German American Bancorp (GABC)
Runs community banking and wealth services across Indiana, Kentucky, and Ohio.
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Provides core banking and wealth management through German American Bank and German American Investment Services, with deposits funding local consumer, commercial, agricultural, real estate, and mortgage lending. The footprint is concentrated in Indiana, Kentucky, and Ohio, including Heartland Bank branding in Columbus and Greater Cincinnati.
Provides community banking through German American Bank, gathering deposits and making consumer, commercial, agricultural, commercial real estate, and residential mortgage loans in local markets. Wealth management adds advisory, trust, brokerage, and retirement-planning fees through the bank and German American Investment Services.
Keeps a dense Midwest footprint across Indiana, Kentucky, and Ohio. The Heartland merger added Columbus and Greater Cincinnati markets, where the bank operates as Heartland Bank, a Division of German American Bank.
Execution depends on deposit gathering, loan demand, credit quality, liquidity, and interest-rate conditions. Current operations are banking and wealth management; insurance activities ceased after the sale of substantially all insurance-operation assets.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 30, 2026 | Piper Sandler | Reiterate | Rating: —Target: $47 | Target: $60 |
| Apr 29, 2026 | Stephens | Target | Target: $45 | Target: $49 |
| Mar 20, 2026 | Piper Sandler | Upgrade | ||
| Jan 29, 2026 | Piper Sandler | Reiterate | Rating: —Target: — | Target: $47 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $94.2M · Total debt $174.1M · Total assets $8.44B · Shareholders' equity $1.21B
- Revenue
- $126.9M
- Operating income
- $48.1M
- Net income
- $38.2M
HistoryDividendAnnual yield
| Institutions | 57.05% | 21.39M shares | |
|---|---|---|---|
| 191 holders · as of Jun 30, 2026 | |||
| Insiders | 3.91% | 1.47M shares | |
| 22 holders · as of Sep 16, 2026 | |||
| Other | 39.04% | 14.64M shares | |
| remainder | |||
37.50M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.99% | 3.00M | as of Jun 30, 2026 |
Franklin Resources IncInstitution | 5.23% | 1.96M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.12% | 1.54M | as of Jun 30, 2026 |
Charles Schwab Investment Management IncInstitution | 3.39% | 1.27M | as of Jun 30, 2026 |
Sixth Street Partners Management Company, L.P.Institution | 3.39% | 1.27M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Christina M. Ryan | director | +124 | $49.89 |
| Sep 15, 2026 | Andrew M. Seger | director | +150 | $49.89 |
| Sep 15, 2026 | Zachary W. Bawel | director | +401 | $49.89 |
| Aug 17, 2026 | Andrew M. Seger | director | +391 | $51.12 |
| Aug 17, 2026 | Zachary W. Bawel | director | +391 | $51.12 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| German American Bancorp | $48.93 | −0.51% | $1.85B | 13.0 | 12.2 | 3.7 | +12.7% |
| First Financial Bancorp | $31.49 | −0.79% | $3.33B | 11.2 | 9.8 | 2.5 | +16.7% |
| Stock Yards Bancorp | $78.33 | −0.62% | $2.33B | 15.7 | 14.5 | 4.2 | +17.2% |
| Old National Bancorp | $25.09 | −0.63% | $9.66B | 11.1 | 9.2 | 2.4 | +12.3% |
| WesBanco | $38.53 | −1.46% | $3.75B | 11.0 | 10.6 | 2.5 | +6.3% |
| First Merchants | $40.92 | +0.05% | $2.57B | 13.1 | 9.7 | 2.4 | +23.2% |
| First Financial | $75.50 | −0.57% | $903.1M | 10.6 | 9.5 | 2.7 | +14.0% |
| Lakeland Financial | $59.75 | −0.31% | $1.49B | 13.7 | 13.5 | 3.5 | +6.8% |
| Republic Bancorp | $94.16 | +0.43% | $1.64B | 14.5 | 13.9 | 3.2 | +9.7% |
| Median | 12.1 | 10.2 | 2.6 | +13.1% |