NewzIntel.com

Category: Gun Control

  • MIL-OSI Australia: The wait is over – it’s time to lodge

    Source: New places to play in Gungahlin

    The Australian Taxation Office (ATO) is advising it is time to lodge, as most taxpayers with simple affairs will now have their information pre-filled into their accounts.

    Assistant Commissioner Rob Thomson said that the ATO had completed pre-fill of over 91 million pieces of information available for individual tax returns from employers, banks, government agencies and private health insurers.

    ‘You’ve been patiently waiting, but now you’re good to go! Whether you lodge using a registered tax agent or lodge yourself through myTax, pre-fill information will now be available,’ Mr Thomson said.

    Taxpayers should check the pre-filled data to ensure accuracy, add anything that may be missing and then include any deductions they are entitled to claim.

    ‘Don’t forget that you need to include all sources of income in your tax return. This includes side-hustles, linked income from providing ride sourcing services or selling services via an app.’

    ‘Remember, the ATO has 40 industry and occupation specific guides to assist you in what you can claim and what records are required to prove it,‘ Mr Thomson said.

    To help keep your personal information safe and protected, the ATO’s app now has powerful new safety features designed to give users real-time control over their tax affairs through alerts and instant account locking to help stop fraudsters in their tracks.

    ‘Fraudsters are getting smarter, but so are the protective features in the app. The ATO app will send you real-time messages when changes are made to your ATO record, and you can quickly lock your account to prevent unauthorised access or fraudulent refunds.‘

    ‘These features provide peace of mind knowing your account is protected and you remain in control of your tax affairs anytime, anywhere‘ Mr Thomson said.

    The ATO app and ATO online services through myGov also allow taxpayers to see the progress of their return once they or their registered tax agent have submitted it.

    ‘Most refunds are finalised within two weeks and this process cannot be sped up, even if you call us,’ Mr Thomson said.

    Taxpayers have until 31 October to lodge their tax return or to get on the books of a registered tax agent, which may allow them more time to lodge.

    Notes to journalists

    A high-resolution headshot of ATO Assistant Commissioner Rob ThomsonThis link will download a file is available for download from our media centre.

    ATO stock footage and images are available for use in news bulletins from our media centre.

    MIL OSI News –

  • MIL-OSI USA: $36 Million for Law Enforcement to Fight Gun Violence

    Source: US State of New York

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    New York State Division of Criminal Justice Services Commissioner Rossana Rosado said, “Thanks to Governor Hochul’s unwavering commitment to public safety, New York continues to see record reductions in gun violence. This funding ensures that our local law enforcement agencies and community organizations can build on the strategies that are working, saving lives, strengthening communities, and restoring trust. I am so proud of my DCJS team members who provide our partners across the state with the tools, training, and resources that allow them to sustain this progress.”

    New York State Police Superintendent Steven G. James said, “The GIVE initiative continues to produce results that matter. Thanks to Governor Hochul’s ongoing commitment and the leadership of the Division of Criminal Justice Services, law enforcement agencies across the state are better equipped to target and reduce gun violence. This funding supports the critical work being done on the ground, providing local agencies with the tools, training, and resources they need to keep their communities safe. The New York State Police is proud to support our partners in this effort and remains committed to doing everything we can to protect the people of New York.”

    Senate Majority Leader Andrea Stewart-Cousins said, “This funding is a vital investment in the safety and well-being of New Yorkers. By directing this funding to local law enforcement and public safety partners through the GIVE initiative, we are reinforcing evidence-based strategies that are driving down gun violence and saving lives. Our communities throughout the state have made tremendous progress, and this continued investment ensures that momentum continues. I was proud to work with Governor Hochul, Speaker Heastie, and my Senate Majority colleagues to deliver $347 million in this year’s budget to support GIVE and other gun violence prevention efforts across the state.”

    State Senator Monica Martinez said, “When it comes to protecting our streets from gun violence, we must ‘GIVE’ law enforcement agencies the funding they need to succeed. These grants help make Suffolk County and other recipient communities safer, as proven by the double-digit declines in shooting-related incidents with injury and shooting deaths. I thank Governor Hochul and the Division of Criminal Justice Services for prioritizing this investment in safer neighborhoods across New York.”

    State Senator Siela Bynoe said, “Gun violence is a public health crisis in New York State, and I am grateful to Governor Hochul for taking action to reduce the number of individuals injured or killed in this epidemic. Community-based solutions like the GIVE initiative, which supports Nassau’s law enforcement in their mission to combat gun violence in our neighborhoods, are critical to maintaining statewide progress in reducing shooting incidents. While Nassau County has an extraordinary safety record, there is more work to be done, and this initiative proves to be an invaluable resource.”

    Assembly Deputy Speaker Phil Ramos said, “New York continues to lead the nation with bold, innovative strategies that combine precision policing with community-driven public safety. This record-level investment of $36 million underscores our state’s unwavering commitment to real solutions to reduce gun violence. This investment builds on the progress New York has made in saving lives, curbing illegal firearms, and empowering the communities we serve. As a former Detective and Police Officer, I’ve seen firsthand how funds like these provide the necessary resources, focused training, modern technology, and data-driven strategies that produce tangible, measurable results. The numbers speak for themselves: fewer shootings, fewer victims, and safer communities. I commend Governor Hochul for her continued partnership and leadership in ensuring that Long Island and New York State continue to be a safe and prosperous places to live, work, and visit.”

    Assemblymember Charles Lavine said, “Since being sworn-in, Governor Hochul has remained laser-focused on fighting crime through all means at her disposal. This includes providing financial support for local law enforcement to ensure it has the necessary resources to do its job and enacting legislation, like my ghost guns bill, designed to keep dangerous firearms off the streets. I am proud of the great progress made so far and look forward to continuing to work with her to prevent senseless violence from occurring and keeping our communities as safe as possible.”

    Public safety is my top priority, and since taking office, my administration has been laser focused on working with local law enforcement to drive down gun violence across New York.”

    Governor Hochul

    Assemblymember Judy Griffin said, “Reducing gun violence is directly linked to public safety. I am proud to live in a state where our constituents know this and demand that we continue to take action. This vital funding will ensure that our local police departments have the equipment and technical assistance needed to continue their fight. Public safety is a top priority for my constituents, and I thank the Governor for designating a portion of this funding to police agencies that serve Nassau County residents.”

    Assemblymember Rebecca Kassay said, “Thank you to Governor Hochul for these funds that will provide essential support to our local law enforcement as they work to reduce gun violence, and strengthen safety in our neighborhood. State investments like the GIVE initiative help ensure officers have the training and tools they need to stay safe, protect the public, and build trust within the community.”

    Assemblymember Tommy John Schiavoni said, “I would like to thank Governor Hochul for her leadership and steadfast commitment to keeping our communities safe. Governor Hochul’s continued investment in the GIVE initiative is saving lives and making our communities safer. This targeted support for law enforcement and evidence-based violence prevention strategies has produced real, measurable results. I am especially grateful for the funding directed to Long Island, where local agencies are working tirelessly to reduce gun violence and improve public safety for all residents.”

    Assemblymember Kwani O’Pharrow said, “Together, we invest in safer streets and stronger communities as we tackle gun violence head on with unwavering support and commitment from our Governor.”

    Suffolk County Executive Ed Romaine said, “Thank you to Governor Hochul for providing Suffolk County with vital resources to address gun violence and domestic abuse in our communities. These grants help ensure that our law enforcement officers have the tools they need to protect our families, support survivors, and build safer neighborhoods for everyone who calls Suffolk home.”

    Suffolk County Police Department Commissioner Kevin Catalina said, “The grant money builds upon our success in fighting gun violence, providing funds to focus on enforcement and community outreach efforts. The SCPD extends our gratitude to Governor Hochul for the GIVE grant funding which enhances our public safety efforts in Suffolk County.”

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    Suffolk County Sheriff Errol D. Toulon, Jr. said, “The GIVE grant has been a critical tool in our efforts to reduce gun violence by funding key personnel and supporting programs that reach at-risk youth before trouble does. This is what real collaboration looks like, and we’re proud to continue this vital work together. I want to thank Governor Hochul for her investment in this initiative to help keep Suffolk County and our communities safe.”

    Suffolk County Legislator Rebecca Sanin said, “It is devastating and unacceptable that gun violence is still the leading cause of death for children in the United States. I deeply commend the Governor for taking action—investing in law enforcement and delivering the tools our county needs to safeguard our children. Today marks a significant step forward in our fight to keep our kids safer in Suffolk County, ensuring that their future is not defined by the fear of violence but rather the promise of hope and possibility.”

    Scott J. Beigel Memorial Fund Founder Linda Beigel Schulman said, “I thank Governor Hochul for her visit to Suffolk County and her steadfast support to prevent gun violence. I worked closely with her to make red flag laws in New York a reality. Her commitment to better funding for community policing is crucial to deterring crime. We must always do more, and I know the governor is committed to progress.”

    GIVE data for each of the 28 police departments and an interactive dashboard featuring current year and annual historical data are available on the Statistics page of the state Division of Criminal Justice Services (DCJS) website.

    View the breakdown of funding awarded to GIVE police departments, and district attorneys’ offices, probation departments, and sheriffs’ offices in 21 counties outside of New York City for the contract period July 1, 2025, through June 30, 2026: Albany, Broome, Cayuga, Chautauqua, Chemung, Dutchess, Erie, Jefferson, Monroe, Nassau, Niagara, Oneida, Onondaga, Orange, Rensselaer, Rockland, Schenectady, Suffolk, Tompkins, Ulster, and Westchester. DCJS administers GIVE grants and provides training and technical assistance to partner agencies through the program, which requires agencies to use evidence-based strategies to reduce shootings, save lives and combat violent crime.

    The FY26 Enacted Budget sustained unprecedented funding secured by Governor Hochul, including $347 million for GIVE and other gun violence prevention programs, as well as additional initiatives to improve public safety, expand support for victims and survivors of crime, and strengthen communities.

    The Division of Criminal Justice Services provides critical support to all facets of the state’s criminal justice system, including, but not limited to: training law enforcement and other criminal justice professionals; overseeing a law enforcement accreditation program; ensuring Breathalyzer and speed enforcement equipment used by local law enforcement operate correctly; managing criminal justice grant funding; analyzing statewide crime and program data; providing research support; overseeing county probation departments and alternatives to incarceration programs; and coordinating youth justice policy. Follow DCJS on Facebook, Instagram, LinkedIn and X (formerly Twitter).

    MIL OSI USA News –

  • MIL-OSI Australia: When employers must lodge the SGC statement

    Source: New places to play in Gungahlin

    If you’ve missed paying your eligible employees and contractors their SG on time, in full, or to the right fund, you must pay the super guarantee charge (SGC). You’ll need to:

    • lodge an SGC statement
    • pay the SGC amount to us, not the super fund.

    SGC is more than the super you would’ve otherwise paid to the employee’s fund. It’s calculated on salary and wages that includes overtime and some allowances, instead of ordinary time earnings. It also includes interest and other fees. SGC is not tax deductible, so it’s best that you pay on time.

    To avoid additional penalties, you need to lodge the SGC statement within one calendar month of the missed quarterly payment due date each year:

    • 28 August
    • 28 November
    • 28 February
    • 28 May.

    Our video explains what happens if you fail to meet your super obligations as an employer and provides instructions on how to lodge an SGC statement.

    Watch

    Remember, we have resources available to help you meet your SG obligations. Visit ato.gov.au/superforemployers.

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    MIL OSI News –

  • MIL-OSI Security: Billings man sentenced to 14 years in prison on drug and gun charges

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    BILLINGS – A Billings man who distributed drugs in the Billings area was sentenced today to 168 months in prison to be followed by 4 years of supervised release, U.S. Attorney Kurt Alme said.

    Tirrell Lewis, 45, pleaded guilty in February 2025 to one count of possession with intent to distribute controlled substances and one count of prohibited person in possession of a firearm and ammunition.

    U.S. District Judge Susan P. Watters presided.

    The government alleged in court documents that on November 3, 2023, law enforcement officers received a call that there were two gunshots in the vicinity of a residential address and the caller saw a gray Mustang leave the area very quickly. Officers spoke to the Lewis’s girlfriend on scene, and she said the sounds were fireworks. She also said she and Lewis were in a relationship and he had not been present at her residence. She allowed officers to look in her backyard where they found two spent rifle casings.

    The caller told police Lewis had been at the residence and he and his girlfriend were arguing before the two gunshots and then the caller saw Lewis leave in the gray Mustang.

    Later that evening officers located the Mustang. They attempted to stop the vehicle, but it fled a short distance before stopping in front of Lewis’s girlfriend’s residence. Lewis got out of the car and fled on foot behind the residence. He circled the house and ran right into an officer who then arrested him. When Lewis was taken into custody, he was found to have $6,216.18 on his person.

    On November 13, 2023, a search warrant was executed on the Mustang. Inside were 4 firearms, 91 rounds of assorted ammunition, 7 ounces of fentanyl, and 9 ounces of methamphetamine. The drugs were located in a backpack in the trunk. The fentanyl was in 3 bags inside. One contained 50 pills, one contained 1,003, and one contained 814. The methamphetamine was in two zip lock baggies next to a scale and 23 clean baggies. There was a paystub for Lewis and one of the handguns under the backpack.

    Lewis is prohibited from possessing firearms due to a previous federal conviction.

    Assistant U.S. Attorney Thomas Godfrey prosecuted the case. The investigation was conducted by the Billings Police Department, ATF, and DEA.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results. For more information about Project Safe Neighborhoods, please visit https://www.justice.gov/psn.

    MIL Security OSI –

  • MIL-OSI Security: Career Offender Sentenced to 175 Months in Federal Prison for Drug and Firearms Offense

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    HOT SPRINGS – A Pearcy man was sentenced yesterday to a total of 175 months in prison on one count of Possession with Intent to Distribute Methamphetamine, one count of being a Felon in Possession of a Firearm, as well as violations of his term of supervised release from a previous conviction. The Honorable Chief Judge Susan O. Hickey presided over the sentencing hearing in the United States District Court in Hot Springs.
    According to court documents, on July 22, 2024, a Trooper with the Arkansas State Police attempted to make a traffic stop on Michael Fryar in Garland County. After the Trooper initiated his lights, Fryar fled in his vehicle and a pursuit ensued. After a short pursuit Fryar abandoned the vehicle and fled on foot into a wooded area. The Trooper pursued on foot and had to deploy his taser to get Fryar apprehended. At the time of the offense, Fryar was in possession of a loaded firearm with a round in the chamber and a distribution amount of methamphetamine. Fryar has an extensive criminal history and was on federal supervised release at the time of the offense.
    The Arkansas State Police, 18th East Drug Task Force, Drug Enforcement Administration, and the Bureau of Alcohol, Tobacco, Firearms and Explosives investigated the case.
    Assistant U.S. Attorney David Harris prosecuted the case for the United States.
    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).
    Related court documents may be found on the Public Access to Electronic Records website @ www.pacer.gov.

    MIL Security OSI –

  • MIL-OSI Security: FEDERAL CHARGES FILED AGAINST PENSACOLA MAN FOR ARMED DRUG TRAFFICKING

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    PENSACOLA, FLORIDA – Carlton Shoemaker, 51, of Pensacola, Florida, has been indicted in federal court for three counts of possessing with the intent to distribute controlled substances, one count of possession of a firearm in furtherance of a drug trafficking offense, and one count of possession of a firearm by a convicted felon. John P. Heekin, United States Attorney for the Northern District of Florida announced the charge.

    Shoemaker appeared before United States Magistrate Judge Zachary C. Bolitho at the United States Courthouse in Pensacola, Florida on July 22, 2025.

    If convicted on all counts, Shoemaker faces up to life imprisonment.

    The case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives and the Florida Department of Law Enforcement. The case is being prosecuted by Assistant United States Attorney Jessica S. Etherton.

    An indictment is merely an allegation by a grand jury that a defendant has committed a violation of federal criminal law and is not evidence of guilt. All defendants are presumed innocent and entitled to a fair trial, during which it will be the government’s burden to prove guilt beyond a reasonable doubt at trial.

    This case is part of Operation Take Back America (https://www.justice.gov/dag/media/1393746/dl?inline ) a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    The United States Attorney’s Office for the Northern District of Florida is one of 94 offices that serve as the nation’s principal litigators under the direction of the Attorney General.  To access public court documents online, please visit the U.S. District Court for the Northern District of Florida website. For more information about the United States Attorney’s Office, Northern District of Florida, visit http://www.justice.gov/usao/fln/index.html.

    MIL Security OSI –

  • MIL-OSI Security: Fleming Island Felon Sentenced To Six Years In Prison For Illegally Possessing A Firearm

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    Jacksonville, Florida – U.S. District Judge Harvey E. Schlesinger has sentenced Jason Stewart Karst II (37, Fleming Island) to six years in federal prison for possessing a firearm as a convicted felon. Karst entered a guilty plea in March 2025.

    According to court documents, in April 2024, agents with the Bureau of Alcohol, Tobacco, Firearms, and Explosives received a complaint from a local shooting range that Karst and another individual had been shooting fully automatic firearms at the range. Surveillance video from the range showed Karst firing a fully automatic gun as well as a separate gun that was equipped with a silencer. Agents obtained a search warrant for a home owned by Karst and executed the warrant on May 1, 2024. During the search, agents found five silencers, a privately manufactured firearm that was equipped with a machinegun conversion device, and a pistol that was also equipped with a machinegun conversion device inside a large safe. The guns matched the appearance of the ones used by Karst at the shooting range. In addition, while agents were executing the search warrant, Karst drove up to the house. During a search of Karst’s car, officers with the Jacksonville Sheriff’s Office found a white powdery substance, over 20 grams of marijuana, a scale, a pistol without a serial number, and keys to the safe.

    Karst was previously convicted of multiple felonies, including two convictions for possession of marijuana with the intent to sell or deliver, possession of a controlled substance with the intent to sell or deliver, attempted use of a minor to deliver a controlled substance, and possession of a firearm by a convicted felon. Therefore, he is prohibited from possessing firearms or ammunition under federal law. Additionally, contrary to federal law, the machinegun conversion devices and silencers were not registered in the National Firearms Registration and Transfer Record—a database maintained by the Bureau of Alcohol, Tobacco, Firearms and Explosives.

    This case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives, Clay County Sheriff’s Office, and the Jacksonville Sheriff’s Office. It was prosecuted by Assistant United States Attorney Elisibeth Adams.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    MIL Security OSI –

  • MIL-OSI Security: Lewiston Man Pleads Guilty to Illegally Possessing a Firearm

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    PORTLAND, Maine: A Lewiston man pleaded guilty on Tuesday in U.S. District Court in Portland to being a felon in possession of a firearm. 

    According to court records, in January 2025, Lewiston police officers stopped a vehicle operated by Kulmiye Abukar Idris, 35, for traffic violations. Officers searched the vehicle and found a handgun. Idris was prohibited from possessing a firearm because of his prior felony conviction for gross sexual assault.

    Idris faces up to 15 years in prison, a $250,000 fine, and supervised release for three years. He will be sentenced after the completion of a presentence investigative report by the U.S. Probation Office. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives and Lewiston Police Department investigated the case, with assistance from the Androscoggin County District Attorney’s Office.

    Project Safe Neighborhoods: This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results. For more information about Project Safe Childhood, visit https://www.justice.gov/usao-me/psn.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Lake County Convicted Felon Pleads Guilty To Illegally Possessing A Firearm

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    Ocala, Florida – United States Attorney Gregory W. Kehoe announces that Gregory Coleman III (28, Leesburg) has entered a guilty plea to an indictment charging him with one count of possession of a firearm affecting commerce by a convicted felon. Coleman faces a maximum penalty of 15 years in federal prison. A sentencing date has not yet been set. A federal grand jury indicted Coleman on December 12, 2023. 

    According to the court records, Coleman has been convicted of four state felonies, including aggravated assault on a law enforcement officer, resisting law enforcement with violence, fleeing or attempting to elude law enforcement, and possession of cocaine. Following these convictions, on November 4, 2023, Coleman sold a firearm to a confidential source who was working in cooperation with federal agents. Coleman told the source he had more firearms but wanted to keep them for himself. As a convicted felon, Coleman is prohibited from possessing firearms or ammunition under federal law.

    This case is being investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) and the Eustis Police Department. It is being prosecuted by Assistant United States Attorney Hannah Nowalk Watson.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    MIL Security OSI –

  • MIL-OSI Security: Birmingham Man Sentenced to 36 Years in Prison on Gun and Drug Charges

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    BIRMINGHAM, Ala. – A federal judge has sentenced a Birmingham man for possessing a machine gun in furtherance of a drug trafficking crime and drug trafficking, announced U.S. Attorney Prim F. Escalona.

    U.S. District Court Judge Madeline H. Haikala sentenced Frederick Leonard Temple, Jr., also known as “Cutt” and “Cutthroat,” 35, to 432 months in prison. In February, Temple was convicted by a jury of possession of a machine gun, two counts of distribution of fentanyl, possession with intent to distribute methamphetamine and fentanyl, and possession of a machine gun in furtherance of a drug-trafficking crime.

    “This sentence sends a clear message that violent, criminal conduct like Defendant Temple’s will not be tolerated,” said U.S. Attorney Escalona. “I commend our law enforcement partners and prosecutors for their unwavering commitment to ensuring Temple was brought to justice.”

    “Today’s sentencing illustrates the continuous commitment that the ATF shares with our state, local, and federal law-enforcement partners to combat the illegal possession of firearms, fight violent crime, and remove narcotics from the streets,” said ATF Special Acting Agent in Charge Jason Stankiewicz.  “We will continue to utilize all of our resources in an effort to maintain public safety in the communities that we serve.”

    According to evidence presented at trial, Temple distributed fentanyl on two separate occasions. On January 26, 2022, members of the Shelby County Drug Enforcement Task Force and officers from the Birmingham Police Department executed a search warrant at Temple’s residence. During the search, officers found drugs and firearms in a rear bedroom where an infant was located. The search of the residence resulted in the seizure of 14 firearms, including a Glock 9 mm pistol equipped with a machine gun-conversion device commonly referred to as a “Glock switch,” several high-capacity firearm magazines, including 100- and 50-round drum magazines, and a large amount of various ammunition, as well as fentanyl, methamphetamine, six digital scales of various sizes, and other drug paraphernalia.

    The Bureau of Alcohol, Tobacco, Firearms, and Explosives investigated the case along with the Shelby County Sheriff’s Office and Birmingham Police Department.  Assistant U.S. Attorneys Kristy M. Peoples and Alan Kirk prosecuted the case. 

    MIL Security OSI –

  • MIL-OSI Security: Rapid City Man Sentenced to 2½ Years in Federal Prison for Illegally Possessing a Firearm as a Felon

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    RAPID CITY – United States Attorney Alison J. Ramsdell announced today that U.S. District Judge Camela C. Theeler has sentenced a Rapid City man convicted of Possession of a Firearm by a Prohibited Person. The sentencing took place on July 21, 2025.

    William Janis, 25, was sentenced to two years and six months in federal prison, followed by three years of supervised release, and ordered to pay a $100 special assessment to the Federal Crime Victims Fund. This sentence was ordered to run consecutively to a state custody sentence Janis is serving for a prior drug conviction.

    Janis was indicted for Possession of a Firearm by a Prohibited Person by a federal grand jury in February 2025. He pleaded guilty on April 28, 2025.

    In December 2024, Janis was contacted by law enforcement officers after he was seen yelling outside an apartment complex in Rapid City and trying to gain access inside. Officers learned Janis had an active warrant, and he was subsequently arrested. After being arrested, Janis informed officers he had a firearm in his waistband. Officers located and seized a 9mm pistol. Janis had previously been convicted of a felony, was on parole for a felony drug conviction, and knew he was also prohibited from possessing firearms pursuant to his parole agreement.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN). Through PSN, the District of South Dakota seeks to bring together all levels of law enforcement and the communities they serve to reduce gun violence and make our neighborhoods safer for everyone. 

    This case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives and the Rapid City Police Department. Supervisory Assistant U.S. Attorney Benjamin Patterson prosecuted the case.

    Janis was immediately remanded to the custody of the U.S. Marshals Service. 

    MIL Security OSI –

  • MIL-OSI Security: FEDERAL JURY CONVICTS PANAMA CITY FELON OF DRUG TRAFFICKING AND ILLEGAL FIREARMS CHARGES

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    PENSACOLA, FLORIDA – Jarrel Daniel Rivaz, 35, of Panama City, was found guilty by a federal jury of possession with intent to distribute 500 grams or more of cocaine and marijuana, possession of a firearm in furtherance of drug trafficking, and possession of a firearm and ammunition by a convicted felon on Tuesday morning, July 22, 2025. The verdict was announced by John P. Heekin, United States Attorney for the Northern District of Florida.

    U.S. Attorney Heekin said: “Fulfilling the promise of President Donald J. Trump and Attorney General Pam Bondi to Take Back America from violent criminals and drug traffickers requires close collaboration between our federal, state, and local law enforcement partners like we saw in this case.  I am deeply appreciative of the outstanding work of the Bay County Sheriff’s Office and the ATF to get this criminal off our streets, and my office will continue to aggressively prosecute these cases to keep our communities safe from the predations of drug traffickers like this defendant.”

    Evidence admitted at trial established that on December 21, 2023, during a search warrant executed at the defendant’s house in Panama City, law enforcement found and seized over 900 grams of cocaine, a large quantity of marijuana, two firearms, and ammunition. One of the firearms was found loaded in a locked shed in the same bag as some of the marijuana. Rivaz had previously been convicted of a felony drug trafficking offense in New York under the name “Gerald Walker.”

    Sentencing is scheduled for October 16, 2025, at 10 a.m. in Pensacola before United States District Judge T. Kent Wetherell II. Rivaz faces a minimum mandatory term of 10 years’ imprisonment and a maximum possible sentence of life.

    The verdict was the result of a joint investigation by the Bay County Sheriff’s Office and the Bureau of Alcohol, Tobacco, Firearms and Explosives. The case is being prosecuted by Assistant United States Attorneys Ward Narramore and Alicia Forbes.

    This case is part of Operation Take Back America (https://www.justice.gov/dag/media/1393746/dl?inline ) a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    The United States Attorney’s Office for the Northern District of Florida is one of 94 offices that serve as the nation’s principal litigators under the direction of the Attorney General.  To access public court documents online, please visit the U.S. District Court for the Northern District of Florida website. For more information about the United States Attorney’s Office, Northern District of Florida, visit http://www.justice.gov/usao/fln/index.html.

    MIL Security OSI –

  • MIL-OSI: First Merchants Corporation Announces Second Quarter 2025 Earnings Per Share

    Source: GlobeNewswire (MIL-OSI)

    MUNCIE, Ind., July 23, 2025 (GLOBE NEWSWIRE) — First Merchants Corporation (NASDAQ – FRME)

    Second Quarter 2025 Highlights:

    • Net income available to common stockholders was $56.4 million and diluted earnings per common share totaled $0.98 in the second quarter of 2025, compared to $39.5 million and $0.68 in the second quarter of 2024, and $54.9 million and $0.94 in the first quarter of 2025.
    • Robust capital position with Common Equity Tier 1 Capital Ratio of 11.35%.
    • Repurchased 818,480 shares totaling $31.7 million year-to-date; Repurchased 582,486 shares totaling $22.1 million during the second quarter.
    • Total loans grew $297.6 million, or 9.1% annualized, on a linked quarter basis, and $653.6 million, or 5.2%, during the last twelve months.
    • Total deposits increased $335.6 million, or 9.3% annualized, on a linked quarter basis.
    • Nonperforming assets to total assets were 36 basis points compared to 47 basis points on a linked quarter basis.
    • The efficiency ratio totaled 53.99% for the quarter.

    “Our strong balance sheet and earnings growth in the first half of the year underscore the strength and resilience of our business model,” said Mark Hardwick, Chief Executive Officer of First Merchants Bank. “With continued momentum in loan and deposit growth, expanding margins, disciplined expense management, and a robust capital position, we are well-positioned to deliver long-term value for our shareholders. We remain committed to supporting our clients and communities while navigating a dynamic economic environment with confidence and clarity.”

    Second Quarter Financial Results:

    First Merchants Corporation (the “Corporation) reported second quarter 2025 net income available to common stockholders of $56.4 million compared to $39.5 million during the same period in 2024. Diluted earnings per common share for the period totaled $0.98 per share compared to the second quarter of 2024 result of $0.68 per share.

    Total assets equaled $18.6 billion as of quarter-end and loans totaled $13.3 billion. During the past twelve months, total loans grew by $653.6 million, or 5.2%. On a linked quarter basis, loans grew $297.6 million, or 9.1% with growth primarily in Commercial & Industrial loans.

    Investments, totaling $3.4 billion, decreased $372.1 million, or 9.9%, during the last twelve months and decreased $46.2 million, or 5.4% annualized, on a linked quarter basis. The decline in the last twelve months reflected sales of available for sale securities in 2024 totaling $268.5 million.

    Total deposits equaled $14.8 billion as of quarter-end and increased by $228.5 million, or 1.6%, over the past twelve months. Total deposits increased $335.6 million, or 9.3% annualized, on a linked quarter basis. The loan to deposit ratio of 90.1% at period end remained stable on a linked quarter basis.

    The Corporation’s Allowance for Credit Losses – Loans (ACL) totaled $195.3 million as of quarter-end, or 1.47% of total loans. Net charge-offs totaled $2.3 million and provision for credit losses of $5.6 million was recorded during the quarter. Reserves for unfunded commitments totaling $18.0 million remain unchanged from the previous quarter. Non-performing assets to total assets were 0.36% for the second quarter of 2025, a decrease of 11 basis points compared to 0.47% in the linked quarter.

    Net interest income, totaling $133.0 million for the quarter, increased $2.7 million, or 2.1%, compared to prior quarter and increased $4.4 million, or 3.5% compared to the second quarter of 2024. Fully taxable equivalent net interest margin was 3.25%, an increase of three basis points compared to the first quarter of 2025 and an increase of nine basis points compared to the second quarter of 2024. During the quarter, higher yields on earnings assets outpaced increased yields on interest bearing liabilities resulting in margin expansion.

    Noninterest income totaled $31.3 million for the quarter, an increase of $1.3 million, compared to the first quarter of 2025 and was stable compared to the second quarter of 2024. The increase over first quarter of 2025 was driven primarily by higher gains on the sales of loans, treasury management fees, derivative hedge fees, and card payment fees offset by a decrease in other income associated with CRA investments.

    Noninterest expense totaled $93.6 million for the quarter, an increase of $0.7 million from the first quarter of 2025. The increase was from higher marketing and data processing costs.

    The Corporation’s total risk-based capital ratio equaled 13.06%, the common equity tier 1 capital ratio equaled 11.35%, and the tangible common equity ratio totaled 8.92%. These ratios continue to reflect the Corporation’s strong liquidity and capital positions.

    CONFERENCE CALL

    First Merchants Corporation will conduct a second quarter earnings conference call and web cast at 9:00 a.m. (ET) on Thursday, July 24, 2025.

    To access via phone, participants will need to register using the following link where they will be provided a phone number and access code: (https://register-conf.media-server.com/register/BI605c2e360ce04cfc9c4221bda7f67a49)

    To view the webcast and presentation slides, please go to (https://edge.media-server.com/mmc/p/ced58zg3) during the time of the call. A replay of the webcast will be available until July 24, 2026.

    Detailed financial results are reported on the attached pages.

    About First Merchants Corporation

    First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank).

    First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Quotations are carried in daily newspapers and can be found on the company’s Internet web page (http://www.firstmerchants.com).

    FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.

    Forward-Looking Statements

    This release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can often, but not always, be identified by the use of words like “believe”, “continue”, “pattern”, “estimate”, “project”, “intend”, “anticipate”, “expect” and similar expressions or future or conditional verbs such as “will”, “would”, “should”, “could”, “might”, “can”, “may”, or similar expressions. These statements include statements about First Merchants’ goals, intentions and expectations; statements regarding the First Merchants’ business plan and growth strategies; statements regarding the asset quality of First Merchants’ loan and investment portfolios; and estimates of First Merchants’ risks and future costs and benefits. These forward-looking statements are subject to significant risks, assumptions and uncertainties that may cause results to differ materially from those set forth in forward-looking statements, including, among other things: possible changes in monetary and fiscal policies, and laws and regulations; the effects of easing restrictions on participants in the financial services industry; the cost and other effects of legal and administrative cases; possible changes in the credit worthiness of customers and the possible impairment of collectability of loans; fluctuations in market rates of interest; competitive factors in the banking industry; changes in the banking legislation or regulatory requirements of federal and state agencies applicable to bank holding companies and banks like First Merchants’ affiliate bank; continued availability of earnings and excess capital sufficient for the lawful and prudent declaration of dividends; changes in market, economic, operational, liquidity (including the ability to grow and maintain core deposits and retain large, uninsured deposits), credit and interest rate risks associated with the First Merchants’ business; and other risks and factors identified in each of First Merchants’ filings with the Securities and Exchange Commission. First Merchants does not undertake any obligation to update any forward-looking statements, whether written or oral, relating to the matters discussed in this press release. In addition, First Merchants’ past results of operations do not necessarily indicate its anticipated future results.

     
    CONSOLIDATED BALANCE SHEETS
    (Dollars In Thousands) June 30,
        2025       2024  
    ASSETS      
    Cash and due from banks $ 81,567     $ 105,372  
    Interest-bearing deposits   223,343       168,528  
    Investment securities available for sale   1,358,130       1,618,893  
    Investment securities held to maturity, net of allowance for credit losses   2,022,826       2,134,195  
    Loans held for sale   28,783       32,292  
    Loans   13,296,759       12,639,650  
    Less: Allowance for credit losses – loans   (195,316 )     (189,537 )
    Net loans   13,101,443       12,450,113  
    Premises and equipment   122,808       133,245  
    Federal Home Loan Bank stock   47,290       41,738  
    Interest receivable   93,258       97,546  
    Goodwill   712,002       712,002  
    Other intangibles   16,797       23,371  
    Cash surrender value of life insurance   305,695       306,379  
    Other real estate owned   177       4,824  
    Tax asset, deferred and receivable   97,749       107,080  
    Other assets   380,909       367,845  
    TOTAL ASSETS $ 18,592,777     $ 18,303,423  
    LIABILITIES      
    Deposits:      
    Noninterest-bearing $ 2,197,416     $ 2,303,313  
    Interest-bearing   12,600,162       12,265,757  
    Total Deposits   14,797,578       14,569,070  
    Borrowings:      
    Federal funds purchased   85,000       147,229  
    Securities sold under repurchase agreements   114,758       100,451  
    Federal Home Loan Bank advances   898,702       832,703  
    Subordinated debentures and other borrowings   62,617       93,589  
    Total Borrowings   1,161,077       1,173,972  
    Interest payable   16,174       18,554  
    Other liabilities   269,996       329,302  
    Total Liabilities   16,244,825       16,090,898  
    STOCKHOLDERS’ EQUITY      
    Preferred Stock, $1,000 par value, $1,000 liquidation value:      
    Authorized — 600 cumulative shares      
    Issued and outstanding – 125 cumulative shares   125       125  
    Preferred Stock, Series A, no par value, $2,500 liquidation preference:      
    Authorized — 10,000 non-cumulative perpetual shares      
    Issued and outstanding – 10,000 non-cumulative perpetual shares   25,000       25,000  
    Common Stock, $.125 stated value:      
    Authorized — 100,000,000 shares      
    Issued and outstanding – 57,272,433 and 58,045,653 shares   7,159       7,256  
    Additional paid-in capital   1,163,170       1,191,193  
    Retained earnings   1,342,473       1,200,930  
    Accumulated other comprehensive loss   (189,975 )     (211,979 )
    Total Stockholders’ Equity   2,347,952       2,212,525  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,592,777     $ 18,303,423  
           
    CONSOLIDATED STATEMENTS OF INCOME Three Months Ended   Six Months Ended
    (Dollars In Thousands, Except Per Share Amounts) June 30,   June 30,
        2025       2024       2025       2024  
    INTEREST INCOME              
    Loans:              
    Taxable $ 195,173     $ 201,413     $ 382,901     $ 399,436  
    Tax-exempt   10,805       8,430       21,337       16,620  
    Investment securities:              
    Taxable   8,266       9,051       16,638       17,799  
    Tax-exempt   12,516       13,613       25,033       27,224  
    Deposits with financial institutions   1,892       2,995       4,264       9,488  
    Federal Home Loan Bank stock   1,083       879       2,080       1,714  
    Total Interest Income   229,735       236,381       452,253       472,281  
    INTEREST EXPENSE              
    Deposits   84,241       99,151       164,788       197,436  
    Federal funds purchased   965       126       1,777       126  
    Securities sold under repurchase agreements   663       645       1,405       1,677  
    Federal Home Loan Bank advances   9,714       6,398       19,078       13,171  
    Subordinated debentures and other borrowings   1,138       1,490       1,921       4,237  
    Total Interest Expense   96,721       107,810       188,969       216,647  
    NET INTEREST INCOME   133,014       128,571       263,284       255,634  
    Provision for credit losses   5,600       24,500       9,800       26,500  
    NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES   127,414       104,071       253,484       229,134  
    NONINTEREST INCOME              
    Service charges on deposit accounts   8,566       8,214       16,638       16,121  
    Fiduciary and wealth management fees   8,831       8,825       17,475       17,025  
    Card payment fees   4,932       4,739       9,458       9,239  
    Net gains and fees on sales of loans   5,849       5,141       10,871       8,395  
    Derivative hedge fees   831       489       1,235       752  
    Other customer fees   401       460       816       887  
    Earnings on cash surrender value of life insurance   1,913       1,929       4,092       3,521  
    Net realized losses on sales of available for sale securities   (1 )     (49 )     (8 )     (51 )
    Other income (loss)   (19 )     1,586       774       2,083  
    Total Noninterest Income   31,303       31,334       61,351       57,972  
    NONINTEREST EXPENSES              
    Salaries and employee benefits   54,527       52,214       109,509       110,507  
    Net occupancy   6,845       6,746       14,061       14,058  
    Equipment   6,927       6,599       13,935       12,825  
    Marketing   1,997       1,773       3,350       2,971  
    Outside data processing fees   7,107       7,072       13,036       13,961  
    Printing and office supplies   272       354       619       707  
    Intangible asset amortization   1,505       1,771       3,031       3,728  
    FDIC assessments   3,552       3,278       7,200       7,565  
    Other real estate owned and foreclosure expenses   29       373       629       907  
    Professional and other outside services   3,741       3,822       7,002       7,774  
    Other expenses   7,096       7,411       14,128       13,345  
    Total Noninterest Expenses   93,598       91,413       186,500       188,348  
    INCOME BEFORE INCOME TAX   65,119       43,992       128,335       98,758  
    Income tax expense   8,287       4,067       16,164       10,892  
    NET INCOME   56,832       39,925       112,171       87,866  
    Preferred stock dividends   469       469       938       938  
    NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 56,363     $ 39,456     $ 111,233     $ 86,928  
                   
                   
    PER SHARE DATA:              
    Basic Net Income Available to Common Stockholders $ 0.98     $ 0.68     $ 1.93     $ 1.48  
    Diluted Net Income Available to Common Stockholders $ 0.98     $ 0.68     $ 1.92     $ 1.48  
    Cash Dividends Paid to Common Stockholders $ 0.36     $ 0.35     $ 0.71     $ 0.69  
    Tangible Common Book Value Per Share $ 27.90     $ 25.10     $ 27.90     $ 25.10  
    Average Diluted Common Shares Outstanding (in thousands)   57,773       58,328       58,005       58,800  
                                   
    FINANCIAL HIGHLIGHTS              
    (Dollars In Thousands) Three Months Ended   Six Months Ended
      June 30,   June 30,
       2025    2024    2025    2024
    NET CHARGE-OFFS $ 2,315       $ 39,644       $ 7,241       $ 41,897    
                   
    AVERAGE BALANCES:              
    Total Assets $ 18,508,785       $ 18,332,159       $ 18,425,723       $ 18,381,340    
    Total Loans   13,211,729         12,620,530         13,077,288         12,548,798    
    Total Earning Assets   17,158,984         17,013,984         17,060,278         17,068,917    
    Total Deposits   14,632,113         14,895,867         14,526,314         14,888,536    
    Total Stockholders’ Equity   2,340,010         2,203,361         2,340,440         2,222,750    
                   
    FINANCIAL RATIOS:              
    Return on Average Assets   1.23   %     0.87   %     1.22   %     0.96   %
    Return on Average Stockholders’ Equity   9.63         7.16         9.51         7.82    
    Return on Tangible Common Stockholders’ Equity   14.49         11.29         14.30         12.26    
    Average Earning Assets to Average Assets   92.71         92.81         92.59         92.86    
    Allowance for Credit Losses – Loans as % of Total Loans   1.47         1.50         1.47         1.50    
    Net Charge-offs as % of Average Loans (Annualized)   0.07         1.26         0.11         0.67    
    Average Stockholders’ Equity to Average Assets   12.64         12.02         12.70         12.09    
    Tax Equivalent Yield on Average Earning Assets   5.50         5.69         5.45         5.67    
    Interest Expense/Average Earning Assets   2.25         2.53         2.22         2.54    
    Net Interest Margin (FTE) on Average Earning Assets   3.25         3.16         3.23         3.13    
    Efficiency Ratio   53.99         53.84         54.26         56.47    
                   
    ASSET QUALITY                  
    (Dollars In Thousands) June 30,   March 31,   December 31,   September 30,   June 30,
       2025    2025    2024    2024    2024
    Nonaccrual Loans $ 67,358       $ 81,922       $ 73,773       $ 59,088       $ 61,906    
    Other Real Estate Owned and Repossessions   177         4,966         4,948         5,247         4,824    
    Nonperforming Assets (NPA)   67,535         86,888         78,721         64,335         66,730    
    90+ Days Delinquent   4,443         4,280         5,902         14,105         1,686    
    NPAs & 90 Day Delinquent $ 71,978       $ 91,168       $ 84,623       $ 78,440       $ 68,416    
                       
    Allowance for Credit Losses – Loans $ 195,316       $ 192,031       $ 192,757       $ 187,828       $ 189,537    
    Quarterly Net Charge-offs   2,315         4,926         771         6,709         39,644    
    NPAs / Actual Assets %   0.36   %     0.47   %     0.43   %     0.35   %     0.36   %
    NPAs & 90 Day / Actual Assets %   0.39   %     0.49   %     0.46   %     0.43   %     0.37   %
    NPAs / Actual Loans and OREO %   0.51   %     0.67   %     0.61   %     0.51   %     0.53   %
    Allowance for Credit Losses – Loans / Actual Loans (%)   1.47   %     1.47   %     1.50   %     1.48   %     1.50   %
    Quarterly Net Charge-offs as % of Average Loans (Annualized)   0.07   %     0.15   %     0.02   %     0.21   %     1.26   %
    CONSOLIDATED BALANCE SHEETS                  
    (Dollars In Thousands) June 30,   March 31,   December 31,   September 30,   June 30,
        2025       2025       2024       2024       2024  
    ASSETS                  
    Cash and due from banks $ 81,567     $ 86,113     $ 87,616     $ 84,719     $ 105,372  
    Interest-bearing deposits   223,343       331,534       298,891       359,126       168,528  
    Investment securities available for sale   1,358,130       1,378,489       1,386,475       1,553,496       1,618,893  
    Investment securities held to maturity, net of allowance for credit losses   2,022,826       2,048,632       2,074,220       2,108,649       2,134,195  
    Loans held for sale   28,783       23,004       18,663       40,652       32,292  
    Loans   13,296,759       13,004,905       12,854,359       12,646,808       12,639,650  
    Less: Allowance for credit losses – loans   (195,316 )     (192,031 )     (192,757 )     (187,828 )     (189,537 )
    Net loans   13,101,443       12,812,874       12,661,602       12,458,980       12,450,113  
    Premises and equipment   122,808       128,749       129,743       129,582       133,245  
    Federal Home Loan Bank stock   47,290       45,006       41,690       41,716       41,738  
    Interest receivable   93,258       88,352       91,829       92,055       97,546  
    Goodwill   712,002       712,002       712,002       712,002       712,002  
    Other intangibles   16,797       18,302       19,828       21,599       23,371  
    Cash surrender value of life insurance   305,695       304,918       304,906       304,613       306,379  
    Other real estate owned   177       4,966       4,948       5,247       4,824  
    Tax asset, deferred and receivable   97,749       87,665       92,387       86,732       107,080  
    Other assets   380,909       369,181       387,169       348,384       367,845  
    TOTAL ASSETS $ 18,592,777     $ 18,439,787     $ 18,311,969     $ 18,347,552     $ 18,303,423  
    LIABILITIES                  
    Deposits:                  
    Noninterest-bearing $ 2,197,416     $ 2,185,057     $ 2,325,579     $ 2,334,197     $ 2,303,313  
    Interest-bearing   12,600,162       12,276,921       12,196,047       12,030,903       12,265,757  
    Total Deposits   14,797,578       14,461,978       14,521,626       14,365,100       14,569,070  
    Borrowings:                  
    Federal funds purchased   85,000       185,000       99,226       30,000       147,229  
    Securities sold under repurchase agreements   114,758       122,947       142,876       124,894       100,451  
    Federal Home Loan Bank advances   898,702       972,478       822,554       832,629       832,703  
    Subordinated debentures and other borrowings   62,617       62,619       93,529       93,562       93,589  
    Total Borrowings   1,161,077       1,343,044       1,158,185       1,081,085       1,173,972  
    Deposits and other liabilities held for sale   —       —       —       288,476       —  
    Interest payable   16,174       13,304       16,102       18,089       18,554  
    Other liabilities   269,996       289,247       311,073       292,429       329,302  
    Total Liabilities   16,244,825       16,107,573       16,006,986       16,045,179       16,090,898  
    STOCKHOLDERS’ EQUITY                  
    Preferred Stock, $1,000 par value, $1,000 liquidation value:                  
    Authorized — 600 cumulative shares                  
    Issued and outstanding – 125 cumulative shares   125       125       125       125       125  
    Preferred Stock, Series A, no par value, $2,500 liquidation preference:                  
    Authorized — 10,000 non-cumulative perpetual shares                  
    Issued and outstanding – 10,000 non-cumulative perpetual shares   25,000       25,000       25,000       25,000       25,000  
    Common Stock, $.125 stated value:                  
    Authorized — 100,000,000 shares                  
    Issued and outstanding   7,159       7,226       7,247       7,265       7,256  
    Additional paid-in capital   1,163,170       1,183,263       1,188,768       1,192,683       1,191,193  
    Retained earnings   1,342,473       1,306,911       1,272,528       1,229,125       1,200,930  
    Accumulated other comprehensive loss   (189,975 )     (190,311 )     (188,685 )     (151,825 )     (211,979 )
    Total Stockholders’ Equity   2,347,952       2,332,214       2,304,983       2,302,373       2,212,525  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,592,777     $ 18,439,787     $ 18,311,969     $ 18,347,552     $ 18,303,423  
                       
    CONSOLIDATED STATEMENTS OF INCOME                  
    (Dollars In Thousands, Except Per Share Amounts) June 30,   March 31,   December 31,   September 30,   June 30,
       2025    2025    2024    2024    2024
    INTEREST INCOME                  
    Loans:                  
    Taxable $ 195,173       $ 187,728       $ 197,536       $ 206,680       $ 201,413    
    Tax-exempt   10,805         10,532         9,020         8,622         8,430    
    Investment securities:                  
    Taxable   8,266         8,372         9,024         9,263         9,051    
    Tax-exempt   12,516         12,517         12,754         13,509         13,613    
    Deposits with financial institutions   1,892         2,372         5,350         2,154         2,995    
    Federal Home Loan Bank stock   1,083         997         958         855         879    
    Total Interest Income   229,735         222,518         234,642         241,083         236,381    
    INTEREST EXPENSE                  
    Deposits   84,241         80,547         89,835         98,856         99,151    
    Federal funds purchased   965         812         26         329         126    
    Securities sold under repurchase agreements   663         742         680         700         645    
    Federal Home Loan Bank advances   9,714         9,364         8,171         8,544         6,398    
    Subordinated debentures and other borrowings   1,138         783         1,560         1,544         1,490    
    Total Interest Expense   96,721         92,248         100,272         109,973         107,810    
    NET INTEREST INCOME   133,014         130,270         134,370         131,110         128,571    
    Provision for credit losses   5,600         4,200         4,200         5,000         24,500    
    NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES   127,414         126,070         130,170         126,110         104,071    
    NONINTEREST INCOME                  
    Service charges on deposit accounts   8,566         8,072         8,124         8,361         8,214    
    Fiduciary and wealth management fees   8,831         8,644         8,665         8,525         8,825    
    Card payment fees   4,932         4,526         4,957         5,121         4,739    
    Net gains and fees on sales of loans   5,849         5,022         5,681         6,764         5,141    
    Derivative hedge fees   831         404         1,594         736         489    
    Other customer fees   401         415         316         344         460    
    Earnings on cash surrender value of life insurance   1,913         2,179         2,188         2,755         1,929    
    Net realized losses on sales of available for sale securities   (1 )       (7 )       (11,592 )       (9,114 )       (49 )  
    Gain on branch sale   —         —         19,983         —         —    
    Other income (loss)   (19 )       793         2,826         1,374         1,586    
    Total Noninterest Income   31,303         30,048         42,742         24,866         31,334    
    NONINTEREST EXPENSES                  
    Salaries and employee benefits   54,527         54,982         55,437         55,223         52,214    
    Net occupancy   6,845         7,216         7,335         6,994         6,746    
    Equipment   6,927         7,008         7,028         6,949         6,599    
    Marketing   1,997         1,353         2,582         1,836         1,773    
    Outside data processing fees   7,107         5,929         6,029         7,150         7,072    
    Printing and office supplies   272         347         377         378         354    
    Intangible asset amortization   1,505         1,526         1,771         1,772         1,771    
    FDIC assessments   3,552         3,648         3,744         3,720         3,278    
    Other real estate owned and foreclosure expenses   29         600         227         942         373    
    Professional and other outside services   3,741         3,261         3,777         3,035         3,822    
    Other expenses   7,096         7,032         7,982         6,630         7,411    
    Total Noninterest Expenses   93,598         92,902         96,289         94,629         91,413    
    INCOME BEFORE INCOME TAX   65,119         63,216         76,623         56,347         43,992    
    Income tax expense   8,287         7,877         12,274         7,160         4,067    
    NET INCOME   56,832         55,339         64,349         49,187         39,925    
    Preferred stock dividends   469         469         469         468         469    
    NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 56,363       $ 54,870       $ 63,880       $ 48,719       $ 39,456    
                       
                       
    PER SHARE DATA:                  
    Basic Net Income Available to Common Stockholders $ 0.98       $ 0.95       $ 1.10       $ 0.84       $ 0.68    
    Diluted Net Income Available to Common Stockholders $ 0.98       $ 0.94       $ 1.10       $ 0.84       $ 0.68    
    Cash Dividends Paid to Common Stockholders $ 0.36       $ 0.35       $ 0.35       $ 0.35       $ 0.35    
    Tangible Common Book Value Per Share $ 27.90       $ 27.34       $ 26.78       $ 26.64       $ 25.10    
    Average Diluted Common Shares Outstanding (in thousands)   57,773         58,242         58,247         58,289         58,328    
    FINANCIAL RATIOS:                  
    Return on Average Assets   1.23   %     1.21   %     1.39   %     1.07   %     0.87   %
    Return on Average Stockholders’ Equity   9.63         9.38         11.05         8.66         7.16    
    Return on Tangible Common Stockholders’ Equity   14.49         14.12         16.75         13.39         11.29    
    Average Earning Assets to Average Assets   92.71         92.47         92.48         92.54         92.81    
    Allowance for Credit Losses – Loans as % of Total Loans   1.47         1.47         1.50         1.48         1.50    
    Net Charge-offs as % of Average Loans (Annualized)   0.07         0.15         0.02         0.21         1.26    
    Average Stockholders’ Equity to Average Assets   12.64         12.76         12.51         12.26         12.02    
    Tax Equivalent Yield on Average Earning Assets   5.50         5.39         5.63         5.82         5.69    
    Interest Expense/Average Earning Assets   2.25         2.17         2.35         2.59         2.53    
    Net Interest Margin (FTE) on Average Earning Assets   3.25         3.22         3.28         3.23         3.16    
    Efficiency Ratio   53.99         54.54         48.48         53.76         53.84    
    LOANS                  
    (Dollars In Thousands) June 30,   March 31,   December 31,   September 30,   June 30,
        2025       2025       2024       2024       2024  
    Commercial and industrial loans $ 4,440,924     $ 4,306,597     $ 4,114,292     $ 4,041,217     $ 3,949,817  
    Agricultural land, production and other loans to farmers   265,172       243,864       256,312       238,743       239,926  
    Real estate loans:                  
    Construction   836,033       793,175       792,144       814,704       823,267  
    Commercial real estate, non-owner occupied   2,171,092       2,177,869       2,274,016       2,251,351       2,323,533  
    Commercial real estate, owner occupied   1,226,797       1,214,739       1,157,944       1,152,751       1,174,195  
    Residential   2,397,094       2,389,852       2,374,729       2,366,943       2,370,905  
    Home equity   673,961       650,499       659,811       641,188       631,104  
    Individuals’ loans for household and other personal expenditures   141,045       140,954       166,028       158,480       162,089  
    Public finance and other commercial loans   1,144,641       1,087,356       1,059,083       981,431       964,814  
    Loans   13,296,759       13,004,905       12,854,359       12,646,808       12,639,650  
    Allowance for credit losses – loans   (195,316 )     (192,031 )     (192,757 )     (187,828 )     (189,537 )
    NET LOANS $ 13,101,443     $ 12,812,874     $ 12,661,602     $ 12,458,980     $ 12,450,113  
                       
                       
    DEPOSITS                  
    (Dollars In Thousands) June 30,   March 31,   December 31,   September 30,   June 30,
        2025       2025       2024       2024       2024  
    Demand deposits $ 7,798,695     $ 7,786,554     $ 7,980,061     $ 7,678,510     $ 7,757,679  
    Savings deposits   4,984,659       4,791,874       4,522,758       4,302,236       4,339,161  
    Certificates and other time deposits of $100,000 or less   617,857       625,203       692,068       802,949       889,949  
    Certificates and other time deposits of $100,000 or more   891,139       896,143       1,043,068       1,277,833       1,415,131  
    Brokered certificates of deposits1   505,228       362,204       283,671       303,572       167,150  
    TOTAL DEPOSITS $ 14,797,578     $ 14,461,978     $ 14,521,626     $ 14,365,100     $ 14,569,070  
                       
    1 – Total brokered deposits of $1.2 billion, which includes brokered CD’s of $505.2 million at June 30, 2025.
                       
    CONSOLIDATED AVERAGE BALANCE SHEET AND NET INTEREST MARGIN ANALYSIS
    (Dollars In Thousands)                      
      Three Months Ended
      June 30, 2025   June 30, 2024
      Average
    Balance    		   Interest
    Income /
    Expense    		   Average
    Rate     		   Average
    Balance    		   Interest
    Income /
    Expense    		   Average
    Rate
    ASSETS                      
    Interest-bearing deposits $ 252,613     $ 1,892     3.00   %   $ 322,647     $ 2,995     3.71   %
    Federal Home Loan Bank stock   46,598       1,083     9.30         41,749       879     8.42    
    Investment Securities: (1)                      
    Taxable   1,605,718       8,266     2.06         1,788,749       9,051     2.02    
    Tax-exempt (2)   2,042,326       15,843     3.10         2,240,309       17,232     3.08    
    Total Investment Securities   3,648,044       24,109     2.64         4,029,058       26,283     2.61    
    Loans held for sale   25,411       389     6.12         28,585       431     6.03    
    Loans: (3)                      
    Commercial   9,006,650       154,108     6.84         8,691,746       160,848     7.40    
    Real estate mortgage   2,200,521       25,062     4.56         2,150,591       23,799     4.43    
    HELOC and installment   834,901       15,614     7.48         823,417       16,335     7.94    
    Tax-exempt (2)   1,144,246       13,677     4.78         926,191       10,670     4.61    
    Total Loans   13,211,729       208,850     6.32         12,620,530       212,083     6.72    
    Total Earning Assets   17,158,984       235,934     5.50   %     17,013,984       242,240     5.69   %
    Total Non-Earning Assets   1,349,801               1,318,175          
    TOTAL ASSETS $ 18,508,785             $ 18,332,159          
    LIABILITIES                      
    Interest-Bearing Deposits:                      
    Interest-bearing deposits $ 5,545,158     $ 35,303     2.55   %   $ 5,586,549     $ 40,994     2.94   %
    Money market deposits   3,613,952       28,714     3.18         3,036,398       27,230     3.59    
    Savings deposits   1,282,951       2,513     0.78         1,508,734       3,476     0.92    
    Certificates and other time deposits   2,003,682       17,711     3.54         2,414,967       27,451     4.55    
    Total Interest-Bearing Deposits   12,445,743       84,241     2.71         12,546,648       99,151     3.16    
    Borrowings   1,250,519       12,480     3.99         885,919       8,659     3.91    
    Total Interest-Bearing Liabilities   13,696,262       96,721     2.82         13,432,567       107,810     3.21    
    Noninterest-bearing deposits   2,186,370               2,349,219          
    Other liabilities   286,143               347,012          
    Total Liabilities   16,168,775               16,128,798          
    STOCKHOLDERS’ EQUITY   2,340,010               2,203,361          
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,508,785             $ 18,332,159          
    Net Interest Income (FTE)     $ 139,213             $ 134,430      
    Net Interest Spread (FTE) (4)         2.68   %           2.48   %
                           
    Net Interest Margin (FTE):                      
    Interest Income (FTE) / Average Earning Assets         5.50   %           5.69   %
    Interest Expense / Average Earning Assets         2.25   %           2.53   %
    Net Interest Margin (FTE) (5)         3.25   %           3.16   %
                           
    (1) Average balance of securities is computed based on the average of the historical amortized cost balances without the effects of the fair value adjustments. Annualized amounts are computed using a 30/360 day basis.
    (2) Tax-exempt securities and loans are presented on a fully taxable equivalent basis, using a marginal tax rate of 21 percent for 2025 and 2024. These totals equal $6,199 and $5,859 for the three months ended June 30, 2025 and 2024, respectively.
    (3) Non accruing loans have been included in the average balances.
    (4) Net Interest Spread (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average interest-bearing liabilities.
    (5) Net Interest Margin (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average earning assets.
     
    CONSOLIDATED AVERAGE BALANCE SHEET AND NET INTEREST MARGIN ANALYSIS
    (Dollars In Thousands)                      
      Six Months Ended
      June 30, 2025   June 30, 2024
      Average
    Balance    		   Interest
    Income /
    Expense    		   Average
    Rate    		   Average
    Balance    		   Interest
    Income /
    Expense    		   Average
    Rate
    ASSETS                      
    Interest-bearing deposits $ 273,200     $ 4,264     3.12   %   $ 449,173     $ 9,488     4.22   %
    Federal Home Loan Bank stock   45,296       2,080     9.18         41,757       1,714     8.21    
    Investment Securities: (1)                      
    Taxable   1,620,005       16,638     2.05         1,785,903       17,799     1.99    
    Tax-exempt (2)   2,044,489       31,687     3.10         2,243,286       34,461     3.07    
    Total Investment Securities   3,664,494       48,325     2.64         4,029,189       52,260     2.59    
    Loans held for sale   23,190       708     6.11         25,184       759     6.03    
    Loans: (3)                      
    Commercial   8,889,119       301,880     6.79         8,644,927       320,057     7.40    
    Real estate mortgage   2,195,988       49,508     4.51         2,140,769       46,156     4.31    
    HELOC and installment   831,904       30,805     7.41         822,616       32,464     7.89    
    Tax-exempt (2)   1,137,087       27,009     4.75         915,302       21,038     4.60    
    Total Loans   13,077,288       409,910     6.27         12,548,798       420,474     6.70    
    Total Earning Assets   17,060,278       464,579     5.45   %     17,068,917       483,936     5.67   %
    Total Non-Earning Assets   1,365,445               1,312,423          
    TOTAL ASSETS $ 18,425,723             $ 18,381,340          
    LIABILITIES                      
    Interest-Bearing deposits:                      
    Interest-bearing deposits $ 5,533,858     $ 69,909     2.53   %   $ 5,503,185     $ 80,484     2.92   %
    Money market deposits   3,526,461       54,666     3.10         3,040,938       54,613     3.59    
    Savings deposits   1,291,133       4,958     0.77         1,534,305       7,277     0.95    
    Certificates and other time deposits   1,975,923       35,255     3.57         2,421,413       55,062     4.55    
    Total Interest-Bearing Deposits   12,327,375       164,788     2.67         12,499,841       197,436     3.16    
    Borrowings   1,256,688       24,181     3.85         948,866       19,211     4.05    
    Total Interest-Bearing Liabilities   13,584,063       188,969     2.78         13,448,707       216,647     3.22    
    Noninterest-bearing deposits   2,198,939               2,388,695          
    Other liabilities   302,281               321,188          
    Total Liabilities   16,085,283               16,158,590          
    STOCKHOLDERS’ EQUITY   2,340,440               2,222,750          
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,425,723             $ 18,381,340          
    Net Interest Income (FTE)     $ 275,610             $ 267,289      
    Net Interest Spread (FTE) (4)         2.67   %           2.45   %
                           
    Net Interest Margin (FTE):                      
    Interest Income (FTE) / Average Earning Assets         5.45   %           5.67   %
    Interest Expense / Average Earning Assets         2.22   %           2.54   %
    Net Interest Margin (FTE) (5)         3.23   %           3.13   %
                           
    (1) Average balance of securities is computed based on the average of the historical amortized cost balances without the effects of the fair value adjustments. Annualized amounts are computed using a 30/360 day basis.
    (2) Tax-exempt securities and loans are presented on a fully taxable equivalent basis, using a marginal tax rate of 21 percent for 2025 and 2024. These totals equal $12,326 and $11,655 for the six months ended June 30, 2025 and 2024, respectively.
    (3) Non accruing loans have been included in the average balances. 
    (4) Net Interest Spread (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average interest-bearing liabilities.
    (5) Net Interest Margin (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average earning assets.
     
    ADJUSTED NET INCOME AND DILUTED EARNINGS PER COMMON SHARE – NON-GAAP
    (Dollars In Thousands, Except Per Share Amounts) Three Months Ended   Six Months Ended
      June 30,   March 31,   December 31,   September 30,   June 30,   June 30,   June 30,
       2025    2025    2024    2024    2024    2025    2024
    Net Income Available to Common Stockholders – GAAP $ 56,363       $ 54,870       $ 63,880       $ 48,719       $ 39,456       $ 111,233       $ 86,928    
    Adjustments:                          
    Net realized losses on sales of available for sale securities   1         7         11,592         9,114         49         8         51    
    Gain on branch sale   —         —         (19,983 )       —         —         —         —    
    Non-core expenses1,2   —         —         762         —         —         —         3,481    
    Tax on adjustments   —         (2 )       1,851         (2,220 )       (12 )       (2 )       (860 )  
    Adjusted Net Income Available to Common Stockholders – Non-GAAP $ 56,364       $ 54,875       $ 58,102       $ 55,613       $ 39,493       $ 111,239       $ 89,600    
                               
    Average Diluted Common Shares Outstanding (in thousands)   57,773         58,242         58,247         58,289         58,328         58,005         58,800    
                               
    Diluted Earnings Per Common Share – GAAP $ 0.98       $ 0.94       $ 1.10       $ 0.84       $ 0.68       $ 1.92       $ 1.48    
    Adjustments:                          
    Net realized losses on sales of available for sale securities   —         —         0.20         0.15         —         —         —    
    Gain on branch sale   —         —         (0.34 )       —         —         —         —    
    Non-core expenses1,2   —         —         0.01         —         —         —         0.06    
    Tax on adjustments   —         —         0.03         (0.04 )       —         —         (0.01 )  
    Adjusted Diluted Earnings Per Common Share – Non-GAAP $ 0.98       $ 0.94       $ 1.00       $ 0.95       $ 0.68       $ 1.92       $ 1.53    
                               
    1 – Non-core expenses in the Three Months Ended December 31, 2024 included $0.8 million of costs directly related to the branch sale.
    2 – Non-core expenses in the Six Months Ended June 30, 2024 included $2.4 million from duplicative online banking conversion costs and $1.1 million from the FDIC special assessment.
                               
                               
    NET INTEREST MARGIN (“NIM”), ADJUSTED
    (Dollars in Thousands)
      Three Months Ended   Six Months Ended
      June 30,   March 31,   December 31,   September 30,   June 30,   June 30,   June 30,
       2025    2025    2024    2024    2024    2025    2024
    Net Interest Income (GAAP) $ 133,014       $ 130,270       $ 134,370       $ 131,110       $ 128,571       $ 263,284       $ 255,634    
    Fully Taxable Equivalent (“FTE”) Adjustment   6,199         6,127         5,788         5,883         5,859         12,326         11,655    
    Net Interest Income (FTE) (non-GAAP) $ 139,213       $ 136,397       $ 140,158       $ 136,993       $ 134,430       $ 275,610       $ 267,289    
                               
    Average Earning Assets (GAAP) $ 17,158,984       $ 16,960,475       $ 17,089,198       $ 16,990,358       $ 17,013,984       $ 17,060,278       $ 17,068,917    
    Net Interest Margin (GAAP)   3.10   %     3.07   %     3.15   %     3.09   %     3.02   %     3.09   %     3.00   %
    FTE Adjustment   0.15   %     0.15   %     0.13   %     0.14   %     0.14   %     0.14   %     0.13   %
    Net Interest Margin (FTE) (non-GAAP)   3.25   %     3.22   %     3.28   %     3.23   %     3.16   %     3.23   %     3.13   %
                               
    RETURN ON TANGIBLE COMMON EQUITY – NON-GAAP
    (Dollars In Thousands) Three Months Ended   Six Months Ended
      June 30,   March 31,   December 31,   September 30,   June 30,   June 30,   June 30,
       2025    2025    2024    2024    2024    2025    2024
    Total Average Stockholders’ Equity (GAAP) $ 2,340,010       $ 2,340,874       $ 2,312,270       $ 2,251,547       $ 2,203,361       $ 2,340,440       $ 2,222,750    
    Less: Average Preferred Stock   (25,125 )       (25,125 )       (25,125 )       (25,125 )       (25,125 )       (25,125 )       (25,125 )  
    Less: Average Intangible Assets, Net of Tax   (725,813 )       (726,917 )       (728,218 )       (729,581 )       (730,980 )       (726,362 )       (731,706 )  
    Average Tangible Common Equity, Net of Tax (Non-GAAP) $ 1,589,072       $ 1,588,832       $ 1,558,927       $ 1,496,841       $ 1,447,256       $ 1,588,953       $ 1,465,919    
                               
    Net Income Available to Common Stockholders (GAAP) $ 56,363       $ 54,870       $ 63,880       $ 48,719       $ 39,456       $ 111,233       $ 86,928    
    Plus: Intangible Asset Amortization, Net of Tax   1,188         1,206         1,399         1,399         1,399         2,394         2,945    
    Tangible Net Income (Non-GAAP) $ 57,551       $ 56,076       $ 65,279       $ 50,118       $ 40,855       $ 113,627       $ 89,873    
                               
    Return on Tangible Common Equity (Non-GAAP)   14.49   %     14.12   %     16.75   %     13.39   %     11.29   %     14.30   %     12.26   %
                               
                               
    EFFICIENCY RATIO – NON-GAAP                          
    (Dollars In Thousands) Three Months Ended   Six Months Ended
      June 30,   March 31,   December 31,   September 30,   June 30,   June 30,   June 30,
       2025    2025    2024    2024    2024    2025    2024
    Noninterest Expense (GAAP) $ 93,598       $ 92,902       $ 96,289       $ 94,629       $ 91,413       $ 186,500       $ 188,348    
    Less: Intangible Asset Amortization   (1,505 )       (1,526 )       (1,771 )       (1,772 )       (1,771 )       (3,031 )       (3,728 )  
    Less: OREO and Foreclosure Expenses   (29 )       (600 )       (227 )       (942 )       (373 )       (629 )       (907 )  
                                                                         
    Adjusted Noninterest Expense (Non-GAAP) $ 92,064       $ 90,776       $ 94,291       $ 91,915       $ 89,269       $ 182,840       $ 183,713    
                               
    Net Interest Income (GAAP) $ 133,014       $ 130,270       $ 134,370       $ 131,110       $ 128,571       $ 263,284       $ 255,634    
    Plus: Fully Taxable Equivalent Adjustment   6,199         6,127         5,788         5,883         5,859         12,326         11,655    
    Net Interest Income on a Fully Taxable Equivalent Basis (Non-GAAP) $ 139,213       $ 136,397       $ 140,158       $ 136,993       $ 134,430       $ 275,610       $ 267,289    
                               
    Noninterest Income (GAAP) $ 31,303       $ 30,048       $ 42,742       $ 24,866       $ 31,334       $ 61,351       $ 57,972    
    Less: Investment Securities (Gains) Losses   1         7         11,592         9,114         49         8         51    
    Adjusted Noninterest Income (Non-GAAP) $ 31,304       $ 30,055       $ 54,334       $ 33,980       $ 31,383       $ 61,359       $ 58,023    
    Adjusted Revenue (Non-GAAP) $ 170,517       $ 166,452       $ 194,492       $ 170,973       $ 165,813       $ 336,969       $ 325,312    
    Efficiency Ratio (Non-GAAP)   53.99   %     54.54   %     48.48   %     53.76   %     53.84   %     54.26   %     56.47   %
                               
    Adjusted Noninterest Expense (Non-GAAP) $ 92,064       $ 90,776       $ 94,291       $ 91,915       $ 89,269       $ 182,840       $ 183,713    
    Less: Non-core Expenses1,2   —         —         (762 )       —         —         —         (3,481 )  
    Adjusted Noninterest Expense Excluding Non-core Expenses (Non-GAAP) $ 92,064       $ 90,776       $ 93,529       $ 91,915       $ 89,269       $ 182,840       $ 180,232    
                               
    Adjusted Revenue (Non-GAAP) $ 170,517       $ 166,452       $ 194,492       $ 170,973       $ 165,813       $ 336,969       $ 325,312    
    Less: Gain on Branch Sale   —         —         (19,983 )       —         —         —         —    
    Adjusted Revenue Excluding Gain on Branch Sale (Non-GAAP) $ 170,517       $ 166,452       $ 174,509       $ 170,973       $ 165,813       $ 336,969       $ 325,312    
                                                                         
    Adjusted Efficiency Ratio (Non-GAAP)   53.99   %     54.54   %     53.60   %     53.76   %     53.84   %     54.26   %     55.40   %
     
    1 – Non-core expenses in the Three Months Ended December 31, 2024 included $0.8 million of costs directly related to the branch sale.
    2 – Non-core expenses in the Six Months Ended June 30, 2024 included $2.4 million from duplicative online banking conversion costs and $1.1 million from the FDIC special assessment.
                               


    For more information, contact:
    Nicole M. Weaver, First Vice President and Director of Corporate Administration
    765-521-7619
    http://www.firstmerchants.com

    SOURCE: First Merchants Corporation, Muncie, Indiana

    The MIL Network –

  • MIL-OSI: First Merchants Corporation Announces Second Quarter 2025 Earnings Per Share

    Source: GlobeNewswire (MIL-OSI)

    MUNCIE, Ind., July 23, 2025 (GLOBE NEWSWIRE) — First Merchants Corporation (NASDAQ – FRME)

    Second Quarter 2025 Highlights:

    • Net income available to common stockholders was $56.4 million and diluted earnings per common share totaled $0.98 in the second quarter of 2025, compared to $39.5 million and $0.68 in the second quarter of 2024, and $54.9 million and $0.94 in the first quarter of 2025.
    • Robust capital position with Common Equity Tier 1 Capital Ratio of 11.35%.
    • Repurchased 818,480 shares totaling $31.7 million year-to-date; Repurchased 582,486 shares totaling $22.1 million during the second quarter.
    • Total loans grew $297.6 million, or 9.1% annualized, on a linked quarter basis, and $653.6 million, or 5.2%, during the last twelve months.
    • Total deposits increased $335.6 million, or 9.3% annualized, on a linked quarter basis.
    • Nonperforming assets to total assets were 36 basis points compared to 47 basis points on a linked quarter basis.
    • The efficiency ratio totaled 53.99% for the quarter.

    “Our strong balance sheet and earnings growth in the first half of the year underscore the strength and resilience of our business model,” said Mark Hardwick, Chief Executive Officer of First Merchants Bank. “With continued momentum in loan and deposit growth, expanding margins, disciplined expense management, and a robust capital position, we are well-positioned to deliver long-term value for our shareholders. We remain committed to supporting our clients and communities while navigating a dynamic economic environment with confidence and clarity.”

    Second Quarter Financial Results:

    First Merchants Corporation (the “Corporation) reported second quarter 2025 net income available to common stockholders of $56.4 million compared to $39.5 million during the same period in 2024. Diluted earnings per common share for the period totaled $0.98 per share compared to the second quarter of 2024 result of $0.68 per share.

    Total assets equaled $18.6 billion as of quarter-end and loans totaled $13.3 billion. During the past twelve months, total loans grew by $653.6 million, or 5.2%. On a linked quarter basis, loans grew $297.6 million, or 9.1% with growth primarily in Commercial & Industrial loans.

    Investments, totaling $3.4 billion, decreased $372.1 million, or 9.9%, during the last twelve months and decreased $46.2 million, or 5.4% annualized, on a linked quarter basis. The decline in the last twelve months reflected sales of available for sale securities in 2024 totaling $268.5 million.

    Total deposits equaled $14.8 billion as of quarter-end and increased by $228.5 million, or 1.6%, over the past twelve months. Total deposits increased $335.6 million, or 9.3% annualized, on a linked quarter basis. The loan to deposit ratio of 90.1% at period end remained stable on a linked quarter basis.

    The Corporation’s Allowance for Credit Losses – Loans (ACL) totaled $195.3 million as of quarter-end, or 1.47% of total loans. Net charge-offs totaled $2.3 million and provision for credit losses of $5.6 million was recorded during the quarter. Reserves for unfunded commitments totaling $18.0 million remain unchanged from the previous quarter. Non-performing assets to total assets were 0.36% for the second quarter of 2025, a decrease of 11 basis points compared to 0.47% in the linked quarter.

    Net interest income, totaling $133.0 million for the quarter, increased $2.7 million, or 2.1%, compared to prior quarter and increased $4.4 million, or 3.5% compared to the second quarter of 2024. Fully taxable equivalent net interest margin was 3.25%, an increase of three basis points compared to the first quarter of 2025 and an increase of nine basis points compared to the second quarter of 2024. During the quarter, higher yields on earnings assets outpaced increased yields on interest bearing liabilities resulting in margin expansion.

    Noninterest income totaled $31.3 million for the quarter, an increase of $1.3 million, compared to the first quarter of 2025 and was stable compared to the second quarter of 2024. The increase over first quarter of 2025 was driven primarily by higher gains on the sales of loans, treasury management fees, derivative hedge fees, and card payment fees offset by a decrease in other income associated with CRA investments.

    Noninterest expense totaled $93.6 million for the quarter, an increase of $0.7 million from the first quarter of 2025. The increase was from higher marketing and data processing costs.

    The Corporation’s total risk-based capital ratio equaled 13.06%, the common equity tier 1 capital ratio equaled 11.35%, and the tangible common equity ratio totaled 8.92%. These ratios continue to reflect the Corporation’s strong liquidity and capital positions.

    CONFERENCE CALL

    First Merchants Corporation will conduct a second quarter earnings conference call and web cast at 9:00 a.m. (ET) on Thursday, July 24, 2025.

    To access via phone, participants will need to register using the following link where they will be provided a phone number and access code: (https://register-conf.media-server.com/register/BI605c2e360ce04cfc9c4221bda7f67a49)

    To view the webcast and presentation slides, please go to (https://edge.media-server.com/mmc/p/ced58zg3) during the time of the call. A replay of the webcast will be available until July 24, 2026.

    Detailed financial results are reported on the attached pages.

    About First Merchants Corporation

    First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank).

    First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Quotations are carried in daily newspapers and can be found on the company’s Internet web page (http://www.firstmerchants.com).

    FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.

    Forward-Looking Statements

    This release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can often, but not always, be identified by the use of words like “believe”, “continue”, “pattern”, “estimate”, “project”, “intend”, “anticipate”, “expect” and similar expressions or future or conditional verbs such as “will”, “would”, “should”, “could”, “might”, “can”, “may”, or similar expressions. These statements include statements about First Merchants’ goals, intentions and expectations; statements regarding the First Merchants’ business plan and growth strategies; statements regarding the asset quality of First Merchants’ loan and investment portfolios; and estimates of First Merchants’ risks and future costs and benefits. These forward-looking statements are subject to significant risks, assumptions and uncertainties that may cause results to differ materially from those set forth in forward-looking statements, including, among other things: possible changes in monetary and fiscal policies, and laws and regulations; the effects of easing restrictions on participants in the financial services industry; the cost and other effects of legal and administrative cases; possible changes in the credit worthiness of customers and the possible impairment of collectability of loans; fluctuations in market rates of interest; competitive factors in the banking industry; changes in the banking legislation or regulatory requirements of federal and state agencies applicable to bank holding companies and banks like First Merchants’ affiliate bank; continued availability of earnings and excess capital sufficient for the lawful and prudent declaration of dividends; changes in market, economic, operational, liquidity (including the ability to grow and maintain core deposits and retain large, uninsured deposits), credit and interest rate risks associated with the First Merchants’ business; and other risks and factors identified in each of First Merchants’ filings with the Securities and Exchange Commission. First Merchants does not undertake any obligation to update any forward-looking statements, whether written or oral, relating to the matters discussed in this press release. In addition, First Merchants’ past results of operations do not necessarily indicate its anticipated future results.

     
    CONSOLIDATED BALANCE SHEETS
    (Dollars In Thousands) June 30,
        2025       2024  
    ASSETS      
    Cash and due from banks $ 81,567     $ 105,372  
    Interest-bearing deposits   223,343       168,528  
    Investment securities available for sale   1,358,130       1,618,893  
    Investment securities held to maturity, net of allowance for credit losses   2,022,826       2,134,195  
    Loans held for sale   28,783       32,292  
    Loans   13,296,759       12,639,650  
    Less: Allowance for credit losses – loans   (195,316 )     (189,537 )
    Net loans   13,101,443       12,450,113  
    Premises and equipment   122,808       133,245  
    Federal Home Loan Bank stock   47,290       41,738  
    Interest receivable   93,258       97,546  
    Goodwill   712,002       712,002  
    Other intangibles   16,797       23,371  
    Cash surrender value of life insurance   305,695       306,379  
    Other real estate owned   177       4,824  
    Tax asset, deferred and receivable   97,749       107,080  
    Other assets   380,909       367,845  
    TOTAL ASSETS $ 18,592,777     $ 18,303,423  
    LIABILITIES      
    Deposits:      
    Noninterest-bearing $ 2,197,416     $ 2,303,313  
    Interest-bearing   12,600,162       12,265,757  
    Total Deposits   14,797,578       14,569,070  
    Borrowings:      
    Federal funds purchased   85,000       147,229  
    Securities sold under repurchase agreements   114,758       100,451  
    Federal Home Loan Bank advances   898,702       832,703  
    Subordinated debentures and other borrowings   62,617       93,589  
    Total Borrowings   1,161,077       1,173,972  
    Interest payable   16,174       18,554  
    Other liabilities   269,996       329,302  
    Total Liabilities   16,244,825       16,090,898  
    STOCKHOLDERS’ EQUITY      
    Preferred Stock, $1,000 par value, $1,000 liquidation value:      
    Authorized — 600 cumulative shares      
    Issued and outstanding – 125 cumulative shares   125       125  
    Preferred Stock, Series A, no par value, $2,500 liquidation preference:      
    Authorized — 10,000 non-cumulative perpetual shares      
    Issued and outstanding – 10,000 non-cumulative perpetual shares   25,000       25,000  
    Common Stock, $.125 stated value:      
    Authorized — 100,000,000 shares      
    Issued and outstanding – 57,272,433 and 58,045,653 shares   7,159       7,256  
    Additional paid-in capital   1,163,170       1,191,193  
    Retained earnings   1,342,473       1,200,930  
    Accumulated other comprehensive loss   (189,975 )     (211,979 )
    Total Stockholders’ Equity   2,347,952       2,212,525  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,592,777     $ 18,303,423  
           
    CONSOLIDATED STATEMENTS OF INCOME Three Months Ended   Six Months Ended
    (Dollars In Thousands, Except Per Share Amounts) June 30,   June 30,
        2025       2024       2025       2024  
    INTEREST INCOME              
    Loans:              
    Taxable $ 195,173     $ 201,413     $ 382,901     $ 399,436  
    Tax-exempt   10,805       8,430       21,337       16,620  
    Investment securities:              
    Taxable   8,266       9,051       16,638       17,799  
    Tax-exempt   12,516       13,613       25,033       27,224  
    Deposits with financial institutions   1,892       2,995       4,264       9,488  
    Federal Home Loan Bank stock   1,083       879       2,080       1,714  
    Total Interest Income   229,735       236,381       452,253       472,281  
    INTEREST EXPENSE              
    Deposits   84,241       99,151       164,788       197,436  
    Federal funds purchased   965       126       1,777       126  
    Securities sold under repurchase agreements   663       645       1,405       1,677  
    Federal Home Loan Bank advances   9,714       6,398       19,078       13,171  
    Subordinated debentures and other borrowings   1,138       1,490       1,921       4,237  
    Total Interest Expense   96,721       107,810       188,969       216,647  
    NET INTEREST INCOME   133,014       128,571       263,284       255,634  
    Provision for credit losses   5,600       24,500       9,800       26,500  
    NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES   127,414       104,071       253,484       229,134  
    NONINTEREST INCOME              
    Service charges on deposit accounts   8,566       8,214       16,638       16,121  
    Fiduciary and wealth management fees   8,831       8,825       17,475       17,025  
    Card payment fees   4,932       4,739       9,458       9,239  
    Net gains and fees on sales of loans   5,849       5,141       10,871       8,395  
    Derivative hedge fees   831       489       1,235       752  
    Other customer fees   401       460       816       887  
    Earnings on cash surrender value of life insurance   1,913       1,929       4,092       3,521  
    Net realized losses on sales of available for sale securities   (1 )     (49 )     (8 )     (51 )
    Other income (loss)   (19 )     1,586       774       2,083  
    Total Noninterest Income   31,303       31,334       61,351       57,972  
    NONINTEREST EXPENSES              
    Salaries and employee benefits   54,527       52,214       109,509       110,507  
    Net occupancy   6,845       6,746       14,061       14,058  
    Equipment   6,927       6,599       13,935       12,825  
    Marketing   1,997       1,773       3,350       2,971  
    Outside data processing fees   7,107       7,072       13,036       13,961  
    Printing and office supplies   272       354       619       707  
    Intangible asset amortization   1,505       1,771       3,031       3,728  
    FDIC assessments   3,552       3,278       7,200       7,565  
    Other real estate owned and foreclosure expenses   29       373       629       907  
    Professional and other outside services   3,741       3,822       7,002       7,774  
    Other expenses   7,096       7,411       14,128       13,345  
    Total Noninterest Expenses   93,598       91,413       186,500       188,348  
    INCOME BEFORE INCOME TAX   65,119       43,992       128,335       98,758  
    Income tax expense   8,287       4,067       16,164       10,892  
    NET INCOME   56,832       39,925       112,171       87,866  
    Preferred stock dividends   469       469       938       938  
    NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 56,363     $ 39,456     $ 111,233     $ 86,928  
                   
                   
    PER SHARE DATA:              
    Basic Net Income Available to Common Stockholders $ 0.98     $ 0.68     $ 1.93     $ 1.48  
    Diluted Net Income Available to Common Stockholders $ 0.98     $ 0.68     $ 1.92     $ 1.48  
    Cash Dividends Paid to Common Stockholders $ 0.36     $ 0.35     $ 0.71     $ 0.69  
    Tangible Common Book Value Per Share $ 27.90     $ 25.10     $ 27.90     $ 25.10  
    Average Diluted Common Shares Outstanding (in thousands)   57,773       58,328       58,005       58,800  
                                   
    FINANCIAL HIGHLIGHTS              
    (Dollars In Thousands) Three Months Ended   Six Months Ended
      June 30,   June 30,
       2025    2024    2025    2024
    NET CHARGE-OFFS $ 2,315       $ 39,644       $ 7,241       $ 41,897    
                   
    AVERAGE BALANCES:              
    Total Assets $ 18,508,785       $ 18,332,159       $ 18,425,723       $ 18,381,340    
    Total Loans   13,211,729         12,620,530         13,077,288         12,548,798    
    Total Earning Assets   17,158,984         17,013,984         17,060,278         17,068,917    
    Total Deposits   14,632,113         14,895,867         14,526,314         14,888,536    
    Total Stockholders’ Equity   2,340,010         2,203,361         2,340,440         2,222,750    
                   
    FINANCIAL RATIOS:              
    Return on Average Assets   1.23   %     0.87   %     1.22   %     0.96   %
    Return on Average Stockholders’ Equity   9.63         7.16         9.51         7.82    
    Return on Tangible Common Stockholders’ Equity   14.49         11.29         14.30         12.26    
    Average Earning Assets to Average Assets   92.71         92.81         92.59         92.86    
    Allowance for Credit Losses – Loans as % of Total Loans   1.47         1.50         1.47         1.50    
    Net Charge-offs as % of Average Loans (Annualized)   0.07         1.26         0.11         0.67    
    Average Stockholders’ Equity to Average Assets   12.64         12.02         12.70         12.09    
    Tax Equivalent Yield on Average Earning Assets   5.50         5.69         5.45         5.67    
    Interest Expense/Average Earning Assets   2.25         2.53         2.22         2.54    
    Net Interest Margin (FTE) on Average Earning Assets   3.25         3.16         3.23         3.13    
    Efficiency Ratio   53.99         53.84         54.26         56.47    
                   
    ASSET QUALITY                  
    (Dollars In Thousands) June 30,   March 31,   December 31,   September 30,   June 30,
       2025    2025    2024    2024    2024
    Nonaccrual Loans $ 67,358       $ 81,922       $ 73,773       $ 59,088       $ 61,906    
    Other Real Estate Owned and Repossessions   177         4,966         4,948         5,247         4,824    
    Nonperforming Assets (NPA)   67,535         86,888         78,721         64,335         66,730    
    90+ Days Delinquent   4,443         4,280         5,902         14,105         1,686    
    NPAs & 90 Day Delinquent $ 71,978       $ 91,168       $ 84,623       $ 78,440       $ 68,416    
                       
    Allowance for Credit Losses – Loans $ 195,316       $ 192,031       $ 192,757       $ 187,828       $ 189,537    
    Quarterly Net Charge-offs   2,315         4,926         771         6,709         39,644    
    NPAs / Actual Assets %   0.36   %     0.47   %     0.43   %     0.35   %     0.36   %
    NPAs & 90 Day / Actual Assets %   0.39   %     0.49   %     0.46   %     0.43   %     0.37   %
    NPAs / Actual Loans and OREO %   0.51   %     0.67   %     0.61   %     0.51   %     0.53   %
    Allowance for Credit Losses – Loans / Actual Loans (%)   1.47   %     1.47   %     1.50   %     1.48   %     1.50   %
    Quarterly Net Charge-offs as % of Average Loans (Annualized)   0.07   %     0.15   %     0.02   %     0.21   %     1.26   %
    CONSOLIDATED BALANCE SHEETS                  
    (Dollars In Thousands) June 30,   March 31,   December 31,   September 30,   June 30,
        2025       2025       2024       2024       2024  
    ASSETS                  
    Cash and due from banks $ 81,567     $ 86,113     $ 87,616     $ 84,719     $ 105,372  
    Interest-bearing deposits   223,343       331,534       298,891       359,126       168,528  
    Investment securities available for sale   1,358,130       1,378,489       1,386,475       1,553,496       1,618,893  
    Investment securities held to maturity, net of allowance for credit losses   2,022,826       2,048,632       2,074,220       2,108,649       2,134,195  
    Loans held for sale   28,783       23,004       18,663       40,652       32,292  
    Loans   13,296,759       13,004,905       12,854,359       12,646,808       12,639,650  
    Less: Allowance for credit losses – loans   (195,316 )     (192,031 )     (192,757 )     (187,828 )     (189,537 )
    Net loans   13,101,443       12,812,874       12,661,602       12,458,980       12,450,113  
    Premises and equipment   122,808       128,749       129,743       129,582       133,245  
    Federal Home Loan Bank stock   47,290       45,006       41,690       41,716       41,738  
    Interest receivable   93,258       88,352       91,829       92,055       97,546  
    Goodwill   712,002       712,002       712,002       712,002       712,002  
    Other intangibles   16,797       18,302       19,828       21,599       23,371  
    Cash surrender value of life insurance   305,695       304,918       304,906       304,613       306,379  
    Other real estate owned   177       4,966       4,948       5,247       4,824  
    Tax asset, deferred and receivable   97,749       87,665       92,387       86,732       107,080  
    Other assets   380,909       369,181       387,169       348,384       367,845  
    TOTAL ASSETS $ 18,592,777     $ 18,439,787     $ 18,311,969     $ 18,347,552     $ 18,303,423  
    LIABILITIES                  
    Deposits:                  
    Noninterest-bearing $ 2,197,416     $ 2,185,057     $ 2,325,579     $ 2,334,197     $ 2,303,313  
    Interest-bearing   12,600,162       12,276,921       12,196,047       12,030,903       12,265,757  
    Total Deposits   14,797,578       14,461,978       14,521,626       14,365,100       14,569,070  
    Borrowings:                  
    Federal funds purchased   85,000       185,000       99,226       30,000       147,229  
    Securities sold under repurchase agreements   114,758       122,947       142,876       124,894       100,451  
    Federal Home Loan Bank advances   898,702       972,478       822,554       832,629       832,703  
    Subordinated debentures and other borrowings   62,617       62,619       93,529       93,562       93,589  
    Total Borrowings   1,161,077       1,343,044       1,158,185       1,081,085       1,173,972  
    Deposits and other liabilities held for sale   —       —       —       288,476       —  
    Interest payable   16,174       13,304       16,102       18,089       18,554  
    Other liabilities   269,996       289,247       311,073       292,429       329,302  
    Total Liabilities   16,244,825       16,107,573       16,006,986       16,045,179       16,090,898  
    STOCKHOLDERS’ EQUITY                  
    Preferred Stock, $1,000 par value, $1,000 liquidation value:                  
    Authorized — 600 cumulative shares                  
    Issued and outstanding – 125 cumulative shares   125       125       125       125       125  
    Preferred Stock, Series A, no par value, $2,500 liquidation preference:                  
    Authorized — 10,000 non-cumulative perpetual shares                  
    Issued and outstanding – 10,000 non-cumulative perpetual shares   25,000       25,000       25,000       25,000       25,000  
    Common Stock, $.125 stated value:                  
    Authorized — 100,000,000 shares                  
    Issued and outstanding   7,159       7,226       7,247       7,265       7,256  
    Additional paid-in capital   1,163,170       1,183,263       1,188,768       1,192,683       1,191,193  
    Retained earnings   1,342,473       1,306,911       1,272,528       1,229,125       1,200,930  
    Accumulated other comprehensive loss   (189,975 )     (190,311 )     (188,685 )     (151,825 )     (211,979 )
    Total Stockholders’ Equity   2,347,952       2,332,214       2,304,983       2,302,373       2,212,525  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,592,777     $ 18,439,787     $ 18,311,969     $ 18,347,552     $ 18,303,423  
                       
    CONSOLIDATED STATEMENTS OF INCOME                  
    (Dollars In Thousands, Except Per Share Amounts) June 30,   March 31,   December 31,   September 30,   June 30,
       2025    2025    2024    2024    2024
    INTEREST INCOME                  
    Loans:                  
    Taxable $ 195,173       $ 187,728       $ 197,536       $ 206,680       $ 201,413    
    Tax-exempt   10,805         10,532         9,020         8,622         8,430    
    Investment securities:                  
    Taxable   8,266         8,372         9,024         9,263         9,051    
    Tax-exempt   12,516         12,517         12,754         13,509         13,613    
    Deposits with financial institutions   1,892         2,372         5,350         2,154         2,995    
    Federal Home Loan Bank stock   1,083         997         958         855         879    
    Total Interest Income   229,735         222,518         234,642         241,083         236,381    
    INTEREST EXPENSE                  
    Deposits   84,241         80,547         89,835         98,856         99,151    
    Federal funds purchased   965         812         26         329         126    
    Securities sold under repurchase agreements   663         742         680         700         645    
    Federal Home Loan Bank advances   9,714         9,364         8,171         8,544         6,398    
    Subordinated debentures and other borrowings   1,138         783         1,560         1,544         1,490    
    Total Interest Expense   96,721         92,248         100,272         109,973         107,810    
    NET INTEREST INCOME   133,014         130,270         134,370         131,110         128,571    
    Provision for credit losses   5,600         4,200         4,200         5,000         24,500    
    NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES   127,414         126,070         130,170         126,110         104,071    
    NONINTEREST INCOME                  
    Service charges on deposit accounts   8,566         8,072         8,124         8,361         8,214    
    Fiduciary and wealth management fees   8,831         8,644         8,665         8,525         8,825    
    Card payment fees   4,932         4,526         4,957         5,121         4,739    
    Net gains and fees on sales of loans   5,849         5,022         5,681         6,764         5,141    
    Derivative hedge fees   831         404         1,594         736         489    
    Other customer fees   401         415         316         344         460    
    Earnings on cash surrender value of life insurance   1,913         2,179         2,188         2,755         1,929    
    Net realized losses on sales of available for sale securities   (1 )       (7 )       (11,592 )       (9,114 )       (49 )  
    Gain on branch sale   —         —         19,983         —         —    
    Other income (loss)   (19 )       793         2,826         1,374         1,586    
    Total Noninterest Income   31,303         30,048         42,742         24,866         31,334    
    NONINTEREST EXPENSES                  
    Salaries and employee benefits   54,527         54,982         55,437         55,223         52,214    
    Net occupancy   6,845         7,216         7,335         6,994         6,746    
    Equipment   6,927         7,008         7,028         6,949         6,599    
    Marketing   1,997         1,353         2,582         1,836         1,773    
    Outside data processing fees   7,107         5,929         6,029         7,150         7,072    
    Printing and office supplies   272         347         377         378         354    
    Intangible asset amortization   1,505         1,526         1,771         1,772         1,771    
    FDIC assessments   3,552         3,648         3,744         3,720         3,278    
    Other real estate owned and foreclosure expenses   29         600         227         942         373    
    Professional and other outside services   3,741         3,261         3,777         3,035         3,822    
    Other expenses   7,096         7,032         7,982         6,630         7,411    
    Total Noninterest Expenses   93,598         92,902         96,289         94,629         91,413    
    INCOME BEFORE INCOME TAX   65,119         63,216         76,623         56,347         43,992    
    Income tax expense   8,287         7,877         12,274         7,160         4,067    
    NET INCOME   56,832         55,339         64,349         49,187         39,925    
    Preferred stock dividends   469         469         469         468         469    
    NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 56,363       $ 54,870       $ 63,880       $ 48,719       $ 39,456    
                       
                       
    PER SHARE DATA:                  
    Basic Net Income Available to Common Stockholders $ 0.98       $ 0.95       $ 1.10       $ 0.84       $ 0.68    
    Diluted Net Income Available to Common Stockholders $ 0.98       $ 0.94       $ 1.10       $ 0.84       $ 0.68    
    Cash Dividends Paid to Common Stockholders $ 0.36       $ 0.35       $ 0.35       $ 0.35       $ 0.35    
    Tangible Common Book Value Per Share $ 27.90       $ 27.34       $ 26.78       $ 26.64       $ 25.10    
    Average Diluted Common Shares Outstanding (in thousands)   57,773         58,242         58,247         58,289         58,328    
    FINANCIAL RATIOS:                  
    Return on Average Assets   1.23   %     1.21   %     1.39   %     1.07   %     0.87   %
    Return on Average Stockholders’ Equity   9.63         9.38         11.05         8.66         7.16    
    Return on Tangible Common Stockholders’ Equity   14.49         14.12         16.75         13.39         11.29    
    Average Earning Assets to Average Assets   92.71         92.47         92.48         92.54         92.81    
    Allowance for Credit Losses – Loans as % of Total Loans   1.47         1.47         1.50         1.48         1.50    
    Net Charge-offs as % of Average Loans (Annualized)   0.07         0.15         0.02         0.21         1.26    
    Average Stockholders’ Equity to Average Assets   12.64         12.76         12.51         12.26         12.02    
    Tax Equivalent Yield on Average Earning Assets   5.50         5.39         5.63         5.82         5.69    
    Interest Expense/Average Earning Assets   2.25         2.17         2.35         2.59         2.53    
    Net Interest Margin (FTE) on Average Earning Assets   3.25         3.22         3.28         3.23         3.16    
    Efficiency Ratio   53.99         54.54         48.48         53.76         53.84    
    LOANS                  
    (Dollars In Thousands) June 30,   March 31,   December 31,   September 30,   June 30,
        2025       2025       2024       2024       2024  
    Commercial and industrial loans $ 4,440,924     $ 4,306,597     $ 4,114,292     $ 4,041,217     $ 3,949,817  
    Agricultural land, production and other loans to farmers   265,172       243,864       256,312       238,743       239,926  
    Real estate loans:                  
    Construction   836,033       793,175       792,144       814,704       823,267  
    Commercial real estate, non-owner occupied   2,171,092       2,177,869       2,274,016       2,251,351       2,323,533  
    Commercial real estate, owner occupied   1,226,797       1,214,739       1,157,944       1,152,751       1,174,195  
    Residential   2,397,094       2,389,852       2,374,729       2,366,943       2,370,905  
    Home equity   673,961       650,499       659,811       641,188       631,104  
    Individuals’ loans for household and other personal expenditures   141,045       140,954       166,028       158,480       162,089  
    Public finance and other commercial loans   1,144,641       1,087,356       1,059,083       981,431       964,814  
    Loans   13,296,759       13,004,905       12,854,359       12,646,808       12,639,650  
    Allowance for credit losses – loans   (195,316 )     (192,031 )     (192,757 )     (187,828 )     (189,537 )
    NET LOANS $ 13,101,443     $ 12,812,874     $ 12,661,602     $ 12,458,980     $ 12,450,113  
                       
                       
    DEPOSITS                  
    (Dollars In Thousands) June 30,   March 31,   December 31,   September 30,   June 30,
        2025       2025       2024       2024       2024  
    Demand deposits $ 7,798,695     $ 7,786,554     $ 7,980,061     $ 7,678,510     $ 7,757,679  
    Savings deposits   4,984,659       4,791,874       4,522,758       4,302,236       4,339,161  
    Certificates and other time deposits of $100,000 or less   617,857       625,203       692,068       802,949       889,949  
    Certificates and other time deposits of $100,000 or more   891,139       896,143       1,043,068       1,277,833       1,415,131  
    Brokered certificates of deposits1   505,228       362,204       283,671       303,572       167,150  
    TOTAL DEPOSITS $ 14,797,578     $ 14,461,978     $ 14,521,626     $ 14,365,100     $ 14,569,070  
                       
    1 – Total brokered deposits of $1.2 billion, which includes brokered CD’s of $505.2 million at June 30, 2025.
                       
    CONSOLIDATED AVERAGE BALANCE SHEET AND NET INTEREST MARGIN ANALYSIS
    (Dollars In Thousands)                      
      Three Months Ended
      June 30, 2025   June 30, 2024
      Average
    Balance    		   Interest
    Income /
    Expense    		   Average
    Rate     		   Average
    Balance    		   Interest
    Income /
    Expense    		   Average
    Rate
    ASSETS                      
    Interest-bearing deposits $ 252,613     $ 1,892     3.00   %   $ 322,647     $ 2,995     3.71   %
    Federal Home Loan Bank stock   46,598       1,083     9.30         41,749       879     8.42    
    Investment Securities: (1)                      
    Taxable   1,605,718       8,266     2.06         1,788,749       9,051     2.02    
    Tax-exempt (2)   2,042,326       15,843     3.10         2,240,309       17,232     3.08    
    Total Investment Securities   3,648,044       24,109     2.64         4,029,058       26,283     2.61    
    Loans held for sale   25,411       389     6.12         28,585       431     6.03    
    Loans: (3)                      
    Commercial   9,006,650       154,108     6.84         8,691,746       160,848     7.40    
    Real estate mortgage   2,200,521       25,062     4.56         2,150,591       23,799     4.43    
    HELOC and installment   834,901       15,614     7.48         823,417       16,335     7.94    
    Tax-exempt (2)   1,144,246       13,677     4.78         926,191       10,670     4.61    
    Total Loans   13,211,729       208,850     6.32         12,620,530       212,083     6.72    
    Total Earning Assets   17,158,984       235,934     5.50   %     17,013,984       242,240     5.69   %
    Total Non-Earning Assets   1,349,801               1,318,175          
    TOTAL ASSETS $ 18,508,785             $ 18,332,159          
    LIABILITIES                      
    Interest-Bearing Deposits:                      
    Interest-bearing deposits $ 5,545,158     $ 35,303     2.55   %   $ 5,586,549     $ 40,994     2.94   %
    Money market deposits   3,613,952       28,714     3.18         3,036,398       27,230     3.59    
    Savings deposits   1,282,951       2,513     0.78         1,508,734       3,476     0.92    
    Certificates and other time deposits   2,003,682       17,711     3.54         2,414,967       27,451     4.55    
    Total Interest-Bearing Deposits   12,445,743       84,241     2.71         12,546,648       99,151     3.16    
    Borrowings   1,250,519       12,480     3.99         885,919       8,659     3.91    
    Total Interest-Bearing Liabilities   13,696,262       96,721     2.82         13,432,567       107,810     3.21    
    Noninterest-bearing deposits   2,186,370               2,349,219          
    Other liabilities   286,143               347,012          
    Total Liabilities   16,168,775               16,128,798          
    STOCKHOLDERS’ EQUITY   2,340,010               2,203,361          
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,508,785             $ 18,332,159          
    Net Interest Income (FTE)     $ 139,213             $ 134,430      
    Net Interest Spread (FTE) (4)         2.68   %           2.48   %
                           
    Net Interest Margin (FTE):                      
    Interest Income (FTE) / Average Earning Assets         5.50   %           5.69   %
    Interest Expense / Average Earning Assets         2.25   %           2.53   %
    Net Interest Margin (FTE) (5)         3.25   %           3.16   %
                           
    (1) Average balance of securities is computed based on the average of the historical amortized cost balances without the effects of the fair value adjustments. Annualized amounts are computed using a 30/360 day basis.
    (2) Tax-exempt securities and loans are presented on a fully taxable equivalent basis, using a marginal tax rate of 21 percent for 2025 and 2024. These totals equal $6,199 and $5,859 for the three months ended June 30, 2025 and 2024, respectively.
    (3) Non accruing loans have been included in the average balances.
    (4) Net Interest Spread (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average interest-bearing liabilities.
    (5) Net Interest Margin (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average earning assets.
     
    CONSOLIDATED AVERAGE BALANCE SHEET AND NET INTEREST MARGIN ANALYSIS
    (Dollars In Thousands)                      
      Six Months Ended
      June 30, 2025   June 30, 2024
      Average
    Balance    		   Interest
    Income /
    Expense    		   Average
    Rate    		   Average
    Balance    		   Interest
    Income /
    Expense    		   Average
    Rate
    ASSETS                      
    Interest-bearing deposits $ 273,200     $ 4,264     3.12   %   $ 449,173     $ 9,488     4.22   %
    Federal Home Loan Bank stock   45,296       2,080     9.18         41,757       1,714     8.21    
    Investment Securities: (1)                      
    Taxable   1,620,005       16,638     2.05         1,785,903       17,799     1.99    
    Tax-exempt (2)   2,044,489       31,687     3.10         2,243,286       34,461     3.07    
    Total Investment Securities   3,664,494       48,325     2.64         4,029,189       52,260     2.59    
    Loans held for sale   23,190       708     6.11         25,184       759     6.03    
    Loans: (3)                      
    Commercial   8,889,119       301,880     6.79         8,644,927       320,057     7.40    
    Real estate mortgage   2,195,988       49,508     4.51         2,140,769       46,156     4.31    
    HELOC and installment   831,904       30,805     7.41         822,616       32,464     7.89    
    Tax-exempt (2)   1,137,087       27,009     4.75         915,302       21,038     4.60    
    Total Loans   13,077,288       409,910     6.27         12,548,798       420,474     6.70    
    Total Earning Assets   17,060,278       464,579     5.45   %     17,068,917       483,936     5.67   %
    Total Non-Earning Assets   1,365,445               1,312,423          
    TOTAL ASSETS $ 18,425,723             $ 18,381,340          
    LIABILITIES                      
    Interest-Bearing deposits:                      
    Interest-bearing deposits $ 5,533,858     $ 69,909     2.53   %   $ 5,503,185     $ 80,484     2.92   %
    Money market deposits   3,526,461       54,666     3.10         3,040,938       54,613     3.59    
    Savings deposits   1,291,133       4,958     0.77         1,534,305       7,277     0.95    
    Certificates and other time deposits   1,975,923       35,255     3.57         2,421,413       55,062     4.55    
    Total Interest-Bearing Deposits   12,327,375       164,788     2.67         12,499,841       197,436     3.16    
    Borrowings   1,256,688       24,181     3.85         948,866       19,211     4.05    
    Total Interest-Bearing Liabilities   13,584,063       188,969     2.78         13,448,707       216,647     3.22    
    Noninterest-bearing deposits   2,198,939               2,388,695          
    Other liabilities   302,281               321,188          
    Total Liabilities   16,085,283               16,158,590          
    STOCKHOLDERS’ EQUITY   2,340,440               2,222,750          
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,425,723             $ 18,381,340          
    Net Interest Income (FTE)     $ 275,610             $ 267,289      
    Net Interest Spread (FTE) (4)         2.67   %           2.45   %
                           
    Net Interest Margin (FTE):                      
    Interest Income (FTE) / Average Earning Assets         5.45   %           5.67   %
    Interest Expense / Average Earning Assets         2.22   %           2.54   %
    Net Interest Margin (FTE) (5)         3.23   %           3.13   %
                           
    (1) Average balance of securities is computed based on the average of the historical amortized cost balances without the effects of the fair value adjustments. Annualized amounts are computed using a 30/360 day basis.
    (2) Tax-exempt securities and loans are presented on a fully taxable equivalent basis, using a marginal tax rate of 21 percent for 2025 and 2024. These totals equal $12,326 and $11,655 for the six months ended June 30, 2025 and 2024, respectively.
    (3) Non accruing loans have been included in the average balances. 
    (4) Net Interest Spread (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average interest-bearing liabilities.
    (5) Net Interest Margin (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average earning assets.
     
    ADJUSTED NET INCOME AND DILUTED EARNINGS PER COMMON SHARE – NON-GAAP
    (Dollars In Thousands, Except Per Share Amounts) Three Months Ended   Six Months Ended
      June 30,   March 31,   December 31,   September 30,   June 30,   June 30,   June 30,
       2025    2025    2024    2024    2024    2025    2024
    Net Income Available to Common Stockholders – GAAP $ 56,363       $ 54,870       $ 63,880       $ 48,719       $ 39,456       $ 111,233       $ 86,928    
    Adjustments:                          
    Net realized losses on sales of available for sale securities   1         7         11,592         9,114         49         8         51    
    Gain on branch sale   —         —         (19,983 )       —         —         —         —    
    Non-core expenses1,2   —         —         762         —         —         —         3,481    
    Tax on adjustments   —         (2 )       1,851         (2,220 )       (12 )       (2 )       (860 )  
    Adjusted Net Income Available to Common Stockholders – Non-GAAP $ 56,364       $ 54,875       $ 58,102       $ 55,613       $ 39,493       $ 111,239       $ 89,600    
                               
    Average Diluted Common Shares Outstanding (in thousands)   57,773         58,242         58,247         58,289         58,328         58,005         58,800    
                               
    Diluted Earnings Per Common Share – GAAP $ 0.98       $ 0.94       $ 1.10       $ 0.84       $ 0.68       $ 1.92       $ 1.48    
    Adjustments:                          
    Net realized losses on sales of available for sale securities   —         —         0.20         0.15         —         —         —    
    Gain on branch sale   —         —         (0.34 )       —         —         —         —    
    Non-core expenses1,2   —         —         0.01         —         —         —         0.06    
    Tax on adjustments   —         —         0.03         (0.04 )       —         —         (0.01 )  
    Adjusted Diluted Earnings Per Common Share – Non-GAAP $ 0.98       $ 0.94       $ 1.00       $ 0.95       $ 0.68       $ 1.92       $ 1.53    
                               
    1 – Non-core expenses in the Three Months Ended December 31, 2024 included $0.8 million of costs directly related to the branch sale.
    2 – Non-core expenses in the Six Months Ended June 30, 2024 included $2.4 million from duplicative online banking conversion costs and $1.1 million from the FDIC special assessment.
                               
                               
    NET INTEREST MARGIN (“NIM”), ADJUSTED
    (Dollars in Thousands)
      Three Months Ended   Six Months Ended
      June 30,   March 31,   December 31,   September 30,   June 30,   June 30,   June 30,
       2025    2025    2024    2024    2024    2025    2024
    Net Interest Income (GAAP) $ 133,014       $ 130,270       $ 134,370       $ 131,110       $ 128,571       $ 263,284       $ 255,634    
    Fully Taxable Equivalent (“FTE”) Adjustment   6,199         6,127         5,788         5,883         5,859         12,326         11,655    
    Net Interest Income (FTE) (non-GAAP) $ 139,213       $ 136,397       $ 140,158       $ 136,993       $ 134,430       $ 275,610       $ 267,289    
                               
    Average Earning Assets (GAAP) $ 17,158,984       $ 16,960,475       $ 17,089,198       $ 16,990,358       $ 17,013,984       $ 17,060,278       $ 17,068,917    
    Net Interest Margin (GAAP)   3.10   %     3.07   %     3.15   %     3.09   %     3.02   %     3.09   %     3.00   %
    FTE Adjustment   0.15   %     0.15   %     0.13   %     0.14   %     0.14   %     0.14   %     0.13   %
    Net Interest Margin (FTE) (non-GAAP)   3.25   %     3.22   %     3.28   %     3.23   %     3.16   %     3.23   %     3.13   %
                               
    RETURN ON TANGIBLE COMMON EQUITY – NON-GAAP
    (Dollars In Thousands) Three Months Ended   Six Months Ended
      June 30,   March 31,   December 31,   September 30,   June 30,   June 30,   June 30,
       2025    2025    2024    2024    2024    2025    2024
    Total Average Stockholders’ Equity (GAAP) $ 2,340,010       $ 2,340,874       $ 2,312,270       $ 2,251,547       $ 2,203,361       $ 2,340,440       $ 2,222,750    
    Less: Average Preferred Stock   (25,125 )       (25,125 )       (25,125 )       (25,125 )       (25,125 )       (25,125 )       (25,125 )  
    Less: Average Intangible Assets, Net of Tax   (725,813 )       (726,917 )       (728,218 )       (729,581 )       (730,980 )       (726,362 )       (731,706 )  
    Average Tangible Common Equity, Net of Tax (Non-GAAP) $ 1,589,072       $ 1,588,832       $ 1,558,927       $ 1,496,841       $ 1,447,256       $ 1,588,953       $ 1,465,919    
                               
    Net Income Available to Common Stockholders (GAAP) $ 56,363       $ 54,870       $ 63,880       $ 48,719       $ 39,456       $ 111,233       $ 86,928    
    Plus: Intangible Asset Amortization, Net of Tax   1,188         1,206         1,399         1,399         1,399         2,394         2,945    
    Tangible Net Income (Non-GAAP) $ 57,551       $ 56,076       $ 65,279       $ 50,118       $ 40,855       $ 113,627       $ 89,873    
                               
    Return on Tangible Common Equity (Non-GAAP)   14.49   %     14.12   %     16.75   %     13.39   %     11.29   %     14.30   %     12.26   %
                               
                               
    EFFICIENCY RATIO – NON-GAAP                          
    (Dollars In Thousands) Three Months Ended   Six Months Ended
      June 30,   March 31,   December 31,   September 30,   June 30,   June 30,   June 30,
       2025    2025    2024    2024    2024    2025    2024
    Noninterest Expense (GAAP) $ 93,598       $ 92,902       $ 96,289       $ 94,629       $ 91,413       $ 186,500       $ 188,348    
    Less: Intangible Asset Amortization   (1,505 )       (1,526 )       (1,771 )       (1,772 )       (1,771 )       (3,031 )       (3,728 )  
    Less: OREO and Foreclosure Expenses   (29 )       (600 )       (227 )       (942 )       (373 )       (629 )       (907 )  
                                                                         
    Adjusted Noninterest Expense (Non-GAAP) $ 92,064       $ 90,776       $ 94,291       $ 91,915       $ 89,269       $ 182,840       $ 183,713    
                               
    Net Interest Income (GAAP) $ 133,014       $ 130,270       $ 134,370       $ 131,110       $ 128,571       $ 263,284       $ 255,634    
    Plus: Fully Taxable Equivalent Adjustment   6,199         6,127         5,788         5,883         5,859         12,326         11,655    
    Net Interest Income on a Fully Taxable Equivalent Basis (Non-GAAP) $ 139,213       $ 136,397       $ 140,158       $ 136,993       $ 134,430       $ 275,610       $ 267,289    
                               
    Noninterest Income (GAAP) $ 31,303       $ 30,048       $ 42,742       $ 24,866       $ 31,334       $ 61,351       $ 57,972    
    Less: Investment Securities (Gains) Losses   1         7         11,592         9,114         49         8         51    
    Adjusted Noninterest Income (Non-GAAP) $ 31,304       $ 30,055       $ 54,334       $ 33,980       $ 31,383       $ 61,359       $ 58,023    
    Adjusted Revenue (Non-GAAP) $ 170,517       $ 166,452       $ 194,492       $ 170,973       $ 165,813       $ 336,969       $ 325,312    
    Efficiency Ratio (Non-GAAP)   53.99   %     54.54   %     48.48   %     53.76   %     53.84   %     54.26   %     56.47   %
                               
    Adjusted Noninterest Expense (Non-GAAP) $ 92,064       $ 90,776       $ 94,291       $ 91,915       $ 89,269       $ 182,840       $ 183,713    
    Less: Non-core Expenses1,2   —         —         (762 )       —         —         —         (3,481 )  
    Adjusted Noninterest Expense Excluding Non-core Expenses (Non-GAAP) $ 92,064       $ 90,776       $ 93,529       $ 91,915       $ 89,269       $ 182,840       $ 180,232    
                               
    Adjusted Revenue (Non-GAAP) $ 170,517       $ 166,452       $ 194,492       $ 170,973       $ 165,813       $ 336,969       $ 325,312    
    Less: Gain on Branch Sale   —         —         (19,983 )       —         —         —         —    
    Adjusted Revenue Excluding Gain on Branch Sale (Non-GAAP) $ 170,517       $ 166,452       $ 174,509       $ 170,973       $ 165,813       $ 336,969       $ 325,312    
                                                                         
    Adjusted Efficiency Ratio (Non-GAAP)   53.99   %     54.54   %     53.60   %     53.76   %     53.84   %     54.26   %     55.40   %
     
    1 – Non-core expenses in the Three Months Ended December 31, 2024 included $0.8 million of costs directly related to the branch sale.
    2 – Non-core expenses in the Six Months Ended June 30, 2024 included $2.4 million from duplicative online banking conversion costs and $1.1 million from the FDIC special assessment.
                               


    For more information, contact:
    Nicole M. Weaver, First Vice President and Director of Corporate Administration
    765-521-7619
    http://www.firstmerchants.com

    SOURCE: First Merchants Corporation, Muncie, Indiana

    The MIL Network –

  • MIL-OSI Security: San Joaquin County Felon Indicted for Illegal Firearms Trafficking and Being a Felon in Possession of Firearms

    Source: US FBI

    A federal grand jury returned a three-count indictment today against Rueben Paul Phill, 41, of Tracy, charging him with illegal firearms trafficking and two counts of being a felon in possession of firearms, Acting U.S. Attorney Kimberly A. Sanchez announced.

    According to court documents, between Aug. 22, 2023, and Aug. 27, 2024, Phill trafficked firearms with Alejandra Susana Castillo, 34, of Tracy, by purchasing them in Nevada and selling them on the black market in California.

    On July 27, 2024, Phill led a law enforcement officer on a high-speed chase in excess of 100 miles per hour. The officer ultimately ended the pursuit for public safety concerns. Two days later, another officer observed the car parked at a gas station. The officer detained Castillo, who was then using the car. During a search of the vehicle, the officer discovered a semi-automatic rifle in the trunk, along with three extended magazines.

    In total, more than 30 firearms were traced to this conspiracy. At least three of these firearms have been recovered in connection with suspected firearm-related crimes. One such firearm, for example, was recovered in the possession of a felon in Vallejo on July 25, 2024, only three days after Castillo purchased the firearm in Nevada on July 22, 2024.

    Castillo pleaded guilty to illegal firearms trafficking on Jan. 31, 2025, and is scheduled to be sentenced on Aug. 1, 2025.

    This case is the product of an investigation by the Bureau of Alcohol, Tobacco, Firearms and Explosives, the California Highway Patrol, the Pleasonton Police Department, the Reno Police Department, the Tracy Police Department, and the San Joaquin County District Attorney’s Office. Assistant U.S. Attorney Adrian T. Kinsella is prosecuting the case.

    If convicted, Phill faces a maximum statutory penalty of 15 years in prison and a $250,000 fine on each count. Any sentence, however, would be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables. The charges are only allegations; Phill is presumed innocent until and unless proven guilty beyond a reasonable doubt.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the U.S. Department of Justice launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to combat illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    MIL Security OSI –

  • MIL-OSI Security: Vacaville Man Indicted for Firearm and Drug Possession

    Source: US FBI

    A federal grand jury returned a four-count indictment charging James Cargill, 44, of Vacaville, him with two counts of possession of methamphetamine with intent to distribute, being a felon in possession of a firearm, and possession of a firearm in furtherance of a drug trafficking offense, Acting U.S. Attorney Kimberly A. Sanchez announced.

    According to court documents, Cargill was arrested in January 2025 for possessing more than 500 grams of a substance or mixture containing methamphetamine and a loaded semi-automatic pistol. Cargill is prohibited from possessing firearms or ammunition due to his prior felony convictions for burglary, evading police officers, and possession of a firearm. After being released from custody, Cargill was arrested again in May 2025 for possessing methamphetamine and another loaded semi-automatic pistol.

    This case is the product of an investigation by the Vacaville Police Department, the Fairfield Police Department, the Federal Bureau of Investigation, and the Bureau of Alcohol, Tobacco, Firearms and Explosives. Assistant U.S. Attorney Charles Campbell is prosecuting the case.

    If convicted, Cargill faces a mandatory minimum of 15 years in prison, a maximum statutory penalty of life in prison and a $10 million fine. Any sentence, however, would be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables. The charges are only allegations; the defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt.

    MIL Security OSI –

  • MIL-OSI: Music Licensing, Inc. (OTC: SONG) Enters Retainer Agreement with PCAOB-Registered Audit Firm for Review of Semi-Annual 2025 Financial Statements

    Source: GlobeNewswire (MIL-OSI)

    NAPLES, FL, July 23, 2025 (GLOBE NEWSWIRE) — Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, a diversified holding company and the fifth public performance rights organization (PRO) established in the United States, today announced that it has officially executed a retainer agreement with a Public Company Accounting Oversight Board (PCAOB)-registered audit firm. The agreement covers the review of the Company’s semi-annual financial statements for the period ending June 30, 2025.

    This engagement represents a critical milestone in the Company’s broader plan to adopt and maintain PCAOB-compliant financial reporting standards. It reflects a long-term commitment to enhancing transparency, supporting regulatory compliance, and upholding best practices in financial governance.

    The formal retention of a PCAOB-registered firm follows the Company’s July 2, 2025 announcement regarding its intention to pursue annual audits and periodic reviews of financial statements. With the agreement now in place, the Company expects to proceed with the independent review process and release its semi-annual 2025 financials accordingly.

    The initiative is designed to strengthen the integrity of the Company’s financial disclosures, build investor confidence, and support current and future capital markets activities.

    Music Licensing, Inc. licenses music to leading platforms and businesses globally, including TikTok, iHeartMedia, Triller, Napster, 7Digital, and Vevo. The Company holds an estimated 7.4% share of the U.S. public performance rights market and administers a catalog of over 2.5 million musical works. This includes works by high-profile recording artists as well as content generated through artificial intelligence (AI) platforms.

    The Company also maintains royalty interests in Listerine “Mouthwash” Antiseptic and in a large portfolio of musical works performed by internationally recognized artists such as The Weeknd, Justin Bieber, Kanye West, Elton John, Rihanna, Lil Nas X, and others.

    This step positions the Company for continued operational growth, improved transparency, and future scalability in line with public company reporting standards.

    About Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com)

    About Music Licensing, Inc. (OTC:SONG)  (ProMusicRights.com)

    Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is a diversified holding company and the fifth public performance rights organization (PRO) established in the United States. It is recognized under the federal registry of the United States government. The company licenses music to some of the most prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, and many others.

    Pro Music Rights holds an estimated 7.4% market share in the United States, representing a catalog of more than 2.5 million works by notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and many others, including works generated by artificial intelligence (AI).

    Additionally, Music Licensing, Inc. (OTC: SONG) holds royalty interests in Listerine “Mouthwash” Antiseptic and a vast portfolio of musical works by globally renowned artists, including The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, BlueFace, The Game, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne-Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, and many others.

    Forward-Looking Statements:

    This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

    Non-Legal Advice Disclosure:

    This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.

    Non-Investment Advice Disclosure:

    This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication

    Contact: investors@ProMusicRights.com

    SOURCE: Music Licensing, Inc

    The MIL Network –

  • MIL-OSI Australia: From Epping to Powrunna – fourth translocation successful

    Source: Tasmania Police

    Issued: 23 Jul 2025

    Open larger image

    Eleven wombats were taken from Epping Forest National Park (Scientific) to Powrunna State Forest.

    An additional 11 northern hairy-nosed wombats have been transported from Epping Forest National Park (Scientific) in Queensland’s central west to Powrunna State Forest in the state’s southwest.

    This translocation project is an integral component of the Queensland Government’s northern hairy-nosed wombat recovery program which aims to establish a third population of the endangered marsupial.

    The project began in May 2024 after extensive preparation of the site at Powrunna and 37 wombats have already successfully been translocated.

    In June 2025, rangers from across Queensland gathered at Epping Forest National Park (Scientific) to carefully trap six females and five males for relocation to their new home.

    Principal Conservation Officer Samantha Ryan said there were now 21 females and 16 males at Powrunna, which had been specifically chosen for the third population of wombats.

    “Monitoring by the Department of the Environment, Tourism, Science and Innovation shows the wombats have embraced their new home with plenty of new burrows,” Ms Ryan said.

    “We have already seen some young-at-foot on trail cameras, and our ultimate goal is to create another self-sustaining population of northern hairy-nosed wombats.

    “Transportation takes around ten hours during the day when the wombats are usually sleeping, and they’re released early in the evening into artificial burrows.

    “Our goal is to translocate up to sixty wombats to Powrunna by 2026, and there is much hope that the population there will grow as it has at Epping.”

    Senior Program Officer David Field had never seen a northern hairy-nosed wombat prior to the translocation, and said it was wonderful to be involved.

    “It was great to be involved in the planning, trapping, relocation and release of this endangered species and it’s an experience I’ll never forget,” Mr Field said.

    “I’ve learnt so much by working alongside experts, and the wombats were in excellent condition and were bigger and softer than you’d expect.”

    Rangers from the Queensland Parks and Wildlife Service have used radio trackers and remote cameras to monitor wombats at Powrunna, and site inspections show they have moved on from starter burrows and have dug multiple burrows of their own.

    Northern hairy-nosed wombats previously ranged from New South Wales and into Queensland. In the eighties, the population of wombats at Epping Forest National Park was estimated to be around 35 and is now estimated to be at least 400.

    Richard Underwood Nature Refuge near Wycombe is managed by the Australian Wildlife Conservancy and is home to a small population of northern hairy-nosed wombats.

    The Gunggari Native Title Aboriginal Corporation (GNTAC) and Gunggari Native Title Holders, Glencore, The Wombat Foundation and Australian Wildlife Conservancy have provided ongoing support for this project.

    In Queensland, some national parks are designated as “scientific” and are either fully or partially closed to the public to protect their natural values.

    MIL OSI News –

  • MIL-OSI Security: Chicago Man Sentenced to Nearly Two Years in Prison for Violating Conditions of Court-Supervised Release Following Imprisonment

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    CHICAGO — A Chicago man has been sentenced to nearly two years in federal prison for violating the conditions of court-supervised release following his imprisonment for a firearms offense.

    KEESHON SAMSON, 31, was released from federal prison in 2023 after being convicted of illegally possessing a loaded semiautomatic handgun on Chicago’s South Side.  The gun had been reported stolen in a burglary of a licensed firearms dealer.  Samson remained under court-supervised release for three years following imprisonment.

    In February 2025, Samson was accused of breaking windows out of an acquaintance’s house and threatening the physical safety of an Illinois Department of Children and Family Services (DCFS) investigator in a series of harassing telephone calls from a masked phone number.

    On July 2, 2025, U.S. District Judge John Robert Blakey found that Samson threatened the DCFS investigator and thus violated the supervised release conditions, one of which prohibited him from committing a federal, state, or local crime while under supervision.  Judge Blakey sentenced Samson to 21 months in federal prison.

    The sentence was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, and Christopher Amon, Special Agent-in-Charge of the Chicago Field Division of the U.S. Bureau of Alcohol, Tobacco, Firearms, and Explosives. The government was represented by Assistant U.S. Attorney Jeffrey Snell.

    “In our federal system of justice, supervised release is a critically important part of the sentencing process,” said U.S. Attorney Boutros.  “It is designed to help offenders transition back into society while also ensuring public safety.  When a defendant on supervised release chooses to violate clear conditions designed to protect the community, my Office will not hesitate to prosecute the violation and hold the defendant accountable.”

    “The defendant’s conduct while on supervised release demonstrated a reckless disregard for the law, the safety of others, and the Court’s orders,” said ATF SAC Amon.  “This sentence sends a clear message that violations of Court-imposed conditions of release will not be tolerated.”

    MIL Security OSI –

  • MIL-OSI: ETH and BTC Earning Made Easier: ETHRANSACTION Launches Newbie-Friendly Crypto Access Guide for 2025

    Source: GlobeNewswire (MIL-OSI)

    Kansas City, Missouri, July 23, 2025 (GLOBE NEWSWIRE) — ETHRANSACTION is a leading platform in the cryptocurrency space. In this industry, generating new digital assets and confirming transactions are core functions. The two most popular currencies involved in such operations are usually Bitcoin (BTC) and Ethereum (ETH). ETHRANSACTION operates as a mobile-first crypto earning platform founded in 2017. Today, the company announced the launch of its BTC and ETH earning system optimized for 2025, giving new users direct access to simplified crypto participation without hardware or setup costs. The update makes ETHRANSACTION one of the few mobile platforms that enables real-time BTC and ETH income generation through AI optimization and renewable energy.

    ETHRANSACTION’s Approach to Ethereum (ETH) Rewards:
    Ethereum’s early reliance on the Proof of Work (PoW) protocol demanded high-performance computing to solve complex problems and validate transactions. After shifting to Proof of Stake (PoS), Ethereum’s energy consumption dropped significantly, allowing participants to earn rewards by simply staking ETH.
    Despite this transition, some platforms, including ETHRANSACTION, continue to offer ETH-based earning potential by utilizing off-chain infrastructure and data center solutions that replicate the original operational environment.

    ETHRANSACTION’s Approach to Bitcoin (BTC) Rewards:
    Bitcoin still uses the Proof of Work (PoW) protocol, which typically requires powerful, energy-intensive hardware. While earning BTC remains profitable, individual efforts often face challenges due to equipment and electricity costs.
    Many users are turning to platforms like ETHRANSACTION, which let users access computing resources remotely, removing the need for personal hardware or ongoing maintenance.

    What is ETHRANSACTION?
    Launched in 2017, ETHRANSACTION is a mobile-based platform that enables users to earn from cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, Ripple, and USDT, all from a smartphone. No costly setup is necessary. Just sign up, activate a contract with a free trial bonus, and begin earning rewards. ETHRANSACTION blends AI technology with solar-powered infrastructure to make crypto participation accessible to everyone.

    Key Features of the ETHRANSACTION 2025 Platform

    • No upfront investment – New users receive a $19 sign-up bonus.
    • Mobile-optimized experience – All features are accessible directly through the app.
    • Multi-currency support – Earn rewards in BTC, ETH, XRP, DOGE, and USDT all in one place.
    • AI-driven performance optimization – The system intelligently allocates resources to the most rewarding opportunities.
    • Eco-friendly infrastructure – All facilities are powered by renewable energy sources.
    • Flexible earning contracts – Choose between 2 to 60-day plans, with daily payouts and reinvestment options.

    Why ETHRANSACTION is a Practical Alternative to Traditional Crypto Earning Methods
    Traditional approaches often require:

    • High electricity usage
    • Expensive, specialized hardware
    •  Advanced technical skills

    ETHRANSACTION removes these barriers through:

    • Fully automated, app-based earning
    • Sustainable operations powered by green energy
    • Daily returns without technical involvement

    Plus, you can test the platform through a free trial before continuing. ETHRANSACTION opens the door to digital asset income for everyone — from newcomers to seasoned investors seeking passive returns.

    GET STARTED WITH ETHRANSACTION
    First:

    1. Register at ethransaction.vip or download the ETHRANSACTION app.
    2. Instantly receive your $19 bonus.
    3. Select a reward plan.
    4. Start earning daily rewards from BTC, ETH, and more.
      No experience or equipment required.

    Wrapping Up
    Earning from crypto is no longer costly or complicated. With platforms like ETHRANSACTION, anyone can:

    • Start generating returns from Bitcoin and Ethereum
    • Begin immediately with a $19 bonus
    • Receive daily rewards straight to their phone

    Whether you’re commuting, working, or just exploring crypto, ETHRANSACTION makes earning passive income easier than ever.
    Ready? Sign up for ETHRANSACTION today and claim your free bonus!

    About ETHRANSACTION
    Founded in 2017, ETHRANSACTION operates one of the world’s largest mobile-based crypto earning platforms. By merging AI-driven optimization with ESG-compliant energy practices, ETHRANSACTION simplifies the way users interact with digital assets in a mobile-friendly format accessible worldwide.

    Website: https://ethransaction.vip
    App Download: Available on iOS and Android
    Business Inquiries: info@ethransaction.vip

    Attachment

    The MIL Network –

  • MIL-OSI Security: Charleston Man Sentenced to More than 12 Years in Prison for Federal Drug Crime

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    CHARLESTON, W.Va. – Antwaun Winbush, 45, of Charleston was sentenced on Monday, July 21, 2025, to 12 years and seven months in prison, to be followed by five years of supervised release, for possession with intent to distribute 50 grams or more of a mixture containing methamphetamine.

    According to court documents and statements made in court, on March 25, 2024, a law enforcement officer attempted a traffic stop of a vehicle driven by Winbush on U.S. Route 35 in Putnam County. Winbush attempted to flee from the officer, reaching speeds exceeding 100 miles per hour. While fleeing, Winbush dumped large quantities of methamphetamine and marijuana out of his vehicle’s window. Some of the thrown methamphetamine struck the officer’s patrol vehicle and the officer inhaled methamphetamine through the air vents. Winbush almost struck multiple vehicles while fleeing before he lost control of his vehicle and came to a stop.

    Officers arrested Winbush following the pursuit and recovered some but not all the methamphetamine from the roadway. As part of his guilty plea, Winbush admitted that he possessed approximately 141.8 grams of a mixture containing methamphetamine.

    Winbush also committed other criminal conduct on October 4, 2021, and December 24, 2023. On October 4, 2021, an officer conducted a traffic stop of a vehicle driven by Winbush in Jackson County. A search of the vehicle by law enforcement resulted in the seizure of approximately 227 grams of a mixture containing methamphetamine, 8 grams of cocaine, 14.7 grams of fentanyl, and a Glock model 33 .357-caliber pistol found hidden behind the stereo area of the dashboard. Winbush admitted to possessing the seized controlled substances and to intending to distribute them.

    On December 24, 2023, law enforcement officers executed a search warrant at Winbush’s residence and seized more than 500 grams of methamphetamine, a firearm, and ammunition found hidden behind a loose wall. Officers also found drug trafficking paraphernalia, including scales, cutting agents and plastic baggies, during the search.

    “Winbush’s criminal history dates back 30 years and includes 20 adult convictions. Winbush has shown time and again that he is only deterred from continuing his criminal conduct and putting citizens at risk when he is incarcerated,” said Acting United States Attorney Lisa G. Johnston. “I commend the brave law enforcement officers who safely apprehended the defendant after he endangered their lives and the public with his reckless attempt to flee the Putnam County traffic stop. I also commend investigative work of the Putnam County Sheriff’s Office, the Jackson County Sheriff’s Office, the Charleston Police Department and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF).”

    Senior United States District Judge John T. Copenhaver, Jr. imposed the sentence. Assistant United States Attorney Gabriel Price prosecuted the case.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 2:24-cr-154.

    ###

     

     

    MIL Security OSI –

  • MIL-OSI Security: New York Man Charged For Making And Attempting To Use Improvised Explosive Devices In Manhattan

    Source: Office of United States Attorneys

    United States Attorney for the Southern District of New York, Jay Clayton; Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), Christopher G. Raia; and Commissioner of the New York City Police Department (“NYPD”), Jessica S. Tisch, announced today charges against MICHAEL GANN alleging that he manufactured at least seven improvised explosive devices (“IEDs”) using precursor chemicals—chemicals that can be combined to create an explosive mixture—that he had ordered on the internet, stored at least five IEDs and shotgun shells on adjoining rooftops of residential apartment buildings in the SoHo neighborhood of Manhattan, threw at least one IED onto the subway tracks of the Williamsburg Bridge, and subsequently lied to law enforcement about having disposed of his explosives and supplies in a dumpster.  This case has been assigned to U.S. District Judge Dale E. Ho.

    “The safety of New Yorkers is paramount,” said U.S. Attorney Jay Clayton.  “As alleged, Michael Gann built explosive devices, stored them on a rooftop in SoHo, and threw one onto the subway tracks—putting countless lives at risk.  Thanks to swift work by our law enforcement partners, no one was harmed.  That vigilance assuredly prevented a tragedy in New York.”

    “Michael Gann allegedly produced multiple improvised explosive devices intended for use in Manhattan,” said FBI Assistant Director in Charge Christopher G. Raia.  “Due to the successful partnership of law enforcement agencies in New York, Gann was swiftly brought to justice before he could harm innocent civilians shortly after his dangerous actions became known.  The FBI’s Joint Terrorism Task Force is enduring in its commitment and determination to protect the homeland.”

    “This defendant allegedly stockpiled homemade explosives and traveled to New York City with these deadly devices,” said NYPD Commissioner Jessica S. Tisch.  “He threw one of these devices onto an active subway track and stored others on the rooftop of a residential building, but because of the skilled investigative work and swift response from the NYPD and our partners, we were able to intervene before he caused any harm.  I am grateful to the members of the NYPD, FBI, and the U.S. Attorney’s Office for all the work they do every day to keep New Yorkers safe.”

    As alleged in the Complaint, Indictment, and public court filings:[1]

    In or about May 2025, GANN ordered approximately two pounds of potassium perchlorate and approximately one pound of aluminum powder—precursor chemicals—online, along with over 200 cardboard tubes and over 50-feet worth of fuses.  In or about early June 2025, GANN received his packages containing the precursor chemicals and other supplies, mixed the precursor chemicals together, applied a flame to the mixture, and caused an explosion.  GANN subsequently assembled at least seven IEDs using the precursor chemicals, cardboard tubes, and fuses.

    GANN stored the precursor chemicals and at least five IEDs, pictured below, on the rooftops of residential apartment buildings in SoHo.  The pictured black device contained approximately 30 grams of explosive powder—approximately 600 times the legal limit for consumer fireworks.

    GANN also stored at least four shotgun shells on the same rooftops, which he intended to combine with one or more of the IEDs.

    GANN threw a sixth IED onto the subway tracks on the Williamsburg Bridge, as pictured below.

    On or about June 5, 2025, law enforcement agents arrested GANN in SoHo, incident to which they recovered a seventh IED from GANN’s person.  Following GANN’s arrest, GANN falsely told law enforcement, in substance and in part, that he had disposed of the precursor chemicals and the shotgun shells in a dumpster in Manhattan.

    In or about May and June 2025, GANN conducted internet searches related to explosives and firearms, including: “will i pass a background check,” “gun background check test,” “can i buy a gun in any state without ffl [federal firearms license],” “3D gun printing,” “gun stores,” “clorine bomb,” “how to make flash powder from household items,” “what to mix with potassium perchlorate to make flash powder,” “alluminum powder,” “black powder nearby,” “quarter stick m1000 firecracker,” “1/2 stick dynamite,” and “rechargeable nail gun to shoot into steal.”

    On or about June 5, 2025, just hours before GANN was arrested with an IED on his person, GANN posted to Instagram, “Who wants me to go out to play like no tomorrow?”

    *               *                *

    GANN, 55, of Inwood, New York, is charged with one count of attempted destruction of property by means of explosives, which carries a mandatory minimum of five years in prison and a maximum sentence of 20 years in prison; one count of transportation of explosive materials, which carries a maximum sentence of 10 years in prison; and one count of unlawful possession of destructive devices, which also carries a maximum sentence of 10 years in prison.

    The minimum and maximum potential sentences are prescribed by Congress and provided here for informational purposes only, as any sentencing of the defendant will be determined by a judge.

    Mr. Clayton praised the outstanding efforts of the New York Joint Terrorism Task Force of the FBI, which consists of investigators and analysts from the FBI, NYPD, and over 50 other federal, state, and local agencies; the Bureau of Alcohol, Tobacco, Firearms and Explosives; the Nassau County Police Department; and the New York Metropolitan Transportation Authority.

    This case is being handled by the Office’s National Security and International Narcotics Unit.  Assistant U.S. Attorneys Jonathan L. Bodansky, Michael D. Lockard, and Chelsea L. Scism, and Special Assistant U.S. Attorney Julie Isaacson, are in charge of the prosecution.

    [1] As the introductory phrase signifies, the entirety of the charging instruments and other public filings to date constitute only allegations, and every fact described herein should be treated as an allegation.

    MIL Security OSI –

  • MIL-OSI Security: Three Syracuse Men Plead Guilty to Possessing and Selling Firearms

    Source: Office of United States Attorneys

    UTICA, NEW YORK –Erik Burch, age 30, Khalid Richardson, age 30, and Lamar Stanford, age 33, each of Syracuse, have each pled guilty for their respective roles in a firearms trafficking operation. Burch pled guilty last week to the unlawful sale of a firearm to a prohibited person; Richardson pled guilty to possession of a firearm by a prohibited person on June 4, 2025; and Stanford pled guilty to possession of a firearm by a prohibited person on April 30, 2025. Acting United States Attorney John A. Sarcone III and Bryan Miller, Special Agent in Charge of the New York Field Division of the United States Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), made the announcement.

    Richardson admitted that he sold firearms to an individual whom he knew to be a felon on four separate occasions in 2022. He further admitted that he obtained firearms on two of those occasions from his co-defendants, Stanford and Burch. Stanford and Burch each admitted to possessing firearms on the dates of the firearm sales that they engaged in with Richardson. Stanford and Burch were each prohibited from possessing firearms based on prior felony convictions.

    Acting United States Attorney John Sarcone stated, “If you sell firearms to felons, be ready to spend a long time in federal prison. We will not tolerate felons buying, selling, or possessing firearms in the Northern District of New York. We will use all of the tools at our disposal to make sure these people are prosecuted to the fullest extent of the law.”

    ATF Special Agent in Charge Bryan Miller stated: “This case underscores the serious threat that illegal firearms trafficking pose to our communities. These defendants — including two convicted felons — were involved in trafficking firearms, a crime that puts lives at risk and undermines the safety of our communities. Thanks to the diligent work of ATF NY Syracuse, in coordination with the Syracuse Police Department and the U.S. Attorney’s Office for the Northern District of New York, we were able to disrupt this operation and hold these individuals accountable. We remain committed to working alongside our law enforcement partners to stem schemes that fuel violent crime.”

    The charges filed against Burch, Richardson, and Stanford carry a maximum term of 15 years in prison, a maximum fine of $250,000, and a term of supervised release of up to 3 years. A defendant’s sentence is imposed by a judge based on the particular statutes the defendant is convicted of violating, the U.S. Sentencing Guidelines, and other factors. Burch is scheduled to be sentenced on November 12, 2025; Richardson is scheduled to be sentenced on October 15, 2025; and Stanford is scheduled to be sentenced on August 27, 2025.  The defendants will appear for sentencing before Senior United States District Judge David N. Hurd.

    ATF investigated the case with assistance from the Syracuse Police Department’s Intelligence Unit. Assistant U.S. Attorney Jessica N. Carbone is prosecuting the case as part of Project Safe Neighborhoods.

    Project Safe Neighborhoods (PSN) is the centerpiece of the Department of Justice’s violent crime reduction efforts.  PSN is an evidence-based program proven to be effective at reducing violent crime.  Through PSN, a broad spectrum of stakeholders work together to identify the most pressing violent crime problems in the community and develop comprehensive solutions to address them.  As part of this strategy, PSN focuses enforcement efforts on the most violent offenders and partners with locally based prevention and reentry programs for lasting reductions in crime. For more information about Project Safe Neighborhoods, please visit https://www.justice.gov/psn.

    MIL Security OSI –

  • MIL-OSI: Matador Technologies Inc. Secures USD $100 Million Financing Facility to Accelerate Bitcoin Treasury Growth

    Source: GlobeNewswire (MIL-OSI)

    Key Highlights

    • Strategic Capitalization: Matador has executed a Purchase Agreement for a USD $100 million secured convertible note facility (the “Facility”) with ATW Partners, featuring an initial USD $10.5 million tranche.
    • Exclusive Use of Proceeds: Proceeds are earmarked for purchasing Bitcoin as part of Matador’s treasury allocation strategy, with the intention of increasing long-term Bitcoin-per-share (BPS).
    • Institutional Partnership: ATW Partners—an institutional investor known for structuring growth-stage financings—brings both capital and strategic depth to Matador’s Bitcoin ecosystem vision.

      Flexible, Equity-Aligned Structure: The secured convertible notes provide minimally dilutive, price-adaptive funding that converts at market-aligned prices.

    • Accelerates Treasury Plan: Supports Matador’s roadmap to acquire up to 1,000 BTC on or before 2026 and 6,000 BTC on or before 2027, targeting a top 20 global corporate holder position.

    TORONTO, July 23, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) (“Matador” or the “Company”), the Bitcoin Ecosystem Company, announces that it has entered into an arm’s-length agreement for a secured convertible note facility (the “Facility”) with ATW Partners (the “Investor”), signed on July 22, 2025 (the “Purchase Agreement“), pursuant to which the Company may issue convertible notes (“Notes“) in the aggregate principal amount of up to USD $100 million.

    The Facility provides a structured funding mechanism designed to support the Company’s stated objective of increasing its Bitcoin holdings. USD $10.5 million will be funded at the Initial Closing, while USD $89.5 million of additional capacity remains available subject to customary conditions, including execution of a registration-rights agreement and receipt of all required regulatory approvals. The Facility marks a significant financing step in the execution of the Company’s treasury strategy. The Facility will be used exclusively to purchase Bitcoin for Matador’s balance sheet, reinforcing its strategy to become a top 20 corporate holder globally.

    Deven Soni, CEO of Matador Technologies, commented:

    “This financing represents meaningful progress toward our long-term Bitcoin accumulation goals. It provides the Company with capital to increase our Bitcoin holdings in a way that minimizes immediate dilution and aligns with our broader capital strategy.”

    Mark Moss, Chief Visionary Officer of Matador Technologies, added:

    “Bitcoin remains central to our business model and balance sheet approach. This structure supports our objective of growing Bitcoin per share and reflects continued institutional interest in our strategy.”

    This funding supports Matador’s long-term BTC strategy, including:

    • Acquiring up to 1,000 BTC on or before 2026
    • Reaching 6,000 BTC on or before 2027
    • Long-term objective to hold 1% of Bitcoin’s supply and be a top 20 corporate holder globally

    The Notes will carry an interest rate of 8% per annum and the maturity date of the Notes will be approximately two years from the applicable closing date. The Notes will be senior secured, with the Initial Closing backed by 1.5x Bitcoin collateral, and future tranches secured by 1.0x Bitcoin collateral. The Notes will be convertible at the closing price immediately prior to the related news release. As it relates to the Initial Closing, the conversion price will be CAD$0.72.

    The Notes, and the common shares issuable upon conversion, will be issued outside of Canada pursuant to Ontario Securities Commission Rule 72-503 – Distributions Outside Canada, and accordingly will not be subject to any statutory hold period under Canadian securities laws. A copy of the Purchase Agreement is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

    Joseph Gunnar & Co., LLC acted as placement agent for the transaction. For the Initial Closing, the placement agent will receive a placement fee of 5% in cash on the net proceeds received by the Company, a capital markets advisory fee of 2.5% in cash on the net proceeds, and 5% fee in warrants. For any subsequent closings, the placement agent will receive a 5% cash placement fee on the net proceeds received by the Company.

    For additional information, please contact:

    Media Contact:
    Sunny Ray
    President
    Email: sunny@matador.network
    Phone: 647-496-6282

    About Matador Technologies Inc.
    Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) is a publicly traded Bitcoin ecosystem company focused on holding Bitcoin as its primary treasury asset and building products to enhance the Bitcoin network. Matador’s strategy combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure, with a focus on driving long-term shareholder value while maintaining capital efficiency.

    Matador has recently proposed to expand its global footprint by entering into an agreement to invest in HODL Systems, one of India’s first digital asset treasury companies, securing up to a 24% ownership stake. This investment strengthens Matador’s position as a leading Bitcoin treasury company and underscores its commitment to the worldwide adoption of Bitcoin as a reserve asset.

    With a Bitcoin-first strategy, and a clear focus on innovation, Matador is shaping the future of financial infrastructure on Bitcoin.

    Visit us online at https://www.matador.network/.

    Cautionary Statement Regarding Forward-Looking Information

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

    This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. All statements that are not historical facts are forward-looking statements, including, without limitation: (i) statements regarding the structure, terms, and anticipated benefits of the Facility; (ii) expectations relating to the timing and completion of the initial USD$10.5 million tranche and subsequent drawdowns, upon terms as presently proposed or at all; (iii) the use of proceeds from the Facility for purchasing Bitcoin; (iv) the Company’s ability to meet its Bitcoin accumulation targets, including 1,000 BTC on or before 2026, 6,000 BTC on or before 2027, and a long-term goal of holding 1% of Bitcoin’s total supply; and (v) the Company’s strategy to grow Bitcoin-per-share (BPS) and become a top 20 global corporate BTC holder.

    Forward-looking information is based on management’s reasonable assumptions at the time such statements are made, including assumptions regarding market conditions, the price and availability of Bitcoin, regulatory and stock exchange approvals, and the Company’s ability to execute its strategic plans and secure additional capital on acceptable terms.

    Forward-looking statements are subject to various risks and uncertainties, including: fluctuations in Bitcoin price and trading volume; availability and terms of financing; satisfaction of conditions related to future drawdowns under the Facility; the impact of potential penalties and payments under the Facility on the liquidity and future prospects of the Company; potential risks associated with the Company committing an event of default under the Facility and the potential implications thereof; regulatory risk; changes in the Company’s business model or execution plans; and the potential that the Company will not receive applicable regulatory approval of the Facility or any individual drawdown thereunder.. There can be no assurance that the Company will meet its BTC accumulation targets, receive any applicable regulatory approvals, complete any tranches of the Facility, or achieve its broader strategic objectives within the projected timelines or at all.

    Forward-looking statements are provided to offer information about management’s current expectations and plans and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such forward-looking information. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

    The MIL Network –

  • MIL-OSI: Matador Technologies Inc. Secures USD $100 Million Financing Facility to Accelerate Bitcoin Treasury Growth

    Source: GlobeNewswire (MIL-OSI)

    Key Highlights

    • Strategic Capitalization: Matador has executed a Purchase Agreement for a USD $100 million secured convertible note facility (the “Facility”) with ATW Partners, featuring an initial USD $10.5 million tranche.
    • Exclusive Use of Proceeds: Proceeds are earmarked for purchasing Bitcoin as part of Matador’s treasury allocation strategy, with the intention of increasing long-term Bitcoin-per-share (BPS).
    • Institutional Partnership: ATW Partners—an institutional investor known for structuring growth-stage financings—brings both capital and strategic depth to Matador’s Bitcoin ecosystem vision.

      Flexible, Equity-Aligned Structure: The secured convertible notes provide minimally dilutive, price-adaptive funding that converts at market-aligned prices.

    • Accelerates Treasury Plan: Supports Matador’s roadmap to acquire up to 1,000 BTC on or before 2026 and 6,000 BTC on or before 2027, targeting a top 20 global corporate holder position.

    TORONTO, July 23, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) (“Matador” or the “Company”), the Bitcoin Ecosystem Company, announces that it has entered into an arm’s-length agreement for a secured convertible note facility (the “Facility”) with ATW Partners (the “Investor”), signed on July 22, 2025 (the “Purchase Agreement“), pursuant to which the Company may issue convertible notes (“Notes“) in the aggregate principal amount of up to USD $100 million.

    The Facility provides a structured funding mechanism designed to support the Company’s stated objective of increasing its Bitcoin holdings. USD $10.5 million will be funded at the Initial Closing, while USD $89.5 million of additional capacity remains available subject to customary conditions, including execution of a registration-rights agreement and receipt of all required regulatory approvals. The Facility marks a significant financing step in the execution of the Company’s treasury strategy. The Facility will be used exclusively to purchase Bitcoin for Matador’s balance sheet, reinforcing its strategy to become a top 20 corporate holder globally.

    Deven Soni, CEO of Matador Technologies, commented:

    “This financing represents meaningful progress toward our long-term Bitcoin accumulation goals. It provides the Company with capital to increase our Bitcoin holdings in a way that minimizes immediate dilution and aligns with our broader capital strategy.”

    Mark Moss, Chief Visionary Officer of Matador Technologies, added:

    “Bitcoin remains central to our business model and balance sheet approach. This structure supports our objective of growing Bitcoin per share and reflects continued institutional interest in our strategy.”

    This funding supports Matador’s long-term BTC strategy, including:

    • Acquiring up to 1,000 BTC on or before 2026
    • Reaching 6,000 BTC on or before 2027
    • Long-term objective to hold 1% of Bitcoin’s supply and be a top 20 corporate holder globally

    The Notes will carry an interest rate of 8% per annum and the maturity date of the Notes will be approximately two years from the applicable closing date. The Notes will be senior secured, with the Initial Closing backed by 1.5x Bitcoin collateral, and future tranches secured by 1.0x Bitcoin collateral. The Notes will be convertible at the closing price immediately prior to the related news release. As it relates to the Initial Closing, the conversion price will be CAD$0.72.

    The Notes, and the common shares issuable upon conversion, will be issued outside of Canada pursuant to Ontario Securities Commission Rule 72-503 – Distributions Outside Canada, and accordingly will not be subject to any statutory hold period under Canadian securities laws. A copy of the Purchase Agreement is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

    Joseph Gunnar & Co., LLC acted as placement agent for the transaction. For the Initial Closing, the placement agent will receive a placement fee of 5% in cash on the net proceeds received by the Company, a capital markets advisory fee of 2.5% in cash on the net proceeds, and 5% fee in warrants. For any subsequent closings, the placement agent will receive a 5% cash placement fee on the net proceeds received by the Company.

    For additional information, please contact:

    Media Contact:
    Sunny Ray
    President
    Email: sunny@matador.network
    Phone: 647-496-6282

    About Matador Technologies Inc.
    Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) is a publicly traded Bitcoin ecosystem company focused on holding Bitcoin as its primary treasury asset and building products to enhance the Bitcoin network. Matador’s strategy combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure, with a focus on driving long-term shareholder value while maintaining capital efficiency.

    Matador has recently proposed to expand its global footprint by entering into an agreement to invest in HODL Systems, one of India’s first digital asset treasury companies, securing up to a 24% ownership stake. This investment strengthens Matador’s position as a leading Bitcoin treasury company and underscores its commitment to the worldwide adoption of Bitcoin as a reserve asset.

    With a Bitcoin-first strategy, and a clear focus on innovation, Matador is shaping the future of financial infrastructure on Bitcoin.

    Visit us online at https://www.matador.network/.

    Cautionary Statement Regarding Forward-Looking Information

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

    This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. All statements that are not historical facts are forward-looking statements, including, without limitation: (i) statements regarding the structure, terms, and anticipated benefits of the Facility; (ii) expectations relating to the timing and completion of the initial USD$10.5 million tranche and subsequent drawdowns, upon terms as presently proposed or at all; (iii) the use of proceeds from the Facility for purchasing Bitcoin; (iv) the Company’s ability to meet its Bitcoin accumulation targets, including 1,000 BTC on or before 2026, 6,000 BTC on or before 2027, and a long-term goal of holding 1% of Bitcoin’s total supply; and (v) the Company’s strategy to grow Bitcoin-per-share (BPS) and become a top 20 global corporate BTC holder.

    Forward-looking information is based on management’s reasonable assumptions at the time such statements are made, including assumptions regarding market conditions, the price and availability of Bitcoin, regulatory and stock exchange approvals, and the Company’s ability to execute its strategic plans and secure additional capital on acceptable terms.

    Forward-looking statements are subject to various risks and uncertainties, including: fluctuations in Bitcoin price and trading volume; availability and terms of financing; satisfaction of conditions related to future drawdowns under the Facility; the impact of potential penalties and payments under the Facility on the liquidity and future prospects of the Company; potential risks associated with the Company committing an event of default under the Facility and the potential implications thereof; regulatory risk; changes in the Company’s business model or execution plans; and the potential that the Company will not receive applicable regulatory approval of the Facility or any individual drawdown thereunder.. There can be no assurance that the Company will meet its BTC accumulation targets, receive any applicable regulatory approvals, complete any tranches of the Facility, or achieve its broader strategic objectives within the projected timelines or at all.

    Forward-looking statements are provided to offer information about management’s current expectations and plans and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such forward-looking information. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

    The MIL Network –

  • MIL-OSI Security: USS Pearl Harbor (LSD 52) Sailors perform daily operations [Image 3 of 3]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on

    PACIFIC OCEAN (July 17, 2025) U.S. Navy Gunner’s Mate Seaman Apprentice John Rafer, from Annapolis, Maryland, sorts magazine temperature reports in the armory aboard the Harpers Ferry-class amphibious dock landing ship USS Pearl Harbor (LSD 52) in the Indo-Pacific region on Jul 17, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance region and foster new and enduring friendships in the Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist Seaman Isabel Mendoza)

    Date Taken: 07.17.2025
    Date Posted: 07.22.2025 06:56
    Photo ID: 9194909
    VIRIN: 250717-N-DM179-1025
    Resolution: 2617×2094
    Size: 649.96 KB
    Location: US
    Web Views: 7
    Downloads: 0

    PUBLIC DOMAIN  

    This work, USS Pearl Harbor (LSD 52) Sailors perform daily operations [Image 3 of 3], by SN Isabel Mendoza, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright.

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    MIL Security OSI –

  • MIL-OSI USA: July 22nd, 2025 Heinrich Announces Committee Passage of $6.5 Million to Combat Crime, Save Lives, & Keep New Mexicans Safe

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich

    WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.) announced the bipartisan Senate Appropriations Committee passage of the Fiscal Year 2026 (FY26) Commerce, Justice, Science, and Related Agencies Appropriations Bill. With Committee approval of this bill, Heinrich secured support for over $6.5 million for nine local projects in New Mexico.

    “While this Appropriations bill isn’t perfect, it includes resources and investments I negotiated for New Mexico that will help our law enforcement officers solve and reduce violent crime, keep our communities safe, and save lives,” said Heinrich, a member of the Senate Appropriations Committee. “This legislation will allocate additional resources to investigate, respond to, and prevent crimes in Tribal communities, including funding to address the crisis of Missing and Murdered Indigenous Persons. Additionally, the bill creates a fentanyl tracking system, builds on my work to prevent firearm straw purchases and illegal gun trafficking, and makes opioid use disorder medications more accessible to New Mexicans. As a member of the Senate Appropriations Committee, I will always fight for investments that put New Mexico communities first.”

    Next, the bill will be considered by the full United States Senate.

    Congressionally Directed Spending

    Heinrich successfully included $6,521,000 in investments for the following 9 local projects in the bill:

    • $1,668,000 for the New Mexico Statewide Sexual Assault Program to increase capacity at the Helpline and Work Force Trauma Institute.
    • $1,050,000 for the Bernalillo County Sheriff’s Office for forensic analysis and crime scene reconstruction equipment.
    • $1,000,000 for the Las Cruces Police Department to establish an Evidence Processing Lab for local law enforcement agencies.
    • $908,000 for the Albuquerque Police Department to purchase crime scene processing equipment at the Metropolitan Forensic Science Center.
    • $629,000 for the City of Farmington to acquire forensic DNA and narcotics identification equipment, training, and personnel.
    • $533,000 for Eastern New Mexico University Campus to enhance lighting and safety on campus.
    • $350,000 for New Mexicans to Prevent Gun Violence to expand its youth gun violence prevention programs.
    • $268,000 for the Doña Ana County Sheriff’s Office to purchase mobile security trailers.
    • $115,000 for Gallup Police Department to purchase crime scene reconstruction equipment.

    Additionally, Heinrich and U.S. Senator Ben Ray Luján (D-N.M.) successfully included $1,000,000 for the New Mexico Medical Investigator to enhance the DNA Processing Laboratory.

    Commerce, Justice, Science, and Related Agencies Key Points and Highlights

    Combatting Crimes on Tribal Lands: Heinrich successfully included language directing the Department of Justice (DOJ) to continue to allocate additional resources to address the crisis of Missing and Murdered Indigenous Persons, including providing sufficient funding to investigate, respond to, and prevent crimes in Tribal communities. Heinrich helped secure $95,000,000 within the Crime Victims Fund specifically for law enforcement efforts on Tribal lands and in order for federal, state, and tribal governments to coordinate on these critical public safety initiatives.

    Fentanyl Tracking System: Heinrich successfully included language directing the Drug Enforcement Administration (DEA) to develop a comprehensive fentanyl tracking system. That tracking system would include documentation of seizure location, chemical composition, probable or known manufacturing location, and probable or known point of entry into the United States. Currently, fentanyl interdiction is compiled at land ports of entry by the Department of Homeland Security (DHS), but the DEA does not have readily accessible tracking data on the movement of illicit drugs within the U.S. or their point of origin. Requiring the compilation and organization of that data will complement DHS’ work and improve our country’s work to effectively combat the fentanyl crisis.

    Firearm Straw Purchases Prevention: Heinrich successfully included language calling on the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) to continue its public awareness campaign to reduce firearm straw purchases at the retail level and to educate would-be straw purchasers of the penalties associated with knowingly participating in an illegal firearm purchase. This language builds on Heinrich’s work to negotiate and author the provision in the Bipartisan Safer Communities Act that increased criminal penalties for straw purchases and made it illegal to traffic firearms out of the United States. To date, more than 1,000 defendants have been charged by the Department of Justice because of those provisions, removing hundreds of firearms from the streets.

    Removing Barriers to Lifesaving Medication: Heinrich successfully included language directing the DEA to take further action to remove barriers to access for opioid use disorder medications such as buprenorphine. The data clearly shows that prescriptions of medications for opioid use disorder significantly reduce the risk of overdose death, but despite their demonstrated effectiveness, approximately 87% of those suffering from opioid use disorder do not have a prescription for these lifesaving medications. The inclusion of this language will assist local medical and mental health providers and make medications, including buprenorphine, more accessible to New Mexicans.

    MIL OSI USA News –

  • MIL-OSI USA: July 22nd, 2025 Heinrich Announces Committee Passage of $6.5 Million to Combat Crime, Save Lives, & Keep New Mexicans Safe

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich

    WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.) announced the bipartisan Senate Appropriations Committee passage of the Fiscal Year 2026 (FY26) Commerce, Justice, Science, and Related Agencies Appropriations Bill. With Committee approval of this bill, Heinrich secured support for over $6.5 million for nine local projects in New Mexico.

    “While this Appropriations bill isn’t perfect, it includes resources and investments I negotiated for New Mexico that will help our law enforcement officers solve and reduce violent crime, keep our communities safe, and save lives,” said Heinrich, a member of the Senate Appropriations Committee. “This legislation will allocate additional resources to investigate, respond to, and prevent crimes in Tribal communities, including funding to address the crisis of Missing and Murdered Indigenous Persons. Additionally, the bill creates a fentanyl tracking system, builds on my work to prevent firearm straw purchases and illegal gun trafficking, and makes opioid use disorder medications more accessible to New Mexicans. As a member of the Senate Appropriations Committee, I will always fight for investments that put New Mexico communities first.”

    Next, the bill will be considered by the full United States Senate.

    Congressionally Directed Spending

    Heinrich successfully included $6,521,000 in investments for the following 9 local projects in the bill:

    • $1,668,000 for the New Mexico Statewide Sexual Assault Program to increase capacity at the Helpline and Work Force Trauma Institute.
    • $1,050,000 for the Bernalillo County Sheriff’s Office for forensic analysis and crime scene reconstruction equipment.
    • $1,000,000 for the Las Cruces Police Department to establish an Evidence Processing Lab for local law enforcement agencies.
    • $908,000 for the Albuquerque Police Department to purchase crime scene processing equipment at the Metropolitan Forensic Science Center.
    • $629,000 for the City of Farmington to acquire forensic DNA and narcotics identification equipment, training, and personnel.
    • $533,000 for Eastern New Mexico University Campus to enhance lighting and safety on campus.
    • $350,000 for New Mexicans to Prevent Gun Violence to expand its youth gun violence prevention programs.
    • $268,000 for the Doña Ana County Sheriff’s Office to purchase mobile security trailers.
    • $115,000 for Gallup Police Department to purchase crime scene reconstruction equipment.

    Additionally, Heinrich and U.S. Senator Ben Ray Luján (D-N.M.) successfully included $1,000,000 for the New Mexico Medical Investigator to enhance the DNA Processing Laboratory.

    Commerce, Justice, Science, and Related Agencies Key Points and Highlights

    Combatting Crimes on Tribal Lands: Heinrich successfully included language directing the Department of Justice (DOJ) to continue to allocate additional resources to address the crisis of Missing and Murdered Indigenous Persons, including providing sufficient funding to investigate, respond to, and prevent crimes in Tribal communities. Heinrich helped secure $95,000,000 within the Crime Victims Fund specifically for law enforcement efforts on Tribal lands and in order for federal, state, and tribal governments to coordinate on these critical public safety initiatives.

    Fentanyl Tracking System: Heinrich successfully included language directing the Drug Enforcement Administration (DEA) to develop a comprehensive fentanyl tracking system. That tracking system would include documentation of seizure location, chemical composition, probable or known manufacturing location, and probable or known point of entry into the United States. Currently, fentanyl interdiction is compiled at land ports of entry by the Department of Homeland Security (DHS), but the DEA does not have readily accessible tracking data on the movement of illicit drugs within the U.S. or their point of origin. Requiring the compilation and organization of that data will complement DHS’ work and improve our country’s work to effectively combat the fentanyl crisis.

    Firearm Straw Purchases Prevention: Heinrich successfully included language calling on the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) to continue its public awareness campaign to reduce firearm straw purchases at the retail level and to educate would-be straw purchasers of the penalties associated with knowingly participating in an illegal firearm purchase. This language builds on Heinrich’s work to negotiate and author the provision in the Bipartisan Safer Communities Act that increased criminal penalties for straw purchases and made it illegal to traffic firearms out of the United States. To date, more than 1,000 defendants have been charged by the Department of Justice because of those provisions, removing hundreds of firearms from the streets.

    Removing Barriers to Lifesaving Medication: Heinrich successfully included language directing the DEA to take further action to remove barriers to access for opioid use disorder medications such as buprenorphine. The data clearly shows that prescriptions of medications for opioid use disorder significantly reduce the risk of overdose death, but despite their demonstrated effectiveness, approximately 87% of those suffering from opioid use disorder do not have a prescription for these lifesaving medications. The inclusion of this language will assist local medical and mental health providers and make medications, including buprenorphine, more accessible to New Mexicans.

    MIL OSI USA News –

  • MIL-OSI Australia: Private groups: watch out for common CFC errors

    Source: New places to play in Gungahlin

    Compliance reviews have revealed a high error rate in privately owned and wealthy group CFC disclosures.

    Australian resident taxpayers (e.g. the head of a group of companies) must apply the CFC provisions if they have a controlling interest in a foreign company. If this applies to you, you need to disclose all CFCs, and their income, in tax returns and the international dealings schedule (IDS).

    We monitor private group compliance through a review program, where we’re regularly seeing incorrect disclosures that highlight knowledge gaps around the CFC provisions.

    Common errors

    Common errors we see are:

    • under-reporting of CFC attributable income in tax returns, often from errors in applying the active income test, or from failing to recognise tainted income
    • deemed dividends from unlisted country CFCs omitted from the taxpayer’s assessable income
    • incorrect IDS disclosures, including
      • completely overlooking CFCs including where there is associate-inclusive control
      • inaccurate reporting of CFC gross revenue and the number of CFCs acquired and disposed of.

    Private group compliance continues to be a key focus of our Tax Avoidance Taskforce. You need to lodge correct information, otherwise you’re risking lengthy review processes and costly amendments, so it’s important to check you’re complying.

    Get across your CFC obligations

    Follow these tips to make sure you’re getting it right:

    1. Review our Controlled foreign company page for the Private Wealth International Program. Knowing the CFC basics might help avoid mistakes.
    2. Discuss the CFC provisions with your adviser.
    3. Take care if your group is growing rapidly in size and complexity. This is when you’re most susceptible to mistakes.
    4. Keep your adviser across all business developments – seemingly small changes can have big tax implications.
    5. Amend any previously lodged tax returns if you discover an error. Waiting for us to notice may result in a tax bill including penalties and interest. 

    Keep up to date

    We have tailored communication channels for medium, large and multinational businesses, to keep you up to date with updates and changes you need to know.

    Read more articles in our online Business bulletins newsroom.

    Subscribe to our free:

    • fortnightly Business bulletins email newsletterExternal Link
    • email notifications about new and updated information on our website – you can choose to receive updates relevant to your situation. Choose the ‘Business and organisations’ category to ensure your subscription includes notifications for more Business bulletins newsroom articles like this one.

    MIL OSI News –

  • MIL-OSI USA: Chairman Williams Introduces the Equal Shot Act

    Source: United States House of Representatives – Congressman Roger Williams (25th District of Texas)

    WASHINGTON, D.C. – Today, House Committee on Small Business Chairman Roger Williams (R-Texas) introduced the Equal Shot Act of 2025, a key piece of legislation aimed at ensuring fairness in federal small business policy. This bill prohibits the Small Business Administration (SBA) and its Administrator from discriminating against firearm-related businesses in the distribution of financial assistance.

    The Equal Shot Act of 2025 protects small business owners from politically motivated bias, defends Constitutional rights, and guarantees that businesses supporting the Second Amendment have the same access to federal resources as any other eligible enterprise.

    “Unelected officials should not have the power to discriminate against an entire industry based on political bias,”  said Chairman Williams. “Firearm-related businesses are owned and operated by hardworking Americans who follow the law, create jobs, and contribute to their communities. They shouldn’t be punished for their values. This bill stands up for their right to compete on a level playing field.”

    Click here to view the bill.

    Background:

    This bill comes as a response to concerns that, under the Biden Administration, federal agencies or financial institutions may have denied support or imposed restrictions on gun-related businesses for political or ideological reasons. This legislation aims to ensure that all eligible small businesses, regardless of industry, are treated fairly and without bias.

    This bill is supported by major advocacy organizations, including the National Rifle Association (NRA), Gun Owners of America (GOA), and the National Association for Gun Rights (NAGR).

    Original cosponsors include Reps. Jack Bergman (R-Michigan), Nick Langworthy (R-New York), Troy Downing (R-Montana), Jake Ellzey (R-Texas), Stephanie Bice (R-Oklahoma), Brandon Gill (R-Texas), Mike Collins (R-Georgia), Mark Alford (R-Missouri), Beth Van Duyne (R-Texas), Chuck Fleischmann (R-Tennessee), Tony Wied (R-Wisconsin), Scott Fitzgerald (R-Wisconsin), Sheri Biggs (R-South Carolina), Dan Crenshaw (R-Texas), Randy Weber (R-Texas), Anna Paulina Luna (R-Florida), Tim Walberg (R-Michigan), Mike Ezell (R-Mississippi), Tom Tiffany (R-Wisconsin), Claudia Tenney (R-New York), Steve Womack (R-Arkansas), and Michael A. Rulli (R-Ohio).

    Senator Jim Risch (R-Idaho) will lead the companion legislation in the Senate. 

    ###

    Congressman Roger Williams is the Chairman of the House Small Business Committee and member of the House Financial Services Committee. He proudly represents the 25th Congressional District of Texas.

    MIL OSI USA News –