GERMAN AMERICAN BANCORP, INC. (GABC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: November 05, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 34.45% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
37M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

GABC currently has 37.5M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 34.45% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 05, 2025

10-Q filing | 37.5M shares outstanding

37M 0
Aug 07, 2025

10-Q filing | 37.5M shares outstanding

37M 0
May 12, 2025

10-Q filing | 34.7M shares outstanding

35M 0
Mar 03, 2025

10-K filing | 37.4M shares outstanding

37M 0
Nov 08, 2024

10-Q filing | 29.7M shares outstanding

30M 0
Aug 09, 2024

10-Q filing | 29.7M shares outstanding

30M 0
Jul 29, 2024

8-K filing: German American Bancorp, Inc. and Heartland BancCorp entered into a merger agreement where Heartland will merge into German American, with each share of Heartland common stock exchanged for 3.90 shares of German American common stock, resulting in German American issuing approximately 7.66 million shares of its common stock and paying approximately $25.0 million in cash.

30M 0
May 08, 2024

10-Q filing | 29.6M shares outstanding

30M 0
Feb 27, 2024

10-K filing | 29.6M shares outstanding

30M 0
Nov 07, 2023

10-Q filing | 29.6M shares outstanding

30M 0
Aug 08, 2023

10-Q filing | 29.6M shares outstanding

30M 0
May 09, 2023

10-Q filing | 29.5M shares outstanding

30M 0
Mar 01, 2023

10-K filing | 29.5M shares outstanding

29M 0
Nov 07, 2022

10-Q filing | 29.5M shares outstanding

29M 0
Aug 09, 2022

10-Q filing | 29.5M shares outstanding

29M 0
May 10, 2022

10-Q filing | 29.4M shares outstanding

29M 0
Mar 01, 2022

10-K filing | 26.5M shares outstanding

27M 0
Feb 01, 2022

8-K filing: The company's Board of Directors declared a cash dividend of $0.23 per share and approved a plan to repurchase up to one million shares of the Company's outstanding common stock.

27M 0
Nov 09, 2021

10-Q filing | 26.5M shares outstanding

27M 0
Sep 21, 2021

8-K filing: German American Bancorp, Inc. and Citizens Union Bancorp of Shelbyville, Inc. entered into a Merger Agreement where CUB will merge with and into German American, with German American issuing approximately 2.9 million shares and paying approximately $50.7 million in cash for CUB common stock and cancellation of options.

27M 0
Aug 06, 2021

10-Q filing | 26.5M shares outstanding

27M 0
May 07, 2021

10-Q filing | 26.5M shares outstanding

27M 0
Feb 26, 2021

10-K filing | 26.5M shares outstanding

27M 0
Jan 26, 2021

8-K filing: The company's board of directors declared a cash dividend of $0.21 per share and approved a plan to repurchase up to one million shares of the company's outstanding common stock, representing approximately 4% of the company's outstanding shares.

26M 0
Nov 06, 2020

10-Q filing | 26.5M shares outstanding

26M 0
Aug 07, 2020

10-Q filing | 26.5M shares outstanding

27M 0
May 11, 2020

10-Q filing | 26.7M shares outstanding

27M 0
Mar 02, 2020

10-K filing | 25.8M shares outstanding

26M 0
Jan 28, 2020

8-K filing: German American Bancorp, Inc. announced a plan to repurchase up to one million shares of its outstanding common stock and declared a cash dividend of $0.19 per share.

N/A 0
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