FRME - Comprehensive Filing Intelligence

FY 2025•10-K•Filed Feb 25, 2026

5.0/10

Filing Health:CAUTION

Notable concerns that warrant closer review

Executive Summary

Credit quality appears to be improving, as evidenced by a decrease in the allowance for credit losses as a percentage of loans and significantly lower net charge-offs.. Significant loan commitments to extend credit represent potential future funding needs.. Net income available to common stockholders increased by $24.6 million (12.3%) to $224.1 million in 2025 compared to 2024.

Top Concerns

!Incomplete initial accounting for the First Savings acquisition due to its proximity to the filing date.
!Significant loan commitments to extend credit represent potential future funding needs.
!Cybersecurity Threats (high)
!Interest Rate Sensitivity and Funding Mix (medium)

Top Positives

+Net income and adjusted net income increased year-over-year, indicating improved profitability in 2025.
+The loan portfolio experienced significant growth (7.3%), driven by commercial and industrial and public finance loans.
+Deposit growth was strong, with non-maturity deposits seeing substantial increases, suggesting customer confidence.

Analysis Dimensions

Our 5-pass AI analysis examines this filing across multiple dimensions. Each dimension score is derived from direct analysis of SEC filing text.

Narrative Intelligence

4.0/10

Management tone is balanced.

Full analysis includes: tone changes vs prior quarter, margin driver breakdown, forward guidance analysis, strategic priorities.

Accounting Quality

7.0/10

Earnings quality shows moderate accounting practices.

Full analysis includes: reserve and allowance changes, non-recurring item analysis, stock-based compensation impact, disclosure concerns.

Hidden Liabilities

Off-balance sheet risk is moderate with $5.66 billion in identified exposure.

Full analysis includes: cloud and purchase commitments, VIE/SPE exposure, covenant compliance status, refinancing risk assessment.

Risk Landscape

6.0/10

Overall risk profile shows cybersecurity threats as primary concern.

Full analysis includes: 8 risk categories with severity, new vs escalated risks, management response assessment, risk trend analysis.

Segment Performance

7.0/10

Segment health analysis.

Full analysis includes: segment-by-segment revenue breakdown, geographic concentration risk, customer concentration analysis, segment margin trends.