First Merchants (FRME) Times Interest Earned (2010 - 2026)
First Merchants' (FRME) quarterly Times Interest Earned came in at -$0.61 in Q1 2026, down 65.18% year-on-year from -$1.76 in Q1 2025, and down 287.77% quarter-over-quarter from $0.33 in Q4 2025.
First Merchants (FRME) Times Interest Earned (2010 - 2026) Analysis & Trends
First Merchants' Times Interest Earned history runs 17 years deep, the most recent figure standing at -$0.61 for Q1 2026.
- On a quarterly basis, Times Interest Earned fell 65.18% year-over-year to -$0.61 in Q1 2026; TTM through Mar 2026 was -$2.03, a 31.15% decrease from a year earlier, with the FY2025 full-year figure at -$0.91, down 1.85% from the prior year.
- Times Interest Earned declined to -$0.61 in Q1 2026 per FRME's latest filing, from $0.33 in the prior quarter.
- Across five years, Times Interest Earned topped out at $3.05 in Q4 2022 and bottomed at -$9.18 in Q1 2022.
- The 5-year median for Times Interest Earned is -$0.37 (2025), against an average of -$0.66.
- Across the five-year window, Times Interest Earned surged 150.23% in 2022 and sank 141.39% in 2023, its largest moves.
- Year by year, Times Interest Earned stood at $3.05 in 2022, then tumbled by 141.39% to -$1.26 in 2023, then soared by 127.59% to $0.35 in 2024, then retreated by 6.24% to $0.33 in 2025, then plunged by 287.77% to -$0.61 in 2026.
- Per Business Quant, the three latest FRME Times Interest Earned figures stand at -$0.61 (Q1 2026), $0.33 (Q4 2025), and -$0.45 (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | 7,084.59 |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | -0.53 |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | -22.98 |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | - |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | 1.66 |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | - |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | 1.27 |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 2.19 |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | 1.86 |
| 10 | First Merchants | 2.62 Bn | 2.62 Bn | 7.44 Mn | -0.61 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -0.61 |
| Dec 31, 2025 | 0.33 |
| Sep 30, 2025 | -0.45 |
| Jun 30, 2025 | -0.38 |
| Mar 31, 2025 | -0.37 |
| Dec 31, 2024 | 0.35 |
| Sep 30, 2024 | -0.46 |
| Jun 30, 2024 | -0.32 |
| Mar 31, 2024 | -0.36 |
| Dec 31, 2023 | -1.26 |
| Sep 30, 2023 | -0.25 |
| Jun 30, 2023 | -0.32 |
| Mar 31, 2023 | -0.38 |
| Dec 31, 2022 | 3.05 |
| Sep 30, 2022 | -0.25 |
| Jun 30, 2022 | -0.38 |
| Mar 31, 2022 | -9.18 |
| Dec 31, 2021 | -6.08 |
| Sep 30, 2021 | -4.13 |
| Jun 30, 2021 | -7.19 |