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First Merchants Corporation FRME Q1 2026 earnings

Reported April 22, 2026 · After market close

Revenue$193.3MBeat by $4.9M
EPS$1.03Beat by $0.07
Revenue estimate$188.4M
EPS estimate$0.96

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$204.0M
EPS estimate$1.03

Financials

Q1 2026

Income statement

See full
Revenue$157.1M-2.0%
Net income$28.2M-49.1%
EPS (diluted)$0.45-52.1%

Balance sheet

See full
Cash & equivalents$98.1M+13.9%
Total debt$1.6B+22.5%
Total equity$2.7B+14.6%
Total assets$21.1B+14.3%

Cash flow

See full
Operating cash flow$58.6M-5.0%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$2.46B+3.7%
Enterprise value$4B+10.4%
P/E12.3×+1.0×
P/S3.7×+0.1×

Profitability

See full
Net margin30.1%-1.8pp

Returns & leverage

See full
Return on equity7.9%-1.2pp
Debt / equity0.6×0.0×

Segments

By product

See full
Fiduciary and wealth management fees$9.8M+13.0%
Service charges on deposit accounts$9.0M+12.0%
Card payment fees$5.3M+16.5%
Other customer fees$593.0K+42.9%
Derivative hedge fees$564.0K+39.6%

Versus estimates

Revenue

Q2 2026$202.5MMiss by $292.2K
Q1 2026$193.3MBeat by $4.9M
Q4 2025$178.4MBeat by $5.1MQ3 2025$166.1MMiss by $6.3MQ2 2025$164.3MMiss by $8.5MQ1 2025$160.3MMiss by $10.6M

Diluted EPS

Q2 2026$0.74Miss by $0.28
Q1 2026$1.03Beat by $0.07
Q4 2025$0.98Beat by $0.02Q3 2025$0.99Beat by $0.03Q2 2025$0.98Beat by $0.04Q1 2025$0.94Beat by $0.03

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Questions, answered.

When did First Merchants Corporation report Q1 2026 earnings?
First Merchants Corporation (FRME) reported Q1 2026 earnings on April 22, 2026 after market close.
What were First Merchants Corporation's Q1 2026 revenue and EPS?
First Merchants Corporation reported revenue of $193.3M and eps of $1.03 for Q1 2026.
Did First Merchants Corporation beat estimates in Q1 2026?
Revenue beat the consensus estimate of $188.4M by $4.9M. EPS beat the consensus estimate of $0.96 by $0.07.
How did First Merchants Corporation's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 20.6% from $160.3M a year earlier and eps grew 9.6% from $0.94.
Where can I find First Merchants Corporation's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000712534-26-000032) and the 10-Q periodic report (0000712534-26-000035) directly on SEC EDGAR. The filing index links above go to sec.gov.