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First Bancorp vs German American Bancorp: FBNC and GABC compared
First Bancorp is the larger company: $130M of revenue in its latest quarter (Q3 2026) against $130M for German American Bancorp (Q3 2026). First Bancorp is growing faster (+45% against +2% a year earlier). First Bancorp is more profitable, with an operating margin of 49.7% against 37.5%.
Where the money goes: FBNC and GABC
First Bancorp (FBNC) · Q3 2026
First Bancorp, Q3 2026: revenue $130M (+45% year over year), operating margin 49.7%, net earnings $51.3M, operating cash flow $102M. The chart follows the revenue to costs, profit and cash.
German American Bancorp (GABC) · Q3 2026
German American Bancorp, Q3 2026: revenue $130M (+2% year over year), operating margin 37.5%, net earnings $38.6M, operating cash flow $33.3M. The chart follows the revenue to costs, profit and cash.
| First Bancorp (FBNC) | German American Bancorp (GABC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $130M | $130M |
| Revenue growth, Y/Y | +45% | +2% |
| Operating margin | 49.7% | 37.5% |
| Net earnings | $51.3M | $38.6M |
| Net margin | 39.5% | 29.8% |
| Operating cash flow | $102M | $33.3M |
| Free cash flow | $98.0M | $31.4M |
| Market value | $2.4B | $1.8B |
| P/E | 14.9× | 12.7× |
| Analysts’ mean target | $69.40 | $56.40 |
Where the revenue comes from
First Bancorp
- Net interest income: $115M (88%)
- Noninterest income: $15.1M (12%)
Questions
Which is bigger, First Bancorp or German American Bancorp?
First Bancorp is the larger company: $130M of revenue in its latest quarter (Q3 2026) against $130M for German American Bancorp (Q3 2026).
Is First Bancorp or German American Bancorp growing faster?
First Bancorp is growing faster (+45% against +2% a year earlier).
Which is more profitable, First Bancorp or German American Bancorp?
First Bancorp is more profitable, with an operating margin of 49.7% against 37.5%.
More: First Bancorp earnings · how First Bancorp makes money · German American Bancorp earnings · how German American Bancorp makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.