What is First Merchants Corporation's revenue?

First Merchants Corporation (FRME) generated $659.8M in revenue over the trailing twelve months, up 1.0% year over year.

Is First Merchants Corporation profitable?

First Merchants Corporation reported $198.8M in net income over the trailing twelve months, a 30.1% net margin.

What is First Merchants Corporation's earnings per share?

First Merchants Corporation's diluted EPS over the trailing twelve months is $3.39.

Where does First Merchants Corporation's income statement data come from?

Every line is extracted from First Merchants Corporation's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

First Merchants Corporation FRME Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Net interest income	$151.3M+8.8%	$139.06M+4.0%	$133.67M+0.5%	$133.01M+2.1%	$130.27M-3.1%
Net interest income after provision for credit losses	$146.4M+11.0%	$131.91M+2.0%	$129.37M+1.5%	$127.41M+1.1%	$126.07M-3.1%
Total noninterest income	$5.83M-82.4%	$33.11M+1.9%	$32.48M+3.8%	$31.3M+4.2%	$30.05M-29.7%
Total interest income	$248.57M+4.7%	$237.44M+1.0%	$235.1M+2.3%	$229.74M+3.2%	$222.52M-5.2%
Total interest expense (banking)	$84.09M-5.2%	$88.67M-2.4%	$90.82M+7.8%	$84.24M+4.6%	$80.55M-10.3%
Selling and marketing	$1.6M-31.1%	$2.32M+9.6%	$2.12M+6.2%	$2M+47.6%	$1.35M-47.6%
Compensation and benefits	$69.44M+19.2%	$58.25M+1.6%	$57.32M+5.1%	$54.53M-0.8%	$54.98M-0.8%
Occupancy and equipment	$8.3M+14.0%	$7.28M+3.2%	$7.06M+3.1%	$6.85M-5.1%	$7.22M-1.6%
Professional fees	$14.59M+287%	$3.77M+1.5%	$3.72M-0.6%	$3.74M+14.7%	$3.26M-13.7%
Depreciation and amortization	$9M+500%	$1.5M-0.1%	$1.5M-0.4%	$1.51M-80.8%	$7.84M+343%
Provision for credit losses	$4.9M-31.5%	$7.15M+66.3%	$4.3M-23.2%	$5.6M+33.3%	$4.2M0.0%
Other operating expenses	$8.53M+17.0%	$7.29M+4.9%	$6.95M-2.0%	$7.1M+0.9%	$7.03M-11.9%
Total noninterest expense	$125.15M+25.7%	$99.52M+3.1%	$96.56M+3.2%	$93.6M+0.7%	$92.9M-3.5%
Interest expense	$97.27M-1.1%	$98.38M-3.0%	$101.43M+4.9%	$96.72M+4.8%	$92.25M-8.0%
Other income (expense), net	$5.29M—	——	——	——	$5.79M—
Gain (loss) on disposal of assets	——	$0—	$0—	$0—	$0-100%
Net investment gains (losses)	$0—	——	——	——	-$7K—
Income before income taxes	$27.09M-58.6%	$65.5M+0.3%	$65.28M+0.2%	$65.12M+3.0%	$63.22M-17.5%
Income tax expense	-$1.07M-113%	$8.43M-1.0%	$8.52M+2.8%	$8.29M+5.2%	$7.88M-35.8%
Net income	$28.16M-50.7%	$57.07M+0.5%	$56.77M-0.1%	$56.83M+2.7%	$55.34M-14.0%
Preferred stock dividends	$469K0.0%	$469K+0.2%	$468K-0.2%	$469K0.0%	$469K0.0%
Diluted earnings per share	$0.45-54.1%	$0.980.0%	$0.980.0%	$0.98+4.3%	$0.94-14.5%
Basic earnings per share	$0.46-53.5%	$0.99+1.0%	$0.980.0%	$0.98+3.2%	$0.95-13.6%
Weighted-average shares, diluted	61M+5.7%	57.7M+0.5%	57.4M-0.6%	57.8M-0.8%	58.2M-0.5%
Weighted-average shares, basic	60.7M—	——	——	——	58M—
Preferred Stock Dividends Per Share Cash Paid	$46.88—	——	——	——	$46.88—
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation	$1.21M—	——	——	——	$7K—
Pre-tax stock-based compensation cost	$1.68M—	——	——	——	$1.6M—
Share-Based Payment Arrangement, Expense, after Tax	$1.3M—	——	——	——	$1.27M—
Investment Program, Proportional Amortization Method, Applied, Amortization Expense	$5M—	——	——	——	$4.02M—
Amortization of capitalized software and acquired intangible assets	$2.3M+53.7%	$1.5M-0.1%	$1.5M-0.4%	$1.51M-1.4%	$1.53M-13.8%
Stock options excluded as their inclusion would be anti-dilutive (in shares)	77.7K—	——	——	——	47.5K—
Bank Owned Life Insurance Income	$3.45M+85.9%	$1.85M+11.2%	$1.67M-12.9%	$1.91M-12.2%	$2.18M-0.4%
Business Acquisition, Assets (Liabilities) Assumed During Period	$2.22B—	——	——	——	$0—
Cash Acquired (Paid) from Acquisition	$7K—	——	——	——	$0—
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	$13.93M—	——	——	——	-$1.5M—
Cash dividend per common share (in dollars per share)	$0.360.0%	$0.360.0%	$0.360.0%	$0.36+2.9%	$0.350.0%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$9.43M—	——	——	——	$53.71M—
Total net securities (losses)	$0—	$0—	$0+100%	-$1K+85.7%	-$7K+99.9%
Debt Securities, Available-for-Sale, Realized Loss	$0—	——	——	——	$7K—
Gain (loss) on available-for-sale debt securities	$0—	——	$0+100%	-$1K+85.7%	-$7K—
Deferred taxes	$3.98M-7.8%	$4.31M+5,098%	$83K+105%	-$1.53M-134%	-$652K—
Dividends, Common Stock, Cash	$22.82M—	——	——	——	$20.49M—
Effective tax rates	-$0.04—	——	——	——	$0.13—
Income taxes at U.S. statutory rate of 21%	21%—	——	——	——	21%—
Other	$0.02—	——	——	——	$0—
Non-deductible FDIC premiums	0.7%—	——	——	——	0.2%—
Non-deductible FDIC premiums	$183K—	——	——	——	$129K—
State income taxes – net of federal income tax benefit	-1.7%—	——	——	——	0.5%—
Effective Income Tax Rate Reconciliation, Tax Credit, Percent	4.4%—	——	——	——	1.4%—
Effective Income Tax Rate Reconciliation Tax Exempt Income	17.8%—	——	——	——	7.3%—
Effective Income Tax Rate Reconciliation, Tax Exempt Earnings And Gains On Life Insurance	$724K—	——	——	——	$458K—
Effective Income Tax Rate Reconciliation, Tax Exempt Earnings And Gains On Life Insurance, Percent	2.7%—	——	——	——	0.7%—
Share-Based Payment Arrangement, Expense, Tax Benefit	$387K—	——	——	——	$328K—
Equipment	$7.82M+1.8%	$7.68M+9.8%	$7M+1.0%	$6.93M-1.2%	$7.01M-0.3%
Fair Value Of Assets Acquired	$2.46B—	——	——	——	$0—
FDIC assessments	$3.89M+45.0%	$2.68M-23.9%	$3.53M-0.7%	$3.55M-2.6%	$3.65M-2.6%
Allowance for credit losses for acquired credit deteriorated receivables	$7.07M—	——	——	——	——
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	$10.3M—	——	——	——	——
Recoveries	$923K—	——	——	——	$1.26M—
Gross charge-offs	$11.18M+84.6%	$6.06M0.0%	$6.06M0.0%	$6.06M0.0%	$6.06M—
ACL, period increase (decrease)	$16.9M—	——	——	——	——
Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Loan Purchased	$15.21M—	——	——	——	——
Amortized Cost	$134.01M—	——	——	——	$69.2M—
Prior	$5.06M+732%	$608.5K0.0%	$608.5K0.0%	$608.5K0.0%	$608.5K—
Revolving Loans	$0—	$0—	$0—	$0—	$0—
Revolving Loans Converted to Term	$0—	$0—	$0—	$0—	$0—
Term loan by year, year 4	$399K-36.2%	$625.25K0.0%	$625.25K0.0%	$625.25K0.0%	$625.25K—
Term loan by year, year 1	$0-100%	$2.07M0.0%	$2.07M0.0%	$2.07M0.0%	$2.07M—
Term loan by year, year 2	$3.37M+444%	$619.5K0.0%	$619.5K0.0%	$619.5K0.0%	$619.5K—
Term loan by year, year 3	$378K-62.4%	$1.01M0.0%	$1.01M0.0%	$1.01M0.0%	$1.01M—
Term loan by year, year 5	$1.97M+75.1%	$1.13M0.0%	$1.13M0.0%	$1.13M0.0%	$1.13M—
Account balance, modified and subsequent default	$12M—	——	——	——	$9.5M—
Recognized interest income	$0—	——	——	——	$0—
Financing Receivable Purchased With Credit Deterioration Amount At Purchase Price	$14.87M—	——	——	——	——
Acquisition PCD reserves	$7.07M—	——	——	——	——
Credit deteriorated assets, par value	$21.94M—	——	——	——	——
Gain (Loss) On Insurance Benefits	$1.33M—	——	——	——	$639K—
Gain (Loss) on Loan, Mortgage, Transfered To Held-for-Sale	-$29.76M—	——	——	——	$0—
Gain on sale of business and assets	——	$0—	$0—	$0—	$0-100%
Gain Loss On Sale Of Mortgage Loans	-$29.76M—	——	——	——	$0—
Net gains/(losses) on sales of loans	$6.51M+20.1%	$5.42M+8.8%	$4.98M-14.8%	$5.85M+16.5%	$5.02M-11.6%
Gain (Loss) on Sales of Loans Held-for-sale	$4.77M—	——	——	——	$3.76M—
Goodwill Additions	$70.79M—	——	——	——	$0—
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$5.69M—	——	——	——	$13.28M—
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount	$413K—	——	——	——	$112K—
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	-$140K—	——	——	——	$13K—
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	-$472K—	——	——	——	$307K—
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount	$4.81M—	——	——	——	$4.6M—
Income Taxes Paid, Net	$3.26M+38.8%	$2.35M-56.0%	$5.34M-62.8%	$14.36M+1,208%	-$1.3M-206%
Increase Decrease In Accrued Interest Receivable Net	-$7.35M-272%	$4.27M+203%	-$4.16M-185%	$4.91M+241%	-$3.48M-1,291%
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable	-$17.36M—	——	——	——	$5M—
Increase Decrease In Interest Payable Net	-$5.28M—	$0-100%	$2.07M-28.0%	$2.87M+203%	-$2.8M-12.3%
Demand and savings deposits	-$293.18M—	——	——	——	$75.61M—
Increase (Decrease) in Time Deposits	-$206.19M—	——	$45.35M—	——	-$135.26M+64.0%
Data processing and equipment	$7.19M-4.2%	$7.51M+8.2%	$6.94M-2.3%	$7.11M+19.9%	$5.93M-1.7%
Interest and Dividend Income, Operating	$248.57M+4.7%	$237.44M+1.0%	$235.1M+2.3%	$229.74M+3.2%	$222.52M-5.2%
Tax exempt	$11.59M+6.3%	$10.91M-2.4%	$11.17M+3.4%	$10.81M+2.6%	$10.53M+16.8%
Taxable	$213.63M+5.2%	$203.12M+1.4%	$200.41M+2.7%	$195.17M+4.0%	$187.73M-5.0%
Interest Expense, Deposits	$84.09M-5.2%	$88.67M-2.4%	$90.82M+7.8%	$84.24M+4.6%	$80.55M-10.3%
Interest on federal funds purchased	$590K+171%	$218K-2.7%	$224K-76.8%	$965K+18.8%	$812K+3,023%
Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term	$11.05M+37.3%	$8.05M-6.8%	$8.64M-11.1%	$9.71M+3.7%	$9.36M+14.6%
U.S. Treasury securities sold, not yet purchased	$332K-18.0%	$405K-38.1%	$654K-1.4%	$663K-10.6%	$742K+9.1%
Interest Expense, Subordinated Notes and Debentures	$1.2M+15.7%	$1.04M-4.8%	$1.09M-4.0%	$1.14M+45.3%	$783K-49.8%
Interest Income, Deposits with Financial Institutions	$1.24M-43.1%	$2.19M+30.5%	$1.68M-11.4%	$1.89M-20.2%	$2.37M-55.7%
Interest Income (Expense), after Provision for Loan Loss	$146.4M+11.0%	$131.91M+2.0%	$129.37M+1.5%	$127.41M+1.1%	$126.07M-3.1%
Interest Income (Expense), Operating	$151.3M+8.8%	$139.06M+4.0%	$133.67M+0.5%	$133.01M+2.1%	$130.27M-3.1%
Federal Home Loan Bank stock	$1.97M+89.5%	$1.04M-5.0%	$1.09M+0.8%	$1.08M+8.6%	$997K+4.1%
Interest Paid, Excluding Capitalized Interest, Operating Activity	$96.61M-1.8%	$98.39M-1.0%	$99.36M+5.9%	$93.85M-1.3%	$95.05M-7.1%
Investment-related tax credit	$6.2M—	——	——	——	$4.92M—
Life Insurance Corporate Or Bank Owned Change In Value	$2.11M—	——	——	——	$1.54M—
Marketing	$1.6M-31.1%	$2.32M+9.6%	$2.12M+6.2%	$2M+47.6%	$1.35M-47.6%
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$412.74M-291%	$216.12M+247%	$62.28M-43.9%	$111.1M+14.3%	$97.22M—
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	$368.07M+222%	-$300.76M-110%	-$143.33M+15.3%	-$169.32M-5.5%	-$160.42M+36.2%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$58.59M-27.4%	$80.71M-7.8%	$87.56M+63.1%	$53.68M-13.0%	$61.7M-8.6%
Noninterest Expense	$125.15M+25.7%	$99.52M+3.1%	$96.56M+3.2%	$93.6M+0.7%	$92.9M-3.5%
Printing and office supplies	$377K-16.2%	$450K+44.7%	$311K+14.3%	$272K-21.6%	$347K-8.0%
Number of loan segments	12—	——	——	——	——
Number of reportable segments	1—	——	——	——	——
Other comprehensive income/(loss) before reclassifications	-$18.73M—	——	——	——	-$1.63M—
Unrealized gains (losses) on available-for-sale debt securities, tax	-$4.98M—	——	——	——	-$433K—
Other comprehensive income (loss)	-$18.73M—	——	——	——	-$1.63M—
Other comprehensive income/(loss)	-$18.73M—	——	——	——	-$1.63M—
Other Comprehensive Income Loss Reclassification Adjustment From AOCI For Sale Of Securities Before Tax	$0—	——	——	——	-$7K—
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax	-$23.7M—	——	——	——	-$2.07M—
Other Noncash Income (Expense)	$5.29M+175%	-$7.08M-8.9%	-$6.5M-435%	$1.94M-66.4%	$5.79M-66.8%
Other real estate owned and foreclosure expenses	$1.1M+41.9%	$775K+540%	$121K+317%	$29K-95.2%	$600K+164%
Payments for Affordable Housing Programs	$13.14M—	——	——	——	$12.21M—
Payment for Origination and Purchase, Loan, Held-for-Sale	$153.48M+7.9%	$142.31M+17.0%	$121.65M-14.0%	$141.51M+47.8%	$95.74M-75.8%
Payments for (Proceeds from) Loans Receivable	-$10.65M-104%	$284.33M+26.8%	$224.2M-29.3%	$317.05M+127%	$139.98M-34.3%
Payment for (Proceeds from) Other Investing Activity	$5.61M-35.0%	$8.63M+165%	$3.25M—	——	$4.02M—
Payments for Repurchase of Common Stock	$24.92M+139%	$10.41M+60.8%	$6.48M-70.7%	$22.1M+180%	$7.91M+27.2%
Payments of Ordinary Dividends, Common Stock	$22.82M+9.6%	$20.82M+0.1%	$20.8M0.0%	$20.8M+1.5%	$20.49M0.0%
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	$469K0.0%	$469K+0.2%	$468K-0.2%	$469K0.0%	$469K0.0%
Payments to Acquire Debt Securities, Available-for-Sale	$1.07M-88.3%	$9.13M+94.0%	$4.7M—	$0-100%	$5.91M+372%
Payment related to business acquisition	$7K—	——	——	——	$0—
Payments To Acquire Federal Home Loan Bank Stock	$0—	——	——	——	$3.32M—
Stock issued under employee benefit plans	$170K—	——	——	——	$173K—
Issuance of debt	$280.07M+459,026%	$61K-100.0%	$171.9M-24.1%	$226.36M-50.3%	$455.83M+422%
Proceeds from Life Insurance Policy	$4.27M—	$0-100%	$779K-31.4%	$1.14M-47.6%	$2.17M+14.4%
Proceeds from Maturities, Prepayments and Calls of Held-to-Maturity Securities	$33.22M+43.8%	$23.1M-12.8%	$26.5M+6.2%	$24.96M+0.9%	$24.73M+5.0%
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale	$10.76M-38.8%	$17.58M-1.8%	$17.91M-8.4%	$19.55M+85.6%	$10.54M-41.7%
Proceeds From Payments For In Interest Bearing Deposits In Banks	$75.02M—	——	——	——	-$32.64M—
Sale of investments	$251.34M—	$0—	——	——	$0-100%
Proceeds From Sale Of Federal Home Loan Bank Stock	$40K—	——	——	——	$0—
Proceeds From Sale Of Loans Held For Sale	$163.38M+9.3%	$149.51M+14.2%	$130.91M-6.7%	$140.3M+47.4%	$95.16M-76.8%
Proceeds from the sale of for-sale condominiums, net of selling costs	$728K—	——	——	——	$228K—
Cash received from option exercises	$465K+275%	$124K+33.3%	$93K-16.2%	$111K-11.9%	$126K—
Proceeds from issuance of common stock relating to employee stock plans	$578K-3.5%	$599K+0.3%	$597K+4.0%	$574K+1.4%	$566K-3.2%
Professional and outside services	$14.59M+287%	$3.77M+1.5%	$3.72M-0.6%	$3.74M+14.7%	$3.26M-13.7%
Total provisions for credit losses	$4.9M—	——	——	——	$4.2M—
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent	$0—	——	——	——	-$6K—
Repayments of Debt	$146.45M-17.7%	$177.98M+14.7%	$155.12M-62.0%	$408.33M+50.7%	$270.98M+2,566%
Stock-based compensation	$1.68M-30.4%	$2.42M+37.8%	$1.75M+11.9%	$1.57M-1.8%	$1.6M-2.0%
Exercised (in shares)	$23.86—	——	——	——	——
Share Repurchase Program, Excise Tax	$224K—	——	——	——	$74K—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period	19.5K—	——	——	——	——
Issuance of common stock under benefit plans	$170K—	——	——	——	$173K—
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	$1.68M—	——	——	——	$1.6M—
Stock Issued During Period, Value, Stock Options Exercised	$465K—	——	——	——	$126K—
Stock issued under dividend reinvestment and stock purchase plan	$578K—	——	——	——	$566K—
Value of shares repurchased	$24.92M—	——	——	——	$7.91M—
Non-cash investing activities using trade date accounting	$0—	——	——	——	$15.74M—
Add: dilutive effect of potential common shares (in shares)	$276.33K—	——	——	——	$273.18K—

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Questions, answered.

What is First Merchants Corporation's revenue?: First Merchants Corporation (FRME) generated $659.8M in revenue over the trailing twelve months, up 1.0% year over year.
Is First Merchants Corporation profitable?: First Merchants Corporation reported $198.8M in net income over the trailing twelve months, a 30.1% net margin.
What is First Merchants Corporation's earnings per share?: First Merchants Corporation's diluted EPS over the trailing twelve months is $3.39.
Where does First Merchants Corporation's income statement data come from?: Every line is extracted from First Merchants Corporation's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.