$FRME

Simply Wall St reports First Merchants (FRME) posted higher net interest income for Q2 and six months 2026, but lower net income and EPS year over year. Net interest income rose to $158.94 million (quarter) and $310.24 million (six months), while EPS fell. The company repurchased 2,187,855 shares for $85.15 million and continued dividends on its 7.50% preferred Series A.

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.

First Merchants (NASDAQ:FRME) reported Q2 revenue growth, with net interest income up $7.6M quarter over quarter to $165.3M and non-interest income up $1.6M after normalizing. Deposit rate fell to 2.07%. Credit provision was $33M tied to two commercial credits. Tangible book value rose to $29.80; expense run-rate guidance $111M-$114M. Share repurchases totaled $38.3M YTD.

First Merchants (NASDAQ: FRME) reported Q2 CY2026 revenue of $196.1 million, up 15% year on year but below Wall Street expectations. Non-GAAP profit was $0.74 per share, 28.3% under analysts’ consensus. The company cited expanding net interest margin and loan and deposit growth. Shares were about $43.78 after the report.

FIRST MERCHANTS CORP (FRME) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 a2q26earningsreleaseex991.htm EX-99.1 Document N / E / W / S R / E / L / E / A / S / E July 22, 2026 FOR IMMEDIATE RELEASE For more information, contact: Nicole M. Weaver, First Vice President and Director of Corporate Administration 765-521-7619 http://www.firstmerchan

First Merchants (FRME) will report Q2 earnings Wednesday after market close, according to the article. It previously reported $193.3M revenue, up 16.1% YoY, and beat EPS estimates. For Q2, analysts expect revenue growth of 18.9% YoY. The stock is up 7.8% over a month; average analyst price target is $48 vs $44.39.

Piper Sandler raised its price target on First Merchants Corp (FRME) to $51 from $49 and kept an Overweight rating, citing target adjustments for Midwest banks ahead of Q2 results. The article notes FRME’s adjusted earnings growth, expanded net interest margin, commercial loan strength, and strong capital, liquidity, and credit quality, plus Q1 acquisition of First Savings adding $2.4B in assets.

First Merchants Corporation (NASDAQ: FRMEP) declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A. Each depositary share (1/100 interest) pays $0.4688. Payment is Aug. 14, 2026, to holders of record July 30, 2026, according to the company.

FIRST MERCHANTS CORP (FRME) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. frme-20260701 0000712534 false 0000712534 2026-07-01 2026-07-01 0000712534 us-gaap:CommonStockMember 2026-07-01 2026-07-01 0000712534 frme:DepositarySharesMember 2026-07-01 2026-07-01 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PU

First Merchants Bank and the National Community Reinvestment Coalition (NCRC) announced a new $2.02 billion Community Benefits Agreement for 2026–2030, running Jan. 1, 2026 to Dec. 31, 2030, covering Indiana, Michigan and Ohio. The plan includes $650M mortgage lending, $464M small business lending, $700M community development lending, $200M investments and $6M philanthropy, according to the release.