German American Bancorp, Inc. · NASDAQ:GABC
German American Bancorp — Merger or Acquisition (June 2024)
6 slides from German American Bancorp's merger presentation, Jun 3, 2024
Slide 1: Sale of the Assets of German American Insurance
Investor Presentation German American Bancorp, Inc. (Nasdaq: GABC) Sale of the Assets of German American Insurance June 3, 2024
Slide 2: Cautionary Note Regarding Forward-Looking Statements
When used in this presentation and our related 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 “forward-looking statements” within the meaning
Slide 3: GABC Announces Sale of the Assets of German American Insurance
GABC Announces Sale of the Assets of German American Insurance 3 • Effective June 1, 2024, GABC sold the assets of its wholly-owned subsidiary, German American Insurance (“GAI”), to Hilb Group, a privately-held insurance broker • All-cash transaction of $40 million in proceeds – ~4x 2023 insurance r
Slide 4: Strategic Rationale and Impact
Strategic Rationale and Impact 4 Achieves strong value for GABC’s shareholders while creating opportunities for the Bank, its customers and GAI employees Compelling price of $40 million (~4x 2023 revenues and ~24x 2023 net income) Capitalizes on favorable market valuations for insurance brokerag
Slide 5: Strengthens Capital Position
Strengthens Capital Position 5 Capital Ratios and Per Share Data 3/31/2024 Estimated Impact Pro Forma 3/31/2024 Tier 1 Capital (to Average Assets) 12.01% 0.46% 12.47% Common Equity Tier 1 (CET 1) Capital Ratio (to Risk Weighted Assets) 14.27% 0.59% 14.86% Tier 1 (Core) Capital Ratio (to Risk Weighte
Slide 6: Thank You
Thank You Thank you for your interest in German American Bancorp, Inc. (Nasdaq: GABC) Learn more at www.germanamerican.com
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