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First Merchants Corporation (FRME)
Financial Services · Banks - Regional · NasdaqGS
First Merchants Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $628.14M | $651.00M | $626.71M | $662.95M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $81.05M | $96.07M | $159.14M | $164.46M | $148.60M | $205.53M | $222.09M | $223.79M | $201.40M | $226.00M |
| Net margin | — | — | — | — | — | — | 35.4% | 34.4% | 32.1% | 34.1% |
Source: First Merchants Corporation SEC filings (10-K). 17 years of history available in the interactive view.
Explore 17 years of First Merchants Corporation financials — interactive
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First Merchants Corporation financial history by metric
About First Merchants Corporation
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products. It also provides personal and commercial wealth management services, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
First Merchants Corporation — frequently asked questions
What is First Merchants Corporation's revenue?
First Merchants Corporation (FRME) reported revenue of $662.95M for fiscal year 2025, up 5.8% from the prior year, according to its SEC filings.
Is First Merchants Corporation profitable?
Yes. FRME earned net income of $226.00M in fiscal 2025, a net margin of 34.1%.
What is FRME's P/E ratio?
First Merchants Corporation trades at a price-to-earnings ratio of about 12.2 based on the latest data in our nightly-refreshed cache.
How much debt does First Merchants Corporation have?
As of fiscal year 2025, FRME carried roughly $856.18M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is First Merchants Corporation's market cap?
First Merchants Corporation (FRME) has a market capitalization of about $2.60B, based on the latest data in our nightly-refreshed cache.
When does First Merchants Corporation's fiscal year end?
FRME's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from First Merchants Corporation's official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.