← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Noninterest income: | ||||||||||||
| Interest Income (Expense), Net | $226.5m |
$277.3m
+22.44%
|
$338.9m
+22.21%
|
$356.7m
+5.25%
|
$382.1m
+7.14%
|
$410.7m
+7.47%
|
$520.2m
+26.67%
|
$545.4m
+4.84%
|
$521.1m
-4.45%
|
$536.0m
+2.86%
|
$981.9m
+83.19%
|
|
| Labor and Related Expense | $102.6m | $119.8m | $131.7m | $144.0m | $155.9m | $167.0m | $206.9m | $228.7m | $221.2m | $225.1m | — | |
| Amortization of Intangible Assets | $3.9m | $5.6m | $6.7m | $6.0m | $6.0m | $5.7m | $8.3m | $8.7m | $7.3m | $6.0m | — | |
| Noninterest expense: | ||||||||||||
| Interest Expense | $26.8m | $37.6m | $69.1m | $108.7m | $66.4m | $36.0m | $84.8m | $348.5m | — | — | $399.0m | |
| Interest Expense, Debt | $7.2m | $7.6m | $8.2m | $8.3m | $6.9m | $6.6m | $8.0m | $10.3m | — | — | $399.0m | |
| Interest Expense, Securities Sold under Agreements to Repurchase | $374k | $477k | $762k | $1.4m | $604k | $314k | $1.1m | $3.5m | $3.1m | $2.5m | $399.0m | |
| Total interest expense | — | — | — | — | — | — | — | — | $426.9m | $388.8m | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | $0 | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $108.7m | $133.6m | $188.1m | $193.8m | $170.0m | $240.8m | $255.7m | $259.2m | $231.7m | $259.1m | $205.6m | |
| Income Tax Expense (Benefit) | $27.6m | $37.5m | $29.0m | $29.3m | $21.4m | $35.3m | $33.6m | $35.4m | $30.3m | $33.1m | $19.6m | |
| 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%
|
$184.1m
-18.54%
|
|
| 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%
|
$184.1m
-17.86%
|
|
| Preferred Stock Dividends, Income Statement Impact | — | — | — | — | — | — | $1.4m | $1.9m | $1.9m | $1.9m | $1.9m | |
| Earnings Per Share, Basic | $1.99 | $2.13 | $3.23 | $3.20 | $2.75 | $3.82 | $3.83 | $3.74 | $3.42 | $3.90 | $3.13 | |
| Earnings Per Share, Diluted | $1.98 | $2.12 | $3.22 | $3.19 | $2.74 | $3.81 | $3.81 | $3.73 | $3.41 | $3.88 | $3.11 | |
| Weighted Average Number of Shares Outstanding, Basic | 40.8m | 45.2m | 49.3m | 51.4m | 54.1m | 53.8m | 57.7m | 59.3m | 58.3m | 57.5m | 59.3m | |
| Weighted Average Number of Shares Outstanding, Diluted | 41.0m | 45.4m | 49.5m | 51.6m | 54.2m | 54.0m | 58.0m | 59.5m | 58.5m | 57.7m | 59.6m | |
| Additional Financial Items | ||||||||||||
| 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 | — | |
| Equipment Expense | $12.5m | $13.1m | $14.3m | $16.2m | $19.3m | $19.4m | $23.9m | $24.1m | $26.8m | $28.6m | — | |
| Depreciation, Depletion and Amortization, Nonproduction | $7.2m | $8.0m | $8.8m | $9.4m | $11.0m | $10.7m | $11.8m | $11.7m | $26.8m | $29.4m | $8.0m | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | — | — | — | $21.3m | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | — | — | — | — | — | — |