First Merchants Corp (FRME) EV to EBIT (2011 - 2026)
First Merchants' (FRME) EV to EBIT was 4.50 for Q2 2026, up 35.4% from 3.32 a year earlier and up 14.5% from the prior quarter.
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Analysis
First Merchants Corp (FRME) EV to EBIT (2011 - 2026) Analysis & Trends
For FY2025, EV to EBIT at First Merchants was 3.29, down 6.2% from FY2024.
- EV to EBIT has declined for five consecutive years.
- By year, EV to EBIT came in at 3.51 in FY2024 (-3.2%), 3.63 in FY2023 (-49.3%), 7.14 in FY2022 (-11.6%) and 8.08 in FY2021 (-5.3%).
- The Q2 2026 figure ranks as the highest quarterly EV to EBIT since Q1 2023.
- Year over year, EV to EBIT gained in five of the last eight quarters, with growth averaging 8.8%.
- The high point for year-over-year EV to EBIT in five years was Q3 2021 (growth of 66.4%); the low point was Q3 2023 (a decline of 65.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 3.93 (Q1 2026), 3.29 (Q4 2025) and 3.26 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.50 |
| Mar 31, 2026 | 3.93 |
| Dec 31, 2025 | 3.29 |
| Sep 30, 2025 | 3.26 |
| Jun 30, 2025 | 3.32 |
| Mar 31, 2025 | 3.59 |
| Dec 31, 2024 | 3.51 |
| Sep 30, 2024 | 3.40 |
| Jun 30, 2024 | 3.07 |
| Mar 31, 2024 | 3.23 |
| Dec 31, 2023 | 3.63 |
| Sep 30, 2023 | 2.85 |
| Jun 30, 2023 | 3.25 |
| Mar 31, 2023 | 4.70 |
| Dec 31, 2022 | 7.14 |
| Sep 30, 2022 | 8.22 |
| Jun 30, 2022 | 8.33 |
| Mar 31, 2022 | 8.17 |
| Dec 31, 2021 | 8.08 |
| Sep 30, 2021 | 8.08 |
API Access
First Merchants Corp EV to EBIT 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=ev-to-ebit&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "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=ev-to-ebit&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();