First Merchants (FRMEP) Financials: History & Chart

First Merchants Corporation(FRMEP)

Banks - Regional · Muncie, IN

$25.31+0.04 (+0.16%)

Delayed quote: Oct 6, 2026, 4:00 PM EDT

About First Merchants Corporation

First Merchants Corporation functions as the parent company for First Merchants Bank, which delivers a comprehensive suite of community banking services. Through its banking operations, the corporation accepts various forms of deposits, including checking, savings, and time accounts. It also provides a diverse range of lending options, such as consumer, commercial, agri-business, and real estate mortgage loans, alongside public finance solutions. Additionally, First Merchants offers specialized financial services including personal and corporate trust management, brokerage services, and private wealth management. Corporate clients can also utilize facilities like letters of credit, repurchase agreements, and other tailored business services. The company maintains a substantial physical presence with 109 banking locations spread across counties in Indiana, Illinois, Ohio, and Michigan. Moreover, it ensures convenient access to its services through modern electronic and mobile banking platforms. First Merchants Corporation traces its origins back to 1893 and is presently headquartered in Muncie, Indiana.

Muncie, IN

2,086 employees

www.firstmerchants.com

Financial Services / Banks - Regional

Sector: Financial Services
Industry: Banks - Regional
CEO: Mark K. Hardwick

View full financials

Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	1.09B	298.00M	253.30M	269.77M	267.57M	261.03M	252.57M	257.40M	265.95M
Cost of Goods Sold	448.32M	134.90M	102.17M	105.53M	105.73M	102.32M	96.45M	104.47M	114.97M
Gross Profit	640.32M	163.10M	151.13M	164.25M	161.84M	158.72M	156.12M	152.93M	150.98M
Gross Profit Margin	58.8%	54.7%	59.7%	60.9%	60.5%	60.8%	61.8%	59.4%	56.8%
Total Operating Expenses	434.01M	114.66M	124.05M	98.75M	96.56M	93.60M	92.90M	76.31M	94.63M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	315.06M	93.32M	85.56M	73.22M	62.96M	60.08M	59.98M	61.76M	60.78M
Operating Income (EBIT)	206.31M	48.45M	27.09M	65.50M	65.28M	65.12M	63.22M	76.62M	56.35M
Operating Margin	19.0%	16.3%	10.7%	24.3%	24.4%	24.9%	25.0%	29.8%	21.2%
Income Before Tax (EBT)	205.62M	47.75M	27.09M	65.50M	65.28M	65.12M	63.22M	76.62M	56.35M
Interest Income	981.95M	260.84M	248.57M	237.44M	235.09M	229.74M	222.52M	234.64M	241.08M
Interest Expense	398.97M	101.90M	97.27M	98.38M	101.43M	96.72M	92.25M	100.27M	109.97M
Other Income/Expense	-696K	-696K	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	185.97M	43.98M	28.16M	57.06M	56.77M	56.83M	55.34M	64.35M	49.19M
Income Tax Expense	19.65M	3.77M	-1.07M	8.43M	8.52M	8.29M	7.88M	12.27M	7.16M
Net Profit Margin	17.1%	14.8%	11.1%	21.2%	21.2%	21.8%	21.9%	25.0%	18.5%
EBITDA	238.28M	57.71M	36.08M	71.20M	73.29M	72.99M	71.06M	92.87M	60.27M
EBITDA Margin	21.9%	19.4%	14.2%	26.4%	27.4%	28.0%	28.1%	36.1%	22.7%
Depreciation & Amortization	31.97M	9.26M	8.99M	5.71M	8.01M	7.87M	7.84M	16.25M	3.92M
EPS Basic	3.13	0.70	0.46	0.99	0.98	0.98	0.95	1.10	0.84
EPS Diluted	3.13	0.70	0.46	0.99	0.98	0.98	0.94	1.10	0.84
Weighted Average Basic Shares	62.57M	62.57M	61.01M	57.44M	57.45M	57.50M	57.97M	58.07M	58.07M
Weighted Average Diluted Shares	62.57M	62.57M	61.01M	57.44M	57.45M	57.77M	58.24M	58.25M	58.29M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	1.05B	1.05B	999.49M	712.95M	555.96M	558.43M	552.09M	484.40M
Cost of Goods Sold	410.03M	462.59M	351.99M	101.56M	35.95M	125.05M	111.55M	76.31M
Gross Profit	640.17M	591.01M	647.50M	611.39M	520.00M	433.38M	440.55M	408.09M
Gross Profit Margin	61.0%	56.1%	64.8%	85.8%	93.5%	77.6%	79.8%	84.2%
Total Operating Expenses	381.06M	359.28M	388.27M	355.71M	279.21M	263.40M	246.76M	219.95M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	282.10M	243.59M	250.85M	224.84M	179.00M	168.35M	151.40M	139.31M
Operating Income (EBIT)	259.11M	231.73M	259.23M	255.67M	240.79M	169.97M	193.78M	188.14M
Operating Margin	24.7%	22.0%	25.9%	35.9%	43.3%	30.4%	35.1%	38.8%
Income Before Tax (EBT)	259.11M	231.73M	259.23M	255.67M	240.79M	169.97M	193.78M	188.14M
Interest Income	924.79M	948.01M	893.89M	605.01M	446.63M	448.51M	465.40M	407.94M
Interest Expense	388.78M	426.89M	348.49M	84.80M	35.95M	66.38M	108.75M	69.09M
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	226.00M	201.40M	223.79M	222.09M	205.53M	148.60M	164.46M	159.14M
Income Tax Expense	33.11M	30.33M	35.45M	33.59M	35.26M	21.38M	29.32M	29.00M
Net Profit Margin	21.5%	19.1%	22.4%	31.2%	37.0%	26.6%	29.8%	32.9%
EBITDA	288.54M	258.58M	270.94M	267.49M	251.49M	180.98M	203.17M	196.98M
EBITDA Margin	27.5%	24.5%	27.1%	37.5%	45.2%	32.4%	36.8%	40.7%
Depreciation & Amortization	29.42M	26.85M	11.71M	11.81M	10.70M	11.01M	9.38M	8.84M
EPS Basic	3.90	3.42	3.74	3.83	3.82	2.75	3.20	3.23
EPS Diluted	3.88	3.41	3.73	3.81	3.81	2.74	3.19	3.22
Weighted Average Basic Shares	57.73M	58.31M	59.30M	57.69M	53.78M	54.06M	51.41M	49.27M
Weighted Average Diluted Shares	57.73M	58.53M	59.49M	57.95M	53.98M	54.22M	51.56M	49.47M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.