FRMENasdaqNational Commercial BanksFiscal year ends December 31Also trades as FRMEP

FIRST MERCHANTS CORP

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026

$39.38−0.22 (-0.56%)

Close on Oct 19, 2026

Market cap: $2.46B
P/E (TTM): 12.6
Dividend yield: 3.63%

FIRST MERCHANTS CORP income statement

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	663	647	651	628	520	492	443	415	348	292	266	249	210	217	192	192	205
Interest Expense	–	–	348	85	36	66	109	69	38	27	25	22	17	24	38	56	77
Asset Impairment Charges	–	–	–	–	–	0	0	0	0	0	0	0	0	0	–	–	–
Gain (Loss) on Sale of Assets	0	20	0	0	–	–	–	–	–	–	–	–	–	–	–	–	–
Pretax Income	259	232	259	256	241	170	194	188	134	109	91	82	60	61	34	3.32	-69
Income Tax Expense	33	30	35	34	35	21	29	29	38	28	26	22	16	16	8.66	-3.59	-28
Net Income	226	201	224	222	206	149	164	159	96	81	65	60	45	45	25	6.91	-41
Preferred Dividends	1.88	1.88	1.88	1.41	0	0	–	–	–	–	–	–	–	–	–	–	–
Net Income to Common	224	200	222	221	206	149	164	159	96	81	65	60	42	41	9.01	12	-46
EPS (Basic)(per share)	3.90	3.42	3.74	3.83	3.82	2.75	3.20	3.23	2.13	1.99	1.73	1.66	1.42	1.42	0.34	0.48	-2.17
EPS (Diluted)(per share)	3.88	3.41	3.73	3.81	3.81	2.74	3.19	3.22	2.12	1.98	1.72	1.65	1.41	1.41	0.34	0.48	-2.17
Shares Outstanding (Basic, Weighted)(shares)	57	58	59	58	54	54	51	49	45	41	38	36	30	29	27	25	–
Shares Outstanding (Diluted, Weighted)(shares)	58	59	59	58	54	54	52	49	45	41	38	37	30	29	27	25	–
Dividend per Share(per share)	1.43	1.39	1.34	1.25	1.13	1.04	1.00	0.84	0.69	0.54	0.41	0.29	0.18	0.10	0.04	0.04	0.47
Total Interest Income	925	948	894	605	447	449	465	408	315	253	221	209	171	176	181	200	230
Net Interest Income	536	521	545	520	411	382	357	339	277	226	196	187	154	152	143	144	153
Non-Interest Income	127	126	106	108	109	110	87	76	71	65	70	62	56	64	49	49	51
Provision for Credit Losses	21	36	3.50	17	0	59	2.80	7.23	9.14	5.66	0.42	2.56	6.65	19	23	46	122
Non-Interest Expense	383	379	388	356	279	263	247	220	206	177	175	164	143	137	136	142	152

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: –
Net margin: 26.9%
Return on equity, FY2025: 9.5%

Financial strength

Current ratio: –
Debt to equity: –
Debt to assets: –
Cash to current liabilities: –

Valuation

P/E ratio: 12.6
Price to sales: 3.56
Price to book: 0.91
Dividend yield: 3.63%