KPIs & Operating Metrics(New)

First Merchants (FRME) Operating Income (2011 - 2026)

First Merchants posted quarterly Operating Income of -$126.2 million for Q1 2026, down 34.43% year-on-year from -$192.4 million in Q1 2025, and down 11.71% on a QoQ basis from -$112.9 million in Q4 2025.

First Merchants (FRME) has 12 years of Operating Income data on file, last reported at -$126.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Income fell 34.43% year-over-year to -$126.2 million; the trailing twelve-month figure through Mar 2026 stood at -$431.4 million (down 18.18% YoY), and the FY2025 full-year result was -$387.0 million, down 9.3% from the prior year.
  • Operating Income for Q1 2026 stood at -$126.2 million, down from -$112.9 million in the prior quarter.
  • Across five years, Operating Income topped out at -$67.3 million in Q1 2022 and bottomed at -$131.5 million in Q4 2023.
  • The 5-year median for Operating Income is -$93.9 million (2022), against an average of -$96.6 million.
  • The widest annual swing landed in 2022, when Operating Income sank 48.71%; it then surged 31.0% in 2024.
  • A 5-year view of Operating Income shows it stood at -$93.9 million in 2022, then sank by 40.03% to -$131.5 million in 2023, then soared by 31.0% to -$90.7 million in 2024, then dropped by 24.44% to -$112.9 million in 2025, then dropped by 11.71% to -$126.2 million in 2026.
  • The last three Operating Income figures came in at -$126.2 million (Q1 2026), -$112.9 million (Q4 2025), and -$97.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Bank Of Chile 90,891.20 Bn 90,891.20 Bn - 748,885.00
2 Bank Bradesco 6,807.69 Bn 6,791.75 Bn - -
3 Lloyds Banking 426.28 Bn 426.28 Bn - -
4 NatWest 184.56 Bn 184.56 Bn - -
5 First Capital 181.18 Bn 181.03 Bn - -
6 Landmark Bancorp 164.67 Bn 164.64 Bn - -
7 Deutsche Bank Aktiengesellschaft 161.63 Bn -151,939.28 Bn - -
8 KB Financial 150.02 Bn 142.15 Bn - 832.02 Mn
9 Pnc Financial Services 88.79 Bn 88.84 Bn - -
10 First Merchants 2.44 Bn 2.44 Bn -1.01 Mn -126.15 Mn

Historic Data

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DateValue
Mar 31, 2026 -126.15 Mn
Dec 31, 2025 -112.93 Mn
Sep 30, 2025 -97.58 Mn
Jun 30, 2025 -94.76 Mn
Mar 31, 2025 -93.84 Mn
Dec 31, 2024 -90.75 Mn
Sep 30, 2024 -96.12 Mn
Jun 30, 2024 -84.36 Mn
Mar 31, 2024 -97.71 Mn
Dec 31, 2023 -131.52 Mn
Sep 30, 2023 -95.84 Mn
Jun 30, 2023 -86.30 Mn
Mar 31, 2023 -87.67 Mn
Dec 31, 2022 -93.92 Mn
Sep 30, 2022 -91.61 Mn
Jun 30, 2022 -93.55 Mn
Mar 31, 2022 -67.34 Mn
Dec 31, 2021 -71.56 Mn
Sep 30, 2021 -66.81 Mn
Jun 30, 2021 -62.91 Mn
Mar 31, 2021 -66.85 Mn
Dec 31, 2020 -88.80 Mn
Sep 30, 2020 -62.02 Mn
Jun 30, 2020 -57.77 Mn
Mar 31, 2020 -61.64 Mn
Dec 31, 2019 -66.26 Mn
Sep 30, 2019 -68.24 Mn
Jun 30, 2019 -60.00 Mn
Mar 31, 2019 -56.91 Mn
Dec 31, 2018 -69.99 Mn
Sep 30, 2018 -50.62 Mn
Jun 30, 2018 -54.75 Mn
Mar 31, 2018 -54.13 Mn
Dec 31, 2017 -56.77 Mn
Sep 30, 2017 -55.18 Mn
Sep 30, 2012 5.31 Mn
Jun 30, 2012 4.37 Mn
Sep 30, 2011 3.26 Mn
Jun 30, 2011 2.41 Mn