Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 242

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 242
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QUITY (NON-GAAP)(Dollars in Thousands, Except Per Share Amounts)Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Average goodwill (GAAP)$712,002 $712,002 $712,002 $712,002 Average other intangibles (GAAP)16,075 22,388 17,548 24,185 Average deferred tax on other intangibles (GAAP)(3,458)(4,810)(3,775)(5,194)Intangible adjustment (non-GAAP)$724,619 $729,580 $725,775 $730,993 Average stockholders' equity (GAAP)$2,367,971 $2,251,546 $2,349,718 $2,232,419 Average preferred stock (GAAP)(25,125)(25,125)(25,125)(25,125)Intangible adjustment (non-GAAP)(724,619)(729,580)(725,775)(730,993)Average tangible common stockholders' equity (non-GAAP)$1,618,227 $1,496,841 $1,598,818 $1,476,301 Average assets (GAAP)$18,637,581 $18,360,580 $18,497,118 $18,374,370 Intangible adjustment (non-GAAP)(724,619)(729,580)(725,775)(730,993)Average tangible assets (non-GAAP)$17,912,962 $17,631,000 $17,771,343 $17,643,377 Net income available to common stockholders (GAAP)$56,297 $48,719 $167,530 $135,647 Other intangible amortization, net of tax (GAAP)1,185 1,399 3,579 4,345 Tangible net income available to common stockholders (non-GAAP)57,482 50,118 171,109 139,992 Preferred stock dividend469 469 1,406 1,406 Tangible net income (non-GAAP)$57,951 $50,587 $172,515 $141,398 Per Share Data:Diluted net income per common share (GAAP)$0.98 $0