German American Bancorp Inc. Common Stock (GABC)

FairStock Score: 73/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at banks differently from most businesses: the balance sheet is the business, so I want consistent profits, sensible price to book, and a sense of credit discipline. German American Bancorp is a 984-employee regional bank with a wealth-management arm. The filed numbers show net income of $85.9M in fiscal 2023 (the year ended 2023-12-31), $83.8M in fiscal 2024 (the year ended 2024-12-31), and $112.6M in fiscal 2025 (the year ended 2025-12-31); diluted EPS was $2.91, $2.83, and $3.06. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $126.9M, net income $38.2M, and diluted EPS $1.02, versus $123.2M, $31.4M, and $0.84 in fiscal Q2 2025, the quarter ended 2025-06-30, so recent momentum is real. At the 2026-10-13 close of $48.74, FairStock calculations put the P/E at 12.83, P/B at 1.51, dividend yield at 2.50%, and ROE at 12.46%. A PEG of 0.59 and a Piotroski F-score of 6/9 are respectable. FairStock also labels it a stalwart, with 12.6% five-year profit growth. That is a decent community-bank profile: modest size, low beta of 0.60, and a price that is not demanding. But I cannot judge the true credit cycle from this data. CET1, net interest margin, efficiency ratio, loan-loss reserves, nonperforming assets, and combined ratio are not provided. Fiscal 2024 was actually a small step down in net income and EPS from fiscal 2023, and the fiscal 2024-to-fiscal 2025 revenue jump from $353.7M to $487.4M deserves explanation. At 1.51 times book, the market is paying a fair price for steady returns, not a distressed one. I would want more bank-specific disclosure before calling it a margin-of-safety bargain.

In plain English: German American Bancorp is a small bank holding company that takes deposits, makes loans, and offers wealth management services. It has been solidly profitable, and its latest reported quarter showed more profit than the same quarter a year earlier. At the 2026-10-13 close of $48.74, the price looks reasonable compared with the profits it produces and the value of its assets, though not a bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer