Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 232

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 232
---
5 to the items disclosed as our critical accounting policies and estimates in Management's Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2024.  For a complete discussion of our significant accounting policies, see “Notes to the Consolidated Financial Statements” in our Annual Report on Form 10-K for the year ended December 31, 2024.

40

PART I: FINANCIAL INFORMATIONITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FINANCIAL HIGHLIGHTS

The table below includes certain financial data of the Corporation for the previous five quarters: 

Three Months Ended(Dollars in Thousands, Except Per Share Amounts)September 30,June 30,March 31,December 31,September 30,20252025202520242024Income Statement:Net interest income$133,665 $133,014 $130,270 $134,370 $131,110 Provision for credit losses4,300 5,600 4,200 4,200 5,000 Noninterest income32,477 31,303 30,048 42,742 24,866 Noninterest expense96,561 93,598 92,902 96,289 94,629 Net income available to common stockholders56,297 56,363 54,870 63,880 48,719 Per Share Data:Average diluted common shares outstanding (in thousands)57,448 57,773 58,242 58,247 58,289 Diluted net income available to common stockholders$0.98 $0.98 $0.94 $1.10 $0.84 Cash dividends paid to common stockholders0.36 0.36 0.35 0.35 0.35 Common dividend payout ratio (1)36.90 %36.73 %37.23 %32.11 %41.67 %Book value per share$41.74 $40.56 $39.91 $39.33 $39.18 Tangible common book value per share (2)29.08 27.90 27.34 26.78 26.64 Performance Ratios:Return on average assets1.22