When did First Merchants Corporation report Q3 2024 earnings?

First Merchants Corporation (FRME) reported Q3 2024 earnings on October 24, 2024 before market open.

What were First Merchants Corporation's Q3 2024 revenue and EPS?

First Merchants Corporation reported revenue of $156.0M and eps of $0.84 for Q3 2024.

Did First Merchants Corporation beat estimates in Q3 2024?

Revenue missed the consensus estimate of $166.3M by $10.4M. EPS missed the consensus estimate of $0.90 by $0.06.

Where can I find First Merchants Corporation's Q3 2024 SEC filings?

You can read the 10-Q periodic report (0000712534-24-000341) directly on SEC EDGAR. The filing index links above go to sec.gov.

First Merchants Corporation FRME Q3 2024 earnings

Reported October 24, 2024 · Before market open

Revenue$156.0MMiss by $10.4M

EPS$0.84Miss by $0.06

Revenue estimate$166.3M

EPS estimate$0.90

Next report

Oct 28, 2026 (in 3 months)

Revenue estimate$204.0M

EPS estimate$1.03

Financials

Q3 2024

Income statement

See full

Revenue$156.0M-3.3%

Net income$49.2M-12.7%

EPS (diluted)$0.84-10.6%

Balance sheet

See full

Cash & equivalents$84.7M-32.3%

Total debt$1.1B+5.5%

Total equity$2.3B+10.0%

Total assets$18.3B+1.9%

Cash flow

See full

Operating cash flow$76.8M-4.3%

Valuation & ratios

Valuation

as of 09/30/24

See full

Market cap$2.18B+31.0%

Enterprise value$3.17B+23.9%

P/E12.1×+5.5×

P/S3.5×+1.0×

Profitability

See full

Net margin28.7%-9.1pp

Returns & leverage

See full

Return on equity8.2%-4.4pp

Debt / equity0.5×0.0×

Segments

By product

See full

Fiduciary and wealth management fees$8.5M+15.3%

Service charges on deposit accounts$8.4M+4.8%

Card payment fees$5.1M+8.6%

Derivative hedge fees$736.0K+42.6%

Other customer fees$344.0K-10.4%

Versus estimates

Revenue

Q2 2026$202.5MMiss by $292.2K Q1 2026$193.3MBeat by $4.9M Q4 2025$178.4MBeat by $5.1M Q3 2025$166.1MMiss by $6.3M Q2 2025$164.3MMiss by $8.5M Q1 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 $0.02 Q3 2025$0.99Beat by $0.03 Q2 2025$0.98Beat by $0.04 Q1 2025$0.94Beat by $0.03

Ask the moment First Merchants Corporation reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI

Claude

Questions, answered.

When did First Merchants Corporation report Q3 2024 earnings?: First Merchants Corporation (FRME) reported Q3 2024 earnings on October 24, 2024 before market open.
What were First Merchants Corporation's Q3 2024 revenue and EPS?: First Merchants Corporation reported revenue of $156.0M and eps of $0.84 for Q3 2024.
Did First Merchants Corporation beat estimates in Q3 2024?: Revenue missed the consensus estimate of $166.3M by $10.4M. EPS missed the consensus estimate of $0.90 by $0.06.
Where can I find First Merchants Corporation's Q3 2024 SEC filings?: You can read the 10-Q periodic report (0000712534-24-000341) directly on SEC EDGAR. The filing index links above go to sec.gov.