First Merchants Corporation (FRME)

First Merchants Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	198.82	226	201.4	223.79	222.09	205.53
Depreciation & Amortization	30.58	29.42	26.85	23.79	11.82	10.98
Provision for Credit Losses	21.95	21.25	35.7	3.5	16.76	10.7
Stock-Based Compensation	7.42	7.33	5.82	5.16	4.65	4.76
Net Change in Loans Held-for-Sale	78.03	-1.42	0.27	-9.84	10.04	-7.22
Other Adjustments	-7.17	-18.42	-15.93	-24.69	41.9	4.59
Changes in Accrued Interest and Accounts Receivable	2.33	-1.55	-2.81	-11.71	-20.7	-3.23
Changes in Accounts Payable	-0.34	2.13	11.38	-1.62	3.7	-0.53
Operating Cash Flow	280.54	283.65	266.21	258.83	284.29	215.34
Operating Cash Flow Growth	4.26%	6.55%	2.85%	-8.95%	32.02%	5.65%
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements	210.25	102.59	137.19	-310.02	348.09	-81.84
Net Change in Loans Held-for-Investment	-814.93	-965.56	-419.41	-621.79	-1,166	-60.58
Net Change in Securities and Investments	656.93	387.32	53.28	507.55	221.61	-1,399
Payments for Business Acquisitions	-0.01	-	-	-	137.78	-2.93
Proceeds from Business Divestments	-	-	-243.5	-	-	-
Sale of Property, Plant & Equipment	7.83	7.33	0.78	1.75	0.5	0.71
Other Investing Activities	-58.16	-57.76	-38.36	87.94	-5.12	68.54
Investing Cash Flow	-245.33	-773.82	-252.42	-344.43	-462.69	-1,477
Net Change in Deposits	1,372	1,812	1,057	-647.43	-280.62	1,371
Long-Term Debt Issued	463.35	639.12	834.03	23.79	1,816	45.54
Long-Term Debt Repaid	-887.88	-1,012	-509.71	-1,119	-1,323	-96.2
Net Long-Term Debt Issued (Repaid)	-424.53	-373.29	324.32	-1,095	493.47	-50.66
Issuance of Common Stock	3.51	3.42	3.82	4.04	3.12	2.68
Repurchase of Common Stock	-63.9	-46.89	-56.17	-	-	-25
Net Common Stock Issued (Repurchased)	-60.39	-43.47	-52.35	4.04	3.12	-22.33
Common Dividends Paid	-85.25	-82.91	-81.62	-80.06	-72.75	-61.23
Preferred Share Dividends Paid	-1.88	-1.88	-1.88	-1.88	-1.41	-
Financing Cash Flow	-23.24	486.72	-38.82	-235.64	133.84	1,236
Net Cash Flow	11.97	-3.46	-25.03	-9.95	-44.55	-25.75
Free Cash Flow	280.54	283.65	266.21	258.83	284.29	215.34
Free Cash Flow Growth	-1.10%	6.55%	2.85%	-8.95%	32.02%	5.65%
FCF Margin	43.98%	44.20%	43.57%	39.97%	46.50%	41.41%
Free Cash Flow Per Share	4.80	4.91	4.55	4.35	4.91	3.99
Levered Free Cash Flow	-195.02	-119.15	559.27	-863.04	708.98	162.07
Unlevered Free Cash Flow	32.56	30.01	35.42	10.46	-5.18	7.23

Updated May 1, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q