First Merchants Investor Presentation Deck
Noninterest Expense Highlights
3Q23 Noninterest Expense Detail
Premises & Equipment
$12.5
13%
$93.9M
Total
Salary & Benefits
$55.6
59%
Other
$7.8
8%
Outside Data Processing
$6.6
7%
Professional & Other
Outside Services
$3.8
4%
Intangible Asset Amortization
$2.2
3%
Marketing
$2.4
3%
FDIC Expense
$3.0
3%
Highlights
▪ Increase in Other expenses reflects $1.3 million in
increased marketing costs somewhat offset by a decline
in professional fees.
First Merchants Corporation
Helping you prosper
Efficiency Ratio
53.34%
51.39%¹
$96.4M
$20.9
$6.8
$12.7
Noninterest Expense Trends ($M)
$56.0
3Q22
Salary &
Benefits
48.60%
48.37%¹
$89.7M
$19.0
$5.6
$12.8
$52.3
4Q22
■ Premises &
Equipment
51.72%
$93.7M
$16.7
$6.1
$13.4
$57.5
1Q23
■Outside
52.21%
$92.6M
$18.3
$6.6
$12.9
$54.8
2Q23
Data Processing
¹3Q22, and 4Q22 Efficiency Ratio excluding acquisition costs, see
"Non-GAAP Financial Information" for reconciliation
53.91%
$93.9M
$19.2
$6.6
$12.5
$55.6
3Q23
Other
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