First Merchants Quarterly Income Statement
NASDAQ: FRMEFinanceMajor BanksUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
First Merchants revenue and earnings
In the quarter ended Mar 31, 2026, First Merchants generated $157.1 million in revenue, down 2.0% from the same quarter a year earlier. Net income was $28.2 million (-49.1% year over year), for a net margin of 17.9% versus a median of 34.5% in the prior 5 quarters. Diluted earnings per share came in at $0.45, down from $0.94.
Summary generated from market data by MetaCap's automated system. Methodology
First Merchants income statement (quarterly)
| Quarter (USD) | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 157.13M | 172.17M | 166.14M | 164.32M | 160.32M | 177.11M | 155.98M | 159.91M | 153.70M | 156.51M | 161.22M | 164.15M |
| Revenue growth (YoY) | -1.99% | -2.79% | +6.52% | +2.76% | +4.31% | +13.17% | -3.26% | -2.59% | -9.12% | -9.59% | -5.12% | +4.60% |
| Operating Expenses | 125.14M | 99.52M | 96.56M | 93.60M | 92.90M | 96.29M | 94.63M | 91.41M | 96.94M | 108.10M | 93.85M | 92.59M |
| 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 |
| Pretax Income | 27.09M | 65.50M | 65.28M | 65.12M | 63.22M | 76.62M | 56.35M | 43.99M | 54.77M | 46.90M | 65.37M | 71.56M |
| Income Tax | -1.07M | 8.43M | 8.52M | 8.29M | 7.88M | 12.27M | 7.16M | 4.07M | 6.83M | 4.42M | 9.01M | 10.70M |
| 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 |
| Net Income growth (YoY) | -49.12% | -11.32% | +15.41% | +42.35% | +15.43% | +51.48% | -12.74% | -34.40% | -25.18% | -39.97% | -11.59% | +56.09% |
| EPS (Basic) | 0.46 | 0.99 | 0.98 | 0.98 | 0.95 | 1.10 | 0.84 | 0.68 | 0.80 | 0.70 | 0.95 | 1.02 |
| EPS (Diluted) | 0.45 | 0.98 | 0.98 | 0.98 | 0.94 | 1.09 | 0.84 | 0.68 | 0.80 | 0.70 | 0.94 | 1.02 |
| Shares Outstanding (Basic) | 60.73M | — | 57.19M | 57.50M | 57.97M | — | 58.07M | 58.10M | 59.07M | — | 59.34M | 59.26M |
| Shares Outstanding (Diluted) | 61.01M | — | 57.45M | 57.77M | 58.24M | — | 58.29M | 58.33M | 59.27M | — | 59.50M | 59.45M |
| Net Margin | 17.92% | 33.14% | 34.17% | 34.59% | 34.52% | 36.33% | 31.53% | 24.97% | 31.19% | 27.14% | 34.96% | 37.08% |
This table shows 12 quarterly periods of First Merchants's income statement, from Q1 2026 back to Q2 2023, across 11 line items including revenue, operating expenses, interest expense. Values in USD; B = billions, M = millions. Fiscal periods follow FRME's reporting calendar. What is a income statement?