First Merchants (FRME) FCF Payout Ratio (2012 - 2026)

First Merchants' (FRME) quarterly FCF Payout Ratio came in at 0.39 in Q1 2026, up 17.3% year-on-year from 0.33 in Q1 2025, and up 50.99% quarter-over-quarter from 0.26 in Q4 2025.

First Merchants (FRME) FCF Payout Ratio (2012 - 2026) Analysis & Trends

First Merchants' FCF Payout Ratio history runs 15 years deep, the most recent figure standing at 0.39 for Q1 2026.

  • On a quarterly basis, FCF Payout Ratio rose 17.3% year-over-year to 0.39 in Q1 2026; TTM through Mar 2026 was 0.3, a 0.24% change from a year earlier, with the FY2025 full-year figure at 0.29, down 4.66% from the prior year.
  • FCF Payout Ratio rose to 0.39 in Q1 2026 per FRME's latest filing, from 0.26 in the prior quarter.
  • Across five years, FCF Payout Ratio topped out at 0.8 in Q2 2023 and bottomed at 0.14 in Q4 2022.
  • The 5-year median for FCF Payout Ratio is 0.31 (2022), against an average of 0.33.
  • Across the five-year window, FCF Payout Ratio jumped 127.14% in 2023 and plunged 59.41% in 2024, its largest moves.
  • Year by year, FCF Payout Ratio stood at 0.14 in 2022, then soared by 127.14% to 0.31 in 2023, then dropped by 2.18% to 0.3 in 2024, then decreased by 14.96% to 0.26 in 2025, then surged by 50.99% to 0.39 in 2026.
  • Per Business Quant, the three latest FRME FCF Payout Ratio figures stand at 0.39 (Q1 2026), 0.26 (Q4 2025), and 0.24 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 KB Financial 43,124.21 Bn 43,125.44 Bn -775,612.08 -
2 Shinhan Financial 33,971.34 Bn 33,973.00 Bn - -1.36
3 Bank Of Chile 4,105.33 Bn 4,105.33 Bn 167,623.00 5.86
4 NatWest 768.74 Bn 572.78 Bn 1.79 Bn -
5 Mizuho Financial 385.64 Bn 389.59 Bn - -
6 Lloyds Banking 358.14 Bn 358.14 Bn - -
7 First Capital 200.03 Bn 199.69 Bn - 0.18
8 Landmark Bancorp 187.97 Bn 187.94 Bn - 0.19
9 Pnc Financial Services 100.96 Bn 101.01 Bn - 0.36
10 First Merchants 2.62 Bn 2.62 Bn 7.44 Mn 0.39

Historic Data

Download Data
DateValue
Mar 31, 2026 0.39
Dec 31, 2025 0.26
Sep 30, 2025 0.24
Jun 30, 2025 0.39
Mar 31, 2025 0.33
Dec 31, 2024 0.30
Sep 30, 2024 0.27
Jun 30, 2024 0.32
Mar 31, 2024 0.34
Dec 31, 2023 0.31
Sep 30, 2023 0.25
Jun 30, 2023 0.80
Mar 31, 2023 0.22
Dec 31, 2022 0.14
Sep 30, 2022 0.38
Jun 30, 2022 0.42
Mar 31, 2022 0.31
Dec 31, 2021 0.29
Sep 30, 2021 0.24
Jun 30, 2021 0.37