First Merchants (FRME) Interest Expense - Debt (2009 - 2026)
First Merchants (FRME) recorded Interest Expense - Debt of $14.51 million in Q2 2026, up 33.7% from $10.85 million a year earlier and up 18.4% from the prior quarter.
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Analysis
First Merchants (FRME) Interest Expense - Debt (2009 - 2026) Analysis & Trends
On a TTM basis, First Merchants' Interest Expense - Debt came in at $45.58 million as of Jun 30, 2026, up 11.7% year-over-year; for FY2025, it came in at $39.82 million, up 7.0% from FY2024.
- Annual Interest Expense - Debt has a five-year compound annual growth rate of 41.7% (FY2020 to FY2025).
- Across earlier years, Interest Expense - Debt came in at $37.23 million in FY2024 (-0.8%), $37.52 million in FY2023 (+93.2%), $19.43 million in FY2022 (+242.5%) 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 six of the last eight quarters, with growth averaging 12.3%.
- 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 $12.25 million (Q1 2026), $9.09 million (Q4 2025) and $9.73 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense - Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 4.66 Bn |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 3.08 Bn |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 3.46 Bn |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 1.07 Bn |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 3.05 Bn |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 2.43 Bn |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | 39.83 Bn |
| 10 | First Merchants | 256.31 Mn | 256.31 Mn | - | 10.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.96 Mn |
| 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 | 158.38 Mn |
| Dec 31, 2022 | 156.23 Mn |
| Sep 30, 2022 | 154.79 Mn |
| Jun 30, 2022 | 153.07 Mn |
| Mar 31, 2022 | 119.90 Mn |
| Dec 31, 2021 | 118.62 Mn |
API Access
First Merchants 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();