First Merchants Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

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 Income on Loans	889.17	829.84	837.91	779.79	495.59	360.12
Interest Income on Investments	92.77	94.95	110.09	114.1	109.41	86.51
Total Interest Income	981.95	924.79	948.01	893.89	605.01	446.63
Interest Paid on Deposits	349.84	344.28	386.13	306.09	62.94	23.32
Interest Paid on Borrowings	49.14	44.5	40.77	42.39	21.86	12.63
Total Interest Expense	398.97	388.78	426.89	348.49	84.8	35.95
Net Interest Income	582.97	536.01	521.11	545.4	520.2	410.68
Net Interest Income Growth	10.25%	2.86%	-4.45%	4.84%	26.67%	7.47%
Trust Income	37.42	35.49	34.22	30.84	29.69	28.36
Gain (Loss) on Sale of Assets	-	-	19.98	-	-	-
Gain (Loss) on Sale of Investments	-	-0.01	-20.76	-6.93	1.19	5.67
Other Non-Interest Income	40.21	35.91	38.69	35.2	38.63	32.03
Total Non-Interest Income	108.57	126.93	125.58	105.6	107.94	109.32
Non-Interest Income Growth	-15.81%	1.08%	18.92%	-2.17%	-1.26%	-0.55%
Revenues Before Loan Losses	691.54	662.95	646.69	651	628.14	520
Provision for Loan Losses	49.35	21.25	35.7	3.5	16.76	-
Revenue	642.19	641.7	610.99	647.5	611.39	520
Revenue Growth	0.54%	5.03%	-5.64%	5.91%	17.57%	19.99%
Salaries and Employee Benefits	243.08	217.75	215.35	223.59	202.24	162.23
Occupancy Expenses	30.87	28.4	28.39	29.86	26.21	23.33
Federal Deposit Insurance	14.49	13.41	15.03	14.67	10.24	6.24
Amortization of Goodwill & Intangibles	8.01	6.03	7.27	8.74	8.28	5.75
Selling, General & Administrative	105.6	87.1	83.2	79.59	81.22	61.37
Other Non-Interest Expense	31.48	28.37	27.96	28.5	26.71	19.3
Total Non-Interest Expense	436.58	382.58	379.27	388.27	355.72	279.21
EBT Excluding Unusual Items	205.62	259.11	231.73	259.23	255.67	240.79
Pretax Income	205.62	259.11	231.73	259.23	255.67	240.79
Income Tax Expense	19.65	33.11	30.33	35.45	33.59	35.26
Net Income	185.97	226	201.4	223.79	222.09	205.53
Preferred Dividends & Other Adjustments	1.88	1.88	1.88	1.88	1.41	-
Net Income to Common	184.09	224.13	199.53	221.91	220.68	205.53
Net Income Growth	-17.76%	12.33%	-10.09%	0.56%	7.37%	38.31%
Basic Shares Outstanding	59	57	58	59	58	54
Diluted Shares Outstanding	60	58	59	59	58	54
Shares Change	2.56%	-1.38%	-1.61%	2.65%	7.35%	-0.44%
EPS (Basic)	3.10	3.90	3.42	3.74	3.83	3.82
EPS (Diluted)	3.08	3.88	3.41	3.73	3.81	3.81
EPS Growth	-20.03%	13.78%	-8.58%	-2.10%	0%	39.05%
Dividend Per Share	1.450	1.430	1.390	1.340	1.250	1.130
Dividend Growth	2.84%	2.88%	3.73%	7.20%	10.62%	8.65%
Effective Tax Rate	9.56%	12.78%	13.09%	13.67%	13.14%	14.64%

SEC Filings: 10-K · 10-Q