First Merchants (FRME) Invested Capital (2011 - 2026)

First Merchants' (FRME) quarterly Invested Capital came in at $1.6 billion in Q1 2026, up 22.48% year-on-year from $1.3 billion in Q1 2025, and up 64.51% quarter-over-quarter from $999.9 million in Q4 2025.

First Merchants (FRME) Invested Capital (2011 - 2026) Analysis & Trends

First Merchants' Invested Capital history runs 16 years deep, the most recent figure standing at $1.6 billion for Q1 2026.

  • On a quarterly basis, Invested Capital rose 22.48% year-over-year to $1.6 billion in Q1 2026; TTM through Mar 2026 was $5.0 billion, a 4.78% increase from a year earlier, with the FY2025 full-year figure at $999.9 million, down 13.66% from the prior year.
  • Invested Capital advanced to $1.6 billion in Q1 2026 per FRME's latest filing, from $999.9 million in the prior quarter.
  • Across five years, Invested Capital topped out at $1.6 billion in Q1 2026 and bottomed at $597.3 million in Q1 2022.
  • The 5-year median for Invested Capital is $1.2 billion (2023), against an average of $1.1 billion.
  • Across the five-year window, Invested Capital surged 107.17% in 2022 and retreated 25.33% in 2024, its largest moves.
  • Year by year, Invested Capital stood at $1.3 billion in 2022, then retreated by 21.7% to $1.0 billion in 2023, then climbed by 12.58% to $1.2 billion in 2024, then declined by 13.66% to $999.9 million in 2025, then surged by 64.51% to $1.6 billion in 2026.
  • Per Business Quant, the three latest FRME Invested Capital figures stand at $1.6 billion (Q1 2026), $999.9 million (Q4 2025), and $1.2 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 KB Financial 43,124.21 Bn 43,125.44 Bn -775,612.08 7.75 Bn
2 Shinhan Financial 33,971.34 Bn 33,973.00 Bn - 2.00 Bn
3 Bank Of Chile 4,105.33 Bn 4,105.33 Bn 167,623.00 -
4 NatWest 768.74 Bn 572.78 Bn 1.79 Bn 94.66 Bn
5 Mizuho Financial 385.64 Bn 389.59 Bn - 13.18 Bn
6 Lloyds Banking 358.14 Bn 358.14 Bn - 42.37 Bn
7 First Capital 200.03 Bn 199.69 Bn - -
8 Landmark Bancorp 187.97 Bn 187.94 Bn - -
9 Pnc Financial Services 100.96 Bn 101.01 Bn - -
10 First Merchants 2.62 Bn 2.62 Bn 7.44 Mn 1.64 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.64 Bn
Dec 31, 2025 999.93 Mn
Sep 30, 2025 1.18 Bn
Jun 30, 2025 1.16 Bn
Mar 31, 2025 1.34 Bn
Dec 31, 2024 1.16 Bn
Sep 30, 2024 1.08 Bn
Jun 30, 2024 1.17 Bn
Mar 31, 2024 861.65 Mn
Dec 31, 2023 1.03 Bn
Sep 30, 2023 1.02 Bn
Jun 30, 2023 1.03 Bn
Mar 31, 2023 1.15 Bn
Dec 31, 2022 1.31 Bn
Sep 30, 2022 1.17 Bn
Jun 30, 2022 1.04 Bn
Mar 31, 2022 597.33 Mn
Dec 31, 2021 634.25 Mn
Sep 30, 2021 636.30 Mn
Jun 30, 2021 599.65 Mn