8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

______________________

Date of Report (Date of earliest event reported): February 3, 2021

GERMAN AMERICAN BANCORP, INC.

(Exact name of registrant as specified in its charter)

Indiana

(State or other jurisdiction of incorporation)

001-15877		35-1547518
(Commission File Number)		(IRS Employer Identification No.)
711 Main Street
Jasper,	Indiana	47546
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (812) 482-1314

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[☐]     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[☐]     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[☐]     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[☐]     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).

Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act [☐]

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, no par value	GABC	Nasdaq Global Select Market

Item 7.01. Regulation FD Disclosure.

Mark A. Schroeder, Chairman and Chief Executive Officer, D. Neil Dauby, President and Chief Operating Officer, and Bradley M. Rust, Senior Executive Vice President and Chief Financial Officer, of German American Bancorp, Inc. will participate in the Janney CEO Forum being held virtually on February 3 – 4, 2021, by hosting a series of meetings with investors during the conference.

Attached as Exhibit 99.1 is the information that will be provided to meeting participants. Such information is incorporated herein by reference.

The information in this Item 7.01, including the information incorporated herein from Exhibit 99.1, is furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d)	Exhibits
	Exhibit No.	Description
	99.1	German American Bancorp, Inc. Presentation dated February 3 - 4, 2021
	104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

* * * * * *

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	GERMAN AMERICAN BANCORP, INC.
Date: February 3, 2021	By:	/s/ Mark A. Schroeder
		Mark A. Schroeder, Chairman and Chief Executive Officer

EX-99.1

German American Symbol: GABC February 3 & 4, 2021 Janney CEO Forum

Mark A. Schroeder, Chairman and CEO (812) 482-0701 mark.schroeder@germanamerican.com D. Neil Dauby, President and Chief Operating Officer (812) 482-0707 neil.dauby@germanamerican.com Bradley M. Rust, Senior Executive Vice President and CFO (812) 482-0718 brad.rust@germanamerican.com Presented By 2

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 “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 2019 as updated and supplemented by our other SEC reports filed from time to time. 3

• 73 Banking Offices • 800 Team Members Indiana & Kentucky Community-focused Financial Services Organization • Banking, Insurance, Investments & Trust • $74 Million Annual Insurance Premiums Who We Are • $5.0 Billion Total Banking Assets • $2.0 Billion Investment and Trust Assets Under Management 4

COVID-19 Credit Risk Management • Industry Segment Risk Profile • COVID-19 Related Loan Deferrals • Paycheck Protection Program 5

Industry Segment Number of Loans Outstanding Balance % Of Total Loans (excludes PPP Loans) % of Industry Segment Under Deferral Lodging/Hotels 48 $134,599 4.6% 33.8% Student Housing 102 $86,696 3.0% 0.0% Retail Shopping/Strip Centers 64 $91,456 3.1% 0.0% Restaurants 175 $46,891 1.6% 1.2% Industry Segment Profiles Affected by COVID-19 As of December 31, 2020 (Dollars in Thousands) 6

Types of Loans Number of Loans Outstanding Balance % of Loan Category (Excludes PPP Loans) Commercial & Industrial Loans 9 $4,311 As of 12.31.20 As of 9.30.20 0.8% 1.2% Commercial Real Estate Loans 15 $43,951 3.0% 5.7% Agricultural Loans - - 0.0% 0.0% Consumer Loans 9 $80 n/m n/m Residential Mortgage Loans 4 $218 0.1% 0.5% Total 37 $48,560 1.7% 3.1% COVID-19 Related Loan Deferrals As of December 31, 2020 (Dollars in Thousands) n/m = not meaningful 7

SBA Payroll Protection Plan As of December 31, 2020 • 3,070 SBA payroll protection plan loans • $351 million originated • $186 million outstanding • $12.0 million potential fees (net) • $4.1 million remaining deferred fees (net) 8

Diversified Economic Base Regional Education, Health Care Manufacturing & Logistics Life Sciences & Technology EnergyMAJOR INDIANA EMPLOYERS: Education Indiana University Indiana University Southeast University of Southern Indiana Vincennes University Greater Clark County School Corp Evansville Vanderburgh County School Corp Monroe County School Corporation New Albany – Floyd County School Corp Health Care Indiana University Health Baptist Health Floyd Hospital Columbus Regional Hospital Clark Memorial Hospital Deaconess Health System Good Samaritan Hospital King’s Daughters’ Hospital Margaret Mary Hospital and Health Memorial Hospital St Vincent’s Medical Center Manufacturing & Logistics Aisin U.S.A. MFG, Inc. ALCOA Warrick Operations Amazon Fulfillment Service Batesville Services Inc Berry Global Best Chairs Inc Costco Home & Office Products Cummins, Inc. (Cummins Diesel) Faurecia Gladstone Grote Industries Inc Hillenbrand Inc Honda Manufacturing LLC Jasper Engines & Transmissions Kimball Electronics Kimball International, Inc. Koch Enterprises, Inc. Lowe’s Distribution Center MasterBrand Cabinets, Inc. NTN Driveshaft Inc OFS Brands (Office-Furniture Systems) TMMI Walmart Distribution Center Waupaca Foundry Inc Valeo Sylvania LLC Life Sciences & Technology Baxter BioPharma Solutions Crane Naval Surface Weapons Center Cook Group, Inc. Mead Johnson Nutrition Samtec Energy Duke Energy Vectren 9

Diversified Economic Base Regional Education Health Care & Social Assistance Manufacturing & Logistics Retail & GovernmentMAJOR KENTUCKY EMPLOYERS: Education University of Kentucky Western Kentucky University Daviess County Public School System Fayette County Public Schools Warren County Public Schools Health Care & Social Assistance Owensboro Health Regional Hospital Commonwealth Health Corp Baptist Health Lexington Family Bluegrass Federal Medical Center Lexington Clinic Pfc St. Joseph East Emergency St. Joseph Hospital UK Advance Eye Care UK Albert B Chandler Hospital US Veterans Medical Ctr VA Medical Center- Leestown Manufacturing & Logistics Bowling Green Metal Forming Fruit of the Loom Ashland Oil Corporate Headquarters Lexmark International Inc General Motors Co UPS Customer Center Lockheed Martin Conduent, Inc. Retail Amazon Houchens Industries Government Lexington-Fayette Urban County 10

Capitalize upon Market Strength & Growth Indiana Small MSA Market Expansion Market Total Market Deposits GABC Deposit Market Share*** Market Share Position*** # of Branches Heritage Markets* $ 5,885,297 33% #1 30 Evansville/Newburgh $ 6,311,228 9% #3 8 Bloomington $ 2,898,211 11% #4 3 Columbus $ 1,484,318 12% #3 4 Louisville MSA (Indiana Portion)** $ 3,888,456 6% #7 5 Total Indiana Growth Markets $ 14,582,213 * Includes the Indiana counties of Daviess, Dubois, Gibson, Jefferson, Knox, Lawrence, Martin, Perry, Pike & Spencer ** Includes the Indiana counties of Clark & Floyd *** Source: FDIC 06/30/20 Statistics. 11

Capitalize upon Market Strength & Growth Kentucky Small MSA Market Expansion Market Total Market Deposits GABC Deposit Market Share* Market Share Position* # of Branches* Owensboro $ 2,970,664 5% #6 3 Bowling Green $ 2,959,761 9% #4 5 Lexington $ 9,430,592 .3% #24 2 Total Kentucky Growth Markets $ 15,361,017 Source: FDIC 06/30/20 Statistics 12

History of Superior Financial Performance Eleven Years of Consecutive Record Earnings Performance Double-Digit Return on Equity for Past 16 Consecutive Fiscal Years 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 13 Nine Years of Consecutive Cash Dividend Increases

Financial Trends 14

$2,956 $3,144 $3,929 $4,398 $4,978 1.24% 1.35% 1.38% 1.43% 1.32% $- $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 (Dollars in Millions) Total Assets Annualized Return on Assets 15

$1,990 $2,142 $2,728 $3,077 $3,088 81% 81% 78% 80% 82% $- $250 $500 $750 $1,000 $1,250 $1,500 $1,750 $2,000 $2,250 $2,500 $2,750 $3,000 $3,250 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 (Dollars in Millions) Total Loans, Net of Unearned Income Commercial & Agricultural Loans as % of Total Loans 16

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, $ 361.0 million, 12% Commercial Real Estate Non-Owner Occupied, $ 729.0 million, 24% Multi-Family Residential Properties, $ 221.5 million, 7% Commercial & Industrial Loans, $ 648.3 million, 21% Consumer Loans, $ 59.8 million, 2% Home Equity Loans, $ 220.3 million, 7% Residential Mortgage Loans, $ 264.1 million, 9% 17

0.14% 0.38% 0.34% 0.33% 0.44% 0.76% 0.63% 0.59% 0.56% 0.51%* 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 Non-Performing Assets to Total Assets GABC Peer Group *Peer Group Information as of 09/30/20 18

$2,350 $2,484 $3,073 $3,430 $4,107 84% 84% 81% 82% 88% $- $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 (Dollars in Millions) Total Deposits Non-Maturity Deposit Accounts as % of Total Deposits 19

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% Deposit Composition as of December 31, 2020 Total Deposits $4,106.5 million 20 Year Cost of Deposits Cost of Funds 2016 0.23% 0.32% 2017 0.30% 0.40% 2018 0.50% 0.61% 2019 0.72% 0.83% 2020 0.35% 0.44% Q4 2020 0.17% 0.26%

$330 $365 $459 $574 $625 13.02% 13.82% 14.82% 14.98% 13.46% $- $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 (Dollars in Millions) Total Shareholders’ Equity Annualized Return on Tangible Equity 21

$94,904 $99,909 $114,610 $145,225 $155,243 3.75% 3.76% 3.75% 3.92% 3.63% $- $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 (Dollars in Thousands) Net Interest Income Net Interest Margin (Tax-Equivalent) 22

$1,200 $1,750 $2,070 $5,325 $17,550 0.04% 0.04% 0.08% 0.17% 0.08% $- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000 $11,000 $12,000 $13,000 $14,000 $15,000 $16,000 $17,000 $18,000 $19,000 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 (Dollars in Thousands) Provision for Credit Losses Net Charge-off to Average Loans 23

$32,013 $31,854 $37,070 $45,501 $54,474 24% 23% 24% 24% 26% $- $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 (Dollars in Thousands) Non-Interest Income Non-Interest Income as % of Total Revenue 24

$76,587 $77,803 $93,553 $114,162 $117,123 58.3% 56.8% 60.6% 59.0% 55.0% $- $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 (Dollars in Thousands) Non-Interest Expense Efficiency Ratio 25

$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) Net Income & Earnings Per Share Earnings Per Share* *Earnings Per Share adjusted for 3-for-2 stock split completed in 2017 26

Why Invest in GABC? 27

$1.07 $1.27 $1.32 $1.43 $1.51 $1.57 $1.77 $1.99 $2.29 $2.34 GABC Earnings Per Share Growth * As of 12/31 for years shown *Earnings Per Share adjusted for 3-for-2 stock split completed in 2017 Why Invest in GABC? 28

$7.64 $8.62 $8.92 $10.40 $11.57 $11.94 $13.45 $13.81 $16.49 $18.63 GABC Tangible Book Value Per Share Why Invest in GABC? * As of 12/31 for years shown *Tangible Book Value Per Share adjusted for 3-for-2 stock split completed in 2017 29

$12.13 $14.48 $18.95 $20.35 $22.21 $35.07 $35.33 $27.77 $35.62 $33.09 GABC Stock Price Appreciation Why Invest in GABC? As of 12/31 for years shown * *Stock Price adjusted for 3-for-2 stock split completed in 2017 30

• Proven Executive Management Team • Track Record of Consistent Top Quartile Financial Performance • Experienced in Operating Plan Execution and M & A Transitions • Potential Growth within New Market Areas – Small MSA Focus • Existing Platform for Operating Efficiency • Infrastructure in Place for Perpetuating Ongoing EPS Growth • Consistent Strong Dividend Yield and Dividend Pay-out Capacity Why Invest in GABC? 31

German American Bancorp, Inc. 32 Mark A. Schroeder, Chairman and CEO (812) 482-0701 mark.schroeder@germanamerican.com D. Neil Dauby, President and Chief Operating Officer (812) 482-0707 neil.dauby@germanamerican.com Bradley M. Rust, Senior Executive Vice President and CFO (812) 482-0718 brad.rust@germanamerican.com

XML

Cover page	Feb. 03, 2021
Cover [Abstract]
Document Type	8-K
Document Period End Date	Feb. 03, 2021
Entity Registrant Name	GERMAN AMERICAN BANCORP, INC.
Entity Incorporation, State or Country Code	IN
Entity File Number	001-15877
Entity Tax Identification Number	35-1547518
Entity Address, Address Line One	711 Main Street
Entity Address, City or Town	Jasper,
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	47546
City Area Code	812
Local Phone Number	482-1314
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	GABC
Security Exchange Name	NASDAQ
Amendment Flag	false
Entity Central Index Key	0000714395