First Merchants (FRME) EBIT (2010 - 2026)
First Merchants (FRME) reported EBIT of -$126.2 million for Q1 2026, down 34.43% on a YoY basis from -$192.4 million in Q1 2025, and down 11.71% quarter-over-quarter from -$112.9 million in Q4 2025.
First Merchants (FRME) EBIT (2010 - 2026) Analysis & Trends
First Merchants has reported EBIT for 17 years, with the latest figure at -$126.2 million in Q1 2026.
- For the quarter ending Q1 2026, EBIT fell 34.43% year-over-year to -$126.2 million; the trailing twelve-month figure through Mar 2026 stood at -$431.4 million (down 18.18% YoY), and the FY2025 full-year result was -$387.0 million, down 9.3% from the prior year.
- EBIT for Q1 2026 stood at -$126.2 million, down from -$112.9 million in the prior quarter.
- The five-year high for EBIT was -$67.3 million in Q1 2022, with the low at -$131.5 million in Q4 2023.
- Historically, EBIT has averaged -$96.6 million across 5 years, with a median of -$93.9 million in 2022.
- Annual changes were most pronounced in 2022 — EBIT tumbled 48.71% — and 2024, when it surged 31.0%.
- First Merchants' EBIT stood at -$93.9 million in 2022, then slumped by 40.03% to -$131.5 million in 2023, then surged by 31.0% to -$90.7 million in 2024, then slipped by 24.44% to -$112.9 million in 2025, then slipped by 11.71% to -$126.2 million in 2026.
- The last three EBIT figures came in at -$126.2 million (Q1 2026), -$112.9 million (Q4 2025), and -$97.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 97,765.53 Bn | 97,765.53 Bn | - | 346,782.00 |
| 2 | Bank Bradesco | 6,846.93 Bn | 6,830.99 Bn | - | - |
| 3 | Lloyds Banking | 384.13 Bn | 384.40 Bn | - | 2.73 Bn |
| 4 | First Capital | 215.78 Bn | 215.63 Bn | - | 8.87 Mn |
| 5 | Itau Unibanco Holding | 202.78 Bn | 202.78 Bn | - | - |
| 6 | Landmark Bancorp | 180.37 Bn | 180.34 Bn | - | 11.54 Mn |
| 7 | NatWest | 168.65 Bn | -51.67 Bn | - | 2.74 Bn |
| 8 | Shinhan Financial | 136.54 Bn | 104.11 Bn | - | 1.47 Bn |
| 9 | Mizuho Financial | 112.02 Bn | 112.56 Bn | - | 1.91 Bn |
| 10 | First Merchants | 2.55 Bn | 2.55 Bn | -1.01 Mn | -126.15 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -126.15 Mn |
| Dec 31, 2025 | -112.93 Mn |
| Sep 30, 2025 | -97.58 Mn |
| Jun 30, 2025 | -94.76 Mn |
| Mar 31, 2025 | -93.84 Mn |
| Dec 31, 2024 | -90.75 Mn |
| Sep 30, 2024 | -96.12 Mn |
| Jun 30, 2024 | -84.36 Mn |
| Mar 31, 2024 | -97.71 Mn |
| Dec 31, 2023 | -131.52 Mn |
| Sep 30, 2023 | -95.84 Mn |
| Jun 30, 2023 | -86.30 Mn |
| Mar 31, 2023 | -87.67 Mn |
| Dec 31, 2022 | -93.92 Mn |
| Sep 30, 2022 | -91.61 Mn |
| Jun 30, 2022 | -93.55 Mn |
| Mar 31, 2022 | -67.34 Mn |
| Dec 31, 2021 | -71.56 Mn |
| Sep 30, 2021 | -66.81 Mn |
| Jun 30, 2021 | -62.91 Mn |