First Merchants (FRME) Times Interest Earned (2010 - 2026)
First Merchants (FRME) reported Times Interest Earned of -$1.3 for Q1 2026, down 27.5% on a YoY basis from -$1.79 in Q1 2025, and down 12.99% quarter-over-quarter from -$1.15 in Q4 2025.
First Merchants (FRME) Times Interest Earned (2010 - 2026) Analysis & Trends
First Merchants has reported Times Interest Earned for 17 years, with the latest figure at -$1.3 in Q1 2026.
- For the quarter ending Q1 2026, Times Interest Earned fell 27.5% year-over-year to -$1.3; the trailing twelve-month figure through Mar 2026 stood at -$1.1 (down 23.13% YoY), and the FY2025 full-year result was -$1.0, down 20.02% from the prior year.
- Times Interest Earned for Q1 2026 stood at -$1.3, down from -$1.15 in the prior quarter.
- The five-year high for Times Interest Earned was -$0.78 in Q2 2024, with the low at -$43.52 in Q3 2022.
- Historically, Times Interest Earned has averaged -$6.49 across 5 years, with a median of -$1.03 in 2023.
- The largest YoY upside for Times Interest Earned was 97.7% in 2023 against a maximum downside of 296.31% in 2023.
- First Merchants' Times Interest Earned stood at -$1.19 in 2022, then dropped by 3.49% to -$1.23 in 2023, then grew by 26.42% to -$0.91 in 2024, then declined by 26.83% to -$1.15 in 2025, then decreased by 12.99% to -$1.3 in 2026.
- The last three Times Interest Earned figures came in at -$1.3 (Q1 2026), -$1.15 (Q4 2025), and -$0.96 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 97,765.53 Bn | 97,765.53 Bn | - | -1.52 |
| 2 | Bank Bradesco | 6,846.93 Bn | 6,830.99 Bn | - | - |
| 3 | Lloyds Banking | 384.13 Bn | 384.40 Bn | - | - |
| 4 | First Capital | 215.78 Bn | 215.63 Bn | - | 2.53 |
| 5 | Itau Unibanco Holding | 202.78 Bn | 202.78 Bn | - | - |
| 6 | Landmark Bancorp | 180.37 Bn | 180.34 Bn | - | 2.21 |
| 7 | NatWest | 168.65 Bn | -51.67 Bn | - | - |
| 8 | Shinhan Financial | 136.54 Bn | 104.11 Bn | - | 0.04 |
| 9 | Mizuho Financial | 112.02 Bn | 112.56 Bn | - | - |
| 10 | First Merchants | 2.55 Bn | 2.55 Bn | -1.01 Mn | -1.30 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.30 |
| Dec 31, 2025 | -1.15 |
| Sep 30, 2025 | -0.96 |
| Jun 30, 2025 | -0.98 |
| Mar 31, 2025 | -1.02 |
| Dec 31, 2024 | -0.91 |
| Sep 30, 2024 | -0.87 |
| Jun 30, 2024 | -0.78 |
| Mar 31, 2024 | -0.90 |
| Dec 31, 2023 | -1.23 |
| Sep 30, 2023 | -1.00 |
| Jun 30, 2023 | -1.03 |
| Mar 31, 2023 | -36.76 |
| Dec 31, 2022 | -1.19 |
| Sep 30, 2022 | -43.52 |
| Jun 30, 2022 | -7.49 |
| Mar 31, 2022 | -9.28 |
| Dec 31, 2021 | -42.95 |
| Sep 30, 2021 | -40.25 |
| Jun 30, 2021 | -6.98 |