First Merchants Results Presentation Deck
Second Quarter Financial Results
6.
7.
1. Total Assets
2.
Total Loans
3.
Investments
4. Deposits
5.
8.
9.
10.
($M except per share data)
Balance Sheet & Asset Quality
Total Equity
25.
26.
27.
28.
TCE Ratio
Total RBC Ratio
ACL / Loans
NCOS / Avg Loans
NPAS + 90PD / Assets
Summary Income Statement
Net Interest Income
Provision for Loan Losses
11.
12.
13. Non-interest Income
Non-interest Expense
14.
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.
23.
24.
ROTCE
Net Interest Margin
Efficiency Ratio
Per Share
Earnings per Diluted Share
Tangible Book Value per Share
Dividend per Share
Dividend Payout Ratio
6/30/22 9/30/22 12/31/22 3/31/23
7.04%
$17,780.5 $17,719.0 $17,938.3 $18,178.9 $17,968.4
11,406.5 11,675.4 12,013.0 12,250.9 12,297.5
4,630.0 4,294.8 4,263.8 4,057.4 3,891.5
14,570.9 14,434.8 14,382.7 14,703.3 14,581.2
1,977.6 1,906.7 2,034.8 2,122.4 2,145.6
12.73
1.98
0.01
0.30
$128.7
16.8
28.3
97.3
42.9
3.9
39.0
0.5
38.5
For the Three Months Ended,
0.88%
7.62
12.91
3.28
58.45
$0.63
20.45
0.32
50.8%
6.66%
12.84
1.94
-0.01
0.29
1.43%
12.54
20.85
3.55
53.34
$140.3 $149.0
0.0
0.0
29.6
24.1
96.4
89.7
73.5
83.4
9.8
63.7
0.5
63.3
$1.08
19.26
0.32
29.6%
7.34%
13.08
First Merchants Corporation
Helping you prosper
1.86
0.12
0.28
12.6
70.8
0.5
70.3
1.59%
14.36
24.21
3.72
48.60
$1.19
21.45
0.32
26.9%
7.75%
13.23
1.82
0.01
0.34
1.42%
6/30/23
12.21
19.82
3.58
51.72
$144.1 $137.9
0.0
0.0
25.0
26.3
93.7
92.6
75.4
71.6
11.3
10.7
64.1
60.9
0.5
0.5
63.6
60.4
$1.07
22.93
0.32
29.9%
7.99%
13.48%
1.80
0.06
0.34
1.34%
11.29
18.04
3.39
52.21
$1.02
23.34
0.34
33.3%
Variance % Variance
Linked Linked QTR-
Quarter Annualized
($210.5)
46.7
(165.9)
(122.1)
23.1
0.24%
0.25
-0.02
0.05
0.00
($6.2)
0.0
1.3
(1.1)
(3.8)
(0.6)
(3.2)
0.0
(3.2)
-0.08%
-0.92
-1.78
-0.19
0.49
($0.05)
0.41
0.02
3.4%
-4.6%
1.5%
-16.4%
-3.3%
4.4%
-4.3%
5.2%
-1.2%
-5.0%
-5.3%
-5.0%
-5.0%
■
■
■
2Q23 Highlights
52.21% Efficiency Ratio
Net interest income, decreased
$6.2 million due to higher
funding cost and mix change
which offset higher earning
asset income
Pre-Tax, Pre-Provision (PTPP)
Earnings totaled $71.6 million
PTPP ROA was 1.58% and PTPP
ROE was 13.38%¹
TCE Ratio increased 0.24% to
7.99%
Tangible Book Value per share
totaled $23.34, an increase of
$0.41 over prior quarter
¹See "Non-GAAP Financial Information" for reconciliation
8View entire presentation