First Merchants Investor Presentation Deck
Track Record of Shareholder Value
10-Year Total Return (2012-2022)
$10.44
242.2%
$12.12
FRME
CAGR 2012-2022: 7.0%
Adjusted CAGR¹ 9.3%
Tangible Book Value per Share
$13.27 $14.38
$15.83 $16.78
$19.24
165.4%
S&P BMI US Bank
$21.24
$22.64
$24.09 $25.42
$27.53
$10.95 $12.17 $13.65 $14.68 $15.85 $16.96 $19.12 $21.94 $24.27 $25.21 $21.45 $22.43
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD'23
ITBVPS
TBVPS Without AFS OCI¹
¹Tangible book value per share excluding unrealized gain/loss in available for sale securities.
First Merchants Corporation
Helping you prosper
CAGR 2012-2022: 10.5%
$1.41 $1.41
$0.10
Earnings per Share
$1.65 $1.72
CAGR 2012-2022: 28.7%
$0.18
14.04%
$0.29
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD'23
$2.12
$1.98
$0.41
12.69% 12.94%
Dividends per Share
$0.54
$3.22 $3.19
$0.69
12.47%
$2.74
$0.84
13.26% 13.29%
$1.04
$1.00
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD'23
Return on Tangible Common Equity
18.77%
$3.81 $3.81
$1.13
15.81%
$1.25
12.21%
$3.03
16.17%
$1.00
18.12% 18.10%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD'23
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