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First Merchants Corp (FRMEP) stock

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 profit margin

Profit margin (net margin) is net income as a percentage of revenue.

First Merchants's profit margin for the twelve months ending Sep 30, 2026 was 27.3%. For fiscal 2025 it was 34.1%, against 31.1% the year before. The highest annual figure on record is 39.5% in fiscal 2021.

Annual profit margin

PeriodPeriod endValueChange (pts)
FY2025Dec 31, 202534.1%+2.9
FY2024Dec 31, 202431.1%−3.2
FY2023Dec 31, 202334.4%−1.0
FY2022Dec 31, 202235.4%−4.2
FY2021Dec 31, 202139.5%+9.3
FY2020Dec 31, 202030.2%−6.9
FY2019Dec 31, 201937.1%−1.2
FY2018Dec 31, 201838.3%+10.7
FY2017Dec 31, 201727.6%−0.2
FY2016Dec 31, 201627.8%+3.2
FY2015Dec 31, 201524.6%+0.4
FY2014Dec 31, 201424.2%+3.0
FY2013Dec 31, 201321.2%+0.3
FY2012Dec 31, 201220.8%+7.7
FY2011Dec 31, 201113.1%+9.5
FY2010Dec 31, 20103.6%+23.5
FY2009Dec 31, 2009-19.9%–

Quarterly profit margin

Change is against the same quarter a year earlier.

PeriodPeriod endValueChange (pts)
Q3 FY2026Sep 30, 202634.3%+0.2
Q2 FY2026Jun 30, 202622.4%−12.2
Q1 FY2026Mar 31, 202617.9%−16.6
Q4 FY2025Dec 31, 202533.1%−3.2
Q3 FY2025Sep 30, 202534.2%+2.6
Q2 FY2025Jun 30, 202534.6%+9.6
Q1 FY2025Mar 31, 202534.5%+3.3
Q4 FY2024Dec 31, 202436.3%+9.2
Q3 FY2024Sep 30, 202431.5%−3.4
Q2 FY2024Jun 30, 202425.0%−12.1
Q1 FY2024Mar 31, 202431.2%−6.7
Q4 FY2023Dec 31, 202327.1%−13.7
Q3 FY2023Sep 30, 202335.0%−2.6
Q2 FY2023Jun 30, 202337.1%+12.2
Q1 FY2023Mar 31, 202337.9%−0.0
Q4 FY2022Dec 31, 202240.9%−1.8
Q3 FY2022Sep 30, 202237.5%−2.1
Q2 FY2022Jun 30, 202224.8%−16.3
Q1 FY2022Mar 31, 202237.9%−1.8
Q4 FY2021Dec 31, 202142.6%+7.9
Q3 FY2021Sep 30, 202139.6%+9.2
Q2 FY2021Jun 30, 202141.1%+13.5
Q1 FY2021Mar 31, 202139.7%+12.0
Q4 FY2020Dec 31, 202034.8%−4.5
Q3 FY2020Sep 30, 202030.4%−2.7
Q2 FY2020Jun 30, 202027.6%−10.8
Q1 FY2020Mar 31, 202027.7%−9.8
Q4 FY2019Dec 31, 201939.3%+0.3
Q3 FY2019Sep 30, 201933.1%−5.7
Q2 FY2019Jun 30, 201938.4%−0.2
Q1 FY2019Mar 31, 201937.5%+0.6
Q4 FY2018Dec 31, 201839.0%+14.0
Q3 FY2018Sep 30, 201838.8%+12.6
Q2 FY2018Jun 30, 201838.6%+9.0
Q1 FY2018Mar 31, 201836.9%+6.3
Q4 FY2017Dec 31, 201724.9%−5.0
Q3 FY2017Sep 30, 201726.2%–
Q2 FY2017Jun 30, 201729.6%–
Q1 FY2017Mar 31, 201730.6%–
Q4 FY2016Dec 31, 201629.9%–

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