German American Bancorp, Inc. (GABC) Stock

German American Bancorp, Inc. (GABC) is a Financials stock trading at $49.95 (as of 2026-08-20), with a market capitalization of $1.88B and a trailing P/E of 13.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

German American Bancorp, Inc. operates as a bank holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. 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. The Insurance Operations segment offers a range of personal and corporate property and casualty insurance products. As of December 31, 2021, the company operated 77 banking offices in 19 contiguous southern Indiana counties; and 14 counties in Kentucky. German American Bancorp, Inc. was founded in 1910 and is based in Jasper, Indiana.

Understand German American Bancorp, Inc.: how it makes money

German American Bancorp, Inc. runs a retail and commercial bank, taking deposits and originating loans, while also offering wealth management services (trust, investment advisory, brokerage) and insurance through its bank holding company structure.

Bank profits are structurally driven by how Core Banking turns deposits into loan income while controlling credit performance, with supporting contributions from deposit service charges and any wealth or insurance-related fee income.

Business quality (Strong): We have clear operating credit and return metrics for the latest quarter, but segment-level revenue splits are not provided, limiting the ability to attribute performance across Core Banking, Wealth Management Services, and Insurance Operations.

Valuation: At 12× earnings, GABC trades in line with the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

Operating profitability remains strong: Operating margin is 33.9% for the quarter ended 2026-03-31.
Credit outcomes look contained by the reported metrics: Non-Performing Assets are 0.03 USD_B, with Annualized Net Charge-Offs of 0.08% and an Allowance for Credit Losses of 1.32% of period-end loans.

Bear case

Asset quality still matters for earnings stability: Even with the reported credit metrics, higher Non-Performing Assets or Net Charge-Offs would directly pressure results because the business relies on originating and holding loans through Core Banking.
Fee and gain lines may be limited (as reported): Wealth Management Fees are reported as 0.0 USD_B and Net Gains on Sales of Loans are reported as 0.0 USD_B for the period, which could reduce diversification beyond the core lending and deposits model.

Valuation — source: SEC EDGAR (first-party)
Price	$49.95
Market Cap	$1.88B
P/E Ratio	13.4
EV / EBITDA	8.6
Price / Book	1.55
Price / Sales	3.76
FCF Yield	14.7%
DCF Value (model)	$68.79
DCF Upside vs Price	37.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$487.40M
Net Margin	23.1%
Revenue Growth (YoY)	37.8%
EPS Growth (YoY)	8.1%
FCF Growth (YoY)	69.8%

Valuation vs Sector & Industry
Stock P/E	13.4
Sector P/E (Financials)	15.1
Industry P/E (Banking)	12.9
vs Sector	-11.1%
vs Industry	4.1%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($113.10M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Banking
CEO	D. Neil Dauby
Employees	1,020
Country	US
IPO Date	1993-05-21

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Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.