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)
$
$
$
$
2Q21
$
4Q12
2Q22
1,871,800 $ 1,977,641 $ 1,906,666 $ 2,034,770 $ 2,122,448 $ 2,145,565
(25,125)
(25,125)
(125) (25,125) (25,125) (25,125)
(573,786) (753,649) (750,713) (747,844) (745,647)
1,297,889 $ 1,198,867 $ 1,130,828 $ 1,261,801 $ 1,351,676 $ 1,376,975
(743,465)
4Q13
4Q12
14,923,097 $17,780,492 $17,718,985 $17,938,306 $18,178,908 $ 17,968,412
(573,786) (753,649) (750,713) (747,844) (745,647) (743,465)
14,349,311 $17,026,843 $ 16,968,272 $17,190,462 $17,433,261 $17,224,947
9.04%
6.66%
7.04%
2Q21
First Merchants Corporation
Helping you prosper
3Q22
4Q14
4Q22
4Q15
4Q21
7.34%
2Q22
1Q23
4Q16
7.75%
$ 552,236 $ 634,923 $ 726,827 $ 850,509 $ 901,657 $1,303,463 $1,408,260 $1,786,437
(90,908)
(125)
(125)
(125)
(125)
(125)
(125)
(125)
(149,529) (202,767) (218,755) (259,764) (258,866) (476,503) (469,784) (578,881)
2,249
6,085
6,278
5,930
4,973
6,788
5,017
7,257
$ 314,048 $ 437,004 $ 514,032 $596,898 $ 648,596 $ 833,623 $ 943,368 $1,214,688 $ 1,308,616
3Q22
2Q23
4Q17
28,692,616 35,921,761 37,669,948 40,664,258 40,912,697 49,158,238 49,349,800 55,368,482 53,922,359
$ 10.95 $ 12.17 $ 13.65 $ 14.68 $ 15.85 $ 16.96 $ 19.12 $ 21.94 $ 24.27
7.99%
4Q22
4Q18
4Q19
1Q23
552,236 $1,871,800 $1,912,571 $1,977,641 $1,906,666 $2,034,770 $2,122,448 $2,145,565
(90,908)
(125)
(125) (25,125) (25,125) (25,125) (25,125) (25,125)
(149,529) (573,786) (570,860) (753,649) (750,713) (747,844) (745,647) (743,465)
2,249
5,432
4,875
8,692
8,197
7,702
7,231
6,760
$ 314,048 $1,303,321 $1,346,461 $1,207,559 $1,139,025 $1,269,503 $1,358,907 $1,383,735
2Q23
4Q20
28,692,616 53,972,386 53,410,411 59,059,866 59,145,414 59,170,583 59,257,051 59,297,148
$ 10.95 $ 24.15 $ 25.21 $ 20.45 $ 19.26 $ 21.45 $ 22.93 $ 23.34
$1,875,645
(125)
(572,893)
5,989
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