First Merchants (FRME) Interest Expense - Fed Funds (2010 - 2026)
First Merchants' Interest Expense - Fed Funds came in at $717,000 for Q2 2026, down 25.7% from $965,000 a year earlier but up 21.5% from the prior quarter.
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Analysis
First Merchants (FRME) Interest Expense - Fed Funds (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, First Merchants reported Interest Expense - Fed Funds of $2.37 million, down 25.1% year-over-year; for FY2025, it came in at $2.46 million, down 19.4% from FY2024.
- Interest Expense - Fed Funds carries a five-year compound annual growth rate of 32.5% (FY2020 to FY2025).
- Going back by year, Interest Expense - Fed Funds was $3.06 million in FY2024 (-11.4%), $3.45 million in FY2023 (+165.1%), $1.3 million in FY2022 (+314.6%) and $314,000 in FY2021 (-48.0%).
- The five-year range for quarterly Interest Expense - Fed Funds is $75,000 (Q4 2021) to $1.3 million (Q1 2023).
- Year-over-year, Interest Expense - Fed Funds has declined for four consecutive quarters, with an average decline of 12.7% over the last eight quarters.
- The fastest year-over-year change in Interest Expense - Fed Funds over five years came in Q4 2022 (growth of 842.7%), and the weakest in Q4 2025 (a decline of 40.4%).
- Business Quant data shows FRME's Interest Expense - Fed Funds at $590,000 (Q1 2026), $405,000 (Q4 2025) and $654,000 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Jpmorgan Chase | 886.05 Bn | 915.53 Bn | - |
| 2 | Banco Santander Chile | 409.93 Bn | 529.88 Bn | - |
| 3 | Bank Of America | 377.01 Bn | -1,999.06 Bn | - |
| 4 | Hsbc Holdings | 329.11 Bn | 329.16 Bn | - |
| 5 | Morgan Stanley | 295.54 Bn | -213.55 Bn | - |
| 6 | Royal Bank Of Canada | 273.59 Bn | 124.33 Bn | - |
| 7 | Mitsubishi Ufj Financial | 268.33 Bn | -1,320.16 Bn | 10.89 Bn |
| 8 | Goldman Sachs | 261.29 Bn | -3,295.82 Bn | - |
| 9 | Wells Fargo & Company | 243.13 Bn | 245.26 Bn | - |
| 10 | First Merchants | 2.46 Bn | 2.46 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 717,000.00 |
| Mar 31, 2026 | 590,000.00 |
| Dec 31, 2025 | 405,000.00 |
| Sep 30, 2025 | 654,000.00 |
| Jun 30, 2025 | 965,000.00 |
| Mar 31, 2025 | 812,000.00 |
| Dec 31, 2024 | 680,000.00 |
| Sep 30, 2024 | 700,000.00 |
| Jun 30, 2024 | 645,000.00 |
| Mar 31, 2024 | 1.03 Mn |
| Dec 31, 2023 | 827,000.00 |
| Sep 30, 2023 | 797,000.00 |
| Jun 30, 2023 | 979,000.00 |
| Mar 31, 2023 | 1.30 Mn |
| Dec 31, 2022 | 707,000.00 |
| Sep 30, 2022 | 418,000.00 |
| Jun 30, 2022 | 134,000.00 |
| Mar 31, 2022 | 89,000.00 |
| Dec 31, 2021 | 75,000.00 |
| Sep 30, 2021 | 77,000.00 |
API Access
First Merchants Interest Expense - Fed Funds 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-fed-funds&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-fed-funds", "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-fed-funds&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();