Company: FRME
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000712534-25-000058
Chunk: 4

Company: FIRST MERCHANTS CORP
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 4
---
776 Interest payable16,102 18,912 Other liabilities311,073 289,033 Total Liabilities16,006,986 16,158,174 COMMITMENTS AND CONTINGENT LIABILITIESSTOCKHOLDERS' EQUITY  Cumulative Preferred Stock, $1,000 par value, $1,000 liquidation value: Authorized - 600 cumulative shares Issued and outstanding - 125 cumulative shares125 125 Preferred Stock, Series A, no par value, $2,500 liquidation preference:Authorized - 10,000 non-cumulative perpetual sharesIssued and outstanding - 10,000 non-cumulative perpetual shares25,000 25,000 Common Stock, $0.125 stated value: Authorized - 100,000,000 shares Issued and outstanding - 57,974,535 and 59,424,122 shares7,247 7,428 Additional paid-in capital1,188,768 1,236,506 Retained earnings1,272,528 1,154,624 Accumulated other comprehensive loss(188,685)(175,970)Total Stockholders' Equity2,304,983 2,247,713 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$18,311,969 $18,405,887 

See notes to consolidated financial statements.

54

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

CONSOLIDATED STATEMENTS OF INCOME

(Dollars in Thousands, Except Share Data)December 31,2024December 31,2023December 31,2022INTEREST INCOME  Loans receivable:  Taxable$803,652 $747,837 $470,468 Tax-exempt34,262 31,954 25,124 Investment securities:   Taxable36,086 35,207 38,354 Tax-exempt53,487 58,117 67,381 Deposits with financial institutions16,992 17,719 2,503 Federal Home Loan Bank stock3,527 3,052 1,176 Total Interest Income948,006 893,886 605,006 INTEREST EXPENSE  Deposits386,127 306,092 62