Filing Flows › First Merchants (FRME) › Q3 2026 › vs Q2 2026
First Merchants (FRME) Q3 2026 vs Q2 2026 (quarter over quarter)
First Merchants's revenue rose $3.0M (+2%) from $196M in Q2 2026 to $199M in Q3 2026. The biggest changes: Net interest income +$2.1M (+1%); Noninterest income +$849K (+2%). Operating margin 39.9% against 24.4% (+15.6 pts).
First Merchants, Q3 2026: revenue $199M (+20% year over year), operating margin 39.9%, net earnings $68.3M, operating cash flow $78.4M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 39.9% | 24.4% | +15.6 pts |
| Net margin | 34.3% | 22.4% | +11.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Net interest income | $161M | $159M | $2.1M | +1% |
| Noninterest income | $38.0M | $37.2M | $849K | +2% |
| Revenue | $199M | $196M | $3.0M | +2% |
| Operating profit | $79.5M | $47.8M | $31.8M | +67% |
| Costs & expenses | $120M | $148M | −$28.8M | -19% |
| Pre-tax earnings | $79.5M | $47.8M | $31.8M | +67% |
| Credit loss provision | $3.3M | $33.0M | −$29.7M | -90% |
| Noninterest expense | $116M | $115M | $907K | +0.8% |
| Net earnings | $68.3M | $44.0M | $24.3M | +55% |
| Income tax | $11.2M | $3.8M | $7.4M | +197% |
| Depreciation & amortization | $9.7M | $9.3M | $416K | +4% |
| Share-based compensation | $2.0M | $1.9M | $113K | +6% |
| Working capital & other | $1.6M | −$32.9M | $34.5M | — |
| Operating cash flow | $78.4M | $88.0M | −$9.6M | -11% |
Questions
How much did First Merchants's revenue grow quarter over quarter in Q3 2026?
First Merchants's revenue rose $3.0M (+2%) from $196M in Q2 2026 to $199M in Q3 2026.
What drove First Merchants's revenue change in Q3 2026?
Net interest income +$2.1M (+1%); Noninterest income +$849K (+2%).