First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
Revenue of First Merchants Corporation (FRME)
Revenue in 2023 (TTM): $654.31 M
According to First Merchants Corporation's latest financial reports the company's current revenue (TTM) is $654.31 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of First Merchants Corporation
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $654.31 M | $654.31 M | $270.94 M | $259.23 M | $223.79 M |
| 2022 | $628.14 M | $628.14 M | $267.49 M | $255.67 M | $222.09 M |
| 2021 | $520 M | $520 M | $251.49 M | $240.79 M | $205.53 M |
| 2020 | $492.05 M | $492.05 M | $180.98 M | $169.98 M | $148.6 M |
| 2019 | $443.35 M | $443.35 M | $203.17 M | $193.79 M | $164.46 M |
| 2018 | $415.32 M | $415.32 M | $196.98 M | $188.14 M | $159.14 M |
| 2017 | $348.29 M | $348.29 M | $141.56 M | $133.59 M | $96.07 M |
| 2016 | $291.68 M | $291.68 M | $115.82 M | $108.66 M | $81.05 M |
| 2015 | $260.67 M | $259.42 M | $97.31 M | $91.05 M | $65.38 M |
| 2014 | $252.7 M | $252.7 M | $87.56 M | $81.55 M | $60.16 M |
| 2013 | $209.07 M | $209.07 M | $63.88 M | $59.21 M | $44.53 M |
| 2012 | $216.64 M | $216.64 M | $65.46 M | $60.99 M | $45.12 M |
| 2011 | $192.88 M | $192.88 M | $39.07 M | $33.91 M | $25.25 M |
| 2010 | $193.66 M | $193.66 M | $ | $3.32 M | $6.3 M |
| 2009 | $211.28 M | $211.28 M | $ | $-69,187,000 | $-40,763,000 |
| 2008 | $165.75 M | $165.75 M | $ | $28.72 M | $20.64 M |
| 2007 | $153.67 M | $153.67 M | $ | $42.98 M | $31.64 M |
| 2006 | $144.71 M | $144.71 M | $ | $42.39 M | $30.2 M |
| 2005 | $145.85 M | $145.85 M | $48.61 M | $43.54 M | $30.24 M |
| 2004 | $139.94 M | $139.94 M | $47.66 M | $42.6 M | $29.41 M |
| 2003 | $139.04 M | $139.04 M | $ | $38.29 M | $27.57 M |
| 2002 | $120 M | $120 M | $ | $41.82 M | $27.84 M |
| 2001 | $82.9 M | $82.9 M | $ | $34.13 M | $22.21 M |
| 2000 | $72.62 M | $72.62 M | $ | $29.91 M | $19.94 M |
| 1999 | $68.2 M | $68.2 M | $ | $29.2 M | $19.1 M |
| 1998 | $53.4 M | $53.4 M | $ | $23.5 M | $15.4 M |
| 1997 | $49 M | $49 M | $ | $22 M | $14.4 M |
| 1996 | $45.4 M | $45.4 M | $ | $20.1 M | $13.1 M |
| 1995 | $34.8 M | $34.8 M | $ | $15.3 M | $9.9 M |
| 1994 | $33.3 M | $33.3 M | $ | $14.1 M | $9.2 M |
| 1993 | $32.1 M | $32.1 M | $ | $12.9 M | $8.7 M |
| 1992 | $30.8 M | $30.8 M | $ | $11.8 M | $7.8 M |
| 1991 | $27.2 M | $27.2 M | $ | $10 M | $6.8 M |
| 1990 | $23.8 M | $23.8 M | $ | $9 M | $6 M |
| 1989 | $22.8 M | $22.8 M | $ | $7.9 M | $5.7 M |
| 1988 | $ | $ | $4.4 M | $ | $4.4 M |
| 1987 | $ | $ | $3.9 M | $ | $3.9 M |