First Merchants (FRME) Return on Equity [ROE] (2013 - 2026)
First Merchants (FRME) recorded Return on Equity [ROE] of 6.93% in Q2 2026, down 2.72 percentage points from 9.65% a year earlier and down 0.81 percentage points from the prior quarter.
Powered by 
Analysis
First Merchants (FRME) Return on Equity [ROE] (2013 - 2026) Analysis & Trends
For FY2025, First Merchants reported Return on Equity [ROE] of 9.47%, up 0.63 percentage points from FY2024.
- Annual Return on Equity [ROE] has a five-year change of +1.36 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Equity [ROE] came in at 8.85% in FY2024 (-1.60 pp), 10.45% in FY2023 (-0.80 pp), 11.25% in FY2022 (+0.40 pp) and 10.85% in FY2021 (+2.74 pp).
- The Q2 2026 figure is the lowest quarterly Return on Equity [ROE] in data going back to Q1 2013.
- On a year-over-year basis, Return on Equity [ROE] rose in three of the last eight quarters, with an average year-over-year change of -0.77 percentage points.
- Peak year-over-year performance for Return on Equity [ROE] in the last five years was a gain of 2.86 percentage points in Q4 2021, against a drop of 3.94 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.74% (Q1 2026), 9.26% (Q4 2025) and 9.80% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 879.54 Bn | 909.01 Bn | - | 17.62% |
| 2 | Banco Santander Chile | 418.48 Bn | 538.42 Bn | - | - |
| 3 | Bank Of America | 381.92 Bn | -1,994.15 Bn | - | 11.19% |
| 4 | Hsbc Holdings | 341.10 Bn | 341.15 Bn | - | - |
| 5 | Morgan Stanley | 295.71 Bn | -213.38 Bn | - | 17.50% |
| 6 | Royal Bank Of Canada | 275.38 Bn | 126.13 Bn | - | 15.89% |
| 7 | Mitsubishi Ufj Financial | 273.79 Bn | -1,314.70 Bn | 10.89 Bn | 13.15% |
| 8 | Goldman Sachs | 262.78 Bn | -3,294.34 Bn | - | 17.08% |
| 9 | Wells Fargo & Company | 242.61 Bn | 244.75 Bn | - | 12.67% |
| 10 | First Merchants | 2.47 Bn | 2.47 Bn | - | 6.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.93% |
| Mar 31, 2026 | 7.74% |
| Dec 31, 2025 | 9.26% |
| Sep 30, 2025 | 9.80% |
| Jun 30, 2025 | 9.65% |
| Mar 31, 2025 | 9.01% |
| Dec 31, 2024 | 8.74% |
| Sep 30, 2024 | 7.95% |
| Jun 30, 2024 | 8.42% |
| Mar 31, 2024 | 9.29% |
| Dec 31, 2023 | 10.31% |
| Sep 30, 2023 | 11.89% |
| Jun 30, 2023 | 12.16% |
| Mar 31, 2023 | 11.43% |
| Dec 31, 2022 | 11.27% |
| Sep 30, 2022 | 10.25% |
| Jun 30, 2022 | 9.94% |
| Mar 31, 2022 | 11.00% |
| Dec 31, 2021 | 10.87% |
| Sep 30, 2021 | 10.85% |
API Access
First Merchants Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();