First Merchants Investor Presentation Deck
Highlights
Third Quarter
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Total deposits increased $65.4 million or 1.8% annualized on a linked quarter basis
Commercial & Consumer deposits increased $327.8 million
Brokered deposits declined $133.6 million
Municipal deposits declined $128.8 million due to seasonality
Loan yields remain strong at 6.58% with new/renewed loan yields averaging 7.88% for the quarter
Maintained a low 50's Efficiency Ratio, while managing increasing deposit betas
Maintained strong credit quality and a robust allowance for credit losses
Reported EPS of $0.94 compared to $1.08 in 3Q22. Excluding PPP income and expenses related to the Level One acquisition,
current EPS was $0.94 compared to $1.12 in 3Q221,2
Year-to-Date
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Net Income & EPS¹
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$55.9 Million
$0.94 Per Share
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I
ROA (Annualized)
1.24% ROA
1.48% PTPP ROA²
Net Income & EPS¹
$179.9 Million
$3.03 Per Share
ROE & ROTCE (Annualized)
10.38% ROE
16.54% ROTCE²
ROA (Annualized)
1.33% ROA
1.58% PTPP ROA²
Reported EPS of $3.03 compared to $2.62 in 2022. Excluding PPP income and expenses related to the Level One acquisition,
current YTD EPS was $3.03 compared to $3.01 in 2022¹,2
First Merchants Corporation
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ROE & ROTCE (Annualized)
11.28% ROE
18.10% ROTCE²
¹Net Income and EPS reported on a diluted basis and for common stockholders
2See "Non-GAAP Financial Information" for reconciliationView entire presentation