GERMAN AMERICAN BANCORP Business Summary

German American Bancorp, Inc. (GABC) operates as a regional financial services holding company, generating the majority of its revenue through net interest income derived from a spread between interest earned on its diverse loan portfolio and interest paid on customer deposits. The company’s operations are primarily organized into two core segments: Core Banking, which provides retail and commercial banking services across Indiana, Kentucky, and Ohio, and Wealth Management, which offers trust, investment advisory, and brokerage services. Following the 2025 merger with Heartland BancCorp, GABC significantly expanded its footprint into the Columbus and Greater Cincinnati markets, further diversifying its low-cost deposit base. The company competes directly with regional peers such as First Busey Corporation (BUSE), First Financial Bancorp (FFBC), First Merchants Corporation (FRME), and First Mid Bancshares (FMBH), distinguishing itself through a high-touch community banking model that earned it the #2 national ranking on Forbes’ 2025 America’s Best Banks list. Originally founded in 1910 in Jasper, Indiana, by William F. Beckman and a group of 57 local civic leaders, the company is currently led by Chairman and CEO D. Neil Dauby, a Certified Public Accountant who joined the firm in 2001 and previously served as Chief Commercial Banking Officer. The executive team includes President and CFO Bradley M. Rust, who brings over 30 years of industry experience, and Clay M. Barrett, who serves as Executive Vice President and Chief Digital & Information Officer, overseeing the firm’s technological transformation. Other key leaders include Chief Banking Officer Michael F. Beckwith and Chief Administrative Officer Amy D. Jackson. The company maintains a conventional ownership structure with approximately 51% institutional backing from major firms like BlackRock and Vanguard, while the Board of Directors, led by Independent Director Zachary W. Bawel, retains a significant 6% insider stake, aligning leadership with long-term shareholder value.