First Merchants Corporation (FRME) Quarterly Income Statement

120+ quarters historyFree accessUpdated daily

First Merchants Corporation (FRME) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

FRME Income Statement

First Merchants Corporation (FRME) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Net Interest Income	158.94M	151.3M	139.06M	133.66M	133.01M	130.27M	134.37M	131.11M	128.57M	127.06M	130.06M	133.38M	137.84M	144.12M	148.96M	140.31M	128.66M	102.28M	101.27M	104.72M
NII Growth %	19.49%	16.15%	3.49%	1.95%	3.46%	2.52%	3.31%	-1.7%	-6.72%	-11.83%	-12.68%	-4.93%	7.13%	40.91%	47.08%	33.99%	23.4%	1.84%	-1.01%	12.69%
Net Interest Margin %	0.74%	0.72%	0.73%	0.71%	0.72%	0.71%	0.73%	0.71%	0.7%	0.69%	0.71%	0.74%	0.77%	0.79%	0.83%	0.79%	0.72%	0.66%	0.66%	0.7%
Interest Income	260.84M	248.57M	237.44M	235.09M	229.74M	222.52M	234.64M	241.08M	236.38M	235.9M	236.99M	229.13M	221.37M	206.4M	190.98M	163.34M	141.15M	109.54M	109.99M	113.55M
Interest Expense	101.9M	97.27M	98.38M	101.43M	96.72M	92.25M	100.27M	109.97M	107.81M	108.84M	106.93M	95.75M	83.53M	62.28M	42.03M	23.03M	12.48M	7.26M	8.72M	8.83M
Loan Loss Provision	33M	4.9M	7.15M	4.3M	5.6M	4.2M	4.2M	5M	24.5M	2M	1.5M	2M	0	0	0	0	16.75M	0	0	0
Non-Interest Income	37.16M	4.73M	32.33M	32.48M	31.29M	30.05M	22.76M	24.87M	31.33M	26.64M	26.44M	27.84M	26.32M	25M	24.15M	29.62M	28.28M	25.9M	25.85M	28.5M
Non-Interest Income %	18.95%	3.03%	18.86%	19.55%	19.05%	18.74%	14.48%	15.94%	19.6%	17.33%	16.9%	17.27%	16.03%	14.78%	13.95%	17.43%	18.02%	20.2%	20.33%	21.39%
Total Net Revenue	196.1M	156.03M	171.4M	166.14M	164.31M	160.32M	157.13M	155.98M	159.91M	153.7M	156.51M	161.22M	164.15M	169.12M	173.11M	169.92M	156.94M	128.18M	127.12M	133.22M
Revenue Growth %	19.35%	-2.67%	9.08%	6.52%	2.75%	4.31%	0.4%	-3.26%	-2.59%	-9.12%	-9.59%	-5.12%	4.6%	31.94%	36.18%	27.55%	16.12%	2.94%	-2.06%	11.87%
Non-Interest Expense	114.66M	124.05M	98.75M	96.56M	93.6M	92.9M	76.31M	94.63M	91.41M	96.94M	108.1M	93.85M	92.59M	93.72M	89.7M	96.38M	97.31M	72.33M	72.44M	71.38M
Efficiency Ratio	58.47%	79.5%	57.61%	58.12%	56.97%	57.95%	48.56%	60.67%	57.17%	63.07%	69.07%	58.21%	56.41%	55.42%	51.82%	56.72%	62.01%	56.43%	56.98%	53.59%
Operating Income	48.45M	27.09M	65.5M	65.28M	65.12M	63.22M	76.62M	56.35M	43.99M	54.77M	46.9M	65.37M	71.56M	75.4M	83.41M	73.55M	42.87M	55.85M	54.68M	61.83M
Operating Margin %	24.7%	17.36%	38.21%	39.29%	39.63%	39.43%	48.76%	36.13%	27.51%	35.63%	29.97%	40.55%	43.59%	44.58%	48.18%	43.28%	27.32%	43.57%	43.02%	46.41%
Operating Income Growth %	-25.6%	-57.15%	-14.52%	15.86%	48.02%	15.43%	63.36%	-13.8%	-38.53%	-27.36%	-43.76%	-11.11%	66.93%	34.99%	52.53%	18.94%	-34.9%	-4.4%	3.62%	47.81%
Pretax Income	47.75M	27.09M	65.5M	65.28M	65.12M	63.22M	76.62M	56.35M	43.99M	54.77M	46.9M	65.37M	71.56M	75.4M	83.41M	73.55M	42.87M	55.85M	54.68M	61.83M
Pretax Margin %	24.35%	17.36%	38.21%	39.29%	39.63%	39.43%	48.76%	36.13%	27.51%	35.63%	29.97%	40.55%	43.59%	44.58%	48.18%	43.28%	27.32%	43.57%	43.02%	46.41%
Income Tax	3.77M	-1.07M	8.43M	8.52M	8.29M	7.88M	12.27M	7.16M	4.07M	6.83M	4.42M	9.01M	10.7M	11.32M	12.65M	9.79M	3.88M	7.27M	6.95M	9.06M
Effective Tax Rate %	7.9%	-3.95%	12.88%	13.05%	12.73%	12.46%	16.02%	12.71%	9.24%	12.46%	9.43%	13.78%	14.95%	15.01%	15.16%	13.32%	9.05%	13.01%	12.71%	14.66%
Net Income	43.98M	28.16M	57.06M	56.77M	56.83M	55.34M	64.35M	49.19M	39.92M	47.94M	42.48M	56.37M	60.86M	64.08M	70.76M	63.75M	38.99M	48.59M	47.73M	52.77M
Net Margin %	22.43%	18.05%	33.29%	34.17%	34.59%	34.52%	40.95%	31.53%	24.97%	31.19%	27.14%	34.96%	37.08%	37.89%	40.88%	37.52%	24.84%	37.91%	37.55%	39.61%
Net Income Growth %	-22.61%	-49.12%	-11.32%	15.41%	42.35%	15.43%	51.48%	-12.74%	-34.4%	-25.18%	-39.97%	-11.59%	56.09%	31.89%	48.24%	20.81%	-29.82%	-1.79%	5.76%	45.73%
Net Income (Continuing)	43.98M	28.16M	57.06M	56.77M	56.83M	55.34M	64.35M	49.19M	39.92M	47.94M	42.48M	56.37M	60.86M	64.08M	70.76M	63.75M	38.99M	48.59M	47.73M	52.77M
EPS (Diluted)	0.70	0.46	0.99	0.98	0.98	0.94	1.10	0.84	0.68	0.80	0.71	0.94	1.02	1.07	1.18	1.08	0.63	0.91	0.89	0.98
EPS Growth %	-28.57%	-51.06%	-10%	16.67%	44.12%	17.5%	54.93%	-10.64%	-33.33%	-25.23%	-39.83%	-12.96%	61.9%	17.58%	32.58%	10.2%	-38.83%	0%	7.23%	46.27%
EPS (Basic)	0.70	0.46	0.99	0.98	0.98	0.95	1.10	0.84	0.68	0.80	0.71	0.95	1.02	1.07	1.19	1.08	0.64	0.91	0.89	0.98
Diluted Shares Outstanding	62.57M	61.01M	57.44M	57.45M	57.77M	58.24M	58.25M	58.29M	58.33M	59.27M	59.56M	59.5M	59.45M	59.44M	59.38M	59.34M	60.19M	53.62M	53.66M	53.96M