First Merchants Corporation
Cash Flow Statement
| Line Item | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $68.3M | $44.0M | $28.2M | $57.1M | $56.8M | $56.8M | $55.3M | $64.3M |
| Depreciation & Amortization | $9.7M | $9.3M | $9.0M | $5.7M | $8.0M | $7.9M | $7.8M | $16.2M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $2.7M | $2.7M | $2.3M | $1.5M | $1.5M | $1.5M | $1.5M | $1.8M |
| Stock-Based Compensation | $2.0M | $1.9M | $1.7M | $2.4M | $1.8M | $1.6M | $1.6M | $1.6M |
| Net Cash from Operating Activities | $78.4M | $88.0M | $58.6M | $80.7M | $87.6M | $53.7M | $61.7M | $67.5M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | $0 | $0 | $7.0K | — | $0 | $0 | $0 | — |
| Net Cash from Investing Activities | $196.6M | $-289.7M | $368.1M | $-300.8M | $-143.3M | $-169.3M | $-160.4M | $-251.5M |
| Financing Activities | ||||||||
| Dividends Paid | $23.2M | $23.2M | $22.8M | $20.8M | $20.8M | $20.8M | $20.5M | $20.5M |
| Stock Repurchases | $12.0M | $13.4M | $24.9M | $10.4M | $6.5M | $22.1M | $7.9M | $6.2M |
| Net Cash from Financing Activities | $-275.0M | $190.2M | $-412.7M | $216.1M | $62.3M | $111.1M | $97.2M | $186.9M |
| Net Change in Cash | $-71.0K | $-11.4M | $13.9M | $-3.9M | $6.5M | $-4.5M | $-1.5M | $2.9M |
| Free Cash Flow | — | — | — | — | — | — | — | — |