GABC Investor Presentation 11-2-23

German American

Symbol: GABC November 2023

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Presented By

1. Neil Dauby, Chairman and Chief Executive Officer

1. 482-0707[email protected]

Bradley M. Rust, President and CFO

1. 482-0718[email protected]

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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 sim ilar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this presentation, and we do not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur in the future. By their nature, these statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those anticipated in the statements.

Factors that could cause actual results and performance to vary materially from those expressed or implied by any forward-looking statement include those that are discussed in Item 1, "Business - Forward Looking Statements and Associated Risk," and Item 1A, "Risk Factors," in our Annual Report on Form 10-K for 2022 as updated and supplemented by our other SEC reports filed from time to time.

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Who We Are

Indiana & Kentucky

Community-focused

Financial Services

Organization

• Banking, Insurance, Investments & Trust
• $6.0 Billion Total Banking Assets
• $2.8 Billion Investment and Trust Assets Under Management
• $74 Million Annual Insurance Premiums
• ~ 900 Team Members
• 76 Banking Offices

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History of Superior Financial Performance

• Eleven Consecutive Years of Increased Dividends
• Twelve of the Past Thirteen Years of Improved Earnings Performance
• Double-DigitRetuon Equity for 18 Consecutive Fiscal Years
• Raymond James 2012-2017and2019-2021Community Bankers Cup Recipient
• KBW/Stifel2010 thru 2022 Bank Honor Roll Recipient
• Piper Sandler Small Cap All-Star2012-2013and2019-2020
• Bank Director Magazine - Bank Performance Scorecard Top 15 National Ranking for 2016 - 2019 ($1 - $5 Billion Publicly-traded Companies)
• Bank Director Magazine - Top 20 of 300 Largest Publicly Traded Banks for 2017 & 2018
• Newsweek Best Banks in America (Indiana) 2020 & 2021
• 2022 S&P Global Top 20 Best Performing Banks between $3 and $10 Billion
• Bank Director Magazine - 2023 Best US Banks Top 50 Publicly Traded Bank for $5 - $50 Billion

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FINANCIAL TRENDS

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Total Assets

(dollars in millions, except per share amount)

Retuon Average Assets

$7,000

• 2022 was impacted by acquisition-related expenses and the Day 1 provision for credit losses under the CECL model for the CUB transaction that closed on January 1, 2022 of $18.623 million ($14.097 million or $0.48 per share on an after tax basis).

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Loan Portfolio Composition as of September 30, 2023

Total Loans $ 3,887.6 million

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Non-Performing Assets to Total Assets

2.50%

2.00%

1.50%

1.00%

*Peer Group (St. Louis Federal Reserve District BHC with Total Assets between $3 and $10 billion) Data as of 6/30/23

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