First Merchants Investor Presentation Deck
Non-GAAP
TANGIBLE COMMON EQUITY RATIO (dollars in thousands):
Tangible Common Equity Ratio (dollars in thousands)
Total Stockholders' Equity (GAAP)
Less: Preferred Stock
Less: Intangible Assets
Tangible Common Equity (non-GAAP)
Total Assets (GAAP)
Less: Intangible Assets
Tangible Assets (non-GAAP)
Tangible Common Equity Ratio (non-GAAP)
TANGIBLE COMMON EQUITY PER SHARE (dollars in thousands):
Tangible Common Equity Per Share
Total Stockholders' Equity (GAAP)
Less: Preferred Stock
Less: Intangible Assets
Tax Benefit
Tangible Common Equity, Net of Tax (non-GAAP)
Common Shares Outstanding
Tangible Common Equity per Share (non-GAAP)
Tangible Common Equity Per Share
Total Stockholders' Equity (GAAP)
Less: Preferred Stock
Less: Intangible Assets
Tax Benefit
Tangible Common Equity, Net of Tax (non-GAAP)
Common Shares Outstanding
Tangible Common Equity per Share (non-GAAP)
$
$
$
$
$
$
4Q12
3Q21
4Q20
4Q13
3Q22
First Merchants Corporation
Helping you prosper
(125) (25,125) (25,125) (25,125)
(572,323) (750,713) (747,844) (745,647)
1,295,642 $ 1,130,828 $ 1,261,801 $ 1,351,676 $ 1,376,975 $ 1,326,236
1,868,090 $ 1,906,666 $ 2,034,770 $ 2,122,448 $ 2,145,565 $ 2,092,644
(25,125) (25,125)
(743,465) (741,283)
15,060,725 $17,718,985 $17,938,306 $ 18,178,908 $ 17,968,412 $17,996,648
(572,323) (750,713) (747,844) (745,647) (743,465) (741,283)
14,488,402 $16,968,272 $17,190,462 $17,433,261 $17,224,947 $17,255,365
8.94%
7.69%
6.66%
3Q21
4Q14
4Q22
7.34%
4Q21
4Q15
1Q23
7.75%
3Q22
4Q16
28,692,616 35,921,761 37,669,948 40,664,258 40,912,697 49,158,238
$ 10.95 $ 12.17 $ 13.65 $ 14.68 $ 15.85 $ 16.96
2Q23
552,236 $ 634,923 $ 726,827 $ 850,509 $ 901,657 $1,303,463 $1,408,260 $1,786,437
(90,908)
(125)
(125)
(125)
(125)
(125)
(149,529) (202,767) (218,755) (259,764) (258,866) (476,503) (469,784) (578,881)
(125)
(125)
2,249
4,973
6,085
6,278
5,930
6,788
7,257
314,048 $ 437,004 $ 514,032 $ 596,898 $ 648,596 $ 833,623 $ 943,368 $1,214,688
5,017
7.99%
4Q22
4Q17
3Q23
1Q23
4Q18
4Q19
49,349,800 55,368,482
$ 19.12 $ 21.94
2Q23
3Q23
$1,875,645 $1,868,090 $1,912,571 $1,906,666 $2,034,770 $2,122,448 $2,145,565 $2,092,644
(125)
(125)
(572,893) (572,323)
5,989
5,153
$1,308,616 $1,300,795
53,922,359 53,510,745 53,410,411 59,145,414 59,170,583 59,257,051 59,297,148 59,398,022
$ 24.27 $ 24.31 $ 25.21 $ 19.26 $ 21.45 $ 22.93 $ 23.34 $ 22.43
(125) (25,125) (25,125) (25,125) (25,125) (25,125)
(570,860) (750,713) (747,844) (745,647) (743,465) (741,283)
4,875
8,197
7,702
7,231
6,760
6,290
$1,346,461 $ 1,139,025 $1,269,503 $1,358,907 $1,383,735 $1,332,526
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