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First Merchants Corporation FRME Gain (Loss) On Insurance Benefits
Gain (Loss) On Insurance Benefits at other companies
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Where this comes from
Reported directly by First Merchants Corporation in its filing.
Tagged under the XBRL concept frme:GainLossOnInsuranceBenefits.
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 item | Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 |
|---|---|---|
| Loss on mortgage loans reclassified to held for sale | 29,755 | — |
| Net losses on sales of securities available for sale | — | 7 |
| Increase in cash surrender value of life insurance | (2,112) | (1,540) |
| Gains on life insurance benefits | (1,334) | (639) |
| Change in income tax receivable | (17,356) | 4,999 |
| Change in interest receivable | 7,350 | 3,477 |
| Change in interest payable | (5,275) | (2,798) |
| Other adjustments | (5,285) | (5,787) |
ITEM 1. CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
FAQ
- What is First Merchants Corporation's gain (loss) on insurance benefits?
- First Merchants Corporation (FRME) reported gain (loss) on insurance benefits of $1.33M in Q1 2026.
- How has First Merchants Corporation's gain (loss) on insurance benefits changed year-over-year?
- First Merchants Corporation's gain (loss) on insurance benefits increased by 108.8% year-over-year, from $639K to $1.33M.
- What is the long-term trend for First Merchants Corporation's gain (loss) on insurance benefits?
- Over 4 years (2021 to 2025), First Merchants Corporation's gain (loss) on insurance benefits has grown at a -15.9% compound annual growth rate (CAGR), from $2.19M to $1.09M.
- What does gain (loss) on insurance benefits mean?
- This represents the net gain or loss recognized when the bank receives insurance proceeds, typically from death benefits on bank-owned life insurance policies. It is a non-recurring item that impacts net income based on the timing of policy claims.
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