FRME on Nasdaq

First Merchants Bank

First Merchants Bank is a bank headquartered in East Central Indiana.1 Its shares trade on Nasdaq under the symbol FRME.1

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Last updated Oct 20, 2026.

Overview

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  • TickerFRME on Nasdaq1
  • IndustryNational Commercial Banks1
  • HeadquartersEast Central Indiana1
  • Websitewww.firstmerchants.com
  • Incorporated inIN4
  • Business address200 E Jackson St, Po Box 792, Muncie, In 47308-07924
  • Filer categoryLarge accelerated filer4
  • Legal formCommercial Bank3
  • LEIS0Q3AHZRL5K6VQE35M073
  • StatusActive3
  • LEI statusIssued and current3
  • Registered address200 East Jackson Street, 47305-2835 Muncie, United States3
  • Registered withFederal Deposit Insurance Corporation, 43653

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First Merchants Corporation (the “Corporation”) is a financial holding company headquartered in Muncie, Indiana and was organized in September 1982. The Corporation’s common stock is traded on the Nasdaq Global Select Market System under the symbol FRME. The Corporation has one full-service bank charter, First Merchants Bank, which opened for business in Muncie, Indiana in March 1893. The Bank also operates First Merchants Private Wealth Advisors (a division of First Merchants Bank). The Bank includes 111 banking locations in Indiana, Ohio, and Michigan. In addition to its branch network, the Corporation offers comprehensive electronic and mobile delivery channels to its customers. The Corporation’s business activities are currently limited to one significant business segment, which is community banking.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Fiduciary and Trust brought in 38% of the revenue First Merchants Bank broke down this way in fiscal 2025.

  1. Fiduciary and Trust$35.5M738%up 4% from 2024
  2. Deposit Account$34.3M736%up 5% from 2024
  3. Credit Card$19.8M721%up 2% from 2024
  4. Derivative Hedging$3.4M74%up 10% from 2024
  5. Financial Service, Other$1.5M72%down 0% from 2024
Products and services by year
Products and services202320242025
Fiduciary and Trust$30.8M$34.2M$35.5M
Deposit Account$30.8M$32.6M$34.3M
Credit Card$18.9M$19.3M$19.8M
Derivative Hedging$3.4M$3.1M$3.4M
Financial Service, Other$1.9M$1.5M$1.5M

Financial statements

Net income8910117$226.0M in 2025+37% since 2019
0$100.0M$200.0M$300.0M2019: $164.5M$164.5M20192020: $148.6M$148.6M2020−10%2021: $205.5M$205.5M2021+38%2022: $222.1M$222.1M2022+8%2023: $223.8M$223.8M2023+1%2024: $201.4M$201.4M2024−10%2025: $226.0M$226.0M2025+12%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Taxable$786.4M$803.7M$747.8M
Tax-exempt$43.4M$34.3M$32.0M
Taxable$32.7M$36.1M$35.2M
Tax-exempt$50.0M$53.5M$58.1M
Deposits with financial institutions$8.1M$17.0M$17.7M
Federal Home Loan Bank stock$4.2M$3.5M$3.1M
Total Interest Income$924.8M$948.0M$893.9M
Deposits$344.3M$386.1M$306.1M
Federal funds purchased$2.2M$481.0K$1.4M
Securities sold under repurchase agreements$2.5M$3.1M$3.5M
Federal Home Loan Bank advances$35.8M$29.9M$27.2M
Subordinated debentures and other borrowings$4.1M$7.3M$10.3M
Total Interest Expense$388.8M$426.9M$348.5M
NET INTEREST INCOME$536.0M$521.1M$545.4M
Provision for credit losses$21.2M$35.7M$3.5M
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES$514.8M$485.4M$541.9M
Net gains and fees on sales of loans$21.3M$20.8M$15.7M
Earnings on bank-owned life insurance$7.6M$8.5M$8.3M
Net realized losses on sales of available for sale securities-$8.0K-$20.8M-$6.9M
Gain on branch sale$0$20.0M$0
Other income$3.6M$6.3M$2.7M
Total Noninterest Income$126.9M$125.6M$105.6M
Salaries and employee benefits$225.1M$221.2M$228.7M
Net occupancy$28.4M$28.4M$29.9M
Equipment$28.6M$26.8M$24.1M
Marketing$7.8M$7.4M$7.4M
Outside data processing fees$27.5M$27.1M$25.2M
Printing and office supplies$1.4M$1.5M$1.6M
Intangible asset amortization$6.0M$7.3M$8.7M
FDIC assessments$13.4M$15.0M$14.7M
Other real estate owned and foreclosure expenses$1.5M$2.1M$3.3M
Professional and other outside services$14.5M$14.6M$16.2M
Other expenses$28.4M$28.0M$28.5M
Total Noninterest Expense$382.6M$379.3M$388.3M
Income Before Income Taxes$259.1M$231.7M$259.2M
Income tax expense$33.1M$30.3M$35.4M
NET INCOME$226.0M$201.4M$223.8M
Preferred stock dividends$1.9M$1.9M$1.9M
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS$224.1M$199.5M$221.9M
Basic Net Income Available to Common Stockholders (in dollars per share)$3.90$3.42$3.74
Diluted Net Income Available to Common Stockholders (in dollars per share)$3.88$3.41$3.73
Cash Dividends Paid (in dollars per share)$1.43$1.39$1.34
Average Diluted Common Shares Outstanding (in shares)57.7M shares58.5M shares59.5M shares

Compare First Merchants Bank with another company

Corporate structure

First Merchants Bank is part of a group headed by First Merchants Corporation. 7 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of First Merchants Bank

  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on First Merchants Bank, latest Apr 29, 2026
  • VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on First Merchants Bank, latest Apr 29, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on First Merchants Bank, latest Mar 26, 2026 (5 filings since Feb 10, 2022)
  • BlackRock Filed SCHEDULE 13G/A on First Merchants Bank, latest Oct 17, 2025
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G on First Merchants Bank, latest Feb 9, 2024 (2 filings since Feb 8, 2022)
  • EARNEST PARTNERS LLC Filed SC 13G/A on First Merchants Bank, latest Jul 10, 2023 (4 filings since Feb 14, 2022)
  • First Merchants Corporation Muncie, Indiana, United States
    • First Merchants Bank Muncie, Indiana, United States
      • 8711 River Crossing, Inc. Subsidiary · Indiana, United States
      • Ameriana Capital Trust I Subsidiary · Delaware, United States
      • First Merchants Capital Trust II Subsidiary · Delaware, United States
      • FMB Portfolio Management, Inc. Subsidiary · Delaware, United States
      • FMB Properties, Inc. Subsidiary · Maryland, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What First Merchants Bank reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$347.5M7 Dec 31, 2025$363.5M7 Dec 31, 2024−4.4%
Accumulated depreciation$226.4M7 Dec 31, 2025$233.8M7 Dec 31, 2024−3.1%
Property and equipment, net$121.1M7 Dec 31, 2025$129.7M7 Dec 31, 2024−6.7%
Operating-lease assets (leased space)$17.4M7 Dec 31, 2025$21.1M7 Dec 31, 2024−17.4%

Investments

ItemLatestA year beforeChange
Loans, net of allowance$13.6B7 Dec 31, 2025$12.7B7 Dec 31, 2024+7.4%
Deposits held (banks)$15.3B7 Dec 31, 2025$14.5B7 Dec 31, 2024+5.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$712.0M7 Dec 31, 2025$712.0M7 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$13.8M7 Dec 31, 2025$19.8M7 Dec 31, 2024−30.4%
Finite-lived intangibles, gross$123.3M7 Dec 31, 2025$123.3M7 Dec 31, 20240%
Accumulated amortization$109.5M7 Dec 31, 2025$103.5M7 Dec 31, 2024+5.8%
Finite-lived intangibles, net$13.8M7 Dec 31, 2025$19.8M7 Dec 31, 2024−30.4%

Properties, in its own words

The headquarters of the Corporation and the Bank are located at 200 East Jackson Street, Muncie, Indiana. The building is owned by the Bank.

The Bank conducts business through numerous facilities owned and leased. Of the 111 banking offices operated by the Bank, 88 are owned and 23 are leased from non-affiliated third parties.

The rest of Item 2

None of the properties owned by the Corporation are subject to any material encumbrances. The net investment of the Corporation and subsidiaries in real estate and equipment at December 31, 2025 was $121.1 million.

Item 2 of the 10-K filed Feb 25, 2026.6

Leadership

Who has led First Merchants Bank, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mark K. Hardwick2021–now

Chair

  1. Charles E. Schalliol2007–2008

President

  1. Michael L. Cox2006–2007
  2. Michael C. Rechin2008–2009
  3. Michael J. Stewart2021–now

Chief financial officer

  1. Michele Kawiecki2023–now
2010201520202025
Board members and other officers (36)

Subsidiaries and ownership

Parent company (GLEIF)

Subsidiaries (Exhibit 21)

  • 8711 River Crossing, Inc. Indiana5
  • Ameriana Capital Trust I Delaware5
  • FMB Portfolio Management, Inc. Delaware5
  • FMB Properties, Inc. Maryland5
  • First Merchants Bank Indiana5
  • First Merchants Capital Trust II Delaware5

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 15, 20268-K Other events55
  2. Oct 1, 20268-K Executive or director change; Other events56
  3. Sep 25, 20268-K Entered a material agreement; New debt or obligation57
  4. Sep 24, 20268-K Entered a material agreement; Other events58
  5. Aug 14, 20268-K Other events59
  6. Jul 22, 20268-K Results of operations60
  7. Jul 13, 20268-K Other events61
  8. Jul 2, 20268-K Executive or director change62
  9. Jun 24, 20268-K Other events63
  10. May 20, 20268-K Shareholder vote64
  11. May 19, 20268-K Other events65
  12. May 19, 20268-K Executive or director change66
  13. Mar 21, 2023Parent Directly consolidated by First Merchants Corporation3
  14. Mar 1, 2021New chief executive Mark K. Hardwick becomes CEO17
  15. Jan 3, 1994Went public Listed on NASDAQ1
  16. Mar 13, 1893Founded First Merchants Bank is founded3

Calendar

Coming up

  1. Oct 21, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.99 a share, on Oct 22, 2025.67

When it reported results

  1. Jul 22, 2026Reported quarterly or annual results60
  2. Apr 22, 2026Reported quarterly or annual results68
  3. Jan 26, 2026Reported quarterly or annual results69
  4. Oct 22, 2025Reported quarterly or annual results70
  5. Jul 23, 2025Reported quarterly or annual results71
  6. Apr 24, 2025Reported quarterly or annual results72
  7. Apr 24, 2025Reported quarterly or annual results73
  8. Jan 30, 2025Reported quarterly or annual results74

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

721 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 120 major events, 479 insider forms, 17 large holders, 85 other. The latest 20:

  1. Oct 15, 202613F-HR EDGAR
  2. Oct 15, 20268-K EDGAR
  3. Oct 2, 20264 EDGAR
  4. Oct 2, 20264 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 2, 20264 EDGAR
  7. Oct 2, 20264 EDGAR
  8. Oct 2, 20264 EDGAR
  9. Oct 2, 20264 EDGAR
  10. Oct 2, 20264 EDGAR
  11. Oct 2, 20264 EDGAR
  12. Oct 2, 20264 EDGAR
  13. Oct 2, 20264 EDGAR
  14. Oct 1, 20268-K EDGAR
  15. Sep 25, 20268-K EDGAR
  16. Sep 24, 2026424B5 EDGAR
  17. Sep 24, 20268-K EDGAR
  18. Sep 23, 2026FWP EDGAR
  19. Sep 23, 2026305B2 EDGAR
  20. Sep 23, 2026FWP EDGAR

The 721 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

38 open-market trades by officers, directors and large owners since October 2021: 14 buys and 24 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 19, 2026FLUHLER STEPHANChief Information OfficerSale4,080$43.20$176.3KForm 4
Jun 12, 2026Myers Larry WDirectorSale10,000$42.00$420.0KForm 4
Jun 11, 2026Myers Larry WDirectorSale10,000$41.50$415.0KForm 4
May 5, 2026Myers Larry WDirectorSale0$40.54$17Form 4
Feb 26, 2026Myers Larry WDirectorSale5,000$41.50$207.5KForm 4
Feb 26, 2026Myers Larry WDirectorSale5,000$41.50$207.5KForm 4
Feb 11, 2026FLUHLER STEPHANChief Information OfficerSale4,161$41.96$174.6KForm 4
Feb 6, 2026Scurlock Eva D.Chief Risk OfficerSale3,227$42.29$136.5KForm 4
Nov 4, 2025FLUHLER STEPHANChief Information OfficerSale5,689$35.55$202.2KForm 4
Dec 30, 2024Halderman HowardDirectorBuy4$41.24$165Form 4
Dec 16, 2024Stewart Michael JPresidentSale7,248$43.73$317.0KForm 4
Nov 8, 2024Fehring Patrick J.DirectorSale26,437$43.01$1.1MForm 4
Aug 9, 2024HARDWICK MARK KChief Executive OfficerSale11,833$40.22$475.9KForm 4
May 30, 2024Fehring Patrick J.DirectorSale23,936$32.51$778.2KForm 4
Mar 29, 2024Stewart Michael JPresidentBuy36$29.67$1.1KForm 4
Feb 28, 2024FLUHLER STEPHANChief Information OfficerSale3,193$33.17$105.9KForm 4
Feb 28, 2024FLUHLER STEPHANChief Information OfficerSale3,193$33.17$105.9KForm 4
Feb 13, 2024Fehring Patrick J.DirectorSale9,904$33.08$327.6KForm 4
Dec 19, 2023RECHIN MICHAEL CDirectorSale10,000$37.05$370.5KForm 4
Dec 18, 2023FISHER MICHAEL JDirectorBuy1,380$36.38$50.2KForm 4

All 38 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Mark K. HardwickChief Executive Officer$826.5K$2.4M81
2025Michael J. StewartPresident$658.0K$1.8M81
2025Michele M. KawieckiExecutive Vice President and Chief Financial Officer$494.8K$1.4M81
2025John J. MartinExecutive Vice President and Chief Credit Officer$454.0K$1.0M81
2025Joseph C. PetersonExecutive Vice President and Chief Commercial Officer$454.0K$983.2K81
2024Mark K. HardwickChief Executive Officer$762.5K$2.1M81
2024Michael J. StewartPresident$641.8K$1.6M81
2024Michele M. KawieckiExecutive Vice President and Chief Financial Officer$482.4K$1.2M81
2024John J. MartinExecutive Vice President and Chief Credit Officer$442.1K$968.4K81
2024Joseph C. PetersonExecutive Vice President and Chief Commercial Officer$434.9K$931.7K81
2023Mark K. HardwickChief Executive Officer$721.5K$1.8M81
2023Michael J. StewartPresident$620.3K$1.4M81
2023Michele M. KawieckiExecutive Vice President and Chief Financial Officer$465.2K$1.0M81
2023John J. MartinExecutive Vice President and Chief Credit Officer$423.9K$802.0K81

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.5,324,728$232.6M0.0%+425,372
Dimensional Fund Advisors LP3,689,776$161.2M0.0%+93,759
Vanguard Portfolio Management LLC3,402,832$148.7M0.0%+43,798
Vanguard Capital Management LLC2,720,680$118.9M0.0%−9,931
State Street Corp2,551,308$111.5M0.0%+311,540
Earnest Partners LLC2,174,024$95.0M0.3%−81,566
Geode Capital Management, LLC1,670,991$73.0M0.0%+97,210
Nuveen, LLC1,058,876$46.3M0.0%+15,553
Victory Capital Management Inc1,042,728$45.6M0.0%+47,733
Systematic Financial Management LP850,405$37.2M0.7%−11,590
First Trust Advisors LP776,088$33.9M0.0%+50,829
Charles Schwab Investment Management Inc711,910$31.1M0.0%−7,515
FJ Capital Management LLC711,425$31.1M4.0%No change
Goldman Sachs Group Inc697,055$30.5M0.0%−440,130
Wellington Management Group Llp696,621$30.4M0.0%−310,614
PL Capital Advisors, LLC686,333$30.0M8.3%No change
Northern Trust Corp683,988$29.9M0.0%+30,629
Qube Research & Technologies Ltd648,844$28.3M0.0%−1,555
Jpmorgan Chase & Co639,609$27.9M0.0%+109,891
William Blair Investment Management, LLC622,443$27.2M0.1%−167,439
Aqr Capital Management LLC566,471$24.7M0.0%+161,480
First Merchants Corp521,994$22.8M0.8%−3,164
Two Sigma Investments, LP470,409$20.6M0.0%+64,857
Manufacturers Life Insurance Company, The432,341$18.9M0.0%−708
Bridgeway Capital Management, LLC429,606$18.8M0.3%+33,384

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How First Merchants Bank is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFIRST MERCHANTS CORP2
  • CIK0000712534
  • Employer ID (EIN)35-15442186
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inIndiana6
  • Fiscal year endsDecember 312
  • Industry code (SIC)6021 National Commercial Banks2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address200 E Jackson St, Po Box 792, Muncie, IN 47308-07922
  • Mailing address200 East Jackson Street, Muncie, IN 473052
  • Phone76574715002
  • Shares outstanding63,022,741 as of Apr 27, 202614
  • Public float$2.2B as of Jun 30, 20256
  • AuditorForvis Mazars, LLP, Indianapolis, IN PCAOB ID 686; it also attests to the company’s internal control over financial reporting6
  • On EDGAR sinceFeb 9, 19942
  • Filings3,569 in all: 4 (2,275), 8-K (479), 4/A (160), 10-Q (98), 13F-HR (75), 3 (53), SC 13G/A (49), 425 (47)2
    All 52 form types

    DEF 14A (34), 11-K (28), 10-K (26), 10-K/A (21), UPLOAD (20), 8-K/A (19), CORRESP (17), S-4 (17), S-4/A (14), 144 (13), ARS (13), 424B3 (12), SC 13G (12), S-8 (11), EFFECT (10), 3/A (8), 10-K405 (7), 5 (7), PRE 14A (5), 10-Q/A (3), 424B5 (3), N-PX (3), S-3ASR (3), DEFA14A (2), FWP (2), S-3 (2), S-3/A (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 11-K/A (1), 144/A (1), 25-NSE (1), 305B2 (1), 424B4 (1), 8-A12B (1), 8-A12G (1), CERT (1), D (1), DEFR14A (1), POS AM (1), S-4MEF (1), S-8 POS (1), SC 13E4 (1), SC 13E4/A (1)

  • Latest filingsAnnual report (10-K) Feb 25, 2026
    Quarterly report (10-Q) Jul 31, 2026
    Proxy statement (DEF 14A) Apr 3, 2026
    Latest 8-K (8-K) Oct 15, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.125 stated value per shareFRMEThe Nasdaq Stock Market LLC
Depositary Shares, each representing a 1/100th interest in a share of Non-Cumulative Perpetual Preferred Stock, Series AFRMEPThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks First Merchants Bank names in Item 1A of its 10-K filed Feb 25, 2026: 31 risks under these headings, as written.6

  • Operational Risks
  • •The Corporation’s business, results of operations and financial condition may be adversely affected by epidemics, pandemics or other infectious disease outbreaks.
  • •The Corporation’s allowances for credit losses may not be adequate to cover actual losses.
  • •The Corporation may suffer losses in its loan portfolio despite its underwriting practices.
  • •The Corporation’s wholesale funding sources may prove insufficient to replace deposits or support future growth.
  • •The Corporation relies on dividends from its subsidiaries for its liquidity needs.
  • •Acquisitions may not produce revenue enhancements or cost savings at levels or within timeframes originally anticipated and may result in unforeseen integration difficulties.
  • •The Corporation faces operational risks because the nature of the financial services business involves a high volume of transactions.
  • •Cyber incidents and other security breaches at the Corporation, its service providers or counterparties, or in the business community or markets may negatively impact the Corporation’s business or performance.
  • •The Corporation continually encounters technological change.
  • •The Corporation is subject to risks and challenges related to its development and use of artificial intelligence.
  • •The Corporation is subject to environmental liability risk associated with our Bank branches and any real estate collateral we acquire upon foreclosure.
The other 20 risks
  • •Significant legal actions could subject the Corporation to substantial uninsured liabilities.
  • •The Corporation’s controls and procedures may fail or be circumvented.
  • •The Corporation’s methods of reducing risk exposure may not be effective.
  • •The Corporation’s reported financial results depend on management’s selection of accounting methods and certain assumptions and estimates.
  • •A write-down of all or part of the Corporation’s goodwill could materially reduce its net income and net worth.
  • •Changes in accounting standards could materially impact the Corporation’s financial statements.
  • •Negative publicity could damage the Corporation’s reputation and adversely impact its business and financial results.
  • •Evolving expectations from customers, regulators, investors, and other stakeholders with respect to the Corporation’s environmental, social and governance practices may impose additional costs on the Corporation or expose it to new or additional risks.
  • •Climate change and related legislative and regulatory initiatives may materially affect the Corporation’s business and results of operations.
  • •The Corporation may not be able to pay dividends in the future in accordance with past practice.
  • Market and Industry Risks
  • •The Corporation’s business and financial results are significantly affected by general business and economic conditions.
  • •Changes in the domestic interest rate environment could affect the Corporation’s net interest income as well as the valuation of assets and liabilities.
  • •Changes in the laws, regulations and policies governing banks and financial services companies could alter the Corporation’s business environment and adversely affect operations.
  • •Our FDIC insurance premiums may increase, and special assessments could be made, which might negatively impact our results of operations.
  • •The banking and financial services industry is highly competitive, and competitive pressures could intensify and adversely affect the Corporation’s financial results.
  • •Changes in tax legislation could materially impact the Corporation’s business and financial results and the Corporation may have exposure to tax liabilities that are larger than it anticipates.
  • •Adverse developments affecting the financial services industry, such as recent bank failures or concerns involving liquidity, may have a material effect on our operations.
  • •Regulatory requirements arising from recent events in the financial services industry, or the application of current regulations, could increase our expenses and affect our operations.
  • General Risk Factors
  • •A disaster, natural or otherwise, acts of terrorism and political or military actions taken by the United States or other governments could adversely affect the Corporation’s business, directly or indirectly.
  • •The Corporation’s stock price can be volatile.

Legal proceedings

There are no pending legal proceedings, other than litigation incidental to the ordinary course of business of the Corporation and its subsidiaries, of a material nature to which the Corporation or its subsidiaries are a party, or to which any of their properties are subject. Further, there are no material legal proceedings in which any director, officer, principal shareholder, or affiliate of the Corporation, or any associate of any such director, officer or principal shareholder, is a party, or has a material interest, adverse to the Corporation or any of its subsidiaries.

None of the routine legal proceedings, individually or in the aggregate, in which the Corporation or its affiliates are involved are expected to have a material adverse impact on the financial condition or the results of operations of the Corporation.

The opening of Item 3, Legal Proceedings.6

Sources

The numbers on this page point here. Each one links to the record it came from.

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  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
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  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
    SEC EDGAROther events
  56. 56
  57. 57
  58. 58
  59. 59
    SEC EDGAROther events
  60. 60
  61. 61
    SEC EDGAROther events
  62. 62
  63. 63
    SEC EDGAROther events
  64. 64
  65. 65
    SEC EDGAROther events
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81