What is First Merchants Corporation's tax benefit?

First Merchants Corporation (FRME) reported tax benefit of $387K in Q1 2026.

How has First Merchants Corporation's tax benefit changed year-over-year?

First Merchants Corporation's tax benefit increased by 18.0% year-over-year, from $328K to $387K.

First Merchants Corporation FRME Tax benefit

Tax benefit at other companies

ePlusPLUS

$708K-1.0%

The BancorpTBBK

$1.03M+28.1%

Morgan StanleyMS

$103.25M+20.4%

BeldenBDC

$1.79M+9.0%

PhotronicsPLAB

$780K+92.1%

SyscoSYY

$3.75M-11.8%

Other financials

Income statement

See full

Revenue$157.1M-2.0%

Net income$28.2M-49.1%

EPS (diluted)$0.45-52.1%

Balance sheet

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Cash & equivalents$98.1M+13.9%

Total debt$1.6B+22.5%

Total equity$2.7B+14.6%

Total assets$21.1B+14.3%

Cash flow

See full

Operating cash flow$58.6M-5.0%

Valuation

See full

Market cap$2.64B+3.7%

Enterprise value$4.19B+10.4%

P/E13.3×+1.1×

P/S4×+0.1×

Profitability

See full

Net margin30.1%-1.8pp

Returns & leverage

See full

Return on equity7.9%-1.2pp

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:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense.

The official record: First Merchants Corporation’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Merchants Corporation's tax benefit?: First Merchants Corporation (FRME) reported tax benefit of $387K in Q1 2026.
How has First Merchants Corporation's tax benefit changed year-over-year?: First Merchants Corporation's tax benefit increased by 18.0% year-over-year, from $328K to $387K.