First Merchants (FRME) Operating Margin (2017 - 2026)

First Merchants' (FRME) quarterly Operating Margin came in at 1302.52% in Q1 2026, up 68000.0% year-on-year from N/an in Q1 2025, and down 40.76% quarter-over-quarter from 925.33% in Q4 2025.

First Merchants (FRME) Operating Margin (2017 - 2026) Analysis & Trends

First Merchants' Operating Margin history runs 10 years deep, the most recent figure standing at 1302.52% for Q1 2026.

  • On a quarterly basis, Operating Margin rose 68000.0% year-over-year to 1302.52% in Q1 2026; TTM through Mar 2026 was 1188.33%, a 333012.0% increase from a year earlier, with the FY2025 full-year figure at 999.9%, up 2389396.0% from the prior year.
  • Operating Margin retreated to 1302.52% in Q1 2026 per FRME's latest filing, from 925.33% in the prior quarter.
  • Across five years, Operating Margin topped out at 871.65% in Q4 2024 and bottomed at 18547.87% in Q3 2023.
  • The 5-year median for Operating Margin is 1096.74% (2024), against an average of 3110.46%.
  • Across the five-year window, Operating Margin plunged 1294214 bps in 2022 and jumped 1749412 bps in 2024, its largest moves.
  • Year by year, Operating Margin stood at 619.15% in 2022, then climbed by 0 bps to 620.76% in 2023, then soared by 40 bps to 871.65% in 2024, then plunged by 206 bps to 925.33% in 2025, then plunged by 41 bps to 1302.52% in 2026.
  • Per Business Quant, the three latest FRME Operating Margin figures stand at 1302.52% (Q1 2026), 925.33% (Q4 2025), and 1006.17% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 KB Financial 43,124.21 Bn 43,125.44 Bn -775,612.08 579,101.06%
2 Shinhan Financial 33,971.34 Bn 33,973.00 Bn - 7,561,492.12%
3 Bank Of Chile 4,105.33 Bn 4,105.33 Bn 167,623.00 361.17%
4 NatWest 768.74 Bn 572.78 Bn 1.79 Bn 77.40%
5 Mizuho Financial 385.64 Bn 389.59 Bn - -
6 Lloyds Banking 358.14 Bn 358.14 Bn - -
7 First Capital 200.03 Bn 199.69 Bn - -
8 Landmark Bancorp 187.97 Bn 187.94 Bn - -
9 Pnc Financial Services 100.96 Bn 101.01 Bn - -
10 First Merchants 2.62 Bn 2.62 Bn 7.44 Mn -1,302.52%

Historic Data

Download Data
DateValue
Mar 31, 2026 -1,302.52%
Dec 31, 2025 -925.33%
Sep 30, 2025 -1,006.17%
Jun 30, 2025 -1,838.26%
Mar 31, 2025 -1,982.52%
Dec 31, 2024 871.65%
Sep 30, 2024 -1,053.75%
Jun 30, 2024 -1,034.48%
Mar 31, 2024 -1,096.74%
Dec 31, 2023 620.76%
Sep 30, 2023 -18,547.87%
Jun 30, 2023 -1,166.66%
Mar 31, 2023 -8,177.79%
Dec 31, 2022 619.15%
Sep 30, 2022 -14,011.29%
Jun 30, 2022 -1,807.77%
Mar 31, 2022 -1,038.20%
Dec 31, 2021 -248.99%
Sep 30, 2021 -1,069.15%
Jun 30, 2021 -1,158.35%