Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 183

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 183
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AmountNet Income Available to Common StockholdersWeighted-Average Common SharesPer ShareAmountNet income available to common stockholders$56,297 57,186,148 $0.98 $48,719 58,074,361 $0.84 Effect of potentially dilutive stock options and restricted stock awards261,653  215,128  Diluted net income per common share$56,297 57,447,801 $0.98 $48,719 58,289,489 $0.84 RSAs excluded from the diluted average common share calculation61,861 94,650 

38

PART I. FINANCIAL INFORMATION ITEM 1. NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS(table dollar amounts in thousands, except share data)(Unaudited)

 Nine Months Ended September 30,  20252024 Net Income Available to Common StockholdersWeighted-Average Common SharesPer ShareAmountNet Income Available to Common StockholdersWeighted-Average Common SharesPer ShareAmountNet income available to common stockholders$167,530 57,549,397 $2.91 $135,647 58,413,814 $2.32 Effect of potentially dilutive stock options and restricted stock awards267,994  215,185  Diluted net income per common share$167,530 57,817,391 $2.90 $135,647 58,628,999 $2.31 RSAs excluded from the diluted average common share calculation56,523 122,134 

NOTE 13

SEGMENT INFORMATIONThe Corporation has one reportable segment, community banking.  The Corporation’s reportable segment is determined by the Chief Executive Officer, who is the designated chief operating decision maker (“CODM”), based upon information provided about the Corporation’s products and services offered.  The CODM will evaluate the financial performance of the Corporation’s business components by evaluating revenue streams, significant expenses, and budget to actual results in assessing the Corporation’s segment.  The Corporation generates revenue primarily by providing banking services to its customers.  Interest expense, provisions for credit losses and salaries and employee benefits are the significant expenses in the banking operations.  The CODM evaluates performance, allocates resources and makes key operating decisions based on consolidated net income that is reported in the Consolidated Statements of Income.  The measure of segment assets is reported on the