Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 76

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 76
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ANGIBLE ASSETS AND RETURN ON TANGIBLE EQUITY (NON-GAAP)(Dollars in Thousands, Except Per Share Amounts)Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Average goodwill (GAAP)$712,002 $712,002 $712,002 $712,002 Average other intangibles (GAAP)17,599 24,169 18,297 25,093 Average deferred tax on other intangibles (GAAP)(3,788)(5,191)(3,937)(5,389)Intangible adjustment (non-GAAP)$725,813 $730,980 $726,362 $731,706 Average stockholders' equity (GAAP)$2,340,010 $2,203,361 $2,340,440 $2,222,750 Average preferred stock (GAAP)(25,125)(25,125)(25,125)(25,125)Intangible adjustment (non-GAAP)(725,813)(730,980)(726,362)(731,706)Average tangible capital (non-GAAP)$1,589,072 $1,447,256 $1,588,953 $1,465,919 Average assets (GAAP)$18,508,785 $18,332,159 $18,425,723 $18,381,340 Intangible adjustment (non-GAAP)(725,813)(730,980)(726,362)(731,706)Average tangible assets (non-GAAP)$17,782,972 $17,601,179 $17,699,361 $17,649,634 Net income available to common stockholders (GAAP)$56,363 $39,456 $111,233 $86,928 Other intangible amortization, net of tax (GAAP)1,188 1,399 2,394 2,945 Tangible net income available to common stockholders (non-GAAP)57,551 40,855 113,627 89,873 Preferred stock dividend469 469 938 938 Tangible net income (non-GAAP)$58,020 $41,324 $114,565 $90,811 Per Share Data:Diluted net income per common share (GAAP)$0.98