Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 63

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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593 $0.98 $39,456 58,104,021 $0.68 Effect of potentially dilutive stock options and restricted stock awards270,987  224,244  Diluted net income per common share$56,363 57,772,580 $0.98 $39,456 58,328,265 $0.68 RSAs excluded from the diluted average common share calculation60,990 90,734 

 Six Months Ended June 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$111,233 57,734,032 $1.93 $86,928 58,585,405 $1.48 Effect of potentially dilutive stock options and restricted stock awards271,353  215,058  Diluted net income per common share$111,233 58,005,385 $1.92 $86,928 58,800,463 $1.48 RSAs excluded from the diluted average common share calculation53,548 89,011 .  

37

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

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 Consolidated Balance Sheets as total consolidated assets.  All operations are domestic

NOTE 14

GENERAL LITIGATION AND REGULATORY EXAMINATIONSThe