First Merchants (FRME) Enterprise Value (2010 - 2026)
First Merchants (FRME) reported Enterprise Value of $2.72 billion for Q2 2026, up 23.9% from $2.19 billion a year earlier and up 12.3% 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%).
- The Q2 2026 figure ranks as the highest quarterly Enterprise Value in data going back to Q4 2010.
- Year over year, Enterprise Value gained in six of the last eight quarters, with growth averaging 10.4%.
- The high point for year-over-year Enterprise Value in five years was Q3 2021 (growth of 79.4%); the low point was Q3 2023 (a decline of 27.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $2.42 billion (Q1 2026), $2.13 billion (Q4 2025) and $2.16 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 | - |
| 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 | - |
| 10 | First Merchants | 2.49 Bn | 2.49 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.72 Bn |
| Mar 31, 2026 | 2.42 Bn |
| Dec 31, 2025 | 2.13 Bn |
| Sep 30, 2025 | 2.16 Bn |
| Jun 30, 2025 | 2.19 Bn |
| Mar 31, 2025 | 2.34 Bn |
| Dec 31, 2024 | 2.31 Bn |
| Sep 30, 2024 | 2.16 Bn |
| Jun 30, 2024 | 1.93 Bn |
| Mar 31, 2024 | 2.04 Bn |
| Dec 31, 2023 | 2.20 Bn |
| Sep 30, 2023 | 1.65 Bn |
| Jun 30, 2023 | 1.67 Bn |
| Mar 31, 2023 | 1.95 Bn |
| Dec 31, 2022 | 2.43 Bn |
| Sep 30, 2022 | 2.29 Bn |
| Jun 30, 2022 | 2.10 Bn |
| Mar 31, 2022 | 2.22 Bn |
| Dec 31, 2021 | 2.24 Bn |
| Sep 30, 2021 | 2.24 Bn |
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();