German American Bancorp (GABC)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $1.8B, German American Bancorp's free cash flow of $154M (fiscal 2025) would need to grow about -2% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from German American Bancorp's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from GABC's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from German American Bancorp's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $220M | $278M | $317M | $354M | $487M |
| Net income | $84M | $82M | $86M | $84M | $113M |
| Free cash flow | $96M | $102M | $101M | $91M | $154M |
| EPS (diluted) | $3.17 | $2.78 | $2.91 | $2.83 | $3.06 |
| Operating margin | — | — | — | — | — |
Superinvestors who own GABC
From each investor's latest 13F filing (what a 13F shows).
Insider buying
Open-market purchases by German American Bancorp's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you. Every purchase since records began.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Sep 15, 2026 | Andrew M Seger Director |
150 | $49.89 | $7,500 |
| Sep 15, 2026 | Zachary W Bawel Director |
401 | $49.89 | $20,000 |
| Sep 15, 2026 | Christina M Ryan Director |
124 | $49.89 | $6,200 |
| Apr 15, 2026 | Zachary W Bawel Director |
23 | $43.58 | $1,002 |
| Apr 15, 2026 | Jack Sheidler Director |
25 | $43.58 | $1,090 |
| Mar 17, 2026 | Zachary W Bawel |
25 | $40.48 | $1,012 |
| Mar 17, 2026 | Susan J Ellspermann |
49 | $40.48 | $1,984 |
| Mar 17, 2026 | Jack Sheidler |
25 | $40.84 | $1,021 |
| Mar 17, 2026 | Christina M Ryan |
49 | $40.84 | $2,001 |
| Mar 17, 2026 | Andrew M Seger |
52 | $40.48 | $2,105 |
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In the full deep dive
Questions
What growth does German American Bancorp's stock price imply?
At a market value of $1.8B, German American Bancorp would need its free cash flow to grow about -2% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 17% a year.
Are German American Bancorp insiders buying the stock?
10 open-market insider purchases of GABC in the last 12 months, from SEC Form 4 filings.
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Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.