German American Bancorp, Inc. · NASDAQ:GABC

German American Bancorp — Raymond James Small-Cap Bank Day 2025

26 slides from German American Bancorp's conference presentation, Jun 24, 2025

  1. Slide 1: German American at Raymond James Small-Cap Bank Day

    Symbol: GABC June 24, 2025 Raymond James Small - Cap Bank Day German American 1 ]‚¨ÈØ ›¼›ãØȯ Õ؛ܛÂã‚ã¯ÈÂ

  2. Slide 2: Contact information

    V؛ܛÂ㛕ö 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

  3. 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 “

  4. Slide 4: Community-focused Financial Services Organization in Indiana, Kentucky & Ohio

    Indiana, Kentucky & Ohio Community - focused Financial Services Organization w­Èw›Ø› 4 $8.4 Billion Total Banking Assets $3.6 Billion Investment & Trust Assets Under Management ~1100 Team Members 94 Banking Offices in Indiana, Kentucky & Ohio

  5. Slide 5: Strategic priorities

    ▪ 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 ▪ Grow non - interest revenue ▪ Excel at both organic and targeted M&A growth ▪

  6. Slide 6: Recognition and track record

    .¯ÜãÈØöȨ]ç՛دÈØ(¯Â‚¯‚¼V›Ø¨ÈØÁ‚› 6 Bank Director Magazine - Top 20 of 300 Largest Publicly Traded Banks for 2017 & 2018 Newsweek Best Banks in America (Indiana) 2020, 2021 & 2024 2022 S&P Global Top 20 Best Performing Banks between $3 and $10 Billion 2023 S&P Global Top 30 Best Performing Bank

  7. Slide 7: Financial Trends

    FINANCIAL TRENDS

  8. Slide 8: Total Assets and Return on Average Assets

    dÈゼÜÜ›ãÜ 8 $4,978 $5,609 $6,156 $6,152 $6,296 $8,420 1.32% 1.57% 1.26% 1.43% 1.34% 1.43% 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 03/31/25 (dollars in millions, except per share amount) Return on Average Assets * 2022 was impacted by acquisition - related expenses and the Day 1 provision for c

  9. Slide 9: Total Loans and Line of Credit Utilization

    =È‚ÂVÈØã¨È¼¯ÈdØ›Â•Ü 9 58.50% 56.62% 52.07% 56.26% 61.23% 48.09% 31.70% 31.35% 31.86% 31.49% 33.37% 34.35% 43.83% 40.74% 40.04% 39.71% 40.80% 39.80% 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 3/31/2025 Line of Credit Utilization Trend Ag - Line Utilization Commercial - Line Utilization Eq

  10. Slide 10: Loan Portfolio Composition & Diversification

    ¯ó›Øܯ¨¯›•=È‚ÂVÈØã¨È¼¯È 10 Construction & Development Loans $ 402.9 million 7% Agricultural Loans $ 468.2 million 8% Commercial & Industrial Loans $ 801.6 million 14% Commerical Real Estate Owner Occupied $ 774.7 million 14% Commercial Real Estate Non - Owner Occupied $ 1,441.2 million 26% Multi - F

  11. Slide 11: Non-Performing Assets to Total Assets vs Peer Group

    CÈ ʣ V›Ø¨ÈØÁ¯Â©ÜÜ›ãÜãÈdÈゼÜÜ›ãÜ 11 0.44% 0.26% 0.23% 0.15% 0.18% 0.22% 0.52% 0.34% 0.29% 0.37% 0.49% 0.49% 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 03/31/25 GABC Peer Group * Peer Group (St. Louis Federal Reserve District BHC with Total Assets between $3 and $10 billion) Data. *

  12. Slide 12: Total Deposits

    dÈゼ›ÕÈܯãÜ 12 $4,107 $4,744 $5,350 $5,253 $5,329 $7,098 88% 93% 92% 85% 83% 80% 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 03/31/25 Non-Maturity Deposit Accounts as % of Total Deposits (dollars in millions)

  13. Slide 13: Total Deposit Composition

    Commercial $2,442 million 34% Public Fund $1,263 million 18% Retail $3,393 million 48% 13 dÈゼ›ÕÈܯãÈÁÕÈܯã¯È‚ÜȨɶɹʘɹɷʘɸɶɸɻ Total Deposits $7,098 million 24% of Total Deposits are Uninsured and Uncollateralized as of 3/31/2025. Average Deposit Account Size equals $27,553. Non - Interest Bearing De

  14. Slide 14: Total Shareholders' Equity

    dÈゼ]­‚Ø›­È¼•›ØÜʖ×ç¯ãö 14 $625 $668 $558 $664 $715 $1,046 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 03/31/25 (dollars in millions) *Reflects certain adjustments. Refer to "Use of Non - GAAP Financial Measures" for additional information, including a reconciliation to the comparable GAAP financia

  15. Slide 15: Regulatory Capital Ratios

    Y›©ç¼‚ãÈØö‚կゼ=›ó›¼Ü 15 15.01% 13.26% 12.73% 11.80% 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 Avera

  16. Slide 16: Net Interest Income and Net Interest Margin

    C›ã0Âã›Ø›Üã0ÈÁ› 16 $155,243 $160,830 $200,584 $190,433 $190,591 $44,994 $66,572 3.63% 3.31% 3.45% 3.58% 3.43% 3.35% 3.96% 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 03/31/24 03/31/25 Net Interest Margin (Tax-Equivalent) (dollars in thousands)

  17. Slide 17: Non-Interest Income

    CÈ ʣ 0Âã›Ø›Üã0ÈÁ› 17 ÜȨB‚ؐ­ʍɹɷɸɶɸɻ $54,474 $59,462 $59,133 $60,261 $62,660 $15,822 $14,840 26% 27% 23% 24% 25% 26% 18% 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 03/31/24 03/31/25 Non-Interest Income as % of Total Revenue (dollars in thousands) Net Gains on Sales of Loans $0.8 million 5% Serv

  18. Slide 18: Non-Interest Expense and Efficiency Ratio

    CÈ ʣ 0Âã›Ø›ÜãõÕ›ÂÜ› 18 $117,123 $124,007 $154,191 $144,497 $146,377 $36,738 $46,850 54.3% 54.4% 56.6% 55.1% 49.2% 57.9% 54.1% 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 03/31/24 03/31/25 Efficiency Ratio * 2022 was impacted by acquisition - related expenses for the CUB transaction that closed on

  19. Slide 19: Net Income and Earnings Per Share

    C›ã0ÈÁ›ˬ‚د©ÜV›Ø]­‚Ø› 19 $62,210 $84,137 $81,825 $85,888 $83,811 $19,022 $27,287 $2.34 $3.17 $2.78 $2.91 $2.83 $0.64 $0.79 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 03/31/24 03/31/25 Earnings Per Share * 2022 was impacted by acquisition - related expenses and the Day 1 provision for credit lo

  20. Slide 20: GABC Earnings Per Share Growth

    w­ö0Âó›Üã¯Â*ʓ 20 $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 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 As of 12/31 for years shown * Earnings Per Share adjusted for 3 - for - 2 stock split completed in 2017 ** 2022 was impacted by a

  21. Slide 21: Cash Dividend Growth

    w­ö0Âó›Üã¯Â*ʓ 21 $0.40 $0.43 $0.45 $0.48 $0.52 $0.60 $0.68 $0.76 $0.84 $0.92 $1.00 $1.08 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 *Dividends per share adjusted for 3 - for - 2 stock split completed in 2017 As of 12/31 for years shown * * * * Cash Dividend Growth

  22. Slide 22: Investment highlights

    w­ö0Âó›Üã¯Â*ʓ 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 Growth

  23. 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 cert

  24. 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) 3/31/2025 Net Income, as reported $ 10,517 Adjustments: Plus: CECL Day 1 non-PCD provision 12,150 Plus: Non-recurring merger-related expenses 4,620 Net Income, as adjusted $ 27,287 Avera

  25. Slide 25: Use of Non-GAAP Financial Measures

    USE OF NON - GAAP FINANCIAL MEASURES 25 (Dollars in Thousands) 3/31/2025 Non-Interest Expense $ 52,782 Less: Non-recurring merger-related expenses 5,932 Non-Interest Expense, as adjusted for merger-related expenses $ 46,850 Less: Intangible Amortization 2,070 Non-Interest Expense, as adjusted $ 44,7

  26. Slide 26: 26

    26

German American Bancorp — Raymond James Small-Cap Bank Day 2025 on 6ix