First Merchants (FRME) Net Margin (2009 - 2026)
First Merchants (FRME) posted Net Margin of 22.19% for Q2 2026, down 12.11 percentage points from 34.30% a year earlier but up 4.57 percentage points from the prior quarter.
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Analysis
First Merchants (FRME) Net Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at First Merchants was 26.62%, down 7.41 percentage points year-over-year; for FY2025, it was 33.81%, up 2.95 percentage points from FY2024.
- Annual Net Margin shows a five-year change of +3.61 percentage points (FY2020 to FY2025).
- In prior years, First Merchants' Net Margin was 30.85% in FY2024 (-3.23 pp), 34.09% in FY2023 (-1.04 pp), 35.13% in FY2022 (-4.39 pp) and 39.52% in FY2021 (+9.32 pp).
- Quarterly Net Margin has run from a low of 17.62% in Q1 2026 to a high of 40.61% in Q4 2022 over five years.
- On a year-over-year basis, Net Margin has declined in each of the last three quarters, with an average year-over-year change of -1.31 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Net Margin in the past five years was Q2 2023, with a gain of 12.24 percentage points; the weakest was Q1 2026, with a drop of 16.61 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 17.62% (Q1 2026), 32.87% (Q4 2025) and 33.88% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 29.77% |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 21.83% |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | 38.08% |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 23.36% |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 32.48% |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 27.42% |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 26.08% |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | 246.71% |
| 10 | First Merchants | 256.31 Mn | 256.31 Mn | - | 34.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 34.08% |
| Jun 30, 2026 | 22.19% |
| Mar 31, 2026 | 17.62% |
| Dec 31, 2025 | 32.87% |
| Sep 30, 2025 | 33.88% |
| Jun 30, 2025 | 34.30% |
| Mar 31, 2025 | 34.23% |
| Dec 31, 2024 | 36.07% |
| Sep 30, 2024 | 31.23% |
| Jun 30, 2024 | 24.67% |
| Mar 31, 2024 | 30.89% |
| Dec 31, 2023 | 26.84% |
| Sep 30, 2023 | 34.67% |
| Jun 30, 2023 | 36.79% |
| Mar 31, 2023 | 37.61% |
| Dec 31, 2022 | 40.61% |
| Sep 30, 2022 | 37.24% |
| Jun 30, 2022 | 24.55% |
| Mar 31, 2022 | 37.91% |
| Dec 31, 2021 | 37.55% |
API Access
First Merchants Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "FRME", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();