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First Merchants Corp $FRME

Financials

Russell 2000 Indiana

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$40.83

+0.87 (+2.18%)

As of Oct 22, 2026, 9:33 PM EDT · cached

Price history

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First Merchants Corp (FRME) is trading up at $40.83 (+2.18%), as of the latest quote. It is a Russell 2000 constituent in the Financials sector.

First Merchants Corp revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

First Merchants Corp annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$291.7M	$348.3M	$415.3M	$443.3M	$492.1M	$520.0M	$628.1M	$651.0M	$646.7M	$662.9M
Growth (year over year)	+9.5%	+19.4%	+19.2%	+6.7%	+11.0%	+5.7%	+20.8%	+3.6%	−0.7%	+2.5%
Net income	$81.1M	$96.1M	$159.1M	$164.5M	$148.6M	$205.5M	$222.1M	$223.8M	$201.4M	$226.0M
Net margin	27.8%	27.6%	38.3%	37.1%	30.2%	39.5%	35.4%	34.4%	31.1%	34.1%
EPS (diluted)	$1.98	$2.12	$3.22	$3.19	$2.74	$3.81	$3.81	$3.73	$3.41	$3.88
Balance sheet
Cash and equivalents	$127.9M	$154.9M	$139.2M	$177.2M	$192.9M	$167.1M	$122.6M	$112.6M	$87.6M	$84.2M
Total assets	$7.21B	$9.37B	$9.88B	$12.5B	$14.1B	$15.5B	$18.0B	$18.4B	$18.3B	$19.0B
Total liabilities	$6.31B	$8.06B	$8.48B	$10.7B	$12.2B	$13.5B	$16.0B	$16.2B	$16.0B	$16.6B
Shareholders' equity	$901.7M	$1.30B	$1.41B	$1.79B	$1.88B	$1.91B	$2.03B	$2.25B	$2.30B	$2.47B
Cash flow
Operating cash flow	$103.7M	$126.5M	$180.2M	$176.7M	$203.8M	$215.3M	$284.3M	$258.8M	$266.2M	$283.6M
Dividends paid	$22.2M	$31.8M	$41.7M	$51.3M	$56.5M	$61.2M	$72.7M	$80.1M	$81.6M	$82.9M
Share buybacks	$1.98M	$0	$0	$19.0M	$55.9M	$25.4M	$0	$0	$56.2M	$46.9M

RevenueNet incomeNet margin (right axis, %)

First Merchants Corp quarterly financial statements
	Q2 FY24^†Jun 2024	Q3 FY24^†Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25^†Mar 2025	Q2 FY25^†Jun 2025	Q3 FY25^†Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26^†Mar 2026
Income statement
Revenue	$159.9M	$156.0M	$177.1M	$160.3M	$164.3M	$166.1M	$172.2M	$157.1M
Growth (year over year)	−2.6%	−3.3%	+13.2%	+4.3%	+2.8%	+6.5%	−2.8%	−2.0%
Net income	$39.9M	$49.2M	$64.3M	$55.3M	$56.8M	$56.8M	$57.1M	$28.2M
Net margin	25.0%	31.5%	36.3%	34.5%	34.6%	34.2%	33.1%	17.9%
EPS (diluted)	$0.68	$0.84	$1.09	$0.94	$0.98	$0.98	$0.98	$0.45
Balance sheet
Cash and equivalents	$105.4M	$84.7M	$87.6M	$86.1M	$81.6M	$88.1M	$84.2M	$98.1M
Total assets	$18.3B	$18.3B	$18.3B	$18.4B	$18.6B	$18.8B	$19.0B	$21.1B
Total liabilities	$16.1B	$16.0B	$16.0B	$16.1B	$16.2B	$16.4B	$16.6B	$18.4B
Shareholders' equity	$2.21B	$2.30B	$2.30B	$2.33B	$2.35B	$2.41B	$2.47B	$2.67B
Cash flow
Operating cash flow	$63.0M	$76.8M	$67.5M	$61.7M	$53.7M	$87.6M	$80.7M	$58.6M
Dividends paid	$20.5M	$20.5M	$20.5M	$20.5M	$20.8M	$20.8M	$20.8M	$22.8M
Share buybacks	$20.0M	$0	$6.21M	$7.91M	$22.1M	$6.48M	$10.4M	$24.9M

From First Merchants Corp's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →