| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Taxable | 200,406 | 195,173 | 187,728 | 206,680 |
| Tax exempt | 11,173 | 10,805 | 10,532 | 8,622 |
| Taxable | 8,288 | 8,266 | 8,372 | 9,263 |
| Tax exempt | 12,460 | 12,516 | 12,517 | 13,509 |
| Deposits with financial institutions | 1,676 | 1,892 | 2,372 | 2,154 |
| Federal home loan bank stock | 1,092 | 1,083 | 997 | 855 |
| Total interest income | 235,095 | 229,735 | 222,518 | 241,083 |
| Deposits | 90,821 | 84,241 | 80,547 | 98,856 |
| Federal funds purchased | 224 | 965 | 812 | 329 |
| Securities sold under repurchase agreements | 654 | 663 | 742 | 700 |
| Federal home loan bank advances | 8,638 | 9,714 | 9,364 | 8,544 |
| Subordinated debentures and other borrowings | 1,093 | 1,138 | 783 | 1,544 |
| Total interest expense | 101,430 | 96,721 | 92,248 | 109,973 |
| Net interest income | 133,665 | 133,014 | 130,270 | 131,110 |
| Provision for credit losses | 4,300 | 5,600 | 4,200 | 5,000 |
| Other income-Derivative Hedging | - | 831 | - | - |
| Net interest income after provision for credit losses | 129,365 | 127,414 | 126,070 | 126,110 |
| Other income-Financial Service Other | - | 401 | - | - |
| Other income-Deposit Account | 8,921 | 8,566 | - | - |
| Other income-Fiduciary And Trust | 8,842 | 8,831 | - | - |
| Gains on life insurance benefits | - | - | - | 1,490 |
| Other income-Credit Card | 5,007 | 4,932 | - | - |
| Net gains and fees on sales of loans | 4,983 | 5,849 | 5,022 | 6,764 |
| Other income-Derivative Hedging | 1,097 | - | - | - |
| Other income-Financial Service Other | 414 | - | - | - |
| Other income | - | - | 22,061 | 22,007 |
| Earnings on bank-owned life insurance | 1,667 | 1,913 | 2,179 | 1,265 |
| Net realized losses on sales of available for sale securities | 0 | -1 | -7 | -9,114 |
| Other income | 1,546 | -19 | 793 | 1,374 |
| Total noninterest income | 32,477 | 31,303 | 30,048 | 24,866 |
| Salaries and employee benefits | 57,317 | 54,527 | 54,982 | 55,223 |
| Net occupancy | 7,057 | 6,845 | 7,216 | 6,994 |
| Equipment | 6,998 | 6,927 | 7,008 | 6,949 |
| Marketing | 2,120 | 1,997 | 1,353 | 1,836 |
| Outside data processing fees | 6,943 | 7,107 | 5,929 | 7,150 |
| Printing and office supplies | 311 | 272 | 347 | 378 |
| Intangible asset amortization | 1,499 | 1,505 | 1,526 | 1,772 |
| Fdic assessments | 3,526 | 3,552 | 3,648 | 3,720 |
| Other real estate owned and foreclosure expenses | 121 | 29 | 600 | 942 |
| Professional and other outside services | 3,718 | 3,741 | 3,261 | 3,035 |
| Other expenses | 6,951 | 7,096 | 7,032 | 6,630 |
| Total noninterest expenses | 96,561 | 93,598 | 92,902 | 94,629 |
| Income before income tax | 65,281 | 65,119 | 63,216 | 56,347 |
| Income tax expense | 8,516 | 8,287 | 7,877 | 7,160 |
| Net income | 56,765 | 56,832 | 55,339 | 49,187 |
| Preferred stock dividends | 468 | 469 | 469 | 468 |
| Net income available to common stockholders | 56,297 | 56,363 | 54,870 | 48,719 |
| Average diluted common shares outstanding (in shares) | 57,448,000 | 57,772,580 | 58,242,000 | 58,289,000 |
| Basic net income available to common stockholders (in dollars per share) | 0.98 | 0.98 | 0.95 | 0.84 |
| Diluted net income available to common stockholders (in dollars per share) | 0.98 | 0.98 | 0.94 | 0.84 |
| Net income available to common stockholders (in shares) | 57,186,148 | 57,501,593 | 57,969,053 | 58,074,361 |
FIRST MERCHANTS CORP (FRME)
FIRST MERCHANTS CORP (FRME)