German American Bancorp Management

Management criteria checks 4/4

German American Bancorp's CEO is D. Dauby, appointed in Jan 2021, has a tenure of 3.83 years. total yearly compensation is $1.42M, comprised of 44.1% salary and 55.9% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth €2.39M. The average tenure of the management team and the board of directors is 3.8 years and 13.8 years respectively.

Key information

D. Dauby

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage	44.1%
CEO tenure	3.8yrs
CEO ownership	0.2%
Management average tenure	3.8yrs
Board average tenure	13.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has D. Dauby's remuneration changed compared to German American Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$82m
Jun 30 2024	n/a	n/a	US$83m
Mar 31 2024	n/a	n/a	US$84m
Dec 31 2023	US$1m	US$625k	US$86m
Sep 30 2023	n/a	n/a	US$89m
Jun 30 2023	n/a	n/a	US$92m
Mar 31 2023	n/a	n/a	US$94m
Dec 31 2022	US$1m	US$580k	US$82m
Sep 30 2022	n/a	n/a	US$77m
Jun 30 2022	n/a	n/a	US$74m
Mar 31 2022	n/a	n/a	US$74m
Dec 31 2021	US$972k	US$425k	US$84m
Sep 30 2021	n/a	n/a	US$86m
Jun 30 2021	n/a	n/a	US$79m
Mar 31 2021	n/a	n/a	US$69m
Dec 31 2020	US$613k	US$310k	US$62m
Sep 30 2020	n/a	n/a	US$57m
Jun 30 2020	n/a	n/a	US$56m
Mar 31 2020	n/a	n/a	US$57m
Dec 31 2019	US$422k	US$235k	US$59m
Sep 30 2019	n/a	n/a	US$54m
Jun 30 2019	n/a	n/a	US$54m
Mar 31 2019	n/a	n/a	US$50m
Dec 31 2018	US$373k	US$220k	US$47m
Sep 30 2018	n/a	n/a	US$47m
Jun 30 2018	n/a	n/a	US$44m
Mar 31 2018	n/a	n/a	US$43m
Dec 31 2017	US$408k	US$210k	US$41m

Compensation vs Market: D.'s total compensation ($USD1.42M) is about average for companies of similar size in the German market ($USD1.64M).

Compensation vs Earnings: D.'s compensation has been consistent with company performance over the past year.

CEO

D. Dauby (60 yo)

3.8yrs

Tenure

US$1,418,115

Compensation

Mr. D. Neil Dauby has been Chief Executive Officer of German American Bancorp, Inc. since January 1, 2022 and also serves as its Chairman since May 18, 2023. Mr. Dauby has been Chief Executive Officer of G...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
D. Dauby	CEO & Chairman	3.8yrs	US$1.42m	0.18% € 2.4m
Bradley Rust	President	19.6yrs	US$951.24k	0.25% € 3.2m
Clay Barrett	Executive VP and Chief Digital & Information Officer	2.8yrs	US$533.30k	0.039% € 509.9k
Amy Jackson	Executive VP & Chief Administrative Officer	no data	US$581.72k	0.041% € 532.3k
Michael Beckwith	Executive VP & Chief Banking Officer	6.1yrs	US$673.25k	0.10% € 1.3m
Vicki Schuler	Senior VP	3.8yrs	no data	0.041% € 527.7k
Terri Eckerle	Vice President	no data	no data	no data
Bradley Arnett	Senior VP	1.2yrs	no data	0.015% € 190.4k
Jane Balsmeyer	Senior Vice President of Marketing	no data	no data	no data
Ann Brown	Senior VP & Director of Human Capital	2.8yrs	no data	no data
Brock Goggins	Senior Vice President of Retail Banking	7.3yrs	no data	no data
C. Brown	Senior Regional President	3.8yrs	no data	no data

3.8yrs

Average Tenure

53yo

Average Age

Experienced Management: GAB's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
D. Dauby	CEO & Chairman	3.3yrs	US$1.42m	0.18% € 2.4m
Michael Hinton	Member of Advisory Board	13.8yrs	no data	no data
William Richardson	Member of Advisory Board	13.8yrs	no data	no data
Barney Maynard	Member of Advisory Board	13.8yrs	no data	no data
Marc Fine	Independent Director	13.8yrs	US$97.12k	0.15% € 1.9m
Danny Bateman	Member of Advisory Board	13.8yrs	no data	no data
Daniel Aiken	Member of Advisory Board	13.8yrs	no data	no data
M. Root	Independent Director	11.8yrs	US$94.92k	0.059% € 762.0k
Thomas Seger	Lead Independent Director	13.3yrs	US$123.02k	1.82% € 23.5m
Gene Pfeiffer	Member of Advisory Board	13.8yrs	no data	no data
Zachary Bawel	Independent Director	6.3yrs	US$93.72k	0.069% € 886.1k
Jason Kelly	Independent Director	5.8yrs	US$91.42k	0.047% € 607.7k

13.8yrs

Average Tenure

66yo

Average Age

Experienced Board: GAB's board of directors are seasoned and experienced ( 13.8 years average tenure).

German American Bancorp Management

Management criteria checks 4/4

Key information

Recent management updates

German American Bancorp, Inc. Appoints Mary Moorhouse as Chief Risk Officer

German American Bancorp, Inc., Annual General Meeting, Apr 29, 2024

Insufficient new directors

German American Bancorp, Inc. and German American Bank Announce Management Changes

Lead Independent Director recently bought €196k worth of stock

Lead Independent Director recently bought €216k worth of stock

Recent updates

Third quarter dividend of US$0.27 announced

Third quarter 2024 earnings released: EPS: US$0.71 (vs US$0.72 in 3Q 2023)

German American Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on November 20, 2024

Second quarter dividend of US$0.27 announced

Second quarter 2024 earnings released: EPS: US$0.69 (vs US$0.75 in 2Q 2023)

German American Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on August 20, 2024

German American Bancorp, Inc. (NasdaqGS:GABC) entered into a definitive agreement to acquire Heartland BancCorp (OTCPK:HLAN) from a group of shareholders for approximately $350 million.

First quarter dividend of US$0.27 announced

German American Bancorp, Inc. Reports Net Charge-Offs for the First Quarter Ended March 31, 2024

First quarter 2024 earnings released: EPS: US$0.64 (vs US$0.70 in 1Q 2023)

German American Bancorp, Inc. Appoints Mary Moorhouse as Chief Risk Officer

German American Bancorp, Inc., Annual General Meeting, Apr 29, 2024

Insufficient new directors

German American Bancorp, Inc. and German American Bank Announce Management Changes

Full year 2023 earnings released: EPS: US$2.91 (vs US$2.78 in FY 2022)

Fourth quarter dividend of US$0.27 announced

Full year 2023 earnings released: EPS: US$2.91 (vs US$2.78 in FY 2022)

Lead Independent Director recently bought €196k worth of stock

Lead Independent Director recently bought €216k worth of stock

Third quarter 2023 earnings released: EPS: US$0.72 (vs US$0.83 in 3Q 2022)

German American Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on November 20, 2023

Lead Independent Director recently bought €100k worth of stock

Lead Independent Director recently bought €160k worth of stock

Bradley C. Arnett to Join German American Bank as Senior Vice President, Chief Legal Officer and Corporate Secretary, Effective September 25, 2023

Lead Independent Director recently bought €151k worth of stock

Lead Independent Director recently bought €163k worth of stock

German American Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on August 20, 2023

Second quarter 2023 earnings released: EPS: US$0.75 (vs US$0.81 in 2Q 2022)

Insufficient new directors

German American Bancorp, Inc. Announces Executive Changes

Lead Independent Director recently bought €79k worth of stock

Upcoming dividend of US$0.25 per share at 3.5% yield

First quarter 2023 earnings released: EPS: US$0.70 (vs US$0.31 in 1Q 2022)

Full year 2022 earnings released: EPS: US$2.78 (vs US$3.17 in FY 2021)

Full year 2022 earnings released: EPS: US$2.78 (vs US$3.17 in FY 2021)

German American Bancorp, Inc. Declares Cash Dividend Increase, Payable on February 20, 2023

German American Bancorp, Inc. Appoints Angela Curry to its Board of Directors, Effective January 1, 2023

Third quarter 2022 earnings released: EPS: US$0.83 (vs US$0.81 in 3Q 2021)

German American Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on November 20, 2022

Upcoming dividend of US$0.23 per share

Second quarter 2022 earnings released: EPS: US$0.81 (vs US$0.90 in 2Q 2021)

German American Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on August 20, 2022

German American Bancorp, Inc., Annual General Meeting, May 18, 2023

German American Bancorp, Inc. Appoints Diane Medley to Corporate Board of Directors

Insufficient new directors

German American Bancorp, Inc. Announces Retirement of Mark A. Schroeder as an Executive Officer

First quarter 2022 earnings released: EPS: US$0.31 (vs US$0.74 in 1Q 2021)

German American Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on May 20, 2022

German American Bancorp, Inc., Annual General Meeting, May 19, 2022

German American Bancorp, Inc., Annual General Meeting, May 19, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Lead Independent Director recently bought €261k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

German American Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on February 20, 2022

Upcoming dividend of US$0.21 per share

Third quarter 2021 earnings released: EPS US$0.81 (vs US$0.55 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.90 (vs US$0.54 in 2Q 2020)

Independent Director Lee Mitchell has left the company

Co-Lead Independent Director has left the company

Independent Director has left the company

First quarter 2021 earnings released: EPS US$0.74 (vs US$0.47 in 1Q 2020)

German American Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on May 20, 2021

Executive Vice Chairman Clay Ewing has left the company

Co-Lead Independent Director recently sold €190k worth of stock

Executive Vice Chairman recently sold €411k worth of stock

Full year 2020 earnings released: EPS US$2.34 (vs US$2.29 in FY 2019)

Revenue beats expectations

New 90-day high: €29.40