For Q1 FY2026 ended March 31, 2026, First Merchants reported net income of $28.2 million, a decline of 49.1% year-over-year. Diluted EPS was $0.45, down 52.1% from the prior year. Total equity stood at $2.67 billion.
•Net income fell 49.1% YoY to $28.2 million.
•Diluted EPS decreased 52.1% to $0.45.
•Total equity was $2.67 billion at quarter end.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
First Merchants is the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products.
Its portfolio also includes debit and credit cards, and mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products Personal and commercial wealth management services, brokerage, investment management, private banking, fiduciary estate, and financial planning services.
The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. Founded in 1893, First Merchants is headquartered in Muncie, Indiana.
First Merchants Corporation is the financial holding company for First Merchants Bank, offering a wide range of commercial and consumer banking services. The company provides checking, savings, and deposit products, along with debit and credit cards. It also specializes in mortgages, refinancing, construction or renovation of residential properties, and agricultural lending. Additionally, First Merchants offers treasury management services, depository products, and personal and commercial wealth management services, including brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company serves its customers through electronic and mobile delivery channels.
On which stock exchange is First Merchants Corporation (FRME) listed and in what currency?
First Merchants Corporation is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol FRME. The company's shares are traded in US Dollars (USD), reflecting its headquarters and primary operations in the United States.
What sector and industry does First Merchants Corporation (FRME) operate in?
First Merchants Corporation operates in the Financial Services sector, specifically within the Banks - Regional industry. As a regional bank, it focuses on providing banking and financial services to individuals and businesses in its local markets, primarily in Indiana, Ohio, and Michigan.
Where is First Merchants Corporation (FRME) headquartered and what markets does it serve?
First Merchants Corporation is headquartered in Muncie, Indiana, and was founded in 1893. The company operates banking locations across Indiana, Ohio, and Michigan counties, serving customers in these regions. It offers its services through physical branches as well as electronic and mobile delivery channels, ensuring accessibility for its clientele.
How does First Merchants Corporation (FRME) generate revenue?
First Merchants Corporation generates revenue primarily through its banking operations, including interest income from loans such as mortgages, agricultural lending, and commercial loans, as well as fees from deposit accounts and treasury management services. Additionally, the company earns revenue from wealth management services, including brokerage, investment management, private banking, and fiduciary estate services. Its diversified portfolio of financial products and services allows it to capture income from both lending and fee-based activities across its regional markets in Indiana, Ohio, and Michigan.