What is First Merchants Corporation's acquisitions?

First Merchants Corporation (FRME) reported acquisitions of $2.46B in Q1 2026.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

First Merchants Corporation FRME Acquisitions

Acquisitions at other companies

Huntington BancsharesHBAN

$1.68B—

Community Financial SystemCBU

$12.86M+5,215%

First Financial BancorpFFBC

-$12.72M—

Bank First CorporationBFC

$169.49M—

Fifth Third BankFITB

——

PNC Financial ServicesPNC

——

Other financials

Income statement

See full

Revenue$157.1M-2.0%

Net income$28.2M-49.1%

EPS (diluted)$0.45-52.1%

Balance sheet

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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

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Market cap$2.64B+3.7%

Enterprise value$4.19B+10.4%

P/E13.3×+1.1×

P/S4×+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×

Where this comes from

Reported directly by First Merchants Corporation in its filing.

Tagged under the XBRL concept us-gaap:FairValueOfAssetsAcquired.

The official record: First Merchants Corporation’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Merchants Corporation's acquisitions?: First Merchants Corporation (FRME) reported acquisitions of $2.46B in Q1 2026.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.