Filing Flows › German American Bancorp (GABC) › Q3 2025
German American Bancorp (GABC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
German American Bancorp (GABC) reported revenue of $127M for the third quarter 2025 (Q3 2025), +43% from a year earlier and +3% from the quarter before. Operating margin was 34.6%, net earnings $35.1M (27.7% of revenue).
German American Bancorp, Q3 2025: revenue $127M (+43% year over year), operating margin 34.6%, net earnings $35.1M, operating cash flow $51.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $127M | +3% | +43% |
| Operating profit | $43.8M | +12% | +71% |
| Net earnings | $35.1M | +12% | +67% |
| Operating cash flow | $51.8M | +92% | +111% |
| Free cash flow | $50.1M | +92% | +118% |
What changed
Revenue was $126.5M in Q3 2025, up 43% year over year and up 3% from the previous quarter.
Operating profit was $43.8M, a 34.6% margin (up 5.6 points year over year). Of the extra revenue versus a year earlier, 48% reached operating profit, above the 29% margin then. Total costs grew 32% against revenue growth of 43%. The fastest-growing cost line was Sales & marketing (+40%). Net earnings were $35.1M, up 67% year over year. The effective tax rate was 19.8%.
Operating cash flow was $51.8M (up 111% year over year), 148% of net earnings. Non-cash charges added back $5.2M of depreciation and amortization and $787K of share-based compensation. Working capital and other items added $10.8M. Capital expenditures of $1.7M left free cash flow of $50.1M.
Questions
What was German American Bancorp's revenue in the third quarter 2025?
German American Bancorp (GABC) reported revenue of $127M for the third quarter 2025 (Q3 2025), +43% from a year earlier and +3% from the quarter before.
Was German American Bancorp profitable in the third quarter 2025?
Operating profit was $43.8M (34.6% of revenue) and net earnings $35.1M.