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Acquisitions at other companies

Fifth Third Bank logo
Fifth Third BankFITB
$740M
Huntington Bancshares logo
Huntington BancsharesHBAN
$1.68B
PNC Financial Services logo
PNC Financial ServicesPNC
$80M
HBT
HBT Financial, Inc.HBT
-$15.04M
First Community Corporation logo
First Community CorporationFCCO
-$35.93M

Other financials

Income statement

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Revenue$196.1M+19.3%
Net income$44.0M-22.6%
EPS (diluted)$0.70-28.6%

Balance sheet

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Cash & equivalents$98.1M+13.9%
Total debt$1.6B+22.5%
Total equity$2.7B+14.9%
Total assets$21.3B+14.8%

Cash flow

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Operating cash flow$58.6M-5.0%

Valuation

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Market cap$2.69B+24.3%
P/E14.5×+4.9×
P/S3.9×+0.6×

Profitability

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Net margin26.9%-7.4pp

Returns & leverage

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Return on equity7.4%-2.5pp
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 source filing: First Merchants Corporation’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 4:20 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000712534-26-000035
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Non-cash investing activities using trade date accounting15,743
ROU assets obtained in exchange for new operating lease liabilities11,214161
Reclassification of loans to held for sale356,956
In conjunction with the acquisitions, liabilities were assumed as follows:
Fair value of assets acquired$2,464,488
Cash paid in acquisition(7)
Less: Common stock issued243,214
Liabilities assumed$2,221,267

ITEM 1. CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

FAQ

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.

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