First Merchants Q3 2026 slides: margin hits 2-year high amid growth

First Merchants (FRME) reported Q3 2026 net income of $67.8M ($1.09 per diluted share), with adjusted EPS at $1.10. Net interest margin expanded 6 basis points to 3.44%. The company anticipates 8%-10% client-fee growth by 2027, targeting stable Q4 margins.

First Merchants (FRME) reported Q3 2026 earnings with net interest margin expanding to 3.44% and adjusted pretax pre provision earnings up 19% YoY to $83.7M. Loan growth was 1.8% annualized, while deposits grew 4.2%. Adjusted EPS rose 16% over two years to $2.87. The company completed a $100M subordinated debt issuance and repurchased $50.3M of common stock YTD.

First Merchants Corporation (FRME) reported Q3 Non-GAAP EPS of $1.10, beating estimates by $0.14, while revenue of $199M missed expectations by $6.6M, up 19.9% year-over-year. The company also announced its CEO's retirement and a $100M subordinated notes offering.

First Merchants (FRME) reported Q3 earnings of $1.1 per share, beating estimates by $0.06. Revenue was $205.33 million, up 23.6% year-over-year. The company has exceeded EPS and revenue estimates three times in the last four quarters. Shares are up 7% YTD. The stock has a Zacks Rank #3 (Hold).

FIRST MERCHANTS CORP (FRME) filed an SEC Form 8-K — Results of Operations and Financial Condition. N / E / W / S R / E / L / E / A / S / E October 21, 2026 FOR IMMEDIATE RELEASE For more information, contact: Nicole M. Weaver, First Vice President and Director of Corporate Administration 765-521-7619 http://www.firstmerchants.com SOURCE: First Merchants Corporation, Muncie, In

First Merchants (FRME) shares fell about 5% after the company reported Q2 2026 results below Wall Street expectations. Adjusted EPS was $0.74 on revenue of $196.1 million versus estimates of $1.03 EPS and $202.7 million revenue. Net interest income was $158.9 million versus $164.3 million consensus.