First Merchants Investor Presentation Deck
Year-to-Date Financial Results
($M except per share data)
Balance Sheet & Asset Quality
1. Total Assets
2. Total Loans
3. Investments
4. Deposits
Total Equity
6.
TCE Ratio
7. Total RBC Ratio
8. ALLL/Loans
9. NCOS / Avg Loans
10. NPAS +90PD / Assets
Summary Income Statement
11. Net Interest Income
12. Provision for Loan Losses
13. Noninterest Income
14. Noninterest Expense
15. Pre-tax Income
16. Provision for Taxes
17. Net Income
18. Preferred Stock Dividends
19. Net Income Available to Common Stockholders
20. ROAA
21. ROAE
22. ROTCE
23. Net Interest Margin
24. Efficiency Ratio
Per Share
25. Earnings per Diluted Share
26. Tangible Book Value per Share
27. Dividend per Share
28. Dividend Payout Ratio
For the Nine Months Ended September 30,
2021
$15,060.7
9,047.6
4,445.5
12,348.7
1,868.1
8.94%
14.02
2.21
0.07
0.35
$309.4
0.0
83.5
206.8
186.1
28.3
157.8
0.0
157.8
1.43%
11.32
16.65
3.22
50.10
$2.92
24.31
0.84
28.8%
2022
First Merchants Corporation
Helping you prosper
$17,719.0
11,675.4
4,294.8
14,434.8
906.
6.66%
12.84
1.94
-0.01
0.29
$371.2
16.8
83.8
266.0
172.3
20.9
151.3
0.9
150.4
1.19%
10.14
16.22
3.30
54.95
$2.62
19.26
0.93
35.5%
2023
$17,996.6
12,302.4
3,713.7
14,646.6
2,092.6
7.69%
13.66%
1.67
0.24
0.33
$415.3
2.0
79.2
280.2
212.3
31.0
181.3
1.4
179.9
1.33%
11.28
18.10
3.42
52.60
$3.03
22.43
1.00
33.0%
Variance % Variance
YOY
YOY
$277.7
627.0
(581.0)
211.8
186.0
1.03%
0.82
-0.27
0.25
0.04
$44.1
(14.8)
(4.6)
14.2
40.1
10.1
30.0
0.5
29.5
0.14%
1.14
1.88
0.12
-2.35
$0.41
3.17
0.07
-2.5%
1.6%
5.4%
-13.5%
1.5%
9.8%
11.9%
-5.5%
5.3%
23.3%
48.2%
19.8%
19.6%
■
■
■
■
■
Year-to-Date Highlights
52.60% Efficiency Ratio
reflecting strong operating
leverage
Net interest income, increased
$44.1 million primarily due to
the addition of Level One in
2Q22
Pre-Tax, Pre-Provision (PTPP)
Earnings totaled $214.3 million
PTPP ROA was 1.58% and PTPP
ROE was 13.44%¹
TCE Ratio increased 1.03% to
7.69% over prior year
Tangible Book Value per share
totaled $22.43, an increase of
$3.17 over prior year
¹See "Non-GAAP Financial Information" for reconciliation
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