First Merchants Corporation Depository Shares financials
$25.20−0.20%
Close Sep 25, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $298.0M | $254.4M | $270.6M | $267.6M | $261.0M | $252.6M | $277.4M | $265.9M | $267.7M | $262.5M | $263.4M | $257.0M |
| Gross profit | $196.1M | $157.1M | $172.2M | $166.1M | $164.3M | $160.3M | $177.1M | $156.0M | $159.9M | $153.7M | $156.5M | $161.2M |
| Gross margin | 65.8% | 61.8% | 63.6% | 62.1% | 62.9% | 63.5% | 63.9% | 58.6% | 59.7% | 58.5% | 59.4% | 62.7% |
| Operating income | $47.8M | $27.1M | $65.5M | $65.3M | $65.1M | $63.2M | $76.6M | $56.3M | $44.0M | $54.8M | $46.9M | $65.4M |
| Net income | $43.5M | $27.7M | $56.6M | $56.3M | $56.4M | $54.9M | $63.9M | $48.7M | $39.5M | $47.5M | $42.0M | $55.9M |
| Net margin | 14.6% | 10.9% | 20.9% | 21.0% | 21.6% | 21.7% | 23.0% | 18.3% | 14.7% | 18.1% | 15.9% | 21.8% |
| Diluted EPS | $0.70 | $0.45 | $0.99 | $0.98 | $0.98 | $0.94 | $1.10 | $0.84 | $0.68 | $0.80 | $0.71 | $0.94 |
| EBITDA | $47.8M | $27.1M | $65.5M | $65.3M | $65.1M | $63.2M | $76.6M | $56.3M | $44.0M | $54.8M | $46.9M | $65.4M |
| Operating cash flow | $88.0M | $58.6M | $80.7M | $87.6M | $53.7M | $61.7M | $67.5M | $76.8M | $63.0M | $58.8M | $65.6M | $80.2M |
| Free cash flow | $88.0M | $58.6M | $80.7M | $87.6M | $53.7M | $61.7M | $67.5M | $76.8M | $63.0M | $58.8M | $65.6M | $80.2M |
| Diluted shares | 62.6M | 61.0M | 57.4M | 57.4M | 57.8M | 58.2M | 58.2M | 58.3M | 58.3M | 59.3M | 59.6M | 59.5M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $86.7M | $98.1M | $84.2M | $88.1M | $81.6M | $86.1M |
| Short-term investments | $3.89B | $3.56B | $3.62B | $3.60B | $3.65B | $3.80B |
| Total debt | $1.50B | $1.39B | $856.2M | $856.3M | $961.3M | $1.16B |
| Total assets | $21.35B | $21.07B | $19.03B | $18.81B | $18.59B | $18.44B |
| Total liabilities | $18.65B | $18.40B | $16.56B | $16.40B | $16.24B | $16.11B |
| Shareholders' equity | $2.70B | $2.67B | $2.47B | $2.41B | $2.35B | $2.33B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology