Company: FRME
Filing Date: 2025-09-25
Form Type: 425
Source: 0001193125-25-216443
Chunk: 125

Company: FIRST MERCHANTS CORP
Filing Date: 2025-09-25
Form: 425
Chunk 125
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 Reserves / Loans 1.15% 1.12% 0.98% 1.00% 1.07% 1.04% NCOs / Average Loans 0.13% 0.03% 0.07% 0.05% 0.03% 0.03% Income Statement Net Interest Income $ 50,114 $ 57,336 $ 63,010 $ 59,426 $ 59,411 $ 63,255 Provision Expense 8,125 (1,909) 2,366 2,040 2,229 1,197 Noninterest Income 161,305 90,653 39,388 23,406 11,057 12,294 Realized Gains on Securities (3) 51 436 (470) 644 168 Noninterest Expense 145,938 119,859 85,321 73,391 51,032 53,528 Pre-TaxIncome 57,353 30,230 15,147 5,672 21,239 24,107 Income Tax Expense 16,550 6,281 1,195 (549) 2,342 2,545 Net Income 40,803 23,949 13,952 6,221 18,897 21,562 Profitability Net Interest Margin 3.50% 3.74% 3.64% 2.93% 2.70% 2.85% Cost of Deposits 0.49% 0.27% 0.60% 2.08% 2.89% 2.72% Efficiency Ratio 68.5% 80.2% 81.5% 86.2% 70.2% 69.1% Non-InterestIncome / Avg. Assets 10.19% 5.21% 2.01% 1.03% 0.46% 0.51% Non-InterestExpense / Avg. Assets 9.22% 6.89% 4.36% 3.24% 2.13% 2.22% ROAA 2.58% 1.38% 0.71% 0.28% 0.79% 0.89% ROAE 28.8% 13.6% 8.3%