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Park National vs First Merchants: PRK and FRME compared
Park National is the larger company: $210M of revenue in its latest quarter (Q3 2026) against $199M for First Merchants (Q3 2026). Park National is growing faster (+24% against +20% a year earlier). First Merchants is more profitable, with an operating margin of 39.9% against 33.6%.
Where the money goes: PRK and FRME
Park National (PRK) · Q3 2026
Park National, Q3 2026: revenue $210M (+24% year over year), operating margin 33.6%, net earnings $56.9M, operating cash flow $66.0M. The chart follows the revenue to costs, profit and cash.
First Merchants (FRME) · Q3 2026
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.
| Park National (PRK) | First Merchants (FRME) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $210M | $199M |
| Revenue growth, Y/Y | +24% | +20% |
| Operating margin | 33.6% | 39.9% |
| Net earnings | $56.9M | $68.3M |
| Net margin | 27.0% | 34.3% |
| Operating cash flow | $66.0M | $78.4M |
| Free cash flow | $58.4M | — |
Where the revenue comes from
First Merchants
- Net interest income: $161M (81%)
- Noninterest income: $38.0M (19%)
Questions
Which is bigger, Park National or First Merchants?
Park National is the larger company: $210M of revenue in its latest quarter (Q3 2026) against $199M for First Merchants (Q3 2026).
Is Park National or First Merchants growing faster?
Park National is growing faster (+24% against +20% a year earlier).
Which is more profitable, Park National or First Merchants?
First Merchants is more profitable, with an operating margin of 39.9% against 33.6%.
More: Park National earnings · how Park National makes money · First Merchants earnings · how First Merchants makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.