FIRST MERCHANTS CORP
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 1, 2024
FRME$41.20-0.6%Stored close · as of Nov 10, 2026
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Item 1. Consolidated Condensed Balance Sheets
CONSOLIDATED CONDENSED BALANCE SHEETS
| June 30,2024 | December 31,2023 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Cash and due from banks | $105,372 | $112,649 |
| Interest-bearing deposits | 168,528 | 436,080 |
| Investment securities available for sale | 1,618,893 | 1,627,112 |
| Investment securities held to maturity, net of allowance for credit losses of $245 and $245 (fair value of $1,779,216 and $1,870,374) | 2,134,195 | 2,184,252 |
| Loans held for sale | 32,292 | 18,934 |
| Loans | 12,639,650 | 12,486,027 |
| Less: Allowance for credit losses - loans | (189,537) | (204,934) |
| Net loans | 12,450,113 | 12,281,093 |
| Premises and equipment | 133,245 | 133,896 |
| Federal Home Loan Bank stock | 41,738 | 41,769 |
| Interest receivable | 97,546 | 97,664 |
| Goodwill | 712,002 | 712,002 |
| Other intangibles | 23,371 | 27,099 |
| Cash surrender value of life insurance | 306,379 | 306,301 |
| Other real estate owned | 4,824 | 4,831 |
| Tax asset, deferred and receivable | 107,080 | 99,883 |
| Other assets | 367,845 | 322,322 |
| TOTAL ASSETS | $18,303,423 | $18,405,887 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-bearing | $2,303,313 | $2,500,062 |
| Interest-bearing | 12,265,757 | 12,321,391 |
| Total Deposits | 14,569,070 | 14,821,453 |
| Borrowings: | ||
| Federal funds purchased | 147,229 | — |
| Securities sold under repurchase agreements | 100,451 | 157,280 |
| Federal Home Loan Bank advances | 832,703 | 712,852 |
| Subordinated debentures and other borrowings | 93,589 | 158,644 |
| Total Borrowings | 1,173,972 | 1,028,776 |
| Interest payable | 18,554 | 18,912 |
| Other liabilities | 329,302 | 289,033 |
| Total Liabilities | 16,090,898 | 16,158,174 |
| COMMITMENTS AND CONTINGENT LIABILITIES | ||
| STOCKHOLDERS' EQUITY | ||
| Cumulative Preferred Stock, $1,000 par value, $1,000 liquidation value: | ||
| Authorized - 600 cumulative shares | ||
| Issued and outstanding - 125 cumulative shares | 125 | 125 |
| Preferred Stock, Series A, no par value, $2,500 liquidation preference: | ||
| Authorized - 10,000 non-cumulative perpetual shares | ||
| Issued and outstanding - 10,000 non-cumulative perpetual shares | 25,000 | 25,000 |
| Common Stock, $0.125 stated value: | ||
| Authorized - 100,000,000 shares | ||
| Issued and outstanding - 58,045,653 and 59,424,122 shares | 7,256 | 7,428 |
| Additional paid-in capital | 1,191,193 | 1,236,506 |
| Retained earnings | 1,200,930 | 1,154,624 |
| Accumulated other comprehensive loss | (211,979) | (175,970) |
| Total Stockholders' Equity | 2,212,525 | 2,247,713 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $18,303,423 | $18,405,887 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.