German American Bancorp, Inc. · NASDAQ:GABC
German American Bancorp — Hovde Group Financial Services Conference 2026
38 slides from German American Bancorp's conference presentation, Nov 4, 2026
Slide 1: GABC 3rd Quarter 2026 Hovde Group Financial Services Conference
Neil Dauby, Chairman & CEO [email protected] Brad Rust, President & CFO [email protected] Scan for electronic presentation GABC 3rd Quarter 2026 Hovde Group Financial Services Conference November 5, 2026 1
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: Company Overview
Company Overview 5th Largest Bank Headquartered in Indiana • Founded in 1910 • Headquartered in Jasper, IN • Publicly Traded on NASDAQ under GABC • $8.4 Billion in Assets • $4.4 Billion in Wealth Management Assets Under Management • 93 Offices in Indiana, Kentucky and Ohio serving Rural, Suburban an
Slide 4: Located in Growing Markets: German American Footprint
Located in Growing Markets 4 German American Footprint
Slide 5: Why Invest in GABC?
Why Invest in GABC? 5 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 G
Slide 6: Proven Acquirer
Proven Acquirer MainSource Branch Citizens First Heartland Acquisition Corporation BancCorp Completed on Completed on Completed on 5/18/2018 7/1/2019 2/1/2025 | | | . ‘a Vi O + i?) River Valley First Citizens Union Bancorp Security, Inc. Bancorp of Completed on Completed on Shelbyville 3/1/2016 10/1
Slide 7: Strong Earnings Per Share Growth
Strong Earnings Per Share Growth 7
Slide 8: Strong Dividend History
Strong Dividend History 8 Fourteen Consecutive Years of Increased Dividends
Slide 9: Strong Stock Performance History
Strong Stock Performance History 9
Slide 10: Corporate Strategy
Corporate Strategy German American Bank strives to be a high-performing, top decile community bank, that is a trusted partner to our employees, clients, and communities we serve. We balance our strong deposit franchise markets with high-growth potential markets and focus on expanding our Banking and
Slide 11: Executive Leadership Team
Executive Leadership Team D. Neil Dauby Chairman & Chief Executive Officer Mr. Dauby serves as Chairman and CEO of German American. He holds a certified public accountant designation and joined German American following a 15-year career in public accounting. He has held Executive and Regional Office
Slide 12: Senior Leadership Team
Senior Leadership Team 12 Brett Gagnon SVP, Chief Digital Information Officer Mr. Gagnon joined the Bank in 2026 as Senior Vice President, Chief Digital and Information Officer. He brings extensive experience in digital banking solutions, business enablement tool launches and integrations, M&A, AI a
Slide 13: Period End Loan Trends
Period End Loan Trends 13 Weighted Average Loan Rate Per Year 3.94%2021 5.10%2022 5.68%2023 5.86%2024 5.96%2025 Weighted Average Loan Rate Per Quarter 6.06%Q3 2025 5.96%Q4 2025 6.01%Q1 2026 6.06%Q2 2026 6.18%Q3 2026
Slide 14: Diversified Loan Portfolio
Floating 34% Fixed 26% 1 YR Adjustable 10% 3 YR + Adjustable 30% Rate Type Segmentation Diversified Loan Portfolio 14 25%$1.531BGreater Columbus & Cincinnati, OH Markets 21%$1.228BGreater Louisville, KY Market 20%$1.190BGreater South Indianapolis, IN Market 15%$913MGreater Evansville, IN Market 13%$
Slide 15: Strong Credit Culture
Net Charge offs/Average Loans 0.11% 0.06% 0.08% 0.05% 0.05% 0.06% 0.05% 0.09% 0.13% 0.16% 2021 2022 2023 2024 2025 0.26% 0.23% 0.15% 0.18% 0.35% 0.34% 0.29% 0.37% 0.49% 0.56% 2021 2022 2023 2024 2025 Nonperforming Assets/Assets Reserve/Gross Loans 1.23% 1.17% 1.10% 1.08% 1.32%1.26% 1.18% 1.18% 1.19%
Slide 16: Diversified, Low-cost Deposit Franchise
Diversified, Low-cost Deposit Franchise 16 Period End Total Deposits Trend Cost of Deposits Per Year 0.11%2021 0.24%2022 1.10%2023 1.71%2024 1.66%2025 Cost of Deposits Per Quarter 1.67%09/30/2025 1.56%12/31/2025 1.45%03/31/2026 1.43%06/30/2026 1.43%09/30/2026 24%$1.662BGreater Jasper, IN Market 20%$
Slide 17: Diversified, Low-cost Deposit Franchise: Deposit Mix
Commercial $2,500 million 36% Public Fund $1,309 million 19% Retail $3,128 million 45% Total Deposits as of 09/30/26: $6,937 million 17 26% of Total Deposits are Uninsured and Uncollateralized as of 09/30/2026. Diversified, Low-cost Deposit Franchise
Slide 18: Net Interest Income
12/31/21 Net Interest Income (dollars in thousands) Mie Net Interest Margin (Tax-Equivalent) 12/31/22 12/31/23 12/31/24 12/31/25 09/30/25 YTD 09/30/26 YTD 18
Slide 19: Maintaining Neutral Rate Risk Position
Maintaining Neutral Rate Risk Position • Neutral balance sheet position provides NII stability • $2.4 billion of loans expected to reprice over next 12 months – $0.7 billion in term loans, weighted rate of 5.41% – $1.7 billion in floating rate loans, weighted rate of 6.61% • $1.0 billion of time dep
Slide 20: Diversified Non-Interest Revenue
Diversified Non-Interest Revenue 20 As of December 31, 2025 YTD as of September 30, 2026
Slide 21: Wealth Management Organic Growth
$1.50 $1.54 $2.05 $2.39 $2.69 $3.00 $0.84 $0.80 $0.92 $1.01 $1.31 $1.41 $2.34 $2.34 $2.97 $3.40 $4.00 $4.41 $- $1 $2 $3 $4 $5 $6 2021 2022 2023 2024 2025 9/30/2026 Bi lli on Assets Under Management WAG AUM ($B) GAIS AUM ($B) Wealth Management Organic Growth 21 • Our planning-centric, advice-based ap
Slide 22: Strong Operating Efficiency with Well-managed and Controlled Expenses
Strong Operating Efficiency with Well-managed and Controlled Expenses 22 *Reflects certain adjustments. Refer to "Use of Non-GAAP Financial Measures" for additional information, including a reconciliation to the comparable GAAP financial measure. $124,007 $154,191 $144,497 $139,777 $194,953 $145,003
Slide 23: Strong Capital Position
Strong Capital Position 23 Bank Regulatory Well- Capitalized Guidelines Double-Digit Return on Equity for 21 Consecutive Fiscal Years 8.0% 11.8% 14.3% 15.0% 16.5% 8.7% 12.3% 15.0% 15.7% 17.2% 9.4% 11.5% 13.5% 14.0% 14.9% 9.4% 12.7% 14.3% 14.8% 15.7% TCE Ratio Leverage Ratio CET1 Ratio Total Tier 1 R
Slide 24: Tangible Book Value Per Share & ROATCE
*Reflects certain adjustments. Refer to "Use of Non-GAAP Financial Measures" for additional information, including a reconciliation to the comparable GAAP financial measure. $20.37 $12.50 $16.12 $17.93 $20.08 $20.01 16.38% 19.51% 21.69% 16.73% 19.79% 18.61% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% $-
Slide 25: 3rd Quarter 2026 Financial Review
3rd Quarter 2026 Financial Review 25
Slide 26: Q3 '26 Financial Results
26 • Record Quarterly earnings of $1.03 per share • Record Quarterly return on average assets of 1.83% • Strong Return of Average Tangible Common Equity* (“ROATCE”) of 19.29% • Robust net interest margin of 4.42%; Core* of 4.26% • Linked quarter net interest income increase of $2.3 million, or appro
Slide 27: Balance Sheet
Balance Sheet 4,383 4,471 4,444 4,521 4,557 793 775 768 761 758 603 629 637 650 674 $5,779 $5,875 $5,849 $5,932 $5,989 6.45% 6.44% 6.39% 6.41% 6.50% 5.00% 5.20% 5.40% 5.60% 5.80% 6.00% 6.20% 6.40% - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 3Q25 4Q25 1Q26 2Q26 3Q26 Th ou sa nd s 1,939 1,
Slide 28: Net Interest Income
Net Interest Income Linked quarter (3Q26 vs. 2Q26) Net interest income up $2.3 million • Interest income increased $2.7 million – Additional day in Q3 vs. Q2 – Higher average loan balances – Average earning asset yield up 13bp to 5.84% • Loan yield up 9bps to 6.50% • T/E Investment yield up 9bps • I
Slide 29: Non-Interest Income
Non-Interest Income 5,087 5,033 4,776 5,328 5,306 4,288 4,519 4,509 5,010 5,007 3,927 3,956 3,826 3,988 4,280 1,189 1,109 1,483 1,549 1,359 3,938 2,693 2,632 2,871 2,747 $18,429 $17,310 $17,226 $18,746 $18,699 3Q25 4Q25 1Q26 2Q26 3Q26 Interchange Wealth Management Dep. Service Charges Other Income G
Slide 30: Non-Interest Expense
Non-Interest Expense 25,444 27,620 28,312 27,142 28,169 5,255 4,965 5,336 5,178 5,557 4,175 3,823 4,268 4,358 4,495 1,960 2,162 1,991 2,144 2,209 12,866 11,380 12,461 11,560 12,678 $49,700 $49,950 $52,368 $50,382 $53,108 3Q25 4Q25 1Q26 2Q26 3Q26 Occupancy Linked quarter (3Q26 vs. 2Q26) • Noninterest
Slide 31: Asset Quality
Net Charge offs/Average Loans 0.05% 0.04% 0.08% 0.05% 0.04% 3Q25 4Q25 1Q26 2Q26 3Q26 0.28% 0.35% 0.35% 0.32% 0.29% 3Q25 4Q25 1Q26 2Q26 3Q26 Nonperforming Assets/Assets Reserve/Gross Loans 1.32% 1.32% 1.34% 1.34% 1.32% 1.00% 1.10% 1.20% 1.30% 1.40% 1.50% 3Q25 4Q25 1Q26 2Q26 3Q26 Nonperforming Loans/T
Slide 32: Supplemental Information
Supplemental Information 32
Slide 33: 3rd Quarter 2026 Earnings
3rd Quarter 2026 Earnings $ in thousands, except per share data 3Q26 2Q26 3Q25 2Q26 3Q25 Net interest income 83,518$ 81,208$ 75,725$ 2,310$ 7,793$ Noninterest income 18,699 18,746 18,429 (47) 270 Total revenue 102,217 99,954 94,154 2,263 8,063 Provision for credit losses 500 1,500 700 (1,000) (200)
Slide 34: 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 non
Slide 35: Non-GAAP Reconciliation – Net Income and Earnings Per Share
USE OF NON-GAAP FINANCIAL MEASURES 35 Nine Months EndedThree Months EndedYear EndedNon-GAAP Reconciliation – Net Income and Earnings Per Share 9/30/20269/30/20259/30/20269/30/202512/31/202512/31/2024(Dollars in Thousands, except per share amounts) $ 109,961 $ 76,952 $ 38,637 $ 35,074 $ 112,635 $ 83,
Slide 36: Non-GAAP Reconciliation – Efficiency Ratio
USE OF NON-GAAP FINANCIAL MEASURES 36 Nine Months EndedThree Months EndedYear EndedNon-GAAP Reconciliation – Efficiency Ratio 9/30/20269/30/20259/30/20269/30/202512/31/202512/31/2024(Dollars in Thousands) $ 155,858 $ 145,003 $ 53,108 $ 49,565 $ 194,953 $ 139,777 Adjusted Non-Interest Expense from ab
Slide 37: Non-GAAP Reconciliation – Return on Average Equity and TCE Ratio
USE OF NON-GAAP FINANCIAL MEASURES 37 Nine Months EndedThree Months EndedYear EndedNon-GAAP Reconciliation – Return on Average Equity 9/30/20269/30/20259/30/20269/30/202512/31/202512/31/2024(Dollars in Thousands) $ 109,961 $ 93,789 $ 38,637 $ 34,444 $ 129,684 $ 83,839 Adjusted Net Income from above
Slide 38: German American Bancorp, Inc.
German American Bancorp, Inc.
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