First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
40.68
-0.15 (-0.37%)
At close: Oct 23, 2026, 4:00 PM EDT
40.85
+0.17 (0.41%)
After-hours: Oct 23, 2026, 7:30 PM EDT
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 | Sep '26 Sep 30, 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 |
Interest Income on Loans | 919.05 | 829.84 | 837.91 | 779.79 | 495.59 | 360.12 |
Interest Income on Investments | 91.75 | 94.95 | 110.09 | 114.1 | 109.41 | 86.51 |
Total Interest Income | 1,011 | 924.79 | 948.01 | 893.89 | 605.01 | 446.63 |
Interest Paid on Deposits | 350.33 | 344.28 | 386.13 | 306.09 | 62.94 | 23.32 |
Interest Paid on Borrowings | 50.09 | 44.5 | 40.77 | 42.39 | 21.86 | 12.63 |
Total Interest Expense | 400.42 | 388.78 | 426.89 | 348.49 | 84.8 | 35.95 |
Net Interest Income | 610.38 | 536.01 | 521.11 | 545.4 | 520.2 | 410.68 |
Net Interest Income Growth | 14.88% | 2.86% | -4.45% | 4.84% | 26.67% | 7.47% |
Trust Income | 38.37 | 35.49 | 34.22 | 30.84 | 29.69 | 28.36 |
Gain (Loss) on Sale of Assets | - | - | 19.98 | - | - | - |
Gain (Loss) on Sale of Investments | - | -0.01 | -20.76 | -6.93 | 1.19 | 5.67 |
Other Non-Interest Income | 41.49 | 35.91 | 38.69 | 35.2 | 38.63 | 32.03 |
Total Non-Interest Income | 114.1 | 126.93 | 125.58 | 105.6 | 107.94 | 109.32 |
Non-Interest Income Growth | -16.46% | 1.08% | 18.92% | -2.17% | -1.26% | -0.55% |
Revenues Before Loan Losses | 724.47 | 662.95 | 646.69 | 651 | 628.14 | 520 |
Provision for Loan Losses | 48.35 | 21.25 | 35.7 | 3.5 | 16.76 | - |
| 676.12 | 641.7 | 610.99 | 647.5 | 611.39 | 520 | |
Revenue Growth | 4.08% | 5.03% | -5.64% | 5.91% | 17.57% | 19.99% |
Salaries and Employee Benefits | 252.48 | 217.75 | 215.35 | 223.59 | 202.24 | 162.23 |
Occupancy Expenses | 32.62 | 28.4 | 28.39 | 29.86 | 26.21 | 23.33 |
Federal Deposit Insurance | 15.35 | 13.41 | 15.03 | 14.67 | 10.24 | 6.24 |
Amortization of Goodwill & Intangibles | 9.16 | 6.03 | 7.27 | 8.74 | 8.28 | 5.75 |
Selling, General & Administrative | 109.86 | 87.1 | 83.2 | 79.59 | 81.22 | 61.37 |
Other Non-Interest Expense | 32.29 | 28.37 | 27.96 | 28.5 | 26.71 | 19.3 |
Total Non-Interest Expense | 456.27 | 382.58 | 379.27 | 388.27 | 355.72 | 279.21 |
EBT Excluding Unusual Items | 219.85 | 259.11 | 231.73 | 259.23 | 255.67 | 240.79 |
Pretax Income | 219.85 | 259.11 | 231.73 | 259.23 | 255.67 | 240.79 |
Income Tax Expense | 22.34 | 33.11 | 30.33 | 35.45 | 33.59 | 35.26 |
Net Income | 197.52 | 226 | 201.4 | 223.79 | 222.09 | 205.53 |
Preferred Dividends & Other Adjustments | 1.88 | 1.88 | 1.88 | 1.88 | 1.41 | - |
Net Income to Common | 195.64 | 224.13 | 199.53 | 221.91 | 220.68 | 205.53 |
Net Income Growth | -15.46% | 12.33% | -10.09% | 0.56% | 7.37% | 38.31% |
Basic Shares Outstanding | 61 | 57 | 58 | 59 | 58 | 54 |
Diluted Shares Outstanding | 61 | 58 | 59 | 59 | 58 | 54 |
Shares Change | 5.08% | -1.38% | -1.61% | 2.65% | 7.35% | -0.44% |
EPS (Basic) | 3.23 | 3.90 | 3.42 | 3.74 | 3.83 | 3.82 |
EPS (Diluted) | 3.21 | 3.88 | 3.41 | 3.73 | 3.81 | 3.81 |
EPS Growth | -19.87% | 13.78% | -8.58% | -2.10% | 0% | 39.05% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Dividend Per Share | 1.460 | 1.430 | 1.390 | 1.340 | 1.250 | 1.130 |
Dividend Growth | 2.82% | 2.88% | 3.73% | 7.20% | 10.62% | 8.65% |
Effective Tax Rate | 10.16% | 12.78% | 13.09% | 13.67% | 13.14% | 14.64% |