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FRME · NASDAQ · Banks - Regional

First Merchants (FRME)

Provides Midwestern commercial, consumer, mortgage, and private wealth banking through one charter.

$40.20

vs last close−0.45 (−1.11%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	257	263	263	268	266	257	253	261	268	270	253	298
Cost of revenue	98	108	111	132	115	104	96	102	106	106	102	135
Gross profit	159	155	152	135	151	153	156	159	162	164	151	163
	94	108	97	91	95	76	93	94	97	99	124	115
	61	71	64	57	61	62	60	60	63	73	86	93
Selling & marketing	2	3	1	2	2	3	1	2	2	0	0	2
General & administrative	59	69	63	55	59	59	59	58	61	73	86	91
Other expenses	33	37	33	34	34	15	33	34	34	26	38	21
Operating income	65	47	55	44	56	77	63	65	65	65	27	48
	0	0	0	0	0	0	0	0	0	0	0	−1
Interest income	229	237	236	236	241	235	223	230	235	237	249	261
Interest expense	96	107	109	108	110	100	92	97	101	98	97	102
Income before tax	65	47	55	44	56	77	63	65	65	65	27	48
Income tax expense	9	4	7	4	7	12	8	8	9	8	−1	4
Net income from continuing operations	56	42	48	40	49	64	55	57	57	57	28	44
Net income	56	42	48	40	49	64	55	57	57	57	28	44
EPS, basic	$0.95	$0.71	$0.80	$0.68	$0.84	$1.10	$0.95	$0.98	$0.98	$0.99	$0.46	$0.70
EPS, diluted	$0.94	$0.71	$0.80	$0.68	$0.84	$1.10	$0.94	$0.98	$0.98	$0.99	$0.46	$0.70
Weighted average shares, basic	59	59	59	58	58	58	58	58	57	57	61	63
Weighted average shares, diluted	60	60	59	58	58	58	58	58	57	57	61	63
EBITDA	68	50	58	47	60	93	71	73	73	71	36	48
Depreciation & amortization	3	3	3	3	4	16	8	8	8	6	9	0
EBIT	65	47	55	44	56	77	63	65	65	65	27	48