German American Bancorp, Inc.
In the published model solve dated 2026-Q2, anchored at $50.01, German American Bancorp, Inc. (GABC) is priced for 11.5% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• One line on the funding side explains most of the profitability: 28% of deposits pay no interest at all, which is how a bank this size reported a 4.26% net interest margin and an efficiency ratio near 51% in the first quarter of 2026 [Source: Q1 2026 earnings release, April 27, 2026]. • Concentration is the specific risk to watch, with commercial real estate at 53% of the loan portfolio in 2025, and the loan book is not currently growing on its own: end-of-period loans fell $25.8 million durin
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173 institutional managers reported holding GABC in 13F filings for the quarter ended 2026-03-31. Together they hold about 53% of the company; the top 10 hold 35%. 15 opened new positions that quarter. Held by BlackRock, Vanguard Group, Franklin Resources, among others. On the short side, 1.2M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (7.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
GABC's share count grew 41.3% over the past five years. It pays a dividend, and has paid one every year in our records (16 and counting), raised 13 years straight; the current rate is $1.16 a share annually. Cash returned over the past three years: $101.42M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at GABC over the trailing three years: 2023: 55 buys totaling $2.52M; 2024: 55 buys totaling $508k; 2025: 44 buys totaling $354k; 2026: 13 buys totaling $17k. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
GABC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-03-02 | +0.7% | -29.5% |
| 2023-05-10 | -7.3% | +1.2% |
| 2023-08-09 | +1.9% | -11.7% |
| 2023-11-08 | +0.4% | +14.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
GABC's latest 8-K filings: 2026-09-08 (items 7.01, 9.01); 2026-07-27 (items 2.02, 8.01, 9.01); 2026-05-06 (items 7.01, 9.01); 2026-04-29 (items 5.07); 2026-04-27 (items 2.02, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.