First Merchants (FRME) Net Income (2010 - 2026)
First Merchants' (FRME) quarterly Net Income came in at $28.2 million in Q1 2026, down 49.12% year-on-year from $55.3 million in Q1 2025, and down 50.66% quarter-over-quarter from $57.1 million in Q4 2025.
First Merchants (FRME) Net Income (2010 - 2026) Analysis & Trends
First Merchants' Net Income history runs 17 years deep, the most recent figure standing at $28.2 million for Q1 2026.
- On a quarterly basis, Net Income fell 49.12% year-over-year to $28.2 million in Q1 2026; TTM through Mar 2026 was $198.8 million, a 4.78% decrease from a year earlier, with the FY2025 full-year figure at $226.0 million, up 12.21% from the prior year.
- Net Income fell to $28.2 million in Q1 2026 per FRME's latest filing, from $57.1 million in the prior quarter.
- Across five years, Net Income topped out at $70.8 million in Q4 2022 and bottomed at $28.2 million in Q1 2026.
- The 5-year median for Net Income is $56.4 million (2023), against an average of $53.0 million.
- Across the five-year window, Net Income soared 56.09% in 2023 and tumbled 49.12% in 2026, its largest moves.
- Year by year, Net Income stood at $70.8 million in 2022, then plunged by 39.97% to $42.5 million in 2023, then soared by 51.48% to $64.3 million in 2024, then slipped by 11.32% to $57.1 million in 2025, then tumbled by 50.66% to $28.2 million in 2026.
- Per Business Quant, the three latest FRME Net Income figures stand at $28.2 million (Q1 2026), $57.1 million (Q4 2025), and $56.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | 1.77 Bn |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | -385.94 Mn |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | 428,428.00 |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | 3.45 Bn |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | 2.24 Bn |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | 3.36 Bn |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | 4.33 Mn |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 5.07 Mn |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | 1.77 Bn |
| 10 | First Merchants | 2.62 Bn | 2.62 Bn | 7.44 Mn | 28.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 55.56 Mn |