FRMEP
First Merchants Corporation
NASDAQ · Financial Services · Banks - Regional · US
$25.00
+0.00%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 1.1B | 1.1B | 1.1B | 999.5M | 712.9M |
| Cost of Revenue | 448.3M | 410.0M | 462.6M | 352.0M | 101.6M |
| Gross Profit | 640.3M | 640.2M | 591.0M | 647.5M | 611.4M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 315.1M | 282.1M | 243.6M | 250.8M | 224.8M |
| General & Admin Expense | 310.6M | 282.1M | 236.2M | 243.4M | 217.1M |
| Selling & Marketing Expense | 4.5M | — | 7.4M | 7.4M | 7.7M |
| Other Expenses | 118.9M | 99.0M | 115.7M | 137.4M | 130.9M |
| Total Operating Expenses | 434.0M | 381.1M | 359.3M | 388.3M | 355.7M |
| Cost and Expenses | 882.3M | 791.1M | 821.9M | 740.3M | 457.3M |
| Operating Income (EBIT) | 206.3M | 259.1M | 231.7M | 259.2M | 255.7M |
| Non-Operating | |||||
| Interest Income | 981.9M | 924.8M | 948.0M | 893.9M | 605.0M |
| Interest Expense | 399.0M | 388.8M | 426.9M | 348.5M | 84.8M |
| Net Interest Income | 583.0M | 536.0M | 521.1M | 545.4M | 520.2M |
| Other Non-Op Income/Expense | (696.0K) | — | — | — | — |
| Non-Operating Income (excl Interest) | — | — | — | — | — |
| EBT (Pre-Tax Income) | 205.6M | 259.1M | 231.7M | 259.2M | 255.7M |
| Income Tax Expense | 19.6M | 33.1M | 30.3M | 35.4M | 33.6M |
| Bottom Line | |||||
| Net Income | 186.0M | 226.0M | 201.4M | 223.8M | 222.1M |
| Earnings from Cont. Ops | 186.0M | 226.0M | 201.4M | 223.8M | 222.1M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 184.1M | 224.1M | 199.5M | 221.9M | 220.7M |
| Per Share | |||||
| Basic EPS | $3.13 | $3.90 | $3.42 | $3.74 | $3.83 |
| Diluted EPS | $3.13 | $3.88 | $3.41 | $3.73 | $3.81 |
| Revenue Per Share | $17.40 | $18.19 | $18.07 | $16.85 | $12.36 |
| Shares | |||||
| Basic Shares Outstanding | 62.6M | 57.7M | 58.3M | 59.3M | 57.7M |
| Diluted Shares Outstanding | 62.6M | 57.7M | 58.5M | 59.5M | 58.0M |
| Profitability Metrics | |||||
| EBITDA | 229.0M | 288.5M | 258.6M | 270.9M | 267.5M |
| D&A | 22.7M | 29.4M | 26.8M | 11.7M | 11.8M |
| EBIT | 206.3M | 259.1M | 231.7M | 259.2M | 255.7M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026