GABCGERMAN AMERICAN BANCORP, INC.
State Commercial Banks
- Revenue
- $487M
- 38% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $1.8B
- Employees
- 984
- $495K revenue each
- Net debt / EBITDA
- —
- $6M net debt
- AI in 10-K
- 0.4
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo141% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo27% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo4% of assetsOver 40% of assets
- Shareholder dissentNo90% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo$495K · 87th pctBottom quartile of its SIC industry
- Quiet on AIYes0.4 per 10K words · 17th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$1.8B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$234K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | — | $278M | $317M | $354M | $487M | 38% |
| Net income | $84M | $82M | $86M | $84M | $113M | 34% |
| Operating cash flow | $101M | $110M | $107M | $96M | $159M | 66% |
| Capex | $5M | $8M | $6M | $5M | $5M | 5.3% |
| Stock-based comp | $2M | $2M | $2M | $3M | $3M | 2.5% |
| Dividends | $22M | $27M | $29M | $32M | $43M | 36% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $234K · 35
- Open-market sells, 12 mo
- $0 · 0
- Net
- $234K
Pay vs performance
No pay-versus-performance disclosure yet.