Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 9

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 9
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 net of tax— — — — — — — — (12,715)(12,715)Cash dividends on preferred stock ($187.52 per share)— — — — — — — (1,875)— (1,875)Cash dividends on common stock ($1.39 per share)— — — — — — — (81,623)— (81,623)Repurchases of common stock— — — — (1,648,466)(206)(55,962)— — (56,168)Excise tax on common stock repurchases— — — — — — (517)— — (517)Share-based compensation— — — — 89,886 11 5,807 — — 5,818 Stock issued under employee benefit plans— — — — 21,330 3 653 — — 656 Stock issued under dividend reinvestment and stock purchase plan— — — — 62,825 8 2,253 — — 2,261 Stock options exercised— — — — 49,084 6 894 — — 900 Restricted shares withheld for taxes— — — — (24,246)(3)(866)— — (869)Balances, December 31, 2024125 $125 10,000 $25,000 57,974,535 $7,247 $1,188,768 $1,272,528 $(188,685)$2,304,983 

See notes to consolidated financial statements.

57

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

CONSOLIDATED STATEMENTS OF CASH FLOWS

 December 31,December 31,December 31,(Dollars in Thousands)202420232022Cash Flow From Operating Activities:   Net income$201,402 $223,786 $222,089 Adjustments to reconcile net income to net cash provided by operating activities:   Provision for credit losses35,700 3,500 16,755 Depreciation and amortization26,849 11,711