Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 1

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 LIABILITIESSTOCKHOLDERS' EQUITYCumulative Preferred Stock, $1,000 par value, $1,000 liquidation value:Authorized - 600 cumulative sharesIssued 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 sharesIssued and outstanding - 57,192,497 and 57,974,535 shares7,149 7,247 Additional paid-in capital1,158,026 1,188,768 Retained earnings1,377,966 1,272,528 Accumulated other comprehensive loss(155,864)(188,685)Total Stockholders' Equity2,412,402 2,304,983 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$18,811,629 $18,311,969 

See NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS.

4

 PART I. FINANCIAL INFORMATION ITEM 1. CONSOLIDATED CONDENSED FINANCIAL STATEMENTS(table dollar amounts in thousands, except share data)

CONSOLIDATED CONDENSED STATEMENTS OF INCOME

(Unaudited)

Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024INTEREST INCOME    Loans receivable:  Taxable$200,406 $206,680 $583,307 $606,116 Tax exempt11,173 8,622 32,510 25,242 Investment securities:   Taxable8,288 9,263 24,926 27,062 Tax exempt12,460 13,509 37,493 40,733 Deposits with financial institutions1,676 2,154 5,940 11,642 Federal Home Loan Bank stock1,092 855 3,172 2,569 Total Interest Income235,095 241,083 687,348 713,364 INTEREST EXPENSE    Deposits90,821 98,856 255,609 296,292 Federal funds