First Merchants (FRME) Free Cash Flow (2012 - 2026)
First Merchants' Free Cash Flow was $88.04 million in Q2 2026, up 64.0% from $53.68 million a year earlier and up 50.3% from the prior quarter.
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Analysis
First Merchants (FRME) Free Cash Flow (2012 - 2026) Analysis & Trends
On a trailing twelve-month basis, First Merchants' Free Cash Flow was $314.9 million through Jun 30, 2026, up 21.3% year-over-year; for FY2025, it came in at $283.65 million, up 6.5% from FY2024.
- Free Cash Flow shows a five-year compound annual growth rate of 6.8% (FY2020 to FY2025).
- In earlier years, Free Cash Flow was $266.21 million in FY2024 (+2.9%), $258.83 million in FY2023 (-9.0%), $284.29 million in FY2022 (+32.0%) and $215.34 million in FY2021 (+5.6%).
- The Q2 2026 figure marks the highest quarterly Free Cash Flow since Q4 2022.
- Compared with a year earlier, Free Cash Flow was higher in five of the last eight quarters, with growth averaging 10.1%.
- The best year-over-year quarter for Free Cash Flow over five years was Q4 2022 (growth of 159.4%); the worst was Q4 2023 (a decline of 53.0%).
- Per Business Quant data, FRME's Free Cash Flow in the three quarters before Q2 2026 was $58.59 million (Q1 2026), $80.71 million (Q4 2025) and $87.56 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 879.54 Bn | 909.01 Bn | - | -25.28 Bn |
| 2 | Banco Santander Chile | 418.48 Bn | 538.42 Bn | - | - |
| 3 | Bank Of America | 381.92 Bn | -1,994.15 Bn | - | 29.04 Bn |
| 4 | Hsbc Holdings | 341.10 Bn | 341.15 Bn | - | - |
| 5 | Morgan Stanley | 295.71 Bn | -213.38 Bn | - | -3.57 Bn |
| 6 | Royal Bank Of Canada | 275.38 Bn | 126.13 Bn | - | 25.17 Bn |
| 7 | Mitsubishi Ufj Financial | 273.79 Bn | -1,314.70 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 262.78 Bn | -3,294.34 Bn | - | 5.60 Bn |
| 9 | Wells Fargo & Company | 242.61 Bn | 244.75 Bn | - | 6.78 Bn |
| 10 | First Merchants | 2.47 Bn | 2.47 Bn | - | 88.04 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 88.04 Mn |
| Mar 31, 2026 | 58.59 Mn |
| Dec 31, 2025 | 80.71 Mn |
| Sep 30, 2025 | 87.56 Mn |
| Jun 30, 2025 | 53.68 Mn |
| Mar 31, 2025 | 61.70 Mn |
| Dec 31, 2024 | 67.50 Mn |
| Sep 30, 2024 | 76.83 Mn |
| Jun 30, 2024 | 63.03 Mn |
| Mar 31, 2024 | 58.85 Mn |
| Dec 31, 2023 | 65.62 Mn |
| Sep 30, 2023 | 80.25 Mn |
| Jun 30, 2023 | 25.36 Mn |
| Mar 31, 2023 | 87.61 Mn |
| Dec 31, 2022 | 139.61 Mn |
| Sep 30, 2022 | 49.62 Mn |
| Jun 30, 2022 | 44.84 Mn |
| Mar 31, 2022 | 50.22 Mn |
| Dec 31, 2021 | 53.81 Mn |
| Sep 30, 2021 | 66.41 Mn |
API Access
First Merchants Free Cash Flow 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=free-cash-flow&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();