The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

  UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
 Washington, D.C. 20549
FORM 13F
OMB Number:   3235-0006
Estimated average burden
hours per response:       23.8


FORM 13F COVER PAGE


Report for the Calendar Year or Quarter Ended:
03-31-2026
 
Check here if Amendment:      Amendment Number:
 
This Amendment (Check only one.):    is a restatement.
     adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:GERMAN AMERICAN BANCORP, INC. 
Address:711 MAIN STREET 
 JASPER IN 47546 

Form 13F File Number:  028-18884 
CRD Number (if applicable):   
SEC File Number (if applicable):   


The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:BRADLEY M. RUST 
Title:PRESIDENT & CFO 
Phone: 812-482-1314 

Signature, Place, and Date of Signing:

BRADLEY M. RUST JASPER,  INDIANA 05-06-2026 
[Signature][City, State][Date]

Do you wish to provide information pursuant to Special Instruction 5?        Yes      X  No

Report Type (Check only one.):

X  13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)

     13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)

     13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
Form 13F Information table Entry Total:199 
Form 13F Information table Value Total:1,163,103,122 
 (round to nearest dollar)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F number(s) of all institutional investement managers with respect to which this report is filed, other than the manager filing this report.


     NONE

FORM 13F INFORMATION TABLE

COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
NAME OF ISSUER TITLE OF CLASS CUSIPFIGI VALUE
(round to nearest dollar)
SHRS OR
PRN AMT
SH /
PRN
PUT /
CALL
INVESTMENT
DISCRETION
OTHER
MANAGER
VOTING AUTHORITY
SOLESHAREDNONE
CRH PLCORDG25508105-643,1246,118SH-SOLE-6,11800
LINDE PLCSHSG54950103-210,202424SH-SOLE-42400
TRANE TECHNOLOGIES PLCSHSG8994E103-458,4141,100SH-SOLE-1,10000
ASML HLDG NVNY Registry ShsN07059210-203,407154SH-SOLE-15400
CNH INDL N VSHSN20944109-253,11023,010SH-SOLE-23,01000
AT&TCOM00206R102-423,42714,606SH-SOLE-14,60600
AST SPACEMOBILE INCCOM CL A00217D100-726,6878,769SH-SOLE-4,84403,925
ABBOTT LABSCOM002824100-8,979,21087,457SH-SOLE-87,442015
ABBOTT LABSCOM002824100-17,453170SH-OTR-17000
ABBVIE INCCOM00287Y109-6,203,90228,525SH-SOLE-28,52104
ABBVIE INCCOM00287Y109-10,65749SH-OTR-4900
ADOBE INCCOM00724F101-449,2111,848SH-SOLE-1,84800
ADVANCED MICRO DEVICES INCCOM007903107-541,7342,663SH-SOLE-2,66300
ALLSTATE CORPCOM020002101-245,6971,185SH-SOLE-1,18500
ALLY FINL INCCOM02005N100-318,1948,111SH-SOLE-8,11100
ALPHABET INCCAP STK CL A02079K305-46,999,381163,442SH-SOLE-163,3400102
ALPHABET INCCAP STK CL A02079K305-85,692298SH-OTR-29800
ALTRIA GROUP INCCOM02209S103-464,9657,046SH-SOLE-7,04600
AMAZON COM INCCOM023135106-31,402,534150,778SH-SOLE-148,69802,080
AMAZON COM INCCOM023135106-59,565286SH-OTR-28600
AMERICAN ELEC PWR CO INCCOM025537101-409,2313,122SH-SOLE-3,12200
AMERICAN EXPRESS COCOM025816109-243,496805SH-SOLE-80500
AMGEN INCCOM031162100-1,514,4744,304SH-SOLE-4,30400
APA CORPORATIONCOM03743Q108-355,0108,365SH-SOLE-8,36500
APPLE INCCOM037833100-46,997,847185,184SH-SOLE-185,155029
APPLE INCCOM037833100-86,288340SH-OTR-34000
APPLIED MATLS INCCOM038222105-341,7901,000SH-SOLE-1,00000
AUTOMATIC DATA PROCESSING INCOM053015103-405,3441,995SH-SOLE-1,6950300
BANK AMERICA CORPCOM060505104-12,370,995253,764SH-SOLE-253,6420122
BANK AMERICA CORPCOM060505104-26,568545SH-OTR-54500
BERKSHIRE HATHAWAY INC DELCL B NEW084670702-11,511,82124,023SH-SOLE-24,01904
BERKSHIRE HATHAWAY INC DELCL B NEW084670702-25,39753SH-OTR-5300
BLACKROCK INCCOM09290D101-10,885,59511,319SH-SOLE-11,31702
BLACKROCK INCCOM09290D101-22,11923SH-OTR-2300
BOEING COCOM097023105-4,860,51124,421SH-SOLE-24,41704
BOEING COCOM097023105-10,15051SH-OTR-5100
BRISTOL-MYERS SQUIBB COCOM110122108-346,3725,711SH-SOLE-5,5110200
BROADCOM INCCOM11135F101-17,685,40157,140SH-SOLE-56,02101,119
BROADCOM INCCOM11135F101-30,951100SH-OTR-10000
CVS HEALTH CORPCOM126650100-357,3044,975SH-SOLE-4,97500
COTERRA ENERGY INCCOM127097103-298,1628,485SH-SOLE-8,48500
CATERPILLAR INCCOM149123101-13,809,30219,492SH-SOLE-19,48903
CATERPILLAR INCCOM149123101-23,37933SH-OTR-3300
CHEVRON CORP NEWCOM166764100-697,2533,370SH-SOLE-3,37000
CHURCH AND DWIGHT INCCOM171340102-385,0384,126SH-SOLE-4,12600
CISCO SYS INCCOM17275R102-8,657,181111,576SH-SOLE-111,557019
CISCO SYS INCCOM17275R102-16,759216SH-OTR-21600
COCA COLA COCOM191216100-9,860,643129,660SH-SOLE-129,587073
COCA COLA COCOM191216100-18,632245SH-OTR-24500
CONOCOPHILLIPSCOM20825C104-6,724,87250,946SH-SOLE-50,936010
CONOCOPHILLIPSCOM20825C104-15,180115SH-OTR-11500
COSTCO WHSL CORP NEWCOM22160K105-13,851,37313,901SH-SOLE-13,89902
COSTCO WHSL CORP NEWCOM22160K105-26,90327SH-OTR-2700
CUMMINS INCCOM231021106-228,658425SH-SOLE-42500
DANAHER CORPORATIONCOM235851102-3,520,49218,568SH-SOLE-18,56503
DANAHER CORPORATIONCOM235851102-6,63635SH-OTR-3500
DEERE & COCOM244199105-911,4191,618SH-SOLE-1,61800
DISNEY WALT COCOM DISNEY254687106-3,842,18839,865SH-SOLE-39,85807
DISNEY WALT COCOM DISNEY254687106-7,80681SH-OTR-8100
DOLLAR GEN CORPCOM256677105-260,9682,198SH-SOLE-2,19800
EVERSOURCE ENERGYCOM30040W108-213,4513,081SH-SOLE-3,08100
EXXON MOBIL CORPCOM30231G102-13,169,00977,620SH-SOLE-77,606014
EXXON MOBIL CORPCOM30231G102-27,315161SH-OTR-16100
META PLATFORMS INCCL A30303M102-22,428,64039,202SH-SOLE-39,19507
META PLATFORMS INCCL A30303M102-47,48683SH-OTR-8300
FEDEX CORPCOM31428X106-9,657,10827,113SH-SOLE-27,10805
FEDEX CORPCOM31428X106-20,30257SH-OTR-5700
FIFTH THIRD BANCORPCOM316773100-213,1124,587SH-SOLE-4,58700
FIRST TR EXCHANGE-TRADED ALPCOM33735K108-308,2852,000SH-SOLE-2,00000
FORD MTR COCOM345370860-219,47919,019SH-SOLE-19,01900
GE AEROSPACECOM369604301-266,743940SH-SOLE-94000
GENERAL MTRS COCOM37045V100-9,771,047131,155SH-SOLE-131,130025
GENERAL MTRS COCOM37045V100-21,828293SH-OTR-29300
GERMAN AMERN BANCORP INCCOM373865104-40,405,580966,872SH-SOLE-19,5280947,344
GOLDMAN SACHS GROUP INCCOM38414G104-994,0381,175SH-SOLE-1,17500
HOME DEPOT INCCOM437076102-977,1322,971SH-SOLE-2,957014
HONEYWELL INTL INCCOM438516106-7,240,87132,035SH-SOLE-32,03005
HONEYWELL INTL INCCOM438516106-14,23963SH-OTR-6300
ILLINOIS TOOL WKS INCCOM452308109-225,411866SH-SOLE-86600
INTEL CORPCOM458140100-349,8187,927SH-SOLE-7,92700
INVESCO QQQ TRUNIT SER 146090E103-2,061,1093,571SH-SOLE-3,57100
ISHARES TRCORE S&P TTL STK464287150-629,5404,420SH-SOLE-4,42000
ISHARES TRCORE S&P500 ETF464287200-36,866,51956,439SH-SOLE-56,43900
ISHARES TRCORE US AGGBD ET464287226-624,2096,288SH-SOLE-6,28800
ISHARES TRMSCI EAFE ETF464287465-888,4489,147SH-SOLE-9,14700
ISHARES TRRUS MID CAP ETF464287499-93,274,294959,316SH-SOLE-959,0710245
ISHARES TRRUS MID CAP ETF464287499-208,4612,144SH-OTR-2,14400
ISHARES TRRUS 1000 VAL ETF464287598-909,5934,257SH-SOLE-4,25700
ISHARES TRRUS 1000 GRW ETF464287614-526,6041,235SH-SOLE-1,23500
ISHARES TRRUSSELL 2000 ETF464287655-53,971,744217,628SH-SOLE-217,572056
ISHARES TRRUSSELL 2000 ETF464287655-121,272489SH-OTR-48900
ISHARES TRCORE S&P US VLU464287663-592,2325,792SH-SOLE-5,79200
ISHARES TRSHRT NATG MUN ETF464288158-3,916,11136,771SH-SOLE-36,3210450
ISHARES TRMSCI ACWI EX US464288240-114,612,7541,673,912SH-SOLE-1,673,4820430
ISHARES TRMSCI ACWI EX US464288240-259,2273,786SH-OTR-3,78600
ISHARES TRNATIONAL MUN ETF464288414-14,137,481133,184SH-SOLE-132,14101,043
ISHARES TRGOV/CRED BD ETF464288596-410,1173,937SH-SOLE-3,93700
ISHARES TRINTRM GOV CR ETF464288612-94,435,269885,220SH-SOLE-885,22000
ISHARES TRINTRM GOV CR ETF464288612-123,1081,154SH-OTR-1,15400
JPMORGAN CHASE & COCOM46625H100-16,794,77157,094SH-SOLE-57,08509
JPMORGAN CHASE & COCOM46625H100-29,12199SH-OTR-9900
JOHNSON & JOHNSONCOM478160104-12,066,78049,365SH-SOLE-49,35708
JOHNSON & JOHNSONCOM478160104-23,46696SH-OTR-9600
KLA CORPCOM NEW482480100-346,016235SH-SOLE-23500
KINDER MORGAN INC DELCOM49456B101-211,9436,321SH-SOLE-6,32100
KROGER COCOM501044101-222,5073,075SH-SOLE-3,07500
LENNAR CORPCL A526057104-223,2652,571SH-SOLE-2,57100
ELI LILLY & COCOM532457108-13,819,54415,025SH-SOLE-14,959066
ELI LILLY & COCOM532457108-25,75328SH-OTR-2800
LOCKHEED MARTIN CORPCOM539830109-253,239419SH-SOLE-41900
M & T BK CORPCOM55261F104-7,389,82635,748SH-SOLE-35,74206
M & T BK CORPCOM55261F104-16,33079SH-OTR-7900
MASTERCARD INCORPORATEDCL A57636Q104-13,501,31227,021SH-SOLE-27,01605
MASTERCARD INCORPORATEDCL A57636Q104-25,48251SH-OTR-5100
MCDONALDS CORPCOM580135101-615,9851,982SH-SOLE-1,98200
MERCK & CO INCCOM58933Y105-430,7583,581SH-SOLE-3,3760205
MICROSOFT CORPCOM594918104-41,245,451111,423SH-SOLE-110,08101,342
MICROSOFT CORPCOM594918104-75,884205SH-OTR-20500
MICRON TECHNOLOGY INCCOM595112103-23,307,91968,991SH-SOLE-68,980011
MICRON TECHNOLOGY INCCOM595112103-44,257131SH-OTR-13100
MORGAN STANLEYCOM NEW617446448-13,260,39280,576SH-SOLE-80,562014
MORGAN STANLEYCOM NEW617446448-26,495161SH-OTR-16100
NEXTERA ENERGY INCCOM65339F101-589,2306,344SH-SOLE-6,34400
NIKE INCCL B654106103-3,501,01566,282SH-SOLE-66,269013
NIKE INCCL B654106103-7,711146SH-OTR-14600
NORTHROP GRUMMAN CORPCOM666807102-7,267,90210,653SH-SOLE-10,65300
NORTHROP GRUMMAN CORPCOM666807102-23,87835SH-OTR-3500
NVIDIA CORPORATIONCOM67066G104-46,936,969269,134SH-SOLE-269,088046
NVIDIA CORPORATIONCOM67066G104-92,955533SH-OTR-53300
ORACLE CORPCOM68389X105-12,847,70487,334SH-SOLE-87,320014
ORACLE CORPCOM68389X105-24,714168SH-OTR-16800
PNC FINL SVCS GROUP INCCOM693475105-318,3771,530SH-SOLE-1,53000
PEPSICO INCCOM713448108-375,9572,421SH-SOLE-2,42100
PFIZER INCCOM717081103-3,945,998140,527SH-SOLE-140,500027
PFIZER INCCOM717081103-8,676309SH-OTR-30900
PHILIP MORRIS INTL INCCOM718172109-592,0823,581SH-SOLE-3,58100
PHILLIPS 66COM718546104-4,731,57825,972SH-SOLE-25,96705
PHILLIPS 66COM718546104-10,74859SH-OTR-5900
PROCTER & GAMBLE COCOM742718109-9,843,15268,147SH-SOLE-68,136011
PROCTER & GAMBLE COCOM742718109-18,488128SH-OTR-12800
QUALCOMM INCCOM747525103-321,8212,499SH-SOLE-2,0650434
RTX CORPORATIONCOM75513E101-13,425,84069,600SH-SOLE-69,587013
RTX CORPORATIONCOM75513E101-28,549148SH-OTR-14800
SPDR S&P 500 ETF TRTR UNIT78462F103-27,947,43842,973SH-SOLE-42,897076
SPDR S&P 500 ETF TRTR UNIT78462F103-147,627227SH-OTR-22700
SPDR GOLD TRGOLD SHS78463V107-558,0861,297SH-SOLE-17901,118
SPDR INDEX SHS FDSPORTFOLIO EMG MK78463X509-314,8136,711SH-SOLE-6,71100
SPDR INDEX SHS FDSPORTFOLIO DEVLPD78463X889-1,435,82931,453SH-SOLE-31,45300
SPDR SER TRPORTFOLIO INTRMD78464A375-452,89013,503SH-SOLE-13,50300
SPDR SER TRPORTFOLI S&P150078464A805-832,10610,525SH-SOLE-10,52500
SPDR SER TRS&P 400 MDCP VAL78464A839-218,5802,567SH-SOLE-2,56700
SPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP78467Y107-766,4041,242SH-SOLE-1,24200
SALESFORCE INCCOM79466L302-1,391,6247,455SH-SOLE-7,45500
SELECT SECTOR SPDR TRSBI MATERIALS81369Y100-412,7528,260SH-SOLE-8,26000
SELECT SECTOR SPDR TRSBI HEALTHCARE81369Y209-563,7153,845SH-SOLE-3,84500
SELECT SECTOR SPDR TRSBI CONS STPLS81369Y308-415,2285,065SH-SOLE-5,06500
SELECT SECTOR SPDR TRSBI CONS DISCR81369Y407-5,298,82548,622SH-SOLE-48,61408
SELECT SECTOR SPDR TRSBI CONS DISCR81369Y407-10,24494SH-OTR-9400
SELECT SECTOR SPDR TRFINANCIAL81369Y605-972,09519,690SH-SOLE-19,69000
SELECT SECTOR SPDR TRINDL81369Y704-281,7331,742SH-SOLE-1,74200
SELECT SECTOR SPDR TRTECHNOLOGY81369Y803-1,998,28415,036SH-SOLE-15,03600
SELECT SECTOR SPDR TRCOMMUNICATION81369Y852-1,873,31216,898SH-SOLE-16,89800
SELECT SECTOR SPDR TRSBI INT-UTILS81369Y886-21,679,812472,430SH-SOLE-472,332098
SELECT SECTOR SPDR TRSBI INT-UTILS81369Y886-50,6161,103SH-OTR-1,10300
STRYKER CORPORATIONCOM863667101-208,654635SH-SOLE-63500
SYNOPSIS INCCOM871607107-3,957,6639,982SH-SOLE-9,98002
SYNOPSIS INCCOM871607107-9,51524SH-OTR-2400
TJX COS INC NEWCOM872540109-5,519,87034,564SH-SOLE-34,55806
TJX COS INC NEWCOM872540109-10,38065SH-OTR-6500
TAIWAN SEMICONDUCTOR MANUFACSPONSORED ADS874039100-325,107962SH-SOLE-8620100
TARGET CORPCOM87612E106-315,4832,603SH-SOLE-2,60300
TEXAS INSTRS INCCOM882508104-664,7353,424SH-SOLE-3,42400
THERMO FISHER SCIENTIFIC INCCOM883556102-5,089,79310,355SH-SOLE-10,35302
THERMO FISHER SCIENTIFIC INCCOM883556102-9,83020SH-OTR-2000
TRUIST FINL CORPCOM89832Q109-369,9208,047SH-SOLE-8,04700
TYSON FOODS INCCL A902494103-281,7154,397SH-SOLE-4,39700
US BANCORP DELCOM NEW902973304-317,0006,095SH-SOLE-6,09500
UNITEDHEALTH GROUP INCCOM91324P102-6,576,96024,306SH-SOLE-24,30204
UNITEDHEALTH GROUP INCCOM91324P102-12,98848SH-OTR-4800
VANGUARD STAR FDSVG TL INTL STK F921909768-604,8507,844SH-SOLE-7,84400
VANGUARD WORLD FDMEGA GRWTH IND921910816-235,896642SH-SOLE-64200
VANGUARD BD INDEX FDSSHORT TRM BOND921937827-440,8995,623SH-SOLE-5,62300
VANGUARD WHITEHALL FDSHIGH DIV YLD921946406-3,527,89023,821SH-SOLE-23,82100
VANGUARD INTL EQUITY INDEX FALLWRLD EX US922042775-317,8984,233SH-SOLE-4,23300
VANGUARD SCOTTSDALE FDSINT TERM CORP92206C870-3,106,68337,543SH-SOLE-37,54300
VANGUARD INDEX FDSREAL ESTATE ETF922908553-227,4262,564SH-SOLE-2,56400
VANGUARD INDEX FDSMID CAP ETF922908629-1,032,4123,595SH-SOLE-3,59500
VANGUARD INDEX FDSGROWTH ETF922908736-719,8291,648SH-SOLE-1,64800
VANGUARD INDEX FDSVALUE ETF922908744-523,6572,669SH-SOLE-2,66900
VANGUARD INDEX FDSSMALL CP ETF922908751-633,0602,417SH-SOLE-2,41700
VANGUARD INDEX FDSTOTAL STK MKT922908769-1,658,5875,170SH-SOLE-5,17000
VERIZON COMMUNICATIONS INCCOM92343V104-525,44310,467SH-SOLE-5,58404,883
VISA INCCOM CL A92826C839-1,938,2656,413SH-SOLE-6,41300
WALMART INCCOM931142103-9,129,48473,459SH-SOLE-73,362097
WALMART INCCOM931142103-19,511157SH-OTR-15700
WASTE MGMT INC DELCOM94106L109-232,5471,012SH-SOLE-1,01200
WETERN UN COCOM959802109-183,66121,038SH-SOLE-21,03800
ZOESTIS INCCL A98978V103-2,393,39720,247SH-SOLE-20,24304
ZOESTIS INCCL A98978V103-5,20144SH-OTR-4400