First Merchants (FRME) earnings

FIRST MERCHANTS CORP· Financials

Results to: Mar 2026
Latest analysed call: Sep 2026 (Q3 FY26)
Balance sheet to: Dec 2025

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First Merchants earnings: last reported Thu, 22 Oct 2026, for the quarter ended Sep 2026.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	Unavailable	—	Quarterly, as filed	Quarter to Mar 2026	Not in the filed figures for the quarter to mar 2026. No older figure is substituted.
Operating margin	Unavailable	—	Operating profit / revenue	Quarter to Mar 2026	Not in the filed figures for the quarter to mar 2026. No older figure is substituted.
Net profit	28.2 $ million	−49.1% YoY	Quarterly, as filed	Quarter to Mar 2026	Profit after tax as filed.

Source: Inve data from filed results (SEC filings) · to Mar 2026

Price

$40.68 −0.37% · −$0.15

Last close Oct 23, 2026 · US · USD · Source: Inve

Performance +11.1% 1Y

1Y: $36.61 on 22 Oct 2025 → $40.68. High $45.23 (16 Jul 2026), low $34.99 (17 Nov 2025).

Previous close: $40.83
52-week range: $34.99 – $45.23
One year: +11.70%

Overview

Symbol: FRME
Sector: Financials
Exchange: US
Currency: USD

Financials

What the filings say

Net profit, year on year: −49% (quarter to mar 2026 against mar 2025).

In $ million. Oldest period first.

Line item	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Profit before tax	44	56	77	63	65	65	65	27
Tax rate	9.2%	12.7%	16.0%	12.5%	12.7%	13.1%	12.9%	−4.0%
Net profit	40	49	64	55	57	57	57	28
EPS ($ per share)	0.68	0.84	—	0.95	0.98	0.98	—	0.46

Source: Inve data · income statement, quarterly · to Mar 2026

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Equity capital	6	7	7	7	7	7	7	7
Reserves	583	697	789	865	1,013	1,155	1,273	1,414
Total liabilities	8,476	10,671	12,192	13,541	15,967	16,158	16,007	16,558
Fixed assets	93	113	111	106	117	134	130	121
Total assets	9,885	12,457	14,067	15,453	18,002	18,406	18,312	19,025

Source: Inve data · balance sheet · to Dec 2025

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from operations	180	177	204	215	284	259	266	284
Cash from investing	-576	-1,006	-1,552	-1,477	-463	-344	-252	-774
Cash from financing	380	868	1,364	1,236	134	76	-39	487
Net cash flow	-16	38	16	-26	-45	-10	-25	-3

Source: Inve data · cash flow · to Dec 2025

FRME operating KPIs by quarter

FRME operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Jun 2026 Q2 FY26	Sep 2026 Q3 FY26	Change vs prior quarter
Branches	126 We now operate 126 banking centers, reflecting the addition of Southern Indiana following the first savings acquisition. Source: earnings call transcript	126 We operate 126 banking centers across Indiana, Michigan and Ohio. Source: earnings call transcript	0%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Insider filings

80 filings between Nov 4, 2025 and Sep 30, 2026.

Open market

decisions to buy or sell

Purchases

None

No insider bought shares.

Sales

$1.73M

8 sales by 3 insiders

Compensation

not trading decisions

53: Award — granted as compensation
3: Option exercise — converted options into shares
14: Tax withheld — shares kept back by the company to cover tax

Also filed: 2 gifts.

Who traded

open market only

Insider	Bought	Sold	Last filing
Myers Larry W	—	$1.04M	Jun 12, 2026
FLUHLER STEPHAN	—	$553.1K	Aug 19, 2026
Scurlock Eva D.	—	$136.5K	Feb 6, 2026

Latest filings (50)

Date	Insider	What	Shares	Value
Sep 30, 2026	Johnson Kevin D Director	Award	549	$21.8K
Sep 30, 2026	Myers Larry W Director	Award	569	$22.6K
Sep 30, 2026	RECHIN MICHAEL C Director	Award	608	$24.2K
Sep 30, 2026	FISHER MICHAEL J Director	Award	549	$21.8K
Sep 30, 2026	Becher Michael R Director	Award	608	$24.2K
Sep 30, 2026	Sondhi Jason R Director	Award	589	$23.4K
Sep 30, 2026	WOJTOWICZ JEAN L Director	Award	785	$31.2K
Sep 30, 2026	KELLOGG CLARK C Director	Award	569	$22.6K
Sep 30, 2026	Fultz Paul G Director	Award	569	$22.6K
Sep 30, 2026	Brooks Susan W Director	Award	569	$22.6K
Sep 30, 2026	Halderman Howard Director	Award	589	$23.4K
Aug 19, 2026	FLUHLER STEPHAN Chief Information Officer	Sale	4,080	$176.3K
Aug 3, 2026	Scurlock Eva D. Chief Risk Officer	Award	4,000	$174.5K
Aug 3, 2026	Harris Steven C Chief Human Resources Officer	Award	3,000	$130.9K
Aug 3, 2026	Stewart Michael J President	Award	16,000	$698.1K
Aug 3, 2026	Kawiecki Michele Chief Financial Officer	Award	13,000	$567.2K
Aug 3, 2026	FLUHLER STEPHAN Chief Information Officer	Award	5,000	$218.2K
Aug 3, 2026	HARDWICK MARK K Chief Executive Officer	Award	21,000	$916.2K
Aug 3, 2026	MARTIN JOHN Chief Credit Officer	Award	8,000	$349.0K
Aug 3, 2026	Peterson Joseph C Chief Commercial Officer	Award	8,000	$349.0K
Aug 2, 2026	Scurlock Eva D. Chief Risk Officer	Tax withheld	224	$9.7K
Aug 2, 2026	Harris Steven C Chief Human Resources Officer	Tax withheld	612	$26.4K
Aug 2, 2026	Kawiecki Michele Chief Financial Officer	Tax withheld	2,910	$125.5K
Aug 2, 2026	Stewart Michael J President	Tax withheld	6,059	$261.4K
Aug 2, 2026	FLUHLER STEPHAN Chief Information Officer	Tax withheld	1,532	$66.1K
Aug 2, 2026	Peterson Joseph C Chief Commercial Officer	Tax withheld	919	$39.6K
Aug 2, 2026	MARTIN JOHN Chief Credit Officer	Tax withheld	1,761	$76.0K
Aug 2, 2026	HARDWICK MARK K Chief Executive Officer	Tax withheld	5,821	$251.1K
Jun 30, 2026	Myers Larry W Director	Award	518	$22.6K
Jun 30, 2026	Chiang Mung Director	Award	500	$21.8K
Jun 30, 2026	Becher Michael R Director	Award	554	$24.2K
Jun 30, 2026	Halderman Howard Director	Award	536	$23.4K
Jun 30, 2026	RECHIN MICHAEL C Director	Award	554	$24.2K
Jun 30, 2026	WOJTOWICZ JEAN L Director	Award	715	$31.2K
Jun 30, 2026	Fultz Paul G Director	Award	518	$22.6K
Jun 30, 2026	Johnson Kevin D Director	Award	500	$21.8K
Jun 30, 2026	Sondhi Jason R Director	Award	536	$23.4K
Jun 30, 2026	Brooks Susan W Director	Award	518	$22.6K
Jun 30, 2026	KELLOGG CLARK C Director	Award	518	$22.6K
Jun 30, 2026	FISHER MICHAEL J Director	Award	500	$21.8K
Jun 12, 2026	Myers Larry W Director	Sale	10,000	$420.0K
Jun 11, 2026	Myers Larry W Director	Sale	10,000	$415.0K
May 5, 2026	Myers Larry W First Vice President	Sale	0	$16
Mar 31, 2026	KELLOGG CLARK C Director	Award	584	$22.6K
Mar 31, 2026	WOJTOWICZ JEAN L Director	Award	806	$31.2K
Mar 31, 2026	Chiang Mung Director	Award	584	$22.6K
Mar 31, 2026	Johnson Kevin D Director	Award	564	$21.8K
Mar 31, 2026	Sondhi Jason R Director	Award	605	$23.4K
Mar 31, 2026	Brooks Susan W Director	Award	584	$22.6K
Mar 31, 2026	FISHER MICHAEL J Director	Award	564	$21.8K

Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.

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