German American Bancorp, Inc. · NASDAQ:GABC
German American Bancorp — KBW Winter Financial Services Conference 2026
26 slides from German American Bancorp's conference presentation, Feb 10, 2026
Slide 1: KBW Winter Financial Services Conference – German American 4th Quarter 2025
KBW Winter Financial Services Conference February 12, 2026 Presented by: Brad Rust, President & CFO Brad.Rust@germanamerican.com Mike Beckwith, Chief Banking Officer Michael.Beckwith@germanamerican.com German American 4th Quarter 2025 1 Scan for electronic presentation GABC
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 $4.0 Billion Investment & Trust Assets Under Management ~1050 Team Members 94 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 $8,384 1.57% 1.26% 1.43% 1.34% 1.57% 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 (dollars in millions, except per share amount) Return on Average Assets ** **Reflects certain adjustments. Refer to "Use of Non- GAAP Financial Measures" for additional inform
Slide 7: Loan Portfolio Trends
Loan Portfolio Trends 7 $3,004 $3,785 $3,971 $4,125 $5,875 81% 81% 81% 80% 76% 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 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% 40.74% 40.04% 39.71% 40.80% 43.
Slide 8: Loan Portfolio Composition & Diversification
Floating 33% Fixed 27% 1 YR Adjustable 12% 3 YR + Adjustable 28% Rate Type Segmentation Construction & Development Loans $ 444.1 million 8% Agricultural Loans $ 494.1 million 8% Commercial & Industrial Loans $ 810.0 million 14% Commerical Real Estate Owner Occupied $ 795.9 million 14% Commercial Rea
Slide 9: Non-Performing Assets to Total Assets vs Peer Group
0.26% 0.23% 0.15% 0.18% 0.35% 0.34% 0.29% 0.37% 0.49% 0.53% 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 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 9/30/25.
Slide 10: Total Deposits and Cost of Deposits
Total Deposits 10 $4,744 $5,350 $5,253 $5,329 $6,990 93% 92% 85% 83% 82% 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 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 of Deposits Per Quart
Slide 11: Total Deposit Composition
Non-Interest Bearing Demand $1,945 million 28% Interest Bearing Demand, Savings & Money Market $3,755 million 54% Time Deposits > $100,000 $476 million 7% Time Deposits < $100,000 $814 million 11% Commercial $2,441 million 35% Public Fund $1,293 million 18% Retail $3,256 million 47% 11 Total Deposit
Slide 12: Return on Tangible Equity and Shareholders' Equity
19.79% Return on Tangible Equity 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 Total Shareholders' Equity 12 * *Reflects certain adjustments. Refer to "Use of Non-GAAP Financial Measures" for additional information, including a reconciliation to the comparable GAAP financial measure. $668 $558 $664 $
Slide 13: Regulatory Capital Levels
Regulatory Capital Levels 13 14.93% 14.04% 13.52% 11.54% 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 3.31% 3.45% 3.58% 3.43% 4.02% 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 Net Interest Margin (Tax-Equivalent) (dollars in thousands)
Slide 15: Non-Interest Income
Net Gains on Sales of Loans $4.5 million 7% Service Charges on Deposit Accounts $15.1 million 22% Wealth Management $16.8 million 25% Interchange Fee Income $19.6 million 29% Other Operating Income $11.3 million 17% Total Non-Interest Income $67.3 million $59,462 $59,133 $60,261 $54,691 $66,620 27%
Slide 16: Non-Interest Expense and Efficiency Ratio
Non-Interest Expense 16 $124,007 $154,191 $144,497 $139,777 $194,953 54.4% 56.6% 55.1% 54.9% 50.5% 12/31/21 12/31/22* 12/31/23 12/31/24** 12/31/25** Efficiency Ratio *2022 was impacted by acquisition-related expenses for the CUB transaction that closed on January 1, 2022 of $12,323. (dollars in thou
Slide 17: Net Income & Earnings Per Share
Net Income & Earnings Per Share 17 $84,137 $81,825 $85,888 $83,839 $129,684 $3.17 $2.78 $2.91 $2.83 $3.52 12/31/21 12/31/22* 12/31/23 12/31/24** 12/31/25** Earnings Per Share *2022 was impacted by acquisition-related expenses and the Day 2 provision for credit losses under the CECL model for the CUB
Slide 18: Why Invest in GABC? Earnings Per Share Growth
Why Invest in GABC? 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 completed in 2017.
Slide 19: Why Invest in GABC? Cash Dividend Growth
Why Invest in GABC? 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 2013* 2014* 2015* 2016* 2017 2018 2019 2020 2021 2022 2023 2024 2025 *Dividends per share adjusted for 3-for-2 stock split completed in 2017. Cash Dividend Growth As of 12/31 for years shown
Slide 20: Why Invest in GABC? Stock Price History
Why Invest in GABC? Stock Price 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: Use of Non-GAAP Financial Measures
USE OF NON-GAAP FINANCIAL MEASURES 23
Slide 24: Use of Non-GAAP Financial Measures
USE OF NON-GAAP FINANCIAL MEASURES 24
Slide 25: Use of Non-GAAP Financial Measures
USE OF NON-GAAP FINANCIAL MEASURES 25
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