German American Bancorp, Inc. · NASDAQ:GABC
German American Bancorp — Hovde Financial Services Conference 2025
27 slides from German American Bancorp's conference presentation, Nov 5, 2025
Slide 1: Hovde Financial Services Conference
Symbol: GABC November 6, 2025 Hovde Financial Services Conference German American 1 Scan for electronic presentation
Slide 2: Presented By
Presented By D. Neil Dauby, Chairman and Chief Executive Officer (812) 482-0707 neil.dauby@germanamerican.com Bradley M. Rust, President and CFO (812) 482-0718 brad.rust@germanamerican.com 2
Slide 3: 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 4: Who We Are
Indiana, Kentucky & Ohio Community-focused Financial Services Organization Who We Are 4 $8.4 Billion Total Banking Assets $4.0 Billion Investment & Trust Assets Under Management ~1050 Team Members 94 Banking Offices in Indiana, Kentucky & Ohio
Slide 5: Our Strategic Position
Out-perform and “out-local” competitors Build long-term, multi-line client relationships based on trust and customer service excellence Deliver the right balance of high touch/high tech customer experience Leverage our diverse, low-cost deposit base for growth and liquidity Grow non-intere
Slide 6: History of Superior Financial Performance
History of Superior Financial Performance 6 Bank Director Magazine - Top 20 of 300 Largest Publicly Traded Banks for 2017-2018 & 2025 Newsweek Best Banks in America (Indiana) 2020, 2021 & 2024 2022 S&P Global Top 20 Best Performing Banks between $3 and $10 Billion S&P Global 2023 Top 30 and 2024 Top
Slide 7: Financial Trends
FINANCIAL TRENDS 7
Slide 8: Total Assets
Total Assets (dollars in millions, except per share amount) <M Return on Average Assets $8,401 $6,156 $6,152 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 09/30/25 **Reflects certain adjustments. Refer to "Use of Non- GAAP Financial Measures" for additional information, includinga reconciliation to t
Slide 9: Loan Portfolio Trends
Loan Portfolio Trends 9 58.50% 56.62% 52.07% 56.26% 61.23% 59.99% 43.83% 40.74% 40.04% 39.71% 40.80% 42.10% 31.70% 31.35% 31.86% 31.49% 33.37% 36.68% 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 9/30/2025 Line of Credit Utilization Trend Ag - Line Utilization HELOC - Line Utilization Comme
Slide 10: Diversified Loan Portfolio
Diversified Loan Portfolio 10
Slide 11: Non-Performing Assets to Total Assets
Non-Performing Assets to Total Assets 11 * Peer Group (St. Louis Federal Reserve District BHC with Total Assets between $3 and $10 billion) Data as of 6/30/25.
Slide 12: Total Deposits and Cost of Deposits
Total Deposits 12 Cost of Deposits Per Year 0.35%2020 0.11%2021 0.24%2022 1.10%2023 1.71%2024 9/30/2024 1.76% 12/31/2024 1.69% 3/31/2025 1.70% 6/30/2025 1.73% 9/30/2025 1.67% Cost of Deposits Per Quarter
Slide 13: Total Deposit Composition
13 Total Deposit Composition as of 09/30/2025 Total Deposits $7,015 million 25% of Total Deposits are Uninsured and Uncollateralized as of 9/30/2025. Average Deposit Account Size equals $30,727.
Slide 14: Total Shareholders' Equity
Total Shareholders' Equity 14 ** **Reflects certain adjustments. Refer to "Use of Non-GAAP Financial Measures" for additional information, including a reconciliation to the comparable GAAP financial measure.
Slide 15: Regulatory Capital Levels
Regulatory Capital Levels 15 15.07% 13.83% 13.30% 11.40% 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 16: Net Interest Income and Net Interest Margin
WYEEETL . YY : WY Net intareEt Income (dollars in thousands) Wie Net interest Margin (Tax-Equivalent) $215,452 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 09/30/25
Slide 17: Non-Interest Income
Non-Interest Income 17 As of September 30, 2025 **
Slide 18: Non-Interest Expense
S Non-Interest Expense (dollars in thousands) $154,191 $146,377 $144,497 $124,007 $117,123 12/31/20 12/31/21 12/31/22 * 12/31/23 12/31/24 9/30/2024 ** 09/30/25 ** * 2022 was impacted bya cquisition-related expenses for the CUB **Reflects certain adjustments. Refer to "Use of Non-GAAP Financial Measu
Slide 19: Net Income & Earnings Per Share
Net Income & Earnings Per Share 19
Slide 20: GABC Earnings Per Share Growth
MMMM q Wee nag Z, VM GABC Earnings PerShare Growth $3.17 $2.78 $2.91 $9.83 $2.29 $2.34 $151 $1.57 $1.27 $1.32 Shas | | | | ii 2011+ 2012% 2013* 2014+ 2015+ 2016* 2017 2018 2019 2020 2021 2022+ 2023 2024 As of 12/31 for years shown ** 2022 was impacted by acquisition-related expenses and the Day 2 pr
Slide 21: Cash Dividend Growth
LYE Why Invest in GABC? Cash Dividend Growth $1.08 $0.52 2013+ 2015 * 2016+ 2018 2019 2021 As of 12/31 for years shown “Dividends per share adjusted for 3-for-2 stock split completed in 2017 = German American Bancorp, Inc. a ULMMMhbda VLU M LZ LILLIA Llliiilillle
Slide 22: Why Invest in GABC?
Why Invest in GABC? 22 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 23: 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 24: Non-GAAP Reconciliation – Return on Average Assets
USE OF NON-GAAP FINANCIAL MEASURES 24 Non-GAAP Reconciliation – Return on Average Assets (Dollars in Thousands) 9/30/2024 9/30/2025 9/30/2024 9/30/2025 Net Income, as reported $ 21,048 $ 35,074 $ 60,600 $ 76,952 Adjustments: Plus: CECL Day 2 non-PCD provision - - - 12,150 Plus: Non-recurring merger-
Slide 25: Use of Non-GAAP Financial Measures
USE OF NON-GAAP FINANCIAL MEASURES 25
Slide 26: Use of Non-GAAP Financial Measures
USE OF NON-GAAP FINANCIAL MEASURES 26
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