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First Merchants FRME

US equityMarket cap rank #2624
$39.77 −$0.38 (-0.95%)
Pre-market · Oct 6, 7:40 am ET · After hours $39.77 0.00%
Open$40.15
Prev close$40.15
Day range$39.67 – $40.25
Volume478.4K
Market cap$2.50B
P/E (TTM)12.8
Dividend yield3.65%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$196.10M+19.3% YoY
Net profit$43.98M-22.6% YoY
Diluted EPS$0.70-28.6% YoY

Revenue, last 8 quarters

$156.0MSep '24$157.1MDec '24$160.3MMar '25$164.3MJun '25$166.1MSep '25$172.2MDec '25$157.1MMar '26$196.1MJun '26

Net profit, last 8 quarters

$49.2MSep '24$64.3MDec '24$55.3MMar '25$56.8MJun '25$56.8MSep '25$57.1MDec '25$28.2MMar '26$44.0MJun '26

Diluted EPS by quarter

0.84Sep '241.10Dec '240.94Mar '250.98Jun '250.98Sep '250.99Dec '250.45Mar '260.70Jun '26

Annual revenue

$492.1MFY20$520.0MFY21$628.1MFY22$651.0MFY23$626.7MFY24$662.9MFY25

Profitability & balance sheet

Net margin22.4%
Liabilities / assets87.4%
Cash & investments$616.10M
Total debt$1.50B
Net cash (debt)-$884.31M

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Operating Revenue $196.10M $157.13M $662.95M $172.17M $166.14M
Net Interest Income $158.94M $151.30M $536.01M $139.06M $133.67M
-Interest Income $260.84M $248.57M $924.79M $237.44M $235.10M
-Interest Expense $101.90M $97.27M $388.78M $98.38M $101.43M
Non-Interest Income $37.16M $5.83M $126.93M $33.11M $32.48M
-Total Premiums Earned $2.33M $3.45M $7.61M $1.85M $1.67M
-Fees and Commissions $25.40M $24.67M $91.09M $23.52M $23.18M
-Other Non-Interest Income $577,000.00 $390,000.00 $3.58M $1.26M $1.55M
-Gain Loss on Sale of Assets $8.86M -$22.68M $24.65M $6.47M $6.08M
Credit Losses Provision -$33.00M -$4.90M -$21.25M -$7.15M -$4.30M
Non-Interest Expense $115.35M $125.15M $382.58M $99.52M $96.56M
Occupancy and Equipment $16.83M $16.12M $57.02M $14.96M $14.06M
Professional Expense and Contract Services Expense $4.98M $14.59M $14.49M $3.77M $3.72M
Selling and Admin Expenses $72.53M $74.94M $246.28M $63.26M $62.96M
-Selling & Marketing Expense $2.37M $1.60M $7.79M $2.32M $2.12M
-General & Admin Expense $70.16M $73.34M $238.49M $60.94M $60.84M
Depreciation & Amortization & Depletion $2.71M $2.30M $6.03M $1.50M $1.50M
-Depreciation & Amortization $2.71M $2.30M $6.03M $1.50M $1.50M
Other Non-Interest Expenses $18.30M $17.19M $58.76M $16.02M $14.33M
Pretax Profit $47.75M $27.09M $259.11M $65.50M $65.28M
Tax $3.77M -$1.07M $33.11M $8.43M $8.52M
Net Profit $43.98M $28.16M $226.00M $57.07M $56.77M
Profit from Continuing Operations $43.98M $28.16M $226.00M $57.07M $56.77M
Net Income to Parent Company $43.98M $28.16M $226.00M $57.07M $56.77M
Preferred Stock Dividends $469,000.00 $469,000.00 $1.88M $469,000.00 $468,000.00
Net Income to Common Stockholders $43.51M $27.69M $224.13M $56.60M $56.30M
Basic EPS $0.70 $0.46 $3.90 $0.99 $0.98
Diluted EPS $0.70 $0.45 $3.88 $0.99 $0.98
Dividend Per Share $0.37 $0.36 $1.43 $0.36 $0.36
Special Income (Charges) – – $0.00 – –
-Gain on Sale of Business – – $0.00 – –

Balance sheet

Line item 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2
Total Assets $21.35B $21.07B $19.03B $18.81B $18.59B
Cash, Cash Equivalents & Federal Funds Sold $616.10M $273.44M $280.46M $256.79M $304.91M
-Cash and Cash Equivalents $616.10M $273.44M $280.46M $256.79M $304.91M
Securities Investment $3.29B $3.31B $3.38B $3.38B $3.38B
-Available for Sale Securities $973.43M $961.96M $987.59M $963.57M $928.67M
-Held to Maturity Securities $1.91B $1.94B $1.96B $1.99B $2.02B
-Short Term Investments $410.97M $410.46M $426.52M $429.90M $434.34M
Net Loan $15.37B $15.45B $13.62B $13.42B $13.13B
-Gross Loan $15.61B $15.66B $13.81B $13.61B $13.33B
-Allowance for Loans and Lease Losses $241.62M $212.52M $195.60M $194.47M $195.32M
Receivables $101.93M $97.03M $93.37M $89.10M $93.26M
-Accounts Receivable $101.93M $97.03M $93.37M $89.10M $93.26M
Net PPE $148.16M $146.01M $121.06M $121.77M $122.81M
Goodwill and Other Intangible Assets $827.16M $824.47M $725.80M $727.30M $728.80M
-Goodwill $788.19M $782.79M $712.00M $712.00M $712.00M
-Other Intangible Assets $38.97M $41.68M $13.80M $15.30M $16.80M
Bank-Owned Life Insurance $373.24M $371.24M $308.44M $306.58M $305.70M
Foreclosed Assets $1.56M $1.26M $658,000.00 $1.27M $177,000.00
Federal Home Loan Bank Stock $70.82M $70.84M $47.25M $47.26M $47.29M
Deferred Assets $113.98M $116.81M $78.66M $89.76M $97.75M
Other Assets $436.74M $410.32M $374.57M $369.51M $380.91M
Total Liabilities $18.65B $18.40B $16.56B $16.40B $16.24B
Total Deposits $16.75B $16.49B $15.29B $14.87B $14.80B
Federal Funds Purchased and Securities Sold Under Agreement to Repurchase $103.34M $259.46M $143.76M $321.60M $199.76M
Payables $17.49M $18.89M $18.24M $18.24M $16.17M
-Accounts Payable $17.49M $18.89M $18.24M $18.24M $16.17M
Long Term Debt and Capital Lease Obligation $1.50B $1.39B $856.18M $856.26M $961.32M
-Long Term Debt $1.50B $1.39B $856.18M $856.26M $961.32M
Other Liabilities $276.97M $250.45M $245.41M $333.15M $270.00M
Total Equity $2.70B $2.67B $2.47B $2.41B $2.35B
Stockholders' Equity $2.70B $2.67B $2.47B $2.41B $2.35B
Capital Stock $32.90M $32.94M $32.24M $32.27M $32.28M
-Common Stock $7.78M $7.81M $7.12M $7.15M $7.16M
-Preferred Stock $25.13M $25.13M $25.13M $25.13M $25.13M
Additional Paid-In Capital $1.36B $1.37B $1.15B $1.16B $1.16B
Retained Earnings $1.44B $1.42B $1.41B $1.38B $1.34B
Gains/Losses Not Affecting Retained Earnings -$133.59M -$148.86M -$130.14M -$155.86M -$189.98M
-Gross PPE – – $347.49M – –
-Accumulated Depreciation – – -$226.44M – –

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