First Merchants (FRME) Operating Expenses (2010 - 2026)
First Merchants (FRME) posted quarterly Operating Expenses of $115.3 million for Q2 2026, up 23.24% year-over-year from $93.6 million in Q2 2025, and down 7.83% on a QoQ basis from $125.1 million in Q1 2026.
First Merchants (FRME) Operating Expenses (2010 - 2026) Analysis & Trends
First Merchants has reported Operating Expenses for 17 years, with the latest figure at $115.3 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $115.3 million, up 23.24% year-over-year; the trailing twelve-month figure through Jun 2026 was $436.6 million (up 15.67% YoY), and the FY2025 annual result was $382.6 million, up 0.87% from the prior year.
- Operating Expenses declined to $115.3 million in Q2 2026, from $125.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $125.1 million in Q1 2026 and troughed at $72.3 million in Q1 2022.
- A 5-year average of $97.0 million and a median of $95.5 million in 2024 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses soared 40.43%; it then slipped 10.93% in 2024.
- A 5-year view of Operating Expenses shows it stood at $89.7 million in 2022, then increased by 20.52% to $108.1 million in 2023, then dropped by 10.93% to $96.3 million in 2024, then increased by 3.36% to $99.5 million in 2025, then climbed by 15.9% to $115.3 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $115.3 million in Q2 2026, $125.1 million in Q1 2026, and $99.5 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 4.10 Bn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 4.43 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -3.83 Bn |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | -2.79 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | 2.60 Bn |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | -599.79 Mn |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 3.06 Bn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 2.11 Bn |
| 10 | First Merchants | 2.62 Bn | 2.62 Bn | 7.27 Mn | 115.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 115.35 Mn |
| 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 |