First Merchants (FRME) - 2023 Q3 - Earnings Call Presentation

FMB: 25 Yrs Chief Financial Officer ▪ Total deposits increased $65.4 million or 1.8% annualized on a linked quarter basis ▪ Strong deposit growth continued for the quarter and year to date. ▪ As noted on slide 5, the Municipal deposits decline was the driver for the Commercial deposit decline of 1.9% noted above. Adjusting for the seasonal decline in Municipal deposits, Commercial deposits grew at a 5.1% annualized rate. ▪ Consumer line of business showed strong growth in both the branch network and private ...