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
DateValue
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