First Merchants (FRME) Revenue & Revenue Breakdown
First Merchants Revenue Highlights
Latest Revenue (Y)
$996.17M
Latest Revenue (Q)
$267.34M
Main Segment (Y)
Fiduciary and Trust
First Merchants Revenue by Period
First Merchants Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $996.17M | 58.59% |
| 2022-12-31 | $628.14M | 20.80% |
| 2021-12-31 | $520.00M | 5.68% |
| 2020-12-31 | $492.05M | 10.99% |
| 2019-12-31 | $443.35M | 6.75% |
| 2018-12-31 | $415.32M | 19.24% |
| 2017-12-31 | $348.29M | 19.41% |
| 2016-12-31 | $291.68M | 11.89% |
| 2015-12-31 | $260.67M | 3.15% |
| 2014-12-31 | $252.70M | 20.87% |
| 2013-12-31 | $209.07M | -3.49% |
| 2012-12-31 | $216.64M | 12.32% |
| 2011-12-31 | $192.88M | -0.40% |
| 2010-12-31 | $193.66M | -8.34% |
| 2009-12-31 | $211.28M | 27.47% |
| 2008-12-31 | $165.75M | 7.86% |
| 2007-12-31 | $153.67M | 6.19% |
| 2006-12-31 | $144.71M | -0.78% |
| 2005-12-31 | $145.85M | 4.22% |
| 2004-12-31 | $139.94M | 0.65% |
| 2003-12-31 | $139.04M | 15.87% |
| 2002-12-31 | $120.00M | 44.75% |
| 2001-12-31 | $82.90M | 14.17% |
| 2000-12-31 | $72.62M | 6.48% |
| 1999-12-31 | $68.20M | 27.72% |
| 1998-12-31 | $53.40M | 8.98% |
| 1997-12-31 | $49.00M | 7.93% |
| 1996-12-31 | $45.40M | 30.46% |
| 1995-12-31 | $34.80M | 4.50% |
| 1994-12-31 | $33.30M | 3.74% |
| 1993-12-31 | $32.10M | - |
First Merchants generated $996.17M in revenue during NA 2023, up 58.59% compared to the previous quarter, and up 239.86% compared to the same period a year ago.
First Merchants Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $267.34M | 2.04% |
| 2024-03-31 | $262.00M | 0.06% |
| 2023-12-31 | $261.84M | 62.41% |
| 2023-09-30 | $161.22M | -1.78% |
| 2023-06-30 | $164.15M | -2.93% |
| 2023-03-31 | $169.12M | -2.30% |
| 2022-12-31 | $173.11M | 2528.79% |
| 2022-09-30 | $6.58M | -95.80% |
| 2022-06-30 | $156.94M | 742.08% |
| 2022-03-31 | $18.64M | -85.34% |
| 2021-12-31 | $127.12M | -4.58% |
| 2021-09-30 | $133.22M | -1.43% |
| 2021-06-30 | $135.15M | 8.54% |
| 2021-03-31 | $124.52M | -4.06% |
| 2020-12-31 | $129.79M | 8.99% |
| 2020-09-30 | $119.08M | -0.35% |
| 2020-06-30 | $119.50M | -3.38% |
| 2020-03-31 | $123.68M | 1.52% |
| 2019-12-31 | $121.83M | 9.71% |
| 2019-09-30 | $111.05M | 3.89% |
| 2019-06-30 | $106.89M | 3.20% |
| 2019-03-31 | $103.58M | -3.26% |
| 2018-12-31 | $107.06M | 0.99% |
| 2018-09-30 | $106.01M | 3.16% |
| 2018-06-30 | $102.76M | 3.30% |
| 2018-03-31 | $99.48M | 1.69% |
| 2017-12-31 | $97.83M | 5.09% |
| 2017-09-30 | $93.09M | 14.17% |
| 2017-06-30 | $81.53M | 7.50% |
| 2017-03-31 | $75.84M | 1.81% |
| 2016-12-31 | $74.49M | -0.07% |
| 2016-09-30 | $74.54M | 3.04% |
| 2016-06-30 | $72.35M | 2.22% |
| 2016-03-31 | $70.78M | 11.30% |
| 2015-12-31 | $63.59M | -5.40% |
| 2015-09-30 | $67.22M | 2.79% |
| 2015-06-30 | $65.40M | 3.47% |
| 2015-03-31 | $63.21M | -0.32% |
| 2014-12-31 | $63.41M | -4.15% |
| 2014-09-30 | $66.16M | 6.62% |
| 2014-06-30 | $62.05M | 1.59% |
| 2014-03-31 | $61.08M | 8.66% |
| 2013-12-31 | $56.21M | 15.13% |
| 2013-09-30 | $48.82M | -3.72% |
| 2013-06-30 | $50.71M | -4.92% |
| 2013-03-31 | $53.34M | 1.65% |
| 2012-12-31 | $52.47M | -3.15% |
| 2012-09-30 | $54.17M | 5.77% |
| 2012-06-30 | $51.22M | -12.86% |
| 2012-03-31 | $58.77M | 19.58% |
| 2011-12-31 | $49.15M | 0.14% |
| 2011-09-30 | $49.08M | 4.63% |
| 2011-06-30 | $46.91M | -1.73% |
| 2011-03-31 | $47.73M | -2.75% |
| 2010-12-31 | $49.09M | 3.59% |
| 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 | $55.76M | 9.74% |
| 2009-06-30 | $50.81M | -4.08% |
| 2009-03-31 | $52.97M | 34.33% |
| 2008-12-31 | $39.43M | -7.16% |
| 2008-09-30 | $42.47M | -0.08% |
| 2008-06-30 | $42.51M | 2.83% |
| 2008-03-31 | $41.34M | 3.27% |
| 2007-12-31 | $40.03M | - |
First Merchants generated $267.34M in revenue during Q2 2024, up 2.04% compared to the previous quarter, and up 158.08% compared to the same period a year ago.
First Merchants Revenue Breakdown
First Merchants Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Fiduciary and Trust | $30.84M | $29.69M | $28.36M | $23.75M | $17.56M |
| Derivative Hedging | $3.38M | $3.39M | $3.85M | $6.98M | $5.36M |
| Financial Service, Other | $1.88M | $1.94M | $1.49M | $1.50M | $1.66M |
| Credit Card | $18.86M | $20.21M | $16.62M | $19.50M | $20.24M |
| Deposit Account | $30.84M | $28.37M | $23.57M | $21.00M | $22.95M |
First Merchants's latest annual revenue breakdown by segment (product or service), as of Dec 23: Fiduciary and Trust (35.94%), Deposit Account (35.94%), Credit Card (21.98%), Derivative Hedging (3.95%), and Financial Service, Other (2.19%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Sep 21 | Jun 21 | Mar 21 | Sep 20 | Jun 20 | Mar 20 | Sep 19 | Jun 19 | Mar 19 | Sep 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deposit Account | $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 | $5.44M | $5.09M | $5.62M |
| Financial Service, Other | $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 | $341.00K | $439.00K | $5.04M |
| Fiduciary and Trust | $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 | $3.93M | $3.82M | $3.67M |
| Derivative Hedging | $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 | $1.49M | $781.00K | - |
| Credit Card | $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 | $4.83M | $4.83M | - |
First Merchants's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Fiduciary and Trust (38.83%), Deposit Account (36.14%), Credit Card (20.85%), Derivative Hedging (2.15%), and Financial Service, Other (2.02%).
First Merchants Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| FRME | First Merchants | $996.17M | $267.34M |
| NBHC | National Bank | $559.33M | $146.48M |
| FBNC | First Bancorp | $546.25M | $143.42M |
| HBNC | Horizon Bancorp | $324.30M | $97.47M |
| GABC | German American Bancorp | $316.92M | $71.58M |
| IBCP | Independent Bank | $294.56M | $81.63M |
| NFBK | Northfield Bancorp, Inc. (Staten Island, NY) | $220.69M | $63.08M |
| HTBI | HomeTrust Bancshares | $186.37M | $73.53M |
| HBCP | Home Bancorp | $178.87M | $49.13M |
| FNWB | First Northwest Bancorp | $104.92M | $28.10M |
| FNWD | Finward Bancorp | $96.53M | $24.70M |
| FFNW | First Financial Northwest | $80.93M | $20.02M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| GSBC | Great Southern Bancorp | $46.29M | $84.15M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| BKSC | Bank of South Carolina | $20.96M | $5.02M |
| OFED | Oconee Federal Financial | $16.61M | $3.21M |
FRME Revenue FAQ
What is First Merchants’s yearly revenue?
First Merchants's yearly revenue for 2023 was $996.17M, representing an increase of 58.59% compared to 2022. The company's yearly revenue for 2022 was $628.14M, representing an increase of 20.80% compared to 2021. FRME's yearly revenue for 2021 was $520M, representing an increase of 5.68% compared to 2020.
What is First Merchants’s quarterly revenue?
First Merchants's quarterly revenue for Q2 2024 was $267.34M, a 2.04% increase from the previous quarter (Q1 2024), and a 62.86% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $262M, a 0.06% increase from the previous quarter (Q4 2023), and a 54.93% increase year-over-year (Q1 2023). FRME's quarterly revenue for Q4 2023 was $261.84M, a 62.41% increase from the previous quarter (Q3 2023), and a 51.26% increase year-over-year (Q4 2022).
What is First Merchants’s revenue growth rate?
First Merchants's revenue growth rate for the last 3 years (2021-2023) was 91.57%, and for the last 5 years (2019-2023) was 124.69%.
What are First Merchants’s revenue streams?
First Merchants's revenue streams in c 23 are Fiduciary and Trust, Derivative Hedging, Financial Service, Other, Credit Card, and Deposit Account. Fiduciary and Trust generated $30.84M in revenue, accounting 35.94% of the company's total revenue, up 3.88% year-over-year. Derivative Hedging generated $3.38M in revenue, accounting 3.95% of the company's total revenue, down -0.09% year-over-year. Financial Service, Other generated $1.88M in revenue, accounting 2.19% of the company's total revenue, down -2.84% year-over-year. Credit Card generated $18.86M in revenue, accounting 21.98% of the company's total revenue, down -6.66% year-over-year. Deposit Account generated $30.84M in revenue, accounting 35.94% of the company's total revenue, up 8.69% year-over-year.
What is First Merchants’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of First Merchants was Fiduciary and Trust. This segment made a revenue of $30.84M, representing 35.94% of the company's total revenue.