First Merchants Corporation (FRME) — Financial statements
Income statement, balance sheet, and cash flow for First Merchants Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,050↓0.3% | 1,054↑5.4% | 999↑40.2% | 713↑28.2% | 556 | |
| Cost of Revenue | 410↓11.4% | 463↑31.4% | 352↑246.6% | 102↑182.5% | 36 | |
| Gross Profit | 640↑8.3% | 591↓8.7% | 648↑5.9% | 611↑17.6% | 520 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 282↑19.4% | 236↓3.0% | 243↑12.1% | 217↑25.3% | 173 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 7↓0.5% | 7↓3.6% | 8↑33.8% | 6 | |
| SG&A Expenses | 282↑15.8% | 244↓2.9% | 251↑11.6% | 225↑25.6% | 179 | |
| Other Expenses | 99↓14.5% | 116↓15.8% | 137↑5.0% | 131↑30.6% | 100 | |
| Operating Expenses | 381↑6.1% | 359↓7.5% | 388↑9.2% | 356↑27.4% | 279 | |
| Total Costs & Expenses | 791↓3.7% | 822↑11.0% | 740↑61.9% | 457↑45.1% | 315 | |
| Operating Results | ||||||
| Operating Income | 259↑11.8% | 232↓10.6% | 259↑1.4% | 256↑6.2% | 241 | |
| Depreciation & Amortization | 29↑9.6% | 27↑129.3% | 12↓0.9% | 12↑10.4% | 11 | |
| EBITDA | 289↑11.6% | 259↓4.6% | 271↑1.3% | 267↑6.4% | 251 | |
| EBIT | 259↑11.8% | 232↓10.6% | 259↑1.4% | 256↑6.2% | 241 | |
| Interest & Other Income | ||||||
| Net Interest Income | 536↑2.9% | 521↓4.5% | 545↑4.8% | 520↑26.7% | 411 | |
| Interest Income | 925↓2.4% | 948↑6.1% | 894↑47.7% | 605↑35.5% | 447 | |
| Interest Expense | 389↓8.9% | 427↑22.5% | 348↑310.9% | 85↑135.9% | 36 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 259↑11.8% | 232↓10.6% | 259↑1.4% | 256↑6.2% | 241 | |
| Income Tax Expense | 33↑9.2% | 30↓14.4% | 35↑5.5% | 34↓4.7% | 35 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 226↑12.2% | 201↓10.0% | 224↑0.8% | 222↑8.1% | 206 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 226↑12.2% | 201↓10.0% | 224↑0.8% | 222↑8.1% | 206 | |
| Bottom-Line Net Income | 224↑12.3% | 200↓10.1% | 222↑0.6% | 221↑7.4% | 206 | |
| EPS (Basic) | 3.90↑14.0% | 3.42↓8.6% | 3.74↓2.3% | 3.83↑0.3% | 3.82 | |
| EPS (Diluted) | 3.88↑13.8% | 3.41↓8.6% | 3.73↓2.1% | 3.81↑0.0% | 3.81 | |
| Weighted Average Shares | 58↓1.0% | 58↓1.7% | 59↑2.8% | 58↑7.3% | 54 | |
| Weighted Average Diluted Shares | 58↓1.4% | 59↓1.6% | 59↑2.7% | 58↑7.3% | 54 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.