First Merchants Results 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
2012 2013 2014 2015 2016 2017
TBVPS
165.4%
S&P BMI US Bank
$21.24
$22.64 $24.09
$25.42
$10.95 $12.17 $13.65 $14.68 $15.85 $16.96 $19.12 $21.94 $24.27 $25.21 $21.45 $23.34
$26.93
2018 2019 2020 2021 2022 YTD'23
TBVPS Without AFS OCI¹
First Merchants Corporation
Helping you prosper
¹Tangible book value per share excluding unrealized gain/loss in available for sale securities.
CAGR 2012-2022: 10.5%
$1.41 $1.41
$0.10
CAGR 2012-2022: 28.7%
Earnings per Share
$1.65 $1.72
$0.18
14.04%
$0.29
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD'23
Dividends per Share
12.69% 12.94%
$0.41
$1.98
12.47%
$2.12
$0.54
$0.69
$3.22 $3.19
13.26% 13.29%
$0.84
$1.00
18.77%
$2.74
15.81%
$1.04
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD'23
Return on Tangible Common Equity
$3.81 $3.81
12.21%
$1.13
$1.25
16.17%
$2.09
18.12%
$0.66
18.91%
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2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD'23.
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