First Merchants (FRME) Enterprise Value (2010 - 2026)
First Merchants (FRME) reported Enterprise Value of $2.47 billion for Q3 2026, up 14.8% from $2.16 billion a year earlier but down 8.9% from the prior quarter.
Powered by 
Analysis
First Merchants (FRME) Enterprise Value (2010 - 2026) Analysis & Trends
For FY2025, First Merchants posted Enterprise Value of $2.13 billion, down 7.7% from FY2024.
- Enterprise Value has a five-year compound annual growth rate of 1.1% (FY2020 to FY2025).
- By year, Enterprise Value came in at $2.31 billion in FY2024 (+5.0%), $2.2 billion in FY2023 (-9.4%), $2.43 billion in FY2022 (+8.7%) and $2.24 billion in FY2021 (+10.9%).
- Five-year quarterly Enterprise Value spans a low of $1.65 billion in Q3 2023 and a high of $2.72 billion in Q2 2026.
- Year over year, Enterprise Value has now increased in each of the last three quarters, with growth averaging 8.4% over the last eight quarters.
- The high point for year-over-year Enterprise Value in five years was Q3 2024 (growth of 30.8%); the low point was Q3 2023 (a decline of 27.8%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $2.72 billion (Q2 2026), $2.42 billion (Q1 2026) and $2.13 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn |
| 10 | First Merchants | 256.31 Mn | 256.31 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 247.47 Mn |
| Jun 30, 2026 | 271.78 Mn |
| Mar 31, 2026 | 242.09 Mn |
| Dec 31, 2025 | 213.46 Mn |
| Sep 30, 2025 | 215.62 Mn |
| Jun 30, 2025 | 219.35 Mn |
| Mar 31, 2025 | 233.78 Mn |
| Dec 31, 2024 | 231.26 Mn |
| Sep 30, 2024 | 216.20 Mn |
| Jun 30, 2024 | 193.23 Mn |
| Mar 31, 2024 | 204.39 Mn |
| Dec 31, 2023 | 220.34 Mn |
| Sep 30, 2023 | 165.25 Mn |
| Jun 30, 2023 | 167.40 Mn |
| Mar 31, 2023 | 195.25 Mn |
| Dec 31, 2022 | 243.25 Mn |
| Sep 30, 2022 | 228.77 Mn |
| Jun 30, 2022 | 210.37 Mn |
| Mar 31, 2022 | 222.25 Mn |
| Dec 31, 2021 | 223.74 Mn |
API Access
First Merchants Enterprise Value 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=enterprise-value&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();