FRMENasdaqNational Commercial BanksFiscal year ends December 31Also trades as FRMEP

FIRST MERCHANTS CORP

Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 31, 2026

$39.38−0.22 (-0.56%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2011 to 2025

34.1%+3.9 pts over 5 years

Compound annual growth to fiscal 2025

Per year	1 year	3 years	5 years	10 years
Revenue	+2.5%	+1.8%	+6.1%	+9.6%
Net income	+12.2%	+0.6%	+8.7%	+13.2%
EPS, diluted	+13.8%	+0.6%	+7.2%	+8.5%
Dividend per share	+2.9%	+4.6%	+6.6%	+13.3%

Measure	FY2016	FY2020	FY2025
Return on equity	9.3%	8.1%	9.5%
Return on assets	1.2%	1.1%	1.2%
Diluted shares	41M	54M	58M

Return on equity split into margin, efficiency and leverage

Net margin34.1%

Asset turnover0.04×

Equity multiplier7.82×

Return on equity, FY20259.5%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	34.1%	0.04×	7.82×	9.5%
FY2024	31.1%	0.04×	8.07×	8.8%
FY2023	34.4%	0.04×	8.50×	10.5%
FY2022	35.4%	0.04×	8.48×	11.3%
FY2021	39.5%	0.04×	7.79×	10.9%
FY2020	30.2%	0.04×	7.24×	8.1%
FY2019	37.1%	0.04×	6.99×	10.3%
FY2018	38.3%	0.04×	7.10×	11.7%
FY2017	27.6%	0.04×	7.52×	8.7%
FY2016	27.8%	0.04×	7.97×	9.3%

Parsed from the XBRL in First Merchants's annual and quarterly filings with the SEC
Per-share figures adjusted for the 3-for-2 split on Oct 26, 1998
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing