Update Browser: you are currently trying to view the First Merchants site using an outdated browser. In our commitment to your security, and in keeping with industry standards, we no longer support the browser you are using. Learn more.

Financial Highlights

Financial Highlights
2019 FQ2
6/30/2019
2018 FQ2
6/30/2018
Y-Y Ch (%)
2019 FQ1
3/31/2019
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 10,737,857 9,734,715 10.30 10,210,925 20.64
Total Net Loans 7,435,950 7,005,562 6.14 7,221,748 11.86
Total Deposits 8,319,328 7,503,815 10.87 8,047,798 13.50
Equity Attributable to Parent Company 1,501,636 1,340,328 12.03 1,455,848 12.58
Total Equity 1,501,636 1,340,328 12.03 1,455,848 12.58
Profitability (%)
Net Income($000) 41,056 39,634 3.59 38,817 23.07
Net Income Attributable to Parent($000) 41,056 39,634 3.59 38,817 23.07
ROAA 1.56 1.63 (7) bp 1.54 2 bp
Core ROAA 1.59 1.65 (6) bp 1.55 4 bp
ROAE 11.10 11.94 (84) bp 10.86 24 bp
ROATCE 16.71 19.22 (251) bp 16.67 4 bp
Core ROAE 11.31 12.06 (75) bp 10.95 36 bp
Net Interest Margin 3.71 3.99 (28) bp 3.85 (14) bp
Reported: Net Interest Margin 3.71 3.99 (28) bp 3.84 (13) bp
Efficiency Ratio 49.81 49.37 44 bp 51.18 (137) bp
Noninterest Inc/ Operating Rev 18.81 16.71 210 bp 17.15 166 bp
Balance Sheet Ratios (%)
Loans/ Deposits 90.29 94.37 (408) bp 90.70 (41) bp
Securities/ Assets 19.74 16.91 283 bp 18.51 123 bp
Total Equity/ Total Assets 13.98 13.77 21 bp 14.26 (28) bp
Tangible Equity/ Tangible Assets 10.08 9.36 72 bp 10.14 (6) bp
Tang Common Equity/ Tang Assets 10.07 9.36 71 bp 10.14 (7) bp
Asset Quality (%)
NPAs/ Assets 0.26 0.31 (5) bp 0.30 (4) bp
NPA Excl Restructured/ Assets 0.25 0.30 (5) bp 0.29 (4) bp
NPAs & 90+ PD/ Assets 0.26 0.31 (5) bp 0.30 (4) bp
NPAs/ Loans & REO 0.36 0.42 (6) bp 0.42 (6) bp
Nonaccrual & 90+ & OREO/ Assets 0.25 0.30 (5) bp 0.29 (4) bp
NPAs & 90+ PD/ Loans & REO 0.37 0.42 (5) bp 0.42 (5) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 2.47 3.17 (70) bp 2.87 (40) bp
NCOs/ Avg Loans 0.01 0.03 (2) bp 0.05 (4) bp
Loan Loss Reserves/ Gross Loans 1.08 1.09 (1) bp 1.11 (3) bp
Reserves/ NPAs 296.56 260.58 3,598 bp 264.95 3,161 bp
Loan Loss Provision/ NCO 390.63 307.96 8,266 bp 141.18 24,944 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 1,023,437 896,904 14.11 991,079 13.06
Tier 1 Capital($000) 1,089,689 962,934 13.16 1,057,276 12.26
Tier 2 Capital($000) 146,274 142,543 2.62 145,902 1.02
Total Capital($000) 1,235,963 1,105,477 11.80 1,203,178 10.90
Total Risk-weighted Assets($000) 8,491,188 8,002,666 6.10 8,176,677 15.39
Tier 1 Common Capital (CET1) Ratio(%) 12.05 11.21 84 bp 12.12 (7) bp
Tier 1 Ratio(%) 12.83 12.03 80 bp 12.93 (10) bp
Total Capital Ratio(%) 14.56 13.81 75 bp 14.71 (15) bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.86 10.43 43 bp 11 (14) bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 49,456,594 49,280,188 0.36 49,428,468 0.23
Avg Diluted Shares(actual) 49,549,887 49,451,406 0.20 49,540,844 0.07
Basic Book Value per Share 30.36 27.20 11.62 29.45 12.36
Book Value per Share, As Reported 30.36 NA NA 29.45 12.36
Basic Tangible Book Value per Share 20.92 17.60 18.86 19.98 18.82
Tangible Book Value per Share, As Reported 21.01 17.71 18.63 20.07 18.73
Common Dividends Declared per Share 0.26 0.22 18.18 0.22 72.73
EPS after Extra 0.83 0.80 3.75 0.78 25.64
EPS after Extra Growth(%) 3.70 40.40 (3,660) bp 5.40 (166) bp
Core EPS 0.85 0.81 4.94 0.79 30.38
Core EPS Growth(%) 4.60 38.90 (3,423) bp 6.20 (157) bp
Diluted EPS before Amortization 0.86 0.83 3.61 0.81 24.69
Pre-Provision Earnings per Share 0.78 0.77 1.30 0.73 27.40

   Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

  * Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.


Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.

HOW CAN WE HELP?

Have questions or need assistance? Just give us a call at 1.800.205.3464. Our Customer Service team is available weekdays from 7 a.m. until 8 p.m. ET, and from 9 a.m. until 3 p.m. ET on Saturdays.

Looking for a different number or an online form? Find it on our contact page.