First Merchants Corporation (FRMEP) Financial Statements (2026 and earlier)

Company Profile

Business Address 200 E JACKSON ST
MUNCIE, IN 47308-0792
State of Incorp. IN
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments280,458386,507548,729248,655641,300585,201
Cash and cash equivalent280,458386,507548,729248,655641,300585,201
Total current assets:280,458386,507548,729248,655641,300585,201
Noncurrent Assets
Operating lease, right-of-use asset 17,42021,08518,91223,61917,81818,247
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization121,058129,743133,896117,118105,655111,062
Intangible asset, including goodwill, after accumulated amortization725,802731,830739,101747,844570,860572,893
Goodwill712,002712,002712,002712,002545,385543,918
Intangible asset, excluding goodwill, after accumulated amortization13,80019,82827,09935,84225,47528,975
Deferred income tax assets78,66492,38799,883111,22235,64112,340
Investment, proportional amortization method, elected, amount178,380167,685114,514   
Total noncurrent assets:1,121,3241,142,7301,106,306999,803729,974714,542
Other undisclosed assets17,623,31916,782,73216,750,85216,689,84814,081,87512,767,467
TOTAL ASSETS:19,025,10118,311,96918,405,88717,938,30615,453,14914,067,210
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt103,755142,876157,280167,413181,577177,102
Total current liabilities:103,755142,876157,280167,413181,577177,102
Noncurrent Liabilities
Liabilities, other than long-term debt109,214132,22696,408   
Investment program, proportional amortization method, elected, commitment109,214132,22696,408   
Total noncurrent liabilities:109,214132,22696,408   
Other undisclosed liabilities16,345,46515,731,88415,904,48615,736,12313,359,00112,014,463
Total liabilities:16,558,43416,006,98616,158,17415,903,53613,540,57812,191,565
Equity
Equity, attributable to parent, including:2,466,6672,304,9832,247,7132,034,7701,912,5711,875,645
Preferred stock     125125
Common stock7,1197,2477,4287,3966,6766,740
Additional paid in capital1,150,8161,188,7681,236,5061,228,626985,8181,005,366
Accumulated other comprehensive income (loss)(130,135)(188,685)(175,970)(239,151)55,11374,836
Retained earnings1,413,7421,272,5281,154,6241,012,774864,839788,578
Other undisclosed equity, attributable to parent25,12525,12525,12525,125  
Total equity:2,466,6672,304,9832,247,7132,034,7701,912,5711,875,645
TOTAL LIABILITIES AND EQUITY:19,025,10118,311,96918,405,88717,938,30615,453,14914,067,210

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues112,008106,648119,772119,487111,27997,885
Gain on disposition of assets for financial service operations21,267838,72911,24925,36330,166
Net investment income90,741106,565111,043108,23885,91667,719
Cost of revenue
(Provision for Loan, Lease, and Other Losses)		(21,250)(35,700)(3,500)(16,755) (58,673)
Gross profit:90,75870,948116,272102,732111,27939,212
Operating expenses(78,177)(57,519)(78,623)(77,243)(59,318)(56,698)
Other operating income, net
(Noninterest Income, Other Operating Income)		3,5796,2832,7221,9293,0081,898
Operating income (loss):16,16019,71240,37127,41854,969(15,588)
Nonoperating income
(Bank Owned Life Insurance Income)		7,6135,6555,3205,2104,8735,040
Interest and debt expense   (348,486)(84,803)(35,952)(66,381)
Income (loss) from continuing operations before equity method investments, income taxes:23,77325,367(302,795)(52,175)23,890(76,929)
Other undisclosed income from continuing operations before income taxes235,341206,361562,027307,849216,900246,904
Income from continuing operations before income taxes:259,114231,728259,232255,674240,790169,975
Income tax expense(33,113)(30,326)(35,446)(33,585)(35,259)(21,375)
Income from continuing operations:226,001201,402223,786222,089205,531148,600
Income before gain (loss) on sale of properties:✕✕✕✕✕205,531148,600
Net income attributable to parent:226,001201,402223,786222,089205,531148,600
Preferred stock dividends and other adjustments(1,875)(1,875)(1,875)(1,406)  
Net income available to common stockholders, diluted:224,126199,527221,911220,683205,531148,600

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:226,001201,402223,786222,089205,531148,600
Other comprehensive income (loss)58,550(12,715)63,181(294,264)(19,723)46,962
Comprehensive income (loss), net of tax, attributable to parent:284,551188,687286,967(72,175)185,808195,562

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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