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Stocks · Financials · State Commercial Banks

GERMAN AMERICAN BANCORP, INC.

GABC Clue Score70
United States Fiscal year ends December CIK 0000714395
$48.16 -1.35% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $48.16 +23.77% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Net income35.2EPS, diluted1.57Fiscal year 2017Net income40.7 +15.6%EPS, diluted1.77 +12.7%Fiscal year 2018Net income46.5 +14.4%EPS, diluted1.99 +12.4%Fiscal year 2019Net income59.2 +27.3%EPS, diluted2.29 +15.1%Fiscal year 2020Net income62.2 +5.0%EPS, diluted2.34 +2.2%Fiscal year 2021Net income84.1 +35.2%EPS, diluted3.17 +35.5%Fiscal year 2022Revenue278.1Net income81.8 −2.7%EPS, diluted2.78 −12.3%Fiscal year 2023Revenue316.9 +14.0%Net income85.9 +5.0%EPS, diluted2.91 +4.7%Fiscal year 2024Revenue353.7 +11.6%Net income83.8 −2.4%EPS, diluted2.83 −2.7%Fiscal year 2025Revenue487.4 +37.8%Net income112.6 +34.4%EPS, diluted3.06 +8.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a n/a n/a n/a n/a n/a 278.1 316.9 353.7 487.4
Growth +14.0% +11.6% +37.8%
Net income 35.2 40.7 46.5 59.2 62.2 84.1 81.8 85.9 83.8 112.6
Growth +15.6% +14.4% +27.3% +5.0% +35.2% −2.7% +5.0% −2.4% +34.4%
EPS, diluted 1.57 1.77 1.99 2.29 2.34 3.17 2.78 2.91 2.83 3.06
Growth +12.7% +12.4% +15.1% +2.2% +35.5% −12.3% +4.7% −2.7% +8.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Fiscal year 2017Fiscal year 2018Fiscal year 2019Fiscal year 2020Fiscal year 2021Fiscal year 2022Net margin29.4%Free cash flow margin36.7%Fiscal year 2023Net margin27.1%Free cash flow margin32.0%Fiscal year 2024Net margin23.7%Free cash flow margin25.6%Fiscal year 2025Net margin23.1%Free cash flow margin31.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin n/a n/a n/a n/a n/a n/a 29.4% 27.1% 23.7% 23.1%
Free cash flow margin n/a n/a n/a n/a n/a n/a 36.7% 32.0% 25.6% 31.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow41.9Capital expenditure−5.2Free cash flow36.7Dividends paid−10.6Fiscal year 2017Operating cash flow54.9Capital expenditure−11.2Free cash flow43.7 +19.1%Dividends paid−11.8Fiscal year 2018Operating cash flow62.3Capital expenditure−15.2Free cash flow47.1 +7.9%Dividends paid−14.1Fiscal year 2019Operating cash flow65.2Capital expenditure−9.4Free cash flow55.9 +18.5%Dividends paid−17.6Fiscal year 2020Operating cash flow92.4Capital expenditure−7.1Free cash flow85.3 +52.8%Dividends paid−20.1Fiscal year 2021Operating cash flow100.8Capital expenditure−4.7Free cash flow96.2 +12.7%Dividends paid−22.2Fiscal year 2022Operating cash flow110.0Capital expenditure−7.9Free cash flow102.2 +6.3%Dividends paid−27.0Fiscal year 2023Operating cash flow107.2Capital expenditure−5.7Free cash flow101.5 −0.7%Dividends paid−29.4Fiscal year 2024Operating cash flow95.8Capital expenditure−5.0Free cash flow90.7 −10.6%Dividends paid−31.8Fiscal year 2025Operating cash flow159.3Capital expenditure−5.3Free cash flow154.0 +69.8%Dividends paid−43.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 41.9 54.9 62.3 65.2 92.4 100.8 110.0 107.2 95.8 159.3
Capital expenditure −5.2 −11.2 −15.2 −9.4 −7.1 −4.7 −7.9 −5.7 −5.0 −5.3
Free cash flow 36.7 43.7 47.1 55.9 85.3 96.2 102.2 101.5 90.7 154.0
Growth +19.1% +7.9% +18.5% +52.8% +12.7% +6.3% −0.7% −10.6% +69.8%
Dividends paid −10.6 −11.8 −14.1 −17.6 −20.1 −22.2 −27.0 −29.4 −31.8 −43.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Total debt120.6Shareholders’ equity330.3Debt to equity0.37Fiscal year 2017Cash70.4Total debt141.7Net cash (debt)−71.4Shareholders’ equity364.6Debt to equity0.39Fiscal year 2018Cash96.6Total debt126.6Net cash (debt)−30.1Shareholders’ equity458.6Debt to equity0.28Fiscal year 2019Cash103.9Total debt182.0Net cash (debt)−78.1Shareholders’ equity573.8Debt to equity0.32Fiscal year 2020Cash344.1Total debt141.6Net cash (debt)202.4Shareholders’ equity624.7Debt to equity0.23Fiscal year 2021Cash395.2Total debt83.9Net cash (debt)311.3Shareholders’ equity668.5Debt to equity0.13Fiscal year 2022Cash117.4Total debt64.5Net cash (debt)52.9Shareholders’ equity558.4Debt to equity0.12Fiscal year 2023Cash115.3Total debt89.5Net cash (debt)25.8Shareholders’ equity663.6Debt to equity0.13Fiscal year 2024Cash188.8Total debt114.6Net cash (debt)74.2Shareholders’ equity715.1Debt to equity0.16Fiscal year 2025Cash118.4Total debt100.0Net cash (debt)18.4Shareholders’ equity1,162.3Debt to equity0.09
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash n/a 70.4 96.6 103.9 344.1 395.2 117.4 115.3 188.8 118.4
Total debt 120.6 141.7 126.6 182.0 141.6 83.9 64.5 89.5 114.6 100.0
Net cash (debt) n/a −71.4 −30.1 −78.1 202.4 311.3 52.9 25.8 74.2 18.4
Shareholders’ equity 330.3 364.6 458.6 573.8 624.7 668.5 558.4 663.6 715.1 1,162.3
Debt to equity 0.37 0.39 0.28 0.32 0.23 0.13 0.12 0.13 0.16 0.09

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
n/a n/a n/a n/a n/a n/a 278.1 316.9 353.7 487.4
Growth +14.0% +11.6% +37.8%
49.1 52.2 56.1 71.2 75.0 102.8 99.2 103.6 104.1 140.1
13.9 11.5 9.5 12.0 12.8 18.6 17.4 17.8 20.3 27.4
35.2 40.7 46.5 59.2 62.2 84.1 81.8 85.9 83.8 112.6
Growth +15.6% +14.4% +27.3% +5.0% +35.2% −2.7% +5.0% −2.4% +34.4%
Per share
1.57 1.77 1.99 2.29 2.34 3.17 2.78 2.91 2.83 3.06
1.57 1.77 1.99 2.29 2.34 3.17 2.78 2.91 2.83 3.06
Growth +12.7% +12.4% +15.1% +2.2% +35.5% −12.3% +4.7% −2.7% +8.1%
22.4 22.9 23.4 25.8 26.5 26.5 29.5 29.6 29.7 36.8
22.4 22.9 23.4 25.8 26.5 26.5 29.5 29.6 29.7 36.8
Growth +2.4% +2.0% +10.4% +2.8% −0.0% +11.0% +0.3% +0.3% +24.1%

Five years in brief

Worked out from the figures above, not from a press release
  • The diluted share count rose 38.6% in five years, which is dilution.
  • Profitable in every one of the 10 years on file.