Filing Flows › German American Bancorp (GABC) › Q4 2025
German American Bancorp (GABC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
German American Bancorp (GABC) reported revenue of $127M for the fourth quarter 2025 (Q4 2025), +40% from a year earlier and +0.1% from the quarter before. Operating margin was 34.6%, net earnings $35.7M (28.2% of revenue).
German American Bancorp, Q4 2025: revenue $127M (+40% year over year), operating margin 34.6%, net earnings $35.7M, operating cash flow $42.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $127M | +0.1% | +40% |
| Operating profit | $43.8M | +0.1% | +53% |
| Net earnings | $35.7M | +2% | +54% |
| Operating cash flow | $42.7M | -18% | +49% |
| Free cash flow | $41.0M | -18% | +46% |
What changed
Revenue was $126.7M in Q4 2025, up 40% year over year and roughly flat from the previous quarter.
Operating profit was $43.8M, a 34.6% margin (up 3.0 points year over year). Of the extra revenue versus a year earlier, 42% reached operating profit, above the 32% margin then. Total costs grew 34% against revenue growth of 40%. The fastest-growing cost line was Other operating costs (+34%). Net earnings were $35.7M, up 54% year over year. The effective tax rate was 18.6%.
Operating cash flow was $42.7M (up 49% year over year), 120% of net earnings. Non-cash charges added back $5.0M of depreciation and amortization and $807K of share-based compensation. Capital expenditures of $1.7M left free cash flow of $41.0M.
Questions
What was German American Bancorp's revenue in the fourth quarter 2025?
German American Bancorp (GABC) reported revenue of $127M for the fourth quarter 2025 (Q4 2025), +40% from a year earlier and +0.1% from the quarter before.
Was German American Bancorp profitable in the fourth quarter 2025?
Operating profit was $43.8M (34.6% of revenue) and net earnings $35.7M.