First Merchants Results Presentation Deck
Business Highlights
Northwest Indiana
Lake County Rank: 4
Lafayette MSA Rank: 2
Deposits: $3.4B
Loans: $2.3B
Michigan
Monroe MSA Rank: 1.
Detroit MSA Rank: 9
Deposits: $2.7B
Loans: $2.6B
Northeast Indiana
Muncie MSA Rank: 1
Ft Wayne MSA Rank: 3
Deposits: $4.4B
Loans: $1.9B
Indianapolis
Indianapolis MSA Rank: 8
Deposits: $3.6B
Loans: $4.2B
Columbus
Columbus MSA Rank: 14
Deposits: $0.7B
Loans: $1.5B
MSA and County ranking data per FDIC
¹Commercial includes Municipal deposits and Consumer includes Private Wealth and Mortgage
First Merchants Corporation
Helping you prosper
Commercial
Consumer
Total Loan Growth QTD
Total Loan Growth YTD
*Adjusted Total Loan Growth YTD
I
■
■
Loan Growth Annualized¹
4Q23 Balance ($B)
Commercial
Consumer
■
*During the second quarter, the non-relationship, term loan B portfolio of $116
million was sold with a gain
■
$9.5
$2.9
Strong Commercial growth in the quarter driven through both the middle
market, C&I group and the Investment Real Estate team
As a result of strong loan closings during the quarter, the total Commercial
pipeline softened; still at levels to yield growth in 2024
Consumer growth was attributed to increases in Installment, Private Banking,
and Residential Mortgage
Total Deposit Growth QTD
Total Deposit Growth YTD
Deposit Growth Annualized¹
4Q23 Balance ($B)
Growth
8.0%
2.7%
6.6%
4.1%
5.1%
$7.4
$6.4
Growth
5.6%
11.1%
4.8%
3.1%
Strong deposit growth continued for the quarter and year-to-date
The Consumer line of business showed strong growth in both primary account
balances and continued growth in money markets and CDs with less than
one-year maturities
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