First Merchants Corp income statement

In fiscal 2025, First Merchants Corp reported revenue of $663m, up 2.5% on the year before and net income of $226m, or $3.88 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

First Merchants Corp: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	205	192	192	217	210	249	266	292	348	415	443	492	520	628	651	647	663	724
Interest expense	77	56	38	24	17	22	25	27	38	69	109	66	36	85	348	—	—	—
Net interest income	153	144	143	152	154	187	196	226	277	339	357	382	411	520	545	521	536	610
Non-interest income	51	49	49	64	56	62	70	65	71	76	87	110	109	108	106	126	127	114
Non-interest expense	152	142	136	137	143	164	175	177	206	220	247	263	279	356	388	379	383	456
Provision for credit losses	122	46	23	19	7	3	0	6	9	7	3	59	0	17	4	36	21	48
Income before tax	−69	3	34	61	60	82	91	109	134	188	194	170	241	256	259	232	259	220
Income tax	−28	−4	9	16	16	22	26	28	38	29	29	21	35	34	35	30	33	22
Net income	−41	7	25	45	45	60	65	81	96	159	164	149	206	222	224	201	226	198
Diluted EPS	−$2.17	$0.48	$0.34	$1.41	$1.41	$1.65	$1.72	$1.98	$2.12	$3.22	$3.19	$2.74	$3.81	$3.81	$3.73	$3.41	$3.88	$3.25
Diluted shares (average)	—	25m	27m	29m	30m	37m	38m	41m	45m	49m	52m	54m	54m	58m	59m	59m	58m	61m

US$ millions unless shown otherwise. Fiscal quarters.

First Merchants Corp: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	177	160	164	166	172	157	196	199
Net interest income	134	130	133	134	139	151	159	161
Non-interest income	43	30	31	32	33	6	37	38
Non-interest expense	96	93	94	97	100	125	115	116
Provision for credit losses	4	4	6	4	7	5	33	3
Income before tax	77	63	65	65	65	27	48	80
Income tax	12	8	8	9	8	−1	4	11
Net income	64	55	57	57	57	28	44	68
Diluted EPS	$1.10	$0.94	$0.98	$0.98	$0.98	$0.45	$0.70	$1.09

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from First Merchants Corp's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to First Merchants Corp.