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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:DepreciationAndAmortization.

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
Net income$28,156$55,339
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses4,9004,200
Depreciation and amortization8,9957,840
Change in deferred taxes3,978(652)
Share-based compensation1,6831,595
Loans originated for sale(153,477)(95,744)
Proceeds from sales of loans held for sale163,38195,159

ITEM 1. CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

FAQ

What is First Merchants Corporation's D&A?
First Merchants Corporation (FRME) reported D&A of $9M in Q1 2026.
How has First Merchants Corporation's D&A changed year-over-year?
First Merchants Corporation's D&A increased by 14.7% year-over-year, from $7.84M to $9M.
What is the long-term trend for First Merchants Corporation's D&A?
Over 4 years (2021 to 2025), First Merchants Corporation's D&A has grown at a 28.8% compound annual growth rate (CAGR), from $10.7M to $29.42M.
What does D&A mean?
Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

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