Hovde Group upgraded German American Bancorp from Market Perform to Outperform and set a new price target of $48.00 from $41.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | $41.00 → $48.00 | Market Perform → Outperform | Hovde Group |
| 10/15/2024 | $45.00 | Overweight | Stephens |
| 5/31/2024 | $33.00 → $34.00 | Market Perform | Hovde Group |
| 1/5/2024 | $38.00 | Mkt Perform → Outperform | Raymond James |
| 5/25/2023 | $31.00 | Neutral | Piper Sandler |
8-K - GERMAN AMERICAN BANCORP, INC. (0000714395) (Filer)
13F-HR - GERMAN AMERICAN BANCORP, INC. (0000714395) (Filer)
10-Q - GERMAN AMERICAN BANCORP, INC. (0000714395) (Filer)
German American Bancorp, Inc. (NASDAQ:GABC) reported record earnings for the third quarter 2025. Third quarter earnings of $35.1 million, or $0.94 per share, resulted in the highest level of reported quarterly earnings and earnings per share in the Company's history. This level of quarterly earnings represents an increase of $3.7 million, or approximately 12% on a per share basis, from 2025 second quarter earnings of $31.4 million, or $0.84 per share. It represents an increase of $14.0 million, or approximately 32% on a per share basis, from 2024 third quarter earnings of $21.0 million or $0.71 per share. Strong quarterly financial metrics of 1.68% return on average assets, 13.0% return on
German American Bank (NASDAQ:GABC) has been ranked in the country's Top 20 for its banking performance in the $5 billion to $50 billion asset size by Bank Director's 2025 RankingBanking study. Each year, Bank Director ranks the 300 largest publicly traded banks based on profitability, capital adequacy and asset quality for the previous year. "Receiving a top 20 ranking is a testament to our steadfast strategic focus on long-term results for our shareholders, employees, customers and the communities we serve," states Neil Dauby, Chairman and CEO. "Such a high ranking demonstrates our Company's financial focus, strength and stability. Since 1910, German American Bank has been a pillar withi
German American Bancorp, Inc. (NASDAQ:GABC) reported strong quarterly earnings of $31.4 million, or $0.84 per share, resulting in the second highest level of reported earnings per share in the Company's history. This level of quarterly earnings represented an increase of $20.9 million, or approximately 180% on a per share basis, from 2025 first quarter earnings of $10.5 million, or $0.30 per share. The first quarter of 2025 was impacted by one-time merger and acquisition costs of $5.9 million and a "Day 2" provision under the current expected credit loss ("CECL") model of $16.2 million (total impact of $16.8 million on an after-tax basis) resulting from the February 1, 2025 merger with Hear
Hovde Group upgraded German American Bancorp from Market Perform to Outperform and set a new price target of $48.00 from $41.00 previously
Stephens initiated coverage of German American Bancorp with a rating of Overweight and set a new price target of $45.00
Hovde Group reiterated coverage of German American Bancorp with a rating of Market Perform and set a new price target of $34.00 from $33.00 previously
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
4 - GERMAN AMERICAN BANCORP, INC. (0000714395) (Issuer)
German American Bancorp, Inc. has announced the appointment of Andrew Seger, Chief Financial Officer and Senior Vice President of Sales for Wabash Valley Produce, Inc., to its corporate board of directors effective as of July 1, 2025. Wabash Valley Produce, headquartered in Dubois, Indiana, is one of the largest egg product suppliers in the U.S. The family-owned company was founded in 1964 and is now managed by second and third generations of the Seger family. Andrew oversees finance, sales, and customer relations, primarily working with customers on their egg product needs and strategic growth opportunities. Prior to joining Wabash Valley full time in 2011 as part of the third-generati
Jasper, Indiana-based, German American BancCorp, Inc. (NASDAQ:GABC, or ", German American", ))) (KBRA senior unsecured debt rating: BBB+ / Stable Outlook) announced on July 29 that it had entered into a merger agreement to acquire Heartland BancCorp (OTCQX:HLAN, Heartland', ))), based in Whitehall, Ohio. The transaction, valued at $330.2 million (P/TBV: 2.02x), is an all-stock deal consideration and expected to close in 1Q25 pending regulatory approval. Upon completion of the transaction, Heartland's subsidiary bank, Heartland Bank, will be merged into German American's subsidiary bank, German American Bank, and operate under a co-branded name within the Ohio markets. G. Scott McComb, Chair
JASPER, Ind. and WHITEHALL, Ohio, July 29, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) ("German American") and Heartland BancCorp (OTCQX:HLAN) ("Heartland") jointly announced today that they have entered into a definitive agreement to merge Heartland into German American. Upon completion of the transaction, Heartland's subsidiary bank, Heartland Bank, will be merged into German American's subsidiary bank, German American Bank, and operate under a co-branded name within the Ohio markets. Under the terms of the definitive agreement, Heartland shareholders, other than the Heartland retirement plan, will receive 3.90 shares of German American common stock for each s
German American Bancorp, Inc. (NASDAQ:GABC) reported record earnings for the third quarter 2025. Third quarter earnings of $35.1 million, or $0.94 per share, resulted in the highest level of reported quarterly earnings and earnings per share in the Company's history. This level of quarterly earnings represents an increase of $3.7 million, or approximately 12% on a per share basis, from 2025 second quarter earnings of $31.4 million, or $0.84 per share. It represents an increase of $14.0 million, or approximately 32% on a per share basis, from 2024 third quarter earnings of $21.0 million or $0.71 per share. Strong quarterly financial metrics of 1.68% return on average assets, 13.0% return on
German American Bancorp, Inc. (NASDAQ:GABC) reported strong quarterly earnings of $31.4 million, or $0.84 per share, resulting in the second highest level of reported earnings per share in the Company's history. This level of quarterly earnings represented an increase of $20.9 million, or approximately 180% on a per share basis, from 2025 first quarter earnings of $10.5 million, or $0.30 per share. The first quarter of 2025 was impacted by one-time merger and acquisition costs of $5.9 million and a "Day 2" provision under the current expected credit loss ("CECL") model of $16.2 million (total impact of $16.8 million on an after-tax basis) resulting from the February 1, 2025 merger with Hear
German American Bancorp, Inc. (NASDAQ:GABC) reported first quarter earnings of $10.5 million, or $0.30 per share. The first quarter earnings included the results of Heartland BancCorp ("Heartland"), the parent company of Heartland Bank, which was acquired by German American on February 1, 2025. The first quarter of 2025 included one-time merger and acquisition costs of $5.9 million and "Day 2" provision under the current expected credit loss ("CECL") model for Heartland of $16.2 million (total impact of $16.8 million on an after-tax basis). As a result, quarterly earnings declined by approximately $12.7 million, or 62% on a per share basis, from 2024 fourth quarter earnings of $23.2 million
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