| Income Statement for First Merchants Corp. (FRME) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | Total Interest Income | 230,733 | 208,606 | 177,209 | 156,974 | 155,530 | | Total Interest Expense | (117,613) | (98,511) | (66,080) | (51,585) | (52,388) | | Net Interest Income | 113,120 | 110,095 | 111,129 | 105,389 | 103,142 | | Loan Loss Provision | (8,507) | (6,258) | (8,354) | (5,705) | (9,477) | | Net Interest Income After Loan Loss Provision | 104,613 | 103,837 | 102,775 | 99,684 | 93,665 | | Non-Interest Income | 40,551 | 34,613 | 34,717 | 34,554 | 35,902 | | Non-Interest Expense | (102,182) | (96,057) | (93,957) | (91,642) | (91,279) | | Special Income/Charges | - | - | - | - | - | | Net Income Before Taxes | 42,982 | 42,393 | 43,535 | 42,596 | 38,288 | | Premium Tax (Credit) | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Income Taxes | (11,343) | (12,195) | (13,296) | (13,185) | (10,717) | | Net Income from Continuing Operations | 31,639 | 30,198 | 30,239 | 29,411 | 27,571 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 31,639 | 30,198 | 30,239 | 29,411 | 27,571 | | Extraordinary Income/Loss | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 31,639 | 30,198 | 30,239 | 29,411 | 27,571 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.92 | 0.92 | 0.92 | 0.92 | 0.90 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 1.73 | 1.64 | 1.64 | 1.59 | 1.51 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.73 | 1.64 | 1.64 | 1.59 | 1.51 | | Basic EPS from Extraordinary Inc | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Cum. Effect of Acct Chg | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Tax Loss Carryforward | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Other Gains(Loss) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS, Total | 1.73 | 1.64 | 1.64 | 1.59 | 1.51 | | | Basic Normalized Net Income/Share | 1.73 | 1.64 | 1.64 | 1.59 | 1.51 | | | Diluted EPS from Continuing Operations | 1.73 | 1.64 | 1.63 | 1.58 | 1.50 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.73 | 1.64 | 1.63 | 1.58 | 1.50 | | Diluted EPS from Extraordinary Inc | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Cum. Effect of Acct Chg | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Tax Loss Carryforward | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Other Gains(Loss) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS, Total | 1.73 | 1.64 | 1.63 | 1.58 | 1.50 | | | Diluted Normalized Net Income/Share | 1.73 | 1.64 | 1.63 | 1.58 | 1.50 | | | |
