Filing Flows › German American Bancorp (GABC) › Q1 2026
German American Bancorp (GABC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
German American Bancorp (GABC) reported revenue of $123M for the first quarter 2026 (Q1 2026), +11% from a year earlier and -3% from the quarter before. Operating margin was 33.9%, net earnings $33.2M (27.0% of revenue).
German American Bancorp, Q1 2026: revenue $123M (+11% year over year), operating margin 33.9%, net earnings $33.2M, operating cash flow $37.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $123M | -3% | +11% |
| Operating profit | $41.7M | -5% | +213% |
| Net earnings | $33.2M | -7% | +215% |
| Operating cash flow | $37.0M | -13% | -2% |
| Free cash flow | $36.0M | -12% | -2% |
What changed
Revenue was $122.9M in Q1 2026, up 11% year over year and down 3% from the previous quarter.
Operating profit was $41.7M, a 33.9% margin (up 21.9 points year over year). Of the extra revenue versus Q1 2025, 239% reached operating profit, above the 12% margin then. Total costs fell 17% while revenue rose 11%. The fastest-growing cost line was Sales & marketing (+11%). Net earnings were $33.2M, up 215% year over year. The effective tax rate was 20.5%.
Operating cash flow was $37.0M (down 2% year over year), 112% of net earnings. Non-cash charges added back $4.9M of depreciation and amortization and $499K of share-based compensation. Capital expenditures of $1.1M left free cash flow of $36.0M.
Questions
What was German American Bancorp's revenue in the first quarter 2026?
German American Bancorp (GABC) reported revenue of $123M for the first quarter 2026 (Q1 2026), +11% from a year earlier and -3% from the quarter before.
Was German American Bancorp profitable in the first quarter 2026?
Operating profit was $41.7M (33.9% of revenue) and net earnings $33.2M.