FIRST MERCHANTS CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Interest expense | — | — | $348.5M | $84.8M | $36.0M |
| Pretax income | $259.1M | $231.7M | $259.2M | $255.7M | $240.8M |
| Income tax expense | $33.1M | $30.3M | $35.4M | $33.6M | $35.3M |
| Net income | $226.0M | $201.4M | $223.8M | $222.1M | $205.5M |
| Balance Sheet | |||||
| Total assets | $19.0B | $18.3B | $18.4B | $18.0B | $15.5B |
| Total liabilities | $16.6B | $16.0B | $16.2B | $16.0B | $13.5B |
| Total debt | $999.9M | $1.2B | $1.0B | $1.3B | $634.2M |
| Stockholders' equity | $2.5B | $2.3B | $2.2B | $2.0B | $1.9B |
| Cash Flow Statement | |||||
| Cash from operations | $283.6M | $266.2M | $258.8M | $284.3M | $215.3M |
| Depreciation and amortization | $29.4M | $26.8M | $11.7M | $11.8M | $10.7M |
| Stock-based compensation | $7.3M | $5.8M | $5.2M | $4.7M | $4.8M |
| Dividends paid | $82.9M | $81.6M | $80.1M | $72.7M | $61.2M |
| Share repurchases | $46.9M | $56.2M | $0 | $0 | $25.4M |
Shares outstanding 63.0M · Free float 98.2%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.