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First Merchants (FRME) Interest Coverage Ratio: 2016-2025

Historic Interest Coverage Ratio for First Merchants (FRME) over the last 10 years, with Sep 2025 value amounting to -0.88.

  • First Merchants' Interest Coverage Ratio fell 10.67% to -0.88 in Q3 2025 from the same period last year, while for Sep 2025 it was -0.90, marking a year-over-year decrease of 7.04%. This contributed to the annual value of -0.83 for FY2024, which is 21.14% up from last year.
  • First Merchants' Interest Coverage Ratio amounted to -0.88 in Q3 2025, which was up 1.35% from -0.90 recorded in Q2 2025.
  • In the past 5 years, First Merchants' Interest Coverage Ratio registered a high of -0.78 during Q2 2024, and its lowest value of -9.05 during Q1 2022.
  • For the 3-year period, First Merchants' Interest Coverage Ratio averaged around -0.94, with its median value being -0.90 (2024).
  • Per our database at Business Quant, First Merchants' Interest Coverage Ratio crashed by 172.49% in 2021 and then soared by 85.90% in 2023.
  • Quarterly analysis of 5 years shows First Merchants' Interest Coverage Ratio stood at -7.71 in 2021, then spiked by 73.64% to -2.03 in 2022, then surged by 52.55% to -0.96 in 2023, then increased by 6.66% to -0.90 in 2024, then decreased by 10.67% to -0.88 in 2025.
  • Its last three reported values are -0.88 in Q3 2025, -0.90 for Q2 2025, and -0.93 during Q1 2025.