FIRST MERCHANTS CORP
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
FRME$41.20-0.6%Stored close · as of Nov 10, 2026
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Consolidated Condensed Statements of Comprehensive Income (Loss)
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net income | $47,941 | $64,079 |
| Other comprehensive income (loss): | ||
| Unrealized gains (losses) on securities available-for-sale: | ||
| Unrealized holding gain (loss) arising during the period | (27,925) | 49,415 |
| Reclassification adjustment for losses (gains) included in net income | 2 | 1,571 |
| Tax effect | 5,864 | (10,707) |
| Net of tax | (22,059) | 40,279 |
| Unrealized gain (loss) on cash flow hedges: | ||
| Unrealized holding gain (loss) arising during the period | — | (51) |
| Reclassification adjustment for losses (gains) included in net income | — | (1) |
| Tax effect | — | 10 |
| Net of tax | — | (42) |
| Total other comprehensive income (loss), net of tax | (22,059) | 40,237 |
| Comprehensive income | $25,882 | $104,316 |
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