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First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
42.67
-0.51 (-1.18%)
Jul 27, 2026, 4:00 PM EDT - Market closed

First Merchants Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
671.95641.7610.99647.5611.39520.01
Revenue Growth
8.60%5.03%-5.64%5.91%17.57%19.99%
Net Income
184.09224.13199.53221.91220.68205.51
Earnings Per Share
3.123.883.413.733.813.81
EPS Growth
-19.17%13.78%-8.58%-2.10%0%39.05%

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Equivalents
616.1280.46386.51548.73248.66641.3
Total Debt
86.3557.6393.53158.64151.3118.62
Net Cash (Debt)
-86.35-57.63-93.53-158.64-151.3-118.62
Net Cash Growth
------
Net Cash Per Share
-1.45-1.00-1.60-2.67-2.61-2.20

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
280.54283.65266.21258.83284.29215.34
Free Cash Flow
280.54283.65266.21258.83284.29215.34
Free Cash Flow Growth
4.26%6.55%2.85%-8.95%32.02%5.65%

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Pretax Margin
30.60%40.38%37.93%40.04%41.82%46.29%
Profit Margin
27.68%35.22%32.96%34.56%36.33%39.52%
FCF Margin
0.00%44.20%43.57%39.97%46.50%41.41%

Dividends
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.4801.4301.3901.3401.2501.130
Dividend Per Share Growth
2.84%2.88%3.73%7.20%10.62%8.65%
Dividend Yield
3.47%3.85%3.51%3.64%3.07%2.72%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
13.859.6611.709.9410.7910.99
Forward PE
10.059.3511.2510.738.7611.69
P/FCF Ratio
-7.538.698.518.6110.49
PS Ratio
4.133.333.783.404.014.34