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First Merchants (FRME) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

First Merchants Revenue Highlights

Latest Revenue (Y)

$948.01M

Latest Revenue (Q)

$261.03M

Main Segment (Y)

Fiduciary and Trust

First Merchants Revenue by Period

First Merchants Revenue by Year

DateRevenueChange
2024-12-31$948.01M45.62%
2023-12-31$651.00M3.64%
2022-12-31$628.14M20.80%
2021-12-31$520.00M5.68%
2020-12-31$492.05M10.99%
2019-12-31$443.35M6.75%
2018-12-31$415.32M19.24%
2017-12-31$348.29M19.41%
2016-12-31$291.68M11.89%
2015-12-31$260.67M3.15%
2014-12-31$252.70M20.87%
2013-12-31$209.07M-3.49%
2012-12-31$216.64M12.32%
2011-12-31$192.88M-0.40%
2010-12-31$193.66M-8.34%
2009-12-31$211.28M27.47%
2008-12-31$165.75M7.86%
2007-12-31$153.67M6.19%
2006-12-31$144.71M-0.78%
2005-12-31$145.85M4.22%
2004-12-31$139.94M0.65%
2003-12-31$139.04M15.87%
2002-12-31$120.00M44.75%
2001-12-31$82.90M14.17%
2000-12-31$72.62M6.48%
1999-12-31$68.20M27.72%
1998-12-31$53.40M8.98%
1997-12-31$49.00M7.93%
1996-12-31$45.40M30.46%
1995-12-31$34.80M4.50%
1994-12-31$33.30M3.74%
1993-12-31$32.10M-

First Merchants generated $948.01M in revenue during NA 2024, up 45.62% compared to the previous quarter, and up 213.83% compared to the same period a year ago.

First Merchants Revenue by Quarter

DateRevenueChange
2025-06-30$261.03M3.35%
2025-03-31$252.57M-1.88%
2024-12-31$257.40M-3.21%
2024-09-30$265.95M-0.66%
2024-06-30$267.71M1.97%
2024-03-31$262.54M-0.34%
2023-12-31$263.43M2.51%
2023-09-30$256.98M3.75%
2023-06-30$247.68M7.04%
2023-03-31$231.40M7.56%
2022-12-31$215.13M11.49%
2022-09-30$192.96M13.89%
2022-06-30$169.42M25.09%
2022-03-31$135.44M-0.30%
2021-12-31$135.84M-4.37%
2021-09-30$142.05M-1.46%
2021-06-30$144.16M7.66%
2021-03-31$133.91M-4.83%
2020-12-31$140.71M6.28%
2020-09-30$132.39M-2.46%
2020-06-30$135.73M-9.27%
2020-03-31$149.61M-0.31%
2019-12-31$150.07M7.00%
2019-09-30$140.25M4.47%
2019-06-30$134.25M5.28%
2019-03-31$127.53M-0.24%
2018-12-31$127.83M2.82%
2018-09-30$124.33M4.42%
2018-06-30$119.06M5.20%
2018-03-31$113.18M15.70%
2017-12-31$97.83M5.09%
2017-09-30$93.09M14.17%
2017-06-30$81.53M7.50%
2017-03-31$75.84M1.81%
2016-12-31$74.49M-0.07%
2016-09-30$74.54M3.04%
2016-06-30$72.35M2.22%
2016-03-31$70.78M11.30%
2015-12-31$63.59M-5.40%
2015-09-30$67.22M2.79%
2015-06-30$65.40M3.47%
2015-03-31$63.21M-0.32%
2014-12-31$63.41M-4.15%
2014-09-30$66.16M6.62%
2014-06-30$62.05M1.59%
2014-03-31$61.08M8.66%
2013-12-31$56.21M15.13%
2013-09-30$48.82M-3.72%
2013-06-30$50.71M-4.92%
2013-03-31$53.34M1.65%
2012-12-31$52.47M-3.15%
2012-09-30$54.17M5.77%
2012-06-30$51.22M-12.86%
2012-03-31$58.77M19.58%
2011-12-31$49.15M0.14%
2011-09-30$49.08M4.63%
2011-06-30$46.91M-1.73%
2011-03-31$47.73M-2.75%
2010-12-31$49.09M3.59%
2010-09-30$47.38M-0.29%
2010-06-30$47.52M-4.32%
2010-03-31$49.67M-0.87%
2009-12-31$50.10M-10.15%
2009-09-30$55.76M9.74%
2009-06-30$50.81M-4.08%
2009-03-31$52.97M34.33%
2008-12-31$39.43M-7.16%
2008-09-30$42.47M-0.08%
2008-06-30$42.51M2.83%
2008-03-31$41.34M3.27%
2007-12-31$40.03M-

First Merchants generated $261.03M in revenue during Q2 2025, up 3.35% compared to the previous quarter, and up 99.42% compared to the same period a year ago.

First Merchants Revenue Breakdown

First Merchants Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
Derivative Hedging$3.08M$3.38M$3.39M$3.85M$6.98M
Fiduciary and Trust$34.22M$30.84M$29.69M$28.36M$23.75M
Financial Service, Other$1.55M$1.88M$1.94M$1.49M$1.50M
Credit Card$19.32M$18.86M$20.21M$16.62M$19.50M
Deposit Account$32.61M$30.84M$28.37M$23.57M$21.00M

First Merchants's latest annual revenue breakdown by segment (product or service), as of Dec 24: Fiduciary and Trust (37.70%), Deposit Account (35.92%), Credit Card (21.28%), Derivative Hedging (3.40%), and Financial Service, Other (1.70%).

Quarterly Revenue by Product

Product/ServiceJun 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Sep 21Jun 21Mar 21Sep 20Jun 20Mar 20Sep 19
Fiduciary and Trust$8.83M$8.66M$8.53M$8.82M$8.20M$8.19M$7.39M$7.40M$7.86M$7.50M$7.22M$7.63M$7.33M$7.35M$7.51M$6.42M$5.91M$5.60M$5.99M$4.43M
Financial Service, Other$401.00K$316.00K$344.00K$460.00K$427.00K$237.00K$384.00K$742.00K$517.00K$362.00K$501.00K$662.00K$410.00K$393.00K$368.00K$368.00K$372.00K$333.00K$398.00K$450.00K
Derivative Hedging$831.00K$1.59M$736.00K$489.00K$263.00K$1.05M$516.00K$672.00K$1.15M$326.00K$700.00K$1.44M$918.00K$1.03M$943.00K$317.00K$1.72M$1.04M$1.94M$1.68M
Deposit Account$8.57M$8.12M$8.36M$8.21M$7.91M$7.69M$7.97M$7.81M$7.36M$7.10M$7.17M$7.69M$6.42M$6.25M$5.60M$5.26M$5.21M$4.31M$5.97M$6.11M
Credit Card$4.93M$4.96M$5.12M$4.74M$4.50M$4.44M$4.72M$4.54M$5.17M$4.53M$4.78M$5.17M$5.72M$4.16M$4.16M$4.37M$4.00M$6.10M$5.91M$5.16M

First Merchants's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Fiduciary and Trust (37.48%), Deposit Account (36.36%), Credit Card (20.93%), Derivative Hedging (3.53%), and Financial Service, Other (1.70%).

First Merchants Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
CUBICustomers Bancorp$1.33B$357.12M
TRMKTrustmark$972.90M$278.41M
FRMEFirst Merchants$948.01M$261.03M
HTHHilltop$836.39M$200.26M
FFBCFirst Financial Ban$796.67M$194.82M
BANRBanner$766.10M$218.01M
NBTBNBT Bancorp$611.67M$177.58M
BUSEFirst Busey$523.68M$226.22M
FBNCFirst Bancorp$519.24M$125.00M
SYBTStock Yards Bancorp$412.88M$93.82M
EFSCEnterprise Financial Services$69.70M$20.60M

FRME Revenue FAQ

What is First Merchants’s yearly revenue?

First Merchants's yearly revenue for 2024 was $948.01M, representing an increase of 45.62% compared to 2023. The company's yearly revenue for 2023 was $651M, representing an increase of 3.64% compared to 2022. FRME's yearly revenue for 2022 was $628.14M, representing an increase of 20.80% compared to 2021.

What is First Merchants’s quarterly revenue?

First Merchants's quarterly revenue for Q2 2025 was $261.03M, a 3.35% increase from the previous quarter (Q1 2025), and a -2.50% decrease year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $252.57M, a -1.88% decrease from the previous quarter (Q4 2024), and a -3.80% decrease year-over-year (Q1 2024). FRME's quarterly revenue for Q4 2024 was $257.4M, a -3.21% decrease from the previous quarter (Q3 2024), and a -2.29% decrease year-over-year (Q4 2023).

What is First Merchants’s revenue growth rate?

First Merchants's revenue growth rate for the last 3 years (2022-2024) was 50.92%, and for the last 5 years (2020-2024) was 92.66%.

What are First Merchants’s revenue streams?

First Merchants's revenue streams in c 24 are Derivative Hedging, Fiduciary and Trust, Financial Service, Other, Credit Card, and Deposit Account. Derivative Hedging generated $3.08M in revenue, accounting 3.40% of the company's total revenue, down -8.95% year-over-year. Fiduciary and Trust generated $34.22M in revenue, accounting 37.70% of the company's total revenue, up 10.94% year-over-year. Financial Service, Other generated $1.55M in revenue, accounting 1.70% of the company's total revenue, down -17.71% year-over-year. Credit Card generated $19.32M in revenue, accounting 21.28% of the company's total revenue, up 2.41% year-over-year. Deposit Account generated $32.61M in revenue, accounting 35.92% of the company's total revenue, up 5.74% year-over-year.

What is First Merchants’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of First Merchants was Fiduciary and Trust. This segment made a revenue of $34.22M, representing 37.70% of the company's total revenue.