First Merchants Corporation

FRME Financial Banks Regional

First Merchants Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, down 2.04% from fiscal 2024.

Revenue
+12.9%
EPS
+11.2%
Free cash flow
−10.5%
Total debt
+27.1%

Quarter to September 2026, against a year earlier

41.09 0.80 −1.91%
Market cap
$2.6B
P/E
12.7×
Fwd P/E
12.5×
Dividend yield
3.55%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

First Merchants Corporation (FRME) Revenue growth

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First Merchants Corporation's revenue growth over the twelve months to 30 September 2026 was 6.27%, up 8.3 percentage points from fiscal 2025 (−2.04%). Over the past ten years it has ranged from −2.04% (fiscal 2025) to 40.2% (fiscal 2023) — the current reading is the lowest in ten years. That is in line with the Banks Regional industry median of 6.37% and below the Financial sector median of 7.33%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 −2.04% (9.45)
FY2024 7.41% (32.78)
FY2023 40.2% 11.95
FY2022 28.2% 28.68
FY2021 −0.44% (1.59)
FY2020 1.15% (12.82)
FY2019 14.0% (11.55)
FY2018 25.5% 4.36
FY2017 21.2% 11.73
FY2016 9.43% 1.90

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 12.9% (1.31)
Jun 2026 14.2% 13.43
Mar 2026 0.73% 3.19
Dec 2025 −2.46% (3.07)
43 more quarters

Against its own ten years

Low −2.04% High 40.2%
Ten-year median 9.43%
Current reading's percentile 9

Revenue growth against peers

Company Revenue growth
BBT Beacon Financial Corporation compare 74.5%
FBK FB Financial Corporation compare 25.5%
FBNC First Bancorp compare 14.0%
SYBT Stock Yards Bancorp, Inc. compare 9.69%
NBTB NBT Bancorp Inc. compare 9.61%
FRME First Merchants Corporation 6.27%
BOH Bank of Hawaii Corporation compare 1.77%
BANR Banner Corporation compare 1.60%
TRMK Trustmark Corporation compare 0.53%
Banks Regional industry median 6.37%
Financial sector median 7.33%
Market median 7.58%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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