First Merchants Results Presentation Deck
Year-to-Date Financial Results
($M except per share data)
Balance Sheet & Asset Quality
1.
Total Assets
2. Total Loans
3. Investments
4. Deposits
5. Total Equity
6. TCE Ratio
7. Total RBC Ratio
8. ALLL/Loans
9. NCOS/Avg Loans
10.
NPAS +90PD / Assets
Summary Income Statement
11. Net Interest Income
12. Provision for Loan Losses
13. Non-interest Income
14. Non-interest Expense
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. ROTCE
23. Net Interest Margin
24. Efficiency Ratio
Per Share
25. Earnings per Diluted Share
26. Tangible Book Value per Share
27. Dividend per Share
28. Dividend Payout Ratio
For the Six Months Ended June 30,
2021
$14,923.1
9,139.8
4,148.3
12,203.4
1,871.8
9.04%
14.23
2.19
0.11
0.40
$204.7
0.0
55.0
135.4
124.3
19.3
105.0
0.0
105.0
1.45%
11.40
16.82
3.23
49.54
$1.94
24.15
0.55
28.4%
2022
First Merchants Corporation
Helping you prosper
$17,780.5
11,406.5
4,630.0
14,570.9
1,977.6
7.04%
12.73
1.98
-0.01
0.30
$230.9
16.8
54.2
169.6
98.7
11.1
87.6
0.5
87.1
1.05%
8.90
13.98
3.16
55.90
$1.54
20.45
0.61
39.6%
2023
$17,968.4
12,297.5
3,891.5
14,581.2
2,145.6
7.99%
13.48%
1.80
0.03
0.34
$282.0
0.0
51.3
186.3
147.0
22.0
125.0
1.0
124.0
1.38%
11.74
18.91
3.48
51.96
$2.09
23.34
0.66
31.6%
Variance % Variance
YOY
YOY
$187.9
891.0
(738.5)
10.3
168.0
0.95%
0.75
-0.18
0.04
0.04
$51.1
(16.8)
(2.9)
16.7
48.3
10.9
37.4
0.5
36.9
0.33%
2.84
4.93
0.32
-3.94
$0.55
2.89
0.05
-8.0%
1.1%
7.8%
-16.0%
0.1%
8.5%
22.1%
-5.4%
9.8%
48.9%
98.2%
42.7%
42.4%
■
■
■
■
Year-to-Date Highlights
51.96% Efficiency Ratio
Net interest income, increased
$51.1 million due to the
addition of Level One in 2Q22
Pre-Tax, Pre-Provision (PTPP)
Earnings totaled $147.0 million
PTPP ROA was 1.62% and PTPP
ROE was 13.92%¹
TCE Ratio increased 0.95% to
7.99% over prior year
Tangible Book Value per share
totaled $23.34, an increase of
$2.89 over prior year
¹See "Non-GAAP Financial Information" for reconciliation
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