First Merchants Corporation (FRME)

First Merchants Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	84.16	87.62	112.65	122.59	167.15
Investment Securities	3,575	2,854	3,197	3,106	3,581
Trading Asset Securities	-	77.13	79.38	93.04	41.13
Mortgage-Backed Securities	-	1,073	1,165	1,284	1,417
Total Investments	3,575	4,004	4,441	4,483	5,040
Gross Loans	13,792	12,854	12,486	12,004	9,242
Allowance for Loan Losses	-195.6	-192.76	-204.93	-223.28	-195.4
Net Loans	13,596	12,662	12,281	11,781	9,046
Property, Plant & Equipment	121.06	150.83	152.81	140.74	123.47
Goodwill	712	712	712	712	545.39
Other Intangible Assets	13.8	19.83	27.1	35.84	25.48
Loans Held for Sale	20.08	18.66	18.93	9.09	11.19
Accrued Interest Receivable	93.37	91.83	97.66	85.07	57.19
Other Receivables	78.66	6.5	15.13	1.77	11.32
Other Current Assets	-	-	-	-	4.5
Long-Term Deferred Tax Assets	-	85.89	84.75	109.46	24.32
Other Real Estate Owned & Foreclosed	0.66	4.95	4.83	6.43	0.56
Other Long-Term Assets	683.01	426.17	415.82	477.18	367.76
Total Assets	19,025	18,312	18,406	18,002	15,453
Interest Bearing Deposits	12,242	11,153	10,912	10,467	9,750
Institutional Deposits	915.29	1,043	1,409	742.54	273.38
Non-Interest Bearing Deposits	2,137	2,326	2,500	3,173	2,710
Total Deposits	15,295	14,522	14,821	14,383	12,733
Short-Term Borrowings	143.76	318.67	236.29	264.33	41.97
Current Portion of Long-Term Debt	-	96.16	61.18	167.41	181.58
Current Portion of Leases	-	6.18	-	25.32	-
Accrued Interest Payable	18.24	16.1	18.91	7.53	2.76
Long-Term Debt	57.63	92.37	157.47	151.3	118.62
Federal Home Loan Bank Debt, Long-Term	798.55	727.55	652.85	823.67	334.06
Long-Term Leases	-	17.69	22.34	-	19.62
Other Long-Term Liabilities	245.41	210.63	187.69	145.12	109.4
Total Liabilities	16,558	16,007	16,158	15,967	13,541
Preferred Stock, Non-Redeemable	25.13	25.13	25.13	25.13	0.13
Total Preferred Equity	25.13	25.13	25.13	25.13	0.13
Common Stock	7.12	7.25	7.43	7.4	6.68
Additional Paid-In Capital	1,151	1,189	1,237	1,229	985.82
Retained Earnings	1,414	1,273	1,155	1,013	864.84
Comprehensive Income & Other	-130.14	-188.69	-175.97	-239.15	55.11
Total Common Equity	2,442	2,280	2,223	2,010	1,912
Shareholders' Equity	2,467	2,305	2,248	2,035	1,913
Total Liabilities & Equity	19,025	18,312	18,406	18,002	15,453
Total Debt	999.93	1,259	1,130	1,432	695.84
Net Cash (Debt)	-719.48	-794.99	-502.01	-1,090	-13.4
Net Cash Per Share	-12.46	-13.58	-8.44	-18.82	-0.25
Filing Date Shares Outstanding	56.95	58.54	59.34	59.64	53.82
Total Common Shares Outstanding	56.95	57.97	59.42	59.17	53.41
Book Value Per Share	42.87	39.33	37.40	33.96	35.81
Tangible Book Value	1,716	1,548	1,483	1,262	1,342
Tangible Book Value Per Share	30.13	26.70	24.96	21.32	25.12

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q