First Merchants (FRME) Operating Expenses (2010 - 2026)

First Merchants' (FRME) quarterly Operating Expenses came in at $125.1 million in Q1 2026, up 34.71% year-on-year from $92.9 million in Q1 2025, and up 25.75% quarter-over-quarter from $99.5 million in Q4 2025.

First Merchants (FRME) Operating Expenses (2010 - 2026) Analysis & Trends

First Merchants' Operating Expenses history runs 17 years deep, the most recent figure standing at $125.1 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 34.71% year-over-year to $125.1 million in Q1 2026; TTM through Mar 2026 was $414.8 million, a 10.55% increase from a year earlier, with the FY2025 full-year figure at $382.6 million, up 0.87% from the prior year.
  • Operating Expenses improved to $125.1 million in Q1 2026 per FRME's latest filing, from $99.5 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $125.1 million in Q1 2026 and bottomed at $72.3 million in Q1 2022.
  • The 5-year median for Operating Expenses is $94.6 million (2024), against an average of $95.9 million.
  • Across the five-year window, Operating Expenses surged 40.43% in 2022 and decreased 10.93% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $89.7 million in 2022, then rose by 20.52% to $108.1 million in 2023, then declined by 10.93% to $96.3 million in 2024, then rose by 3.36% to $99.5 million in 2025, then climbed by 25.75% to $125.1 million in 2026.
  • Per Business Quant, the three latest FRME Operating Expenses figures stand at $125.1 million (Q1 2026), $99.5 million (Q4 2025), and $96.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 KB Financial 43,124.21 Bn 43,125.44 Bn -775,612.08 -19.71 Mn
2 Shinhan Financial 33,971.34 Bn 33,973.00 Bn - -1.04 Bn
3 Bank Of Chile 4,105.33 Bn 4,105.33 Bn 167,623.00 -287,925.00
4 NatWest 768.74 Bn 572.78 Bn 1.79 Bn -2.75 Bn
5 Mizuho Financial 385.64 Bn 389.59 Bn - -17.40 Bn
6 Lloyds Banking 358.14 Bn 358.14 Bn - -3.86 Bn
7 First Capital 200.03 Bn 199.69 Bn - 7.75 Mn
8 Landmark Bancorp 187.97 Bn 187.94 Bn - 11.90 Mn
9 Pnc Financial Services 100.96 Bn 101.01 Bn - 3.77 Bn
10 First Merchants 2.62 Bn 2.62 Bn 7.44 Mn 125.15 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 125.15 Mn
Dec 31, 2025 99.52 Mn
Sep 30, 2025 96.56 Mn
Jun 30, 2025 93.60 Mn
Mar 31, 2025 92.90 Mn
Dec 31, 2024 96.29 Mn
Sep 30, 2024 94.63 Mn
Jun 30, 2024 91.41 Mn
Mar 31, 2024 96.94 Mn
Dec 31, 2023 108.10 Mn
Sep 30, 2023 93.85 Mn
Jun 30, 2023 92.59 Mn
Mar 31, 2023 93.72 Mn
Dec 31, 2022 89.70 Mn
Sep 30, 2022 96.38 Mn
Jun 30, 2022 97.31 Mn
Mar 31, 2022 72.33 Mn
Dec 31, 2021 72.44 Mn
Sep 30, 2021 71.38 Mn
Jun 30, 2021 69.30 Mn