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First Merchants Corporation FRME Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount 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:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate.
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 / % |
|---|---|---|---|---|
| Income Before Income Taxes | $27,087 | $63,216 | ||
| Federal statutory income tax at 21% | $5,688 | 21.0% | $13,275 | 21.0% |
| 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)% |
ITEM 1. CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
FAQ
- What is First Merchants Corporation's effective income tax rate reconciliation at federal statutory income tax rate, amount?
- First Merchants Corporation (FRME) reported effective income tax rate reconciliation at federal statutory income tax rate, amount of $5.69M in Q1 2026.
- How has First Merchants Corporation's effective income tax rate reconciliation at federal statutory income tax rate, amount changed year-over-year?
- First Merchants Corporation's effective income tax rate reconciliation at federal statutory income tax rate, amount decreased by 57.2% year-over-year, from $13.28M to $5.69M.
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