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what it is
German American takes local deposits, makes loans, sells mortgages, and manages money across Indiana, Kentucky, and Ohio.
how it gets paid
Last year German American made $487M in revenue.
why it's growing
Revenue grew 37.8% last year. The quarter was huge on paper. Revenue rose 185% vs. prior year to $361M.
what just happened
German American posted $2.10 in quarterly EPS on $361M of revenue, versus $0.94 EPS and about $127M revenue a year earlier.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
85/100 earnings predictability — you can trust these numbers
14.6x trailing p/e — the market's not buying it — or you found a deal
3.1% dividend yield — cash in your pocket every quarter
$3.03 fy2025 eps est
xvary composite: 61/100 — average
What they do
German American takes local deposits, makes loans, sells mortgages, and manages money across Indiana, Kentucky, and Ohio.
This is a relationship bank, not a national app with a mascot. German American has 94 offices across local markets and $8.4 billion in assets, which gives it cheap funding from deposits and repeat borrowers. Wealth management adds stickier fees, which means your returns are not riding on one loan category alone.
How they make money
$487M
annual revenue · their business grew +37.8% last year
total revenue
$487M
+37.8%
The products that matter
takes deposits and makes loans
German American Bank
$8.4B assets
This is the core franchise. It holds the $8.4B asset base and drives the $366M net interest income engine that supports earnings and the dividend.
core engine
manages client money and trust accounts
Wealth management
part of $121M fee income
This sits inside the $121M non-interest income bucket. That matters because fees are less tied to spread changes than lending income is.
fee revenue
sells property and casualty coverage
Insurance operations
part of $121M fee income
Insurance gives you a second source of recurring fees. It is not big enough to outweigh the banking engine, but it does keep every dollar of profit from depending on the same rate variable.
diversifier
Key numbers
14.6x
trailing p/e
P/E → price-to-earnings → what investors pay for each dollar of profit. So what: you are paying a market-like multiple for a bank with 85 earnings predictability.
3.1%
dividend yield
Dividend yield → cash paid to shareholders each year as a percent of the stock price. So what: you get paid while waiting.
$153M
long-term debt
Long-term debt → money owed over many years → balance-sheet pressure if it gets too large. So what: at 9% of capital, leverage looks restrained.
85
earnings predictability
Earnings predictability → how steady profits have been over time → fewer nasty surprises. So what: this looks more like a grinder than a lottery ticket.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 3 — safer than 50% of stocks
- price stability 80 / 100
- long-term debt $153M (9% of capital)
B++ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for GABC right now.
source: institutional data · return history unavailable
What just happened
beat estimates
German American posted $2.10 in quarterly EPS on $361M of revenue, versus $0.94 EPS and about $127M revenue a year earlier.
The quarter was huge on paper. Revenue rose 185% vs. prior year to $361M, while EPS jumped 123% to $2.10. Deadpan fact bomb: one quarter produced nearly 74% of the company's full-year $487M revenue.
$361M
revenue
$2.10
eps
185%
revenue growth
the number that mattered
$2.10 EPS matters most because it already covers about 69% of the full-year $3.03 earnings estimate in one quarter.
source: company earnings report, 2026
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What could go wrong
Your biggest risk is plain: 75.2% of the reported revenue mix shown here comes from net interest income. When a bank is this spread-heavy, small moves in funding costs or loan pricing do not stay small for long.
med
Net interest income concentration
$366M of the roughly $487M revenue split shown here comes from net interest income. That makes lending spreads and deposit pricing the main earnings variable.
75.2% of the reported revenue mix is tied to core spread income
med
Sector sentiment can outrun company fundamentals
The stock dropped 2.22% in one day on regional-bank fear despite the record-year framing. That is a reminder that good execution does not fully insulate a small bank from group-wide panic.
Recent proof point: -2.22% in a single session
low
Authorized-share increase adds future dilution capacity
Management wants approval on April 27, 2026 to double authorized shares. That is not dilution today. It is permission for dilution later if used for capital raises, deals, or compensation.
Governance item with direct ownership consequences
low
This franchise is solid, not structurally protected
An 11.80% return on equity is good. It is not the kind of number that says pricing power is untouchable. If local competition gets more aggressive, this is a business that feels it.
Returns are healthy enough to own, not high enough to dismiss competition
The risk picture is concentrated, not mysterious: earnings lean on spread economics, the stock can still trade like a regional-bank proxy, and governance deserves more attention than the market usually gives small caps.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
Net interest income
It is $366M today and 75.2% of the reported revenue mix. If that line stalls, most of your thesis stalls with it.
calendar
April 27, 2026 meeting
Shareholders vote on doubling authorized shares. Small-cap governance items like this tend to look boring right up until they matter.
trend
Fee income mix
Non-interest income is $121M, or 24.8% of the revenue split shown here. A bigger mix would make earnings less hostage to spread changes.
risk
Company results versus bank-tape panic
The 2.22% one-day drop tells you price action can still be driven by the group. Watch whether the stock is reacting to GABC's numbers or to the regional-bank mood of the week.
Analyst rankings
earnings predictability
85 / 100
Management has been reliable relative to peers. In human-speak, analysts think this bank is more likely to give you steady numbers than an ugly surprise.
risk rank
3
Risk rank is a rough safety gauge. A 3 means middling risk. You are not in danger-zone territory, but you are not hiding in a vault either.
price stability
80 / 100
An 80 score points to calmer trading than most small caps. Useful if you own this for income and patience, not adrenaline.
source: institutional data
Institutional activity
institutional ownership data for GABC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$44
current price
n/a
target midpoint · n/a from current
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