First Merchants Corporation (FRME)

Nasdaq: FRME · National Commercial Banks · Muncie, IN · filing with the SEC since 1994

Grade5.3

◀ Past 6.4● Present 5.7▶ Future 3.0

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 25, 2026	Feb 24, 2025	Feb 29, 2024	Mar 1, 2023	Mar 1, 2022	Mar 1, 2021	Feb 28, 2020	Feb 27, 2019	Mar 1, 2018	Mar 1, 2017
For lenders
Interest and dividend income	924,792	948,006	893,886	605,006	446,632	448,508	465,405	407,944	314,896	253,312
Interest expense on deposits and borrowings	388,779	426,892	348,486	84,803	·	·	·	·	·	·
Net interest income	536,013	521,114	545,400	520,203	410,680	382,127	356,660	338,857	277,284	226,473
Provision for credit losses	21,250	35,700	3,500	16,755	0	58,673	2,800	7,227	9,143	5,657
Net interest income after provision	514,763	485,414	541,900	503,448	410,680	323,454	353,860	331,630	268,141	220,816
Noninterest income	126,934	125,580	105,602	107,941	109,323	109,926	86,688	76,459	71,009	65,203
Noninterest expense	382,583	379,266	388,270	355,715	279,213	263,405	246,763	219,951	205,556	177,359
Interest expense	·	·	348,486	84,803	35,952	66,381	108,745	69,087	37,612	26,839
Income before income taxes	259,114	231,728	259,232	255,674	240,790	169,975	193,785	188,138	133,594	108,660
Income tax expense	33,113	30,326	35,446	33,585	35,259	21,375	29,325	28,999	37,524	27,609
Net income	226,001	201,402	223,786	222,089	205,531	148,600	164,460	159,139	96,070	81,051
Preferred dividends	1,875	1,875	1,875	1,406	0	0	·	·	·	·
Net income to common shareholders	224,126	199,527	221,911	220,683	205,531	148,600	164,460	159,139	96,070	81,051
Earnings per share, basic	3.90	3.42	3.74	3.83	3.82	2.75	3.20	3.23	2.13	1.99
Earnings per share, diluted	3.88	3.41	3.73	3.81	3.81	2.74	3.19	3.22	2.12	1.98
Weighted average shares, basic	57,456,772	58,312,575	59,304,879	57,692,018	53,783,632	54,058,471	51,412,133	49,262,015	45,181,221	40,767,343
Weighted average shares, diluted	57,726,209	58,532,565	59,488,520	57,950,257	53,984,229	54,220,384	51,561,238	49,470,923	45,402,978	41,013,133

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton FRME · research, not advice