The financials
First Merchants Corporation by the numbers
First Merchants Corporation (FRME) reported revenue of $249M in Q1 2026 (quarter ended March 31, 2026), up 12% from the same quarter a year earlier. That came with net income of $28M (11% of revenue). For the full year FY2025, revenue was $925M (−2.4% year on year) and net income $226M. Its largest product in 2026-Q2 was Fiduciary And Trust at $9.6M, 36% of the disclosed total, just ahead of Deposit Account at 35%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $249M | $223M | +12% |
| Net income | $28M | $55M | −49% |
| Diluted EPS | $0.45 | $0.94 | −52% |
| Product | Revenue | Share |
|---|---|---|
| Fiduciary And Trust | $9.6M | 36% |
| Deposit Account | $9.4M | 35% |
| Credit Card | $5.5M | 21% |
| Derivative Hedging | $1.1M | 4.2% |
| Financial Service Other | $880K | 3.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $26.5M (+5.1%)
Financial Service Other grew +119% year on yearFiduciary And Trust +9.1% year on year
Segment Latestquarter on quarteryear on year
- Fiduciary And Trust$9.6M$9.6MQoQ -1.3%year on year +9.1%-1.3%+9.1%
- Deposit Account$9.4M$9.4MQoQ +3.7%year on year +9.4%+3.7%+9.4%
- Credit Card$5.5M$5.5MQoQ +4.4%year on year +12%+4.4%+12%
- Derivative Hedging$1.1M$1.1MQoQ +98%year on year +34%+98%+34%
- Financial Service Other$880.0K$880.0KQoQ +48%year on year +119%+48%+119%
Banks - Regional
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