First Merchants (FRME) Rent Expense (2010 - 2026)
First Merchants' Rent Expense came in at $8.23 million for Q2 2026, up 20.2% from $6.85 million a year earlier but down 0.9% from the prior quarter.
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Analysis
First Merchants (FRME) Rent Expense (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, First Merchants reported Rent Expense of $30.87 million, up 8.7% year-over-year; for FY2025, it came in at $28.4 million, unchanged from FY2024.
- Rent Expense carries a five-year compound annual growth rate of 1.2% (FY2020 to FY2025).
- Going back by year, Rent Expense was $28.39 million in FY2024 (-4.9%), $29.86 million in FY2023 (+13.9%), $26.21 million in FY2022 (+12.4%) and $23.33 million in FY2021 (-12.8%).
- The five-year range for quarterly Rent Expense is $5.58 million (Q3 2021) to $9.09 million (Q4 2023).
- Year-over-year, Rent Expense increased in five of the last eight quarters, with growth averaging 2.3%.
- The fastest year-over-year change in Rent Expense over five years came in Q4 2023 (growth of 36.9%), and the weakest in Q4 2021 (a decline of 41.5%).
- Business Quant data shows FRME's Rent Expense at $8.3 million (Q1 2026), $7.28 million (Q4 2025) and $7.06 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 879.54 Bn | 909.01 Bn | - | 1.48 Bn |
| 2 | Banco Santander Chile | 418.48 Bn | 538.42 Bn | - | - |
| 3 | Bank Of America | 381.92 Bn | -1,994.15 Bn | - | 1.91 Bn |
| 4 | Hsbc Holdings | 341.10 Bn | 341.15 Bn | - | - |
| 5 | Morgan Stanley | 295.71 Bn | -213.38 Bn | - | 482.00 Mn |
| 6 | Royal Bank Of Canada | 275.38 Bn | 126.13 Bn | - | 316.29 Mn |
| 7 | Mitsubishi Ufj Financial | 273.79 Bn | -1,314.70 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 262.78 Bn | -3,294.34 Bn | - | 244.00 Mn |
| 9 | Wells Fargo & Company | 242.61 Bn | 244.75 Bn | - | 803.00 Mn |
| 10 | First Merchants | 2.47 Bn | 2.47 Bn | - | 8.23 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.23 Mn |
| Mar 31, 2026 | 8.30 Mn |
| Dec 31, 2025 | 7.28 Mn |
| Sep 30, 2025 | 7.06 Mn |
| Jun 30, 2025 | 6.85 Mn |
| Mar 31, 2025 | 7.22 Mn |
| Dec 31, 2024 | 7.34 Mn |
| Sep 30, 2024 | 6.99 Mn |
| Jun 30, 2024 | 6.75 Mn |
| Mar 31, 2024 | 7.31 Mn |
| Dec 31, 2023 | 9.09 Mn |
| Sep 30, 2023 | 6.84 Mn |
| Jun 30, 2023 | 6.67 Mn |
| Mar 31, 2023 | 7.26 Mn |
| Dec 31, 2022 | 6.64 Mn |
| Sep 30, 2022 | 6.74 Mn |
| Jun 30, 2022 | 6.65 Mn |
| Mar 31, 2022 | 6.19 Mn |
| Dec 31, 2021 | 5.64 Mn |
| Sep 30, 2021 | 5.58 Mn |
API Access
First Merchants Rent Expense API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=rent-expense&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "rent-expense", "ticker": "FRME", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=rent-expense&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();