First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
40.48
+0.17 (0.42%)
Apr 28, 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 | 2020 - 2016 |
|---|---|---|---|---|---|---|---|
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 | 2020 - 2016 |
| Interest Income on Loans | 856.8 | 829.84 | 837.91 | 779.79 | 495.59 | 360.12 | Upgrade
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| Interest Income on Investments | 94.05 | 94.95 | 110.09 | 114.1 | 109.41 | 86.51 | Upgrade
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| Total Interest Income | 950.84 | 924.79 | 948.01 | 893.89 | 605.01 | 446.63 | Upgrade
|
| Interest Paid on Deposits | 347.83 | 344.28 | 386.13 | 306.09 | 62.94 | 23.32 | Upgrade
|
| Interest Paid on Borrowings | 45.97 | 44.5 | 40.77 | 42.39 | 21.86 | 12.63 | Upgrade
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| Total Interest Expense | 393.8 | 388.78 | 426.89 | 348.49 | 84.8 | 35.95 | Upgrade
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| Net Interest Income | 557.05 | 536.01 | 521.11 | 545.4 | 520.2 | 410.68 | Upgrade
|
| Net Interest Income Growth (YoY) | 6.24% | 2.86% | -4.45% | 4.84% | 26.67% | 7.47% | Upgrade
|
| Trust Income | 36.62 | 35.49 | 34.22 | 30.84 | 29.69 | 28.36 | Upgrade
|
| Gain (Loss) on Sale of Assets | - | - | 19.98 | - | - | - | Upgrade
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| Gain (Loss) on Sale of Investments | -0 | -0.01 | -20.76 | -6.93 | 1.19 | 5.67 | Upgrade
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| Other Non-Interest Income | 37.86 | 35.91 | 38.69 | 35.2 | 38.63 | 32.03 | Upgrade
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| Total Non-Interest Income | 102.72 | 126.93 | 125.58 | 105.6 | 107.94 | 109.32 | Upgrade
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| Non-Interest Income Growth (YoY) | -20.37% | 1.08% | 18.92% | -2.17% | -1.26% | -0.55% | Upgrade
|
| Revenues Before Loan Losses | 659.76 | 662.95 | 646.69 | 651 | 628.14 | 520 | Upgrade
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| Provision for Loan Losses | 21.95 | 21.25 | 35.7 | 3.5 | 16.76 | - | Upgrade
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| Revenue | 637.81 | 641.7 | 610.99 | 647.5 | 611.39 | 520 | Upgrade
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| Revenue Growth (YoY) | 3.64% | 5.03% | -5.64% | 5.91% | 17.57% | 19.99% | Upgrade
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| Salaries and Employee Benefits | 232.21 | 217.75 | 215.35 | 223.59 | 202.24 | 162.23 | Upgrade
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| Occupancy Expenses | 29.49 | 28.4 | 28.39 | 29.86 | 26.21 | 23.33 | Upgrade
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| Federal Deposit Insurance | 13.66 | 13.41 | 15.03 | 14.67 | 10.24 | 6.24 | Upgrade
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| Amortization of Goodwill & Intangibles | 6.8 | 6.03 | 7.27 | 8.74 | 8.28 | 5.75 | Upgrade
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| Selling, General & Administrative | 100.78 | 87.1 | 83.2 | 79.59 | 81.22 | 61.37 | Upgrade
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| Other Non-Interest Expense | 29.86 | 28.37 | 27.96 | 28.5 | 26.71 | 19.3 | Upgrade
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| Total Non-Interest Expense | 414.83 | 382.58 | 379.27 | 388.27 | 355.72 | 279.21 | Upgrade
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| EBT Excluding Unusual Items | 222.99 | 259.11 | 231.73 | 259.23 | 255.67 | 240.79 | Upgrade
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| Pretax Income | 222.99 | 259.11 | 231.73 | 259.23 | 255.67 | 240.79 | Upgrade
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| Income Tax Expense | 24.17 | 33.11 | 30.33 | 35.45 | 33.59 | 35.26 | Upgrade
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| Net Income | 198.82 | 226 | 201.4 | 223.79 | 222.09 | 205.53 | Upgrade
|
| Preferred Dividends & Other Adjustments | 1.88 | 1.88 | 1.88 | 1.88 | 1.41 | - | Upgrade
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| Net Income to Common | 196.94 | 224.13 | 199.53 | 221.91 | 220.68 | 205.53 | Upgrade
|
| Net Income Growth | -4.78% | 12.21% | -10.00% | 0.76% | 8.06% | 38.31% | Upgrade
|
| Basic Shares Outstanding | 58 | 57 | 58 | 59 | 58 | 54 | Upgrade
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| Diluted Shares Outstanding | 58 | 58 | 59 | 59 | 58 | 54 | Upgrade
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| Shares Change (YoY) | 0.24% | -1.38% | -1.61% | 2.65% | 7.35% | -0.44% | Upgrade
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| EPS (Basic) | 3.39 | 3.90 | 3.42 | 3.74 | 3.83 | 3.82 | Upgrade
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| EPS (Diluted) | 3.37 | 3.88 | 3.41 | 3.73 | 3.81 | 3.81 | Upgrade
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| EPS Growth | -5.18% | 13.78% | -8.58% | -2.10% | - | 39.05% | Upgrade
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| Dividend Per Share | 1.440 | 1.430 | 1.390 | 1.340 | 1.250 | 1.130 | Upgrade
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| Dividend Growth | 2.86% | 2.88% | 3.73% | 7.20% | 10.62% | 8.65% | Upgrade
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| Effective Tax Rate | 10.84% | 12.78% | 13.09% | 13.67% | 13.14% | 14.64% | Upgrade
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Source: S&P Capital IQ. Banks template. Financial Sources.