3rd Quarter Earnings Highlights      October 24, 2018                           1
 Forward-Looking Statement This presentation contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can often, but not always, be identified by the use of words like “believe”, “continue”, “pattern”, “estimate”, “project”, “intend”, “anticipate”, “expect” and similar expressions or future or conditional verbs such as “will”, would”, “should”, “could”, “might”, “can”, “may”, or similar expressions. These forward-looking statements include, but are not limited to, statements relating to First Merchants’ goals, intentions and expectations; statements regarding the First Merchants’ business plan and growth strategies; statements regarding the asset quality of First Merchants’ loan and investment portfolios; and estimates of First Merchants’ risks and future costs and benefits. These forward-looking statements are subject to significant risks, assumptions and uncertainties that may cause results to differ materially from those set forth in forward-looking statements, including, among other things: possible changes in economic and business conditions; the existence or exacerbation of general geopolitical instability and uncertainty; the ability of First Merchants to integrate recent acquisitions and attract new customers; possible changes in monetary and fiscal policies, and laws and regulations; the effects of easing restrictions on participants in the financial services industry; the cost and other effects of legal and administrative cases; possible changes in the credit worthiness of customers and the possible impairment of collectability of loans; fluctuations in market rates of interest; competitive factors in the banking industry; changes in the banking legislation or regulatory requirements of federal and state agencies applicable to bank holding companies and banks like First Merchants’ affiliate bank; continued availability of earnings and excess capital sufficient for the lawful and prudent declaration of dividends; changes in market, economic, operational, liquidity, credit and interest rate risks associated with the First Merchants’ business; and other risks and factors identified in each of First Merchants’ filings with the Securities and Exchange Commission. First Merchants undertakes no obligation to update any forward-looking statement, whether written or oral, relating to the matters discussed in this presentation or press release. In addition, the company’s past results of operations do not necessarily indicate its anticipated future results.                                           NON-GAAP FINANCIAL MEASURES These slides contain non-GAAP financial measures. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of the registrant’s historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of income, balance sheet or statement of cash flows (or equivalent statements) of the issuer; or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. In this regard, GAAP refers to generally accepted accounting principles in the United States. Pursuant to the requirements of Regulation G, First Merchants Corporation has provided reconciliations within the slides, as necessary, of the non-GAAP financial measure to the most directly comparable GAAP financial measure.                                                                                                               2
 Additional Information  Communications in this press release do not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any proxy vote or approval. The proposed merger will be submitted to MBT Financial Corporation shareholders for their consideration. In connection with the proposed merger, it is expected that MBT Financial Corporation will provide its shareholders with a Proxy Statement, as well as other relevant documents concerning the proposed transaction. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT REGARDING THE MERGER  WHEN  IT BECOMES AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS CONCERNING  THE PROPOSED TRANSACTION, TOGETHER WITH ALL AMENDMENTS OR SUPPPLEMENTS TO THOSE DOCUMENTS, AS THEY WILL CONTAIN IMPORTANT INFORMATION.  MBT  Financial Corporation and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of MBT Financial Corporation in connection with the proposed merger. Additional information regarding the interests of those participants and other persons who may be deemed participants in the transaction may be obtained by reading the Proxy Statement regarding the proposed merger when it becomes available.                                                                                                            3
 3rd Quarter 2018 Highlights    $41.1 Million of Net Income, a 68.8% Increase over 3Q2017    Earnings Per Share of $.83, a 66.0% Increase over 3Q2017    Total Assets of $9.8 Billion Grew Organically by 8.2% over 3Q2017    1.69%  ROAA;  12.10%  ROAE    49.25% Efficiency Ratio    Definitive Agreement Announced October 10, 2018 with MBT Financial Corporation                                                                  4
 Mark K. Hardwick  EXECUTIVE VICE PRESIDENT  CHIEF FINANCIAL OFFICER AND CHIEF OPERATING OFFICER                                                        5
 Total Assets ($ in Millions)                         2016       2017        Q1-’18       Q2-’18     Q3-’18   1. Investments        $1,305    $1,561        $1,544       $1,620     $1,625   2. Loans               5,143     6,758         6,906        7,083      7,091   3. Allowance            (66)      (75)          (76)         (78)       (78)   4. Goodwill & Intangibles 259      477           475         473         471   5. BOLI                 202        224           222         223         224   6. Other                369        422           402         414         454   7. Total Assets       $7,212    $9,367        $9,473       $9,735     $9,787      Annualized Asset Growth       29.9%                                  6.0% 1           1 Annualized from December 31, 2017                                                                                6
 Loan and Yield Detail          (as of 9/30/2018)                                                          QTD Yield    =         5.25%                                    Agricultural                                   YTD Yield    =         5.08%  Commercial      Construction Land &          Agricultural                                        Land                     Public             Total Loans  =    $7.1 Billion  Real Estate     Land Development             Production                                       3.4%                  Finance/Other   Non-Owner                                       1.2%                       9.4%                                   Commercial   Occupied                                                                5.6%               Variable     =    $4.8 Billion    24.8%                                                                          Fixed        =    $2.3 Billion                                                                   Residential                                                                     Mortgage                                                                     13.7%                                                                        Home                                                                        Equity                                                                       7.3%                                                                                   LIBOR                                                                                    35%                                                                       Other                                     Prime                                                                    Consumer                                     20%                                                                      1.4%   Commercial     Real Estate  Owner-Occupied      9.9%                                       Commercial &                                          Industrial                                          23.3%                           Fixed                                                                           32%                               Other                                                                                                             Variable                                                                                                              13%                                                                                                               7
 Investment Portfolio   (as of 9/30/2018)                                                        Mortgage-Backed                                                           Securities    Tax-Exempt                                              24%    Municipals       48%                                                                                  $1.6 Billion Portfolio                                                                                Modified duration of 5.9 years                                                                                Tax equivalent yield of 3.48%                                                                                Net unrealized loss of $34.6 Million                                                                 Collateralized                                                                   Mortgage                                                                  Obligations                Corporate                                           24%                Obligations       U. S. Agencies                   2%                 2%                                                                                                             8
 Total Liabilities and Capital   ($ in Millions)                                   2016       2017      Q1-’18     Q2-’18     Q3-’18   1.  Customer Non-Maturity Deposits $4,428  $5,741     $5,850     $6,033     $6,084   2.  Customer Time Deposits        747       1,051      1,137      1,158      1,227   3.  Brokered Deposits             381        381         341        313       322   4.  Borrowings                    572        701         644        706       600   5.  Other Liabilities              60         57          55         52        60   6.  Hybrid Capital                122        133         133        133       133   7.  Common Equity                 902       1,303      1,313      1,340      1,361   8.  Total Liabilities and Capital $7,212   $9,367     $9,473     $9,735     $9,787                                                                                      9
 Deposit Detail     (as of 9/30/2018)                                                                          QTD Cost      =          .90%                                                                          YTD Cost      =          .79%                                                                          Total         =    $7.6 Billion                      Certificates &                    Certificates &                     Time Deposits of                   Time Deposits of                        >$100,000                         <$100,000   Savings                8%                                8%  Deposits                                                       Brokered     29%                                                          Deposits                                                                   4%                                                        Demand                                                       Deposits                                                         51%                                                                                                         10
 Capital Ratios                                                                                            Total Risk-Based Capital Ratio  (Target = 12.50%)                                                                                                              Common Equity Tier 1 Capital Ratio  (Target = 10.00%)              16.00%                                                                       Tangible Common Equity Ratio  (TCE) (Target = 9.00%)               15.00%                           14.18%       14.21%     14.24%                                                                  14.25%                                                               14.01%                                                                                                               13.81%              14.00%                                                       13.76%      13.69%      13.69%               13.00%               12.00%                                                                                                       11.64%                                        11.10%      11.16%     11.11%       11.03%                             11.21%                           11.05%                                                      11.00%      11.04%              11.00%               10.00%                           9.48%                    9.50%        9.68%                                                      9.55%                                        9.24%                               9.39%       9.30%      9.32%       9.36%                9.00%                 8.00%                 7.00%                            3Q16        4Q16        1Q17        2Q17        3Q17        4Q17        1Q18        2Q18        3Q18                                                                                                                                        11
 Net Interest Margin                                                  Q3 - '16   Q4 - '16   Q1 - '17    Q2 - '17   Q3 - '17   Q4 - '17   Q1 - '18    Q2 - '18   Q3 - '18 Net Interest Income - FTE ($millions)         $      61.1 $      62.1 $      64.9 $      67.2 $      78.9 $      83.5 $      82.5 $      87.2 $      89.2   Fair Value Accretion                          $        3.8 $        2.9 $        4.3 $        2.3 $        3.2 $        4.1 $        3.2 $        3.8 $        3.2                                                                                                                            1           2           3 Tax Equivalent Yield on Earning Assets          4.37%       4.32%      4.42%      4.44%      4.56%       4.67%      4.57%      4.74%       4.88% Interest Expense/Average Earning Assets         0.43%       0.42%      0.44%      0.49%      0.53%       0.57%      0.65%      0.75%       0.83% Net Interest Margin                             3.94%       3.90%      3.98%      3.95%      4.03%       4.10%      3.92%      3.99%       4.05% Fair Value Accretion Effect                     0.24%       0.18%      0.26%      0.14%      0.17%       0.20%      0.15%      0.18%       0.15%  $92                                                                                                                                             3     4.20%                                                                                            4.10%                               2          4.05% $88                                                                        4.03%                                          3.99%                                            3.98%           3.95%                                               1 $84         3.94%          3.90%                                                                          3.92%                                       4.00% $80                                                                                                                                                   3.80% $76 $72                                                                                                                                                   3.60% $68 $64                                                                                                                                                   3.40% $60                                                                                                                                                   3.20% $56 $52                                                                                                                                                   3.00%          Q3 - '16        Q4 - '16        Q1 - '17        Q2 - '17        Q3 - '17        Q4 - '17       Q1 - '18        Q2 - '18        Q3 - '18                                       Net Interest Income - FTE ($millions)                                  Net Interest Margin                                                                                                              1 Reflects 13 bps impact of Tax Cuts and Jobs Act                                                                                                             2 Reflects 12 bps impact of Tax Cuts and Jobs Act                                                                                                            3 Reflects 13 bps impact of Tax Cuts and Jobs Act                                                                                                                                                         12
 Non-Interest Income      ($ in Millions)                  2016     2017    Q1-’18    Q2-’18   Q3-’18   1. Service Charges on Deposit Accounts $17.8 $ 18.7    $ 4.8     $ 5.0   $ 5.6   2. Wealth Management Fees           12.6     14.7       3.8       3.6     3.7   3. Card Payment Fees                15.0     16.1       4.6       4.5     4.6   4. Cash Surrender Value of Life Ins  4.3      6.6       1.2       1.0     1.0   5. Gains on Sales of Mortgage Loans  7.1      7.6       1.8       1.6     1.8   6. Gains on Sales of Securities      3.4      2.6       1.6       1.1     1.3   7. Other                             5.0      4.7       1.8       1.4     1.5   8. Total Non-Interest Income        $65.2   $71.0     $19.6     $18.2    $19.5                                                                                13
 Non-Interest Expense ($ in Millions)                       2016      2017    Q1-’18  Q2-’18   Q3-’18   1. Salary & Benefits               $102.6   $119.8    $  32.2 $  32.2   $32.9   2. Premises & Equipment              29.5     30.1       8.4     7.9      8.1   3. Intangible Asset Amortization      3.9      5.6       1.7     1.7      1.7   4. Professional & Other Outside Services 6.5  12.8       1.5     1.8      1.8   5. OREO/Credit-Related Expense        2.9      1.9       0.4     0.4      0.5   6. FDIC Expense                       3.0      2.6       0.7     0.7      0.9   7. Outside Data Processing            9.2     12.2       3.0     3.4      3.4   8. Marketing                          3.0      3.7       0.9     1.5      1.2   9. Other                             16.7     16.9       4.9     3.9      4.5   10. Total Non-Interest Expense     $177.3   $ 205.6 1 $ 53.7   $ 53.5   $55.0      1 2017 includes acquisition-related expenses of $12.2 million                                                                                14
 Earnings    ($ in Millions)               2016      2017     Q1-’18    Q2-’18   Q3-’18 1. Net Interest Income          $226.5    $ 277.3   $ 79.9    $  84.6   $86.5 2. Provision for Loan Losses      (5.7)     (9.1)    (2.5)     (1.7)     (1.4) 3. Net Interest Income after Provision 220.8 268.2   77.4       82.9     85.1 4. Non-Interest Income            65.2      71.0     19.6       18.2     19.5 5. Non-Interest Expense         (177.3)   (205.6)   (53.7)    (53.5)    (55.0) 6. Income before Income Taxes    108.7     133.6     43.3       47.6     49.6 7. Income Tax Expense            (27.6)    (37.5)1   (6.6)     (8.0)     (8.5) 8. Net Income Avail. for Distribution $  81.1 $ 96.1 $ 36.7   $  39.6  $  41.1 9. EPS                          $  1.98   $ 2.122   $ 0.74    $  0.80  $  0.83 10. Efficiency Ratio           56.51%     54.56%   51.33%    49.32%    49.25%    1 2017 includes $5.1 million of additional tax expense due to revaluing deferred taxes as a result of the Tax Cuts and Jobs Act    2 Acquisition-related expenses, the impact of tax reform, and pension settlement accounting reduced EPS by $0.30 for 2017                                                                              15
 Per Share Results  2017                       Q1        Q2       Q3      Q4      Total  1. Earnings Per Share    $    .56 $    .57  $    .50  $   .49 $   2.12  2. Dividends             $    .15 $    .18 $    .18 $   .18 $     .69  3. Tangible Book Value  $16.49   $16.97   $16.62   $16.96   2018                       Q1        Q2       Q3      Q4      Total  1. Earnings Per Share    $   .74  $     .80  $     .83  –   $   2.37  2. Dividends             $ .18    $     .22 $     .22  –    $  .62  3. Tangible Book Value  $17.14    $17.71   $18.16      –                                                                    16
 Dividends and Tangible Book Value             Quarterly Dividends                              Tangible Book Value                                           .22 0.22                                                                                      $18.16 0.20                                                                                  $16.96                                     .18                                          $15.85 0.18                                                                        $14.68 0.16                            .15                                     $13.65                             .14                                    $12.17 0.14                                                          $10.95                        .11 0.12                                                 $9.21 $9.64 0.10                    .08 0.08 0.06           .05 0.04      .03 0.02  .01 0.00           1.96% Forward Dividend Yield                    Compound Annual Growth Rate of 9.16%       Equals 26.2% Dividend Payout Ratio                                                                                                    17
 John J. Martin  EXECUTIVE VICE PRESIDENT AND CHIEF CREDIT OFFICER                                                      18
 Loan Portfolio Trends                                                                     Change                  ($ in Millions)                                                       Linked Quarter                                              2016    2017     Q1-'18 Q2-'18  Q3-'18       $      %                  1. Commercial & Industrial $  1,195 $  1,494 $  1,554 $  1,658 $  1,656 $         (2) (0.1%)   Commitments: 2. Construction, Land and       3Q ‘18 $1.200 B Land Development           419     612       590     715     669      (46)   (6.4%)   2Q ‘18 $1.244 B   1Q ‘18 $1.151 B 3. CRE Non-Owner Occupied 1,272  1,618      1,760   1,700   1,761      61      3.6%   4Q ‘17 $1.253 B                4. CRE Owner Occupied         531     700       709     714     700      (14)   (2.0%)                5. Agricultural Production     80     122        98      89      88       (1)   (1.1%)                6. Agricultural Land          149     244       245     239     239        0      0.0%                7. Public Finance/Other                   Commercial                  258     397       398     389     394        5      1.3%                8. Total Commercial          3,904  5,187      5,354   5,504   5,507       3      0.1%                 9. Residential Mortgage       742     970       953     968     968        0      0.0%                                                                                           10. Home Equity                419     514       511     519     517       (2)   (0.4%)                                                                                           11. Other Consumer              78      87        88      92      99        7      7.6%               12. Total Resi. and Consumer  1,239  1,571      1,552   1,579   1,584       5      0.3%               13. Total Loans             $ 5,143 $ 6,758   $ 6,906 $ 7,083 $ 7,091  $          8 0.1%               14. Construction Concentration1 52%    60%       57%     67%     62%               15. Investment RE Concentration1 211% 219%      226%    227%    224%                   1As a % of Risk Based Capital                                                                                                                                                    19
 Asset Quality Summary                                                                                   Change    ($ in Millions)                                                            Linked Quarter                                    2016      186.1 2017 Q1-'18 Q2-'18 Q3-'18      $      %    1. Non-Accrual Loans            $   30.0 $   28.7 $    27.5 $   20.1 $   20.4 $      0.3     2. Other Real Estate                    9.0       10.4          9.7         9.1         8.9        (0.2)     3. Renegotiated Loans                   4.7         1.0          0.6         0.5         0.9         0.4     4. 90+ Days Delinquent Loans            0.1         0.9          0.7         0.2         0.1        (0.1)     5. Total NPAs & 90+ Days Delinquent $   43.8 $   41.0 $    38.5 $   29.9 $   30.3 $      0.4 1.3%  6. Total NPAs & 90+ Days/Loans & ORE 0.9%  0.6%      0.6%     0.4%    0.4%   7. Classified Assets            $ 174.1  $ 153.1  $ 178.4  $ 166.3  $ 174.2 $      7.9 4.8%   8. Specific Reserves            $      0.9 $      1.6 $      1.3 $      0.5 $      0.4 $    (0.1)                                                                                            20
 Non-Performing Asset Reconciliation         ($ in Millions)                         Q4-'17  Q1-'18  Q2-'18  Q3-'18        1. Beginning Balance NPAs & 90+ Days Delinquent $   45.2 $  41.0 $  38.5 $  29.9          Non-Accrual       2.    Add: New Non-Accruals                  4.9     4.8     2.7     4.6       3.    Less:  To Accrual/Payoff/Renegotiated (7.3)   (4.1)   (6.3)    (2.5)       4.    Less:  To OREO                        (0.2)   (0.1)   (0.1)    (0.1)       5.    Less:  Charge-offs                    (1.0)   (1.8)   (3.7)    (1.7)       6. Increase / (Decrease):  Non-Accrual Loans (3.6)  (1.2)   (7.4)    0.3          Other Real Estate Owned (ORE)       7.    Add:  New ORE Properties               0.2     0.1     0.1     0.1       8.    Less: ORE Sold                        (1.5)   (0.7)   (0.5)    (0.2)        9.    Less: ORE Losses (write-downs)       (0.2)   (0.1)   (0.2)    (0.1)      10. Increase / (Decrease): ORE               (1.5)   (0.7)   (0.6)    (0.2)       11. Increase / (Decrease): 90+ Days Delinquent 0.5   (0.2)   (0.5)    (0.1)      12. Increase / (Decrease): Renegotiated Loans 0.4    (0.4)   (0.1)    0.4       13. Total NPAs & 90+ Days Delinquent Change  (4.2)   (2.5)   (8.6)    0.4       14. Ending Balance NPAs & 90+ Days Delinquent $   41.0 $  38.5 $  29.9 $  30.3                                                                                           21
 ALLL and Fair Value Summary    ($ in Millions)                               Q4-'17    Q1-'18   Q2-'18    Q3-'18  1. Beginning Allowance for Loan Losses (ALLL) $     73.4 $     75.0 $     76.4 $     77.5   2. Net Charge-offs (Recoveries)                   0.2       1.1       0.6      0.5  3. Provision Expense                              1.8       2.5       1.7      1.4  4. Ending Allowance for Loan Losses (ALLL)    $     75.0 $     76.4 $     77.5 $     78.4    5. ALLL/Non-Accrual Loans                      261.2%    277.9%    385.0%    383.9%  6. ALLL/Non-Purchased Loans                     1.36%     1.32%     1.28%     1.28%   7. ALLL/Loans                                  1.11%     1.11%     1.09%     1.11%   8. Fair Value Adjustment (FVA)                $     46.3 $     43.1 $     37.2 $     33.9   9. Total ALLL plus FVA                             121.3      119.5      114.7      112.3  10. Purchased Loans plus FVA                    1,304.7   1,179.8   1,059.1      979.2  11. FVA/Purchased Loans plus FVA                 3.55%     3.65%     3.51%     3.46%                                                                                         22
 Portfolio Summary       Loan portfolio remained at $7.1 Billion with an increase in CRE of $61 Million        offset by a decline in construction loans of $46 Million and owner occupied real        estate loans of $14 Million.       Total NPAs & 90+ Days remained low at 0.4% of Loans and ORE.       Classified Assets increased $7.9 Million to $174.2 Million.       Quarterly Net charge-offs were $0.5 Million, or 3 bps annualized with provision        expense of $1.4 Million.        ALLL to Total Loans of 1.11% and 1.28% to Non-Purchased Loans.  Allowance        coverage to Non-Accruals Loans at 384%.                                                                      23
 Michael C. Rechin  PRESIDENT AND CHIEF EXECUTIVE OFFICER                                                      24
 A Leading Midwest Banking Franchise Crossing $10 Billion with Strategic Entry into Michigan            Pro Forma Highlights1  Ticker:                   FRME  Headquarters:           Muncie, IN  Founded:                  1893  Banking Centers:           134  Assets:                $11.1 Billion  Loans:                 $7.8 Billion  Deposits:              $8.7 Billion                                                                                            Current First Merchants Locations                                                                                            MBTF Locations                                                                                          1Balance sheet figures as of 6/30/18 and do not                                                                                         include any merger related adjustments                                                                                                               25
 Overview of MBT Financial Corporation                   Company Highlights                                       Geographic FootprintFarmington Hills .                                                                                     Northville  Headquartered in Monroe, Michigan                                                       Plymouth Redford Highland Park                                                                                                Livonia   75 .                                                                                           Westland  Founded in 1858                                                                                   Dearborn                                                                                  Ann Arbor   275                                                                                                      Allen Park .                                                                                        94     Southgate  Operates 20 Banking Centers                                     75                                                                                    MICHIGAN           Trenton .                                                                                            Flat Rock  Balance Sheet as of June 30, 2018                                                 Milan                                                                                                   Rockwood   •  Assets: $1.3 Billion                                                                MICHIGAN                 Dundee    •  Loans: $741 Million                                      496                               Monroe    •  Deposits: $1.1 Billion (89% non-maturity)                                Blissfield     75                                                             94                                                                                   Temperance   •  Loans / Deposits: 65%     •  9.10% TCE/TA                                                 Deposit Market Share by County    •  0.91% NPAs/Assets                                                                  Market          Deposits Mkt. Share  % of  . Income Statement for the quarter ending June 30, 2018  County   Rank Branches   ($000)      (%)   Franchise   •  ROAA: 1.51%  / ROATCE: 16.59%                      Monroe, MI 1      15*    $998,139    50.1%    86.9%      •  Efficiency Ratio: 61.8%                            Wayne, MI  14      6     $150,913     0.3%    13.1%     •  Net Interest Margin: 3.63%                                                         Source: S&P Global Market Intelligence and FDIC Summary of Deposits as of June 30, 2018.   •  Cost of Interest Bearing Deposits: 0.18%           *Includes one non-banking center                                                                                                           26
 FMC Strategy and Tactics Overview   Looking Forward . . .     Manage market presence and our core banking business.  Continue organic       growth protocol.      Optimize our retail and commercial deposit strategy... products and pricing.      Build out of specialty finance businesses in sponsor finance, public finance,       asset-based lending, and loan syndications.      Finalize planning to cross $10 Billion with the acquisition of MBT Financial       Corporation.      Design integration schedule and marketing plan for Michigan entry.              “Responsive, Knowledgeable, High-Performing”                                                                   27
 Contact Information                        First Merchants Corporation common stock is                         traded on the NASDAQ Global Select Market                                under the symbol FRME.                          Additional information can be found at                             www.FIRSTMERCHANTS.COM                                 Investor inquiries:                                 Nicole M. Weaver                                 Investor Relations                               Telephone: 765.521.7619                             nweaver@firstmerchants.com                                                           28
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 Appendix –                         Non-GAAP Reconciliation CAPITAL RATIOS (dollars in thousands):                                                           3Q16        4Q16        1Q17        2Q17        3Q17        4Q17        1Q18        2Q18        3Q18 Total Risk-Based Capital Ratio Total Stockholders' Equity (GAAP)                          900,865         901,657         929,470     1,035,116     1,283,120     1,303,463     1,313,073     1,340,328     1,361,426  Adjust for Accumulated Other Comprehensive (Income) Loss 1              (3,924)            13,581               3,722              (1,384)               6,358               3,534            21,725            24,868            35,409  Less:  Preferred Stock                                              (125)                  (125)                  (125)                  (125)                  (125)                  (125)                  (125)                  (125)                  (125)  Add: Qualifying Capital Securities                            55,355            55,415            55,474            55,534            65,864            65,919            65,975            66,030            66,086  Less: Tier 1 Capital Deductions                                 (1,440)                  (376)                     (80)                  (166)                     -                     -                     -                     -                     -  Less: Disallowed Goodwill and Intangible Assets           (249,541)        (249,104)        (250,493)        (300,307)        (462,080)        (464,066)        (467,518)        (466,063)        (464,658)  Less: Disallowed Deferred Tax Assets                            (2,161)                  (564)                  (320)                  (665)                     -                     -              (2,594)              (2,104)              (1,111)       Total Tier 1 Capital (Regulatory)             $     699,029 $     720,484 $     737,648 $     788,003 $     893,137 $     908,725 $     930,536 $     962,934 $     997,027  Qualifying Subordinated Debentures                            65,000            65,000            65,000            65,000            65,000            65,000            65,000            65,000            65,000  Allowance for Loan Losses includible in Tier 2 Capital            63,456            66,037            68,225            70,471            73,354            75,032            76,420            77,543            78,406       Total Risk-Based Capital (Regulatory)         $     827,485 $     851,521 $     870,873 $     923,474 $ 1,031,491 $ 1,048,757 $ 1,071,956 $ 1,105,477 $ 1,140,433        Net Risk-Weighted Assets (Regulatory)         $ 5,836,806 $ 5,993,381 $ 6,114,112 $ 6,592,710 $ 7,497,321 $ 7,660,604 $ 7,831,727 $ 8,002,666 $ 8,001,191  Total Risk-Based Capital Ratio (Regulatory)            14.18%      14.21%      14.24%      14.01%      13.76%      13.69%      13.69%      13.81%      14.25%  Common Equity Tier 1 Capital Ratio Total Tier 1 Capital (Regulatory)                  $     699,029 $     720,484 $     737,648 $     788,003 $     893,137 $     908,725 $     930,536 $     962,934 $     997,027  Less: Qualified Capital Securities                           (55,355)           (55,415)           (55,474)           (55,534)           (65,864)           (65,919)           (65,975)           (66,030)           (66,086)  Add:  Additional Tier 1 Capital Deductions                       1,440                    376                       80                    166                     -                     -                     -                     -                     -       Common Equity Tier 1 Capital (Regulatory)     $     645,114 $     665,445 $     682,254 $     732,635 $     827,273 $     842,806 $     864,561 $     896,904 $     930,941        Net Risk-Weighted Assets (Regulatory)         $ 5,836,806 $ 5,993,381 $ 6,114,112 $ 6,592,710 $ 7,497,321 $ 7,660,604 $ 7,831,727 $ 8,002,666 $ 8,001,191  Common Equity Tier 1 Capital Ratio (Regulatory)        11.05%      11.10%      11.16%      11.11%      11.03%      11.00%      11.04%      11.21%      11.64%  1  Includes net unrealized gains or losses on securities available for sale, net gains or losses on cash flow hedges, and amounts resulting from the application of the applicable accounting   guidance for defined benefit and other postretirement plans.                                                                                                                                                            30
 Appendix –                                       Non-GAAP Reconciliation   TANGIBLE COMMON EQUITY RATIO  (dollars in thousands):                                                                                 3Q16             4Q16            1Q17             2Q17             3Q17             4Q17             1Q18            2Q18             3Q18 Total Stockholders' Equity (GAAP)                                       $     900,865    $     901,657   $     929,470    $ 1,035,116      $ 1,283,120      $ 1,303,463     $ 1,313,073      $ 1,340,328      $ 1,361,426  Less: Preferred Stock                                                                    (125)                  (125)                  (125)                  (125)                  (125)                  (125)                  (125)                  (125)                  (125)  Less: Intangible Assets                                                        (259,844)        (258,866)        (257,963)        (309,686)        (478,558)        (476,503)        (474,777)        (473,059)        (471,409)         Tangible Common Equity (non-GAAP)                                $     640,896    $     642,666   $     671,382    $     725,305    $     804,437    $     826,835    $     838,171   $     867,144    $     889,892   Total Assets (GAAP)                                                     $ 7,022,352     $ 7,211,611      $ 7,326,193      $ 7,805,029      $ 9,049,403      $ 9,367,478     $ 9,472,796      $ 9,734,715      $ 9,787,282  Less:  Intangible Assets                                                       (259,844)        (258,866)        (257,963)        (309,686)        (478,558)        (476,503)        (474,777)        (473,059)        (471,409)         Tangible Assets (non-GAAP)                                       $ 6,762,508     $ 6,952,745      $ 7,068,230      $ 7,495,343      $ 8,570,845      $ 8,890,975     $ 8,998,019      $ 9,261,656      $ 9,315,873  Tangible Common Equity Ratio (non-GAAP)                                        9.48%            9.24%            9.50%            9.68%           9.39%            9.30%            9.32%            9.36%           9.55%   TANGIBLE COMMON EQUITY PER SHARE (dollars in thousands):                                                      4Q10         4Q11         4Q12         4Q13         4Q14         4Q15        4Q16         1Q17        2Q17        3Q17         4Q17        1Q18         2Q18        3Q18 Total Stockholders' Equity (GAAP)            $        454,408 $        514,467 $       552,236 $       634,923 $       726,827 $     850,509 $     901,657 $     929,470 $ 1,035,116 $ 1,283,120 $ 1,303,463 $ 1,313,073 $ 1,340,328 $ 1,361,426  Less: Preferred Stock                                    (67,880)             (90,783)             (90,908)                    (125)                    (125)                  (125)                  (125)                  (125)                  (125)                  (125)                  (125)                  (125)                  (125)                  (125)  Less: Intangible Assets                               (154,019)          (150,471)          (149,529)          (202,767)          (218,755)        (259,764)        (258,866)        (257,963)        (309,686)        (478,558)        (476,503)        (474,777)        (473,059)        (471,409)  Tax Benefit                                                   2,907                  2,224                 2,249                 4,973                 6,085               6,278               5,930               5,659               6,941            12,510               6,788               6,043               5,690               5,351      Tangible Common Equity, Net of Tax (non-GAAP) $        235,416 $        275,437 $       314,048 $       437,004 $       514,032 $     596,898 $     648,596 $     677,041 $     732,246 $     816,947 $     833,623 $     844,214 $     872,834 $     895,243                                                                                                                                       0     Shares Outstanding                          25,574,251    28,559,707    28,692,616    35,921,761    37,669,948  40,664,258  40,912,697  41,047,543  43,153,509  49,140,594  49,158,238  49,243,096  49,280,188  49,304,542  Tangible Common Equity per Share (non-GAAP)  $                 9.21 $                 9.64 $             10.95 $             12.17 $             13.65 $           14.68 $           15.85 $           16.49 $           16.97 $           16.62 $           16.96 $           17.14 $           17.71 $           18.16                                                                                                                                                                                                                           31
 Appendix –                          Non-GAAP Reconciliation  EFFICIENCY RATIO (dollars in thousands):                                                              2016        2017        1Q18         2Q18       3Q18 Non Interest Expense (GAAP)                            $       177,359 $    205,556 $          53,687 $          53,504 $       55,022  Less:  Intangible Asset Amortization                                 (3,910)            (5,647)                (1,726)                (1,718)            (1,650)  Less:  OREO and Foreclosure Expenses                                 (2,877)            (1,903)                    (402)                    (362)                 (455)  Adjusted Non Interest Expense (non-GAAP)                         170,572        198,006              51,559              51,424           52,917   Net Interest Income (GAAP)                                       226,473        277,284              79,916              84,571           86,486  Plus:  Fully Taxable Equivalent Adjustment                          13,541           17,270                 2,584                 2,625              2,726  Net Interest Income on a Fully Taxable Equivalent Basis (non-GAAP)          240,014        294,554              82,500              87,196           89,212  Non Interest Income (GAAP)                                          65,203           71,009              19,561              18,191           19,527  Less:  Investment Securities Gains (Losses)                          (3,389)            (2,631)                (1,609)                (1,122)            (1,285)  Adjusted Non Interest Income (non-GAAP)                             61,814           68,378              17,952              17,069           18,242  Adjusted Revenue (non-GAAP)                                      301,828        362,932           100,452           104,265        107,454  Efficiency Ratio (non-GAAP)                                56.51%      54.56%      51.33%       49.32%      49.25%  FORWARD DIVIDEND YIELD                                                                     3Q18 Most recent quarter's dividend per share                      $             0.22  Most recent quarter's dividend per share - Annualized         $             0.88   Stock Price at 9/30/18                                        $          44.99     Forward Dividend Yield                                          1.96%   DIVIDEND PAYOUT RATIO                                                                  2018 YTD Dividends per share                                           $             0.62  Earnings Per Share                                            $             2.37     Dividend Payout Ratio                                           26.2%                                                                                                                                                            32
 Appendix –                                Non-GAAP Reconciliation  CONSTRUCTION AND INVESTMENT REAL ESTATE CONCENTRATIONS (dollars in thousands):                                                                    2016             2017            1Q18             2Q18             3Q18  Total Risk-Based Capital (Subsidiary Bank Only)  Total Stockholders' Equity (GAAP)                      $                973,641 $            1,404,303 $            1,414,109 $            1,432,722 $            1,436,173   Adjust for Accumulated Other Comprehensive (Income) Loss  1                          9,701                               763                       19,231                       22,589                       33,302   Less:  Preferred Stock                                                             (125)                             (125)                             (125)                             (125)                             (125)   Less: Tier 1 Capital Deductions                                                       -                                -                                -                                -                                -   Less: Disallowed Goodwill and Intangible Assets                          (248,656)                   (463,618)                   (467,070)                   (465,616)                   (464,210)   Less: Disallowed Deferred Tax Assets                                                  -                                -                         (2,234)                         (1,862)                             (965)        Total Tier 1 Capital (Regulatory)                                    734,561                    941,323                    963,911                    987,708                1,004,175   Allowance for Loan Losses includible in Tier 2 Capital                       66,037                       75,032                       76,420                       77,543                       78,406        Total Risk-Based Capital (Regulatory)             $                800,598 $            1,016,355 $            1,040,331 $            1,065,251 $            1,082,581    Construction, Land and Land Development Loans          $                418,703 $                612,219 $                590,093 $                714,866 $                668,608   Concentration as a % of the Bank's Risk-Based Capital              52%             60%              57%              67%              62%  Construction, Land and Land Development Loans          $                418,703 $                612,219 $                590,093 $                714,866 $                668,608   Investment Real Estate Loans                                          1,272,415                1,617,943                1,760,226                1,699,962                1,760,714   Total Construction and Investment RE Loans             $            1,691,118 $            2,230,162 $            2,350,319 $            2,414,828 $            2,429,322   Concentration as a % of the Bank's Risk-Based Capital            211%             219%             226%             227%             224%  1  Includes net unrealized gains or losses on securities available for sale, net gains or losses on cash flow hedges, and amounts resulting    from the application of the applicable accounting guidance for defined benefit and other postretirement plans.  ALLOWANCE AS A PERCENTAGE OF NON-PURCHASED LOANS (dollars in thousands):                                                                            4Q17          1Q18          2Q18          3Q18   Loans Held for Sale (GAAP)                                             $            7,216 $            4,469 $            2,046 $            3,022  Loans (GAAP)                                                               6,751,199     6,901,696     7,081,059     7,088,071        Total Loans                                                           6,758,415     6,906,165     7,083,105     7,091,093   Less: Purchased Loans                                                     (1,258,386)    (1,136,711)    (1,022,160)        (945,330)        Non-Purchased Loans (non-GAAP)                                    $ 5,500,029   $ 5,769,454   $ 6,060,945   $ 6,145,763    Allowance for Loan Losses (GAAP)                                       $         75,032 $         76,420 $         77,543 $         78,406  Fair Value Adjustment (FVA) (GAAP)                                                 46,304             43,121             37,221             33,905       Allowance plus FVA (non-GAAP)                                     $      121,336 $      119,541 $      114,764 $      112,311  Purchased Loans (GAAP)                                                 $ 1,258,386   $ 1,136,711   $ 1,022,160   $      945,330  Fair Value Adjustment (FVA) (GAAP)                                                 46,304             43,121             37,221             33,905       Purchased Loans plus FVA (non-GAAP)                               $ 1,304,690   $ 1,179,832   $ 1,059,381   $      979,235   Allowance as a Percentage of Non-Purchased Loans (non-GAAP)                  1.36%         1.32%         1.28%         1.28%  FVA as a Percentage of Purchased Loans plus FVA (non-GAAP)                   3.55%         3.65%         3.51%         3.46%                                                                                                                                                                                   33