First Merchants (FRME) EBITDA Margin (2009 - 2026)
First Merchants' EBITDA Margin was 81.04% in Q2 2026, down 22.25 percentage points from 103.28% a year earlier and down 3.83 percentage points from the prior quarter.
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Analysis
First Merchants (FRME) EBITDA Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, First Merchants' EBITDA Margin was 92.05% through Jun 30, 2026, down 13.83 percentage points year-over-year; for FY2025, it was 102.17%, down 3.83 percentage points from FY2024.
- EBITDA Margin shows a five-year change of +51.90 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 106.00% in FY2024 (+10.85 pp), 95.15% in FY2023 (+39.07 pp), 56.08% in FY2022 (+0.81 pp) and 55.28% in FY2021 (+5.01 pp).
- The Q2 2026 figure marks the lowest quarterly EBITDA Margin since Q4 2022.
- Compared with a year earlier, EBITDA Margin has declined for four straight quarters, with an average year-over-year change of -4.75 percentage points over the last eight quarters.
- The best year-over-year quarter for EBITDA Margin over five years was Q2 2023 (a gain of 58.99 percentage points); the worst was Q2 2026 (a drop of 22.25 percentage points).
- Per Business Quant data, FRME's EBITDA Margin in the three quarters before Q2 2026 was 84.86% (Q1 2026), 98.50% (Q4 2025) and 105.16% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 97.78% |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 91.48% |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 100.96% |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 139.87% |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 142.21% |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 92.97% |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | - |
| 10 | First Merchants | 256.31 Mn | 256.31 Mn | - | 96.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 96.49% |
| Jun 30, 2026 | 81.04% |
| Mar 31, 2026 | 84.86% |
| Dec 31, 2025 | 98.50% |
| Sep 30, 2025 | 105.16% |
| Jun 30, 2025 | 103.28% |
| Mar 31, 2025 | 101.86% |
| Dec 31, 2024 | 109.05% |
| Sep 30, 2024 | 109.15% |
| Jun 30, 2024 | 97.11% |
| Mar 31, 2024 | 108.52% |
| Dec 31, 2023 | 100.24% |
| Sep 30, 2023 | 101.71% |
| Jun 30, 2023 | 96.21% |
| Mar 31, 2023 | 83.16% |
| Dec 31, 2022 | 74.20% |
| Sep 30, 2022 | 58.65% |
| Jun 30, 2022 | 37.22% |
| Mar 31, 2022 | 51.32% |
| Dec 31, 2021 | 51.93% |
API Access
First Merchants EBITDA Margin 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=ebitda-margin&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();