Filing Flows › First Merchants (FRME) › How it makes money
How First Merchants (FRME) makes money
First Merchants (FRME) made $199M of revenue in the third quarter 2026 (Q3 2026), +20% from a year earlier. Net interest income brought in $161M (81%); Noninterest income brought in $38.0M (19%). Of every dollar of revenue, 40¢ was left as operating profit, 34¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Net interest income | $161M | 80.9% | +1% | +21% |
| Noninterest income | $38.0M | 19.1% | +2% | +17% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $199M | 100.0% |
| Operating profit | $79.5M | 39.9% |
| Income tax | $11.2M | 5.6% |
| Net earnings | $68.3M | 34.3% |
| Operating cash flow | $78.4M | 39.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $199M | +20% |
| Q2 2026 | $196M | +19% |
From First Merchants' 10-Q filed Oct 30, 2026 (on EDGAR).
Questions
How does First Merchants make money?
First Merchants (FRME) made $199M of revenue in the third quarter 2026 (Q3 2026), +20% from a year earlier. Net interest income brought in $161M (81%); Noninterest income brought in $38.0M (19%). Of every dollar of revenue, 40¢ was left as operating profit, 34¢ was left as net earnings.
What is First Merchants' biggest business?
Net interest income: $161M in the third quarter 2026, 81% of revenue, +21% from a year earlier.
What is First Merchants' profit margin?
Net earnings were $68.3M, 34.3% of revenue, in the third quarter 2026; the operating margin was 39.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.