FRME
First Merchants Corporation
NASDAQ: FRME · FINANCIAL SERVICES · BANKS - REGIONAL
$40.44
+1.56% today
Updated 2026-04-30
Market cap
$2.53B
P/E ratio
11.94
P/S ratio
3.97x
EPS (TTM)
$3.39
Dividend yield
3.57%
52W range
$34 – $43
Volume
0.4M
First Merchants Corporation (FRME) Financial statements
SEC filings — annual and quarterly data.
Profit margin
31.20%
Operating margin
22.60%
ROE
7.95%
ROA
1.01%
Debt/equity
—
Margin trends — annual
Gross margin Operating margin Profit margin
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $243.22M | $30.20M | 56.92% | 17.43% | 12.42% |
| 2007 | $271.28M | $31.64M | 53.51% | 15.84% | 11.66% |
| 2008 | $258.52M | $20.64M | 54.23% | 11.11% | 7.98% |
| 2009 | $288.37M | $-40.76M | 30.90% | -23.99% | -14.14% |
| 2010 | $248.12M | $6.91M | 58.69% | 1.34% | 2.78% |
| 2011 | $230.37M | $25.25M | 73.73% | 14.72% | 10.96% |
| 2012 | $240.25M | $45.12M | 82.46% | 25.39% | 18.78% |
| 2013 | $226.85M | $44.53M | 89.77% | 26.63% | 19.63% |
| 2014 | $270.69M | $60.16M | 90.99% | 30.40% | 22.23% |
| 2015 | $281.55M | $65.38M | 91.05% | 32.34% | 23.22% |
| 2016 | $318.51M | $81.05M | 89.80% | 34.11% | 25.45% |
| 2017 | $385.90M | $96.07M | 87.88% | 34.62% | 24.89% |
| 2018 | $484.40M | $159.14M | 84.25% | 38.84% | 32.85% |
| 2019 | $552.09M | $164.46M | 79.80% | 35.10% | 29.79% |
| 2020 | $558.43M | $148.60M | 77.61% | 30.44% | 26.61% |
| 2021 | $555.96M | $205.53M | 93.53% | 43.31% | 36.97% |
| 2022 | $712.95M | $222.09M | 85.76% | 35.86% | 31.15% |
| 2023 | $999.49M | $223.79M | 64.78% | 25.94% | 22.39% |
| 2024 | $1.05B | $201.40M | 56.09% | 21.99% | 19.12% |
| 2025 | $1.05B | $226.00M | 60.96% | 24.67% | 21.52% |