First Merchants (FRME) Invested Capital (2009 - 2026)
First Merchants (FRME) reported Invested Capital of $4.3 billion for Q2 2026, up 22.6% from $3.51 billion a year earlier but down 0.4% from the prior quarter.
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Analysis
First Merchants (FRME) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, First Merchants posted Invested Capital of $3.47 billion, up 0.1% from FY2024.
- Invested Capital has a five-year compound annual growth rate of 6.2% (FY2020 to FY2025).
- By year, Invested Capital came in at $3.46 billion in FY2024 (+5.7%), $3.28 billion in FY2023 (-2.2%), $3.35 billion in FY2022 (+31.5%) and $2.55 billion in FY2021 (-0.5%).
- Five-year quarterly Invested Capital spans a low of $2.4 billion in Q1 2022 and a high of $4.32 billion in Q1 2026.
- Year over year, Invested Capital has now increased in each of the last nine quarters, with growth averaging 10.4% over the last eight quarters.
- The high point for year-over-year Invested Capital in five years was Q1 2023 (growth of 36.2%); the low point was Q1 2024 (a decline of 5.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $4.32 billion (Q1 2026), $3.47 billion (Q4 2025) and $3.59 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 3,955.81 Bn |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | 53.87 Bn |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 677.67 Bn |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 506.91 Bn |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 113.21 Bn |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 1,214.47 Bn |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 1,795.44 Bn |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | 220.98 Bn |
| 10 | First Merchants | 256.31 Mn | 256.31 Mn | - | 3.82 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.82 Bn |
| Jun 30, 2026 | 4.30 Bn |
| Mar 31, 2026 | 4.32 Bn |
| Dec 31, 2025 | 3.47 Bn |
| Sep 30, 2025 | 3.59 Bn |
| Jun 30, 2025 | 3.51 Bn |
| Mar 31, 2025 | 3.68 Bn |
| Dec 31, 2024 | 3.46 Bn |
| Sep 30, 2024 | 3.38 Bn |
| Jun 30, 2024 | 3.39 Bn |
| Mar 31, 2024 | 3.09 Bn |
| Dec 31, 2023 | 3.28 Bn |
| Sep 30, 2023 | 3.12 Bn |
| Jun 30, 2023 | 3.17 Bn |
| Mar 31, 2023 | 3.28 Bn |
| Dec 31, 2022 | 3.35 Bn |
| Sep 30, 2022 | 3.08 Bn |
| Jun 30, 2022 | 3.01 Bn |
| Mar 31, 2022 | 2.40 Bn |
| Dec 31, 2021 | 2.55 Bn |
API Access
First Merchants Invested Capital 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=invested-capital&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();