Company Profile
- German American Bancorp, Inc. (NASDAQ: GABC) (“German American” or “the company”) is a $6.1 billion-asset bank holding company headquartered in Jasper, IN with operations primarily located in Southern IN and Central and Western KY. GABC offers its products and services through its subsidiaries: German American Bank (“the bank”) and German American Investment Services, Inc. - a retail brokerage, which has supported diverse revenue streams with noninterest income tracking in the mid-20% range. In 2Q24, the company sold its insurance business, German American Insurance, Inc., although it still maintains the wealth management business ($3.0 billion AUM).
- GABC has a disciplined M&A strategy focused on acquiring banks ~20%-25% of its size and integrating and operating the consolidated company typically for ~2-3 years prior to executing additional acquisitions. GABC has expanded its presence in KY through its three most recent acquisitions which added $2.2…