Company: FRME
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000712534-25-000117
Chunk: 173

Company: FIRST MERCHANTS CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 173
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,439,787 $18,311,969 Less: Intangible assets (GAAP)(730,304)(731,830)Tangible assets (non-GAAP)$17,709,483 $17,580,139 Stockholders' Equity to Assets (GAAP)12.65 %12.59 %Tangible common equity to tangible assets (non-GAAP)8.90 %8.81 %Tangible common equity (non-GAAP)$1,576,785 $1,548,028 Plus:   Tax benefit of intangibles (non-GAAP)3,939 4,263 Tangible common equity, net of tax  (non-GAAP)$1,580,724 $1,552,291 Common Stock outstanding57,810 57,975 Book value per common share (GAAP)$39.91 $39.33 Tangible book value per common share (non-GAAP)$27.34 $26.78 

TANGIBLE NET INCOME PER COMMON SHARE,  RETURN ON TANGIBLE ASSETS AND RETURN ON TANGIBLE EQUITY (NON-GAAP)(Dollars in thousands, except per share amounts)Three Months Ended March 31,20252024Average goodwill (GAAP)$712,002 $712,002 Average other intangibles (GAAP)19,003 26,017 Average deferred tax on other intangibles (GAAP)(4,088)(5,587)Intangible adjustment (non-GAAP)$726,917 $732,432 Average stockholders' equity (GAAP)$2,340,874 $2,242,139 Average preferred stock (GAAP)(25,125)(25,125)Intangible adjustment (non-GAAP)(726,917)(732,432)Average tangible capital (non-GAAP)$1,588,832 $1,484,582 Average assets (GAAP)$18,341,738 $18,430,521 Intangible adjustment (non-GAAP)(726,917)(732,432)Average tangible assets (non-GAAP)$17,614,821 $17,698,089 Net income available to common stockholders (GAAP)$54,870 $47,472 Other intangible amortization, net of tax (GAAP)1,206 1,546 Preferred stock dividend469