FIRST MERCHANTS CORP
For the period ended Sep 30, 2025. Filed Oct 30, 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.
Sep 30, 2025 · Filed Oct 30, 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 - Loans | Allowance for Credit Losses on Loans |
|---|---|
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| Bank | First Merchants Bank, a wholly-owned subsidiary of the Corporation |
| CECL | Current Expected Credit Losses (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 |
| CRA | Community Reinvestment Act |
| 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 |
| ESPP | Employee Stock Purchase Plan |
| Exchange Ratio | 0.85 share of the Corporation's stock pursuant to the Merger Agreement |
| 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 |
| First Savings | First Savings Financial Group, Inc. |
| FMC Trust II | First Merchants Capital Trust II |
| FTE | Fully taxable equivalent |
| GAAP | U.S. Generally Accepted Accounting Principles |
| IRA | Inflation Reduction Act of 2022 |
| Level One | Level One Bancorp, Inc., which was acquired by the Corporation on April 1, 2022. |
| Merger | The merger of First Savings with and into the Corporation pursuant to the Merger Agreement |
| Merger Agreement | Agreement and Plan of Merger entered into on September 24, 2025 with First Savings |
| OBBBA | The One Big Beautiful Bill Act, signed into law on July 4th, 2025 |
| Old Second | Old Second National Bank |
| RSAs | 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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