First Merchants Results Presentation Deck
Loan Portfolio Insights
Manufacturing
Finance & Insurance
Other Admin Services
Wholesale Trade
Retail Trade
■
Professional Service
Construction
●
C&I
6.4%
5.5%
10.1%
9.8%
8.8%
7.9%
19.9%
Top Industries
% of C&I loans
C&I Includes commercial and
industrial, sponsor and owner-
occupied real estate loans
Transp./Warehouse
Specialty Trade
Investment CRE
4.6%
4.0%
3.6%
▪ Line utilization 4Q23 41.3% from 40.9% 3Q23
$740 million Shared National Credits:
Relationship Strategy: Access to management, additional
revenue opportunities
Top borrower industries include chemicals, heavy road
construction, real estate, manufacturing, outdoor advertising
$59.7 million of SBA guaranteed loans
Commercial
Home Equity / Other Consumer
> 96% of $681 million in consumer loans had a credit
score exceeding 669 at origination ¹
First Merchants Corporation
Helping you prosper
C&I- Sponsor Finance
$795 million to 86 companies, 53 active sponsors,
top 5 borrower industries include manufacturing,
packaging services, and comm transportation
equipment
▪ Senior Debt/Adj. EBITDA < 3.0X ~ 74%
▪ Total Debt/Adj. EBITDA < 4.0X ~ 78%
■ FCCR > 1.50X ~ 65%
▪ ~4.0% Classified (as % of portfolio)
Mortgage & Consumer
Construction Finance
▪ $175 million Resi Real Estate Construction
■
$782 million CRE Construction & Land
■
($M)
Multi-Family
Industrial
Self Storage
Office-Medical
Office-General
% CRE
Balance Commit. Constr/Land
$453 $772
$93
$110
$66
$70
$27
$27
$25
$8
57.9%
12.0%
8.4%
3.1%
1.1%
Residential Mortgage
$257 million residential mortgage secured, related to
commercial loan relationships
▪ $2.0 billion residential mortgage loans
> 90% of $1.8 billion in residential portfolio loans
had a credit score at origination exceeding 669²
¹Excludes ~14% of loans where origination data is unavailable
2Excludes ~12% of residential loans where origination data is unavailable
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