German American Bancorp, Inc. · NASDAQ:GABC
German American Bancorp — Shareholder Meeting (May 2021)
44 slides from German American Bancorp's shareholder meeting presentation, May 20, 2021
Slide 1: Mission-Driven: Welcome, 2021 Annual Meeting
Mission-Driven Welcome 2021 Annual Meeting = German American Bancorp, Inc.
Slide 2: Mark Schroeder Chairman & CEO
Mark Schroeder Chairman & CEO
Slide 3: Directors for Re-Election
Directors for Re-Election Marc Fine Jason Kelley Christina Ryan Tyson Wagler
Slide 4: Board of Directors
Zachary W. Bawel Marc D. Fine Jason M. Kelly U. Butch Klem J. David Lett Lee A. Mitchell Chris A. Ramsey M. Darren Root Christina M. Ryan O | =" > = 2S <> > Mark A. Schroeder Thomas W. Seger Jack W. Sheidler Raymond W. Snowden Tyson J. Wagler
Slide 5: Introductions
ee = Introductions
Slide 6: German American Bancorp, Inc.
= German American Bancorp, Inc.
Slide 7: Management Report
Management Report
Slide 8: Forward Looking Statement
Forward Looking Statement 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 ar
Slide 9: 2020 Year in Review
2020 YEAR IN REVIEW
Slide 10: Mission-Driven for Our Team
M is si o n -D ri ve n f o r O U R T E A M • Continued to provide competitive and flexible compensation and benefits • Provided extended leave coverage including various options that considered child care needs, teledoc visits, and health care needs • Offered additional well-being resources to emplo
Slide 11: Mission-Driven for Our Customers
M is si o n -D ri ve n f o r O U R C U S T O M E R S • Processed 3,070 Paycheck Protection Program (“PPP”) loans in the amount of $351 million — By the end of year, a total amount of $165 million of these PPP loans were forgiven • 37% increase in online banking and mobile banking log ins in2020 vs.
Slide 12: Mission-Driven for Our Communities
M is si o n -D ri ve n f o r O U R C O M M U N IT IE S • Donated $2.0 million back into our local communities in 2020 • Volunteered approximately 3,000 hours in local community activities • Donated approximately $60,000 to local schools participating in our School Spirit Check Card Program
Slide 13: Mission-Driven for Our Shareholders
M is si o n -D ri ve n f o r O U R S H A R E H O LD E R S • 8th consecutive year of increased dividends • 11th consecutive year of achieving record earnings • 16th consecutive year of double-digit return on equity
Slide 14: United in Our Values
U n it e d i n O u r V a lu e s Integrity ̶ German American’s reputation relies on integrity. Our team trusts each other in words and actions, which enables our customers to trust our brand. We value honesty, open communication, diverse perspectives, and high ethical principles. People ̶ People come
Slide 15: Management Succession
ee = Management Succession
Slide 16: Brad Rust, Senior Executive Vice President & CFO
Brad Rust Senior Executive Vice President & CFO
Slide 17: Financial Trends
FINANCIAL TRENDS
Slide 18: Net Income & Earnings Per Share
Net Income & Earnings Per Share $35,184 $40,676 $46,529 $59,222 $62,210 $1.57 $1.77 $1.99 $2.29 $2.34 $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 (Dollars in Thousands, Except Per Share Amounts) Earnings Per Share* *Earnings Per Share adjus
Slide 19: Total Assets and Return on Assets
$2,956 $3,144 $3,929 $4,398 $4,978 $5,220 1.24% 1.35% 1.38% 1.43% 1.32% 1.54% $- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 03/31/21 (Dollars in Millions) Total Assets Annualized Return on Assets
Slide 20: Total Loans, Net of Unearned Income
$1,990 $2,142 $2,728 $3,077 $3,088 $3,117 81% 81% 78% 80% 82% 82% $- $250 $500 $750 $1,000 $1,250 $1,500 $1,750 $2,000 $2,250 $2,500 $2,750 $3,000 $3,250 $3,500 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 03/31/21 (Dollars in Millions) Total Loans, Net of Unearned Income Commercial & Agricultural L
Slide 21: Loan Composition as of December 31, 2020
Loan Composition as of December 31, 2020 Total Loans $3,088.1 million Construction & Development Loans, $ 198.9 million, 6% Agricultural Loans, $ 385.4 million, 12% Commercial Real Estate Owner Occupied, $ 360.8 million, 12% Commercial Real Estate Non-Owner Occupied, $ 729.0 million, 24% Multi-Famil
Slide 22: Non-Performing Assets to Total Assets
0.14% 0.38% 0.34% 0.33% 0.44% 0.41% 0.76% 0.48% 0.45% 0.45% 0.52% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 03/31/21 Non-Performing Assets to Total Assets GABC Peer Group
Slide 23: Total Deposits
$2,350 $2,484 $3,073 $3,430 $4,107 $4,379 84% 84% 81% 82% 88% 90% $- $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 $5,000 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 03/31/21 (Dollars in Millions) Total Deposits Non-Maturity Deposit Accounts as % of Total Deposits
Slide 24: Deposit Composition as of December 31, 2020
Deposit Composition as of December 31, 2020 Non-Interest Bearing Demand, $1,183.4 million, 29% Interest Bearing Demand, Savings & Money Market, $2,428.6 million, 59% Time Deposits, $494.5 million, 12% Total Deposits $4,106.5 million Year Cost of Deposits Cost of Funds 2016 0.23% 0.32% 2017 0.30% 0.4
Slide 25: Shareholders' Equity and Return on Tangible Equity
$330 $365 $459 $574 $625 $617 13.02% 13.82% 14.82% 14.98% 13.46% 15.75% $- $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 $550 $600 $650 $700 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 03/31/21 (Dollars in Millions) Total Shareholders’ Equity Annualized Return on Tangible Equity
Slide 26: Net Interest Income and Net Interest Margin
$94,904 $99,909 $114,610 $145,225 $155,243 $36,256 $38,932 3.75% 3.76% 3.75% 3.92% 3.63% 3.74% 3.41% $- $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 Q1 '20 Q1 '21 (Dollars in Thousands) Net Interest Income Net Interest Marg
Slide 27: Provision for Credit Losses and Net Charge-offs
$1,200 $1,750 $2,070 $5,325 $17,550 $5,150 $(1,500) $(4,000) $(2,000) $- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 $16,000 $18,000 $20,000 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 Q1 '20 Q1 '21 (Dollars in Thousands) Provision for Credit Losses Net Charge-off to Average Loans 0.04% 0.0
Slide 28: Non-Interest Income
$32,013 $31,854 $37,070 $45,501 $54,474 $14,081 $15,037 25% 24% 24% 24% 26% 28% 28% $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 Q1 '20 Q1 '21 (Dollars in Thousands) Non-Interest Income Non-Interest Income as % of Total Revenue
Slide 29: Non-Interest Expense and Efficiency Ratio
$76,587 $77,803 $93,553 $114,162 $117,123 $30,328 $31,259 58.3% 56.8% 60.6% 59.0% 55.0% 59.4% 56.8% $- $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 Q1 '20 Q1 '21 (Dollars in Thousands) Non-Interest Expense Efficiency Ratio
Slide 30: Net Income & Earnings Per Share
$35,184 $40,676 $46,529 $59,222 $62,210 $12,472 $19,557 $1.57 $1.77 $1.99 $2.29 $2.34 $0.47 $0.74 $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 Q1 '20 Q1' 21 (Dollars in Thousands, Except Per Share Amounts) Net Income & Earnings Per Share Ear
Slide 31: Neil Dauby, President & COO
Neil Dauby President & COO == German American Bancorp, Inc. OT pe
Slide 32: 2021 and Beyond: Mission-Driven for the Future
2021 AND BEYOND M is si o n -D ri ve n f o r T H E F U T U R E
Slide 33: Digital Transformation
D ig it a l Tr a n sf o rm a ti o n
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Slide 35: Data and Analytics
Data and Analytics | i :
Slide 36: Payments
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Slide 37: Mission-Driven
Mission-Driven = German American Bancorp, Inc.
Slide 38: Questions & Answers
ee = Questions & Answers
Slide 39: Directors for Re-Election
Directors for Re-Election Marc Fine Jason Kelley Christina Ryan Tyson Wagler
Slide 40: German American Bancorp, Inc.
= German American Bancorp, Inc.
Slide 41: Slide 41
Slide 42: Thank You U. Butch Klem, Ray Snowden
Thank You U. Butch KlemRay Snowden
Slide 43: Thank You Clay Ewing
Thank You Clay Ewing
Slide 44: Slide 44
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