FIRST MERCHANTS CORP — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that FIRST MERCHANTS CORP filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $226.00M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $201.40M | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $223.79M | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $222.09M | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $205.53M | Feb 29, 2024 |
| FY2020 | Dec 31, 2020 | $45.14M | Mar 1, 2021 |
| FY2020 | Sep 30, 2020 | $36.21M | Mar 1, 2021 |
| FY2020 | Jun 30, 2020 | $32.99M | Mar 1, 2021 |
| FY2020 | Mar 31, 2020 | $34.26M | Mar 1, 2021 |
| FY2020 | Dec 31, 2019 | $47.83M | Mar 1, 2021 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $283.65M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $266.21M | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $258.83M | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $284.29M | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $215.34M | Feb 29, 2024 |
| FY2022 | Dec 31, 2020 | $203.83M | Mar 1, 2023 |
| FY2021 | Dec 31, 2019 | $176.73M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $180.24M | Mar 1, 2021 |
| FY2019 | Dec 31, 2017 | $126.50M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $103.72M | Feb 27, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $19.03B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $18.31B | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $18.41B | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | $18.00B | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $15.45B | Mar 1, 2023 |
| FY2021 | Dec 31, 2020 | $14.07B | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | $12.46B | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | $9.88B | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $9.37B | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | $7.21B | Mar 1, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $16.56B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $16.01B | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $16.16B | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | $15.97B | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $13.54B | Mar 1, 2023 |
| FY2021 | Dec 31, 2020 | $12.19B | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | $10.67B | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | $8.48B | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $8.06B | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | $6.31B | Mar 1, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.47B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $2.30B | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $2.25B | Feb 25, 2026 |
| FY2025 | Dec 31, 2022 | $2.03B | Feb 25, 2026 |
| FY2024 | Dec 31, 2021 | $1.91B | Feb 24, 2025 |
| FY2023 | Dec 31, 2020 | $1.88B | Feb 29, 2024 |
| FY2022 | Dec 31, 2019 | $1.79B | Mar 1, 2023 |
| FY2021 | Dec 31, 2018 | $1.41B | Mar 1, 2022 |
| FY2020 | Dec 31, 2017 | $1.30B | Mar 1, 2021 |
| FY2019 | Dec 31, 2016 | $901.66M | Feb 28, 2020 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $712.00M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $712.00M | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $712.00M | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | $712.00M | Feb 29, 2024 |
| FY2023 | Dec 31, 2021 | $545.39M | Feb 29, 2024 |
| FY2022 | Dec 31, 2020 | $543.92M | Mar 1, 2023 |
| FY2021 | Dec 31, 2019 | $543.92M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $445.36M | Mar 1, 2021 |
| FY2019 | Dec 31, 2017 | $445.36M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $244.00M | Feb 27, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.41B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $1.27B | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $1.15B | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | $1.01B | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | $864.84M | Mar 1, 2023 |
| FY2021 | Dec 31, 2020 | $788.58M | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | $696.52M | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | $583.34M | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $465.23M | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | $400.98M | Mar 1, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2019 | Dec 31, 2019 | $177.20M | Feb 28, 2020 |
| FY2019 | Dec 31, 2018 | $139.25M | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $154.91M | Feb 27, 2019 |
| FY2018 | Dec 31, 2016 | $127.93M | Feb 27, 2019 |
| FY2018 | Dec 31, 2015 | $102.17M | Feb 27, 2019 |
| FY2017 | Dec 31, 2014 | $118.62M | Mar 1, 2018 |
| FY2016 | Dec 31, 2013 | $109.43M | Mar 1, 2017 |
| FY2015 | Dec 31, 2012 | $101.46M | Feb 29, 2016 |
| FY2014 | Dec 31, 2011 | $73.31M | Feb 27, 2015 |
| FY2013 | Dec 31, 2010 | $58.31M | Mar 14, 2014 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | 3 | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | 3 | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | 3 | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | 3 | Feb 29, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Mar 1, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | 3 | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | 3 | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | 3 | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | 3 | Feb 29, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Mar 1, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Mar 1, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 56.95M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | 57.97M | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | 59.42M | Feb 24, 2025 |
| FY2023 | Dec 31, 2022 | 59.17M | Feb 29, 2024 |
| FY2022 | Dec 31, 2021 | 53.41M | Mar 1, 2023 |
| FY2021 | Dec 31, 2020 | 53.92M | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | 55.37M | Mar 1, 2021 |
| FY2019 | Dec 31, 2018 | 49.35M | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | 49.16M | Feb 27, 2019 |
| FY2017 | Dec 31, 2016 | 40.91M | Mar 1, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $82.91M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $81.62M | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $80.06M | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $72.75M | Feb 24, 2025 |
| FY2023 | Dec 31, 2021 | $61.23M | Feb 29, 2024 |
| FY2022 | Dec 31, 2020 | $56.54M | Mar 1, 2023 |
| FY2021 | Dec 31, 2019 | $51.28M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $41.66M | Mar 1, 2021 |
| FY2019 | Dec 31, 2017 | $31.82M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $22.20M | Feb 27, 2019 |