First Merchants Corporation

Financial Services · Banks - Regional

40.70$ +0.6% vs. previous close Closing price · As of: Sep 25, 2026

Statements

Income Statement

First Merchants Corporation (FRME) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (2025), "Revenue" came in at 1,050 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

Tick rows to compare them in a chart (up to 4)

Income Statement FRME
Line item	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	78	98	107	115	133	139	174	191	192	212	243	271	259	288	248	230	240	227	271	282	319	386	484	552	558	556	713	999	1,054	1,050
Cost of Revenue	34	43	47	49	63	60	61	62	57	74	105	126	118	199	102	61	42	23	24	25	32	47	76	112	125	36	102	352	463	410
Gross Profit	44	55	60	66	70	79	113	130	134	137	138	145	140	89	146	170	198	204	246	256	286	339	408	441	433	520	611	648	591	640
Research & Development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	–	–	–	–	–	–	–
Selling, General & Administrative	13	17	18	20	21	25	39	50	52	54	56	59	69	94	81	80	83	88	100	106	106	122	135	145	162	173	217	243	236	282
Total Operating Expenses	24	30	33	37	40	45	71	91	92	94	96	102	111	158	142	136	137	143	164	165	177	206	220	247	263	279	356	388	359	381
Operating Income	20	25	28	29	30	34	42	38	43	44	42	43	29	-69	3.3	34	61	60	82	91	109	134	188	194	170	241	256	259	232	259
Interest Expense	32	41	45	47	61	56	54	52	52	66	99	118	90	77	56	38	24	17	22	25	27	38	69	109	66	36	85	348	427	389
Pre-Tax Income	20	25	28	29	30	34	42	38	43	44	42	43	29	-69	3.3	34	61	60	82	91	109	134	188	194	170	241	256	259	232	259
Income Tax Expense	7.0	8.7	9.6	10	10.0	12	14	11	13	13	12	11	8.1	-28	-3.6	8.7	16	16	22	26	28	38	29	29	21	35	34	35	30	33
Net Income	13	17	18	19	20	22	28	28	29	30	30	32	21	-41	6.9	25	45	45	60	65	81	96	159	164	149	206	222	224	201	226
EBITDA	22	28	30	32	34	39	49	43	48	49	48	47	33	-63	9.0	39	65	65	88	97	116	142	197	203	181	251	267	271	259	289

Data as of: September 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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Income Statement

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