FRME FIRST MERCHANTS CORP

FY2025 10-K
Filed: Feb 25, 2026
Financials
National Commercial BanksSEC EDGAR

FIRST MERCHANTS CORP (FRME) filed its fiscal year 2025 10-K annual report with the SEC on Feb 25, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business model: Regional bank offering a range of financial products and services amidst intense industry competition
  • Emphasis on adapting to technological changes and increased competition from fintech firms with fewer regulatory constraints
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Management Discussion & Analysis

  • Dividends available from subsidiaries $228.9M as of Dec 31, 2025 without regulatory approval
  • Preferred stock outstanding $25.0M with 7.5% dividend, paid $1.9M in dividends in 2025
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Risk Factors

  • Regulatory risk from merger approval by federal and state banking regulators related to First Savings acquisition with $0.8M merger expenses
  • Macroeconomic exposure to Midwest regional economy through $2.4B asset base added by First Savings acquisition in Indiana
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Financial Summary
XBRL

Revenue

$925M

Net Income

$226M

Net Margin

24.4%

ROE

9.2%

Total Assets

$19.0B

EPS (Diluted)

$3.88

Operating Cash Flow

$284M

Source: XBRL data from FIRST MERCHANTS CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.

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