First Merchants (FRME) Interest Expense - Deposits (2009 - 2026)
First Merchants (FRME) recorded Interest Expense - Deposits of $91.31 million in Q3 2026, up 0.5% from $90.82 million a year earlier and up 5.9% from the prior quarter.
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Analysis
First Merchants (FRME) Interest Expense - Deposits (2009 - 2026) Analysis & Trends
On a TTM basis, First Merchants' Interest Expense - Deposits came in at $350.33 million as of Sep 30, 2026, up 1.4% year-over-year; for FY2025, it was $344.28 million, down 10.8% from FY2024.
- Annual Interest Expense - Deposits has a five-year compound annual growth rate of 46.1% (FY2020 to FY2025).
- Across earlier years, Interest Expense - Deposits came in at $386.13 million in FY2024 (+26.1%), $306.09 million in FY2023 (+386.3%), $62.94 million in FY2022 (+169.9%) and $23.32 million in FY2021 (-54.9%).
- The Q3 2026 figure is the highest quarterly Interest Expense - Deposits since Q3 2024.
- On a year-over-year basis, Interest Expense - Deposits has increased for three consecutive quarters, with an average decline of 5.3% over the last eight quarters.
- Peak year-over-year performance for Interest Expense - Deposits in the last five years was growth of 762.7% in Q2 2023, against a decline of 30.7% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $86.25 million (Q2 2026), $84.09 million (Q1 2026) and $88.67 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense - Deposits (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 11.40 Bn |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 7.61 Bn |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 3.09 Bn |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 7.85 Bn |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 5.09 Bn |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 5.85 Bn |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | 3.48 Bn |
| 10 | First Merchants | 256.31 Mn | 256.31 Mn | - | 91.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 91.31 Mn |
| Jun 30, 2026 | 86.25 Mn |
| Mar 31, 2026 | 84.09 Mn |
| Dec 31, 2025 | 88.67 Mn |
| Sep 30, 2025 | 90.82 Mn |
| Jun 30, 2025 | 84.24 Mn |
| Mar 31, 2025 | 80.55 Mn |
| Dec 31, 2024 | 89.84 Mn |
| Sep 30, 2024 | 98.86 Mn |
| Jun 30, 2024 | 99.15 Mn |
| Mar 31, 2024 | 98.29 Mn |
| Dec 31, 2023 | 96.66 Mn |
| Sep 30, 2023 | 85.55 Mn |
| Jun 30, 2023 | 73.20 Mn |
| Mar 31, 2023 | 50.69 Mn |
| Dec 31, 2022 | 33.52 Mn |
| Sep 30, 2022 | 16.64 Mn |
| Jun 30, 2022 | 8.49 Mn |
| Mar 31, 2022 | 4.29 Mn |
| Dec 31, 2021 | 5.59 Mn |
API Access
First Merchants Interest Expense - Deposits 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-deposits&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-deposits", "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-deposits&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();