For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | |||
|---|---|---|---|---|
| Other income-Deposit Account | 34,263 | |||
| Other income-Fiduciary And Trust | 35,492 | |||
| Other income-Credit Card | 19,790 | |||
| Other income-Derivative Hedging | 3,385 | |||
| Other income-Financial Service Other | 1,545 | |||
| Net gains and fees on sales of loans | 21,275 | |||
| Earnings on bank-owned life insurance | 7,613 | |||
| Net realized losses on sales of available for sale securities | -8 | |||
| Gain on branch sale | 0 | |||
| Other income | 3,579 | |||
| Total noninterest income | 126,934 | |||
| Taxable | 786,427 | |||
| Tax-exempt | 43,415 | |||
| Taxable | 32,662 | |||
| Tax-exempt | 49,952 | |||
| Deposits with financial institutions | 8,127 | |||
| Federal home loan bank stock | 4,209 | |||
| Total interest income | 924,792 | |||
| Deposits | 344,279 | |||
| Federal funds purchased | 2,219 | |||
| Securities sold under repurchase agreements | 2,464 | |||
| Federal home loan bank advances | 35,763 | |||
| Subordinated debentures and other borrowings | 4,054 | |||
| Total interest expense | 388,779 | |||
| Net interest income | 536,013 | |||
| Provision for credit losses | 21,250 | |||
| Net interest income after provision for credit losses | 514,763 | |||
| Salaries and employee benefits | 225,080 | |||
| Net occupancy | 28,401 | |||
| Equipment | 28,614 | |||
| Marketing | 7,794 | |||
| Outside data processing fees | 27,488 | |||
| Printing and office supplies | 1,380 | |||
| Intangible asset amortization | 6,028 | |||
| Fdic assessments | 13,410 | |||
| Other real estate owned and foreclosure expenses | 1,525 | |||
| Professional and other outside services | 14,494 | |||
| Other expenses | 28,369 | |||
| Total noninterest expense | 382,583 | |||
| Income before income taxes | 259,114 | |||
| Income tax expense | 33,113 | |||
| Net income | 226,001 | |||
| Preferred stock dividends | 1,875 | |||
| Net income available to common stockholders | 224,126 | |||
| Basic EPS | 3.9 | |||
| Diluted EPS | 3.88 | |||
| Basic Average Shares | 57,456,772 | |||
| Diluted Average Shares | 57,726,000 | |||
FIRST MERCHANTS CORP (FRMEP)
FIRST MERCHANTS CORP (FRMEP)