Filing Flows › German American Bancorp (GABC) › Q1 2025
German American Bancorp (GABC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
German American Bancorp (GABC) reported revenue of $111M for the first quarter 2025 (Q1 2025), +32% from a year earlier and +22% from the quarter before. Operating margin was 12.0%, net earnings $10.5M (9.5% of revenue).
German American Bancorp, Q1 2025: revenue $111M (+32% year over year), operating margin 12.0%, net earnings $10.5M, operating cash flow $37.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $111M | +22% | +32% |
| Operating profit | $13.3M | -54% | -42% |
| Net earnings | $10.5M | -55% | -45% |
| Operating cash flow | $37.9M | +32% | +59% |
| Free cash flow | $36.7M | +31% | +62% |
What changed
Revenue was $111.1M in Q1 2025, up 32% year over year and up 22% from the previous quarter.
Operating profit was $13.3M, a 12.0% margin (down 15.6 points year over year). Operating profit fell $9.8M even though revenue rose $27.0M versus a year earlier, so costs grew faster than sales. Total costs grew 60% against revenue growth of 32%. The fastest-growing cost line was Other operating costs (+61%). Net earnings were $10.5M, down 45% year over year. The effective tax rate was 21.1%.
Operating cash flow was $37.9M (up 59% year over year), 361% of net earnings. Non-cash charges added back $3.7M of depreciation and amortization and $481K of share-based compensation. Working capital and other items added $23.2M. Capital expenditures of $1.3M left free cash flow of $36.7M.
Questions
What was German American Bancorp's revenue in the first quarter 2025?
German American Bancorp (GABC) reported revenue of $111M for the first quarter 2025 (Q1 2025), +32% from a year earlier and +22% from the quarter before.
Was German American Bancorp profitable in the first quarter 2025?
Operating profit was $13.3M (12.0% of revenue) and net earnings $10.5M.