FIRST MERCHANTS CORPFRMEEarnings & Financial Report
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.
FRME Q1 FY2026 Key Financial Metrics
Revenue
$157.1M
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$28.2M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
17.9%
YoY Growth
N/A
EPS
$0.45
FIRST MERCHANTS CORP Q1 FY2026 Financial Summary
FIRST MERCHANTS CORP reported revenue of $157.1M for Q1 FY2026, with a net profit of $28.2M (down 49.1% YoY) (17.9% margin).
Key Financial Metrics
| Total Revenue | $157.1M |
|---|---|
| Net Profit | $28.2M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q1 FY2026 |
Revenue Breakdown
FIRST MERCHANTS CORP Q1 FY2026 revenue of $157.1M breaks down across 2 segments, led by Net Interest Income at $151.3M (96.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Net Interest Income | $151.3M | 96.3% |
| Noninterest Income | $5.8M | 3.7% |
FIRST MERCHANTS CORP Annual Revenue by Year
FIRST MERCHANTS CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $662.9M).
FIRST MERCHANTS CORP Quarterly Revenue & Net Profit History
FIRST MERCHANTS CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $157.1M | — | $28.2M | 17.9% |
| Q4 FY2025 | $172.2M | -2.8% | $57.1M | 33.1% |
| Q3 FY2025 | $166.1M | +6.5% | $56.8M | 34.2% |
| Q2 FY2025 | $164.3M | +2.8% | $56.8M | 34.6% |
| Q1 FY2025 | $160.3M | +4.3% | $55.3M | 34.5% |
| Q4 FY2024 | $177.1M | +13.2% | $64.3M | 36.3% |
| Q3 FY2024 | $156.0M | -3.3% | $49.2M | 31.5% |
| Q2 FY2024 | $159.9M | -2.6% | $39.9M | 25.0% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $159.9M | $156.0M | $177.1M | $160.3M | $164.3M | $166.1M | $172.2M | $157.1M |
| YoY Growth | -2.6% | -3.3% | 13.2% | 4.3% | 2.8% | 6.5% | -2.8% | N/A |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $18.30B | $18.35B | $18.31B | $18.44B | $18.59B | $18.81B | $19.03B | $21.07B |
| Liabilities | $16.09B | $16.05B | $16.01B | $16.11B | $16.24B | $16.40B | $16.56B | $18.40B |
| Equity | $2.21B | $2.30B | $2.30B | $2.33B | $2.35B | $2.41B | $2.47B | $2.67B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $63.0M | $76.8M | $266.2M | $61.7M | $53.7M | $87.6M | $283.6M |