FIRST MERCHANTS CORP
For the period ended Mar 31, 2025. Filed May 1, 2025.
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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, 2025 · Filed May 1, 2025
FRME$40.83-0.6%Stored close · as of Nov 6, 2026
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Glossary of Defined Terms
FIRST MERCHANTS CORPORATION
| ACL | Allowance for Credit Losses |
|---|---|
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| Bank | First Merchants Bank, a wholly-owned subsidiary of the Corporation |
| CECL | FASB Accounting Standards Update No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, adopted by the Corporation on January 1, 2021. |
| CET1 | Common Equity Tier 1 |
| CODM | Chief operating decision maker |
| Corporation | First Merchants Corporation |
| CRE | Commercial Real Estate |
| Credit Agreement | Credit agreement entered into on September 30, 2024 with U.S. Bank, N.A. |
| Credit Facility | Revolving line of credit related to Credit Agreement entered into on September 30, 2024 |
| EITF | FASB's Emerging Issues Task Force |
| ESPP | Employee Stock Purchase Plan |
| FASB | Financial Accounting Standards Board |
| FDIC | Federal Deposit Insurance Corporation |
| Federal Reserve | Board of Governors of the Federal Reserve System |
| FHLB | Federal Home Loan Bank |
| FMC Trust II | First Merchants Capital Trust II |
| FOMC | Federal Open Market Committee, the monetary policymaking body of the Federal Reserve System. |
| FTE | Fully taxable equivalent |
| GAAP | U.S. Generally Accepted Accounting Principles |
| IRA | Inflation Reduction Act of 2022 |
| Lender | U.S. Bank, N.A., entered into Credit Agreement with the Corporation on September 30, 2024 |
| Level One | Level One Bancorp, Inc., which was acquired by the Corporation on April 1, 2022. |
| OREO | Other real estate owned |
| RSA | Restricted Stock Awards |
| Senior Debt | Fixed-to-Floating Rate Senior Notes due 2028 |
| Subordinated Debt | Fixed-to-Floating Rate Subordinated Notes due 2028 |
| SOFR | Secured Overnight Financing Rate |
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