Tearsheet
GABC Home Investment Highlights Valuation & Metrics Price Chart Why The Stock Moved Return vs. Risk About GABC Interactive Breakdown Better Bets vs. GABC Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Forward Guidance Insider Activity Trade Sentinel Investor Videos Industry Resource Links External Quote Links

German American Bancorp (GABC)

Market Price (7/10/2026): $46.72 | Market Cap: $1.8 BilSector: Financials | Industry: Regional Banks

German American Bancorp (GABC)

Market Price (7/10/2026): $46.72
Market Cap: $1.8 Bil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.1%, FCF Yield is 8.7%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -64%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 60%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 42%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 41%

Low stock price volatility
Vol 12M is 23%

Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology.

Trading close to highs
Dist 52W High is -2.8%, Dist 3Y High is -2.8%

Key risks
GABC key risks include [1] integration challenges and expenses from recent acquisitions, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.1%, FCF Yield is 8.7%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -64%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 60%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 42%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 41%
4 Low stock price volatility
Vol 12M is 23%
5 Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13%
6 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology.
7 Trading close to highs
Dist 52W High is -2.8%, Dist 3Y High is -2.8%
8 Key risks
GABC key risks include [1] integration challenges and expenses from recent acquisitions, Show more.

GABC in ETFs

Weight = GABC's share of each fund

VTI0.00%
ITOT0.00%
IWM0.06%
SCHD0.05%
VIG0.01%
IWN0.12%
VTWO0.05%
DFAS0.04%
+5 more covered ETFs

Valuation & Metrics

FYE: 12/31GABC [1]S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]$376.1 Mil—
FY 2026 Sales$401.0 Mil—
FY 2027 Sales$418.8 Mil—
FY 2026 Sales Growth6.6%—
FY 2027 Sales Growth4.4%8.1%
EARNINGS
LTM Net Income (GAAP) [3]$135.3 Mil—
FY 2026 Net Income (Non-GAAP)$137.8 Mil—
FY 2027 Net Income (Non-GAAP)$146.1 Mil—
FY 2027 Net Income Growth6.1%16.3%
FY 2026 EPS (Non-GAAP)$3.74—
FY 2027 EPS (Non-GAAP)$3.98—
FY 2027 EPS Growth6.2%—
VALUATION
FY 2026 P/S4.43.3
FY 2027 P/S4.2—
FY 2026 P/E12.720.0
FY 2027 P/E12.0—

[1] GABC forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 7/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).
GABCS&P 500
REVENUE GROWTHVERY GOOD
Rev LTM ($ Bil)0.4
Rev Chg Q18.0%8.9%
Rev Chg LTM59.7%7.5%
Rev Chg 3Y Avg16.6%5.9%
PROFITABILITYVERY GOOD
Op Inc LTM ($ Bil)�
CFO LTM ($ Bil)0.2
Net Inc LTM ($ Bil)0.1
CFO/Rev LTM42.1%21.4%
Net Inc Mgn36.0%13.0%
VALUATIONLOW
P/S4.73.3
P/CFO11.115.4
P/FCF11.419.9
P/E13.024.4

AI Analysis | Feedback

MetricValueDateSource
Number of Domestic Locations9710312025Link
Number of States of Operation310312025Link
Number of Banking Offices9411052025Link
Number of Employees102011072025Link

Price Chart

Upcoming
7/27/2026Earnings ReleaseRev: $99 Mil (E)
EPS: $0.92 (E)

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/1/2026

German American Bancorp (GABC) stock has gained about 15% since 3/31/2026 because of the following key factors:

1. Positive Analyst Sentiment and Price Target Revisions: Despite reporting an earnings per share (EPS) miss for fiscal Q1 2026, German American Bancorp saw continued confidence from analysts. Piper Sandler upgraded GABC's stock rating to "Overweight" from "Neutral" on March 20, 2026, and maintained a $47.00 price target. Post-earnings, on April 29, 2026, Keefe, Bruyette & Woods maintained its "Market Perform" rating while raising its price target to $47.00, and Stephens & Co. maintained its "Overweight" rating, increasing its price target to $49.00. The consensus analyst rating for GABC by late June 2026 was "Moderate Buy" with an average price target of $47.67, implying a potential upside.

2. Robust Financial Fundamentals and Shareholder Returns: German American Bancorp demonstrated strong underlying financial health in its fiscal Q1 2026 earnings, reporting a robust net interest margin of 4.26%, a return on average assets of 1.58%, and a return on average tangible common equity of 17.08%. The company maintained solid asset quality with low net charge-offs and stable deposits. Furthermore, German American Bancorp continued its commitment to shareholders by declaring a $0.31 per share quarterly cash dividend payable on May 20, 2026, marking the 14th consecutive year of increased payouts. This consistent performance and shareholder-friendly actions likely reassured investors, contributing to the stock's positive trend.

Show more
Updated on 7/1/2026

German American Bancorp (GABC) stock has gained about 15% since 3/31/2026 because of the following key factors:

1. Positive Analyst Sentiment and Price Target Revisions: Despite reporting an earnings per share (EPS) miss for fiscal Q1 2026, German American Bancorp saw continued confidence from analysts. Piper Sandler upgraded GABC's stock rating to "Overweight" from "Neutral" on March 20, 2026, and maintained a $47.00 price target. Post-earnings, on April 29, 2026, Keefe, Bruyette & Woods maintained its "Market Perform" rating while raising its price target to $47.00, and Stephens & Co. maintained its "Overweight" rating, increasing its price target to $49.00. The consensus analyst rating for GABC by late June 2026 was "Moderate Buy" with an average price target of $47.67, implying a potential upside.

2. Robust Financial Fundamentals and Shareholder Returns: German American Bancorp demonstrated strong underlying financial health in its fiscal Q1 2026 earnings, reporting a robust net interest margin of 4.26%, a return on average assets of 1.58%, and a return on average tangible common equity of 17.08%. The company maintained solid asset quality with low net charge-offs and stable deposits. Furthermore, German American Bancorp continued its commitment to shareholders by declaring a $0.31 per share quarterly cash dividend payable on May 20, 2026, marking the 14th consecutive year of increased payouts. This consistent performance and shareholder-friendly actions likely reassured investors, contributing to the stock's positive trend.

3. Key External Recognitions and Leadership Appointment: The company garnered significant positive external recognition during this period. German American Bank was awarded the prestigious Raymond James Community Bankers Cup for its 2025 performance on May 27, 2026. Additionally, on April 1, 2026, S&P Global Market Intelligence ranked German American Bank as #29 out of 223 community banks in the nation. The appointment of CEO Neil Dauby to the Board of Directors of the Federal Reserve Bank of St. Louis on April 10, 2026, further boosted confidence in the company's leadership and standing within the financial industry.

4. Favorable Macroeconomic Environment for Regional Banks: The broader regional banking sector experienced positive momentum that likely supported GABC's stock performance. The S&P Regional Banks Index increased by 8.45% on a total return basis year-to-date through May 1, 2026, outperforming the S&P 500. This sector-wide improvement was partly driven by a revised outlook on interest rates, with investors estimating that the Federal Reserve would no longer cut its benchmark interest rate in 2026, as of early May 2026. Such buoyant policy rates are generally viewed as reinforcing banking sector profitability, which benefited regional banks like German American Bancorp.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 12.6% change in GABC stock from 3/31/2026 to 7/9/2026 was primarily driven by a 15.4% change in the company's Net Income Margin (%).
(LTM values as of)33120267092026Change
Stock Price ($)41.5046.7212.6%
Change Contribution By: 
Total Revenues ($ Mil)3613764.1%
Net Income Margin (%)31.2%36.0%15.4%
P/E Multiple13.813.0-6.2%
Shares Outstanding (Mil)38380.0%
Cumulative Contribution12.6%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/9/2026
ReturnCorrelation
GABC12.6% 
Market (SPY)15.6%3.3%
Sector (XLF)12.5%42.7%

Fundamental Drivers

The 20.9% change in GABC stock from 12/31/2025 to 7/9/2026 was primarily driven by a 18.7% change in the company's Net Income Margin (%).
(LTM values as of)123120257092026Change
Stock Price ($)38.6346.7220.9%
Change Contribution By: 
Total Revenues ($ Mil)33137613.8%
Net Income Margin (%)30.3%36.0%18.7%
P/E Multiple14.513.0-10.4%
Shares Outstanding (Mil)3738-0.1%
Cumulative Contribution20.9%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/9/2026
ReturnCorrelation
GABC20.9% 
Market (SPY)10.5%17.4%
Sector (XLF)1.9%49.2%

Fundamental Drivers

The 24.9% change in GABC stock from 6/30/2025 to 7/9/2026 was primarily driven by a 59.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)63020257092026Change
Stock Price ($)37.4146.7224.9%
Change Contribution By: 
Total Revenues ($ Mil)23637659.7%
Net Income Margin (%)32.0%36.0%12.5%
P/E Multiple17.213.0-24.8%
Shares Outstanding (Mil)3538-7.6%
Cumulative Contribution24.9%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/9/2026
ReturnCorrelation
GABC24.9% 
Market (SPY)22.7%26.6%
Sector (XLF)7.3%53.9%

Fundamental Drivers

The 88.3% change in GABC stock from 6/30/2023 to 7/9/2026 was primarily driven by a 65.6% change in the company's P/E Multiple.
(LTM values as of)63020237092026Change
Stock Price ($)24.8246.7288.3%
Change Contribution By: 
Total Revenues ($ Mil)26137644.3%
Net Income Margin (%)35.9%36.0%0.2%
P/E Multiple7.813.065.6%
Shares Outstanding (Mil)3038-21.4%
Cumulative Contribution88.3%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/9/2026
ReturnCorrelation
GABC88.3% 
Market (SPY)75.6%35.7%
Sector (XLF)72.2%57.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GABC Return20%-2%-10%28%0%21%64%
Peers Return24%-6%-2%-8%44%17%77%
S&P 500 Return27%-19%24%23%16%9%99%

Monthly Win Rates [3]
GABC Win Rate50%50%50%67%50%71% 
Peers Win Rate44%53%47%42%72%60% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
GABC Max Drawdown-30%-19%-35%-13%-17%-11% 
Peers Max Drawdown-16%-19%-34%-22%-17%-14% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEWT, ATLO, FCBM, HAPN, CBC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/9/2026 (YTD)

How Low Can It Go

EventGABCS&P 500
2025 US Tariff Shock
  % Loss-14.1%-18.8%
  % Gain to Breakeven16.4%23.1%
  Time to Breakeven33 days79 days
2023 SVB Regional Banking Crisis
  % Loss-32.5%-6.7%
  % Gain to Breakeven48.1%7.1%
  Time to Breakeven426 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-14.3%-24.5%
  % Gain to Breakeven16.6%32.4%
  Time to Breakeven29 days427 days
2020 COVID-19 Crash
  % Loss-28.7%-33.7%
  % Gain to Breakeven40.2%50.9%
  Time to Breakeven243 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.7%-19.2%
  % Gain to Breakeven31.0%23.8%
  Time to Breakeven316 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-14.6%-17.9%
  % Gain to Breakeven17.1%21.8%
  Time to Breakeven60 days123 days

Compare to NEWT, ATLO, CBC, NU, FITB

In The Past

German American Bancorp's stock fell -14.1% during the 2025 US Tariff Shock. Such a loss loss requires a 16.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventGABCS&P 500
2023 SVB Regional Banking Crisis
  % Loss-32.5%-6.7%
  % Gain to Breakeven48.1%7.1%
  Time to Breakeven426 days31 days
2020 COVID-19 Crash
  % Loss-28.7%-33.7%
  % Gain to Breakeven40.2%50.9%
  Time to Breakeven243 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.7%-19.2%
  % Gain to Breakeven31.0%23.8%
  Time to Breakeven316 days105 days

Compare to NEWT, ATLO, CBC, NU, FITB

In The Past

German American Bancorp's stock fell -14.1% during the 2025 US Tariff Shock. Such a loss loss requires a 16.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About German American Bancorp (GABC)

German American Bancorp (GABC) is a financial services company that operates as a bank holding company for German American Bank, offering a comprehensive suite of retail and commercial banking services. Its primary function involves traditional banking activities, including accepting deposits from the general public and originating various types of loans. These loans encompass consumer, commercial, agricultural, and real estate mortgages, with the company also engaging in the secondary market sale of residential mortgage loans.

Further diversifying its business, GABC extends its offerings through two additional segments: Wealth Management Services and Insurance Operations. The Wealth Management segment provides essential financial planning resources such as trust services, investment advisory, brokerage, and retirement planning for its clients. Meanwhile, the Insurance Operations segment delivers a range of personal and corporate property and casualty insurance products. GABC primarily serves individuals and businesses across southern Indiana and Kentucky, utilizing a network of 77 banking offices spread across 19 counties in Indiana and 14 counties in Kentucky.

AI Analysis | Feedback

Here are a few analogies for German American Bancorp:

  • Like a localized **PNC Bank** for southern Indiana and Kentucky.
  • A community-oriented **Truist** for the southern Indiana and Kentucky region, offering banking, wealth management, and insurance.

AI Analysis | Feedback

  • Core Banking Services:
    • Deposits: Accepting deposits from the general public.
    • Lending: Originating consumer, commercial, agricultural, and real estate loans.
    • Mortgage Sales: Selling residential mortgage loans in the secondary market.
  • Wealth Management Services:
    • Trust Services: Providing fiduciary services for individuals and institutions.
    • Investment Advisory: Offering professional advice on investment strategies and portfolio management.
    • Brokerage Services: Facilitating the buying and selling of securities for clients.
    • Retirement Planning: Assisting clients in planning and managing their retirement finances.
  • Insurance Operations:
    • Property & Casualty Insurance: Offering a range of personal and corporate property and casualty insurance products.

AI Analysis | Feedback

German American Bancorp (GABC) primarily serves a diverse customer base consisting of individuals, households, and businesses within its operating regions in southern Indiana and Kentucky. As a regional bank, it does not have a few identifiable "major customer companies" in the traditional sense, but rather a broad base of clients across its banking, wealth management, and insurance segments. Its customer base can be categorized into the following groups:

  • Individuals and Households: This category includes the general public who utilize core banking services such as deposit accounts, consumer loans, residential mortgage loans, and personal property and casualty insurance products.
  • Commercial and Agricultural Businesses: This category encompasses a variety of local businesses, including commercial enterprises and agricultural operations, that utilize commercial and agricultural loans, commercial real estate loans, and corporate property and casualty insurance products.
  • Wealth Management Clients: This segment serves individuals, families, and potentially institutional clients (e.g., trusts, retirement plans) seeking specialized financial services such as trust administration, investment advisory, brokerage services, and retirement planning.

AI Analysis | Feedback

null

AI Analysis | Feedback

D. Neil Dauby, Chairman and Chief Executive Officer

Mr. Dauby serves as Chairman and CEO of German American. He joined German American in 2001, following a 15-year career in public accounting as a certified public accountant (CPA) with regional accounting firms in various Kentucky markets. He previously served as president of one of German American's community banking subsidiaries and oversaw the company's commercial banking operations as the Executive Vice President & Chief Commercial Banking Officer. He was appointed CEO in January 2021.

Bradley M. Rust, President and Chief Financial Officer

Mr. Rust has over 30 years of banking industry experience and has held executive officer positions with German American for more than 20 years. He has served as Chief Financial Officer since January 2003 and also holds the titles of Senior Executive Vice President and Chief Operating Officer.

Mark A. Schroeder, Executive Chairman

Mr. Schroeder is the retired Chief Executive Officer of German American Bancorp, Inc., and currently serves as Executive Chairman of the Board of Directors. He was employed with German American for 50 years and served as CEO for over 20 years, beginning in 1999. Throughout his tenure, he held various leadership positions including Chief Lending Officer, Chief Financial Officer, President, and Chief Operating Officer. Under his guidance, German American grew significantly, completing twenty merger and acquisition transactions.

Michael F. Beckwith, Executive Vice President, Chief Banking Officer

Mr. Beckwith joined German American Bank through the acquisition of First Security Bank in 2018, where he served as President and CEO. He has previously served as the Kentucky Division President, leading the strategic focus in German American's Kentucky footprint, and most recently as Chief Commercial Banking Officer.

Amy D. Jackson, Executive Vice President & Chief Administrative Officer

Ms. Jackson joined German American in 2018 in connection with the company's merger with First Security Bank of Owensboro, Kentucky, and has over 20 years of banking experience. She most recently served as the Senior Vice President – Administrative Development and Strategic Planning for the bank. As Chief Administrative Officer, she leads all operational and administrative functions of the bank and provides executive oversight for Human Resources.

AI Analysis | Feedback

The key risks to German American Bancorp (GABC) include:

  1. Pressure on Net Interest Margin from Interest Rate Fluctuations: German American Bancorp's profitability is sensitive to changes in interest rates. Expected lower interest rates are anticipated to negatively impact net interest income by compressing margins, thereby limiting future profitability, despite strong performance in previous higher-rate environments. Historically, pressure from elevated rates has also shown volatility in earnings growth. A decline in net interest margin has previously been a primary factor in reduced net interest income.
  2. Credit Risk and Loan Quality: As a financial institution, GABC faces risks related to the quality of its loan portfolio. This includes the potential for rising loan losses, particularly during economic slowdowns when credit deterioration and increasing loan defaults can occur. There is also a noted concentration risk within the bank's commercial real estate and agricultural loan portfolios.
  3. Competition and Deposit Outflows: Regional banks, including German American Bancorp, face significant competitive pressures. These include competition from fintech companies and the risk of deposit outflows as customers seek higher-yielding alternatives for their funds.

AI Analysis | Feedback

The emergence of digitally-native financial service providers (fintechs) poses a clear emerging threat across GABC's segments. Neobanks and online lenders compete directly with GABC's Core Banking segment by offering streamlined digital experiences, potentially lower fees, and quicker loan approvals for deposits and various loan types without the overhead of physical branches. Similarly, robo-advisors and online brokerages threaten GABC's Wealth Management services by providing low-cost, algorithm-driven investment and brokerage solutions. In the Insurance Operations segment, insurtech companies leverage technology to offer personalized, often more efficient, property and casualty insurance products, challenging traditional insurers.

AI Analysis | Feedback

For German American Bancorp (GABC), the addressable markets for its main products and services, primarily in southern Indiana and Kentucky, can be sized as follows:

Core Banking

  • Deposits:

    • In Kentucky, total bank deposits were approximately $116 billion in 2024.
    • In Indiana, total bank deposits were approximately $209 billion in 2024.

  • New Home Loans Booked:

    • In Kentucky, new home loans amounted to $8.9 billion in 2024.
    • In Indiana, new home loans amounted to $17.2 billion in 2024.

  • Small Business Loans:

    • In Kentucky, small business loans totaled $7.2 billion in 2024.
    • In Indiana, small business loans totaled $12.3 billion in 2024.

  • U.S. Retail Banking Market: The broader U.S. retail banking market was valued at approximately $906.3 billion in 2026 and is projected to reach $1,112.2 billion by 2031.

  • U.S. Commercial Banking Market: The broader U.S. commercial banking market is estimated at $765.53 billion in 2026 and is projected to grow to $954.48 billion by 2031.

Wealth Management Services

Specific market size data for wealth management services solely for Indiana or Kentucky is not readily available. However, for context, the market size for wealth management services in the United States is substantial.

  • The global wealth management market was valued at $1.25 trillion in 2020 and is projected to reach $3.43 trillion by 2030, with North America holding the largest share in 2020.
  • The U.S. wealth management platform market was recorded at $4.82 billion in 2023 and is expected to reach $15.8 billion by 2032, with North America dominating this market in 2023.
  • The mass affluent segment in the U.S. includes approximately 33 million individuals, representing about 43% of the country's investable assets.

Insurance Operations (Property and Casualty Insurance)

  • Kentucky Property, Casualty and Direct Insurance Market: The market size is estimated at $3.4 billion in 2026. Total direct premiums written in Kentucky have increased by 71% since 2015.

  • Indiana Property, Casualty and Direct Insurance Market: The insurance industry contributed nearly $3.8 billion to Indiana's gross state product in 2001. Total direct premiums written in Indiana have increased by 97% since 2015.

  • U.S. Property and Casualty Insurance Market: The broader U.S. property and casualty insurance market is estimated at $1.14 trillion in 2026, with projections to reach $1.39 trillion by 2031.

AI Analysis | Feedback

Here are the expected drivers of future revenue growth for German American Bancorp (GABC) over the next 2-3 years:
  1. Strategic Acquisitions and Geographic Expansion: German American Bancorp is focused on expanding its presence through strategic acquisitions in adjacent markets. A significant example is the acquisition of Heartland BancCorp in early 2025, which broadened GABC's footprint into the Columbus and Greater Cincinnati markets in Ohio, adding substantial assets and branches. This disciplined "fill-in M&A strategy" is expected to continue enhancing market share and customer base.
  2. Organic Branch Expansion: Beyond acquisitions, the company is pursuing organic growth by establishing new branches, particularly in high-growth suburban areas within its existing markets, such as Evansville and Columbus, Indiana. These de novo branches aim to deepen local market penetration and attract new customers.
  3. Product and Service Diversification through Cross-selling: GABC is actively working to increase its non-interest income by aggressively cross-selling its wealth management and insurance services, especially to its commercial banking client base. The company has a stated goal to raise non-interest income to over 32% of total revenue by 2027. While a portion of its insurance business was divested in 2024, the focus remains on leveraging wealth management and facilitating access to insurance products through partnerships.
  4. Digital Banking Transformation and Small Business (SMB) Lending: A key initiative for revenue growth includes a significant investment in technology and the launch of a sophisticated digital small business lending platform in Q3 2025. This platform, developed in partnership with a fintech provider, is designed to capture market share in the underserved SMB segment and represents a major step in the company's digital banking transformation.
  5. Strategic Loan Growth: Net interest income remains the primary driver of revenue for German American Bancorp. The company's ability to generate continued loan growth across its diverse portfolio, including consumer, commercial, agricultural, commercial real estate, and residential mortgage loans, will be crucial for revenue expansion. Organic loan growth was a notable contributor to the increase in total assets at the end of 2025.

AI Analysis | Feedback

<h3>Share Issuance</h3> <ul> <li>German American Bancorp completed the acquisition of Heartland BancCorp effective February 1, 2025, issuing approximately 7.74 million shares of its common stock and paying about $23.1 million in cash.</li> <li>The company implemented its 2025 Management Incentive Plan, which allows for the issuance of common shares with restricted transferability to satisfy long-term incentive awards, vesting in one-third installments over three years.</li> <li>A proposal to increase the authorized common shares from 45,000,000 to 90,000,000 is scheduled for a shareholder vote at the Annual Meeting on April 27, 2026.</li> </ul> <h3>Outbound Investments</h3> <ul> <li>German American Bancorp completed the acquisition of Heartland BancCorp, effective February 1, 2025, with Heartland having approximately $1.94 billion in total assets, $1.58 billion in total loans, and $1.73 billion in total deposits at the closing of the transaction.</li> <li>The company's 2022 financial results were impacted by acquisition-related expenses for the CUB transaction, which closed on January 1, 2022.</li> </ul> <h3>Capital Expenditures</h3> <ul> <li>Capital expenditures for the trailing twelve months amounted to approximately $4.32 million.</li> </ul>

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Top Gainers

TickerCompanyMkt Cap (B)1W RtnYTD Rtn
CRNXCrinetics Pharmaceuticals8.7116.2%79.6%
TRAXFirst Tracks Biotherapeutics1.174.3%74.2%
TENXTenax Therapeutics0.837.8%50.3%
ALITAlight9.734.2%-52.7%
RPDRapid70.827.2%-24.9%
NGNENeurogene1.026.4%108.0%
ENOVEnovis1.425.8%-5.3%
BVSBioventus0.824.1%64.2%
EWTXEdgewise Therapeutics5.223.5%94.8%
BANDBandwidth2.523.0%407.7%

Top Losers

TickerCompanyMkt Cap (B)1W RtnYTD Rtn
RXTRackspace Technology1.1-32.7%350.1%
FCELFuelCell Energy1.2-27.9%214.6%
SOLSSolstice Advanced Materials10.0-24.3%29.5%
VMETVersamet Royalties1.0-22.8%1.2%
MIDDMiddleby6.3-22.4%-10.3%
AIAIAIAI0.8-22.4%-25.2%
FBYDFalcons Beyond Global0.8-22.1%2.2%
CNTNCanton Strategic0.5-22.1%-24.4%
VPGVishay Precision1.5-21.2%194.8%
LPTHLightPath Technologies0.7-21.1%16.1%

Top Gainers

TickerCompanyMkt Cap (B)1M RtnYTD Rtn
RGNXRegenxbio0.8155.3%8.7%
CRNXCrinetics Pharmaceuticals8.7149.8%79.6%
BLZEBackblaze1.1134.6%282.6%
MBXMBX Biosciences3.1126.6%108.3%
DFTXDefinium Therapeutics, Inc.5.3110.5%258.6%
TRAXFirst Tracks Biotherapeutics1.1105.7%74.2%
STTKShattuck Labs0.880.3%92.6%
ABSIAbsci1.875.1%228.7%
TENXTenax Therapeutics0.873.8%50.3%
SLDBSolid Biosciences1.273.8%97.5%

Top Losers

TickerCompanyMkt Cap (B)1M RtnYTD Rtn
HTZHertz Global0.7-57.3%-57.8%
RDWRedwire2.0-43.6%37.8%
LUNRIntuitive Machines2.0-43.2%4.1%
NVTSNavitas Semiconductor3.3-42.1%98.6%
HYLNHyliion0.8-41.1%131.0%
PCTPureCycle Technologies1.3-37.9%-13.2%
AAOIApplied Optoelectronics9.3-37.9%250.6%
BLDPBallard Power Systems1.0-37.4%27.2%
AMPXAmprius Technologies1.6-36.9%50.6%
METCBRamaco Resources0.5-36.3%-34.0%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Peers to compare with:

Financials

GABCNEWTATLOFCBMHAPNCBCMedian
NameGerman A.NewtekOneAmes Nat.First Ca.Happen, .Central . 
Mkt Price46.7214.4029.0412.8020.1031.1624.57
Mkt Cap1.80.40.3--374.41.1
Rev LTM37627270-1,0331,000376
Op Inc LTM-------
FCF LTM153-77622--3,16045722
FCF 3Y Avg118-34817--2,498--165
CFO LTM158-77623--3,00749123
CFO 3Y Avg123-34819--2,410--164

Growth & Margins

GABCNEWTATLOFCBMHAPNCBCMedian
NameGerman A.NewtekOneAmes Nat.First Ca.Happen, .Central . 
Rev Chg LTM59.7%10.5%21.7%-25.4%-23.5%
Rev Chg 3Y Avg16.6%32.1%5.4%--0.6%-11.0%
Rev Chg Q18.0%8.0%17.8%-15.9%-16.8%
QoQ Delta Rev Chg LTM4.1%1.9%4.1%-3.5%-3.8%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM42.1%-285.4%32.5%--291.0%49.1%32.5%
CFO/Rev 3Y Avg43.0%-134.4%31.4%--270.5%--51.5%
FCF/Rev LTM40.8%-285.4%31.2%--305.8%45.7%31.2%
FCF/Rev 3Y Avg41.1%-134.5%28.6%--279.9%--53.0%

Valuation

GABCNEWTATLOFCBMHAPNCBCMedian
NameGerman A.NewtekOneAmes Nat.First Ca.Happen, .Central . 
Mkt Cap1.80.40.3--374.41.1
P/S4.71.53.7--374.24.2
P/Op Inc-------
P/EBIT-------
P/E13.06.311.9--997.512.4
P/CFO11.1-0.511.4--762.911.2
Total Yield10.2%15.7%11.3%--0.1%10.8%
Dividend Yield2.5%0.0%2.9%--0.0%1.3%
FCF Yield 3Y Avg9.0%-113.9%9.0%---9.0%
D/E0.11.30.1--0.00.1
Net D/E-0.60.4-1.9---0.0-0.3

Returns

GABCNEWTATLOFCBMHAPNCBCMedian
NameGerman A.NewtekOneAmes Nat.First Ca.Happen, .Central . 
1M Rtn4.0%8.0%-3.7%1.6%6.0%9.0%5.0%
3M Rtn5.9%20.9%-1.1%1.6%6.0%24.7%6.0%
6M Rtn16.7%17.5%26.0%1.6%6.0%30.8%17.1%
12M Rtn17.6%29.9%63.7%1.6%6.0%70.2%23.8%
3Y Rtn90.5%3.5%83.7%1.6%6.0%134.5%44.9%
1M Excs Rtn3.4%7.1%-4.8%-0.3%4.2%8.6%3.8%
3M Excs Rtn-4.0%10.6%-10.2%-9.6%-5.2%14.8%-4.6%
6M Excs Rtn10.6%15.5%19.7%-7.0%-2.6%21.1%13.1%
12M Excs Rtn-3.7%8.7%42.7%-19.6%-15.2%49.0%2.5%
3Y Excs Rtn17.0%-59.4%14.2%-67.7%-63.3%65.2%-22.6%

Comparison Analyses

null

FDIC Bank Data

Bank Assets

FDIC Data As Of3312026
ASSETS 
Cash Balance ($ Bil)0
Securities ($ Bil)2
Net Loans ($ Bil)6
Trading Assets ($ Bil)0
Bank Premises Assets ($ Bil)0
Other Real Estate Owned ($ Bil)0
Goodwill & Intangibles ($ Bil)0
Other Assets ($ Bil)0
Total Assets (Sum) ($ Bil)8
Total Assets (Reported) ($ Bil)8
Risk Weighted Assets ($ Bil)7
SECURITIES DETAILS 
US Govt Securities ($ Bil)1
Equity Securities Not Held for Trading ($ Bil)0
Total Debt Securities ($ Bil)2
Mortgage-Backed Securities ($ Bil)1
SECURITIES VALUATION 
Securities Held to Maturity (Book Value) ($ Bil)0
Securities Available for Sale (Fair Market) ($ Bil)2

Bank Loans

FDIC Data As Of3312026
LOAN DETAILS 
All Real Estate Loans ($ Bil)5
Farm Loans ($ Bil)0
Commercial and Industrial Loans ($ Bil)1
Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil)0
Commercial Real Estate Loans not Secured by Real Estate ($ Bil)0
Commercial Real Estate Owner-Occupied ($ Bil)1
Commercial Real Estate Other Non-Farm Non-Residential ($ Bil)1
Total Net Loans ($ Bil)6

Financials

$ Mil | FY: 12/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
Period End3/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/2023
Filing Date5/6/20262/27/202611/5/20258/7/20255/12/20253/3/202511/8/20248/9/20245/8/20242/27/202411/7/20238/8/2023
Key Financials Quarterly            
Total Revenue969694908165622761616263
Net Income333635311123212119222122
EPS0.880.950.940.840.300.780.710.690.640.730.730.75
Key Financials TTM            
Total Revenue TTM376361331299236215211211248251256259
Net Income TTM135113100867584828384868992
Growth Rates Quarterly            
Total Revenue Growth18.0%47.3%50.9%238.3%33.9%6.4%0.1%-57.9%-4.9%-7.3%-5.2%-2.5%
Net Income Growth215.2%53.7%66.6%52.8%-44.7%7.9%-1.9%-7.2%-8.6%-11.9%-12.8%-6.8%
Margins Quarterly            
Net Income Margin34.5%37.2%37.3%34.9%12.9%35.6%33.7%77.3%31.3%35.1%34.4%35.0%
Cash & Debt            
Total Cash1,2581,2341,2501,2161,1861,5871,6261,4451,5931,6761,5501,679
Total Debt139139178179178153153128192128286227
Net Debt / (Cash)-1,119-1,095-1,071-1,037-1,008-1,434-1,473-1,317-1,401-1,548-1,263-1,452
Cash Flows Quarterly            
FCF from Operations374352273829251924302422
Cash Flows TTM            
FCF from Operations TTM158159145118110969797100107105113
Returns to Shareholders Quarterly            
Dividends12111111118888777
Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC------------
Return on Invested Capital (ROIC) TTM            
ROIC TTM------------

Segment Financials

Revenue by Segment
$ Mil20252004
Core Banking424 
Other Revenues46 
Wealth Management Services17 
Other1 
Insurance0 
Elimination of Intercompany Revenues-0 
CORE BANKING 31
Financial Services 0
INSURANCE 0
Mortgage Banking 1
Total48732


Net Income by Segment
$ Mil20232022202120202019
Core Banking8583826159
Wealth Management Services32311
Insurance22222
Other-4-6-3-2-2
Total8682846259


Assets by Segment
$ Mil20252024202320222021
Core Banking8,3636,3406,1386,1525,596
Wealth Management Services19141096
Other7-581-20-6
Insurance0041512
Total8,3896,2966,1526,1565,609


Price Behavior

Price Behavior
Market Price$46.72 
Market Cap ($ Bil)1.8 
First Trading Date05/21/1993 
Distance from 52W High-2.8% 
   50 Days200 Days
DMA Price$44.47$41.27
DMA Trendupup
Distance from DMA5.1%13.2%
 3M1YR
Volatility19.0%22.7%
Downside Capture7.6352.28
Upside Capture27.1759.31
Correlation (SPY)-3.2%27.0%
GABC Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta-0.41-0.190.060.290.480.61
Up Beta-1.40-0.85-0.070.180.580.60
Down Beta-0.14-0.18-0.290.070.310.61
Up Capture26%36%41%54%49%37%
Bmk +ve Days11244067140429
Stock +ve Days15263970127377
Down Capture-67%-38%-4%27%51%78%
Bmk -ve Days10172358112321
Stock -ve Days6152454122367

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with GABC
GABC17.5%22.7%0.64-
Sector ETF (XLF)7.7%14.8%0.2954.3%
Equity (SPY)22.3%12.5%1.3326.9%
Gold (GLD)24.4%27.8%0.77-5.1%
Commodities (DBC)23.6%18.7%1.00-22.5%
Real Estate (VNQ)13.2%13.9%0.6541.0%
Bitcoin (BTCUSD)-42.8%42.8%-1.1812.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with GABC
GABC7.7%26.5%0.27-
Sector ETF (XLF)10.5%18.6%0.4357.9%
Equity (SPY)13.4%17.1%0.6139.8%
Gold (GLD)18.0%18.3%0.80-2.5%
Commodities (DBC)7.5%19.5%0.285.5%
Real Estate (VNQ)2.9%18.9%0.0643.3%
Bitcoin (BTCUSD)12.3%53.5%0.4217.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with GABC
GABC11.2%28.8%0.42-
Sector ETF (XLF)14.1%22.1%0.5867.6%
Equity (SPY)15.8%17.9%0.7550.1%
Gold (GLD)11.7%16.1%0.59-5.8%
Commodities (DBC)6.1%18.0%0.2714.4%
Real Estate (VNQ)5.2%20.7%0.2247.4%
Bitcoin (BTCUSD)58.0%66.2%0.9813.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity1.2 Mil
Short Interest: % Change Since 53120269.8%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest7.8 days
Basic Shares Quantity37.5 Mil
Short % of Basic Shares3.1%

Returns Analyses

Earnings Returns History

Updated 6/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/27/2026-1.6%-2.8%-0.3%
1/26/20263.6%6.5%5.8%
10/27/20252.7%-0.5%3.5%
7/28/20250.1%-5.6%5.2%
4/28/20252.6%4.9%5.5%
1/27/20254.4%2.6%-1.2%
10/28/2024-1.1%-0.2%12.9%
7/29/20240.2%-8.7%-1.3%
...
SUMMARY STATS   
# Positive161315
# Negative8119
Median Positive2.3%3.4%5.5%
Median Negative-2.2%-2.8%-1.3%
Max Positive5.0%7.2%20.5%
Max Negative-7.1%-8.7%-9.9%
 Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/27/2026-1.6%-2.8%-0.3%
1/26/20263.6%6.5%5.8%
10/27/20252.7%-0.5%3.5%
7/28/20250.1%-5.6%5.2%
4/28/20252.6%4.9%5.5%
1/27/20254.4%2.6%-1.2%
10/28/2024-1.1%-0.2%12.9%
7/29/20240.2%-8.7%-1.3%
4/29/2024-0.9%0.7%-1.5%
1/29/20242.7%-5.0%-5.1%
10/31/2023-2.8%3.7%6.4%
7/31/20231.9%7.0%-0.2%
4/25/2023-7.1%-8.3%-7.5%
1/31/20233.1%7.2%5.1%
11/1/20220.3%1.5%2.0%
7/26/20225.0%4.8%5.6%
4/26/2022-3.5%-3.7%-0.0%
2/1/20220.7%1.2%0.6%
10/26/20210.3%0.7%10.1%
7/27/20212.5%3.4%3.8%
4/27/2021-1.7%-1.3%-9.9%
1/26/20212.1%2.1%20.5%
10/27/2020-3.6%-0.4%11.8%
7/28/20200.0%-2.4%1.4%
SUMMARY STATS   
# Positive161315
# Negative8119
Median Positive2.3%3.4%5.5%
Median Negative-2.2%-2.8%-1.3%
Max Positive5.0%7.2%20.5%
Max Negative-7.1%-8.7%-9.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/06/202610-Q
12/31/202502/27/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/12/202510-Q
12/31/202403/03/202510-K
09/30/202411/08/202410-Q
06/30/202408/09/202410-Q
03/31/202405/08/202410-Q
12/31/202302/27/202410-K
09/30/202311/07/202310-Q
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202203/01/202310-K
09/30/202211/07/202210-Q
06/30/202208/09/202210-Q
 Collapse to Preview
Report DateFiling DateFiling
03/31/202605/06/202610-Q
12/31/202502/27/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/12/202510-Q
12/31/202403/03/202510-K
09/30/202411/08/202410-Q
06/30/202408/09/202410-Q
03/31/202405/08/202410-Q
12/31/202302/27/202410-K
09/30/202311/07/202310-Q
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202203/01/202310-K
09/30/202211/07/202210-Q
06/30/202208/09/202210-Q
03/31/202205/10/202210-Q
12/31/202103/01/202210-K
09/30/202111/09/202110-Q
06/30/202108/06/202110-Q
03/31/202105/07/202110-Q
12/31/202002/26/202110-K
09/30/202011/06/202010-Q
06/30/202008/07/202010-Q
03/31/202005/11/202010-Q
12/31/201903/02/202010-K
09/30/201911/08/201910-Q
06/30/201908/09/201910-Q

Insider Activity

Updated 7/1/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Seger, Andrew MDirectBuy617202645.55221,000838,399Form
2Ryan, Christina MDirectBuy617202645.55221,000798,023Form
3Ellspermann, Susan JDirectBuy617202645.55221,000541,384Form
4Bawel, Zachary WDirectBuy617202645.55221,0001,124,567Form
5Seger, Andrew MDirectBuy518202641.84241,000768,538Form
 Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Seger, Andrew MDirectBuy617202645.55221,000838,399Form
2Ryan, Christina MDirectBuy617202645.55221,000798,023Form
3Ellspermann, Susan JDirectBuy617202645.55221,000541,384Form
4Bawel, Zachary WDirectBuy617202645.55221,0001,124,567Form
5Seger, Andrew MDirectBuy518202641.84241,000768,538Form
6Bawel, Zachary WDirectBuy417202643.58231,0001,068,076Form
7Sheidler, JackDirectBuy417202643.58251,1002,916,815Form
8Sheidler, JackDirectBuy317202640.84251,0092,732,489Form
9Ryan, Christina MDirectBuy317202640.84492,018709,909Form
10Ellspermann, Susan JDirectBuy317202640.48492,000477,197Form
11Bawel, Zachary WDirectBuy317202640.48251,000991,206Form
12Seger, Andrew MDirectBuy317202640.48522,100742,615Form
13Seger, Andrew MDirectBuy218202643.64231,000797,585Form
14Bawel, Zachary WDirectBuy116202640.60492,000986,814Form
15Ellspermann, Susan JDirectBuy116202640.60251,000473,603Form
16Sheidler, JackDirectBuy116202640.60251,0002,711,090Form
17Ryan, Christina MDirectBuy1216202541.45482,000713,739Form
18Ellspermann, Susan JDirectBuy1216202541.45241,000482,490Form
19Seger, Andrew MDirectBuy1216202541.45271,100756,730Form
20Seger, Andrew MDirectBuy1118202539.05261,000711,181Form
21Ellspermann, Susan JDirectBuy1016202538.97281,100449,609Form
22Bawel, Zachary WDirectBuy1016202538.971556,050938,785Form
23Sheidler, JackDirectBuy1016202538.97311,2002,596,249Form
24Ryan, Christina MDirectBuy1016202538.97281,100664,434Form
25Bawel, Zachary WDirectBuy917202540.8649020,000978,019Form
26Ellspermann, Susan JDirectBuy917202540.862239,100470,284Form
27Ryan, Christina MDirectBuy917202540.862100695,538Form
28Sheidler, JackDirectBuy917202540.86502,0502,721,039Form
29Seger, Andrew MDirectBuy917202540.86512,100743,096Form
30Seger, Andrew MDirectBuy819202539.7450320,000720,233Form
31Sheidler, JackDirectBuy819202539.7450320,0002,640,124Form
32Ellspermann, Susan JDirectBuy819202539.7450320,000445,817Form
33Bawel, Zachary WDirectBuy819202539.7450320,000925,884Form
34Ryan, Christina MDirectBuy819202539.7450320,000672,004Form
35Medley, Diane BHeld in an IRABuy805202537.9588233,473237,270Form
36Sheidler, JackDirectBuy717202540.4949420,0002,669,947Form
37Ryan, Christina MDirectBuy717202540.4949420,000664,402Form
38Kelly, Jason MDirectBuy717202540.4949420,000549,039Form
39Ellspermann, Susan JDirectBuy717202540.4949420,000433,914Form
40Bawel, Zachary WDirectBuy717202540.4949420,000923,110Form

Industry Resources

External Quote Links


Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 7/9/2026