Loading...

German American Bancorp

Nasdaq:GABC
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GABC
Nasdaq
$782M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

German American Bancorp, Inc. operates as the bank holding company for German American Bancorp that provides retail and commercial banking services. The last earnings update was 73 days ago. More info.


Add to Portfolio Compare Print
GABC Share Price and Events
7 Day Returns
-1.5%
NasdaqGS:GABC
-0%
US Banks
-1.2%
US Market
1 Year Returns
-21.3%
NasdaqGS:GABC
-8%
US Banks
3.3%
US Market
GABC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
German American Bancorp (GABC) -1.5% 0.6% -1.1% -21.3% 30.8% 70.5%
US Banks -0% 2.7% -0.8% -8% 45.6% 46.1%
US Market -1.2% 0.8% 0.9% 3.3% 35.9% 41.7%
1 Year Return vs Industry and Market
  • GABC underperformed the Banks industry which returned -8% over the past year.
  • GABC underperformed the Market in United States of America which returned 3.3% over the past year.
Price Volatility
GABC
Industry
5yr Volatility vs Market

GABC Value

 Is German American Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of German American Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for German American Bancorp.

NasdaqGS:GABC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= $21.96 * 11.7%
$2.56
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. $21.96
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:GABC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.597 (1 + (1- 21%) (41.89%))
0.862
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.862 * 5.96%)
7.87%

Discounted Cash Flow Calculation for NasdaqGS:GABC using Excess Returns Model Model

The calculations below outline how an intrinsic value for German American Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:GABC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.7% – 7.87%) * $21.96)
$0.84
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.84 / (7.87% - 2.73%)
$16.28
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $21.96 + $16.28
$38.24
NasdaqGS:GABC Discount to Share Price
Calculation Result
Value per share (USD) From above. $38.24
Current discount Discount to share price of $29.32
= -1 x ($29.32 - $38.24) / $38.24
23.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price German American Bancorp is available for.
Intrinsic value
23%
Share price is $29.32 vs Future cash flow value of $38.24
Current Discount Checks
For German American Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • German American Bancorp's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • German American Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for German American Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are German American Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:GABC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.08
NasdaqGS:GABC Share Price ** NasdaqGS (2019-07-22) in USD $29.32
United States of America Banks Industry PE Ratio Median Figure of 595 Publicly-Listed Banks Companies 12.72x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.86x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of German American Bancorp.

NasdaqGS:GABC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:GABC Share Price ÷ EPS (both in USD)

= 29.32 ÷ 2.08

14.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • German American Bancorp is overvalued based on earnings compared to the US Banks industry average.
  • German American Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does German American Bancorp's expected growth come at a high price?
Raw Data
NasdaqGS:GABC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
13.5%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.19x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqGS:GABC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.07x ÷ 13.5%

1.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • German American Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on German American Bancorp's assets?
Raw Data
NasdaqGS:GABC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $19.17
NasdaqGS:GABC Share Price * NasdaqGS (2019-07-22) in USD $29.32
United States of America Banks Industry PB Ratio Median Figure of 595 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.79x
NasdaqGS:GABC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:GABC Share Price ÷ Book Value per Share (both in USD)

= 29.32 ÷ 19.17

1.53x

* Primary Listing of German American Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • German American Bancorp is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess German American Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. German American Bancorp has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GABC Future Performance

 How is German American Bancorp expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is German American Bancorp expected to grow at an attractive rate?
  • German American Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • German American Bancorp's earnings growth is positive but not above the United States of America market average.
  • German American Bancorp's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:GABC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:GABC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 13.5%
NasdaqGS:GABC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 14.2%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.8%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:GABC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:GABC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 207 66 2
2019-12-31 187 61 1
NasdaqGS:GABC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 159 64 50
2018-12-31 150 62 47
2018-09-30 139 54 47
2018-06-30 135 55 44
2018-03-31 132 46 43
2017-12-31 130 55 41
2017-09-30 131 53 39
2017-06-30 131 42 40
2017-03-31 131 53 40
2016-12-31 126 42 35
2016-09-30 118 35 33
2016-06-30 113 44 30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • German American Bancorp's earnings are expected to grow by 13.5% yearly, however this is not considered high growth (20% yearly).
  • German American Bancorp's revenue is expected to grow by 14.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:GABC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from German American Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GABC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.48 2.50 2.44 4.00
2019-12-31 2.36 2.38 2.35 3.00
NasdaqGS:GABC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.08
2018-12-31 1.99
2018-09-30 2.06
2018-06-30 1.93
2018-03-31 1.87
2017-12-31 1.77
2017-09-30 1.71
2017-06-30 1.73
2017-03-31 1.73
2016-12-31 1.57
2016-09-30 1.52
2016-06-30 1.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if German American Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess German American Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
German American Bancorp has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GABC Past Performance

  How has German American Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare German American Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • German American Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • German American Bancorp's 1-year earnings growth exceeds its 5-year average (16% vs 13.5%)
  • German American Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (16% vs 37.8%).
Earnings and Revenue History
German American Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from German American Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GABC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 158.88 49.78 78.72
2018-12-31 149.61 46.53 74.24
2018-09-30 139.29 47.17 70.19
2018-06-30 135.22 44.19 69.24
2018-03-31 132.35 42.93 67.35
2017-12-31 130.01 40.68 66.51
2017-09-30 130.86 39.12 65.87
2017-06-30 130.86 39.65 64.38
2017-03-31 130.98 39.59 62.98
2016-12-31 125.72 35.18 62.48
2016-09-30 118.33 32.83 56.72
2016-06-30 112.51 30.37 55.98
2016-03-31 104.71 27.90 53.06
2015-12-31 103.00 30.06 51.73
2015-09-30 102.28 30.00 50.92
2015-06-30 100.39 29.98 48.04
2015-03-31 99.44 29.35 47.73
2014-12-31 98.13 28.34 47.70
2014-09-30 96.92 27.29 47.99
2014-06-30 94.73 26.06 47.47
2014-03-31 94.12 25.91 46.75
2013-12-31 91.78 25.41 45.50
2013-09-30 89.77 25.02 44.10
2013-06-30 88.64 24.83 43.17
2013-03-31 86.71 24.26 42.18
2012-12-31 85.65 24.06 41.18
2012-09-30 83.87 23.43 40.56

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • German American Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • German American Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if German American Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess German American Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
German American Bancorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GABC Health

 How is German American Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of German American Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from German American Bancorp Company Filings, last reported 3 months ago.

NasdaqGS:GABC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 479.19 315.46 61.16
2018-12-31 458.64 374.62 83.34
2018-09-30 376.12 330.46 69.07
2018-06-30 370.54 357.60 74.13
2018-03-31 364.01 276.68 42.44
2017-12-31 364.57 273.20 60.96
2017-09-30 360.63 263.79 56.31
2017-06-30 354.95 265.21 45.69
2017-03-31 341.22 242.94 38.99
2016-12-31 330.27 255.59 54.45
2016-09-30 340.99 283.65 59.74
2016-06-30 332.36 282.26 59.65
2016-03-31 321.64 281.60 53.78
2015-12-31 252.35 270.68 44.95
2015-09-30 247.35 240.53 63.67
2015-06-30 237.05 240.47 52.81
2015-03-31 237.61 179.71 61.82
2014-12-31 228.82 202.60 35.78
2014-09-30 220.27 208.50 87.74
2014-06-30 214.34 225.93 57.66
2014-03-31 206.74 160.44 53.79
2013-12-31 200.10 137.78 53.67
2013-09-30 185.14 191.95 65.18
2013-06-30 181.86 176.00 40.26
2013-03-31 186.79 114.33 31.78
2012-12-31 185.03 158.86 41.23
2012-09-30 182.97 141.07 66.50
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • German American Bancorp has an acceptable proportion of non-loan assets held.
  • German American Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at German American Bancorp are broadly funded by customer deposits.
  • German American Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • German American Bancorp has a sufficient allowance for bad loans.
  • German American Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess German American Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. German American Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GABC Dividends

 What is German American Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.32%
Current annual income from German American Bancorp dividends. Estimated to be 2.33% next year.
If you bought $2,000 of German American Bancorp shares you are expected to receive $46 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • German American Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • German American Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.78%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:GABC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 480 Stocks 3.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:GABC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.70 5.00
2019-12-31 0.67 5.00
NasdaqGS:GABC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-29 0.680 2.314
2019-03-01 0.680 2.279
2019-01-29 0.680 2.230
2018-11-09 0.600 2.018
2018-10-29 0.600 1.902
2018-08-09 0.600 1.692
2018-07-30 0.600 1.629
2018-05-10 0.600 1.645
2018-04-30 0.600 1.704
2018-03-01 0.600 1.752
2018-01-30 0.600 1.756
2017-10-30 0.520 1.454
2017-07-31 0.520 1.495
2017-05-09 0.520 1.583
2017-04-24 0.520 1.562
2017-03-09 0.507 1.623
2017-01-31 0.507 1.576
2016-11-09 0.480 1.439
2016-10-31 0.480 1.784
2016-08-05 0.480 1.939
2016-07-25 0.480 2.105
2016-05-10 0.480 2.232
2016-04-28 0.480 2.221
2016-01-19 0.480 2.260
2015-11-09 0.453 2.057
2015-10-26 0.453 2.137
2015-08-07 0.453 2.297
2015-07-27 0.453 2.343
2015-05-11 0.453 2.318
2015-04-27 0.453 2.361
2015-03-09 0.453 2.313
2015-01-27 0.453 2.360
2014-11-07 0.427 2.194
2014-10-27 0.427 2.183
2014-08-08 0.427 2.387
2014-07-28 0.427 2.455
2014-05-01 0.427 2.408
2014-01-28 0.427 2.298
2013-11-12 0.400 2.106
2013-10-29 0.400 2.196
2013-08-06 0.400 2.403
2013-07-29 0.400 2.199
2013-05-10 0.400 2.618
2013-04-30 0.400 2.860
2013-01-29 0.400 2.733
2012-10-31 0.373 2.562
2012-07-30 0.373 2.463
2012-05-01 0.373 2.875
2012-01-31 0.373 2.805
2011-11-01 0.373 3.084
2011-08-05 0.373 3.458
2011-08-01 0.373 3.347
2011-07-26 0.373 3.332
2011-04-28 0.373 3.343
2011-02-01 0.373 3.301
2010-10-26 0.373 3.135
2010-07-26 0.373 3.387
2010-05-03 0.373 3.570
2010-01-27 0.373 3.605
2009-10-29 0.373 3.547
2009-07-27 0.373 3.471
2009-04-30 0.373 3.984
2009-01-27 0.373 4.922
2008-10-29 0.373 5.068
2008-08-07 0.373 4.596
2008-07-28 0.373 4.650
2008-07-24 0.373 4.869

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of German American Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess German American Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can German American Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. German American Bancorp has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GABC Management

 What is the CEO of German American Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Schroeder
COMPENSATION $989,026
AGE 65
TENURE AS CEO 20.5 years
CEO Bio

Mr. Mark A. Schroeder has been Chairman and Chief Executive Officer at German American Bancorp, Inc. since 2009 and 1999 respectively and has been its Director since 1991. Mr. Schroeder is the Chairman and Chief Executive Officer of German American Bank. He also serves as the Vice Chairman of the Board of Members of the Indiana Department of Financial Institutions since 2007. He has also served on the Boards of Directors of the Independent Community Bankers of America, the National Trade Association for community banking and on the Indiana Bankers Association. He has over 40 years of day-to-day banking experience, including experience as the German American Bancorp, Inc.'s chief lending officer, chief financial officer and chief operating officer. He earned a Bachelor of Science degree in Financial Management from the University of Evansville and holds a Certified Public Accounting (CPA) license from the State of Indiana in 1995. He graduated from the ABA Stonier Graduate School of Banking and the ABA Commercial Lending Graduate School.

CEO Compensation
  • Mark's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mark's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the German American Bancorp management team in years:

4.9
Average Tenure
59.5
Average Age
  • The tenure for the German American Bancorp management team is about average.
Management Team

Mark Schroeder

TITLE
Chairman & CEO
COMPENSATION
$989K
AGE
65
TENURE
20.5 yrs

Clay Ewing

TITLE
President & Secretary
COMPENSATION
$543K
AGE
63

Brad Rust

TITLE
Executive VP & CFO
COMPENSATION
$469K
AGE
52
TENURE
14.3 yrs

Keith Leinenbach

TITLE
Executive VP & Chief Credit Officer
COMPENSATION
$382K
AGE
60

Randy Braun

TITLE
Executive VP & Chief Retail Banking & Development Officer
COMPENSATION
$381K
AGE
59
TENURE
3 yrs

D. Dauby

TITLE
Executive VP & Chief Commercial Banking Officer
COMPENSATION
$373K
AGE
55
TENURE
3 yrs

Terri Eckerle

TITLE
Vice President

Lisa Matheis

TITLE
Vice President of Human Resources

H. Basham

TITLE
Senior VP & Senior Wealth Advisor

Michael Kern

TITLE
Senior Vice President of Commercial Banking
TENURE
4.9 yrs
Board of Directors Tenure

Average tenure and age of the German American Bancorp board of directors in years:

8.5
Average Tenure
65.5
Average Age
  • The tenure for the German American Bancorp board of directors is about average.
Board of Directors

Mark Schroeder

TITLE
Chairman & CEO
COMPENSATION
$989K
AGE
65
TENURE
10.5 yrs

U. Klem

TITLE
Lead Independent Director
COMPENSATION
$82K
AGE
68
TENURE
10.5 yrs

Tom Seger

TITLE
Director
COMPENSATION
$70K
AGE
61
TENURE
7.9 yrs

Marc Fine

TITLE
Director
COMPENSATION
$74K
AGE
59
TENURE
8.5 yrs

M. Root

TITLE
Director
COMPENSATION
$70K
AGE
58
TENURE
6.5 yrs

Dave Lett

TITLE
Director
COMPENSATION
$63K
AGE
66
TENURE
19.5 yrs

Chris Ernst

TITLE
Director
COMPENSATION
$63K
AGE
69
TENURE
15.5 yrs

Chris Ramsey

TITLE
Director
COMPENSATION
$60K
AGE
62
TENURE
8.5 yrs

Daniel Aiken

TITLE
Member of Advisory Board
AGE
69
TENURE
8.5 yrs

Danny Bateman

TITLE
Member of Advisory Board
AGE
69
TENURE
8.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by German American Bancorp individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Jul 19 Buy Thomas Seger Individual 15. Jul 19 15. Jul 19 672 $29.77 $20,005
19. Jul 19 Buy Raymond Snowden Individual 15. Jul 19 15. Jul 19 672 $29.77 $20,005
19. Jul 19 Buy Christopher Ramsey Individual 15. Jul 19 15. Jul 19 672 $29.77 $20,005
19. Jul 19 Buy Christina Ernst Individual 15. Jul 19 15. Jul 19 672 $29.77 $20,005
19. Jul 19 Buy Marc Fine Individual 15. Jul 19 15. Jul 19 168 $29.77 $5,001
19. Jul 19 Buy Jason Kelly Individual 15. Jul 19 15. Jul 19 672 $29.77 $20,005
19. Jul 19 Buy Zachary Bawel Individual 15. Jul 19 15. Jul 19 672 $29.77 $20,005
19. Jul 19 Buy U. Klem Individual 15. Jul 19 15. Jul 19 672 $29.77 $20,005
19. Jun 19 Buy Zachary Bawel Individual 17. Jun 19 17. Jun 19 47 $29.52 $1,387
19. Jun 19 Buy Christopher Ramsey Individual 17. Jun 19 17. Jun 19 24 $29.52 $708
19. Jun 19 Buy Raymond Snowden Individual 17. Jun 19 17. Jun 19 24 $29.52 $708
19. Jun 19 Buy Thomas Seger Individual 17. Jun 19 17. Jun 19 24 $29.52 $708
19. Jun 19 Buy U. Klem Individual 17. Jun 19 17. Jun 19 24 $29.52 $708
19. Jun 19 Buy Jason Kelly Individual 17. Jun 19 17. Jun 19 24 $29.52 $708
17. May 19 Buy Thomas Seger Individual 15. May 19 15. May 19 96 $29.05 $2,789
17. May 19 Buy Christopher Ramsey Individual 15. May 19 15. May 19 73 $29.05 $2,121
17. May 19 Buy Raymond Snowden Individual 15. May 19 15. May 19 72 $29.05 $2,092
17. May 19 Buy U. Klem Individual 15. May 19 15. May 19 96 $29.05 $2,789
17. May 19 Buy Zachary Bawel Individual 15. May 19 15. May 19 48 $29.05 $1,394
17. May 19 Buy Jason Kelly Individual 15. May 19 15. May 19 24 $29.05 $697
17. Apr 19 Buy Thomas Seger Individual 15. Apr 19 15. Apr 19 118 $29.68 $3,502
17. Apr 19 Buy Christopher Ramsey Individual 15. Apr 19 15. Apr 19 47 $29.68 $1,395
17. Apr 19 Buy U. Klem Individual 15. Apr 19 15. Apr 19 118 $29.68 $3,502
17. Apr 19 Buy Raymond Snowden Individual 15. Apr 19 15. Apr 19 71 $29.68 $2,107
17. Apr 19 Buy Jason Kelly Individual 15. Apr 19 15. Apr 19 47 $29.68 $1,395
17. Apr 19 Buy Zachary Bawel Individual 15. Apr 19 15. Apr 19 71 $29.68 $2,107
26. Mar 19 Buy Thomas Seger Individual 25. Mar 19 25. Mar 19 732 $28.25 $20,679
26. Mar 19 Buy U. Klem Individual 25. Mar 19 25. Mar 19 1,000 $28.35 $28,350
25. Mar 19 Buy Thomas Seger Individual 22. Mar 19 22. Mar 19 4,000 $28.50 $114,000
22. Mar 19 Buy Thomas Seger Individual 21. Mar 19 21. Mar 19 3,865 $28.90 $111,699
22. Mar 19 Buy Jason Kelly Individual 15. Mar 19 15. Mar 19 23 $30.51 $702
21. Mar 19 Buy Raymond Snowden Individual 15. Mar 19 15. Mar 19 69 $30.51 $2,105
21. Mar 19 Buy Zachary Bawel Individual 15. Mar 19 15. Mar 19 69 $30.51 $2,105
21. Mar 19 Buy Christopher Ramsey Individual 15. Mar 19 15. Mar 19 23 $30.51 $702
21. Mar 19 Buy U. Klem Individual 15. Mar 19 15. Mar 19 115 $30.51 $3,509
21. Mar 19 Buy Thomas Seger Individual 19. Mar 19 20. Mar 19 3,092 $30.51 $90,707
08. Mar 19 Buy Thomas Seger Individual 07. Mar 19 07. Mar 19 1,000 $29.50 $29,500
21. Feb 19 Buy Christopher Ramsey Individual 20. Feb 19 20. Feb 19 91 $30.85 $2,807
13. Mar 19 Buy U. Klem Individual 21. Feb 19 21. Feb 19 68 $30.85 $2,098
21. Feb 19 Buy Thomas Seger Individual 20. Feb 19 20. Feb 19 69 $30.85 $2,129
21. Feb 19 Buy Zachary Bawel Individual 20. Feb 19 20. Feb 19 45 $30.85 $1,388
21. Feb 19 Buy Jason Kelly Individual 20. Feb 19 20. Feb 19 451 $30.85 $13,913
21. Feb 19 Buy Raymond Snowden Individual 20. Feb 19 20. Feb 19 68 $30.85 $2,098
17. Jan 19 Buy U. Klem Individual 15. Jan 19 15. Jan 19 92 $30.56 $2,812
17. Jan 19 Buy Thomas Seger Individual 15. Jan 19 15. Jan 19 68 $30.56 $2,078
17. Jan 19 Buy Christopher Ramsey Individual 15. Jan 19 15. Jan 19 23 $30.56 $703
17. Jan 19 Buy Zachary Bawel Individual 15. Jan 19 15. Jan 19 23 $30.56 $703
17. Jan 19 Buy Raymond Snowden Individual 15. Jan 19 15. Jan 19 46 $30.56 $1,406
19. Dec 18 Buy U. Klem Individual 17. Dec 18 17. Dec 18 24 $29.06 $698
19. Dec 18 Buy Thomas Seger Individual 17. Dec 18 17. Dec 18 24 $29.06 $698
19. Dec 18 Buy Zachary Bawel Individual 17. Dec 18 17. Dec 18 48 $29.06 $1,395
19. Dec 18 Buy Raymond Snowden Individual 17. Dec 18 17. Dec 18 24 $29.06 $698
19. Dec 18 Buy Christopher Ramsey Individual 17. Dec 18 17. Dec 18 24 $29.06 $698
20. Nov 18 Buy Thomas Seger Individual 15. Nov 18 15. Nov 18 45 $31.20 $1,404
19. Nov 18 Buy Christopher Ramsey Individual 15. Nov 18 15. Nov 18 67 $31.20 $2,091
19. Nov 18 Buy Zachary Bawel Individual 15. Nov 18 15. Nov 18 272 $31.20 $8,487
19. Nov 18 Buy Raymond Snowden Individual 15. Nov 18 15. Nov 18 67 $31.20 $2,091
19. Nov 18 Buy U. Klem Individual 15. Nov 18 15. Nov 18 248 $31.20 $7,738
09. Nov 18 Buy CIK Partnership LP Company 09. Nov 18 09. Nov 18 827 $31.83 $26,323
08. Nov 18 Buy Thomas Seger Individual 06. Nov 18 07. Nov 18 4,000 $31.40 $124,800
05. Nov 18 Buy Thomas Seger Individual 02. Nov 18 05. Nov 18 4,000 $31.25 $125,000
19. Oct 18 Buy Zachary Bawel Individual 17. Oct 18 17. Oct 18 605 $33.08 $20,013
19. Oct 18 Buy Christina Ernst Individual 17. Oct 18 17. Oct 18 261 $33.08 $8,634
19. Oct 18 Buy Thomas Seger Individual 17. Oct 18 17. Oct 18 452 $33.08 $14,952
19. Oct 18 Buy Raymond Snowden Individual 17. Oct 18 17. Oct 18 322 $33.08 $10,652
19. Oct 18 Buy Christopher Ramsey Individual 17. Oct 18 17. Oct 18 280 $33.08 $9,262
19. Oct 18 Buy U. Klem Individual 17. Oct 18 17. Oct 18 605 $33.08 $20,013
X
Management checks
We assess German American Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. German American Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GABC News

Simply Wall St News

Should German American Bancorp (NASDAQ:GABC) Be Disappointed With Their 67% Profit?

To wit, the German American Bancorp share price has climbed 67% in five years, easily topping the market return of 41% (ignoring dividends). … During five years of share price growth, German American Bancorp achieved compound earnings per share (EPS) growth of 9.3% per year. … A Different Perspective While the broader market gained around 5.7% in the last year, German American Bancorp shareholders lost 20% (even including dividends).

Simply Wall St -

Is German American Bancorp, Inc.'s (NASDAQ:GABC) CEO Being Overpaid?

Check out our latest analysis for German American Bancorp How Does Mark Schroeder's Compensation Compare With Similar Sized Companies? … A first glance this seems like a real positive for shareholders, since Mark Schroeder is paid less than the average total compensation paid by similar sized companies. … I think that the total shareholder return of 42%, over three years, would leave most German American Bancorp, Inc.

Simply Wall St -

What Is German American Bancorp, Inc.'s (NASDAQ:GABC) Share Price Doing?

Let’s take a look at German American Bancorp’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … View our latest analysis for German American Bancorp Is German American Bancorp still cheap? … Another thing to keep in mind is that German American Bancorp’s share price may be quite stable relative to the rest of the market, as indicated by its low beta.

Simply Wall St -

Before You Buy German American Bancorp, Inc. (NASDAQ:GABC), Consider Its Volatility

This means that -- if history is a guide -- buying the stock would reduce the impact of overall market volatility in many portfolios (depending on the beta of the portfolio, of course). … German American Bancorp is a small cap stock with a market capitalisation of US$725m. … Small companies can have a low beta value when company specific factors outweigh the influence of overall market volatility.

Simply Wall St -

German American Bancorp, Inc. (NASDAQ:GABC): 2 Days To Buy Before The Ex-Dividend Date

(NASDAQ:GABC) will be distributing its dividend of US$0.17 per share on the 20 May 2019, and will start trading ex-dividend in 2 days time on the 09 May 2019. … Below, I will explain how holding German American Bancorp can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

Here's Why I Think German American Bancorp (NASDAQ:GABC) Might Deserve Your Attention Today

In contrast to all that, I prefer to spend time on companies like German American Bancorp (NASDAQ:GABC), which has not only revenues, but also profits. … How Quickly Is German American Bancorp Increasing Earnings Per Share. … German American Bancorp maintained stable EBIT margins over the last year, all while growing revenue 15% to US$150m.

Simply Wall St -

Can You Imagine How German American Bancorp's (NASDAQ:GABC) Shareholders Feel About The 61% Share Price Increase?

To wit, the German American Bancorp share price has climbed 61% in five years, easily topping the market return of 47% (ignoring dividends). … During five years of share price growth, German American Bancorp achieved compound earnings per share (EPS) growth of 8.5% per year. … It might be well worthwhile taking a look at our free report on German American Bancorp's earnings, revenue and cash flow.

Simply Wall St -

Financial Metrics For German American Bancorp, Inc. (NASDAQ:GABC)

As a small-cap finance stock with a market capitalisation of US$757m, the risk and profitability of German American Bancorp, Inc. … Strong management of leverage and liquidity could place the bank in a protected position at the face of macro headwinds. … We can gauge German American Bancorp’s risk-taking behaviour by analysing three metrics for leverage and liquidity which I will take you through now.

Simply Wall St -

Our Take On German American Bancorp, Inc.'s (NASDAQ:GABC) CEO Salary

Mark Schroeder became the CEO of German American Bancorp, Inc. … View our latest analysis for German American Bancorp? … How Does Mark Schroeder's Compensation Compare With Similar Sized Companies.

Simply Wall St -

Is It Too Late To Consider Buying German American Bancorp, Inc. (NASDAQ:GABC)?

German American Bancorp, Inc. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s examine German American Bancorp’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

Simply Wall St -

GABC Company Info

Description

German American Bancorp, Inc. operates as the bank holding company for German American Bancorp that provides retail and commercial banking services. The company operates through three segments: Core Banking, Trust and Investment Advisory Services, and Insurance Operations. The Core Banking segment accepts various deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market. The Trust and Investment Advisory Services segment provides trust, investment advisory, and brokerage services. The Insurance Operations segment offers a range of personal and corporate property and casualty insurance products. As of February 21, 2019, the company operated 65 banking offices in 20 contiguous southern Indiana counties and 4 counties in Kentucky. German American Bancorp, Inc. was founded in 1910 and is headquartered in Jasper, Indiana.

Details
Name: German American Bancorp, Inc.
GABC
Exchange: NasdaqGS
Founded: 1910
$782,277,303
26,680,672
Website: http://www.germanamerican.com
Address: German American Bancorp, Inc.
711 Main Street,
Box 810,
Jasper,
Indiana, 47546,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS GABC Common Stock Nasdaq Global Select US USD 18. May 1993
DB GAB Common Stock Deutsche Boerse AG DE EUR 18. May 1993
Number of employees
Current staff
Staff numbers
747
German American Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 23:36
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/08
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.