德美银行 2026年季度报告

FORM 10-Q Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended March 31,2026 Commission File Number 001-15877 711 Main Street, Jasper, Indiana47546(Address of Principal Executive Offices and Zip Code) Registrant’s telephone number, including area code: (812) 482-1314 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company: Large accelerated filerAccelerated filerNon-accelerated filerSmaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):Yes☐No Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, no par valueGABCNasdaq Global Select Market As of May 1, 2026, the registrant had 37,564,316 outstanding shares of Common Stock, no par value. Information included in or incorporated by reference in this Quarterly Report on Form 10-Q, our other filings with the Securities andExchange Commission (the “SEC”) and our press releases or other public statements contains or may contain “forward-lookingstatements” within the meaning of the Private Securities Litigation Reform Act of 1995. Please refer to the discussions of our forward-looking statements and associated risks in our Annual Report on Form 10-K for the year ended December 31, 2025, in Item 1,“Business - Forward-Looking Statements and Associated Risks” and our discussion of risk factors in Item 1A, “Risk Factors” of thatAnnual Report on Form 10-K, as updated and supplemented from time to time by our subsequent SEC filings, including by thediscussion under the heading “Forward-Looking Statements and Associated Risks” at the conclusion of Item 2 of Part I of this Report(“Management’s Discussion and Analysis of Financial Condition and Results of Operations”), and by the additional risk factors setforth in Part II, Item 1A, “Risk Factors” of this Report. *****INDEXGlossary of Terms and Acronyms4PART I.FINANCIAL INFORMATION6Item 1.Unaudited Financial Statements6Consolidated Balance Sheets – March 31, 2026 and December 31, 20256Consolidated Statements of Income – Three Months Ended March 31, 2026 and 20257Consolidated Statements of Comprehensive Income – Three Months Ended March 31, 2026 and 20258Consolidated Statements of Changes in Shareholders’ Equity - Three Months Ended March 31, 2026 and20259Consolidated Statements of Cash Flows – Three Months Ended March 31, 2026 and 202510Notes to Consolidated Financial Statements – March 31, 202611Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations40Item 3.Quantitative and Qualitative Disclosures About Market Risk54Item 4.Controls and Procedures55PART II.OTHER INFORMATION56Item 1.Legal Proceedings56Item 1A.Risk Factors56Item 2.Unregistered Sales of Equity Securities and Use of Proceeds56Item 3.Defaults Upon Senior Securities56Item 4.Mine Safety Disclosures56Item 5.Other Information56Item 6.Exhibits58SIGNATURES59 GLOSSARY OF TERMS AND ACRONYMS As used in this Report, references to “German American,” “Company,” “we,” “our,” “us,” and similar terms refer to German AmericanBancorp, Inc. and its consolidated subsidiaries as a whole. Occasionally, we will refer to the terms “German American Bancorp,”“Bancorp,” “parent company” or “holding company” when we mean to refer to only German American Bancorp, Inc. and the term“Bank” when we mean to refer only to German American Bank, the Company’s bank subsidiary. The terms and acronyms identified below are used throughout this Report, including the Notes to Consolidated Financial Statements.You may find it helpful to refer to this Glossary as you read this Report. 2019 ESPP:German American Bancorp, Inc. 2019 Employee Stock Purchase Plan 2019 LTI Plan:German American Bancorp, Inc. 2019 Long-Term Equity Incentive Plan ACL:Allowance for credit losses ASU:Account