First Merchants Stock

First Merchants EBIT

The EBIT of First Merchants (FRME) as of Sep 7, 2026 is 259.11 M USD. In the previous year, EBIT was 231.73 M USD — a change of 11.82% (higher).

EBIT

259.11 MUSD

YoY

11.82%

Last updated:

In 2026, First Merchants's EBIT was 259.11 M USD, a 11.82% increase from the 231.73 M USD EBIT recorded in the previous year.

The First Merchants EBIT history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

EBIT
Date
EBIT
Jan 1, 2020
169.98 M USD
Jan 1, 2021
240.79 M USD
Jan 1, 2022
255.67 M USD
Jan 1, 2023
259.23 M USD
Jan 1, 2024
231.73 M USD
Jan 1, 2025
259.11 M USD
Jan 1, 2026 (e)
217.72 M USD
Jan 1, 2027 (e)
300.97 M USD
The First Merchants EBIT history
YEAREBITYoY
est300.97 MUSD+38.24%
est217.72 MUSD-15.98%
259.11 MUSD+11.82%
231.73 MUSD-10.61%
259.23 MUSD+1.39%
255.67 MUSD+6.18%
240.79 MUSD+41.66%
169.98 MUSD-12.29%
193.79 MUSD+3.00%
188.14 MUSD+40.83%
133.59 MUSD+22.95%
108.66 MUSD+19.34%
91.05 MUSD+10.65%
82.29 MUSD+36.20%
60.41 MUSD-0.94%
60.99 MUSD+79.87%
33.91 MUSD+921.60%
3.32 MUSD-104.80%
-69.19 MUSD-340.89%
28.72 MUSD-33.18%
42.98 MUSD+1.39%
42.39 MUSD
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First Merchants Revenue

First Merchants Revenue, Pre-Provision Profit, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
Pre-Provision Profit
Net Income
Details
Date
Revenue
Pre-Provision Profit
Net Income
Jan 1, 2020
492.05 M USD
169.95 M USD
148.60 M USD
Jan 1, 2021
520.00 M USD
240.80 M USD
205.53 M USD
Jan 1, 2022
628.14 M USD
272.44 M USD
222.09 M USD
Jan 1, 2023
715.90 M USD
327.63 M USD
223.79 M USD
Jan 1, 2024
626.71 M USD
247.45 M USD
201.40 M USD
Jan 1, 2025
661.42 M USD
278.84 M USD
226.00 M USD
Jan 1, 2026 (e)
805.79 M USD
0.00 USD
205.07 M USD
Jan 1, 2027 (e)
846.53 M USD
0.00 USD
284.09 M USD

First Merchants Margins

First Merchants stock margins

The First Merchants margin analysis displays the gross margin, EBIT margin, as well as the profit margin of First Merchants. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for First Merchants.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Cost-Income Ratio
Profit margin
Details
Date
Cost-Income Ratio
Profit margin
Jan 1, 2020
65.46 %
30.20 %
Jan 1, 2021
53.69 %
39.52 %
Jan 1, 2022
56.63 %
35.36 %
Jan 1, 2023
54.24 %
31.26 %
Jan 1, 2024
60.52 %
32.14 %
Jan 1, 2025
57.84 %
34.17 %
Jan 1, 2026 (e)
0.00 %
25.45 %
Jan 1, 2027 (e)
0.00 %
33.56 %

First Merchants Stock analysis

What does First Merchants do? First Merchants Corp is one of the largest independent banks in Indiana, USA. The bank was founded in 1982 and has since become a leading financial institution with a strong presence in the region. The company is listed on the NASDAQ stock exchange under the symbol FRME. First Merchants Corp's business model is based on providing top-notch financial services to customers in Indiana and other parts of the country. The bank offers a wide range of products and services for individuals, businesses, and institutions. These include savings accounts, credit cards, loans, leasing, online and mobile banking, and wealth management. First Merchants Corp also operates a number of subsidiaries and business segments that offer specialized products and services. This includes the First Merchants Insurance Group, which provides insurance for private and business customers. The First Merchants Wealth Management Group offers investment and wealth management services to clients. The bank also operates a subsidiary called First Merchants Investment Services, which provides securities services to individual customers and business. In addition, First Merchants Trust Company operates an asset management service that focuses on testamentary assets and trust accounts. First Merchants Corp's product range includes a wide range of financial services for a variety of customers. For retail customers, the company offers checking and savings accounts, credit cards, mortgage loans, auto loans, and personal loans. For business customers, loans are available to support equipment, real estate, and working capital, as well as cash management and credit card services. As part of its efforts to provide its customers with the best financial products and services, First Merchants Corp has significantly improved its online and mobile banking. Customers can conduct banking transactions from anywhere by simply downloading an app or visiting the website. In recent years, the bank has expanded its presence in Indiana through a series of acquisitions. The acquisition of Old National Bancorp in 2021 has made First Merchants Corp the largest bank in the region. The company has also acquired a number of smaller banks to further strengthen its position in the market. Overall, First Merchants Corp has a long history as a reliable and trustworthy financial services provider in Indiana. With its wide range of products, strong business model, and dedicated customer service, the company is well positioned to grow and continue to be successful in the future. First Merchants is one of the most popular companies on Eulerpool.

EBIT Details

Analyzing First Merchants's EBIT

First Merchants's Earnings Before Interest and Taxes (EBIT) represents the company's operating profit. It is calculated by deducting all operating expenses, including the cost of goods sold (COGS) and operating expenses, from the total revenue, but before accounting for interest and taxes. It provides insights into the company’s operational profitability, excluding the impacts of financing and tax structures.

Year-to-Year Comparison

A yearly comparison of First Merchants's EBIT can reveal trends in the company’s operational efficiency and profitability. An increase in EBIT over the years can indicate enhanced operational efficiency or growth in revenue, while a decrease might raise concerns about increased operating costs or declining sales.

Impact on Investments

First Merchants's EBIT is a significant metric for investors. A positive EBIT suggests that the company is generating enough revenue to cover its operating expenses, an essential aspect for assessing the company’s financial health and stability. Investors closely monitor EBIT to gauge the company’s profitability and potential for future growth.

Interpreting EBIT Fluctuations

Fluctuations in First Merchants’s EBIT can be due to variations in revenue, operating expenses, or both. An increasing EBIT indicates improved operational performance or increased sales, while a declining EBIT can signal rising operational costs or reduced revenue, prompting a need for strategic adjustments.

Frequently Asked Questions about First Merchants stock

EBIT of First Merchants is 259.11 M USD in 2026.

EBIT of First Merchants changed from 231.73 M USD to 259.11 M USD, representing a 11.82% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of EBIT First Merchants since 2006 – with annual values, charts, and detailed analysis.

"Earnings before interest and taxes", abbreviated as EBIT, is also referred to as the operating result of a company. It is a key figure that allows the profit to be assessed over a specific period of time, usually a fiscal year. Taxes and interest are not deducted from EBIT, making it suitable for international comparisons of different companies.

Net income
+ Tax expense
+ Interest expense and other financial expenses
- Interest income and other financial income
= EBIT (operating profit)

EBIT's USD is a key factor for investors. Changes in this metric can signal improving or deteriorating fundamentals, directly impacting the stock price. On Eulerpool, you can track EBIT's First Merchants historically and in real time.

The sales revenue is important for evaluating a stock.

EBIT is an acronym for "Earnings Before Interest and Tax" and represents a company's gross profit before taxes and interest are deducted. The EBIT amount is often used as a metric to evaluate a company.

History

The EBIT was originally introduced in the 1940s when the US Internal Revenue Service (IRS) passed a new tax law. This law required companies to calculate their profit before deducting taxes and interest on loans (or "interest and taxes"). Since then, the EBIT has been used as one of the key financial indicators in evaluating a company.

Usage

The EBIT can be used to assess a company by comparing its financial results to a benchmark or a comparative value. The EBIT is also used to determine how much the company's shareholders will receive from its operating income.

Calculation

EBIT is calculated by deducting taxes and interest on loans from the company's net profit. This amount can be calculated in various ways, but the most common method is as follows:

EBIT = Net profit + interest and taxes

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Net profit of XYZ Co. = $1,000,000
Interest and taxes = $ 500,000
EBIT of XYZ Co. = $1,500,000

Application

The EBIT value is often used to determine and evaluate the financial stability of a company. The EBIT value can also be used to determine how much money a company can spend on investments or dividends.

Use of EBIT in stock investment

Investors use EBIT to determine if a stock is over- or undervalued. If a company has a high EBIT value, it may indicate that its stock is overvalued, as the profit it generates could be lower than what it would generate with a different stock.

Advantages of EBIT

EBIT is a helpful measure for determining the financial stability of a company. There are several advantages associated with using EBIT, such as:
- EBIT eliminates the impact of financing on the company's earnings.
- It is a useful measure for determining the profits that a company can distribute to its shareholders.
- It can be used to determine whether a stock is overvalued or undervalued.

Disadvantages of EBIT

There are also some disadvantages to using EBIT, such as:
- EBIT cannot be used as the sole measure to evaluate a company as it does not reflect the overall profit of the company.
- EBIT can be influenced by unforeseen events such as a tax increase.
- EBIT is not always a reliable indicator of a company's future profit development.

Conclusion

The EBIT is an important measure used to evaluate a company. It can be used to determine how much money a company can generate from its operational results and whether a stock is overvalued or undervalued. However, the EBIT also has some disadvantages as it does not reflect the overall profitability of a company and can be influenced by unforeseen events. Therefore, it is important to consider the EBIT in conjunction with other financial indicators to obtain a complete picture of the company.

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Income Statement — First Merchants

All Key Metrics — First Merchants