Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $81.1M | $96.1M | $159M | $164M | $149M | $206M | $222M | $224M | $201M | $226M |
| EPS (diluted) | $1.98 | $2.12 | $3.22 | $3.19 | $2.74 | $3.81 | $3.81 | $3.73 | $3.41 | $3.88 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $104M | $127M | $180M | $177M | $204M | $215M | $284M | $259M | $266M | $284M |
| Share buybacks | $1.98M | $0.00 | $0.00 | $19.0M | $55.9M | $25.4M | $0.00 | $0.00 | $56.2M | $46.9M |
| Dividends paid | $22.2M | $31.8M | $41.7M | $51.3M | $56.5M | $61.2M | $72.7M | $80.1M | $81.6M | $82.9M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $128M | $155M | $139M | $177M | $193M | $167M | $123M | $113M | $87.6M | $84.2M |
| Total assets | $7.21B | $9.37B | $9.88B | $12.5B | $14.1B | $15.5B | $18.0B | $18.4B | $18.3B | $19.0B |
| Total liabilities | $6.31B | $8.06B | $8.48B | $10.7B | $12.2B | $13.5B | $16.0B | $16.2B | $16.0B | $16.6B |
| Shareholders' equity | $902M | $1.30B | $1.41B | $1.79B | $1.88B | $1.91B | $2.03B | $2.25B | $2.30B | $2.47B |
| Retained earnings | $401M | $465M | $583M | $697M | $789M | $865M | $1.01B | $1.15B | $1.27B | $1.41B |
| Shares (wtd avg diluted) | 41.0M | 45.4M | 49.5M | 51.6M | 54.2M | 54.0M | 58.0M | 59.5M | 58.5M | 57.7M |
Every figure is extracted from FIRST MERCHANTS CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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