First Merchants Corporation

FRMENASDAQFinancial Services● Active

$40.36

+$0.43(+1.08%)

Market Cap$2.5B

P/E Ratio—

52W High$43.22

52W Low$34.66

Avg Volume374K

Open$40.04

Beta0.86

Net Income Financials Revenue

First Merchants Corporation (FRME) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

FRME · net income · updated Jun 8, 2026

Core profitability metrics

FRME · net income · margin · TTM · CAGR

Net income was $226.0M for FY2025 (fiscal year ending 2025-12-31), up 12.2% year-over-year. Net profit margin was 21.5%. Based on available data, First Merchants Corporation has been profitable since at least 2011.

FY2025 Net Income$226.0M▲ +12.2% YoY

Trailing 12M (TTM)$198.8Mtrailing 4 quarters sum

Net Profit Margin21.5%$226.0M ÷ $1.05B

YoY Change+12.2%—

5-Year CAGR+8.8%FY2020 → FY2025

FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net Income (bars) · Net Profit Margin % (line)

Net IncomeNet LossNet Margin %★ First Profit: 2011

▸ FMP /income-statement · Annual · FRME net income history · FRME profit margin

Annual net income data

FRME · net income history · annual / quarterly

Fiscal YearNet IncomeYoY ChangeNet MarginRevenue

FY2025$226.0M▲ +12.2%21.5%$1.05B

FY2024$201.4M▼ 10.0%19.1%$1.05B

FY2023$223.8M▲ +0.8%22.4%$999.5M

FY2022$222.1M▲ +8.1%31.1%$712.9M

FY2021$205.5M▲ +38.3%37.0%$556.0M

Net income vs peers (Financial Services)

FRME vs peers · net income

#CompanyNet IncomeYoYNet MarginRelative

First Merchants CorporationYOU

FRME

$226.0M+12.2%21.5%

Berkshire Hathaway Inc.

BRK-B

$66.97B-24.8%18.0%

100%

Berkshire Hathaway Inc.

Mastercard Incorporated

$14.97B+16.3%45.6%

22%

Financial Services · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

First Merchants Corporation (FRME) reported net income of $226.0M for FY2025 (fiscal year ending 2025-12-31), up 12.2% year-over-year. The net profit margin was 21.5% — meaning the company kept $0.22 of every dollar of revenue as profit.

Based on available data, First Merchants Corporation has been profitable since at least 2011. Net income reached a peak of $226.0M in FY2025. Data available for 15 fiscal years.

First Merchants Corporation's net profit margin was 21.5% for FY2025, based on the latest annual results.

Investors sometimes search for "First Merchants Corporation net worth" — the company's market capitalization is a separate figure from FRME net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.

Revenue Financial statements Earnings Forecast Price history Market cap Free cash flow

Frequently asked questions

FRME net income · 5 questions

First Merchants Corporation is profitable. The company reported net income of $226.0M for FY2025, a net profit margin of 21.5%. Net income was up 12.2% year-over-year. Based on available data, First Merchants Corporation has been profitable since at least 2011.

is FRME profitabledoes FRME make a profitFRME profitabilityFRME profitable company

▸ Source: FMP /income-statement · GAAP · First Merchants Corporation · First Merchants Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026