The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income | 28,156 | 57,065 | 168,936 |
| Provision for credit losses | 4,900 | 7,150 | 14,100 |
| Depreciation and amortization | 8,995 | 5,705 | 23,718 |
| Change in deferred taxes | 3,978 | 4,314 | -2,095 |
| Share-based compensation | 1,683 | 2,417 | 4,916 |
| Loans originated for sale | 153,477 | 142,305 | 358,898 |
| Proceeds from sales of loans held for sale | 163,381 | 149,507 | 366,363 |
| Gains on sales of loans held for sale | 4,768 | 4,091 | 11,992 |
| Net gain on divestiture | - | 0 | - |
| Loss on mortgage loans reclassified to held for sale | -29,755 | - | - |
| Net losses on sales of securities available for sale | 0 | 0 | -8 |
| Increase in cash surrender value of life insurance | 2,112 | 1,854 | 4,667 |
| Gains on life insurance benefits | 1,334 | 0 | 1,092 |
| Change in income tax receivable | -17,356 | - | - |
| Change in interest receivable | -7,350 | 4,272 | -2,727 |
| Change in interest payable | -5,275 | -5 | 2,138 |
| Operating lease right-of-use abandonment | - | 0 | - |
| Other adjustments | 5,285 | -7,081 | 1,228 |
| Net cash provided by operating activities | 58,591 | 80,712 | 202,934 |
| Net change in interest-bearing deposits | 75,019 | -27,594 | 130,185 |
| Purchase of securities available for sale | 1,070 | 9,125 | 10,609 |
| Securities held to maturity | - | 0 | - |
| Proceeds from sales of securities available for sale | 251,341 | 0 | 0 |
| Securities available for sale | 10,757 | 17,584 | 47,991 |
| Securities held to maturity | 33,221 | 23,103 | 76,183 |
| Purchases of federal home loan bank stock | 0 | 0 | 5,644 |
| Redemptions of federal home loan bank stock | 40 | 19 | 70 |
| Redemptions of federal reserve bank stock | 1,862 | - | - |
| Payment of capital calls to qualified affordable housing investments | 13,135 | 13,043 | 34,969 |
| Net change in loans | -10,653 | 284,334 | 681,224 |
| Net cash and cash equivalents paid in divestiture of branches | - | 0 | - |
| Net cash and cash equivalents paid in acquisition | 7 | - | - |
| Proceeds from the sale of other real estate owned | 728 | 1,259 | 6,072 |
| Proceeds from life insurance benefits | 4,272 | -1 | 4,082 |
| Proceeds from portfolio loan sale-Mortgage Loan | - | 0 | 0 |
| Proceeds from portfolio loan sale-Commercial Loan | - | 0 | 0 |
| Other adjustments | 5,608 | 8,625 | 5,203 |
| Net cash provided (used) by investing activities | 368,073 | -300,757 | -473,066 |
| Demand and savings deposits | -293,180 | 441,853 | 307,586 |
| Certificates of deposit and other time deposits | -206,188 | -16,977 | 40,767 |
| Proceeds from borrowings | 280,067 | 61 | 854,091 |
| Repayment of borrowings | 146,447 | 177,981 | 834,422 |
| Cash dividends on preferred stock | 469 | 469 | 1,406 |
| Cash dividends on common stock | 22,820 | 20,820 | 62,092 |
| Stock issued under employee benefit plans | 170 | 148 | 480 |
| Stock issued under dividend reinvestment and stock purchase plans | 578 | 599 | 1,737 |
| Stock options exercised | 465 | 124 | 330 |
| Repurchase of common stock | 24,915 | 10,414 | 36,476 |
| Net cash provided (used) by financing activities | -412,739 | 216,124 | 270,595 |
| Net change in cash and cash equivalents | 13,925 | -3,921 | 463 |
| Cash and cash equivalents, january 1 | 84,158 | -463 | 87,616 |
| Cash and cash equivalents, march 31 | 98,083 | -3,921 | 88,079 |
FIRST MERCHANTS CORP (FRMEP)
FIRST MERCHANTS CORP (FRMEP)