First Merchants Results Presentation Deck
Non-GAAP
PRE-TAX, PRE-PROVISION ("PTPP") EARNINGS, AS ADJUSTED
(Dollars in Thousands, Except Per Share Amounts)
Net Interest Income (GAAP)
Other Income (GAAP)
Total Revenue
Less: Other Expenses (GAAP)
Add: Acquisition-Related Expenses (GAAP)
Ad Νοι ore Expenses¹ (GAAP)
Pre-Tax, Pre-Provision Earnings (non-GAAP)
Average Assets (GAAP)
Average Equity (GAAP)
Average Diluted Common Shares
PTPP/Average Assets (PTPP ROA)
PTPP/Average Equity (PTPP ROE)
PTPP/Average Diluted Common Shares
(Dollars in Thousands, Except Per Share Amounts)
Net Interest Income (GAAP)
Other Income (GAAP)
Total Revenue
Less: Other Expenses (GAAP)
Add: Acquisition-Related Expenses (GAAP)
Add: Non-core Expenses ¹ (GAAP)
Pre-Tax, Pre-Provision Earnings (non-GAAP)
Average Assets (GAAP)
Average Equity (GAAP)
Average Diluted Common Shares
PTPP/Average Assets (PTPP ROA)
PTPP/Average Equity (PTPP ROE)
PTPP/Average Diluted Common Shares
$
$ 148,956 $ 144,119 $
24,151
173,107
(89,699)
24,997
169,116
(93,720)
413
$
$
$
4Q22
$
First Merchants Corporation
Helping you prosper
1.88%
17.12%
1.41 $
$ 17,834,468 $18,022,195 $18,170,649 $18,152,239 $18,397,200
$ 1,958,041 $ 2,083,125 $ 2,139,877 $ 2,154,232 $2,130,993
59,384
59,441
59,448
59,503
59,556
2021
1Q23
83,821 $ 75,396 $ 71,561 $ 67,371 $
410,680 $
109,323
520,003
(279,213)
528
1.63%
12.93%
1.67%
14.48%
1.27 $
4.47 $
2022
2Q23
520,203 $
107,941
628,144
(355,716)
16,531
137,835 $ 133,383 $
26,319
27,842
164,154
161,225
(92,593)
(93,854)
1.68%
14.65%
4.99 $
1.58%
13.38%
$14,830,397 $17,220,002 $18,186,507
$ 1,866,632 $ 1,972,445 $ 2,127,262
53,984
57,950
59,489
1.20 $
12,682
241,318 $ 288,959 $ 275,414
2023
545,401
105,601
651,002
(388,270)
3Q23
1.51%
12.95%
4.63
1.48%
12.51%
4Q23
1.13 $
130,064
26,443
156,507
(108,103)
12,682
61,086
1.33%
11.47%
1.03
¹Non-core expenses include one-time charges consisting of $4.3 million from the FDIC special assessment,
$6.3 million from early retirement and severance costs, and $2.1 million from a lease termination.
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