Skip to content
Optionomics Free · No account needed

Earnings analysis · 10-Q

FRME earnings analysis

Filed May 1, 2026 · Our reading of the company's report

The latest report

First Merchants reported Q1 2026 results with an adjusted diluted EPS of $1.03, surpassing the estimate of $0.96, while revenue of $157.1 million fell short of the estimated $185.1 million. The results were impacted by…

Read full summary

First Merchants reported Q1 2026 results with an adjusted diluted EPS of $1.03, surpassing the estimate of $0.96, while revenue of $157.1 million fell short of the estimated $185.1 million. The results were impacted by acquisition-related costs and mark-to-market losses on mortgage loans, although management did not provide explicit forward guidance for revenue or EPS.

Read the original on SEC.gov

Reported figures

Earnings per share
$1.03
Gross margin
63.5%

What stood out

  • Adjusted EPS Beat Estimates

    Reported adjusted diluted EPS was $1.03 compared to an estimate of $0.96, yielding an EPS surprise of +7.29%.

  • Revenue Missed Consensus

    Total revenue was $157.1 million, which was 15.11% lower than the expected $185.1 million.

  • Profit Margins Display Strength

    Gross margin was reported at 63.5%, reflecting stability similar to prior periods.

  • Continued Stock Repurchase Program

    The Corporation repurchased 669,012 shares during the quarter, showing commitment to shareholder returns.

  • Positive NIM Trends

    Management indicates net interest margin (NIM) improvements, enhancing income stability.

What to watch

  • Acquisition-Related Expenses

    Continued integration costs from recent acquisitions adversely affected Q1 results.

  • Mark-to-Market Losses

    The company incurred a significant mark-to-market loss on mortgage loans during the quarter.

  • Market Sensitivity to Interest Rates

    The earnings may be impacted by fluctuations in interest rates, as modeled in varying scenarios.

Management's outlook

Management provided no explicit forward revenue or EPS guidance.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.