First Merchants Corporation (FRME)

First Merchants Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	86.59	84.16	87.62	112.65	122.59	167.15
Investment Securities	3,387	2,756	2,854	3,197	3,106	3,581
Trading Asset Securities	-	48.47	77.13	79.38	93.04	41.13
Mortgage-Backed Securities	-	997	1,073	1,165	1,284	1,417
Total Investments	3,387	3,802	4,004	4,441	4,483	5,040
Gross Loans	15,601	13,792	12,854	12,486	12,004	9,242
Allowance for Loan Losses	-215.53	-195.6	-192.76	-204.93	-223.28	-195.4
Net Loans	15,385	13,596	12,662	12,281	11,781	9,046
Property, Plant & Equipment	145.03	138.48	150.83	152.81	140.74	123.47
Goodwill	788.19	712	712	712	712	545.39
Other Intangible Assets	36.32	13.8	19.83	27.1	35.84	25.48
Loans Held for Sale	87.3	20.08	18.66	18.93	9.09	11.19
Accrued Interest Receivable	99.28	93.37	91.83	97.66	85.07	57.19
Other Receivables	136.26	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	1.61	0.66	4.95	4.83	6.43	0.56
Other Long-Term Assets	832.91	438.74	426.17	415.82	477.18	367.76
Total Assets	21,057	19,025	18,312	18,406	18,002	15,453

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Bearing Deposits	13,176	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	3,753	2,137	2,326	2,500	3,173	2,710
Total Deposits	16,929	15,295	14,522	14,821	14,383	12,733
Short-Term Borrowings	99.64	191.74	318.67	236.29	264.33	41.97
Current Portion of Long-Term Debt	-	76.1	96.16	61.18	167.41	181.58
Current Portion of Leases	-	4.94	-	-	25.32	-
Accrued Interest Payable	17.1	18.24	16.1	18.91	7.53	2.76
Long-Term Debt	184.51	56.54	92.37	157.47	151.3	118.62
Federal Home Loan Bank Debt, Long-Term	903.94	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	286.23	178.31	210.63	187.69	145.12	109.4
Total Liabilities	18,420	16,558	16,007	16,158	15,967	13,541

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	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	7.75	7.12	7.25	7.43	7.4	6.68
Additional Paid-In Capital	1,348	1,151	1,189	1,237	1,229	985.82
Retained Earnings	1,483	1,414	1,273	1,155	1,013	864.84
Comprehensive Income & Other	-227.94	-130.14	-188.69	-175.97	-239.15	55.11
Total Common Equity	2,611	2,442	2,280	2,223	2,010	1,912
Shareholders' Equity	2,636	2,467	2,305	2,248	2,035	1,913
Total Liabilities & Equity	21,057	19,025	18,312	18,406	18,002	15,453

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	1,188	1,067	1,259	1,130	1,432	695.84
Net Cash (Debt)	-838.99	-738.11	-794.99	-502.01	-1,090	-13.4
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-13.78	-12.79	-13.58	-8.44	-18.82	-0.25
Filing Date Shares Outstanding	62.21	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	41.97	42.87	39.33	37.40	33.96	35.81
Tangible Book Value	1,787	1,716	1,548	1,483	1,262	1,342
Tangible Book Value Per Share	28.72	30.13	26.70	24.96	21.32	25.12

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 25, 2026

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