Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 202

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 202
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263 5,819 Tangible common equity, net of tax  (non-GAAP)$1,552,291 $1,489,306 Common Stock outstanding (in thousands)57,975 59,424 Book Value (GAAP)$39.33 $37.40 Tangible book value - common (non-GAAP)$26.78 $25.06 

TANGIBLE EARNINGS PER SHARE,  RETURN ON TANGIBLE ASSETS AND RETURN ON TANGIBLE EQUITY - non-GAAP(Dollars in thousands, except per share amounts)December 31, 2024December 31, 2023December 31, 2022Average goodwill (GAAP)$712,002 $712,002 $671,485 Average other intangibles (GAAP)23,298 31,331 35,885 Average deferred tax on other intangibles (GAAP)(5,005)(6,731)(7,567)Intangible adjustment (non-GAAP)$730,295 $736,602 $699,803 Average stockholders' equity (GAAP)$2,252,491 $2,127,262 $1,972,445 Average preferred stock (GAAP)(25,125)(25,125)(18,875)Intangible adjustment (non-GAAP)(730,295)(736,602)(699,803)Average tangible capital (non-GAAP)$1,497,071 $1,365,535 $1,253,767 Average assets (GAAP)$18,400,495 $18,186,507 $17,220,002 Intangible adjustment (non-GAAP)(730,295)(736,602)(699,803)Average tangible assets (non-GAAP)$17,670,200 $17,449,905 $16,520,199 Net income available to common stockholders (GAAP)$199,527 $221,911 $220,683 Other intangible amortization, net of tax (GAAP)5,744 6,907 6,537 Preferred stock dividend1,875 1,875 1,406 Tangible net income available to common stockholders (non-GAAP)$207,146 $230,693 $228,626 Per Share Data:Diluted net income available to common stockholders (GAAP