First Merchants Corp (FRME) Interest Expense - Debt (2010 - 2026)
First Merchants (FRME) recorded Interest Expense - Debt of $13.19 million in Q2 2026, up 35.8% from $9.71 million a year earlier and up 19.4% from the prior quarter.
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Analysis
First Merchants Corp (FRME) Interest Expense - Debt (2010 - 2026) Analysis & Trends
On a TTM basis, First Merchants' Interest Expense - Debt came in at $40.92 million as of Jun 30, 2026, up 14.3% year-over-year; for FY2025, it came in at $35.76 million, up 19.7% from FY2024.
- Annual Interest Expense - Debt has increased for four straight years, with a five-year compound annual growth rate of 38.7% (FY2020 to FY2025).
- Across earlier years, Interest Expense - Debt came in at $29.89 million in FY2024 (+9.9%), $27.21 million in FY2023 (+138.3%), $11.42 million in FY2022 (+101.3%) and $5.67 million in FY2021 (-18.7%).
- The Q2 2026 figure is the highest quarterly Interest Expense - Debt in data going back to Q2 2010.
- On a year-over-year basis, Interest Expense - Debt rose in seven of the last eight quarters, with growth averaging 24.3%.
- Peak year-over-year performance for Interest Expense - Debt in the last five years was growth of 480.0% in Q1 2023, against a decline of 20.6% in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $11.05 million (Q1 2026), $8.05 million (Q4 2025) and $8.64 million (Q3 2025).
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Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.51 Mn |
| Mar 31, 2026 | 12.25 Mn |
| Dec 31, 2025 | 9.09 Mn |
| Sep 30, 2025 | 9.73 Mn |
| Jun 30, 2025 | 10.85 Mn |
| Mar 31, 2025 | 10.15 Mn |
| Dec 31, 2024 | 9.73 Mn |
| Sep 30, 2024 | 10.09 Mn |
| Jun 30, 2024 | 7.89 Mn |
| Mar 31, 2024 | 9.52 Mn |
| Dec 31, 2023 | 9.44 Mn |
| Sep 30, 2023 | 9.40 Mn |
| Jun 30, 2023 | 9.23 Mn |
| Mar 31, 2023 | 7.06 Mn |
| Dec 31, 2022 | 4.93 Mn |
| Sep 30, 2022 | 3.49 Mn |
| Jun 30, 2022 | 1.77 Mn |
| Mar 31, 2022 | 1.22 Mn |
| Dec 31, 2021 | 1.39 Mn |
| Sep 30, 2021 | 1.39 Mn |
API Access
First Merchants Corp Interest Expense - Debt 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=interest-expense-debt&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-debt", "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=interest-expense-debt&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();