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
DateValue
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