First Merchants Corporation (FRME) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Net Interest Income | 151.3M | 139.06M | 133.66M | 133.01M | 130.27M | 134.37M | 131.11M | 128.57M | 127.06M | 130.06M | 133.38M | 137.84M | 144.12M | 148.96M | 140.31M | 128.66M | 102.28M | 101.27M | 104.72M | 104.26M |
| NII Growth % | 16.15% | 3.49% | 1.95% | 3.46% | 2.52% | 3.31% | -1.7% | -6.72% | -11.83% | -12.68% | -4.93% | 7.13% | 40.91% | 47.08% | 33.99% | 23.4% | 1.84% | -1.01% | 12.69% | 12.09% |
| Net Interest Margin % | 0.72% | 0.73% | 0.71% | 0.72% | 0.71% | 0.73% | 0.71% | 0.7% | 0.69% | 0.71% | 0.74% | 0.77% | 0.79% | 0.83% | 0.79% | 0.72% | 0.66% | 0.66% | 0.7% | 0.7% |
| Interest Income | 248.57M | 237.44M | 235.09M | 229.74M | 222.52M | 234.64M | 241.08M | 236.38M | 235.9M | 236.99M | 229.13M | 221.37M | 206.4M | 190.98M | 163.34M | 141.15M | 109.54M | 109.99M | 113.55M | 113.28M |
| Interest Expense | 97.27M | 98.38M | 101.43M | 96.72M | 92.25M | 100.27M | 109.97M | 107.81M | 108.84M | 106.93M | 95.75M | 83.53M | 62.28M | 42.03M | 23.03M | 12.48M | 7.26M | 8.72M | 8.83M | 9.01M |
| Loan Loss Provision | 4.9M | 7.15M | 4.3M | 5.6M | 4.2M | 4.2M | 5M | 24.5M | 2M | 1.5M | 2M | 0 | 0 | 0 | 0 | 16.75M | 0 | 0 | 0 | 0 |
| Non-Interest Income | 4.73M | 32.33M | 32.48M | 31.29M | 30.05M | 22.76M | 24.87M | 31.33M | 26.64M | 26.44M | 27.84M | 26.32M | 25M | 24.15M | 29.62M | 28.28M | 25.9M | 25.85M | 28.5M | 30.88M |
| Non-Interest Income % | 1.87% | 11.98% | 12.14% | 11.99% | 11.9% | 8.84% | 9.35% | 11.7% | 10.15% | 10.04% | 10.83% | 10.63% | 10.8% | 11.23% | 15.35% | 16.69% | 19.12% | 19.03% | 20.06% | 21.42% |
| Total Revenue | 253.3M | 269.77M | 267.57M | 261.03M | 252.57M | 257.4M | 265.95M | 267.71M | 262.54M | 263.43M | 256.98M | 247.68M | 231.4M | 215.13M | 192.96M | 169.42M | 135.44M | 135.84M | 142.05M | 144.16M |
| Revenue Growth % | 0.29% | 4.81% | 0.61% | -2.5% | -3.8% | -2.29% | 3.49% | 8.09% | 13.46% | 22.45% | 33.18% | 46.19% | 70.85% | 58.37% | 35.84% | 17.53% | 1.14% | -3.46% | 7.3% | 6.21% |
| Non-Interest Expense | 124.05M | 98.75M | 96.56M | 93.6M | 92.9M | 76.31M | 94.63M | 91.41M | 96.94M | 108.1M | 93.85M | 92.59M | 93.72M | 89.7M | 96.38M | 97.31M | 72.33M | 72.44M | 71.38M | 69.3M |
| Efficiency Ratio | 48.97% | 36.6% | 36.09% | 35.86% | 36.78% | 29.64% | 35.58% | 34.15% | 36.92% | 41.04% | 36.52% | 37.38% | 40.5% | 41.69% | 49.95% | 57.44% | 53.4% | 53.32% | 50.25% | 48.07% |
| Operating Income | 27.09M | 65.5M | 65.28M | 65.12M | 63.22M | 76.62M | 56.35M | 43.99M | 54.77M | 46.9M | 65.37M | 71.56M | 75.4M | 83.41M | 73.55M | 42.87M | 55.85M | 54.68M | 61.83M | 65.85M |
| Operating Margin % | 10.69% | 24.28% | 24.4% | 24.95% | 25.03% | 29.77% | 21.19% | 16.43% | 20.86% | 17.8% | 25.44% | 28.89% | 32.58% | 38.77% | 38.12% | 25.3% | 41.24% | 40.26% | 43.53% | 45.68% |
| Operating Income Growth % | -57.15% | -14.52% | 15.86% | 48.02% | 15.43% | 63.36% | -13.8% | -38.53% | -27.36% | -43.76% | -11.11% | 66.93% | 34.99% | 52.53% | 18.94% | -34.9% | -4.4% | 3.62% | 47.81% | 75.07% |
| Pretax Income | 27.09M | 65.5M | 65.28M | 65.12M | 63.22M | 76.62M | 56.35M | 43.99M | 54.77M | 46.9M | 65.37M | 71.56M | 75.4M | 83.41M | 73.55M | 42.87M | 55.85M | 54.68M | 61.83M | 65.85M |
| Pretax Margin % | 10.69% | 24.28% | 24.4% | 24.95% | 25.03% | 29.77% | 21.19% | 16.43% | 20.86% | 17.8% | 25.44% | 28.89% | 32.58% | 38.77% | 38.12% | 25.3% | 41.24% | 40.26% | 43.53% | 45.68% |
| Income Tax | -1.07M | 8.43M | 8.52M | 8.29M | 7.88M | 12.27M | 7.16M | 4.07M | 6.83M | 4.42M | 9.01M | 10.7M | 11.32M | 12.65M | 9.79M | 3.88M | 7.27M | 6.95M | 9.06M | 10.29M |
| Effective Tax Rate % | -3.95% | 12.88% | 13.05% | 12.73% | 12.46% | 16.02% | 12.71% | 9.24% | 12.46% | 9.43% | 13.78% | 14.95% | 15.01% | 15.16% | 13.32% | 9.05% | 13.01% | 12.71% | 14.66% | 15.63% |
| Net Income | 28.16M | 57.06M | 56.77M | 56.83M | 55.34M | 64.35M | 49.19M | 39.92M | 47.94M | 42.48M | 56.37M | 60.86M | 64.08M | 70.76M | 63.75M | 38.99M | 48.59M | 47.73M | 52.77M | 55.56M |
| Net Margin % | 11.12% | 21.15% | 21.21% | 21.77% | 21.91% | 25% | 18.49% | 14.91% | 18.26% | 16.13% | 21.93% | 24.57% | 27.69% | 32.89% | 33.04% | 23.01% | 35.87% | 35.14% | 37.15% | 38.54% |
| Net Income Growth % | -49.12% | -11.32% | 15.41% | 42.35% | 15.43% | 51.48% | -12.74% | -34.4% | -25.18% | -39.97% | -11.59% | 56.09% | 31.89% | 48.24% | 20.81% | -29.82% | -1.79% | 5.76% | 45.73% | 68.4% |
| Net Income (Continuing) | 28.16M | 57.06M | 56.77M | 56.83M | 55.34M | 64.35M | 49.19M | 39.92M | 47.94M | 42.48M | 56.37M | 60.86M | 64.08M | 70.76M | 63.75M | 38.99M | 48.59M | 47.73M | 52.77M | 55.56M |
| EPS (Diluted) | 0.46 | 0.99 | 0.98 | 0.98 | 0.94 | 1.10 | 0.84 | 0.68 | 0.80 | 0.71 | 0.94 | 1.02 | 1.07 | 1.18 | 1.08 | 0.63 | 0.91 | 0.89 | 0.98 | 1.03 |
| EPS Growth % | -51.06% | -10% | 16.67% | 44.12% | 17.5% | 54.93% | -10.64% | -33.33% | -25.23% | -39.83% | -12.96% | 61.9% | 17.58% | 32.58% | 10.2% | -38.83% | 0% | 7.23% | 46.27% | 66.13% |
| EPS (Basic) | 0.46 | 0.99 | 0.98 | 0.98 | 0.95 | 1.10 | 0.84 | 0.68 | 0.80 | 0.71 | 0.95 | 1.02 | 1.07 | 1.19 | 1.08 | 0.64 | 0.91 | 0.89 | 0.98 | 1.03 |
| Diluted Shares Outstanding | 61.01M | 57.44M | 57.45M | 57.77M | 58.24M | 58.25M | 58.29M | 58.33M | 59.27M | 59.56M | 59.5M | 59.45M | 59.44M | 59.38M | 59.34M | 60.19M | 53.62M | 53.66M | 53.96M | 54.18M |