First Merchants (FRME) Interest Coverage Ratio (2010 - 2026)
First Merchants (FRME) posted quarterly Interest Coverage Ratio of 0.63 for Q2 2026, down 74.32% year-over-year from 2.44 in Q2 2025, and down 2.79% on a QoQ basis from 0.61 in Q1 2026.
First Merchants (FRME) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
First Merchants has reported Interest Coverage Ratio for 17 years, with the latest figure at 0.63 in Q2 2026.
- Interest Coverage Ratio for Q2 2026 came in at 0.63, down 74.32% year-over-year; the trailing twelve-month figure through Jun 2026 was 2.36 (down 62.68% YoY), and the FY2025 annual result was 0.91, down 11.29% from the prior year.
- Interest Coverage Ratio eased to 0.63 in Q2 2026, from 0.61 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 0.23 in Q3 2023 and troughed at 2.16 in Q4 2022.
- A 5-year average of 0.58 and a median of 0.41 in 2022 frame the typical range for Interest Coverage Ratio.
- The widest annual swing landed in 2022, when Interest Coverage Ratio soared 94.77%; it then slumped 98.96% in 2024.
- A 5-year view of Interest Coverage Ratio shows it stood at 2.16 in 2022, then soared by 58.87% to 0.89 in 2023, then grew by 1.61% to 0.88 in 2024, then declined by 10.03% to 0.96 in 2025, then soared by 34.9% to 0.63 in 2026.
- Per Business Quant data, the three most recent Interest Coverage Ratio figures were 0.63 in Q2 2026, 0.61 in Q1 2026, and 0.96 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 2.00 |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 1.84 |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | 0.27 |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | 1.49 |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 1.77 |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 1.90 |
| 10 | First Merchants | 2.62 Bn | 2.62 Bn | 7.27 Mn | -1.06 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -0.63 |
| Mar 31, 2026 | -0.61 |
| Dec 31, 2025 | -0.93 |
| Sep 30, 2025 | -0.45 |
| Jun 30, 2025 | -0.38 |
| Mar 31, 2025 | -0.37 |
| Dec 31, 2024 | 0.35 |
| Sep 30, 2024 | -0.46 |
| Jun 30, 2024 | -0.32 |
| Mar 31, 2024 | -0.36 |
| Dec 31, 2023 | 0.56 |
| Sep 30, 2023 | -0.25 |
| Jun 30, 2023 | -0.32 |
| Mar 31, 2023 | -0.38 |
| Dec 31, 2022 | -2.64 |
| Sep 30, 2022 | -0.25 |
| Jun 30, 2022 | -0.38 |
| Mar 31, 2022 | -9.18 |
| Dec 31, 2021 | -5.47 |
| Sep 30, 2021 | -4.13 |