First Merchants (FRME) Times Interest Earned (2010 - 2026)
First Merchants' Times Interest Earned was 1.47 in Q2 2026, down 12.2% from 1.67 a year earlier but up 14.9% from the prior quarter.
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Analysis
First Merchants (FRME) Times Interest Earned (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, First Merchants' Times Interest Earned was 1.52 through Jun 30, 2026, down 8.4% year-over-year; for FY2025, it came in at 1.67, up 8.0% from FY2024.
- In earlier years, Times Interest Earned was 1.54 in FY2024 (-11.5%), 1.74 in FY2023 (-56.6%), 4.01 in FY2022 (-47.8%) and 7.70 in FY2021 (+116.2%).
- Quarterly Times Interest Earned has moved between 1.28 (Q1 2026) and 8.69 (Q1 2022) over five years.
- Compared with a year earlier, Times Interest Earned has declined for three straight quarters, with growth averaging 1.3% over the last eight quarters.
- The best year-over-year quarter for Times Interest Earned over five years was Q3 2021 (growth of 93.0%); the worst was Q1 2023 (a decline of 74.6%).
- Per Business Quant data, FRME's Times Interest Earned in the three quarters before Q2 2026 was 1.28 (Q1 2026), 1.67 (Q4 2025) and 1.64 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 879.54 Bn | 909.01 Bn | - | 2.10 |
| 2 | Banco Santander Chile | 418.48 Bn | 538.42 Bn | - | -2.12 |
| 3 | Bank Of America | 381.92 Bn | -1,994.15 Bn | - | 1.65 |
| 4 | Hsbc Holdings | 341.10 Bn | 341.15 Bn | - | - |
| 5 | Morgan Stanley | 295.71 Bn | -213.38 Bn | - | 1.56 |
| 6 | Royal Bank Of Canada | 275.38 Bn | 126.13 Bn | - | 1.43 |
| 7 | Mitsubishi Ufj Financial | 273.79 Bn | -1,314.70 Bn | 10.89 Bn | 0.56 |
| 8 | Goldman Sachs | 262.78 Bn | -3,294.34 Bn | - | 1.47 |
| 9 | Wells Fargo & Company | 242.61 Bn | 244.75 Bn | - | 1.73 |
| 10 | First Merchants | 2.47 Bn | 2.47 Bn | - | 1.47 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.47 |
| Mar 31, 2026 | 1.28 |
| Dec 31, 2025 | 1.67 |
| Sep 30, 2025 | 1.64 |
| Jun 30, 2025 | 1.67 |
| Mar 31, 2025 | 1.69 |
| Dec 31, 2024 | 1.76 |
| Sep 30, 2024 | 1.51 |
| Jun 30, 2024 | 1.41 |
| Mar 31, 2024 | 1.50 |
| Dec 31, 2023 | 1.44 |
| Sep 30, 2023 | 1.68 |
| Jun 30, 2023 | 1.86 |
| Mar 31, 2023 | 2.21 |
| Dec 31, 2022 | 2.98 |
| Sep 30, 2022 | 4.19 |
| Jun 30, 2022 | 4.43 |
| Mar 31, 2022 | 8.69 |
| Dec 31, 2021 | 7.27 |
| Sep 30, 2021 | 8.00 |
API Access
First Merchants Times Interest Earned 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=times-interest-earned&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "times-interest-earned", "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=times-interest-earned&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();