German American Bancorp (GABC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

German American Bancorp

NasdaqGS•Financial Services•Banks - Regional

$49.18-0.64(-0.01%)Pre-market

Market Cap

$1.85B

P/E

13.0x

P/S

3.7x

P/B

1.5x

German American Bancorp, Inc. operates as a financial holding company for German American Bank that provides retail and commercial banking, and wealth management services. The company operates through Core Banking, and Wealth Management 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. The company was founded in 1910 and is based in Jasper, Indiana.

How this company scores

ExcellentMetricSide Score: 88/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (18/25).

Profitability23/25

Growth22/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowStrong marginsRising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 13.0x5y range 11.5x – 17.3x

Currently near its 20-quarter median.

P/S · 3.7x5y range 3.1x – 4.9x

Currently near its 20-quarter median.

P/B · 1.5x5y range 1.2x – 2.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Share Dilution

Red Flag

Shares outstanding increased 26.6% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $1.85B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $503.04M
Q. Revenue: $126.93M
TTM EBITDA: $192.60M
TTM Op. Income: $162.82M
Q. Op. Income: $48.07M
TTM Net Income: $142.08M
Q. Net Income: $38.17M
EPS: $1.02
Shares Out.: $37.56M

$503.04M in TTM revenue grew 21.7% YoY, reaching $126.93M last quarter. TTM EBITDA of $192.60M and TTM operating income of $162.82M show growth is flowing through to the bottom line. TTM net income of $142.08M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 78.7%
EBITDA Margin: 41.6%
Op. Margin: 37.9%
Net Margin: 30.1%

Op. margin of 37.9% is up 6.1% YoY — cost efficiency is improving. Net margin at 30.1% and gross margin of 78.7% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 13.0x
P/S Ratio: 3.7x
P/B Ratio: 1.5x

At 13.0x P/E, the stock trades below typical market levels. P/S of 3.7x and P/B of 1.5x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 22% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $8.44B
Cash: $94.16M
Long-Term Debt: $169.04M
Book Value: $1.21B
D/E Ratio: 0.1
Debt/EBITDA: 3.2

With $8.44B in assets and $169.04M in long-term debt, D/E is 0.1and book value is $1.21B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 26% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $58.11M
TTM Free Cash Flow: $182.40M
FCF Margin: 36.3%
FCF / Net Income: 1.3

TTM FCF of $182.40M on $58.11M in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 60% — an improving trend.