Company: FRME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000712534-25-000171
Chunk: 184

Company: FIRST MERCHANTS CORP
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 184
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 loans1.47 1.47 1.50 1.48 1.50 Nonperforming assets / total assets %0.36 0.47 0.43 0.35 0.36 Balance Sheet:Total securities$3,380,956 $3,427,121 $3,460,695 $3,662,145 $3,753,088 Total loans13,325,542 13,027,909 12,873,022 12,687,460 12,671,942 Total assets18,592,777 18,439,787 18,311,969 18,347,552 18,303,423 Total deposits14,797,578 14,461,978 14,521,626 14,365,100 14,569,070 Total borrowings1,161,077 1,343,044 1,158,185 1,081,085 1,173,972 Total stockholders' equity2,347,952 2,332,214 2,304,983 2,302,373 2,212,525 Capital Ratios:Total shareholders' equity to assets12.63 %12.65 %12.59 %12.55 %12.09 %Tangible common equity to tangible assets(2)8.92 8.90 8.81 8.76 8.27 Total risk-based capital to risk-weighted assets13.06 13.22 13.31 13.18 12.95 Tier 1 capital to risk-weighted assets11.50 11.67 11.59 11.41 11.19 Common equity tier 1 capital to risk-weighted assets11.35 11.50 11.43 11.25 11.02 Tier 1 capital to average assets10.20 10.20 9.96 9.79 9.63 (1) Cash dividends paid per common share divided by diluted net income per common share.(2) Non-GAAP financial measures. Refer to the Non-GAAP Financial Measures" section for reconciliations to GAAP financial measures.(3) Calculated using a marginal tax rate of 21 percent for all periods.

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PART I: FINANCIAL INFORMATIONITEM 2. MANAGEMENT'S