German American Bancorp, Inc. operates as the 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 various deposit products 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 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, 2020, the company operated 73 banking offices in 20 contiguous southern Indiana counties; 8 counties in Kentucky; and one county in Tennessee. German American Bancorp, Inc. was founded in 1910 and is headquartered in Jasper, Indiana.
IPO Year:
Exchange: NASDAQ
Website: germanamerican.com
| 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 |
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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
Raymond James upgraded German American Bancorp from Mkt Perform to Outperform and set a new price target of $38.00
Piper Sandler resumed coverage of German American Bancorp with a rating of Neutral and set a new price target of $31.00
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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
German American Bancorp, Inc. (NASDAQ:GABC) announced today that it has completed its merger with Heartland BancCorp, the parent company of Heartland Bank, effective at 12:01 a.m. (Eastern time) on February 1, 2025. Immediately following completion of the holding company transaction, Heartland Bank merged with and into German American's banking subsidiary, German American Bank. Each Heartland shareholder of record at closing (other than the Heartland 401(k) Plan) is entitled to receive 3.90 shares of German American common stock (the "Exchange Ratio") for each of their shares of Heartland common stock, subject to their surrender of the old Heartland shares to the exchange agent designated
German American Bancorp, Inc. (NASDAQ:GABC) reported strong fourth quarter 2024 earnings of $23.2 million, or $0.78 per share, reflecting a linked quarter increase of $2.2 million, or approximately 10% on a per share basis, from 2024 third quarter earnings of $21.0 million, or $0.71 per share. The Company also reported strong annual earnings of $83.8 million, or $2.83 per share, for the year ended December 31, 2024. This level of reported annual earnings resulted in a 12.2% return on average shareholders' equity, marking the 20th consecutive fiscal year in which the Company has delivered a double-digit return on shareholders' equity. The Company also announced a 7.4% increase to its quarter
German American Bancorp, Inc. (NASDAQ:GABC) reported solid third quarter earnings of $21.0 million, or $0.71 per share. This level of quarterly earnings reflected a linked quarter increase of $0.5 million, or approximately 3% on a per share basis, from 2024 second quarter earnings of $20.5 million or $0.69 per share. Third quarter 2024 operating performance was highlighted by an expanding net interest margin, stable loan growth, continued strong credit metrics and controlled non-interest expense. The Company remained well-positioned at the end of third quarter 2024 with continued solid liquidity and strong capital ratios. Net interest income for the third quarter of 2024 increased $2.6 mi
JASPER, Ind., June 03, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) today announced and closed the sale of the assets of its wholly-owned subsidiary German American Insurance (GAI) to Hilb Group, an industry-leading insurance broker. The all-cash transaction is for $40 million, and creates a significant after-tax gain, net of transaction costs, of approximately $27 million. The purchase price represents approximately four times 2023 GAI revenues and approximately 24 times 2023 GAI after-tax earnings. "Our decision to partner with Hilb Group for this transaction ensures the continued access to the best insurance products and services for our customers and provides a
JASPER, Ind., April 29, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) reported first quarter 2024 earnings of $19.0 million, or $0.64 per share, compared to earnings of $21.5 million, or $0.73 per share, for fourth quarter 2023, and earnings of $20.8 million, or $0.71 per share, for first quarter 2023. First quarter 2024 operating performance was highlighted by strong linked quarter commercial real estate and retail organic loan growth, linked quarter non-public fund deposit growth, strong credit metrics, controlled operating expenses, and a solid level of diversified non-interest income. However, from an earnings perspective, these increases were more than of
JASPER, Ind., Jan. 29, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) reported solid annual earnings of $85.9 million, or $2.91 per share, for the year ended December 31, 2023, representing the second highest level of earnings per share in the Company's history. This level of reported annual earnings resulted in a 14.7% return on average shareholders' equity, marking the 19th consecutive fiscal year in which the Company has delivered a double-digit return on shareholders' equity. The Company also announced the declaration of an 8% increase in its quarterly cash dividend, marking the 12th consecutive year of increased cash dividends. The Company's 2023 reported net in
JASPER, Ind., Oct. 30, 2023 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) reported solid third quarter earnings of $21.5 million, or $0.73 per share. This level of quarterly earnings reflected a linked quarter decrease of $0.7 million, or approximately 3% on a per share basis, from 2023 second quarter earnings of $22.1 million or $0.75 per share. The Company remained well-positioned at the end of the third quarter of 2023 with continued solid liquidity and strong capital. Third quarter 2023 operating performance was highlighted by marginal net interest margin compression, solid loan growth, a stable/diversified deposit base, continued strong credit metrics, reductions
JASPER, Ind., July 31, 2023 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) reported solid second quarter earnings of $22.1 million, or $0.75 per share. This level of quarterly earnings reflected a linked quarter increase of $1.3 million, or approximately 6% on a per share basis, from 2023 first quarter earnings of $20.8 million or $0.71 per share. The Company remained well positioned at the end of the second quarter 2023 with continued solid liquidity and strong capital. Second quarter 2023 operating performance was highlighted by marginal net interest margin compression, solid loan growth, a stable/diversified deposit base, continued strong credit metrics, reductions i
JASPER, Ind., April 24, 2023 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) reported first quarter earnings of $20.8 million, or $0.71 per share. This level of quarterly earnings reflected an increase of $11.7 million, or approximately 129% on a per share basis, from 2022 first quarter earnings of $9.1 million or $0.31 per share. The first quarter of 2022 was largely impacted by transaction costs associated with the acquisition of Citizens Union Bancorp of Shelbyville, Inc. (CUB) that closed effective January 1, 2022. The first quarter 2023 earnings represented a 15% decline on a per share basis compared with the strong fourth quarter 2022 earnings of $24.4 million, or $0.
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
German American Bank has been ranked second in the nation on the Forbes America's Best Banks 2025 list and is the highest ranked bank serving Indiana, Kentucky and Ohio. Each year, Forbes evaluates the 200 largest publicly traded banks and thrifts by asset size (German American Bank was 142nd in size) and then ranks the top 100 financial performers. "We are incredibly proud to be ranked the #2 bank in the country on this prestigious Forbes list," said Neil Dauby, Chairman and CEO of German American Bank. "This recognition is a testament to our entire German American team of professionals who are passionate, dedicated and work hard every day to support each other, our customers, our communi
German American Bancorp, Inc. (NASDAQ:GABC) announced today that it has completed its merger with Heartland BancCorp, the parent company of Heartland Bank, effective at 12:01 a.m. (Eastern time) on February 1, 2025. Immediately following completion of the holding company transaction, Heartland Bank merged with and into German American's banking subsidiary, German American Bank. Each Heartland shareholder of record at closing (other than the Heartland 401(k) Plan) is entitled to receive 3.90 shares of German American common stock (the "Exchange Ratio") for each of their shares of Heartland common stock, subject to their surrender of the old Heartland shares to the exchange agent designated
German American Bancorp, Inc. (NASDAQ:GABC) reported strong fourth quarter 2024 earnings of $23.2 million, or $0.78 per share, reflecting a linked quarter increase of $2.2 million, or approximately 10% on a per share basis, from 2024 third quarter earnings of $21.0 million, or $0.71 per share. The Company also reported strong annual earnings of $83.8 million, or $2.83 per share, for the year ended December 31, 2024. This level of reported annual earnings resulted in a 12.2% return on average shareholders' equity, marking the 20th consecutive fiscal year in which the Company has delivered a double-digit return on shareholders' equity. The Company also announced a 7.4% increase to its quarter
German American Bancorp, Inc. (NASDAQ:GABC) and its banking subsidiary, German American Bank, announces that Bradley C. Arnett has been appointed Executive Vice President, Chief Legal Officer and Corporate Secretary effective January 1, 2025. Arnett currently serves as Senior Vice President, Chief Legal Officer and Corporate Secretary. Before joining German American Bank, Arnett practiced law for over 20 years, most recently as a partner at Dentons, a global law firm that has offices throughout Indiana, Kentucky and Ohio, with expertise in the areas of Securities and Exchange Commission reporting and compliance; corporate governance; mergers and acquisitions; banking regulation; commercia
German American Bancorp, Inc. (NASDAQ:GABC) reported solid third quarter earnings of $21.0 million, or $0.71 per share. This level of quarterly earnings reflected a linked quarter increase of $0.5 million, or approximately 3% on a per share basis, from 2024 second quarter earnings of $20.5 million or $0.69 per share. Third quarter 2024 operating performance was highlighted by an expanding net interest margin, stable loan growth, continued strong credit metrics and controlled non-interest expense. The Company remained well-positioned at the end of third quarter 2024 with continued solid liquidity and strong capital ratios. Net interest income for the third quarter of 2024 increased $2.6 mi
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., July 29, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) reported strong second quarter earnings of $20.5 million, or $0.69 per share. This level of quarterly earnings reflected a linked quarter increase of $1.5 million, or approximately 8% on a per share basis, from 2024 first quarter earnings of $19 million or $0.64 per share. Second quarter 2024 operating performance was highlighted by a stabilized net interest margin, solid loan and deposit growth, continued strong credit metrics, growth in most non-interest income categories and controlled non-interest expense. As previously reported, the Company also sold the assets of its wholly-owned subsidiary
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
JASPER, Ind., June 03, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) today announced and closed the sale of the assets of its wholly-owned subsidiary German American Insurance (GAI) to Hilb Group, an industry-leading insurance broker. The all-cash transaction is for $40 million, and creates a significant after-tax gain, net of transaction costs, of approximately $27 million. The purchase price represents approximately four times 2023 GAI revenues and approximately 24 times 2023 GAI after-tax earnings. "Our decision to partner with Hilb Group for this transaction ensures the continued access to the best insurance products and services for our customers and provides a
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
JASPER, Ind., Dec. 19, 2022 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) announced today the appointment of Angela Curry, General Counsel and Vice President for Legal Affairs at the University of Louisville, to its corporate board of directors effective as of January 1, 2023. As General Counsel, Curry serves as the University's chief legal officer. She directs and manages the provision of all legal services to the University of Louisville while supporting and advancing the overall mission and Cardinal Principles. In addition to her role as General Counsel and Vice President for Legal Affairs, in 2021 Curry was also appointed to serve as Interim Chief of Staff for Univer
JASPER, Ind., June 28, 2022 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) announced today the appointment of Diane Medley, Executive Chairman of Mountjoy Chilton Medley CPAs and Advisors, to its corporate board of directors effective as of July 1, 2022. Active in public accounting since 1981, Medley co-founded Chilton & Medley in 1988 and Mountjoy Chilton Medley LLP in 2010. MCM CPAs and Advisors is the largest CPA firm in the region and 76th largest professional and financial services firm in the United States with 6 locations across Kentucky, Indiana, and Ohio. As the former Managing Partner and Co-founder of the firm, she was the first woman in the region to hold this
JASPER, Ind., June 28, 2021 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (NASDAQ:GABC) announced today the appointment of Dr. Sue Ellspermann, President of Ivy Tech Community College, to its corporate board of directors effective as of July 1, 2021. Dr. Ellspermann currently serves as president of Ivy Tech Community College, Indiana's largest post-secondary institution and the nation's largest singly-accredited statewide post-secondary institution. She previously served as Indiana's Lieutenant Governor and as an Indiana State Representative. Her earlier career includes being a founding director of the University of Southern Indiana's Center for Applied Research and Economic Developme
JASPER, Ind., Jan. 06, 2021 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) has moved forward with the implementation of its previously announced management succession plan. German American Chairman & CEO, Mark A. Schroeder, announced that, in connection with the planned retirement of Executive Vice Chairman Clay W. Ewing as of April 1, 2021, the Board of Directors has named the following individuals to the Corporation’s Senior Management Group effective January 1, 2021. Named Executive OfficersMark A. Schroeder, Chairman and Chief Executive OfficerClay W. Ewing, Executive Vice ChairmanD. Neil Dauby, President, Chief Operating Officer and SecretaryBradley M. Rust, Senior E