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First Merchants Corporation FRME Effective tax rates
Effective tax rates 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 us-gaap:EffectiveIncomeTaxRateContinuingOperations.
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 / Amount | Three Months Ended March 31, 2026 / % | Three Months Ended March 31, 2025 / Amount | Three Months Ended March 31, 2025 / % |
|---|---|---|---|---|
| State & Local taxes, net of Federal income tax effect | (472) | (1.7)% | 307 | 0.5% |
| Tax-exempt interest income | (4,813) | (17.8)% | (4,598) | (7.3)% |
| Non-deductible FDIC premiums | 183 | 0.7% | 129 | 0.2% |
| Tax-exempt earnings and gains on life insurance | (724) | (2.7)% | (458) | (0.7)% |
| Other non-taxable/non-deductible Items | 413 | 1.5% | 112 | 0.2% |
| Tax credits | (1,204) | (4.4)% | (903) | (1.4)% |
| Other | (140) | (0.5)% | 13 | — |
| Income Tax (Benefit) Expense & Effective Tax Rate | $(1,069) | (3.9)% | $7,877 | 12.5% |
ITEM 1. CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
FAQ
- What is First Merchants Corporation's effective tax rates?
- First Merchants Corporation (FRME) reported effective tax rates of -$0.04 in Q1 2026.
- How has First Merchants Corporation's effective tax rates changed year-over-year?
- First Merchants Corporation's effective tax rates decreased by 131.2% year-over-year, from $0.13 to -$0.04.
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