First Merchants (FRME) Operating Income (2017 - 2026)
First Merchants (FRME) posted quarterly Operating Income of -$108.1 million for Q2 2026, down 24.57% year-over-year from -$143.3 million in Q2 2025, and up 7.61% on a QoQ basis from -$117.0 million in Q1 2026.
First Merchants (FRME) Operating Income (2017 - 2026) Analysis & Trends
First Merchants has reported Operating Income for 10 years, with the latest figure at -$108.1 million in Q2 2026.
- Operating Income for Q2 2026 came in at -$108.1 million, down 24.57% year-over-year; the trailing twelve-month figure through Jun 2026 was -$407.5 million (down 16.25% YoY), and the FY2025 annual result was -$354.9 million, down 0.69% from the prior year.
- Operating Income advanced to -$108.1 million in Q2 2026, from -$117.0 million in the prior quarter.
- Over five years, Operating Income peaked at -$65.7 million in Q1 2022 and troughed at -$117.0 million in Q1 2026.
- A 5-year average of -$90.6 million and a median of -$89.0 million in 2023 frame the typical range for Operating Income.
- The widest annual swing landed in 2022, when Operating Income tumbled 44.72%; it then increased 12.47% in 2024.
- A 5-year view of Operating Income shows it stood at -$85.4 million in 2022, then decreased by 20.74% to -$103.1 million in 2023, then climbed by 12.47% to -$90.2 million in 2024, then declined by 2.73% to -$92.7 million in 2025, then dropped by 16.63% to -$108.1 million in 2026.
- Per Business Quant data, the three most recent Operating Income figures were -$108.1 million in Q2 2026, -$117.0 million in Q1 2026, and -$92.7 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | - |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | 2.95 Bn |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | - |
| 10 | First Merchants | 2.61 Bn | 2.61 Bn | 7.27 Mn | -108.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -108.08 Mn |
| Mar 31, 2026 | -117.71 Mn |
| Dec 31, 2025 | -91.91 Mn |
| Sep 30, 2025 | -89.76 Mn |
| Jun 30, 2025 | -90.66 Mn |
| Mar 31, 2025 | -89.73 Mn |
| Dec 31, 2024 | -111.68 Mn |
| Sep 30, 2024 | -88.10 Mn |
| Jun 30, 2024 | -84.97 Mn |
| Mar 31, 2024 | -89.93 Mn |
| Dec 31, 2023 | -132.02 Mn |
| Sep 30, 2023 | -95.71 Mn |
| Jun 30, 2023 | -86.30 Mn |
| Mar 31, 2023 | -93.88 Mn |
| Dec 31, 2022 | -110.74 Mn |
| Sep 30, 2022 | -98.08 Mn |
| Jun 30, 2022 | -93.55 Mn |
| Mar 31, 2022 | -66.64 Mn |
| Dec 31, 2021 | -52.99 Mn |
| Sep 30, 2021 | -66.81 Mn |