First Merchants (FRME) EBITDA (2010 - 2026)
First Merchants' (FRME) quarterly EBITDA came in at -$117.7 million in Q1 2026, down 31.18% year-on-year from -$171.0 million in Q1 2025, and down 28.07% quarter-over-quarter from -$91.9 million in Q4 2025.
First Merchants (FRME) EBITDA (2010 - 2026) Analysis & Trends
First Merchants' EBITDA history runs 17 years deep, the most recent figure standing at -$117.7 million for Q1 2026.
- On a quarterly basis, EBITDA fell 31.18% year-over-year to -$117.7 million in Q1 2026; TTM through Mar 2026 was -$390.0 million, a 4.15% decrease from a year earlier, with the FY2025 full-year figure at -$354.9 million, up 7.85% from the prior year.
- EBITDA eased to -$117.7 million in Q1 2026 per FRME's latest filing, from -$91.9 million in the prior quarter.
- Across five years, EBITDA topped out at -$66.6 million in Q1 2022 and bottomed at -$132.0 million in Q4 2023.
- The 5-year median for EBITDA is -$91.9 million (2025), against an average of -$96.0 million.
- Across the five-year window, EBITDA tumbled 108.97% in 2022 and increased 17.7% in 2025, its largest moves.
- Year by year, EBITDA stood at -$110.7 million in 2022, then slipped by 19.21% to -$132.0 million in 2023, then advanced by 15.4% to -$111.7 million in 2024, then increased by 17.7% to -$91.9 million in 2025, then dropped by 28.07% to -$117.7 million in 2026.
- Per Business Quant, the three latest FRME EBITDA figures stand at -$117.7 million (Q1 2026), -$91.9 million (Q4 2025), and -$89.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | 1.84 Bn |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | 1.45 Bn |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | 748,885.00 |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | 4.13 Bn |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | 5.83 Bn |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | 2.73 Bn |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | 25.35 Mn |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 11.62 Mn |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | 4.72 Bn |
| 10 | First Merchants | 2.62 Bn | 2.62 Bn | 7.44 Mn | -117.71 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -117.71 Mn |
| Dec 31, 2025 | -91.91 Mn |
| Sep 30, 2025 | -89.76 Mn |
| Jun 30, 2025 | -90.66 Mn |
| Mar 31, 2025 | -89.73 Mn |
| Dec 31, 2024 | -111.68 Mn |
| Sep 30, 2024 | -88.10 Mn |
| Jun 30, 2024 | -84.97 Mn |
| Mar 31, 2024 | -89.93 Mn |
| Dec 31, 2023 | -132.02 Mn |
| Sep 30, 2023 | -95.71 Mn |
| Jun 30, 2023 | -86.30 Mn |
| Mar 31, 2023 | -93.88 Mn |
| Dec 31, 2022 | -110.74 Mn |
| Sep 30, 2022 | -98.08 Mn |
| Jun 30, 2022 | -93.55 Mn |
| Mar 31, 2022 | -66.64 Mn |
| Dec 31, 2021 | -52.99 Mn |
| Sep 30, 2021 | -66.81 Mn |
| Jun 30, 2021 | -64.82 Mn |