FRME - NASDAQ
First Merchants Corporation
$38.90
-1.6%First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
At a Glance
Live SnapshotFirst Merchants Corporation Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Healthy operating margins demonstrate effective cost control and strong business fundamentals.
Net Profit Margin
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.
First Merchants Corporation Income Statement
FRME • NASDAQ
| First Merchants Corporation Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
1.1B | 1.1B | 999.5M | 712.9M | 556M | 558.4M | 552.1M | 484.4M | 385.9M | 318.5M | 281.6M | 270.7M | 226.9M | 240.3M | 230.4M | 248.1M | 288.4M | 258.5M | 271.3M | 243.2M | |
GROSS PROFIT | ||||||||||||||||||||
(410M) | (462.6M) | (352M) | (101.6M) | (36M) | (125.1M) | (111.5M) | (76.3M) | (46.8M) | (32.5M) | (25.2M) | (24.4M) | (23.2M) | (42.1M) | (60.5M) | (102.5M) | (199.3M) | (118.3M) | (126.1M) | (104.8M) | |
640.2M | 591M | 647.5M | 611.4M | 520M | 433.4M | 440.5M | 408.1M | 339.2M | 286M | 256.3M | 246.3M | 203.6M | 198.1M | 169.8M | 145.6M | 89.1M | 140.2M | 145.2M | 138.5M | |
OPERATING INCOME | ||||||||||||||||||||
(381.1M) | (359.3M) | (388.3M) | (355.7M) | (279.2M) | (263.4M) | (246.8M) | (220M) | (205.6M) | (177.4M) | (165.3M) | (164M) | (143.2M) | (137.1M) | (135.9M) | (142.3M) | (158.3M) | (111.5M) | (102.2M) | (96.1M) | |
(282.1M) | (243.6M) | (250.8M) | (224.8M) | (179M) | (168.4M) | (151.4M) | (139.3M) | (126.1M) | (108.6M) | (109.1M) | (103.7M) | (90.5M) | (85.1M) | (82.3M) | (83.3M) | (96.5M) | (71.5M) | (61M) | (58.1M) | |
259.1M | 231.7M | 259.2M | 255.7M | 240.8M | 170M | 193.8M | 188.1M | 133.6M | 108.7M | 91M | 82.3M | 60.4M | 61M | 33.9M | 3.3M | -69.2M | 28.7M | 43M | 42.4M | |
PRE-TAX INCOME | ||||||||||||||||||||
(388.8M) | (426.9M) | (348.5M) | (84.8M) | (36M) | (66.4M) | (108.7M) | (69.1M) | (37.6M) | (26.8M) | (24.8M) | (21.8M) | (16.6M) | (23.6M) | (37.9M) | (56M) | (77.1M) | (90.1M) | (117.6M) | (98.5M) | |
536M | 521.1M | 545.4M | 520.2M | 410.7M | 382.1M | 356.7M | 338.9M | 277.3M | 226.5M | 196.4M | 187M | 154.3M | 152.3M | 143.4M | 143.6M | 153.3M | 129.4M | 113.1M | 110.1M | |
(99M) | (115.7M) | (137.4M) | (130.9M) | (100.2M) | (95.1M) | (95.4M) | (80.6M) | (79.4M) | (68.8M) | (56.2M) | (60.3M) | (52.7M) | (52.1M) | (53.7M) | (59M) | (61.8M) | (40M) | (41.1M) | (38M) | |
259.1M | 231.7M | 259.2M | 255.7M | 240.8M | 170M | 193.8M | 188.1M | 133.6M | 108.7M | 91M | 82.3M | 60.4M | 61M | 33.9M | 3.3M | -69.2M | 28.7M | 43M | 42.4M | |
NET INCOME | ||||||||||||||||||||
(33.1M) | (30.3M) | (35.4M) | (33.6M) | (35.3M) | (21.4M) | (29.3M) | (29M) | (37.5M) | (27.6M) | (25.7M) | (22.1M) | (15.9M) | (15.9M) | (8.7M) | -3.6M | -28.4M | (8.1M) | (11.3M) | (12.2M) | |
226M | 201.4M | 223.8M | 222.1M | 205.5M | 148.6M | 164.5M | 159.1M | 96.1M | 81.1M | 65.4M | 60.2M | 44.5M | 45.1M | 25.3M | 6.9M | -40.8M | 20.6M | 31.6M | 30.2M |
SEC Filings
FRME - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 20, 2026 | May 19, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 19, 2026 | May 19, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 19, 2026 | May 19, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 01, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 22, 2026 | April 22, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 16, 2026 | April 16, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 03, 2026 | May 19, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 25, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 10, 2026 | February 10, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 09, 2026 | February 09, 2026 | 2026 |
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Snapshot
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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