First Merchants quarterly net revenue rises 19.8% to $199.1 million

First Merchants reported that net revenue rose 19.8% to $199.1 million in the quarter ended September 30, 2026, from $166.1 million a year earlier.

Coverage

Independent Research

Prepared by

Octans Research

How produced

AI drafted from cited sources, automated checks

Sector

single-name-earnings

Tickers

FRME

As of

2026-10-21

Net revenue, the sum of net interest income and noninterest income, was $199.1 million for the quarter ended September 30, 2026, versus $166.1 million a year earlier, up 19.8%. Net interest income was $161.1 million, versus $133.7 million a year earlier, up 20.5%. Noninterest income was $38.0 million, versus $32.5 million a year earlier, up 17.0%. The provision for credit losses was $3.3 million, versus $4.3 million a year earlier. Diluted earnings per share was $1.09, up from $0.98.

This brief covers net revenue, net interest income, noninterest income, the provision for credit losses and diluted earnings per share, each on the reported basis. Banks also publish managed or adjusted figures; those are not used here. It does not cover capital ratios, credit quality, guidance or the earnings call, and it makes no forecast.

Method and source. Each figure is taken from a row of the company's earnings release or financial supplement that also prints the year ago quarter exactly as the company reported it in its own XBRL financial data; rows that do not match are not used. Where the release prints net revenue, net interest income and noninterest income, the two parts must add up to the total. The text is generated from those verified figures by a fixed template; no model wrote it.

1. [1]SEC EDGAR ↗ — First Merchants results for the quarter ended September 30, 2026 (Exhibit 99.1, earnings release), filed Oct 21, 2026
2. [2]SEC EDGAR ↗ — First Merchants XBRL financial data (company facts)

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