First Merchants (FRME) Net Income (2010 - 2026)
First Merchants (FRME) posted quarterly Net Income of $44.0 million for Q2 2026, down 22.61% year-over-year from $56.8 million in Q2 2025, and up 56.2% on a QoQ basis from $28.2 million in Q1 2026.
First Merchants (FRME) Net Income (2010 - 2026) Analysis & Trends
First Merchants has reported Net Income for 17 years, with the latest figure at $44.0 million in Q2 2026.
- Net Income for Q2 2026 came in at $44.0 million, down 22.61% year-over-year; the trailing twelve-month figure through Jun 2026 was $186.0 million (down 17.61% YoY), and the FY2025 annual result was $226.0 million, up 12.21% from the prior year.
- Net Income improved to $44.0 million in Q2 2026, from $28.2 million in the prior quarter.
- Over five years, Net Income peaked at $70.8 million in Q4 2022 and troughed at $28.2 million in Q1 2026.
- A 5-year average of $52.5 million and a median of $55.9 million in 2023 frame the typical range for Net Income.
- The widest annual swing landed in 2023, when Net Income jumped 56.09%; it then slumped 49.12% in 2026.
- A 5-year view of Net Income shows it stood at $70.8 million in 2022, then tumbled by 39.97% to $42.5 million in 2023, then surged by 51.48% to $64.3 million in 2024, then decreased by 11.32% to $57.1 million in 2025, then declined by 22.93% to $44.0 million in 2026.
- Per Business Quant data, the three most recent Net Income figures were $44.0 million in Q2 2026, $28.2 million in Q1 2026, and $57.1 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 2.06 Bn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 2.18 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | 3.98 Bn |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | 3.89 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | 2.79 Bn |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | 1.41 Bn |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 1.55 Bn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 801.00 Mn |
| 10 | First Merchants | 2.62 Bn | 2.62 Bn | 7.27 Mn | 43.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 43.98 Mn |
| Mar 31, 2026 | 28.16 Mn |
| Dec 31, 2025 | 57.07 Mn |
| Sep 30, 2025 | 56.77 Mn |
| Jun 30, 2025 | 56.83 Mn |
| Mar 31, 2025 | 55.34 Mn |
| Dec 31, 2024 | 64.35 Mn |
| Sep 30, 2024 | 49.19 Mn |
| Jun 30, 2024 | 39.93 Mn |
| Mar 31, 2024 | 47.94 Mn |
| Dec 31, 2023 | 42.48 Mn |
| Sep 30, 2023 | 56.37 Mn |
| Jun 30, 2023 | 60.86 Mn |
| Mar 31, 2023 | 64.08 Mn |
| Dec 31, 2022 | 70.76 Mn |
| Sep 30, 2022 | 63.75 Mn |
| Jun 30, 2022 | 38.99 Mn |
| Mar 31, 2022 | 48.59 Mn |
| Dec 31, 2021 | 47.73 Mn |
| Sep 30, 2021 | 52.77 Mn |