← FIRST MERCHANTS CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $81.1m |
$96.1m
+18.53%
|
$159.1m
+65.65%
|
$164.5m
+3.34%
|
$148.6m
-9.64%
|
$205.5m
+38.31%
|
$222.1m
+8.06%
|
$223.8m
+0.76%
|
$201.4m
-10.00%
|
$226.0m
+12.21%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $81.1m |
$96.1m
+18.53%
|
$159.1m
+65.65%
|
$164.5m
+3.34%
|
$148.6m
-9.64%
|
$205.5m
+38.31%
|
$220.7m
+7.37%
|
$221.9m
+0.56%
|
$199.5m
-10.09%
|
$224.1m
+12.33%
|
— | |
| Depreciation and amortization | $7.2m | $8.0m | $8.8m | $9.4m | $11.0m | $10.7m | $11.8m | $11.7m | $26.8m | $29.4m | $32.0m | |
| Amortization of Intangible Assets | $3.9m | $5.6m | $6.7m | $6.0m | $6.0m | $5.7m | $8.3m | $8.7m | $7.3m | $6.0m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $11.8m | $11.7m | $26.8m | $29.4m | $32.0m | |
| Deferred Income Tax Expense (Benefit) | $8.6m | $15.5m | $3.5m | $5.0m | ($9.7m) | $7.0m | $9.1m | $6.6m | $1.6m | $2.2m | $779k | |
| Deferred Tax | — | — | — | — | — | — | $9.1m | $6.6m | $1.6m | $2.2m | $779k | |
| Share-based Payment Arrangement, Noncash Expense | $2.6m | $2.8m | $3.6m | $4.1m | $4.6m | $4.8m | $4.7m | $5.2m | $5.8m | $7.3m | $7.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $1.7m | $980k | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $2.6m | $2.8m | $3.6m | $4.1m | $4.6m | $4.8m | $4.7m | $5.2m | $5.8m | $7.3m | $7.7m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | — | — | — | — | — | — | |
| Change In Working Capital | — | — | — | — | — | — | ($22.2m) | ($4.4m) | ($2.6m) | ($5.9m) | ($17.7m) | |
| Change In Receivables | — | — | — | — | — | — | ($20.7m) | ($12.6m) | $5.8m | ($1.5m) | ($5.3m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($20.7m) | ($12.6m) | $5.8m | ($1.5m) | ($5.3m) | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | — | — | — | $21.3m | — | |
| Net Cash Provided by (Used in) Operating Activities | $106.9m |
$126.5m
+18.38%
|
$180.2m
+42.48%
|
$178.4m
-1.01%
|
$204.8m
+14.80%
|
$207.4m
+1.26%
|
$268.0m
+29.25%
|
$258.8m
-3.44%
|
$266.2m
+2.85%
|
$283.6m
+6.55%
|
$314.9m
+11.02%
|
|
| Cash flows from investing activities: | ||||||||||||
| Equipment Expense | $12.5m | $13.1m | $14.3m | $16.2m | $19.3m | $19.4m | $23.9m | $24.1m | $26.8m | $28.6m | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $74.0m | $70.8m | $77.9m | $138.4m | $322.6m | $279.4m | $201.8m | $56.2m | $51.4m | $65.6m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | $4.3m | $4.4m | $11.9m | $5.7m | $1.2m | ($6.9m) | ($20.8m) | ($8k) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | ($54.5m) | — | — | — | — | — | — | — | — | $0 | |
| Payments for (Proceeds from) Other Investing Activities | $4.5m | $4.0m | ($804k) | $8.6m | $9.3m | $11.7m | $12.9m | $33.9m | $13.7m | $13.8m | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $8.9m | ($21.7m) | ($2.9m) | ($2.3m) | ($7.5m) | |
| Net Cash Provided by (Used in) Investing Activities | ($451.8m) | ($635.3m) | ($575.6m) | ($1.0b) | ($1.6b) | ($1.5b) | ($446.4m) | ($344.4m) | ($252.4m) | ($773.8m) | ($365.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $1.8b | $834.0m | $639.1m | $854.2m | $1.2b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $1.8b | $834.0m | $639.1m | $854.2m | $1.2b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($1.3b) | ($1.1b) | ($509.7m) | ($1.0b) | ($1.3b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $485.5m | ($285.2m) | $129.4m | ($158.3m) | ($68.8m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $485.5m | ($285.2m) | $129.4m | ($158.3m) | ($68.8m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($1.3b) | ($1.1b) | ($509.7m) | ($1.0b) | ($1.3b) | |
| Payments for Repurchase of Common Stock | $2.0m | $1.3m | $1.9m | $19.0m | $55.9m | $25.4m | $0 | $0 | $56.2m | $46.9m | — | |
| Payments of Ordinary Dividends, Common Stock | $22.2m | $31.8m | $41.7m | $51.3m | $56.5m | $61.2m | $72.7m | $80.1m | $81.6m | $82.9m | ($89.5m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($72.7m) | ($80.1m) | ($81.6m) | ($82.9m) | ($87.7m) | |
| Common Stock Issuance | — | — | — | — | — | — | $2.1m | $2.2m | $2.3m | $2.3m | $2.4m | |
| Common Stock Payments | — | — | — | — | — | — | $0 | $0 | ($56.2m) | ($46.9m) | ($55.2m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $2.1m | $2.2m | $2.3m | $2.3m | $2.4m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $2.1m | $2.2m | ($53.9m) | ($44.6m) | ($52.8m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | $0 | ($56.2m) | ($46.9m) | ($55.2m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($74.2m) | ($81.9m) | ($83.5m) | ($84.8m) | ($89.5m) | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($1.4m) | ($1.9m) | ($1.9m) | ($1.9m) | ($1.9m) | |
| Net Cash Provided by (Used in) Financing Activities | $370.7m |
$535.8m
+44.52%
|
$379.7m
-29.14%
|
$865.9m
+128.07%
|
$1.4b
+57.39%
|
$1.2b
-9.29%
|
$133.8m
-89.17%
|
$75.6m
-43.48%
|
($38.8m)
-151.32%
|
$486.7m
+1353.82%
|
$55.9m
-88.52%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $38.0m | $15.7m | ($25.8m) | ($44.6m) | ($9.9m) | ($25.0m) | ($3.5m) | $86.7m | |
| Beginning Cash Position | — | — | — | — | — | — | $167.1m | $122.6m | $112.6m | $87.6m | $81.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $177.2m | $192.9m | $167.1m | $122.6m | $112.6m | $87.6m | $84.2m | $86.7m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | $5.7m | $9.1m | $7.2m | $2.8m | $58.7m | $0 | $16.8m | $3.5m | $35.7m | $21.2m | $49.4m | |
| Bank Owned Life Insurance Income | $4.3m | $3.9m | $4.0m | $4.5m | $5.0m | $4.9m | $5.2m | $5.3m | $5.7m | $7.6m | — | |
| Gain (Loss) on Sales of Loans, Net | $7.1m | $7.6m | $7.0m | $7.9m | $18.3m | $19.7m | $10.1m | $15.7m | $20.8m | $21.3m | — | |
| Proceeds from Stock Options Exercised | $2.5m | $2.4m | $1.6m | $144k | $115k | $198k | $358k | $1.1m | $900k | $454k | — | |
| Parent Company | $22.2m | $31.8m | $41.7m | $51.3m | $56.5m | $61.2m | $72.7m | $80.1m | $81.6m | $82.9m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $26.8m | $36.3m | $67.9m | $107.6m | $69.8m | $36.5m | $80.0m | $337.1m | $429.7m | $386.6m | — | |
| Income Taxes Paid, Net | $12.0m | $22.4m | $23.3m | $23.6m | $33.2m | $31.2m | $13.8m | $34.8m | $7.6m | $20.7m | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | $0 | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | $20.0m | $0 | — | |
| Goodwill | $244.0m | $445.4m | $445.4m | $543.9m | $543.9m | $545.4m | $712.0m | $712.0m | $712.0m | $712.0m | — | |
| Income Tax Expense (Benefit) | $27.6m | $37.5m | $29.0m | $29.3m | $21.4m | $35.3m | $33.6m | $35.4m | $30.3m | $33.1m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | $0 | $0 | $7.3m | $37.2m | $21.2m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $133.8m | $75.6m | ($38.8m) | $486.7m | $55.9m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($462.7m) | ($344.4m) | ($252.4m) | ($773.8m) | ($365.7m) | |
| Change In Account Payable | — | — | — | — | — | — | $3.7m | $11.4m | ($2.8m) | $2.1m | ($4.6m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($44.6m) | ($9.9m) | ($25.0m) | ($3.5m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($5.2m) | ($3.2m) | ($5.7m) | ($6.5m) | ($7.7m) | |
| Change In Payable | — | — | — | — | — | — | $3.7m | $11.4m | ($2.8m) | $2.1m | ($4.6m) | |
| Changes In Cash | — | — | — | — | — | — | ($44.6m) | ($9.9m) | ($25.0m) | ($3.5m) | $5.1m | |
| End Cash Position | — | — | — | — | — | — | $122.6m | $112.6m | $87.6m | $84.2m | $86.7m | |
| Financing Cash Flow | — | — | — | — | — | — | $133.8m |
$75.6m
-43.48%
|
($38.8m)
-151.32%
|
$486.7m
+1353.82%
|
$55.9m
-88.52%
|
|
| Free Cash Flow | — | — | — | — | — | — | $284.3m | $258.8m | $266.2m | $283.6m | $314.9m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($1.2m) | $6.9m | $20.8m | $8k | $0 | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | $0 | $0 | ($20.0m) | $0 | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($462.7m) | ($344.4m) | ($252.4m) | ($773.8m) | ($365.7m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $137.8m | $0 | ($243.5m) | $0 | $29.9m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $208.1m | $499.1m | $271.3m | $97.1m | $352.7m | |
| Operating Gains Losses | — | — | — | — | — | — | ($5.6m) | ($1.5m) | ($11.3m) | ($16.1m) | $11.5m | |
| Other Non Cash Items | — | — | — | — | — | — | $47.7m | $14.1m | $8.8m | $19.4m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $1.1m | $1.9m | $1.6m | $1.1m | $1.3m | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | ($243.5m) | $0 | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($755.3m) | ($50.2m) | ($124.4m) | ($67.7m) | ($72.6m) | |
| Sale Of Business | — | — | — | — | — | — | $137.8m | $0 | $0 | — | $0 | |
| Sale Of Investment | — | — | — | — | — | — | $963.4m | $549.3m | $395.7m | $164.9m | $425.3m | |
| Stock Based Compensation | — | — | — | — | — | — | $4.7m | $5.2m | $5.8m | $7.3m | $7.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.