First Merchants Income Statement (2016-2025) | FRME

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Income Statement	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025
Revenue & Cost
Provisions	0.55M	0.79M	1.90M	2.42M	2.38M	2.88M	2.08M	1.80M	2.50M	1.66M	1.40M	1.66M	1.20M	0.50M	0.60M	0.50M	-19.75M	21.89M	12.54M	4.48M						16.75M					5.00M	2.30M	2.00M	24.50M	5.00M	5.70M	4.20M	5.60M	4.30M
Revenue	70.29M	72.35M	74.54M	74.49M	75.84M	81.53M	5.04M	5.07M	4.78M	5.04M	5.62M	5.52M	5.09M	5.44M	6.11M	6.31M	5.99M	6.10M	5.91M	6.25M	6.42M	7.51M	7.35M	7.08M	7.33M	7.69M	7.22M	7.50M	7.86M	7.81M	7.97M	7.69M	8.20M	8.82M	8.53M	8.66M	8.64M	8.83M	8.92M
Interest income
Interest income - Investments	1.50M	2.12M	1.01M	1.95M	3.24M	1.16M	0.69M	1.67M	0.51M	0.93M	1.00M	1.68M	0.58M	0.64M	0.42M	-0.27M	0.30M	0.28M	0.25M	0.21M	0.18M	0.09M	0.17M	0.16M	0.15M	0.17M	0.31M	0.54M	0.54M	1.02M	0.72M	0.77M	0.83M	0.88M	0.85M	0.96M	1.00M	1.08M	1.09M
Interest Income - Debt Securities	4.33M	4.35M	3.99M	3.89M	4.31M	4.18M	4.52M	4.48M	5.10M	5.43M	5.51M	5.55M	6.09M	7.00M	6.73M	7.99M	7.63M	6.15M	5.40M	5.26M	6.70M	7.44M	7.79M	8.03M	8.51M	10.37M	10.05M	9.42M	9.09M	8.89M	8.59M	8.64M	8.75M	9.05M	9.26M	9.02M	8.37M	8.27M	8.29M
Interest Income - Deposits	0.11M	0.12M	0.06M	0.07M	0.04M	0.11M	0.28M	0.29M	0.13M	0.63M	0.27M	1.21M	0.88M	0.78M	1.36M	1.20M	0.57M	0.13M	0.09M	0.14M	0.11M	0.13M	0.22M	0.17M	0.23M	0.61M	0.70M	0.96M	0.64M	3.16M	5.88M	8.03M	6.49M	3.00M	2.15M	5.35M	2.37M	1.89M	1.68M
Interest Income - Total	61.23M	62.70M	64.38M	65.00M	68.23M	71.47M	84.85M	90.35M	93.62M	100.87M	104.80M	108.65M	108.81M	112.64M	118.13M	125.82M	119.81M	109.25M	106.22M	113.22M	109.82M	113.28M	113.55M	109.99M	109.54M	141.15M	163.34M	190.98M	206.40M	221.37M	229.13M	236.99M	235.90M	236.38M	241.08M	234.64M	222.52M	229.74M	235.09M
Interest expenses
Interest Expense - Deposits	4.06M	4.04M	3.93M	3.89M	4.12M	5.14M	6.71M	7.83M	9.00M	12.16M	13.69M	16.69M	19.59M	23.09M	24.83M	24.07M	21.75M	12.71M	9.78M	7.51M	6.20M	5.82M	5.71M	5.59M	4.29M	8.48M	16.64M	33.52M	50.69M	73.20M	85.55M	96.66M	98.28M	99.15M	98.86M	89.83M	80.55M	84.24M	90.82M
Interest Expense - Debt	0.80M	0.82M	0.85M	0.80M	0.98M	1.18M	1.46M	1.58M	2.16M	1.84M	2.14M	1.69M	1.81M	1.69M	1.89M	1.78M	1.77M	1.79M	1.75M	1.66M	1.44M	1.45M	1.39M	1.39M	1.22M	1.77M	3.49M	4.93M	7.06M	6.82M	6.90M	6.43M	6.77M	6.40M	8.54M	8.17M	9.36M	9.71M	8.64M
Interest Expense - Fed Funds	0.10M	0.09M	0.09M	0.09M	0.23M	0.11M	0.17M	0.06M	0.38M	0.17M	0.23M	0.09M	0.33M	0.34M	0.39M	0.37M	0.35M	0.09M	0.08M	0.08M	0.09M	0.07M	0.08M	0.07M	0.09M	0.13M	0.42M	0.71M	1.30M	0.98M	0.80M	0.83M	1.03M	0.65M	0.70M	0.68M	0.81M	0.96M	0.65M
Interest Expenses	6.77M	6.74M	6.69M	6.63M	7.24M	8.37M	10.43M	11.58M	13.70M	16.30M	18.31M	20.77M	23.95M	27.36M	29.20M	28.24M	25.93M	16.23M	13.30M	10.91M	9.39M	9.01M	8.83M	8.72M	7.26M	12.48M	23.03M	42.03M	62.28M	83.53M	95.75M	106.93M	108.84M	107.81M	109.97M	100.27M	92.25M	96.72M	101.43M
Interest Income - Net	54.45M	55.96M	57.68M	58.37M	61.00M	63.10M	74.42M	78.77M	79.92M	84.57M	86.49M	87.88M	84.87M	85.28M	88.93M	97.58M	93.88M	93.02M	92.92M	102.31M	100.43M	104.26M	104.72M	101.27M	102.28M	128.66M	140.31M	148.96M	144.12M	137.84M	133.38M	130.06M	127.06M	128.57M	131.11M	134.37M	130.27M	133.01M	133.66M
Non-interest income
Interest Income - Total	53.91M	55.17M	55.78M	55.96M	58.61M	60.23M	72.34M	76.97M	77.42M	82.91M	85.09M	86.22M	83.67M	84.78M	88.33M	97.08M	74.12M	71.12M	80.38M	97.83M	100.43M	104.26M	104.72M	101.27M	102.28M	111.91M	140.31M	148.96M	144.12M	137.84M	131.38M	128.56M	125.06M	104.07M	126.11M	130.17M	126.07M	127.41M	129.37M
Financial Services Fees	5.06M	4.70M	4.78M	4.78M	4.86M	5.41M	5.34M	5.35M	5.42M	5.36M
Service Charges	4.14M	4.42M	4.67M	4.53M	4.17M	4.44M	5.04M	5.07M	4.78M	5.04M
Investment Gain (Loss)								1.13M	1.61M	1.12M	1.28M	0.25M	1.14M	1.84M	0.39M	1.04M	4.61M	3.07M	1.82M	2.40M	1.80M	1.76M	1.76M	0.36M	0.57M	0.09M	0.48M	0.06M	-1.57M	-1.39M	-1.65M	-2.32M	-0.00M	-0.05M	-9.11M	-11.59M	-0.01M	-0.00M
Investment Banking Income	1.46M	1.72M	1.99M	1.89M	1.27M	1.62M	2.32M	2.35M	1.82M	1.60M	1.84M	1.77M	1.29M	1.74M	2.23M	2.63M	3.36M	3.67M	5.84M	5.39M	3.99M	8.32M	3.96M	3.42M	2.20M	3.23M	2.54M	2.09M	2.40M	3.63M	5.52M	4.11M	3.25M	5.14M	6.76M	5.68M	5.02M	5.85M	4.98M
Income - Trust	2.49M	2.38M	2.45M	2.50M	2.64M	2.61M	3.00M	3.35M	3.42M	3.15M
Other Non-Interest Income	2.55M	2.03M	1.88M	0.97M	1.47M	1.35M	1.06M	1.15M	1.81M	3.73M	1.71M	0.73M	1.85M	1.56M	1.90M	1.30M	1.52M	1.47M	7.36M	1.32M	4.32M	1.72M	1.55M	5.21M	2.19M	2.92M	2.82M	2.29M	1.40M	2.74M	20.91M	3.71M	4.29M	40.90M	7.60M	2.59M	6.18M	4.25M	6.50M
Non-Interest Income	15.84M	16.39M	16.86M	16.12M	14.85M	18.43M	18.67M	19.06M	19.56M	18.19M	19.53M	19.18M	18.71M	21.61M	22.12M	24.25M	29.80M	26.48M	26.16M	27.48M	24.09M	30.88M	28.50M	25.85M	25.90M	28.28M	29.62M	24.15M	25.00M	26.32M	27.84M	26.44M	26.64M	31.33M	24.87M	42.74M	30.05M	31.30M	32.48M
Operating Items
Amortization - Intangibles	4.51M	4.58M	4.67M	4.86M	5.00M	5.09M	5.46M	5.83M	6.13M	6.25M	6.49M	6.64M	6.87M	7.45M	8.34M	8.99M	9.34M	10.02M	10.93M	12.06M	12.38M	13.07M	14.46M	15.41M	15.88M	17.21M	17.26M	17.03M	16.07M	14.28M	13.95M	13.82M	13.61M	13.61M	13.51M	12.75M	12.52M	12.52M	12.46M
Depreciation & Amortization - Total	3.24M	3.24M	2.95M	3.07M	2.81M	2.91M	3.48M	3.90M	3.67M	3.56M	3.48M	3.63M	3.64M	4.12M	4.03M	4.43M	4.34M	4.49M	4.96M	5.55M	5.03M	4.85M	4.53M	4.99M	5.08M	6.72M	6.00M	6.15M	6.13M	6.18M	5.70M	6.11M	6.23M	6.60M	6.95M	7.03M	7.01M	6.93M	7.00M
Research & Development	2.07M	2.02M	2.38M	2.67M	2.62M	3.09M	3.16M	3.38M	2.96M	3.46M	3.42M	3.37M	3.68M	3.93M	4.43M	4.43M	4.20M	2.62M	3.78M	3.84M	4.24M	4.70M	4.79M	4.58M	4.36M	4.88M	6.83M	5.61M	6.11M	6.60M	6.57M	5.88M	6.89M	7.07M	7.15M	6.03M	5.93M	7.11M	6.94M
Wages, Salaries and Other	27.34M	25.57M	26.65M	22.99M	25.73M	27.08M	33.24M	33.76M	32.23M	32.19M	32.94M	34.35M	33.03M	32.71M	38.94M	39.36M	39.24M	35.70M	39.19M	41.81M	38.81M	42.44M	43.31M	42.43M	42.52M	56.04M	56.00M	52.33M	57.46M	54.75M	55.57M	60.97M	58.29M	52.21M	55.22M	55.44M	54.98M	54.53M	57.32M
Rent Expense	4.02M	4.06M	4.35M	4.57M	4.22M	3.96M	4.37M	4.42M	4.67M	4.35M	4.59M	4.74M	5.03M	4.47M	4.78M	5.31M	5.80M	5.45M	5.86M	9.65M	6.49M	5.62M	5.58M	5.64M	6.19M	6.65M	6.74M	6.64M	7.26M	6.67M	6.84M	9.09M	7.31M	6.75M	6.99M	7.33M	7.22M	6.84M	7.06M
Other Operating Expenses	37.15M	35.51M	34.44M	31.62M	33.46M	37.36M	47.70M	44.73M	42.38M	42.14M	43.53M	46.01M	44.27M	45.07M	54.11M	51.03M	51.83M	47.44M	50.12M	53.49M	50.33M	54.13M	56.48M	57.22M	56.70M	79.06M	76.82M	71.30M	74.22M	73.13M	74.75M	87.03M	76.51M	71.00M	73.54M	75.90M	72.75M	72.72M	75.56M
Operating Expenses	46.48M	44.84M	44.12M	41.93M	43.10M	47.32M	58.71M	56.43M	53.69M	53.50M	55.02M	57.74M	56.62M	57.59M	67.35M	65.20M	66.17M	59.99M	64.71M	72.54M	66.10M	69.30M	71.38M	72.44M	72.33M	97.31M	96.38M	89.70M	93.72M	92.59M	93.85M	108.10M	96.94M	91.41M	94.63M	96.29M	92.90M	93.60M	96.56M
Operating Income							-54.69M	-52.73M	-49.79M	-49.94M	-50.62M	-53.33M	-52.60M	-54.90M	-62.58M	-60.38M	-61.63M	-55.98M	-60.11M	-68.05M	-60.80M	-62.91M	-65.71M	-67.20M	-65.73M	-91.04M	-91.56M	-85.36M	-87.17M	-85.88M	-88.25M	-103.06M	-89.93M	-84.36M	-87.94M	-90.21M	-85.61M	-86.76M	-89.76M
EBIT	30.04M	33.46M	35.22M	36.77M	37.60M	39.71M	-54.69M	-52.73M	-49.79M	-49.94M	-50.62M	-53.33M	-52.60M	-54.90M	-62.58M	-60.38M	-61.63M	-55.98M	-60.11M	-68.05M	-60.80M	-62.91M	-65.71M	-67.20M	-65.73M	-91.04M	-91.56M	-85.36M	-87.17M	-85.88M	-88.25M	-103.06M	-89.93M	-84.36M	-87.94M	-90.21M	-85.61M	-86.76M	-89.76M
Net income details
EBT	23.27M	26.72M	28.53M	30.14M	30.36M	31.34M	32.30M	39.59M	43.29M	47.59M	49.59M	47.66M	45.76M	48.80M	43.09M	56.13M	37.75M	37.62M	41.83M	52.78M	58.42M	65.85M	61.83M	54.68M	55.85M	42.87M	73.55M	83.41M	75.40M	71.56M	65.37M	46.90M	54.77M	43.99M	56.35M	76.62M	63.22M	65.12M	65.28M
Tax Provisions	5.57M	6.72M	7.47M	7.85M	7.17M	7.21M	7.94M	15.21M	6.61M	7.96M	8.48M	5.95M	6.94M	7.75M	6.34M	8.30M	3.49M	4.62M	5.62M	7.64M	8.95M	10.29M	9.06M	6.95M	7.27M	3.88M	9.79M	12.65M	11.32M	10.70M	9.01M	4.42M	6.83M	4.07M	7.16M	12.27M	7.88M	8.29M	8.52M
Profit After Tax	17.69M	20.01M	21.06M	22.29M	23.19M	24.14M	24.36M	24.38M	36.68M	39.63M	41.11M	41.71M	38.82M	41.06M	36.76M	47.83M	34.26M	32.99M	36.21M	45.13M	49.47M	55.56M	52.77M	47.73M	48.59M	38.99M	63.75M	70.76M	64.08M	60.86M	56.37M	42.48M	47.94M	39.92M	49.19M	64.35M	55.34M	56.83M	56.77M
Income from Continuing Operations	17.69M	20.01M	21.06M	22.29M	23.19M	24.14M	24.36M	24.38M	36.68M	39.63M	41.11M	41.71M	38.82M	41.06M	36.76M	47.83M	34.26M	32.99M	36.21M	45.13M	49.47M	55.56M	52.77M	47.73M	48.59M	38.99M	63.75M	70.76M	64.08M	60.86M	56.37M	42.48M	47.94M	39.92M	49.19M	64.35M	55.34M	56.83M	56.77M
Consolidated Net Income	17.69M	20.01M	21.06M	22.29M	23.19M	24.14M	24.36M	24.38M	36.68M	39.63M	41.11M	41.71M	38.82M	41.06M	36.76M	47.83M	34.26M	32.99M	36.21M	45.13M	49.47M	55.56M	52.77M	47.73M	48.59M	38.99M	63.75M	70.76M	64.08M	60.86M	56.37M	42.48M	47.94M	39.92M	49.19M	64.35M	55.34M	56.83M	56.77M
Income towards Parent Company	17.69M	20.01M	21.06M	22.29M	23.19M	24.14M	24.36M	24.38M	36.68M	39.63M	41.11M	41.71M	38.82M	41.06M	36.76M	47.83M	34.26M	32.99M	36.21M	45.13M	49.47M	55.56M	52.77M	47.73M	48.59M	38.99M	63.75M	70.76M	64.08M	60.86M	56.37M	42.48M	47.94M	39.92M	49.19M	64.35M	55.34M	56.83M	56.77M
Preferred Dividend Payments																										0.47M	0.47M	0.47M	0.47M	0.47M	0.47M	0.47M	0.47M	0.47M	0.47M	0.47M	0.47M	0.47M	0.47M
Net Income towards Common Stockholders	17.69M	20.01M	21.06M	22.29M	23.19M	24.14M	24.36M	24.38M	36.68M	39.63M	41.11M	41.71M	38.82M	41.06M	36.76M	47.83M	34.26M	32.99M	36.21M	45.13M	49.47M	55.56M	52.77M	47.73M	48.59M	38.52M	63.28M	70.29M	63.61M	60.39M	55.90M	42.01M	47.47M	39.46M	48.72M	63.88M	54.87M	56.36M	56.30M
Additional items
EPS (Basic)	0.43	0.50	0.51	0.55	0.57	0.57	0.50	0.49	0.75	0.80	0.83	0.85	0.79	0.83	0.71	0.87	0.63	0.62	0.67	0.83	0.92	1.03	0.98	0.89	0.91	0.64	1.08	1.20	1.07	1.02	0.95	0.70	0.80	0.68	0.84	1.10	0.95	0.98	0.98
EPS (Weighted Average and Diluted)	0.43	0.49	0.51	0.55	0.56	0.57	0.50	0.49	0.74	0.80	0.83	0.85	0.78	0.83	0.71	0.87	0.62	0.62	0.67	0.83	0.91	1.03	0.98	0.89	0.91	0.63	1.08	1.19	1.07	1.02	0.94	0.70	0.80	0.68	0.84	1.10	0.94	0.98	0.98
Shares Outstanding (Weighted Average)	40.67M	40.75M	40.77M	40.81M	41.25M	41.05M	49.12M	49.14M	49.54M	49.52M	49.56M	49.66M	49.70M	49.67M	49.70M	55.70M	55.16M	54.12M	54.12M	54.26M	54.35M	54.37M	54.16M	53.92M	53.82M	59.46M	59.49M	59.56M	59.64M	59.68M	59.73M	59.85M	59.34M	58.59M	58.51M	58.67M	58.54M	58.31M	57.73M
Shares Outstanding (Diluted Average)	40.92M	40.97M	41.03M	41.01M	41.22M	42.24M	48.64M	45.40M	49.43M	49.45M	49.49M	49.47M	49.54M	49.55M	51.57M	55.52M	54.92M	54.43M	54.28M	54.22M	54.13M	54.18M	54.09M		53.62M	59.31M	59.34M	57.95M	59.44M	59.45M	59.50M	59.49M	59.27M	58.80M	58.63M	58.53M	58.24M	58.01M	57.82M
EBITDA	33.28M	36.71M	38.17M	39.84M	40.40M	42.62M	-51.21M	-48.83M	-46.13M	-46.38M	-47.14M	-49.70M	-48.96M	-50.78M	-58.55M	-55.95M	-57.28M	-51.49M	-55.15M	-62.49M	-55.77M	-58.06M	-61.18M	-62.20M	-60.65M	-84.32M	-85.56M	-79.21M	-81.04M	-79.70M	-82.55M	-96.95M	-83.71M	-77.76M	-80.99M	-83.18M	-78.60M	-79.84M	-82.76M
Tax Rate	23.96%	25.13%	26.18%	26.04%	23.61%	22.99%	24.58%	38.42%	15.27%	16.73%	17.10%	12.48%	15.17%	15.88%	14.71%	14.78%	9.24%	12.29%	13.44%	14.48%	15.32%	15.63%	14.66%	12.71%	13.01%	9.05%	13.32%	15.16%	15.01%	14.95%	13.78%	9.43%	12.46%	9.24%	12.71%	16.02%	12.46%	12.73%	13.05%

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First Merchants Income Statement (2016-2025) | FRME

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