KPIs & Operating Metrics(New)

First Merchants (FRME) Free Cash Flow (2012 - 2026)

First Merchants posted quarterly Free Cash Flow of $58.6 million for Q1 2026, down 5.04% year-on-year from $61.7 million in Q1 2025, and down 27.41% on a QoQ basis from $80.7 million in Q4 2025.

First Merchants (FRME) has 15 years of Free Cash Flow data on file, last reported at $58.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow fell 5.04% year-over-year to $58.6 million; the trailing twelve-month figure through Mar 2026 stood at $280.5 million (up 4.26% YoY), and the FY2025 full-year result was $283.6 million, up 6.55% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $58.6 million, down from $80.7 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $139.6 million in Q4 2022 and bottomed at $25.4 million in Q2 2023.
  • The 5-year median for Free Cash Flow is $63.0 million (2024), against an average of $67.7 million.
  • The widest annual swing landed in 2022, when Free Cash Flow jumped 159.42%; it then sank 53.0% in 2023.
  • A 5-year view of Free Cash Flow shows it stood at $139.6 million in 2022, then slumped by 53.0% to $65.6 million in 2023, then advanced by 2.88% to $67.5 million in 2024, then climbed by 19.57% to $80.7 million in 2025, then retreated by 27.41% to $58.6 million in 2026.
  • The last three Free Cash Flow figures came in at $58.6 million (Q1 2026), $80.7 million (Q4 2025), and $87.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Bank Of Chile 90,891.20 Bn 90,891.20 Bn - -172,298.00
2 Bank Bradesco 6,807.69 Bn 6,791.75 Bn - -
3 Lloyds Banking 426.28 Bn 426.28 Bn - -
4 NatWest 184.56 Bn 184.56 Bn - -
5 First Capital 181.18 Bn 181.03 Bn - 5.85 Mn
6 Landmark Bancorp 164.67 Bn 164.64 Bn - 6.71 Mn
7 Deutsche Bank Aktiengesellschaft 161.63 Bn -151,939.28 Bn - -
8 KB Financial 150.02 Bn 142.15 Bn - 390,677.59
9 Pnc Financial Services 88.79 Bn 88.84 Bn - 1.93 Bn
10 First Merchants 2.44 Bn 2.44 Bn -1.01 Mn 58.59 Mn

Historic Data

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DateValue
Mar 31, 2026 58.59 Mn
Mar 31, 2026 58.59 Mn
Dec 31, 2025 80.71 Mn
Dec 31, 2025 80.71 Mn
Sep 30, 2025 87.56 Mn
Sep 30, 2025 87.56 Mn
Jun 30, 2025 53.68 Mn
Jun 30, 2025 53.68 Mn
Mar 31, 2025 61.70 Mn
Mar 31, 2025 61.70 Mn
Dec 31, 2024 67.50 Mn
Dec 31, 2024 67.50 Mn
Sep 30, 2024 76.83 Mn
Sep 30, 2024 76.83 Mn
Jun 30, 2024 63.03 Mn
Jun 30, 2024 63.03 Mn
Mar 31, 2024 58.85 Mn
Mar 31, 2024 58.85 Mn
Dec 31, 2023 65.62 Mn
Dec 31, 2023 65.62 Mn
Sep 30, 2023 80.25 Mn
Sep 30, 2023 80.25 Mn
Jun 30, 2023 25.36 Mn
Jun 30, 2023 25.36 Mn
Mar 31, 2023 87.61 Mn
Mar 31, 2023 87.61 Mn
Dec 31, 2022 139.61 Mn
Dec 31, 2022 139.61 Mn
Sep 30, 2022 49.62 Mn
Sep 30, 2022 49.62 Mn
Jun 30, 2022 44.84 Mn
Jun 30, 2022 44.84 Mn
Mar 31, 2022 50.22 Mn
Mar 31, 2022 50.22 Mn
Dec 31, 2021 53.81 Mn
Dec 31, 2021 53.81 Mn
Sep 30, 2021 66.41 Mn
Sep 30, 2021 66.41 Mn
Jun 30, 2021 42.31 Mn
Jun 30, 2021 42.31 Mn
Mar 31, 2021 52.81 Mn
Mar 31, 2021 52.81 Mn
Dec 31, 2020 59.50 Mn
Dec 31, 2020 59.50 Mn
Sep 30, 2020 29.63 Mn
Sep 30, 2020 29.63 Mn
Jun 30, 2020 43.21 Mn
Jun 30, 2020 43.21 Mn
Mar 31, 2020 71.49 Mn
Mar 31, 2020 71.49 Mn
Dec 31, 2019 40.20 Mn
Dec 31, 2019 40.20 Mn
Sep 30, 2019 53.52 Mn
Sep 30, 2019 53.52 Mn
Jun 30, 2019 31.07 Mn
Jun 30, 2019 31.07 Mn
Mar 31, 2019 51.94 Mn
Mar 31, 2019 51.94 Mn
Dec 31, 2018 44.08 Mn
Dec 31, 2018 44.08 Mn
Sep 30, 2018 54.43 Mn
Sep 30, 2018 54.43 Mn
Jun 30, 2018 50.73 Mn
Jun 30, 2018 50.73 Mn
Mar 31, 2018 31.00 Mn
Mar 31, 2018 31.00 Mn
Dec 31, 2017 47.14 Mn
Dec 31, 2017 47.14 Mn
Sep 30, 2017 21.87 Mn
Sep 30, 2017 21.87 Mn
Jun 30, 2017 22.17 Mn
Jun 30, 2017 22.17 Mn
Mar 31, 2017 35.33 Mn
Mar 31, 2017 35.33 Mn
Dec 31, 2016 22.92 Mn
Dec 31, 2016 22.92 Mn
Sep 30, 2016 48.12 Mn
Sep 30, 2016 48.12 Mn
Jun 30, 2016 7.88 Mn
Jun 30, 2016 7.88 Mn
Mar 31, 2016 24.80 Mn
Mar 31, 2016 24.80 Mn
Dec 31, 2015 2.61 Mn
Dec 31, 2015 2.61 Mn
Sep 30, 2015 17.64 Mn
Sep 30, 2015 17.64 Mn
Jun 30, 2015 18.71 Mn
Jun 30, 2015 18.71 Mn
Mar 31, 2015 17.70 Mn
Mar 31, 2015 17.70 Mn
Dec 31, 2014 23.43 Mn
Dec 31, 2014 23.43 Mn
Sep 30, 2014 23.77 Mn
Sep 30, 2014 23.77 Mn
Jun 30, 2014 22.06 Mn
Jun 30, 2014 22.06 Mn
Mar 31, 2014 6.58 Mn
Mar 31, 2014 6.58 Mn
Dec 31, 2013 116.87 Mn
Dec 31, 2013 116.87 Mn
Sep 30, 2013 22.46 Mn
Sep 30, 2013 22.46 Mn
Jun 30, 2013 31.96 Mn
Jun 30, 2013 31.96 Mn
Mar 31, 2013 11.84 Mn
Mar 31, 2013 11.84 Mn
Dec 31, 2012 23.08 Mn
Dec 31, 2012 23.08 Mn
Sep 30, 2012 9.62 Mn
Sep 30, 2012 9.62 Mn
Jun 30, 2012 27.06 Mn
Jun 30, 2012 27.06 Mn
Mar 31, 2012 10.52 Mn
Mar 31, 2012 10.52 Mn