First Merchants Corporation
FRMENASDAQFinancial Services● Active
$40.15
+$0.22(+0.56%)
Market Cap$2.5B
P/E Ratio—
52W High$43.22
52W Low$34.66
First Merchants Corporation (FRME) · Income Statement
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · FRME · as of 2026-06-08
Financial statements
Revenue · Gross Profit · Net Income
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | $1.05B | $1.05B | $1.00B | $0.71B | $0.56B |
| Cost of Revenue | $0.41B | $0.46B | $0.35B | $0.10B | $0.04B |
| Gross Profit | $0.64B | $0.59B | $0.65B | $0.61B | $0.52B |
| Gross Margin %(computed) | 60.96% | 56.09% | 64.78% | 85.76% | 93.53% |
| Operating Expenses | |||||
| R&D Expenses | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| G&A Expenses | $0.28B | $0.24B | $0.24B | $0.22B | $0.17B |
| Total Operating Expenses | $0.38B | $0.36B | $0.39B | $0.36B | $0.28B |
| Operating Income | $0.26B | $0.23B | $0.26B | $0.26B | $0.24B |
| Operating Margin %(computed) | 24.67% | 21.99% | 25.94% | 35.86% | 43.31% |
| Interest Income | $0.92B | $0.95B | $0.89B | $0.61B | $0.45B |
| Interest Expense | $0.39B | $0.43B | $0.35B | $0.08B | $0.04B |
| Income Before Tax | $0.26B | $0.23B | $0.26B | $0.26B | $0.24B |
| Income Tax Expense | $0.03B | $0.03B | $0.04B | $0.03B | $0.04B |
| Net Income | $0.23B | $0.20B | $0.22B | $0.22B | $0.21B |
| Net Margin %(computed) | 21.52% | 19.12% | 22.39% | 31.15% | 36.97% |
| Per Share & EBITDA | |||||
| EPS (Basic) | $3.90 | $3.42 | $3.74 | $3.83 | $3.82 |
| Wtd Avg Shares | 0.06B | 0.06B | 0.06B | 0.06B | 0.05B |
| EBITDA | $0.29B | $0.26B | $0.27B | $0.27B | $0.25B |
| EBITDA Margin %(computed) | 27.47% | 24.54% | 27.11% | 37.52% | 45.24% |
Data source: Financial Modeling Prep · Last updated: 2026-06-08 · USD · B
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About First Merchants Corporation (FRME) Income Statement
First Merchants Corporation (FRME) income statement data is sourced from SEC Form 10-K and 10-Q filings. For fiscal year 2025, FRME reported revenue of $1.05B, gross profit of $0.64B (gross margin 60.96%), and net income of $0.23B — a net profit margin of 21.52%.
Frequently asked questions
FRME · 4 questionsFirst Merchants Corporation (FRME) reported revenue of $1.05B for 2025, down 0.3% year-over-year.
FRME revenueFRME salesannual revenue YoYincome statement
· Source: FMP /stable/income-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-08