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FIRST MERCHANTS CORP

FIRST MERCHANTS CORPFRMEEarnings & Financial Report

Nasdaq

First Merchants Corporation is a financial holding company in Central Indiana, headquartered in Muncie, Indiana. The Corporation includes First Merchants Bank and First Merchants Private Wealth Advisors. The company is listed on the NASDAQ as FRME. As of March 2023, total asset size of First Merchants Corporation was $18.2 billion. First Merchants offers commercial banking, personal banking, and investment advisor services.

NextMar 13, 2026

FRME Q3 2025 Key Financial Metrics

Revenue

$133.7M

Gross Profit

N/A

Operating Profit

$65.3M

Net Profit

$56.8M

Gross Margin

N/A

Operating Margin

48.8%

Net Margin

42.5%

YoY Growth

1.9%

EPS

$0.98

Financial Flow

FIRST MERCHANTS CORP Q3 2025 Financial Summary

FIRST MERCHANTS CORP reported revenue of $133.7M for Q3 2025, with a net profit of $56.8M (42.5% margin). Cost of goods sold was N/A, operating expenses totaled N/A.

Key Financial Metrics

Total Revenue$133.7M
Net Profit$56.8M
Gross MarginN/A
Operating Margin48.8%
Report PeriodQ3 2025

FIRST MERCHANTS CORP Annual Revenue by Year

FIRST MERCHANTS CORP annual revenue history includes year-by-year totals (for example, 2024 revenue was $521.1M).

YearAnnual Revenue
2024$521.1M
2023$545.4M
2022$520.2M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$130.1M$127.1M$128.6M$131.1M$134.4M$130.3M$133.0M$133.7M
YoY Growth-12.7%-11.8%-6.7%-1.7%3.3%2.5%3.5%1.9%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$18.41B$18.32B$18.30B$18.35B$18.31B$18.44B$18.59B$18.81B
Liabilities$16.16B$16.09B$16.09B$16.05B$16.01B$16.11B$16.24B$16.40B
Equity$2.25B$2.22B$2.21B$2.30B$2.30B$2.33B$2.35B$2.41B

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$86.1M$58.8M$63.0M$76.8M$67.5M$61.7M$53.7M$87.6M