Sunday 25 October 2026 Export FRME’s income statement to Excel — free account

First Merchants Corporation

First Merchants Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, down 2.04% from fiscal 2024. In the quarter to June 2026, revenue grew 14.2%, EPS fell 28.6%, free cash flow grew 64.0% and total debt rose 56.1%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

40.68 0.15 −0.37%

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Market cap: $2.6B
P/E: 13.0×
Fwd P/E: 12.6×
Dividend yield: 3.59%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
P/E ratio Full definition →	+8 more quarters Free account	9.40	9.61	11.36	13.96
P/S ratio Full definition →		2.04	2.05	2.23	2.50
P/FCF ratio Full definition →		7.97	7.59	8.38	8.64
P/Operating CF Full definition →		24.62	26.68	40.14	30.91
P/B ratio Full definition →		0.90	0.88	0.89	1.02
Price to Tangible BV Full definition →		1.30	1.26	1.29	1.48
EV/Sales Full definition →		2.60	2.60	3.29	3.31
EV/EBITDA Full definition →		0.00	0.00	0.00	0.00
EV/Operating CF Full definition →		10.19	9.62	12.35	11.45
EV/FCF Full definition →		10.19	9.62	12.35	11.45
Quick Ratio Full definition →		0.02	0.02	0.02	0.04
Current Ratio Full definition →		0.91	0.91	0.94	0.95
Net Debt/EBITDA Full definition →		0.00	0.00	0.00	0.00
Debt/Assets Full definition →		4.55%	4.50%	6.58%	7.03%
Debt/Equity Full definition →		0.35	0.35	0.52	0.56
Asset Turnover Full definition →		0.06	0.06	0.05	0.05
Operating CF/Net income Full definition →		1.56	1.43	2.12	2.02
Capex/Depreciation Full definition →		0.00	0.00	0.00	0.00
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		37.13%	38.87%	50.21%	48.87%
Intangible Assets out of Total Assets Full definition →		0.04	0.04	0.04	0.04
Share Based Compensation of Revenue Full definition →		0.66%	0.89%	0.66%	0.62%
Graham Net Nets Full definition →		(1.22)	(1.19)	(1.10)	(0.94)
Graham Number Full definition →		61.37	61.06	57.83	54.97
Earnings Yield Full definition →		10.64%	10.41%	8.80%	7.16%
Free Cash Flow Yield Full definition →		12.54%	13.17%	11.93%	11.57%
Revenue per Share Full definition →		4.68	4.71	4.19	4.78
Operating CF per Share Full definition →		1.53	1.40	0.96	1.41
Capex per Share Full definition →		0.00	0.00	0.00	0.00
Free Cash Flow per Share Full definition →		1.53	1.40	0.96	1.41
Cash per Share Full definition →		4.49	4.88	4.50	9.89
Shareholders Equity per Share Full definition →		42.19	42.93	44.01	43.30
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		42.19	42.93	44.01	43.30
Free Cash Flow Full definition →		87.56	80.71	58.59	88.04
Working Capital Full definition →		(1,444.03)	(1,466.83)	(942.29)	(789.18)
Net Current Asset Value Full definition →		(2,633.45)	(2,568.41)	(2,578.29)	(2,566.56)
EV/EBIT Full definition →		0.00	0.00	0.00	0.00
Capex to Sales Full definition →		0.00	0.00	0.00	0.00
Price to Operating Income Full definition →		7.98	8.31	10.55	13.24
Other line items
Average Payables Full definition →		14,617.54	14,908.25	15,473.80	15,775.48
Average Assets Full definition →		18,579.59	18,668.54	19,756.16	19,970.78
Average Common Equity Full definition →		2,332.26	2,360.70	2,477.26	2,497.44

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Columns are period end dates

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