Markets › United States › NAS › FRME

First Merchants Corp

NAS:FRMEFinancial ServicesCBOEFTSE:MRUTNASDAQ:BANK

$40.11+1.85%At closeAt close · Wed 21 Oct · ≈ AED 147.30 · Market cap $2.53B · Next earnings Wed 21 Oct

USD billions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	TTM	YoY
Revenue	0.6	0.6	0.7	1.0	1.1	1.1	1.1	+3.5%
Cost of revenue	0.1	0.0	0.1	0.4	0.5	0.4	—	—
Gross profit	0.4	0.5	0.6	0.6	0.6	0.6	—	—
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Selling, general & administrative	0.2	0.2	0.2	0.3	0.2	0.3	—	—
Selling & marketing	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Operating expenses	0.3	0.3	0.4	0.4	0.4	0.4	—	—
Operating income	0.2	0.2	0.3	0.3	0.2	0.3	0.2	−20.6%
Interest expense	0.1	0.0	0.1	0.3	0.4	0.4	0.1	−66.4%
Interest income	0.4	0.4	0.6	0.9	0.9	0.9	—	—
Other income / expense	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Pre-tax income	0.2	0.2	0.3	0.3	0.2	0.3	0.2	−20.6%
Income tax	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−40.7%
Net income	0.1	0.2	0.2	0.2	0.2	0.2	0.2	−17.7%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—	—
EPS, basic (per share)	2.75	3.82	3.83	3.74	3.42	3.90	3.13	−19.8%
EPS, diluted (per share)	2.74	3.81	3.81	3.73	3.41	3.88	3.12	−19.6%
EBITDA	0.2	0.3	0.3	0.3	0.3	0.3	—	—
Depreciation & amortization	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Weighted average shares (shares)	54,058,000	53,784,000	57,692,000	59,305,000	58,313,000	57,726,000	—	—
Weighted average diluted shares (shares)	54,220,000	53,984,000	57,950,000	59,489,000	58,533,000	57,726,000	—	—
Gross margin	77.6%	93.5%	85.8%	64.8%	56.1%	61.0%	—	—
Operating margin	30.4%	43.3%	35.9%	25.9%	22.0%	24.7%	18.9%	−5.8 pts
Net margin	26.6%	37.0%	31.2%	22.4%	19.1%	21.5%	17.1%	−4.4 pts