German American Bancorp reported FY 2025 net income of USD 112.6 million, or USD 3.06 per share, with adjusted net income of USD 129.7 million (USD 3.52 per share). Net interest income was USD 294.1 million (+54.0%), and net interest margin was 4.02% (vs. 3.43% in FY 2024). Provision for credit losses totaled USD 19.4 million, including a USD 16.2 million CECL “Day 2” provision tied to acquired non-PCD loans. Non-interest income was USD 67.3 million (+7.0%), while non-interest expense was USD 201.9 million (+38.0%). For corporate updates, German American completed its acquisition of Heartland BancCorp on February 1, 2025, adding 20 retail offices in Columbus and Greater Cincinnati and bringing approximately USD 1.94 billion in assets, USD 1.58 billion in loans, and USD 1.73 billion in deposits at close; the company issued about 7.74 million shares and paid about USD 23.1 million in cash. German American also redeemed USD 24.3 million of Heartland subordinated notes due 2030 on September 15, 2025 and USD 40.0 million of its subordinated notes due 2029 on December 30, 2025. The company reported FY 2025 acquisition-related expenses of USD 7.0 million and noted it changed its ACL estimation methodology to a discounted cash flow model effective March 31, 2025, with an insignificant impact in 2025.

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