 | Acquired from Public Market |