First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
40.30
-0.21 (-0.52%)
May 29, 2026, 4:00 PM EDT - Market closed
First Merchants Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Interest Income | 557.05 | 536.01 | 521.11 | 545.4 | 520.2 | 410.69 |
Net Interest Income Growth | 6.24% | 2.86% | -4.45% | 4.84% | 26.67% | 7.47% |
Non-Interest Income | 102.72 | 126.93 | 125.58 | 105.6 | 107.94 | 109.32 |
Non-Interest Income Growth | -20.37% | 1.08% | 18.92% | -2.17% | -1.26% | -0.55% |
Revenues Before Loan Losses | 659.76 | 662.95 | 646.69 | 651 | 628.14 | 520.01 |
Provision for Credit Losses | 21.95 | 21.25 | 35.7 | 3.5 | 16.76 | - |
| 637.81 | 641.7 | 610.99 | 647.5 | 611.39 | 520.01 | |
Revenue Growth (YoY) | 3.64% | 5.03% | -5.64% | 5.91% | 17.57% | 19.99% |
Compensation Expenses | 239.54 | 225.08 | 221.17 | 228.75 | 206.89 | 167 |
Selling, General & Admin | 97.11 | 93.68 | 91.18 | 88.12 | 81.13 | 68.02 |
Other Non-Interest Expenses | 78.17 | 63.83 | 66.92 | 71.41 | 67.69 | 44.28 |
Total Non-Interest Expense | 414.83 | 382.58 | 379.27 | 388.27 | 355.72 | 279.29 |
Pretax Income | 222.99 | 259.11 | 231.73 | 259.23 | 255.67 | 240.72 |
Provision for Income Taxes | 24.17 | 33.11 | 30.33 | 35.45 | 33.59 | 35.21 |
Net Income | 196.94 | 224.13 | 199.53 | 221.91 | 220.68 | 205.51 |
Net Income Attributable to Preferred Dividends | 1.88 | 1.88 | 1.88 | 1.88 | 1.41 | - |
Net Income to Common | 196.94 | 224.13 | 199.53 | 221.91 | 220.68 | 205.51 |
Net Income Growth | -4.82% | 12.33% | -10.09% | 0.56% | 7.38% | 38.30% |
Shares Outstanding (Basic) | 58 | 57 | 58 | 59 | 58 | 54 |
Shares Outstanding (Diluted) | 58 | 58 | 59 | 59 | 58 | 54 |
Shares Change (YoY) | 0.24% | -1.38% | -1.61% | 2.65% | 7.35% | -0.44% |
EPS (Basic) | 3.41 | 3.90 | 3.42 | 3.74 | 3.83 | 3.82 |
EPS (Diluted) | 3.40 | 3.88 | 3.41 | 3.73 | 3.81 | 3.81 |
EPS Growth | -4.49% | 13.78% | -8.58% | -2.10% | - | 39.05% |
Shares Outstanding | 62.51 | 56.95 | 57.97 | 59.42 | 59.56 | 53.92 |
Free Cash Flow | 280.54 | 283.65 | 266.21 | 258.83 | 284.29 | 215.34 |
Free Cash Flow Growth | -1.10% | 6.55% | 2.85% | -8.95% | 32.02% | 5.65% |
Free Cash Flow Per Share | 4.80 | 4.91 | 4.55 | 4.35 | 4.91 | 3.99 |
Dividends Per Share | 1.440 | 1.430 | 1.390 | 1.340 | 1.250 | 1.130 |
Dividend Growth | 0.70% | 2.88% | 3.73% | 7.20% | 10.62% | 8.65% |
Profit Margin | 31.17% | 35.22% | 32.96% | 34.56% | 36.33% | 39.52% |
FCF Margin | 43.98% | 44.20% | 43.57% | 39.97% | 46.50% | 41.41% |
EBITDA | 30.58 | 29.42 | 26.85 | 23.79 | 11.82 | 10.98 |
EBITDA Margin | 4.79% | 4.59% | 4.39% | 3.67% | 1.93% | 2.11% |
Effective Tax Rate | 10.84% | 12.78% | 13.09% | 13.67% | 13.14% | 14.63% |