First Merchants (FRME) Total Debt (2011 - 2026)
First Merchants' Total Debt came in at $1.41 billion for Q2 2026, up 57.3% from $898.7 million a year earlier and up 8.8% from the prior quarter.
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Analysis
First Merchants (FRME) Total Debt (2011 - 2026) Analysis & Trends
At the end of FY2025, First Merchants' Total Debt was $798.55 million, down 2.9% from FY2024.
- Total Debt carries a five-year compound annual growth rate of 15.4% (FY2020 to FY2025).
- Going back by year, Total Debt was $822.55 million in FY2024 (+15.4%), $712.85 million in FY2023 (-13.5%), $823.67 million in FY2022 (+146.6%) and $334.06 million in FY2021 (-14.2%).
- The Q2 2026 figure represents the highest quarterly Total Debt in data going back to Q4 2011.
- Year-over-year, Total Debt increased in six of the last eight quarters, with growth averaging 22.8%.
- The fastest year-over-year change in Total Debt over five years came in Q1 2023 (growth of 166.6%), and the weakest in Q1 2024 (a decline of 25.6%).
- Business Quant data shows FRME's Total Debt at $1.3 billion (Q1 2026), $798.55 million (Q4 2025) and $798.63 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 890.60 Bn | 920.07 Bn | - | 72.43 Bn |
| 2 | Banco Santander Chile | 421.74 Bn | 541.68 Bn | - | 3,658.56 Bn |
| 3 | Bank Of America | 385.85 Bn | -1,990.22 Bn | - | 59.98 Bn |
| 4 | Hsbc Holdings | 345.94 Bn | 345.99 Bn | - | - |
| 5 | Morgan Stanley | 303.15 Bn | -205.95 Bn | - | 29.82 Bn |
| 6 | Royal Bank Of Canada | 279.82 Bn | 130.57 Bn | - | 386.30 Bn |
| 7 | Mitsubishi Ufj Financial | 274.62 Bn | -1,313.87 Bn | 10.89 Bn | 114.75 Bn |
| 8 | Goldman Sachs | 267.07 Bn | -3,290.04 Bn | - | 437.87 Bn |
| 9 | Wells Fargo & Company | 243.79 Bn | 245.93 Bn | - | 25.17 Bn |
| 10 | First Merchants | 2.49 Bn | 2.49 Bn | - | 1.41 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.41 Bn |
| Mar 31, 2026 | 1.30 Bn |
| Dec 31, 2025 | 798.55 Mn |
| Sep 30, 2025 | 798.63 Mn |
| Jun 30, 2025 | 898.70 Mn |
| Mar 31, 2025 | 972.48 Mn |
| Dec 31, 2024 | 822.55 Mn |
| Sep 30, 2024 | 832.63 Mn |
| Jun 30, 2024 | 832.70 Mn |
| Mar 31, 2024 | 612.78 Mn |
| Dec 31, 2023 | 712.85 Mn |
| Sep 30, 2023 | 713.38 Mn |
| Jun 30, 2023 | 723.48 Mn |
| Mar 31, 2023 | 823.58 Mn |
| Dec 31, 2022 | 823.67 Mn |
| Sep 30, 2022 | 643.77 Mn |
| Jun 30, 2022 | 598.87 Mn |
| Mar 31, 2022 | 308.96 Mn |
| Dec 31, 2021 | 334.06 Mn |
| Sep 30, 2021 | 334.15 Mn |
API Access
First Merchants Total Debt 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=total-debt&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();