First Merchants Results 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)
$
$
4Q21
4Q13
9.01%
4Q20
$ 1,912,571 $ 2,034,770 $ 2,122,448 $ 2,145,565 $ 2,092,644 $2,247,713
(25,125)
(125)
(570,860)
(25,125) (25,125) (25,125)
(747,844) (745,647) (743,465)
(25,125)
(739,101)
(741,283)
$ 1,341,586 $ 1,261,801 $ 1,351,676 $ 1,376,975 $ 1,326,236 $ 1,483,487
$ 15,453,149 $17,938,306 $18,178,908 $17,968,412 $17,996,648 $18,309,479
(570,860) (747,844) (745,647) (743,465) (741,283) (739,101)
$14,882,289 $17,190,462 $17,433,261 $17,224,947 $17,255,365 $17,570,378
35,921,761
$ 12.17 $
4Q22
4Q14
First Merchants Corporation
Helping you prosper
7.34%
4Q21
1Q23
4Q15
7.75%
4Q22
2Q23
4Q16
7.99%
1Q23
3Q23
4Q17
634,923 $ 726,827 $ 850,509 $ 901,657 $1,303,463 $1,408,260 $1,786,437
(125)
(125)
(125)
(125)
(125)
(125)
(125)
(202,767) (218,755) (259,764) (258,866) (476,503) (469,784)
4,973
6,085
6,278
5,930
6,788
5,017
437,004 $ 514,032 $596,898 $ 648,596 $ 833,623 $ 943,368 $1,214,688
(578,881)
7,257
7.69%
37,669,948 40,664,258 40,912,697 49,158,238 49,349,800 55,368,482
13.65 $ 14.68 $ 15.85 $ 16.96 $ 19.12 $ 21.94
2Q23
4Q23
4Q18
8.44%
3Q23
4Q19
4Q23
$1,875,645 $ 1,912,571
(125)
(125)
(572,893) (570,860)
5,989
4,875
$1,346,461
$ 1,308,616
53,922,359 53,410,411
59,170,583 59,257,051 59,297,148 59,398,022 59,424,122
$ 24.27 $ 25.21 $ 21.45 $ 22.93 $ 23.34 $ 22.43 $ 25.06
$2,034,770 $2,122,448 $2,145,565 $2,092,644 $2,247,713
(25,125) (25,125) (25,125) (25,125) (25,125)
(747,844) (745,647) (743,465) (741,283) (739,101)
7,702
7,231
6,760
6,290
5,819
$1,269,503 $1,358,907 $1,383,735 $1,332,526 $1,489,306
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