PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Firstmerit Bank, N.A.

Akron, OH · Cert 13675

FDIC · 361 branches

Q2 2016

$26.2BAssets
$16.3BLoans
$21.1BDeposits
$3.2BEquity
Loan mix
37%RE $5.2B36%C&I $5.1B27%Consumer $3.9BQ3 2014Q2 2016
Deposit mix
89%Interest-bearing $18.7B11%Noninterest $2.4BQ3 2014Q2 2016

Market Position · Akron, OH · 2016 SOD (annual) · 32.0% share · #1 of 29 inst. · $4.6B of $14.5B

36.1% Summit
0.8% Cook
25.0% Stark
2.8% Cuyahoga

Executive Summary

  • Earnings: ROA of 0.96%, down 1 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.21%.
  • Capital: tier 1 leverage ratio of 9.34%, up 39 bps from a year ago.
  • Funding: loans stand at 77.52% of deposits as of Q2 2016.

Return on Assets (quarter, annualized)

0.96%-1 bps YoY

Net Interest Margin (quarter, annualized)

3.03%-10 bps YoY

Efficiency Ratio (quarter, annualized)

61.34%+10 bps YoY

Tier 1 Leverage Ratio

9.34%+39 bps YoY

NIM

3.67%Q2 ’143.32%Q2 ’153.23%Q2 ’16-7%-3%

Non-interest income vs. expense

2.70%Q2 ’142.53%Q2 ’152.42%Q2 ’16-7%-2%

Discrete quarter, annualized.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets1.10%1.07%0.98%0.97%1.01%0.95%0.90%0.96%-1 bps
Return on Equity9.39%9.12%8.19%8.05%8.35%7.84%7.47%7.93%-12 bps
Net Interest Margin3.35%3.24%3.19%3.13%3.11%3.09%3.03%3.03%-10 bps
Efficiency Ratio59.14%59.25%60.58%61.24%59.39%59.96%63.06%61.34%+10 bps
Non-Interest Burden1.59%1.51%1.51%1.49%1.37%1.40%1.51%1.47%-3 bps
Growth
Asset Growth (YoY)2.10%4.28%2.55%3.01%2.64%2.56%3.83%3.47%+46 bps
Loan Growth (YoY)7.22%7.56%6.27%5.03%3.69%4.92%4.82%4.08%-95 bps
Deposit Growth (YoY)-0.46%-0.04%0.46%1.76%2.04%2.88%5.94%6.61%+485 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.37%0.23%0.25%0.23%0.24%0.33%0.24%0.21%-2 bps
Allowance / Loans0.92%0.94%0.95%0.94%0.97%0.96%0.94%0.92%-3 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a8.87%8.95%9.10%9.23%9.16%9.34%+39 bps
Total Risk-Based Capital12.57%14.55%13.38%13.27%13.49%13.42%13.56%13.75%+48 bps
Equity / Assets11.79%11.79%12.03%12.01%12.21%12.08%12.04%12.19%+19 bps
Liquidity & Funding
Loans / Deposits77.99%77.93%77.25%79.41%79.25%79.48%76.44%77.52%-189 bps
Liquid Assets / Assets12.44%12.54%11.78%11.49%11.03%10.81%11.68%10.01%-147 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a