10-K · February 27, 2026
German American’s 2025 results show material scale-up following the February 1, 2025 Heartland acquisition: quarterly revenue rose to $127M in both Q3 and Q4 2025 (vs $84–91M in 2024 quarters) and liquidity/FCF…
Earnings analysis · 10-Q
GABC earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
German American Bancorp reported strong Q1 2026 results with revenue of $96.1 million, slightly surpassing estimates of $95.7 million, while EPS of $0.88 matched expectations. The company noted a significant 193%…
Read full summary
German American Bancorp reported strong Q1 2026 results with revenue of $96.1 million, slightly surpassing estimates of $95.7 million, while EPS of $0.88 matched expectations. The company noted a significant 193% year-over-year increase in net income driven by acquisition synergies and robust non-interest income growth. Looking ahead, management anticipates Q2 revenue of $98M to $102M, signaling confidence in ongoing performance.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.88
What stood out
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Revenue Growth Exceeds Estimates
Revenue increased to $96.1 million in Q1 2026, surpassing expectations of $95.7 million.
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Significant EPS Growth
Reported EPS of $0.88 represents a 193% increase from $0.30 in Q1 2025.
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Rise in Non-Interest Income
Non-interest income rose 16% year-over-year to $17.2 million, driven by strong growth from acquisitions.
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Improved Net Interest Margin
Net interest margin increased to 4.26%, up from 3.96% a year earlier.
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Decrease in Provision for Credit Losses
Provision for credit losses dropped significantly to $2 million from $15.3 million year-over-year.
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Positive Revenue Outlook for Q2
Management expects Q2 2026 revenue to be between $98 million and $102 million.
What to watch
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Regulatory Compliance Risks
Potential changes in banking regulations could impact operations and profitability.
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Exposure to Credit Quality Deterioration
An adverse economic environment could adversely affect loan quality and increase defaults.
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Operational Risks from Recent Acquisitions
Integration challenges from the Heartland merger may impact performance effectively.
Management's outlook
Management projects Q2 2026 revenue between $98M and $102M.
Earlier filings 4
10-Q · November 5, 2025
German American posted a strong quarter driven by loan growth and higher net interest income: total net revenue of $94,154,000 and diluted EPS of $0.94 for Q3 2025, both materially above the year-ago quarter. Balance…
10-Q · May 12, 2025
German American’s 10-Q shows strong balance sheet growth driven by the Feb 1, 2025 Heartland acquisition: total assets rose to $8,419,693,000 and deposits to $7,097,885,000 as of March 31, 2025. Revenue (net interest…
10-Q · November 8, 2024
Q3 2024 results were largely stable versus Q3 2023: reported net income of $21,048,000 and diluted EPS of $0.71, while net interest income offset a modest decline in non-interest income. Management completed a material…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.