Filing Flows › Financials › German American Bancorp (GABC)
German American Bancorp (GABC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · German American Bancorp (GABC) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $130M · 30¢ of every $1 of revenue kept as net profit · operating margin 37.5%
German American Bancorp made $130M in Q3 2026 (+2% Y/Y). Operating margin 37.5%, net earnings $38.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $129.5M in Q3 2026, up 2% year over year and up 2% from the previous quarter.
Operating profit was $48.6M, a 37.5% margin (up 2.9 points year over year). Of the extra revenue versus Q3 2025, 161% reached operating profit, above the 35% margin then. Total costs fell 2% while revenue rose 2%. The fastest-growing cost line was Sales & marketing (+31%). Net earnings were $38.6M, up 10% year over year. The effective tax rate was 20.5%.
Operating cash flow was $33.3M (down 36% year over year), 86% of net earnings. Non-cash charges added back $4.7M of depreciation and amortization and $854K of share-based compensation. Working capital and other items used $10.9M. Capital expenditures of $1.8M left free cash flow of $31.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $130M | +2% | 37.5% | $38.6M | $33.3M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $127M | +3% | 37.9% | $38.2M | $58.1M |
| Q1 2026 | 10-Q | May 6, 2026 | $123M | +11% | 33.9% | $33.2M | $37.0M |
| Q4 2025 | 10-K | Feb 27, 2026 | $127M | +40% | 34.6% | $35.7M | $42.7M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $127M | +43% | 34.6% | $35.1M | $51.8M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $123M | +36% | 31.8% | $31.4M | $26.9M |
| Q1 2025 | 10-Q | May 12, 2025 | $111M | +32% | 12.0% | $10.5M | $37.9M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About German American Bancorp
German American Bancorp, Inc. is a Nasdaq-listed (symbol: GABC) financial holding company based in Jasper, Indiana. German American, through its banking subsidiary German American Bank, operates 94 banking offices located throughout Indiana (central/southern), Kentucky (northern/central/western), and Ohio (central/southwest). In Columbus, Ohio and Greater Cincinnati, the Company does business as Heartland Bank, a Division of German American Bank. The Company also owns an investment brokerage subsidiary, German American Investment Services, Inc.
In its own words, from its 10-K, filed Feb 27, 2026.
German American Bancorp against its State Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +10%. Operating margin: 37.5% against the peers' median 34.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GABC German American Bancorp | Q3 2026 | $130M | +2% | 37.5% |
| BNY Bank of New York Mellon | Q3 2026 | $5.7B | +12% | 38.5% |
| STT State Street | Q3 2026 | $4.0B | +13% | 34.7% |
| FITB Fifth Third Bancorp | Q3 2026 | $3.3B | +42% | 33.8% |
| MTB M&T Bank | Q3 2026 | $2.5B | +0.9% | 39.7% |
| FCNCA First Citizens Bancshares | Q3 2026 | $2.4B | 0% | 33.1% |
| ALLY Ally Financial | Q3 2026 | $2.3B | +8% | 24.3% |
| CFG Citizens Financial Group | Q3 2026 | $2.3B | +10% | 34.6% |
| NTRS Northern Trust | Q3 2026 | $2.3B | +13% | 34.7% |
Source: German American Bancorp 10-Q on SEC EDGAR · CIK 714395 · State Commercial Banks
Guidance and outlook
13F: who owns GABC and who is buying
More on GABC
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results