Income Statement - FIRST MERCHANTS CORP (FRME)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 1,050.20 | 1,053.60 | 999.49 | 712.95 | 555.96 | 558.43 | 552.09 | 484.40 | 385.91 | 318.52 | 281.55 | 270.70 | 226.85 | 240.25 | 230.37 | 248.12 | 288.37 | 258.52 | 271.28 | 243.22 |
| Cost of revenue | 410.03 | 462.59 | 351.99 | 101.56 | 35.95 | 125.05 | 111.55 | 76.31 | 46.76 | 32.50 | 25.21 | 24.40 | 23.22 | 42.15 | 60.52 | 102.49 | 199.27 | 118.33 | 126.12 | 104.77 |
| Gross profit | 640.17 | 591.01 | 647.50 | 611.39 | 520.00 | 433.38 | 440.55 | 408.09 | 339.15 | 286.02 | 256.34 | 246.29 | 203.63 | 198.10 | 169.85 | 145.63 | 89.10 | 140.20 | 145.16 | 138.45 |
| Total operating expenses | 381.06 | 359.28 | 388.27 | 355.72 | 279.21 | 263.41 | 246.76 | 219.95 | 205.56 | 177.36 | 165.29 | 164.01 | 143.22 | 137.12 | 135.94 | 142.31 | 158.29 | 111.47 | 102.18 | 96.06 |
| Operating income | 259.11 | 231.73 | 259.23 | 255.67 | 240.79 | 169.98 | 193.79 | 188.14 | 133.59 | 108.66 | 91.05 | 82.29 | 60.41 | 60.99 | 33.91 | 3.32 | -69.19 | 28.72 | 42.98 | 42.39 |
| Non-operating income (net) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income before tax | 259.11 | 231.73 | 259.23 | 255.67 | 240.79 | 169.98 | 193.79 | 188.14 | 133.59 | 108.66 | 91.05 | 82.29 | 60.41 | 60.99 | 33.91 | 3.32 | -69.19 | 28.72 | 42.98 | 42.39 |
| Income tax expense | 33.11 | 30.33 | 35.45 | 33.59 | 35.26 | 21.38 | 29.33 | 29.00 | 37.52 | 27.61 | 25.67 | 22.12 | 15.88 | 15.87 | 8.66 | -3.59 | -28.42 | 8.08 | 11.34 | 12.20 |
| Net income | 226.00 | 201.40 | 223.79 | 222.09 | 205.53 | 148.60 | 164.46 | 159.14 | 96.07 | 81.05 | 65.38 | 60.16 | 44.53 | 45.12 | 25.25 | 6.91 | -40.76 | 20.64 | 31.64 | 30.20 |
Show Quarterly Income Statement
Income Statement - FIRST MERCHANTS CORP (FRME)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 253.30 | 269.78 | 267.57 | 261.03 | 252.57 | 257.40 | 265.95 | 267.72 | 262.54 | 263.43 | 256.98 | 247.68 | 231.40 | 215.13 | 192.96 | 169.42 | 135.44 | 135.84 | 142.05 | 144.16 | 133.91 | 140.71 | 132.39 | 135.73 | 149.61 | 150.07 | 140.25 | 134.25 | 127.53 | 127.83 | 124.33 | 119.06 | 113.18 | 109.41 | 103.52 | 89.90 | 83.08 | 81.13 | 81.24 | 79.09 | 77.06 | 70.03 | 72.87 | 71.04 | 69.18 | 69.31 | 71.70 | 67.71 | 66.44 | 60.78 | 52.54 | 54.71 | 57.62 | 57.17 | 59.62 | 57.33 | 66.13 | 57.04 | 58.32 | 56.78 | 58.62 | 61.55 | 47.38 | 61.83 | 65.15 | 66.61 | 74.08 | 72.61 | 75.08 | 60.02 | 65.64 | 63.87 | 67.18 | 69.46 | 70.01 | 66.77 | 65.05 | 63.94 | 63.16 | 59.46 | 56.66 |
| Cost of revenue | 102.17 | 105.53 | 105.73 | 102.32 | 96.45 | 104.47 | 114.97 | 132.31 | 110.84 | 108.43 | 97.75 | 83.53 | 62.28 | 42.03 | 23.03 | 29.24 | 7.26 | 8.72 | 8.83 | 9.01 | 9.39 | 15.40 | 25.85 | 38.13 | 45.68 | 28.74 | 29.80 | 27.86 | 25.15 | 22.43 | 19.71 | 17.96 | 16.20 | 13.38 | 12.51 | 11.24 | 9.62 | 9.05 | 8.59 | 7.53 | 7.32 | 6.44 | 6.22 | 6.59 | 5.97 | 6.85 | 7.02 | 5.41 | 5.12 | 5.59 | 5.25 | 6.00 | 6.38 | 9.20 | 10.05 | 10.66 | 12.23 | 13.75 | 14.79 | 15.50 | 16.48 | 19.54 | 24.27 | 29.33 | 29.35 | 42.52 | 42.57 | 79.63 | 34.55 | 30.84 | 28.82 | 29.00 | 29.67 | 31.88 | 33.43 | 31.04 | 29.77 | 29.30 | 28.26 | 25.01 | 22.20 |
| Gross profit | 151.13 | 164.25 | 161.84 | 158.72 | 156.12 | 152.93 | 150.98 | 135.41 | 151.70 | 155.01 | 159.23 | 164.15 | 169.12 | 173.11 | 169.92 | 140.18 | 128.18 | 127.12 | 133.22 | 135.15 | 124.52 | 125.31 | 106.54 | 97.60 | 103.92 | 121.33 | 110.45 | 106.39 | 102.38 | 105.40 | 104.61 | 101.10 | 96.98 | 96.03 | 91.01 | 78.66 | 73.46 | 72.08 | 72.64 | 71.56 | 69.74 | 63.59 | 66.66 | 64.46 | 63.21 | 62.45 | 64.68 | 62.30 | 61.33 | 55.19 | 47.29 | 48.71 | 51.23 | 47.97 | 49.57 | 46.67 | 53.90 | 43.30 | 43.53 | 41.28 | 42.14 | 42.01 | 47.38 | 32.51 | 35.80 | 24.08 | 31.52 | -7.03 | 40.53 | 29.18 | 36.82 | 34.87 | 37.51 | 37.58 | 36.57 | 35.73 | 35.28 | 34.64 | 34.90 | 34.45 | 34.46 |
| Total operating expenses | 124.05 | 98.75 | 96.56 | 93.60 | 92.90 | 76.31 | 94.63 | 91.41 | 96.94 | 108.10 | 93.85 | 92.59 | 93.72 | 89.70 | 96.38 | 97.31 | 72.33 | 72.44 | 71.38 | 69.30 | 66.10 | 72.54 | 64.71 | 59.99 | 66.17 | 65.20 | 67.35 | 57.59 | 56.62 | 57.74 | 55.02 | 53.50 | 53.69 | 56.43 | 58.71 | 47.32 | 43.10 | 41.93 | 44.12 | 44.84 | 46.48 | 45.00 | 43.03 | 37.63 | 41.20 | 41.68 | 42.58 | 41.25 | 43.09 | 40.56 | 34.22 | 33.74 | 34.70 | 34.50 | 34.40 | 34.18 | 34.03 | 33.44 | 34.22 | 34.40 | 34.28 | 38.19 | 59.00 | 34.74 | 35.13 | 42.64 | 40.22 | 40.24 | 35.19 | 29.00 | 28.56 | 25.83 | 26.27 | 25.25 | 25.00 | 27.74 | 24.19 | 24.42 | 23.96 | 23.89 | 23.79 |
| Operating income | 27.09 | 65.50 | 65.28 | 65.12 | 63.22 | 76.62 | 56.35 | 43.99 | 54.77 | 46.90 | 65.37 | 71.56 | 75.40 | 83.41 | 73.55 | 42.87 | 55.85 | 54.68 | 61.83 | 65.85 | 58.42 | 52.78 | 41.83 | 37.62 | 37.75 | 56.13 | 43.09 | 48.81 | 45.76 | 47.66 | 49.59 | 47.60 | 43.29 | 39.59 | 32.30 | 31.34 | 30.36 | 30.14 | 28.53 | 26.72 | 23.27 | 18.60 | 23.62 | 26.82 | 22.01 | 20.78 | 22.10 | 21.05 | 18.24 | 14.63 | 13.07 | 14.97 | 16.53 | 13.46 | 15.16 | 12.49 | 19.87 | 9.86 | 9.30 | 6.88 | 7.86 | 3.82 | 0.41 | -2.24 | 0.67 | -18.56 | -8.70 | -47.26 | 5.34 | 0.18 | 8.27 | 9.03 | 11.24 | 12.33 | 11.57 | 7.99 | 11.09 | 10.22 | 10.95 | 10.55 | 10.67 |
| Non-operating income (net) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.67 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income before tax | 27.09 | 65.50 | 65.28 | 65.12 | 63.22 | 76.62 | 56.35 | 43.99 | 54.77 | 46.90 | 65.37 | 71.56 | 75.40 | 83.41 | 73.55 | 42.87 | 55.85 | 54.68 | 61.83 | 65.85 | 58.42 | 52.78 | 41.83 | 37.62 | 37.75 | 56.13 | 43.09 | 48.81 | 45.76 | 47.66 | 49.59 | 47.60 | 43.29 | 39.59 | 32.30 | 31.34 | 30.36 | 30.14 | 28.53 | 26.72 | 23.27 | 18.60 | 23.62 | 26.82 | 22.01 | 20.78 | 22.10 | 21.05 | 18.24 | 14.63 | 13.07 | 14.97 | 16.53 | 13.46 | 15.16 | 12.49 | 19.87 | 9.86 | 9.30 | 6.88 | 7.86 | 3.82 | 1.07 | -2.24 | 0.67 | -18.56 | -8.70 | -47.26 | 5.34 | 0.18 | 8.27 | 9.03 | 11.24 | 12.33 | 11.57 | 7.99 | 11.09 | 10.22 | 10.95 | 10.55 | 10.67 |
| Income tax expense | -1.07 | 8.43 | 8.52 | 8.29 | 7.88 | 12.27 | 7.16 | 4.07 | 6.83 | 4.43 | 9.01 | 10.70 | 11.32 | 12.65 | 9.79 | 3.88 | 7.27 | 6.95 | 9.06 | 10.29 | 8.95 | 7.64 | 5.62 | 4.62 | 3.49 | 8.30 | 6.34 | 7.75 | 6.94 | 5.95 | 8.48 | 7.96 | 6.61 | 15.21 | 7.94 | 7.21 | 7.17 | 7.85 | 7.47 | 6.72 | 5.57 | 4.42 | 6.56 | 8.86 | 5.83 | 5.52 | 5.98 | 5.89 | 4.62 | 3.19 | 2.67 | 4.16 | 4.67 | 3.15 | 3.93 | 3.29 | 5.50 | 2.30 | 2.56 | 1.40 | 2.40 | -0.22 | -0.56 | -1.89 | -0.92 | -8.33 | -3.77 | -17.53 | 1.22 | -0.04 | 2.52 | 2.49 | 3.11 | 3.02 | 3.22 | 1.79 | 3.32 | 2.56 | 3.21 | 3.26 | 3.16 |
| Net income | 28.16 | 57.07 | 56.77 | 56.83 | 55.34 | 64.35 | 49.19 | 39.93 | 47.94 | 42.48 | 56.37 | 60.86 | 64.08 | 70.76 | 63.75 | 38.99 | 48.59 | 47.73 | 52.77 | 55.56 | 49.47 | 45.14 | 36.21 | 32.99 | 34.26 | 47.83 | 36.76 | 41.06 | 38.82 | 41.71 | 41.11 | 39.63 | 36.68 | 24.38 | 24.36 | 24.14 | 23.19 | 22.29 | 21.06 | 20.01 | 17.69 | 14.18 | 17.07 | 17.97 | 16.17 | 15.26 | 16.12 | 15.16 | 13.62 | 11.45 | 10.40 | 10.82 | 11.87 | 10.31 | 11.24 | 9.21 | 14.37 | 7.56 | 6.74 | 5.49 | 5.46 | 4.03 | 1.64 | -0.34 | 1.59 | -10.22 | -4.93 | -29.73 | 4.12 | 0.22 | 5.75 | 6.54 | 8.13 | 9.31 | 8.35 | 6.21 | 7.77 | 7.66 | 7.74 | 7.29 | 7.51 |