German American Bancorp
Market Cap
US$914.3m
Last Updated
2020/02/16 23:41 UTC
Data Sources
Company Financials +
Executive Summary
German American Bancorp, Inc. operates as the bank holding company for German American Bancorp that provides retail and commercial banking services.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record and pays a dividend.
Similar Companies
Share Price & News
How has German American Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GABC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.5%
GABC
0.5%
US Banks
1.5%
US Market
1 Year Return
10.6%
GABC
12.1%
US Banks
20.1%
US Market
Return vs Industry: GABC underperformed the US Banks industry which returned 12.1% over the past year.
Return vs Market: GABC underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| GABC | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | 0.5% | 1.5% |
| 30 Day | -3.5% | -1.3% | 1.4% |
| 90 Day | 2.1% | 1.2% | 8.7% |
| 1 Year | 13.0%10.6% | 15.4%12.1% | 22.7%20.1% |
| 3 Year | 9.8%3.8% | 25.2%16.2% | 50.1%40.5% |
| 5 Year | 94.5%76.2% | 75.9%55.9% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is German American Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
How Much Are German American Bancorp, Inc. (NASDAQ:GABC) Insiders Spending On Buying Shares?2 weeks ago | Simply Wall St
German American Bancorp, Inc. (NASDAQ:GABC)'s Could Be A Buy For Its Upcoming Dividend3 weeks ago | Simply Wall St
Does The German American Bancorp, Inc. (NASDAQ:GABC) Share Price Fall With The Market?Valuation
Is German American Bancorp undervalued compared to its fair value and its price relative to the market?
20.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GABC ($34.28) is trading below our estimate of fair value ($42.87)
Significantly Below Fair Value: GABC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GABC is poor value based on its PE Ratio (14.9x) compared to the Banks industry average (12.6x).
PE vs Market: GABC is good value based on its PE Ratio (14.9x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: GABC is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: GABC is overvalued based on its PB Ratio (1.6x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is German American Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
4.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GABC's forecast earnings growth (4.3% per year) is above the savings rate (1.7%).
Earnings vs Market: GABC's earnings (4.3% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: GABC's earnings are forecast to grow, but not significantly.
Revenue vs Market: GABC's revenue (5.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: GABC's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GABC's Return on Equity is forecast to be low in 3 years time (10.3%).
Next Steps
Past Performance
How has German American Bancorp performed over the past 5 years?
15.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GABC has high quality earnings.
Growing Profit Margin: GABC's current net profit margins (31.9%) are higher than last year (31.1%).
Past Earnings Growth Analysis
Earnings Trend: GABC's earnings have grown by 15.2% per year over the past 5 years.
Accelerating Growth: GABC's earnings growth over the past year (27.3%) exceeds its 5-year average (15.2% per year).
Earnings vs Industry: GABC earnings growth over the past year (27.3%) exceeded the Banks industry 12.1%.
Return on Equity
High ROE: GABC's Return on Equity (10.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is German American Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: GABC has a low level of unsold assets or inventory.
Debt Coverage by Assets: GABC's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: GABC's level of assets compared to its equity is low.
Allowance for Bad Loans: GABC has a sufficient allowance for bad loans.
Low Risk Liabilities: GABC's liabilities are made up of primarily low risk sources of funding.
Loan Level: GABC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: GABC's loans are broadly funded by customer deposits.
Level of Bad Loans: GABC has an appropriate level of bad loans (0.45%)
Next Steps
Dividend
What is German American Bancorp's current dividend yield, its reliability and sustainability?
2.22%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GABC's dividend (2.22%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: GABC's dividend (2.22%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: GABC's dividends per share have been stable in the past 10 years.
Growing Dividend: GABC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.5%), GABC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GABC's dividends in 3 years are forecast to be well covered by earnings (31.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.5yrs
Average management tenure
CEO
Mark Schroeder (65yo)
21.1yrs
Tenure
US$922,226
Compensation
Mr. Mark A. Schroeder has been Chairman and Chief Executive Officer at German American Bancorp, Inc. since 2009 and 1999 respectively and has been its Director since 1991. Mr. Schroeder is the Chairman and ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD922.23K) is below average for companies of similar size in the US market ($USD2.47M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 21.1yrs | US$922.23k | 0.59% $5.4m | |
| President & Secretary | 0yrs | US$542.62k | 0.34% $3.1m | |
| Executive VP & CFO | 14.8yrs | US$469.12k | 0.17% $1.6m | |
| Executive VP & Chief Credit Officer | 0yrs | US$382.05k | 0.15% $1.3m | |
| Executive VP & Chief Retail Banking & Development Officer | 3.6yrs | US$381.05k | 0.060% $545.7k | |
| Executive VP & Chief Commercial Banking Officer | 3.6yrs | US$372.65k | 0.064% $580.7k | |
| Vice President | 0yrs | no data | no data | |
| Vice President of Human Resources | 0yrs | no data | no data | |
| Senior VP & Senior Wealth Advisor | 0yrs | no data | no data | |
| Senior Vice President of Commercial Banking | 5.5yrs | no data | no data |
5.5yrs
Average Tenure
59.5yo
Average Age
Experienced Management: GABC's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 21.1yrs | US$922.23k | 0.59% $5.4m | |
| Independent Director | 20.1yrs | US$63.23k | 0.32% $2.9m | |
| Independent Director | 16.1yrs | US$62.63k | 0.20% $1.8m | |
| Lead Independent Director | 11.1yrs | US$82.43k | 1.24% $11.3m | |
| Independent Director | 9.1yrs | US$59.73k | 0.87% $7.9m | |
| Independent Director | 9.1yrs | US$74.23k | 0.14% $1.3m | |
| Member of Advisory Board | 9.1yrs | no data | no data | |
| Member of Advisory Board | 9.1yrs | no data | no data | |
| Independent Director | 7.1yrs | US$70.18k | 0.049% $444.1k | |
| Independent Director | 8.5yrs | US$70.33k | 1.29% $11.8m |
9.1yrs
Average Tenure
65.5yo
Average Age
Experienced Board: GABC's board of directors are considered experienced (9.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GABC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.4%.
Top Shareholders
Company Information
German American Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: German American Bancorp, Inc.
- Ticker: GABC
- Exchange: NasdaqGS
- Founded: 1910
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$914.294m
- Shares outstanding: 26.67m
- Website: https://www.germanamerican.com
Number of Employees
Location
- German American Bancorp, Inc.
- 711 Main Street
- Box 810
- Jasper
- Indiana
- 47546
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GABC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | May 1993 |
| GAB | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 1993 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:41 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.