First Merchants (FRME) Rent Expense (2010 - 2026)
First Merchants' (FRME) quarterly Rent Expense came in at $8.3 million in Q1 2026, up 15.04% year-on-year from $7.2 million in Q1 2025, and up 13.98% quarter-over-quarter from $7.3 million in Q4 2025.
First Merchants (FRME) Rent Expense (2010 - 2026) Analysis & Trends
First Merchants' Rent Expense history runs 17 years deep, the most recent figure standing at $8.3 million for Q1 2026.
- On a quarterly basis, Rent Expense rose 15.04% year-over-year to $8.3 million in Q1 2026; TTM through Mar 2026 was $29.5 million, a 4.22% increase from a year earlier, with the FY2025 full-year figure at $28.4 million, changed 0.05% from the prior year.
- Rent Expense improved to $8.3 million in Q1 2026 per FRME's latest filing, from $7.3 million in the prior quarter.
- Across five years, Rent Expense topped out at $9.1 million in Q4 2023 and bottomed at $6.2 million in Q1 2022.
- The 5-year median for Rent Expense is $7.0 million (2024), against an average of $7.1 million.
- Across the five-year window, Rent Expense surged 36.92% in 2023 and declined 19.3% in 2024, its largest moves.
- Year by year, Rent Expense stood at $6.6 million in 2022, then soared by 36.92% to $9.1 million in 2023, then fell by 19.3% to $7.3 million in 2024, then dropped by 0.71% to $7.3 million in 2025, then increased by 13.98% to $8.3 million in 2026.
- Per Business Quant, the three latest FRME Rent Expense figures stand at $8.3 million (Q1 2026), $7.3 million (Q4 2025), and $7.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | - |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | - |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | - |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | - |
| 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 | - | 634,000.00 |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 1.45 Mn |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | 262.00 Mn |
| 10 | First Merchants | 2.62 Bn | 2.62 Bn | 7.44 Mn | 8.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.30 Mn |
| Mar 31, 2026 | 8.30 Mn |
| Dec 31, 2025 | 7.28 Mn |
| Dec 31, 2025 | 7.28 Mn |
| Sep 30, 2025 | 7.06 Mn |
| Sep 30, 2025 | 7.06 Mn |
| Jun 30, 2025 | 6.85 Mn |
| Jun 30, 2025 | 6.85 Mn |
| Mar 31, 2025 | 7.22 Mn |
| Mar 31, 2025 | 7.22 Mn |
| Dec 31, 2024 | 7.34 Mn |
| Dec 31, 2024 | 7.34 Mn |
| Sep 30, 2024 | 6.99 Mn |
| Sep 30, 2024 | 6.99 Mn |
| Jun 30, 2024 | 6.75 Mn |
| Jun 30, 2024 | 6.75 Mn |
| Mar 31, 2024 | 7.31 Mn |
| Mar 31, 2024 | 7.31 Mn |
| Dec 31, 2023 | 9.09 Mn |
| Dec 31, 2023 | 9.09 Mn |