First Merchants Corporation (FRME)

First Merchants Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	81.57	87.62	112.65	122.59	167.15	192.9
Investment Securities	2,745	2,854	3,197	3,106	3,581	2,466
Trading Asset Securities	57.56	77.13	79.38	93.04	41.13	74.34
Mortgage-Backed Securities	1,039	1,073	1,165	1,284	1,417	1,073
Total Investments	3,841	4,004	4,441	4,483	5,040	3,613
Gross Loans	13,297	12,854	12,486	12,004	9,242	9,243
Allowance for Loan Losses	-195.32	-192.76	-204.93	-223.28	-195.4	-130.65
Net Loans	13,101	12,662	12,281	11,781	9,046	9,113
Property, Plant & Equipment	122.81	150.83	152.81	140.74	123.47	129.31
Goodwill	712	712	712	712	545.39	543.92
Other Intangible Assets	16.8	19.83	27.1	35.84	25.48	28.98
Loans Held for Sale	28.78	18.66	18.93	9.09	11.19	3.97
Accrued Interest Receivable	93.26	91.83	97.66	85.07	57.19	53.95
Other Receivables	97.75	6.5	15.13	1.77	11.32	7.99
Other Current Assets	-	-	-	-	4.5	-
Long-Term Deferred Tax Assets	-	85.89	84.75	109.46	24.32	4.35
Other Real Estate Owned & Foreclosed	0.18	4.95	4.83	6.43	0.56	0.94
Other Long-Term Assets	449.48	426.17	415.82	477.18	367.76	346.23
Total Assets	18,593	18,312	18,406	18,002	15,453	14,067
Interest Bearing Deposits	12,600	11,153	10,912	10,467	9,750	8,717
Institutional Deposits	-	1,043	1,409	742.54	273.38	346.19
Non-Interest Bearing Deposits	2,197	2,326	2,500	3,173	2,710	2,298
Total Deposits	14,798	14,522	14,821	14,383	12,733	11,362
Short-Term Borrowings	141.55	175.79	79.01	264.33	41.97	76.35
Current Portion of Long-Term Debt	216.06	239.03	218.46	167.41	181.58	177.1
Current Portion of Leases	-	6.18	-	25.32	-	-
Accrued Interest Payable	16.17	16.1	18.91	7.53	2.76	3.29
Long-Term Debt	61.32	92.37	157.47	151.3	118.62	118.38
Federal Home Loan Bank Debt, Long-Term	798.7	727.55	652.85	823.67	334.06	389.43
Long-Term Leases	-	17.69	22.34	-	19.62	20.06
Other Long-Term Liabilities	213.44	210.63	187.69	145.12	109.4	45.35
Total Liabilities	16,245	16,007	16,158	15,967	13,541	12,192
Preferred Stock, Non-Redeemable	25.13	25.13	25.13	25.13	0.13	0.13
Total Preferred Equity	25.13	25.13	25.13	25.13	0.13	0.13
Common Stock	7.16	7.25	7.43	7.4	6.68	6.74
Additional Paid-In Capital	1,163	1,189	1,237	1,229	985.82	1,005
Retained Earnings	1,342	1,273	1,155	1,013	864.84	788.58
Comprehensive Income & Other	-189.98	-188.69	-175.97	-239.15	55.11	74.84
Total Common Equity	2,323	2,280	2,223	2,010	1,912	1,876
Shareholders' Equity	2,348	2,305	2,248	2,035	1,913	1,876
Total Liabilities & Equity	18,593	18,312	18,406	18,002	15,453	14,067
Total Debt	1,218	1,259	1,130	1,432	695.84	781.32
Net Cash (Debt)	-855.16	-794.99	-502.01	-1,090	-13.4	-121.79
Net Cash Per Share	-14.71	-13.58	-8.44	-18.82	-0.25	-2.25
Filing Date Shares Outstanding	57.73	58.54	59.34	59.64	53.82	54.35
Total Common Shares Outstanding	57.27	57.97	59.42	59.17	53.41	53.92
Book Value Per Share	40.56	39.33	37.40	33.96	35.81	34.78
Tangible Book Value	1,594	1,548	1,483	1,262	1,342	1,303
Tangible Book Value Per Share	27.83	26.70	24.96	21.32	25.12	24.16

Updated May 1, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q