First merchants corp (FRME)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash Flow From Operating Activities:
Net income

159,906

164,460

158,343

162,699

161,277

159,139

141,809

125,054

109,556

96,070

93,980

90,681

86,551

81,051

72,935

68,943

66,905

65,384

66,467

65,522

62,714

60,162

56,349

50,630

46,285

44,530

43,393

44,226

42,616

45,122

42,373

37,879

34,162

25,252

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses

21,352

2,800

3,964

4,764

5,927

7,227

7,363

8,046

9,258

9,143

9,760

9,577

7,492

5,657

3,240

1,340

967

417

0

0

0

-

-

-

-

6,648

10,137

13,213

15,761

18,534

19,884

20,831

21,911

22,630

0

0

0

Depreciation and amortization

9,848

9,383

8,949

8,812

8,838

8,842

8,901

8,707

8,350

7,967

7,494

7,226

7,156

7,161

6,918

6,743

6,563

6,262

6,209

6,130

6,048

6,007

5,243

5,508

5,094

4,670

4,972

4,286

4,392

4,472

4,592

4,935

4,991

5,158

0

0

0

Change in deferred taxes

-3,437

4,965

-1,323

83

3,307

3,524

15,731

14,869

13,461

15,523

5,264

6,737

8,306

8,611

7,970

7,674

4,125

4,444

1,385

7,312

12,555

15,048

6,526

4,141

2,709

2,147

17,298

16,521

16,782

15,890

12,284

11,011

10,087

8,256

0

0

0

Share-based compensation

4,354

4,115

3,933

3,764

3,698

3,592

3,489

3,419

3,129

2,827

2,601

2,426

2,580

2,600

2,466

2,375

2,346

2,270

2,253

2,248

2,189

2,177

2,099

2,022

1,904

1,773

1,676

1,616

1,540

1,492

1,407

1,283

1,273

1,315

0

0

0

Tax benefit from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-70

-35

-44

-60

-60

-60

-30

0

0

0

0

-

-

-

-

-

-

-

-

Loans originated for sale

607,189

511,407

456,533

377,376

347,500

372,791

407,585

428,890

423,859

377,252

320,475

282,259

312,856

354,265

358,766

387,140

382,716

364,411

360,305

320,107

263,198

222,892

187,680

175,760

217,360

280,693

321,339

400,190

394,777

393,565

425,613

367,697

321,741

297,031

0

0

0

Proceeds from sales of loans held for sale

613,724

513,357

457,041

378,365

353,221

380,254

414,697

437,637

435,165

387,095

331,324

312,841

322,096

367,148

364,594

382,206

391,105

367,377

373,551

323,352

267,562

225,158

186,758

183,110

237,518

297,851

343,738

400,937

390,360

389,129

410,159

357,265

301,714

300,636

0

0

0

Gains on sales of loans held for sale

8,244

6,209

5,396

4,797

4,582

5,025

5,620

6,163

6,293

5,910

5,661

5,480

5,670

5,918

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on sales of securities available for sale

7,887

4,415

3,629

4,521

3,800

4,269

5,150

4,197

3,642

2,631

2,344

2,851

2,990

3,389

3,165

3,441

2,642

2,670

3,293

3,088

4,025

3,581

2,335

1,425

820

487

742

1,585

1,848

2,389

2,424

2,442

2,765

2,439

0

0

0

Net gain on acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,124

0

0

0

-

-

-

-

Increase in cash surrender of life insurance

4,889

4,518

4,134

3,951

3,931

4,020

4,079

4,176

4,086

3,906

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on life insurance benefits

-

-

-

-

-

198

198

715

2,769

2,671

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recognized loss on other-than-temporary-impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

400

0

0

0

Change in interest receivable

3,197

4,659

4,031

6,620

5,708

3,751

6,165

7,488

5,951

6,838

4,616

3,593

2,338

1,779

298

2,165

1,681

2,833

1,534

480

789

545

1,514

1,385

885

535

-1,348

-1,320

-1,384

-1,884

-779

-1,023

-1,381

-951

0

0

0

Change in interest payable

376

1,090

1,878

1,933

1,937

1,217

964

325

252

31

-26

182

-35

18

-1

-184

172

-162

-236

595

395

1,332

2,370

1,045

1,550

-364

-436

-1,018

-746

-1,451

-962

-1,800

-1,390

-1,337

0

0

0

Other adjustments

-23,261

-9,464

-21,566

-18,385

-28,595

-6,494

-19,137

-4,301

10,400

-7,054

8,684

1,578

-9,130

-1,097

877

8,225

2,129

1,351

-9,954

-11,613

-5,157

5,356

11,121

12,433

12,669

2,441

10,704

2,829

3,870

-275

-12,172

-12,437

-10,663

-21,693

0

0

0

Net cash provided by operating activities

197,959

178,407

180,609

181,521

201,179

180,235

183,294

150,729

122,171

126,502

102,287

128,540

114,251

103,719

83,405

52,928

63,758

56,660

77,477

83,604

86,954

75,840

169,283

167,974

177,874

183,131

89,341

76,497

71,594

70,269

65,527

65,601

51,162

85,484

0

0

0

Cash Flows from Investing Activities:
Net change in interest-bearing deposits

218,956

199,928

117,890

-93,015

-46,439

-1,936

6,187

259,918

244,710

237,936

209,357

14,520

57,014

7,856

2,098

-27,074

15,487

24,917

14,508

18,635

-29,624

24,075

208,083

245,421

236,708

196,753

16,449

-18,138

-26,117

14,408

-19,209

-25,895

27,553

12,365

0

0

0

Purchases of:
Securities available for sale

638,767

676,791

464,655

415,789

397,694

370,284

513,258

634,875

508,339

479,045

426,728

289,553

317,657

281,470

195,471

195,400

212,593

200,154

163,018

98,985

46,285

110,936

296,323

351,042

409,865

398,491

226,989

218,123

160,319

139,555

196,459

189,260

198,411

200,688

0

0

0

Securities held to maturity

411,287

423,385

427,631

269,024

169,322

30,465

0

0

22,782

30,220

46,708

64,622

83,149

110,797

126,176

108,262

82,826

87,282

83,582

126,587

182,463

142,988

116,940

75,189

11,212

11,145

12,722

11,468

3,696

4,262

5,588

7,295

80,815

82,700

0

0

0

Proceeds from sales of securities available for sale

195,288

132,837

131,223

136,278

132,931

154,519

165,788

153,278

123,691

94,165

116,878

123,285

123,732

167,186

118,354

126,611

115,072

83,647

148,967

151,355

155,720

126,575

47,722

17,337

12,554

25,222

34,425

51,221

52,143

52,350

64,471

76,370

87,322

75,930

0

0

0

Proceeds from maturities of:
Securities available for sale

158,073

138,356

110,951

95,667

88,021

77,881

75,203

74,132

71,236

70,846

74,113

74,508

76,193

73,956

67,479

63,493

61,374

63,124

68,907

69,857

69,751

68,339

61,160

67,255

75,206

93,273

113,452

121,179

121,030

112,141

100,463

85,601

70,383

60,459

0

0

0

Securities held to maturity

166,535

130,502

81,662

64,564

59,916

66,129

69,202

72,820

74,236

72,220

88,047

100,392

117,994

119,052

115,233

109,356

99,030

98,581

88,020

82,012

73,557

69,420

69,921

67,641

69,454

78,534

78,687

80,323

76,797

68,118

66,548

60,364

52,772

45,595

0

0

0

Redemption (Purchase) of Federal Reserve and Federal Home Loan Bank stock

-

-

-

-

-

763

763

763

723

-40

-120

-172

-19,589

-19,669

-19,147

-19,227

-7,268

-7,268

-11,434

-11,302

333

413

4,149

4,149

25

17

-34

-243

-249

-246

0

0

0

-

-

-

-

Proceeds from redemptions of Federal Reserve and Federal Home Loan Bank stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Purchase of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,000

0

0

0

Net change in loans

585,283

512,364

489,080

433,813

405,488

483,418

615,077

750,599

687,752

670,000

568,633

607,247

568,687

452,781

339,810

239,666

326,583

350,287

307,152

289,471

229,137

170,109

264,892

209,796

144,333

142,861

108,122

145,516

112,865

123,036

64,599

24,099

-8,408

-61,363

0

0

0

Net cash and cash equivalents received in acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,113

0

0

0

-

-

-

-

Proceeds from the sale of other real estate owned

2,075

2,060

8,623

8,202

8,589

9,121

3,607

3,627

6,176

6,584

6,915

10,044

9,118

9,974

12,378

12,756

11,852

12,567

10,675

12,456

14,365

14,241

18,632

13,845

12,485

12,346

5,707

5,721

4,981

4,428

7,991

11,700

9,413

13,612

0

0

0

Proceeds from life insurance benefits

-

-

-

-

-

2,836

2,849

9,075

14,439

11,655

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other adjustments

11,282

8,564

7,968

5,969

1,201

-804

-317

357

4,287

4,047

2,346

3,427

1,973

4,490

5,055

3,126

-94

-9

214

-9,435

-5,144

-5,889

-10,168

1,272

1,252

2,768

7,985

4,427

3,428

2,065

-1,717

858

-8,252

-8,287

0

0

0

Net cash used in investing activities

-894,670

-1,006,399

-927,962

-912,265

-730,635

-575,576

-805,945

-807,736

-634,859

-635,330

-481,736

-586,739

-564,685

-448,704

-325,685

-236,122

-304,606

-340,391

-218,388

-166,924

-179,389

-125,991

-255,626

-218,957

-149,288

-138,162

-107,064

-138,985

-51,225

11,886

-15,234

-4,147

-3,474

-28,163

0

0

0

Cash Flows from Financing Activities:
Net change in :
Demand and savings deposits

821,257

883,524

913,883

635,189

589,956

526,859

636,068

589,825

535,235

425,742

269,350

286,796

286,651

332,600

329,534

362,527

290,281

240,736

207,269

89,160

75,466

53,062

23,967

70,383

110,943

141,052

255,206

221,700

208,897

228,725

165,954

175,231

135,243

68,803

0

0

0

Certificates of deposit and other time deposits

-104,497

95,913

112,490

180,324

130,207

55,204

86,065

34,615

42,037

75,236

82,375

69,971

37,588

-66,920

-83,601

-128,268

-116,330

-79,656

-36,553

37,057

61,006

127,740

74,878

-28,998

-94,004

-211,399

-194,111

-177,805

-177,667

-142,906

-161,362

-154,775

-133,910

-203,028

0

0

0

Borrowings

484,298

599,298

599,298

1,147,129

1,073,239

1,515,526

1,644,982

1,291,869

1,345,477

1,088,189

1,354,534

1,526,004

1,477,794

1,107,795

725,398

570,711

542,236

491,660

705,844

577,114

587,774

678,290

466,257

520,110

425,552

295,537

215,923

183,442

147,176

138,127

202,339

275,939

286,654

306,535

0

0

0

Repayment of borrowings

365,169

643,169

752,763

1,192,981

1,234,566

1,677,860

1,710,003

1,231,581

1,352,344

1,024,166

1,254,330

1,379,915

1,311,954

982,449

694,666

589,584

462,815

370,813

711,703

617,281

644,050

789,563

453,509

387,645

333,739

163,838

159,703

133,585

178,058

271,005

253,603

376,686

362,400

252,509

0

0

0

Cash dividends on common stock

54,608

51,276

47,721

45,699

43,681

41,660

39,643

37,627

34,541

31,820

29,089

25,940

23,885

22,203

20,229

18,672

17,114

15,654

14,492

13,205

11,923

10,694

9,467

8,013

6,557

5,612

4,667

4,077

3,489

2,903

2,320

1,709

1,098

1,067

0

0

0

Cash dividends on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,380

3,274

3,978

4,261

4,539

4,539

4,192

3,927

3,662

0

0

0

Stock issued under employee benefit plans

528

702

710

725

722

707

667

617

564

519

491

492

457

462

447

445

450

460

453

457

474

478

466

461

457

479

484

494

485

449

0

0

0

-

-

-

-

Stock issued under dividend reinvestment and stock purchase plans

1,619

1,531

1,441

1,365

1,301

1,211

1,156

1,100

1,036

991

944

897

875

835

779

735

691

661

630

594

562

523

469

413

358

325

295

266

236

202

172

-285

-174

89

0

0

0

Proceeds from Stock Options Exercised

111

144

626

750

1,103

1,598

1,168

1,269

1,619

2,398

4,616

4,473

3,843

2,602

418

1,123

1,249

1,531

1,476

673

586

504

468

521

372

115

0

0

0

-

-

-

-

-

-

-

-

Restricted shares withheld for taxes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70

35

44

60

60

60

30

0

0

0

0

-

-

-

-

-

-

-

-

Cumulative preferred stock redeemed (SBLF)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

90,783

0

0

0

-

-

-

-

-

-

-

-

Repurchase of common stock

74,953

19,041

19,041

-136

-1,785

0

-1,257

554

531

0

2,437

2,400

2,426

1,980

805

1,245

1,291

1,640

1,643

1,247

1,181

1,067

1,066

1,064

1,060

491

484

484

485

235

234

232

228

126

0

0

0

Net cash provided by financing activities

708,564

865,946

807,235

725,036

516,506

379,683

618,545

648,250

537,269

535,806

426,454

480,378

468,943

370,742

257,205

197,737

237,343

267,285

151,351

73,357

68,758

59,333

68,239

97,470

32,742

-36,995

53,037

63,399

-29,768

-54,007

-53,432

-43,835

-37,072

-42,316

0

0

0

Net Change in Cash and Cash Equivalents

11,853

37,954

59,882

-5,708

-12,950

-15,658

-4,106

-8,757

24,581

26,978

47,005

22,179

18,509

25,757

14,925

14,543

-3,505

-16,446

10,440

-9,963

-23,677

9,182

-18,104

46,487

61,328

7,974

35,314

911

-9,399

28,148

-3,139

17,619

10,616

15,005

0

0

0

Additional cash flow information:
Interest paid

110,295

107,598

99,342

88,458

77,393

67,870

58,937

50,684

42,580

36,332

31,437

28,501

27,337

26,821

26,625

26,329

25,373

24,903

24,356

22,734

22,200

20,412

17,857

17,472

15,562

16,639

17,132

19,445

21,286

24,697

27,402

32,029

35,369

39,227

0

0

0

Income tax paid

-

-

-

-

-

23,289

18,140

20,440

22,164

22,421

25,500

18,844

8,499

11,999

10,699

21,355

24,200

21,200

16,800

7,521

5,509

6,209

6,609

7,888

8,674

7,578

11,128

9,128

10,842

11,738

5,988

-1,966

1,509

-2,977

0

0

0

Loans transferred to other real estate owned

7,532

7,031

7,352

917

984

855

555

1,056

7,811

8,360

9,229

8,920

2,332

1,684

1,065

604

1,567

3,644

3,868

5,241

5,453

4,431

5,932

5,795

5,082

7,170

5,122

5,167

5,191

4,441

5,906

13,573

12,038

14,188

0

0

0

Fixed assets transferred to other real estate owned

908

1,210

965

1,339

676

374

0

0

0

-

-

-

-

360

794

957

1,960

1,600

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing activities using trade date accounting

29,783

0

19,616

46,959

20,529

6,551

6,431

1,852

1,840

9,401

16,636

17,524

2,406

14,179

-432

4,086

1,070

1,559

0

-460

21,220

3,170

10,773

647

2,869

4,984

-812

10,615

3,617

1,518

0

0

0

-

0

0

0

ROU assets obtained in exchange for new operating lease liabilities

284

23,529

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities assumed in conjunction with acquisitions
Net gain on acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,124

0

0

0

-

-

-

-

Liabilities assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

136,999

0

0

0

-

-

-

-