Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 7

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 7
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 benefit pension plans:Net gain (loss) arising during the period2,586 3,045 (1,076)Reclassification adjustment for amortization of prior service cost— 82 82 Tax effect(543)(657)209 Net of tax2,043 2,470 (785)Total other comprehensive income (loss), net of tax(12,715)63,181 (294,264)Comprehensive income (loss)$188,687 $286,967 $(72,175)

See notes to consolidated financial statements.

56

PART II: ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATACONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY

Cumulative Preferred StockNon-Cumulative Preferred StockCommon StockAdditionalAccumulated Other(Dollars in Thousands, Except Share Data)SharesAmountSharesAmountSharesAmountPaid in CapitalRetained EarningsComprehensive Income (Loss)TotalBalance, December 31, 2021125 $125 — $— 53,410,411 $6,676 $985,818 $864,839 $55,113 $1,912,571 Comprehensive loss:Net income— — — — — — — 222,089 — 222,089 Other comprehensive loss, net of tax— — — — — — — — (294,264)(294,264)Cash dividends on preferred stock ($140.64 per share)— — — — — — — (1,406)— (1,406)Cash dividends on common stock ($1.25 per share)— — — — — — — (72,748)— (72,748)Issuance of stock related to acquisition— — 10,000 25,000 5,588,962 699 236,690 — — 262,389 Share-based compensation— — — — 118,046 15 4,637 — — 4,652 Stock issued under employee benefit plans— — — — 20,267 3 703 — — 706 Stock issued under dividend reinvestment and stock purchase plan— — — — 50,559