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First Merchants Corporation FRME Tax exempt

Tax exempt at other companies

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Other financials

Income statement

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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

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Operating cash flow$58.6M-5.0%

Valuation

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Market cap$2.64B+3.7%
Enterprise value$4.19B+10.4%
P/E13.3×+1.1×
P/S4×+0.1×

Profitability

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Net margin30.1%-1.8pp

Returns & leverage

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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 frme:InterestAndFeeIncomeLoansAndLeasesTaxExempt.

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 exempt?
First Merchants Corporation (FRME) reported tax exempt of $11.59M in Q1 2026.
How has First Merchants Corporation's tax exempt changed year-over-year?
First Merchants Corporation's tax exempt increased by 10.0% year-over-year, from $10.53M to $11.59M.
What is the long-term trend for First Merchants Corporation's tax exempt?
Over 4 years (2021 to 2025), First Merchants Corporation's tax exempt has grown at a 18.4% compound annual growth rate (CAGR), from $22.11M to $43.42M.
What does tax exempt mean?
Represents interest income derived from municipal bonds or specific loan products that are exempt from federal income taxation. This metric is used to evaluate the tax-equivalent yield of the bank's investment and lending portfolio.