First Merchants Corporation (FRME)

First Merchants Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	84.72	112.65	122.59	167.15	192.9	177.2
Investment Securities	3,006	3,083	3,106	3,581	2,466	1,428
Trading Asset Securities	62.27	79.38	93.04	41.13	74.34	27.86
Mortgage-Backed Securities	1,130	1,165	1,284	1,417	1,073	1,286
Total Investments	4,198	4,327	4,483	5,040	3,613	2,742
Gross Loans	12,647	12,486	12,004	9,242	9,243	8,459
Allowance for Loan Losses	-187.83	-204.93	-223.28	-195.4	-130.65	-80.28
Net Loans	12,459	12,281	11,781	9,046	9,113	8,379
Property, Plant & Equipment	129.58	152.81	140.74	123.47	129.31	133.8
Goodwill	712	712	712	545.39	543.92	543.92
Other Intangible Assets	21.6	27.1	35.84	25.48	28.98	34.96
Loans Held for Sale	40.65	18.93	9.09	11.19	3.97	9.04
Accrued Interest Receivable	92.06	97.66	85.07	57.19	53.95	48.9
Other Receivables	86.73	15.13	1.77	11.32	7.99	3.88
Other Current Assets	-	-	-	4.5	-	-
Long-Term Deferred Tax Assets	-	84.75	109.46	24.32	4.35	8.28
Other Real Estate Owned & Foreclosed	5.25	4.83	6.43	0.56	0.94	7.53
Other Long-Term Assets	475.97	530.33	477.18	367.76	346.23	339.8
Total Assets	18,348	18,406	18,002	15,453	14,067	12,457
Interest Bearing Deposits	12,319	10,912	10,467	9,750	8,717	7,367
Institutional Deposits	-	1,409	742.54	273.38	346.19	736.84
Non-Interest Bearing Deposits	2,334	2,500	3,173	2,710	2,298	1,736
Total Deposits	14,654	14,821	14,383	12,733	11,362	9,840
Short-Term Borrowings	91.39	79.01	264.33	41.97	76.35	84.3
Current Portion of Long-Term Debt	167.22	217.28	167.41	181.58	177.1	187.95
Current Portion of Leases	-	5.58	25.32	-	-	-
Accrued Interest Payable	18.09	18.91	7.53	2.76	3.29	6.75
Long-Term Debt	92.23	158.64	151.3	118.62	118.38	138.69
Federal Home Loan Bank Debt, Long-Term	791.64	652.85	823.67	334.06	389.43	351.07
Long-Term Leases	-	16.75	-	19.62	20.06	21.42
Other Long-Term Liabilities	231.04	187.69	145.12	109.4	45.35	40.68
Total Liabilities	16,045	16,158	15,967	13,541	12,192	10,671
Preferred Stock, Non-Redeemable	25.13	25.13	25.13	0.13	0.13	0.13
Total Preferred Equity	25.13	25.13	25.13	0.13	0.13	0.13
Common Stock	7.27	7.43	7.4	6.68	6.74	6.92
Additional Paid-In Capital	1,193	1,237	1,229	985.82	1,005	1,055
Retained Earnings	1,229	1,155	1,013	864.84	788.58	696.52
Comprehensive Income & Other	-151.83	-175.97	-239.15	55.11	74.84	27.87
Total Common Equity	2,277	2,223	2,010	1,912	1,876	1,786
Shareholders' Equity	2,302	2,248	2,035	1,913	1,876	1,786
Total Liabilities & Equity	18,348	18,406	18,002	15,453	14,067	12,457
Total Debt	1,142	1,130	1,432	695.84	781.32	783.42
Net Cash (Debt)	-636.36	-502.01	-1,090	-13.4	-121.79	-460.1
Net Cash Per Share	-10.81	-8.44	-18.82	-0.25	-2.25	-8.92
Filing Date Shares Outstanding	58.67	59.34	59.64	53.82	54.35	55.16
Total Common Shares Outstanding	58.12	59.42	59.17	53.41	53.92	55.37
Book Value Per Share	39.18	37.40	33.96	35.81	34.78	32.26
Tangible Book Value	1,544	1,483	1,262	1,342	1,303	1,207
Tangible Book Value Per Share	26.56	24.96	21.32	25.12	24.16	21.81

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