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First Merchants Corporation FRME Other real estate owned and foreclosure expenses

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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/S+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:OtherRealEstateOwnedAndForeclosureExpenses.

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 other real estate owned and foreclosure expenses?
First Merchants Corporation (FRME) reported other real estate owned and foreclosure expenses of $1.1M in Q1 2026.
How has First Merchants Corporation's other real estate owned and foreclosure expenses changed year-over-year?
First Merchants Corporation's other real estate owned and foreclosure expenses increased by 83.3% year-over-year, from $600K to $1.1M.
What is the long-term trend for First Merchants Corporation's other real estate owned and foreclosure expenses?
Over 3 years (2022 to 2025), First Merchants Corporation's other real estate owned and foreclosure expenses has grown at a 22.8% compound annual growth rate (CAGR), from $823K to $1.53M.
What does other real estate owned and foreclosure expenses mean?
This metric tracks the costs associated with managing, maintaining, and disposing of properties acquired through loan foreclosures. High levels of this expense indicate potential credit quality issues within the loan portfolio.