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| Date | Value |
|---|---|
| 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 |