First Merchants (FRME) Revenue & Revenue Breakdown

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First Merchants Revenue Highlights

Latest Revenue (Y)

$996.17M

Latest Revenue (Q)

$265.01M

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
2024-09-30	$265.01M	-0.87%
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	1.87%
2022-09-30	$169.92M	8.27%
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 $265.01M in revenue during Q3 2024, up -0.87% compared to the previous quarter, and up 161.44% 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	Sep 24	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
Deposit Account	$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	$5.44M	$5.09M
Financial Service, Other	$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	$341.00K	$439.00K
Fiduciary and Trust	$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	$3.93M	$3.82M
Derivative Hedging	$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	$1.49M	$781.00K
Credit Card	$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	$4.83M	$4.83M

First Merchants's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Fiduciary and Trust (36.93%), Deposit Account (36.22%), Credit Card (22.18%), Derivative Hedging (3.19%), and Financial Service, Other (1.49%).

First Merchants Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
FRME	First Merchants	$996.17M	$265.01M
NBHC	National Bank	$559.33M	$106.33M
FBNC	First Bancorp	$546.25M	$145.66M
HBNC	Horizon Bancorp	$324.30M	$90.89M
GABC	German American Bancorp	$316.92M	$88.45M
IBCP	Independent Bank	$294.56M	$83.22M
NFBK	Northfield Bancorp, Inc. (Staten Island, NY)	$220.69M	$62.90M
HTBI	HomeTrust Bancshares	$186.37M	$-145.70M
HBCP	Home Bancorp	$178.87M	$51.02M
FNWB	First Northwest Bancorp	$104.92M	$28.21M
FNWD	Finward Bancorp	$96.53M	$22.47M
FFNW	First Financial Northwest	$80.93M	$20.09M
CWBC	Community West Bancshares	$61.39M	$27.26M
GSBC	Great Southern Bancorp	$46.29M	$91.36M
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 Q3 2024 was $265.01M, a -0.87% decrease from the previous quarter (Q2 2024), and a 64.37% increase year-over-year (Q3 2023). The company'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). FRME'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).

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.