German American Bancorp, Inc. (GABC) Balance Sheet
GABC balance sheet, 2025
December 31, 2025 · U.S. dollars$8.39B assets = $7.23B liabilities + $1.16B equity
Both columns are drawn to the same scale: what GABC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GABC financial health
Descriptive bands, not a rating. Fiscal 2025.
GABC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.96B2016 | $8.39B2025 | +12.3%/yr | |
| Total liabilities | $2.63B2016 | $7.23B2025 | +11.9%/yr | |
| Shareholders’ equity | $330.3M2016 | $1.16B2025 | +15.0%/yr | |
| Cash & short-term investments | $758.3M2016 | $1.23B2025 | +5.6%/yr | |
| Total debt | $258.1M2016 | $182.7M2025 | −3.8%/yr | |
| Net cash (debt) | $500.1M2016 | $1.05B2025 | +$551.3M | |
| Working capital | −$1.72B2016 | −$5.80B2025 | −$4.1B | |
| Book value per share | $14.752016 | $31.592025 | +8.8%/yr | |
| Debt / equity | 0.782016 | 0.162025 | −0.62 | |
| Shares outstanding | 22.4M2016 | 36.8M2025 | +5.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GABC assets
GABC liabilities and equity
GABC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GABC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.23B | $1.12B | $1.68B | $1.84B | $1.94B | $1.28B | $916.8M | $877.4M | $787.9M | $758.3M |
| Cash & equivalents | $71.9M | $69.7M | $79.3M | $76.0M | $47.9M | $59.2M | $62.0M | $64.5M | $47.3M | $48.5M |
| Short-term investments | $1.16B | $1.06B | $1.60B | $1.76B | $1.89B | $1.22B | $854.8M | $812.6M | $740.6M | $709.8M |
| Receivables | $39.0M | $0 | $0 | $124.0M | $43.5M | $44.0M | $44.2M | $35.3M | $30.5M | $25.9M |
| Inventory | $0 | $0 | $0 | −$271.3M | −$417.9M | −$367.6M | −$124.7M | $286,000 | $54,000 | $242,000 |
| Other current assets | $0 | $0 | $0 | $271.3M | $417.9M | $367.6M | $124.7M | $0 | $0 | $0 |
| Total current assets | $1.23B | $1.12B | $1.68B | $1.96B | $1.98B | $1.32B | $961.0M | $912.7M | $818.4M | $784.2M |
| Property, plant & equipment (net) | $139.0M | $104.0M | $106.8M | $112.2M | $88.9M | $96.6M | $96.7M | $80.6M | $54.2M | $48.2M |
| Goodwill & intangible assets | $409.3M | $183.0M | $186.7M | $189.8M | $127.6M | $130.9M | $134.0M | $113.6M | $56.2M | $56.9M |
| Long-term investments | $1.66B | $1.52B | $1.60B | $1.80B | $2.24B | $1.23B | $3.93B | $3.53B | $2.13B | $1.99B |
| Other non-current assets | $4.95B | $3.37B | $2.59B | $2.09B | $1.17B | $2.19B | $0 | $0 | $82.9M | $76.3M |
| Total assets | $8.39B | $6.30B | $6.15B | $6.16B | $5.61B | $4.98B | $4.40B | $3.93B | $3.14B | $2.96B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $43.7M | $43.6M | $51.8M | $44.1M | $21.4M | $20.5M | $18.1M |
| Short-term debt | $43.9M | $56.9M | $66.0M | $101.2M | $68.3M | $52.9M | $167.7M | $249.8M | $133.5M | $137.6M |
| Deferred revenue | — | — | — | — | −$26.5M | −$11.1M | — | −$260.0M | −$153.7M | −$785.3M |
| Total current liabilities | $7.03B | $5.39B | $5.32B | $5.49B | $4.86B | $4.21B | $3.64B | $3.34B | $2.64B | $2.51B |
| Long-term debt | $136.7M | $150.9M | $125.3M | $203.8M | $152.2M | $194.5M | $58.4M | $40.0M | $14.9M | $14.7M |
| Lease obligations | $2.1M | $2.4M | $2.6M | $2.9M | $3.1M | $3.2M | $3.4M | — | — | $3.8M |
| Other long-term liabilities | $56.2M | $44.0M | $44.4M | $0 | $0 | $0 | $123.6M | $86.6M | $126.8M | $105.8M |
| Total liabilities | $7.23B | $5.58B | $5.49B | $5.60B | $4.94B | $4.35B | $3.82B | $3.47B | $2.78B | $2.63B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $37.5M | $29.7M | $29.6M | $29.5M | $26.6M | $26.5M | $26.7M | $25.0M | $22.9M | $15.3M |
| Retained earnings (deficit) | $582.9M | $513.6M | $461.6M | $405.2M | $350.4M | $288.4M | $253.1M | $211.4M | $179.0M | $149.7M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$164.9M | −$220.5M | −$217.1M | −$263.4M | $15.5M | $35.4M | $15.1M | −$7.1M | −$2.6M | −$6.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.16B | $715.1M | $663.6M | $558.4M | $668.5M | $624.7M | $573.8M | $458.6M | $364.6M | $330.3M |
| Key figures | ||||||||||
| Total debt | $182.7M | $210.1M | $193.9M | $203.8M | $152.2M | $194.5M | $349.7M | $376.4M | $275.2M | $258.1M |
| Net cash (debt) | $1.05B | $914.8M | $1.48B | $1.63B | $1.79B | $1.08B | $567.1M | $501.0M | $512.7M | $500.1M |
| Working capital | −$5.80B | −$4.26B | −$3.64B | −$3.53B | −$2.88B | −$2.89B | −$2.68B | −$2.43B | −$1.82B | −$1.72B |
| Tangible book value | $753.1M | $532.0M | $476.9M | $368.6M | $540.9M | $493.8M | $439.9M | $345.0M | $308.4M | $273.4M |
| Book value per share | $31.59 | $24.11 | $22.45 | $18.95 | $25.19 | $23.54 | $22.22 | $19.62 | $15.90 | $14.75 |
| Shares outstanding | 36.8M | 29.7M | 29.6M | 29.5M | 26.5M | 26.5M | 25.8M | 23.4M | 22.9M | 22.4M |
| Current ratio | 0.18 | 0.21 | 0.32 | 0.36 | 0.41 | 0.31 | 0.26 | 0.27 | 0.31 | 0.31 |
| Quick ratio | 0.18 | 0.21 | 0.32 | 0.36 | 0.41 | 0.31 | 0.26 | 0.27 | 0.31 | 0.31 |
| Debt / equity | 0.16 | 0.29 | 0.29 | 0.36 | 0.23 | 0.31 | 0.61 | 0.82 | 0.75 | 0.78 |
| Equity / assets | 13.9% | 11.4% | 10.8% | 9.1% | 11.9% | 12.6% | 13.0% | 11.7% | 11.6% | 11.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $94.2M | $76.0M | $1.23B | $1.25B | $1.22B | $1.19B | $1.12B | $1.63B | $1.44B | $1.59B | $1.68B | $1.55B |
| Cash & equivalents | $94.2M | $76.0M | $71.9M | $113.2M | $100.4M | $79.6M | $69.7M | $77.7M | $70.9M | $53.3M | $79.3M | $72.6M |
| Short-term investments | $1.17B | $1.67B | $1.16B | $1.14B | $1.12B | $1.11B | $1.06B | $1.55B | $1.37B | $1.54B | $1.60B | $1.48B |
| Receivables | $38.0M | $37.7M | $39.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $146.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$279.6M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $279.6M |
| Total current assets | $94.2M | $113.6M | $1.23B | $1.25B | $1.22B | $1.19B | $1.12B | $1.63B | $1.44B | $1.59B | $1.68B | $1.70B |
| Property, plant & equipment (net) | $137.6M | $137.3M | $139.0M | $139.8M | $139.4M | $141.4M | $104.0M | $105.4M | $105.7M | $106.0M | $106.8M | $111.3M |
| Goodwill & intangible assets | $404.4M | $406.8M | $409.3M | $411.7M | $417.2M | $418.5M | $183.0M | $183.5M | $184.1M | $186.0M | $186.7M | $187.4M |
| Long-term investments | $1.68B | $1.67B | $1.66B | $1.62B | $1.57B | $1.56B | $1.52B | $1.55B | $1.37B | $1.54B | $1.60B | $1.48B |
| Other non-current assets | $6.12B | $6.06B | $4.95B | $4.98B | $4.94B | $5.11B | $3.37B | $2.80B | $3.11B | $2.69B | $2.59B | $2.53B |
| Total assets | $8.44B | $8.38B | $8.39B | $8.40B | $8.28B | $8.42B | $6.30B | $6.26B | $6.22B | $6.11B | $6.15B | $6.01B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $45.2M |
| Short-term debt | $32.1M | $32.4M | $43.9M | $32.5M | $23.3M | $38.3M | $56.9M | $51.0M | $38.5M | $40.5M | $66.0M | $43.1M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | — | $2.1M |
| Total current liabilities | $32.1M | $32.4M | $7.03B | $7.05B | $6.98B | $7.14B | $5.39B | $5.32B | $5.35B | $5.22B | $5.32B | $5.18B |
| Long-term debt | $138.9M | $138.9M | $136.7M | $178.5M | $178.7M | $178.3M | $150.9M | $153.2M | $128.1M | $191.8M | $125.3M | $286.2M |
| Lease obligations | — | — | $2.1M | — | — | — | $2.4M | — | — | — | $2.6M | — |
| Other long-term liabilities | $7.09B | $7.04B | $56.2M | $56.0M | $53.9M | $59.2M | $44.0M | $40.9M | $48.9M | $45.5M | $44.4M | $0 |
| Total liabilities | $7.23B | $7.21B | $7.23B | $7.28B | $7.21B | $7.37B | $5.58B | $5.52B | $5.53B | $5.46B | $5.49B | $5.47B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $37.6M | $37.6M | $37.5M | $37.5M | $37.5M | $37.5M | $29.7M | $29.7M | $29.7M | $29.7M | $29.6M | $29.6M |
| Retained earnings (deficit) | $631.1M | $604.5M | $582.9M | $558.1M | $533.8M | $513.3M | $513.6M | $498.3M | $485.3M | $472.7M | $461.6M | $447.5M |
| Accumulated other comprehensive income | −$165.2M | −$174.7M | −$164.9M | −$182.4M | −$207.6M | −$209.7M | −$220.5M | −$175.0M | −$217.9M | −$237.0M | −$217.1M | −$327.6M |
| Total shareholders' equity | $1.21B | $1.17B | $1.16B | $1.12B | $1.07B | $1.05B | $715.1M | $744.6M | $687.8M | $655.3M | $663.6M | $538.4M |
| Key figures | ||||||||||||
| Total debt | $174.1M | $174.7M | $182.7M | $211.0M | $202.0M | $216.5M | $210.1M | $204.2M | $166.6M | $191.8M | $193.9M | $286.2M |
| Net cash (debt) | −$80.0M | −$98.7M | $1.05B | $1.04B | $1.01B | $969.5M | $914.8M | $1.42B | $1.28B | $1.40B | $1.48B | $1.26B |
| Working capital | $62.1M | $81.3M | −$5.80B | −$5.80B | −$5.76B | −$5.95B | −$4.26B | −$3.70B | −$3.91B | −$3.63B | −$3.64B | −$3.48B |
| Tangible book value | $807.2M | $767.8M | $753.1M | $708.1M | $652.3M | $627.6M | $532.0M | $561.0M | $503.7M | $469.2M | $476.9M | $351.0M |
| Book value per share | $32.25 | $31.31 | $31.00 | $30.63 | $29.64 | $30.16 | $24.09 | $25.09 | $23.18 | $22.14 | $22.44 | $18.21 |
| Shares outstanding | 37.6M | 37.5M | 37.5M | 36.6M | 36.1M | 34.7M | 29.7M | 29.7M | 29.7M | 29.6M | 29.6M | 29.6M |
| Current ratio | 2.93 | 3.51 | 0.18 | 0.18 | 0.17 | 0.17 | 0.21 | 0.31 | 0.27 | 0.31 | 0.32 | 0.33 |
| Quick ratio | 4.12 | 3.51 | 0.18 | 0.18 | 0.17 | 0.17 | 0.21 | 0.31 | 0.27 | 0.31 | 0.32 | 0.33 |
| Debt / equity | 0.14 | 0.15 | 0.16 | 0.19 | 0.19 | 0.21 | 0.29 | 0.27 | 0.24 | 0.29 | 0.29 | 0.53 |
| Equity / assets | 14.4% | 14.0% | 13.9% | 13.3% | 12.9% | 12.4% | 11.4% | 11.9% | 11.1% | 10.7% | 10.8% | 9.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
GABC financial position
At the end of fiscal 2025 (December 31, 2025), German American Bancorp had total assets of $8.4 billion (up 33.2% from a year earlier), total liabilities of $7.2 billion and shareholders' equity of $1.2 billion. It held $1.2 billion in cash and short-term investments against $182.7 million of debt, a net cash position of $1.1 billion. Its current ratio was 0.18. In the latest quarter (ended June 30, 2026) total assets were $8.4 billion and equity $1.2 billion.
Related: GABC income statement, GABC cash flow statement, GABC key metrics. See the GABC stock overview for the latest quote and news.
GABC balance sheet FAQ
What are German American Bancorp's total assets?
German American Bancorp reported total assets of $8.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $6.3 billion a year earlier.
How much debt does German American Bancorp have?
German American Bancorp had $182.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.16.
How much cash does German American Bancorp have?
German American Bancorp held $1.2 billion in cash and short-term investments at the end of fiscal 2025; with $182.7 million of debt that is net cash of $1.1 billion.
What is German American Bancorp's book value?
German American Bancorp's shareholders' equity (book value) was $1.2 billion at the end of fiscal 2025, or $31.59 per share.
What is German American Bancorp's current ratio?
German American Bancorp had current assets of $1.2 billion and current liabilities of $7.0 billion, a current ratio of 0.18 (current liabilities exceed current assets).
How much goodwill does German American Bancorp have?
German American Bancorp carried $409.3 million of goodwill and intangible assets, 4.9% of total assets, at the end of fiscal 2025.