Company research
FIRST MERCHANTS CORP
CIK 712534Updated Nov 2, 2026
FRME price & chart
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NASDAQ:FRME on TradingView ↗About the company
First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Quotations are carried in daily newspapers and can be found on the company’s Internet web page (http://www.firstmerchants.com).
In the news
First Merchants Corporation to Report Third Quarter 2026 Financial Results, Host Conference Call and Webcast ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
13F-HR filing
Other Events
Items 8.01, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Other Events
Items 5.02, 8.01, 9.01
Show 5 more recent filings
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
424B5 filing
Entry into a Material Definitive Agreement · Other Events
Items 1.01, 8.01, 9.01
FWP - filed by FIRST MERCHANTS CORP regarding FIRST MERCHANTS CORP
305B2 filing
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q3 2023 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 18,811,629,000Source | 18,347,552,000Source | 17,996,648,000Source | 18,592,777,000Source | 18,303,423,000Source | 21,072,521,000Source | 18,439,787,000Source | 18,317,803,000Source | 19,025,101,000Source | 18,311,969,000Source | 18,405,887,000Source | 17,938,306,000Source |
| Property, Plant and Equipment, NetUSD | 121,771,000Source | 129,582,000Source | 132,441,000Source | 122,808,000Source | 133,245,000Source | 146,013,000Source | 128,749,000Source | 132,706,000Source | 121,058,000Source | 129,743,000Source | 133,896,000Source | 117,118,000Source |
| GoodwillUSD | 712,002,000Source | 712,002,000Source | 712,002,000Source | 712,002,000Source | 712,002,000Source | 782,789,000Source | 712,002,000Source | 712,002,000Source | 712,002,000Source | 712,002,000Source | 712,002,000Source | 712,002,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 15,298,000Source | 21,599,000Source | 29,281,000Source | 16,797,000Source | 23,371,000Source | 41,678,000Source | 18,302,000Source | 25,142,000Source | 13,800,000Source | 19,828,000Source | 27,099,000Source | 35,842,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | — | — | — | — | — | — | 17,420,000Source | 21,085,000Source | 18,912,000Source | 23,619,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 16,399,227,000Source | 16,045,179,000Source | 15,904,004,000Source | 16,244,825,000Source | 16,090,898,000Source | 18,399,956,000Source | 16,107,573,000Source | 16,093,000,000Source | 16,558,434,000Source | 16,006,986,000Source | 16,158,174,000Source | 15,903,536,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 7,149,000Source | 7,265,000Source | 7,425,000Source | 7,159,000Source | 7,256,000Source | 7,813,000Source | 7,226,000Source | 7,321,000Source | 7,119,000Source | 7,247,000Source | 7,428,000Source | 7,396,000Source |
| Additional Paid in CapitalUSD | 1,158,026,000Source | 1,192,683,000Source | 1,234,402,000Source | 1,163,170,000Source | 1,191,193,000Source | 1,369,879,000Source | 1,183,263,000Source | 1,208,447,000Source | 1,150,816,000Source | 1,188,768,000Source | 1,236,506,000Source | 1,228,626,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,377,966,000Source | 1,229,125,000Source | 1,132,962,000Source | 1,342,473,000Source | 1,200,930,000Source | 1,418,609,000Source | 1,306,911,000Source | 1,181,939,000Source | 1,413,742,000Source | 1,272,528,000Source | 1,154,624,000Source | 1,012,774,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -155,864,000Source | -151,825,000Source | -307,270,000Source | -189,975,000Source | -211,979,000Source | -148,861,000Source | -190,311,000Source | -198,029,000Source | -130,135,000Source | -188,685,000Source | -175,970,000Source | -239,151,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,412,402,000Source | 2,302,373,000Source | 2,092,644,000Source | 2,347,952,000Source | 2,212,525,000Source | 2,672,565,000Source | 2,332,214,000Source | 2,224,803,000Source | 2,466,667,000Source | 2,304,983,000Source | 2,247,713,000Source | 2,034,770,000Source |
| Liabilities and EquityUSD | 18,811,629,000Source | 18,347,552,000Source | 17,996,648,000Source | 18,592,777,000Source | 18,303,423,000Source | 21,072,521,000Source | 18,439,787,000Source | 18,317,803,000Source | 19,025,101,000Source | 18,311,969,000Source | 18,405,887,000Source | 17,938,306,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation and amortization | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 1,683,000Source | 1,595,000Source | 7,333,000Source | 5,818,000Source | 5,158,000Source | 4,652,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 3,978,000Source | -652,000Source | 2,219,000Source | 1,624,000Source | 6,599,000Source | 9,065,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 58,591,000Source | 61,700,000Source | 283,646,000Source | 266,210,000Source | 258,833,000Source | 268,045,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | 368,073,000Source | -160,418,000Source | -773,823,000Source | -252,424,000Source | -344,425,000Source | -446,441,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | 5,608,000Source | 4,024,000Source | 13,828,000Source | 13,668,000Source | 33,905,000Source | 12,920,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 24,915,000Source | 7,905,000Source | 46,890,000Source | 56,168,000Source | 0Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -412,739,000Source | 97,215,000Source | 486,719,000Source | -38,819,000Source | 75,647,000Source | 133,844,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 22,820,000Source | 20,487,000Source | 82,912,000Source | 81,623,000Source | 80,061,000Source | 72,748,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 13,925,000Source | -1,503,000Source | -3,458,000Source | -25,033,000Source | -9,945,000Source | -44,552,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 88,079,000Source | 84,719,000Source | 81,567,000Source | 105,372,000Source | 98,083,000Source | 86,113,000Source | 84,158,000Source | 87,616,000Source | 112,649,000Source | 122,594,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 96,611,000Source | 95,046,000Source | 386,646,000Source | 429,702,000Source | 337,104,000Source | 80,035,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 3,260,000Source | -1,296,000Source | 20,746,000Source | 7,627,000Source | 34,838,000Source | 13,819,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 1,754,000Source | 1,437,000Source | 1,567,000Source | 1,351,000Source | 1,683,000Source | 1,595,000Source | 7,333,000Source | 5,818,000Source | 5,158,000Source | 4,652,000Source |
| Amortization of Intangible AssetsUSD | — | — | 1,499,000Source | 1,772,000Source | 1,505,000Source | 1,771,000Source | 2,302,000Source | 1,526,000Source | 6,028,000Source | 7,271,000Source | 8,743,000Source | 8,275,000Source |
| Bank Owned Life Insurance IncomeUSD | — | — | 1,667,000Source | 2,755,000Source | 1,913,000Source | 1,929,000Source | 3,446,000Source | 2,179,000Source | 7,613,000Source | 5,655,000Source | 5,320,000Source | 5,210,000Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | — | — | 0Source | -9,114,000Source | -1,000Source | -49,000Source | 0Source | -7,000Source | -8,000Source | -20,757,000Source | -6,930,000Source | 1,194,000Source |
| Equipment ExpenseUSD | — | — | 6,998,000Source | 6,949,000Source | 6,927,000Source | 6,599,000Source | 7,818,000Source | 7,008,000Source | 28,614,000Source | 26,802,000Source | 24,113,000Source | 23,945,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | — | — | — | — | — | — | — | — | 21,300,000Source | — | — | — |
| Gain (Loss) on Disposition of BusinessUSD | — | — | — | — | — | — | — | — | 0Source | 19,983,000Source | — | — |
| Gain (Loss) on Sales of Loans, NetUSD | — | — | 4,983,000Source | 6,764,000Source | 5,849,000Source | 5,141,000Source | 6,511,000Source | 5,022,000Source | 21,275,000Source | 20,840,000Source | 15,659,000Source | 10,055,000Source |
| GoodwillUSD | — | — | 712,002,000Source | 712,002,000Source | 712,002,000Source | 712,002,000Source | 782,789,000Source | 712,002,000Source | 712,002,000Source | 712,002,000Source | 712,002,000Source | 712,002,000Source |
| Income Tax Expense (Benefit)USD | — | — | 8,516,000Source | 7,160,000Source | 8,287,000Source | 4,067,000Source | -1,069,000Source | 7,877,000Source | 33,113,000Source | 30,326,000Source | 35,446,000Source | 33,585,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 56,765,000Source | 49,187,000Source | 56,832,000Source | 39,925,000Source | 28,156,000Source | 55,339,000Source | 226,001,000Source | 201,402,000Source | 223,786,000Source | 222,089,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 56,297,000Source | 48,719,000Source | 56,363,000Source | 39,456,000Source | 27,687,000Source | 54,870,000Source | 224,126,000Source | 199,527,000Source | 221,911,000Source | 220,683,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | — | — | — | — | — | — | 10,757,000Source | 10,535,000Source | 65,575,000Source | 51,424,000Source | 56,182,000Source | 201,846,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | 465,000Source | 126,000Source | 454,000Source | 900,000Source | 1,110,000Source | 358,000Source |
| Provision for Loan, Lease, and Other LossesUSD | — | — | 4,300,000Source | 5,000,000Source | 5,600,000Source | 24,500,000Source | 4,900,000Source | 4,200,000Source | 21,250,000Source | 35,700,000Source | 3,500,000Source | 16,755,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | — | — | 4,300,000Source | 5,000,000Source | 5,600,000Source | 24,500,000Source | 4,900,000Source | 4,200,000Source | 21,250,000Source | 37,200,000Source | 7,300,000Source | 0Source |
| Gain (Loss) on Sale of Mortgage Loans | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 65,281,000Source | 56,347,000Source | 65,119,000Source | 43,992,000Source | 27,087,000Source | 63,216,000Source | 259,114,000Source | 231,728,000Source | 259,232,000Source | 255,674,000Source |
| Income Tax Expense (Benefit)USD | — | — | 8,516,000Source | 7,160,000Source | 8,287,000Source | 4,067,000Source | -1,069,000Source | 7,877,000Source | 33,113,000Source | 30,326,000Source | 35,446,000Source | 33,585,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 56,765,000Source | 49,187,000Source | 56,832,000Source | 39,925,000Source | 28,156,000Source | 55,339,000Source | 226,001,000Source | 201,402,000Source | 223,786,000Source | 222,089,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.98Source | 0.84Source | 0.98Source | 0.68Source | 0.46Source | 0.95Source | 3.9Source | 3.42Source | 3.74Source | 3.83Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.98Source | 0.84Source | 0.98Source | 0.68Source | 0.45Source | 0.94Source | 3.88Source | 3.41Source | 3.73Source | 3.81Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 57,186,148Source | 58,074,361Source | 57,501,593Source | 58,104,021Source | 60,731,479Source | 57,969,053Source | 57,456,772Source | 58,312,575Source | 59,304,879Source | 57,692,018Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 57,447,801Source | 58,289,489Source | 57,772,580Source | 58,328,265Source | 61,007,804Source | 58,242,232Source | 57,726,209Source | 58,532,565Source | 59,488,520Source | 57,950,257Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 1,499,000Source | 1,772,000Source | 1,505,000Source | 1,771,000Source | 2,302,000Source | 1,526,000Source | 6,028,000Source | 7,271,000Source | 8,743,000Source | 8,275,000Source |
| Bank Owned Life Insurance IncomeUSD | — | — | 1,667,000Source | 2,755,000Source | 1,913,000Source | 1,929,000Source | 3,446,000Source | 2,179,000Source | 7,613,000Source | 5,655,000Source | 5,320,000Source | 5,210,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | — | — | — | 8,995,000Source | 7,840,000Source | 29,423,000Source | 26,849,000Source | 11,711,000Source | 11,815,000Source |
| Equipment ExpenseUSD | — | — | 6,998,000Source | 6,949,000Source | 6,927,000Source | 6,599,000Source | 7,818,000Source | 7,008,000Source | 28,614,000Source | 26,802,000Source | 24,113,000Source | 23,945,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | — | — | — | — | — | — | — | — | 21,300,000Source | — | — | — |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 348,486,000Source | 84,803,000Source |
| Interest Expense, DebtUSD | — | — | — | — | — | — | — | — | — | — | 10,316,000Source | 8,009,000Source |
| InterestExpenseOperatingUSD | — | — | 101,430,000Source | 109,973,000Source | 96,721,000Source | 107,810,000Source | 97,266,000Source | 92,248,000Source | 388,779,000Source | 426,892,000Source | — | — |
| Interest Expense, Securities Sold under Agreements to RepurchaseUSD | — | — | 654,000Source | 700,000Source | 663,000Source | 645,000Source | 332,000Source | 742,000Source | 2,464,000Source | 3,057,000Source | 3,451,000Source | 1,136,000Source |
| Interest Income (Expense), NetUSD | — | — | 133,665,000Source | 131,110,000Source | 133,014,000Source | 128,571,000Source | 151,303,000Source | 130,270,000Source | 536,013,000Source | 521,114,000Source | 545,400,000Source | 520,203,000Source |
| Labor and Related ExpenseUSD | — | — | 57,317,000Source | 55,223,000Source | 54,527,000Source | 52,214,000Source | 69,443,000Source | 54,982,000Source | 225,080,000Source | 221,167,000Source | 228,745,000Source | 206,893,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 56,297,000Source | 48,719,000Source | 56,363,000Source | 39,456,000Source | 27,687,000Source | 54,870,000Source | 224,126,000Source | 199,527,000Source | 221,911,000Source | 220,683,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | — | 468,000Source | 468,000Source | 469,000Source | 469,000Source | 469,000Source | 469,000Source | 1,875,000Source | 1,875,000Source | 1,875,000Source | 1,406,000Source |
Offerings
Registration 333-298983
Registration 333-290839
Filing attachments
a3q26earningsreleaseex991.htm · 8-K · 2026-10-21
N / E / W / S R / E / L / E / A / S / E October 21, 2026 FOR IMMEDIATE RELEASE For more information, contact: Nicole M. Weaver, First Vice President and Director of Corporate Administration 765-521-7619 http://www.firstmerchants.com SOURCE: First Merchants Corporation, Muncie, Indiana FIRST MERCHANTS CORPORATION ANNOUNCES THIRD QUARTER 2026 RESULTS First Merchants Corporation (NASDAQ - FRME) (the "Corporation" or "First Merchants") Third Quarter 2026 Highlights: • Net income available…
Read attachment ↗d154643dex41.htm · 8-K · 2026-09-25
Exhibit 4.1 FIRST MERCHANTS CORPORATION, AS ISSUER AND U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE INDENTURE DATED AS OF SEPTEMBER 25, 2026 SUBORDINATED DEBT SECURITIES CROSS-REFERENCE TABLE Reconciliation and tie between the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”), and the Indenture dated as of September 25, 2026. SECTION OF TRUST INDENTURE ACT SECTION OF INDENTURE 310(a)(1) and (2) 7.09 310(a)(3) and (4) …
Read attachment ↗d154643dex42.htm · 8-K · 2026-09-25
Exhibit 4.2 FIRST MERCHANTS CORPORATION, as Issuer and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee FIRST SUPPLEMENTAL INDENTURE Dated as of September 25, 2026 to INDENTURE Dated as of September 25, 2026 6.750% Fixed-to-Floating Rate Subordinated Notes Due 2036 TABLE OF CONTENTS Page ARTICLE 1 DEFINITIONS …
Read attachment ↗d172960dex991.htm · 8-K · 2026-09-24
Exhibit 99.1 N / E / W / S R / E / L / E / A / S / E September 23, 2026 FOR IMMEDIATE RELEASE For more information, contact: First Merchants Corporation Nicole M. Weaver, First Vice President and Director of Corporate Administration 765-521-7619 http://www.firstmerchants.com SOURCE: First Merchants Corporation, Muncie, Indiana FIRST MERCHANTS CORPORATION ANNOUNCES PRICING OF SUBORDINATED NOTES OFFERING MUNCIE, IN., September 23, 2026 - First Merchants Corporation (Nasdaq: FRME) (the …
Read attachment ↗d175664dex45.htm · S-3ASR · 2026-09-17
Exhibit 4.5 FIRST MERCHANTS CORPORATION, AS ISSUER AND [•], AS TRUSTEE INDENTURE DATED AS OF [•] SENIOR DEBT SECURITIES CROSS-REFERENCE TABLE Reconciliation and tie between the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”), and the Indenture dated as of [•]. SECTION OF TRUST INDENTURE ACT SECTION OF INDENTURE 310(a)(1) and (2) 7.09 310(a)(3) and (4) Not applicable 310(a)(5) 7.09 310(b) …
Read attachment ↗d175664dex47.htm · S-3ASR · 2026-09-17
Exhibit 4.7 FIRST MERCHANTS CORPORATION, AS ISSUER AND [•], AS TRUSTEE INDENTURE DATED AS OF [•] SUBORDINATED DEBT SECURITIES CROSS-REFERENCE TABLE Reconciliation and tie between the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”), and the Indenture dated as of [•]. SECTION OF TRUST INDENTURE ACT SECTION OF INDENTURE 310(a)(1) and (2) 7.09 310(a)(3) and (4) Not applicable 310(a)(5) 7.09 31…
Read attachment ↗