German American Bancorp, Inc. (GABC) Income Statement
GABC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGABC revenue and net income
Where GABC's revenue goes
2025Each bar shows an amount and its share of revenue. GABC kept 23.1% of revenue as net income.
GABC profit margins
GABC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +54.5% | +20.6% | +16.3% | +16.2% |
| Gross profit | +61.2% | +10.5% | +12.2% | +12.8% |
| Operating income | +34.6% | +12.2% | +13.3% | +12.9% |
| Net income | +34.4% | +11.2% | +12.6% | +14.1% |
| EPS (diluted) | +7.4% | +2.8% | +5.2% | +7.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GABC quarterly EPS vs estimates
German American Bancorp beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 26, 2026 (estimate $1.01).
GABC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $487.4M | $315.4M | $316.9M | $278.1M | $229.8M | $228.8M | $222.0M | $170.8M | $142.9M | $135.4M |
| Cost of revenue | $145.4M | $103.2M | $68.8M | $24.7M | $3.0M | $36.7M | $36.6M | $21.2M | $12.9M | $9.7M |
| Gross profit | $342.0M | $212.2M | $248.1M | $253.4M | $226.8M | $192.2M | $185.4M | $149.6M | $130.0M | $125.7M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $116.7M | $89.1M | $90.9M | $90.4M | $74.2M | $72.4M | $68.6M | $55.8M | $51.1M | $47.8M |
| Total operating expenses | $201.9M | $108.1M | $144.5M | $154.2M | $124.0M | $117.1M | $114.2M | $93.6M | $77.8M | $76.6M |
| Operating income | $140.1M | $104.1M | $103.6M | $99.2M | $102.8M | $75.0M | $71.2M | $56.1M | $52.2M | $49.1M |
| Interest income | $420.1M | $291.0M | $250.5M | $218.9M | $170.4M | $174.4M | $176.5M | $133.7M | $111.0M | $103.4M |
| Interest expense | $126.0M | $100.5M | $66.2M | $18.3M | $9.5M | $19.1M | $31.2M | $19.1M | $11.1M | $8.5M |
| Income before taxes | $140.1M | $104.1M | $103.6M | $99.2M | $102.8M | $75.0M | $71.2M | $56.1M | $52.2M | $49.1M |
| Income taxes | $27.4M | $20.3M | $17.8M | $17.4M | $18.6M | $12.8M | $12.0M | $9.5M | $11.5M | $13.9M |
| Net income | $112.6M | $83.8M | $85.9M | $81.8M | $84.1M | $62.2M | $59.2M | $46.5M | $40.7M | $35.2M |
| EBITDA | $158.8M | $113.4M | $113.1M | $109.3M | $111.6M | $84.5M | $79.9M | $62.2M | $56.9M | $53.4M |
| EPS (diluted) | $3.03 | $2.82 | $2.92 | $2.79 | $3.18 | $2.35 | $2.39 | $2.11 | $1.68 | $1.57 |
| Gross margin | 70.2% | 67.3% | 78.3% | 91.1% | 98.7% | 84.0% | 83.5% | 87.6% | 91.0% | 92.9% |
| Operating margin | 28.7% | 33.0% | 32.7% | 35.7% | 44.7% | 32.8% | 32.1% | 32.8% | 36.5% | 36.3% |
| Net margin | 23.1% | 26.6% | 27.1% | 29.4% | 36.6% | 27.2% | 26.7% | 27.2% | 28.5% | 26.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $126.9M | $122.9M | $126.7M | $126.5M | $123.2M | $111.1M | $90.7M | $88.5M | $52.2M | $84.1M | $82.6M | $80.4M |
| Cost of revenue | $28.5M | $28.9M | $32.9M | $33.1M | $34.5M | $44.9M | $26.1M | $26.7M | $26.2M | $24.2M | $21.4M | $19.0M |
| Gross profit | $98.5M | $94.1M | $93.8M | $93.5M | $88.7M | $66.1M | $64.5M | $61.8M | $25.9M | $59.9M | $61.2M | $61.5M |
| Sales, general & admin | $32.3M | $30.9M | $29.7M | $27.8M | $3.4M | $30.4M | $22.1M | $21.4M | $21.7M | $23.0M | $22.8M | $22.3M |
| Total operating expenses | $50.4M | $52.4M | $50.0M | $49.7M | $49.5M | $52.8M | $35.8M | $36.1M | −$649,000 | $36.7M | $35.7M | $35.4M |
| Operating income | $48.1M | $41.7M | $43.8M | $43.8M | $39.2M | $13.3M | $28.7M | $25.6M | $26.6M | $23.2M | $25.5M | $26.0M |
| Interest income | $108.2M | $105.7M | $109.3M | $108.1M | $106.4M | $96.2M | $76.6M | $74.7M | $71.6M | $68.3M | $67.0M | $65.6M |
| Interest expense | $27.0M | $26.9M | $30.7M | $32.4M | $33.3M | $29.6M | $25.5M | $26.1M | $25.6M | $23.3M | $21.4M | $18.1M |
| Income before taxes | $48.1M | $41.7M | $43.8M | $43.8M | $39.2M | $13.3M | $28.7M | $25.6M | $26.6M | $23.2M | $25.5M | $26.0M |
| Income taxes | $9.9M | $8.6M | $8.1M | $8.7M | $7.8M | $2.8M | $5.5M | $4.6M | $6.1M | $4.2M | $4.0M | $4.6M |
| Net income | $38.2M | $33.2M | $35.7M | $35.1M | $31.4M | $10.5M | $23.2M | $21.0M | $20.5M | $19.0M | $21.5M | $21.5M |
| EBITDA | $52.8M | $46.6M | $48.8M | $48.9M | $44.0M | $17.1M | $31.0M | $27.9M | $28.9M | $25.5M | $27.8M | $28.4M |
| EPS (diluted) | $1.02 | $0.88 | $0.95 | $0.92 | $0.86 | $0.30 | $0.78 | $0.71 | $0.69 | $0.64 | $0.73 | $0.73 |
| Gross margin | 77.6% | 76.5% | 74.0% | 73.9% | 72.0% | 59.5% | 71.2% | 69.8% | 49.7% | 71.3% | 74.1% | 76.4% |
| Operating margin | 37.9% | 33.9% | 34.6% | 34.6% | 31.8% | 12.0% | 31.6% | 29.0% | 51.0% | 27.6% | 30.8% | 32.4% |
| Net margin | 30.1% | 27.0% | 28.2% | 27.7% | 25.5% | 9.5% | 25.6% | 23.8% | 39.3% | 22.6% | 26.0% | 26.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GABC's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GABC financial results
In fiscal year 2025 (ended December 31, 2025), German American Bancorp reported revenue of $487.4 million, up 54.5% from the year before. It had net income of $112.6 million (up 34.4%), a net profit margin of 23.1%. Diluted earnings per share came to $3.03. Over five years revenue grew at an average rate of 16.3% a year.
See the GABC stock overview for the latest quote and news, or the GABC chart for price history and technical indicators.
GABC income statement FAQ
What is German American Bancorp's annual revenue?
German American Bancorp reported total revenue of $487.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 54.5% from $315.4 million the previous year.
Is German American Bancorp profitable?
Yes. German American Bancorp reported net income of $112.6 million in fiscal 2025, a net profit margin of 23.1%; its operating margin was 28.7%.
What is German American Bancorp's gross margin?
German American Bancorp's gross margin was 70.2% in fiscal 2025: for every $100 of revenue, German American Bancorp kept $70 after the direct cost of its products and services.
How fast is German American Bancorp growing?
Revenue grew 16.3% a year on average over the last five fiscal years, from $228.8 million to $487.4 million.
What are German American Bancorp's earnings per share?
German American Bancorp earned $3.03 per diluted share in fiscal 2025, compared with $2.82 a year earlier.
When will German American Bancorp report its next earnings?
German American Bancorp is expected to report results for the quarter ending September 30, 2026 on October 26, 2026 after the market closes.
When does German American Bancorp's fiscal year end?
German American Bancorp's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.