First Merchants (FRME) Dividend Coverage Ratio (2012 - 2026)
First Merchants' (FRME) Dividend Coverage Ratio stood at 1.87 in Q2 2026, down 30.9% from 2.71 a year earlier but up 54.4% from the prior quarter.
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Analysis
First Merchants (FRME) Dividend Coverage Ratio (2012 - 2026) Analysis & Trends
On a TTM basis, First Merchants' Dividend Coverage Ratio came in at 2.10 as of Jun 30, 2026, down 22.8% year-over-year; for FY2025, it came in at 2.70, up 10.6% from FY2024.
- Across earlier years, Dividend Coverage Ratio came in at 2.44 in FY2024 (-11.8%), 2.77 in FY2023 (-8.6%), 3.03 in FY2022 (-9.6%) and 3.36 in FY2021 (+27.7%).
- Quarterly Dividend Coverage Ratio has ranged from 1.21 in Q1 2026 to 3.69 in Q4 2022 over the past five years.
- On a year-over-year basis, Dividend Coverage Ratio has declined for three consecutive quarters, with growth averaging 0.9% over the last eight quarters.
- Peak year-over-year performance for Dividend Coverage Ratio in the last five years was growth of 51.1% in Q4 2024, against a decline of 54.7% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 1.21 (Q1 2026), 2.72 (Q4 2025) and 2.71 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 890.60 Bn | 920.07 Bn | - | - |
| 2 | Banco Santander Chile | 421.74 Bn | 541.68 Bn | - | - |
| 3 | Bank Of America | 385.85 Bn | -1,990.22 Bn | - | 3.75 |
| 4 | Hsbc Holdings | 345.94 Bn | 345.99 Bn | - | - |
| 5 | Morgan Stanley | 303.15 Bn | -205.95 Bn | - | - |
| 6 | Royal Bank Of Canada | 279.82 Bn | 130.57 Bn | - | - |
| 7 | Mitsubishi Ufj Financial | 274.62 Bn | -1,313.87 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 267.07 Bn | -3,290.04 Bn | - | - |
| 9 | Wells Fargo & Company | 243.79 Bn | 245.93 Bn | - | 4.51 |
| 10 | First Merchants | 2.49 Bn | 2.49 Bn | - | 1.87 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.87 |
| Mar 31, 2026 | 1.21 |
| Dec 31, 2025 | 2.72 |
| Sep 30, 2025 | 2.71 |
| Jun 30, 2025 | 2.71 |
| Mar 31, 2025 | 2.68 |
| Dec 31, 2024 | 3.12 |
| Sep 30, 2024 | 2.37 |
| Jun 30, 2024 | 1.93 |
| Mar 31, 2024 | 2.36 |
| Dec 31, 2023 | 2.06 |
| Sep 30, 2023 | 2.75 |
| Jun 30, 2023 | 2.98 |
| Mar 31, 2023 | 3.33 |
| Dec 31, 2022 | 3.69 |
| Sep 30, 2022 | 3.32 |
| Jun 30, 2022 | 2.02 |
| Mar 31, 2022 | 3.11 |
| Dec 31, 2021 | 3.06 |
| Sep 30, 2021 | 3.36 |
API Access
First Merchants Dividend Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "dividend-coverage-ratio", "ticker": "FRME", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();