First Merchants Corporation (FRME)

First Merchants Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	87.62	112.65	122.59	167.15	192.9
Investment Securities	3,760	3,083	3,106	3,581	2,466
Trading Asset Securities	-	79.38	93.04	41.13	74.34
Mortgage-Backed Securities	-	1,165	1,284	1,417	1,073
Total Investments	3,760	4,327	4,483	5,040	3,613
Gross Loans	12,854	12,486	12,004	9,242	9,243
Allowance for Loan Losses	-192.76	-204.93	-223.28	-195.4	-130.65
Net Loans	12,662	12,281	11,781	9,046	9,113
Property, Plant & Equipment	129.74	152.81	140.74	123.47	129.31
Goodwill	-	712	712	545.39	543.92
Other Intangible Assets	731.83	27.1	35.84	25.48	28.98
Loans Held for Sale	18.66	18.93	9.09	11.19	3.97
Accrued Interest Receivable	91.83	97.66	85.07	57.19	53.95
Other Receivables	92.39	15.13	1.77	11.32	7.99
Other Current Assets	-	-	-	4.5	-
Long-Term Deferred Tax Assets	-	84.75	109.46	24.32	4.35
Other Real Estate Owned & Foreclosed	4.95	4.83	6.43	0.56	0.94
Other Long-Term Assets	692.08	530.33	477.18	367.76	346.23
Total Assets	18,312	18,406	18,002	15,453	14,067
Interest Bearing Deposits	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	2,326	2,500	3,173	2,710	2,298
Total Deposits	14,522	14,821	14,383	12,733	11,362
Short-Term Borrowings	99.23	79.01	264.33	41.97	76.35
Current Portion of Long-Term Debt	142.88	217.28	167.41	181.58	177.1
Current Portion of Leases	-	5.58	25.32	-	-
Accrued Interest Payable	16.1	18.91	7.53	2.76	3.29
Long-Term Debt	93.53	158.64	151.3	118.62	118.38
Federal Home Loan Bank Debt, Long-Term	822.55	652.85	823.67	334.06	389.43
Long-Term Leases	-	16.75	-	19.62	20.06
Other Long-Term Liabilities	311.07	187.69	145.12	109.4	45.35
Total Liabilities	16,007	16,158	15,967	13,541	12,192
Preferred Stock, Non-Redeemable	25.13	25.13	25.13	0.13	0.13
Total Preferred Equity	25.13	25.13	25.13	0.13	0.13
Common Stock	7.25	7.43	7.4	6.68	6.74
Additional Paid-In Capital	1,189	1,237	1,229	985.82	1,005
Retained Earnings	1,273	1,155	1,013	864.84	788.58
Comprehensive Income & Other	-188.69	-175.97	-239.15	55.11	74.84
Total Common Equity	2,280	2,223	2,010	1,912	1,876
Shareholders' Equity	2,305	2,248	2,035	1,913	1,876
Total Liabilities & Equity	18,312	18,406	18,002	15,453	14,067
Total Debt	1,158	1,130	1,432	695.84	781.32
Net Cash (Debt)	-771.68	-502.01	-1,090	-13.4	-121.79
Net Cash Per Share	-13.18	-8.44	-18.82	-0.25	-2.25
Filing Date Shares Outstanding	57.97	59.34	59.64	53.82	54.35
Total Common Shares Outstanding	57.97	59.42	59.17	53.41	53.92
Book Value Per Share	39.33	37.40	33.96	35.81	34.78
Tangible Book Value	1,548	1,483	1,262	1,342	1,303
Tangible Book Value Per Share	26.70	24.96	21.32	25.12	24.16

Source: S&P Capital IQ. Banks template. Financial Sources.