German American Bancorp, Inc. · NASDAQ:GABC
German American Bancorp — Raymond James 2026 US Bank Conference
26 slides from German American Bancorp's conference presentation, Sep 8, 2026
Slide 1: GABC 2nd Quarter 2026 - Raymond James 2026 US Bank Conference
Neil Dauby, Chairman & CEO neil.dauby@germanamerican.com Brad Rust, President & CFO brad.rust@germanamerican.com Scan for electronic presentation GABC 2nd Quarter 2026 Raymond James 2026 US Bank Conference September 9, 2026
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS When used in this presentation and our oral statements, the words or phrases “believe,” “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “plans,” or similar expressions are intended to identify “fo
Slide 3: Who We Are
Indiana, Kentucky & Ohio Community-focused Financial Services Organization Who We Are 3 $8.4 Billion Total Banking Assets $4.3 Billion Investment & Trust Assets Under Management ~1,060 Team Members 93 Banking Offices in Indiana, Kentucky & Ohio
Slide 4: History of Financial Performance & Growth
4 History of Financial Performance & Growth Fourteen Consecutive Years of Increased Dividends History of Improved Earnings Performance Double-Digit Return on Equity for 21+ Consecutive Fiscal Years
Slide 5: Financial Trends
FINANCIAL TRENDS 5
Slide 6: Total Assets and Return on Average Assets
Total Assets 6 $5,609 $6,156 $6,152 $6,296 $8,389 $8,440 1.57% 1.26% 1.42% 1.34% 1.57% 1.69% 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 06/30/26 (dollars in millions, except per share amount) Return on Average Assets * * **Reflects certain adjustments. Refer to "Use of Non-GAAP Financial Measures"
Slide 7: Loan Portfolio Trends
Loan Portfolio Trends 7 $3,004 $3,785 $3,971 $4,125 $5,875 $5,932 81% 81% 81% 80% 76% 76% 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 06/30/26 Total Loans, Net of Unearned Income Commercial & Agricultural Loans as % of Total Loans (dollars in millions) 56.62% 52.07% 56.26% 61.23% 64.51% 61.14% 40.7
Slide 8: Loan Portfolio Composition & Diversification
Floating 34% Fixed 27% 1 YR Adjustable 10% 3 YR + Adjustable 29% Rate Type Segmentation Construction & Development Loans $ 505.3 million 9% Agricultural Loans $ 476.7 million 8% Commercial & Industrial Loans $ 779.8 million 13% Commerical Real Estate Owner Occupied $ 834.2 million 14% Commercial Rea
Slide 9: Non-Performing Assets to Total Assets
0.26% 0.23% 0.15% 0.18% 0.35% 0.32% 0.34% 0.29% 0.37% 0.49% 0.56% 0.60% 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 06/30/26 GABC Peer Group * Non- Performing Assets to Total Assets 9 * Peer Group (St. Louis Federal Reserve District BHC with Total Assets between $3 and $10 billion) Data as of 3/31/
Slide 10: Total Deposits
Total Deposits 10 $4,744 $5,350 $5,253 $5,329 $6,990 $6,996 93% 92% 85% 83% 82% 81% 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 06/30/26 Non-Maturity Deposit Accounts as % of Total Deposits (dollars in millions) Cost of Deposits Per Year 2021 0.11% 2022 0.24% 2023 1.10% 2024 1.71% 2025 1.66% Cost o
Slide 11: Total Deposit Composition
Commercial $2,463 million 35% Public Fund $1,367 million 20% Retail $3,166 million 45% Non-Interest Bearing Demand $1,968 million 28% Interest Bearing Demand, Savings & Money Market $3,676 million 53% Time Deposits < $100,000 $452 million 6% Time Deposits > $100,000 $900 million 13% 11 Total Deposit
Slide 12: Return on Average Tangible Common Equity and Shareholders' Equity
16.38% 19.51% 21.69% 16.73% 19.79% 18.26% 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 06/30/26 YTD Return on Average Tangible Common Equity Total Shareholders' Equity 12 * *Reflects certain adjustments. Refer to "Use of Non-GAAP Financial Measures" for additional information, including a reconcilia
Slide 13: Regulatory Capital Levels
Regulatory Capital Levels 13 15.50% 14.57% 14.06% 12.25% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00% 20.00% Total Capital (to Risk Weighted Assets) Tier 1 (Core) Capital (to Risk Weighted Assets) Common Tier 1 (CET 1) Capital Ratio (to Risk Weighted Assets) Tier 1 Capital (to Av
Slide 14: Net Interest Income and Net Interest Margin
Net Interest Income 14 $160,830 $200,584 $190,433 $190,591 $294,132 $139,727 $160,059 3.31% 3.45% 3.58% 3.43% 4.02% 3.94% 4.28% 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 06/30/25 YTD 06/30/26 YTD Net Interest Margin (Tax-Equivalent) (dollars in thousands)
Slide 15: Non-Interest Income
Net Gains on Sales of Loans $3.1 million 9% Service Charges on Deposit Accounts $7.8 million 22% Wealth Management $9.5 million 26% Interchange Fee Income $10.1 million 28% Other Operating Income $5.5 million 15% Total Non-Interest Income $36.0 million $59,462 $59,133 $60,261 $54,691 $66,620 $31,573
Slide 16: Non-Interest Expense and Efficiency Ratio
Non- Interest Expense 16 $124,007 $154,191 $144,497 $139,777 $194,953 $95,438 $102,750 54.4% 56.6% 55.1% 54.9% 50.5% 52.1% 49.3% 12/31/21 12/31/22* 12/31/23 12/31/24** 12/31/25** 06/30/25 YTD 06/30/26 YTD Efficiency Ratio *2022 was impacted by acquisition-related expenses for the CUB transaction tha
Slide 17: Net Income & Earnings Per Share
Net Income & Earnings Per Share 17 $84,137 $81,825 $85,888 $83,839 $129,684 $59,345 $71,324 $3.17 $2.78 $2.91 $2.83 $3.52 $1.64 $1.90 12/31/21 12/31/22* 12/31/23 12/31/24** 12/31/25** 06/30/25 YTD** 06/30/26 YTD Earnings Per Share *2022 was impacted by acquisition-related expenses and the Day 2 prov
Slide 18: Strong Earnings Per Share Growth
Strong Earnings Per Share Growth 18 $1.07 $1.27 $1.32 $1.43 $1.51 $1.57 $1.77 $1.99 $2.29 $2.34 $3.17 $2.78 $2.91 $2.83 $3.52 2011* 2012* 2013* 2014* 2015* 2016* 2017 2018 2019 2020 2021 2022** 2023 2024*** 2025*** As of 12/31 for years shown *Earnings Per Share adjusted for 3- for-2 s tock split co
Slide 19: Strong Dividend History
Strong Dividend History 19 $0.40 $0.43 $0.45 $0.48 $0.52 $0.60 $0.68 $0.76 $0.84 $0.92 $1.00 $1.08 $1.16 $1.24 2013* 2014* 2015* 2016* 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Proforma *Dividends per share adjusted for 3-for-2 stock split completed in 2017. Cash Dividend Growth As of 12/31
Slide 20: Strong Stock Performance History
Strong Stock Performance History 20
Slide 21: Why Invest in GABC?
Why Invest in GABC? 21 Diversified Footprint of Rural, Suburban, and Urban Markets Providing a Strong Deposit Franchise Base Along with Significant Organic Growth Opportunities Existing Platform for Continuous Improvement and Operating Efficiency Infrastructure in Place for Perpetuating Ongoing EPS
Slide 22: Use of Non-GAAP Financial Measures
USE OF NON-GAAP FINANCIAL MEASURES The accounting and reporting policies of German American Bancorp, Inc. (the “Company”) conform to U.S. generally accepted accounting principles (“GAAP”) and general practices within the banking industry. As a supplement to GAAP, the Company has provided certain, no
Slide 23: Non-GAAP Reconciliation – Net Income and Earnings Per Share
USE OF NON - GAAP FINANCIAL MEASURES 23 Non-GAAP Reconciliation – Net Income and Earnings Per Share Year Ended Three Months Ended Six Months Ended (Dollars in Thousands, except per share amounts) 12/31/2024 12/31/2025 6/30/2025 6/30/2026 6/30/2025 6/30/2026 Net Income, as reported $ 83,811 $ 112,635
Slide 24: Non-GAAP Reconciliation – Efficiency Ratio
USE OF NON - GAAP FINANCIAL MEASURES 24 Non-GAAP Reconciliation – Efficiency Ratio Year Ended Three Months Ended Six Months Ended (Dollars in Thousands) 12/31/2024 12/31/2025 6/30/2025 6/30/2026 6/30/2025 6/30/2026 Adjusted Non-Interest Expense from above $ 139,777 $ 194,953 $ 48,588 $ 50,382 $ 95,4
Slide 25: Non-GAAP Reconciliation – Return on Average Assets and Tangible Common Equity
USE OF NON - GAAP FINANCIAL MEASURES 25 Non-GAAP Reconciliation – Return on Average Assets Year Ended Three Months Ended Six Months Ended (Dollars in Thousands) 12/31/2024 12/31/2025 6/30/2025 6/30/2026 6/30/2025 6/30/2026 Adjusted Net Income from above $ 83,839 $ 129,684 $ 32,058 $ 38,172 $ 59,345
Slide 26: German American Bancorp, Inc.
German American Bancorp, Inc.
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