First Merchants Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	86.67	84.16	87.62	112.65	122.59	167.15
Investment Securities	3,082	2,756	2,854	3,197	3,106	3,581
Trading Asset Securities	49.56	48.47	77.13	79.38	93.04	41.13
Mortgage-Backed Securities	946.65	997	1,073	1,165	1,284	1,417
Total Investments	4,078	3,802	4,004	4,441	4,483	5,040
Gross Loans	15,531	13,792	12,854	12,486	12,004	9,242
Allowance for Loan Losses	-241.62	-195.6	-192.76	-204.93	-223.28	-195.4
Net Loans	15,289	13,596	12,662	12,281	11,781	9,046
Property, Plant & Equipment	148.16	138.48	150.83	152.81	140.74	123.47
Goodwill	788.19	712	712	712	712	545.39
Other Intangible Assets	38.97	13.8	19.83	27.1	35.84	25.48
Loans Held for Sale	77.88	20.08	18.66	18.93	9.09	11.19
Accrued Interest Receivable	101.93	93.37	91.83	97.66	85.07	57.19
Other Receivables	113.98	11.42	6.5	15.13	1.77	11.32
Other Current Assets	-	-	-	-	-	4.5
Long-Term Deferred Tax Assets	-	67.24	85.89	84.75	109.46	24.32
Other Real Estate Owned & Foreclosed	1.56	0.66	4.95	4.83	6.43	0.56
Other Long-Term Assets	553.67	438.74	426.17	415.82	477.18	367.76
Total Assets	21,349	19,025	18,312	18,406	18,002	15,453

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Bearing Deposits	12,922	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	3,832	2,137	2,326	2,500	3,173	2,710
Total Deposits	16,753	15,295	14,522	14,821	14,383	12,733
Short-Term Borrowings	152.1	191.74	318.67	236.29	264.33	41.97
Current Portion of Long-Term Debt	681.09	76.1	96.16	61.18	167.41	181.58
Current Portion of Leases	-	4.94	-	-	25.32	-
Accrued Interest Payable	17.49	18.24	16.1	18.91	7.53	2.76
Long-Term Debt	85.37	56.54	92.37	157.47	151.3	118.62
Federal Home Loan Bank Debt, Long-Term	733.96	723.55	727.55	652.85	823.67	334.06
Long-Term Leases	-	14.18	23.87	22.34	-	19.62
Other Long-Term Liabilities	228.21	178.31	210.63	187.69	145.12	109.4
Total Liabilities	18,652	16,558	16,007	16,158	15,967	13,541

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Preferred Stock, Non-Redeemable	25.13	25.13	25.13	25.13	25.13	0.13
Total Preferred Equity	25.13	25.13	25.13	25.13	25.13	0.13
Common Stock	7.78	7.12	7.25	7.43	7.4	6.68
Additional Paid-In Capital	1,359	1,151	1,189	1,237	1,229	985.82
Retained Earnings	1,439	1,414	1,273	1,155	1,013	864.84
Comprehensive Income & Other	-133.59	-130.14	-188.69	-175.97	-239.15	55.11
Total Common Equity	2,672	2,442	2,280	2,223	2,010	1,912
Shareholders' Equity	2,697	2,467	2,305	2,248	2,035	1,913
Total Liabilities & Equity	21,349	19,025	18,312	18,406	18,002	15,453

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	1,653	1,067	1,259	1,130	1,432	695.84
Net Cash (Debt)	-986.85	-738.11	-794.99	-502.01	-1,090	-13.4
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-16.55	-12.79	-13.58	-8.44	-18.82	-0.25
Filing Date Shares Outstanding	62.8	63.39	58.54	59.34	59.64	53.82
Total Common Shares Outstanding	62.21	56.95	57.97	59.42	59.17	53.41
Book Value Per Share	42.96	42.87	39.33	37.40	33.96	35.81
Tangible Book Value	1,845	1,716	1,548	1,483	1,262	1,342
Tangible Book Value Per Share	29.66	30.13	26.70	24.96	21.32	25.12

SEC Filings: 10-K · 10-Q