Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 183

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 183
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30,20252025202420242024Income Statement:Net interest income$133,014 $130,270 $134,370 $131,110 $128,571 Provision for credit losses5,600 4,200 4,200 5,000 24,500 Noninterest income31,303 30,048 42,742 24,866 31,334 Noninterest expense93,598 92,902 96,289 94,629 91,413 Net income available to common shareholders56,363 54,870 63,880 48,719 39,456 Per Share Data:Average diluted common shares outstanding (in thousands)57,773 58,242 58,247 58,289 58,328 Diluted net income available to common stockholders$0.98 $0.94 $1.10 $0.84 $0.68 Cash dividends paid to common stockholders0.36 0.35 0.35 0.35 0.35 Common dividend payout ratio (1)36.73 %37.23 %32.11 %41.67 %51.47 %Book value per share$40.56 $39.91 $39.33 $39.18 $37.68 Tangible common book value per share (2)27.90 27.34 26.78 26.64 25.10 Performance Ratios:Return on average assets1.23 %1.21 %1.39 %1.07 %0.87 %Return on average stockholders' equity9.63 9.38 11.05 8.66 7.16 Return on tangible common stockholders' equity(2)14.49 14.12 16.75 13.39 11.29 Net interest margin (FTE)(3)3.25 3.22 3.28 3.23 3.16 Efficiency ratio(2)53.99 54.54 48.48 53.76 53.84 Net charge-offs as % of average loans (annualized)0.07 0.15 0.02 0.21 1.26 Allowance for credit losses - loans as % of total