First Merchants Corp (FRMEP) income statement

FRMEPNasdaqNational Commercial BanksFiscal year ends December 31Also trades as FRME

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 11/303% below fair value

$25.17+0.00 (0.00%)

Close on Oct 30, 2026Market cap $1.58BP/E 7.8Yield 5.68%

First Merchants Corp income statement

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

Line item	TTM Q3 2026 2026-09-30	TTM Q2 2026 2026-06-30	TTM Q1 2026 2026-03-31	TTM FY 2025 2025-12-31	TTM Q3 2025 2025-09-30	TTM Q2 2025 2025-06-30	TTM Q1 2025 2025-03-31	TTM FY 2024 2024-12-31	TTM Q3 2024 2024-09-30	TTM Q2 2024 2024-06-30	TTM Q1 2024 2024-03-31	TTM FY 2023 2023-12-31	TTM Q3 2023 2023-09-30	TTM Q2 2023 2023-06-30	TTM Q1 2023 2023-03-31	TTM FY 2022 2022-12-31	TTM Q3 2022 2022-09-30	TTM Q2 2022 2022-06-30	TTM Q1 2022 2022-03-31	TTM FY 2021 2021-12-31	TTM Q3 2021 2021-09-30	TTM Q2 2021 2021-06-30	TTM Q1 2021 2021-03-31	TTM FY 2020 2020-12-31	TTM Q3 2020 2020-09-30	TTM Q2 2020 2020-06-30	TTM Q1 2020 2020-03-31	TTM FY 2019 2019-12-31	TTM Q3 2019 2019-09-30	TTM Q2 2019 2019-06-30	TTM Q1 2019 2019-03-31	TTM FY 2018 2018-12-31	TTM Q3 2018 2018-09-30	TTM Q2 2018 2018-06-30	TTM Q1 2018 2018-03-31	TTM FY 2017 2017-12-31	TTM Q3 2017 2017-09-30	TTM Q2 2017 2017-06-30	TTM Q1 2017 2017-03-31	TTM FY 2016 2016-12-31
Revenue	724	692	660	663	668	658	653	647	626	631	636	651	668	676	669	628	582	545	524	520	523	509	493	492	484	476	463	443	429	424	419	415	406	393	372	348	325	306	297	292
Interest Expense	–	–	–	–	–	–	–	–	–	–	395	348	284	211	140	85	51	37	34	36	38	43	50	66	84	100	111	109	101	90	79	69	60	52	44	38	33	29	27	27
Pretax Income	220	206	223	259	270	261	240	232	202	211	239	259	296	304	275	256	227	215	238	241	239	219	191	170	173	175	186	194	185	192	191	188	180	163	147	134	124	120	116	109
Income Tax Expense	22	20	24	33	37	36	31	30	22	24	31	35	44	44	38	34	28	27	34	35	36	33	27	21	22	23	26	29	27	29	29	29	38	38	37	38	30	30	29	28
Net Income	198	186	199	226	233	226	209	201	180	187	208	224	252	259	238	222	206	195	211	206	203	186	164	149	151	152	160	164	158	163	161	159	142	125	110	96	94	91	87	81
Preferred Dividends	1.88	1.88	1.88	1.88	1.88	1.88	1.88	1.88	1.88	1.88	1.88	1.88	1.87	1.88	1.88	1.41	0.94	0.47	0	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Net Income to Common	196	184	197	224	231	224	207	200	178	185	206	222	250	258	236	221	198	188	205	206	203	186	164	149	151	152	160	164	158	163	161	159	142	125	110	96	94	91	87	81
EPS (Basic)(per share)	3.24	3.13	3.41	3.90	4.01	3.87	3.57	3.42	3.03	3.14	3.48	3.74	4.23	4.36	3.98	3.83	3.52	3.42	3.81	3.82	3.76	3.45	3.04	2.75	2.79	2.83	3.04	3.20	3.18	3.30	3.27	3.23	2.87	2.54	2.31	2.13	2.19	2.20	2.13	1.99
EPS (Diluted)(per share)	3.23	3.12	3.40	3.88	4.00	3.86	3.56	3.41	3.03	3.13	3.47	3.73	4.21	4.35	3.96	3.81	3.51	3.41	3.81	3.81	3.75	3.44	3.03	2.74	2.78	2.82	3.03	3.19	3.17	3.29	3.26	3.22	2.86	2.53	2.30	2.12	2.18	2.19	2.11	1.98
Shares Outstanding (Basic, Weighted)(shares)	61	59	58	57	58	58	58	58	59	59	59	59	59	59	59	58	56	55	54	54	54	54	54	54	54	54	53	51	50	49	49	49	49	49	47	45	43	41	41	41
Shares Outstanding (Diluted, Weighted)(shares)	61	60	58	58	58	58	58	59	59	59	59	59	59	59	59	58	56	55	54	54	54	54	54	54	55	54	53	52	50	50	49	49	49	49	47	45	43	41	41	41
Dividend per Share(per share)	1.46	1.45	1.44	1.43	1.42	1.41	1.40	1.39	1.38	1.37	1.36	1.34	1.32	1.30	1.28	1.25	1.22	1.19	1.16	1.13	1.10	1.07	1.04	1.04	1.04	1.04	1.04	1.00	0.96	0.92	0.88	0.84	0.80	0.76	0.72	0.69	0.66	0.62	0.58	0.54
Total Interest Income	1,011	982	951	925	922	928	935	948	950	938	923	894	848	782	702	605	524	474	446	447	450	443	439	449	461	473	476	465	448	435	423	408	390	370	340	315	290	269	260	253
Net Interest Income	610	583	557	536	531	529	524	521	517	519	528	545	564	571	562	520	473	437	413	411	412	400	389	382	377	373	366	357	347	345	344	339	330	318	296	277	257	240	233	226
Non-Interest Income	114	109	103	127	137	129	129	126	109	112	107	106	103	105	107	108	110	109	111	109	111	109	104	110	107	103	98	87	82	79	76	76	76	75	76	71	68	66	64	65
Provision for Credit Losses	48	49	22	21	18	19	38	36	33	30	5.50	3.50	2.00	0	17	17	17	17	0	0	4.48	17	39	59	55	43	21	2.80	3.96	4.76	5.93	7.23	7.36	8.05	9.26	9.14	9.76	9.58	7.49	5.66
Non-Interest Expense	456	437	415	383	379	377	375	379	391	390	391	388	370	372	377	356	338	313	285	279	279	273	263	263	256	259	256	247	239	227	223	220	219	222	216	206	191	176	174	177

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 Sep 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: –
Net margin: 27.3%
Return on equity, FY2025: 9.5%

Financial strength

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

Valuation

P/E ratio: 7.8
Price to sales: 2.18
Price to book: 0.60
Dividend yield: 5.68%