GERMAN AMERICAN BANCORP, INC. (GABC) Form 10-Q — Aug 6, 2026

$GABCForm 10-QFiled Aug 6, 2026, 3:31 PM ET0000714395-26-000032Original filing

German American Bancorp reported Q2 2026 net income of $38.2 million, or $1.02 per share, up 21% on a per-share basis from $31.4 million, or $0.84, a year earlier. First-half 2026 net income reached $71.3 million, or $1.90 per share, up 64% from $41.9 million, or $1.16, in the first half of 2025. The quarter was powered by an 11% rise in net interest income to $81.2 million and a net interest margin of 4.30%, up from 3.92%, as deposit costs fell following the Federal Reserve's late-2025 rate cuts. Non-interest income rose 12% to $18.7 million while expenses grew just 2%, cutting the efficiency ratio to 47.38% from 50.23% on an adjusted basis.

Key figures

Eps: Q2 2026: $1.02 (vs $0.84 Q2 2025); H1 2026: $1.90 (vs $1.16 H1 2025)
Revenue: $101.3 million Q2 2026 total adjusted revenue (FTE, non-GAAP; net interest income $81.2M + non-interest income $18.7M)
Net Income: Q2 2026: $38.2 million (vs $31.4M); H1 2026: $71.3 million (vs $41.9M)
Revenue Yoy: Net interest income +11% YoY; non-interest income +12% YoY (Q2 2026)
Total Assets: $8.4 billion
Cash Position: 94158000
Shares Outstanding: 37578808
Roa Q2 2026: 1.80%
Roe Q2 2026: 12.82%
Total Loans: $5.94B gross / $5.85B net
Buyback Plan: Up to 1,000,000 shares (~3% of outstanding); no shares repurchased to date
Rotce Q2 2026: 19.43%
Total Deposits: $7.0 billion
Loan Sales Q2 2026: $70.8 million vs $50.2 million prior year
Shareholders Equity: $1.212 billion (14.4% of assets)
Net Charge Offs Q2 2026: $673K, or 5 bps annualized
Cet1 Ratio Consolidated: 14.06%
Efficiency Ratio Q2 2026: 47.38% vs 50.23% adjusted prior year
Afs Unrealized Gross Losses: $211.4 million
Net Interest Income Q2 2026: 81208000
Net Interest Margin Q2 2026: 4.30% FTE vs 3.92% Q2 2025
Non Interest Income Q2 2026: 18746000
Non Performing Assets Ratio: 0.32% of total assets (0.45% NPLs/loans)
Non Interest Expense Q2 2026: 50382000
Quarterly Dividend Per Share: $0.31
Acquired Loan Accretion Q2 2026: $3.2 million, ~17 bps of NIM
Total Capital Ratio Consolidated: 15.50%
Provision For Credit Losses Q2 2026: 1500000

Price after filing

1 day: -0.6%7 days: +0.6%30 days: -1.5%

Close on the filing date to close N calendar days later (from $50.79). Historical, not a forecast.

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