Filing Flows › First Merchants (FRME) › Q3 2026
First Merchants (FRME) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
First Merchants (FRME) reported revenue of $199M for the third quarter 2026 (Q3 2026), +20% from a year earlier and +2% from the quarter before. Operating margin was 39.9%, net earnings $68.3M (34.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $199M | +2% | +20% |
| Operating profit | $79.5M | +67% | +22% |
| Net earnings | $68.3M | +55% | +20% |
| Operating cash flow | $78.4M | -11% | -10% |
What changed
Revenue was $199.1M in Q3 2026, up 20% year over year and up 2% from the previous quarter. Net interest income was the largest line at 81% of revenue. Net interest income added $27.4M year over year (up 21%), 83% of the total change.
Operating profit was $79.5M, a 39.9% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 43% reached operating profit, above the 39% margin then. Total costs grew 19% against revenue growth of 20%. The fastest-growing cost line was Noninterest expense (+20%). Net earnings were $68.3M, up 20% year over year. The effective tax rate was 14.1%.
Operating cash flow was $78.4M (down 10% year over year), 115% of net earnings. Non-cash charges added back $9.7M of depreciation and amortization and $2.0M of share-based compensation.
Questions
What was First Merchants' revenue in the third quarter 2026?
First Merchants (FRME) reported revenue of $199M for the third quarter 2026 (Q3 2026), +20% from a year earlier and +2% from the quarter before.
Was First Merchants profitable in the third quarter 2026?
Operating profit was $79.5M (39.9% of revenue) and net earnings $68.3M.
Source: First Merchants 10-Q on SEC EDGAR.