First Merchants (FRMEP) Dividend Coverage Ratio (2012 - 2026)
First Merchants (FRMEP) posted Dividend Coverage Ratio of 1.87 for Q2 2026, up 54.41% on a QoQ basis from 1.21 in Q1 2026, and down 30.86% year-over-year from 2.71 in Q2 2025.
Analysis
First Merchants (FRMEP) Dividend Coverage Ratio (2012 - 2026) Analysis & Trends
First Merchants has reported Dividend Coverage Ratio for 15 years, with the latest figure at 1.87 in Q2 2026.
- On a quarterly basis, Dividend Coverage Ratio fell 30.86% year-over-year to 1.87 in Q2 2026; TTM through Jun 2026 was 2.1, a 22.8% decrease from a year earlier, with the FY2025 full-year figure at 2.7, up 10.58% from the prior year.
- Dividend Coverage Ratio was 1.87 for Q2 2026 at First Merchants, up from 1.21 in the prior quarter.
- The five-year high for Dividend Coverage Ratio was 3.69 in Q4 2022, with the low at 1.21 in Q1 2026.
- Average Dividend Coverage Ratio over 5 years is 2.61, with a median of 2.71 recorded in 2025.
- The sharpest annual moves came in 2024 and 2026: Dividend Coverage Ratio jumped 51.1% in 2024, then sank 54.7% in 2026.
- Over 5 years, Dividend Coverage Ratio stood at 3.69 in 2022, then sank by 44.02% to 2.06 in 2023, then jumped by 51.1% to 3.12 in 2024, then slipped by 12.86% to 2.72 in 2025, then tumbled by 31.08% to 1.87 in 2026.
- The last three Dividend Coverage Ratio figures came in at 1.87 (Q2 2026), 1.21 (Q1 2026), and 2.72 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 947.35 Bn | 947.35 Bn | - | - |
| 2 | Truist Financial | 61.57 Bn | 61.57 Bn | - | 2.39 |
| 3 | Fifth Third Bancorp | 49.31 Bn | 25.58 Bn | - | - |
| 4 | M&T Bank | 34.69 Bn | 34.69 Bn | - | 3.58 |
| 5 | Huntington Bancshares | 33.55 Bn | 29.03 Bn | - | 2.17 |
| 6 | Citizens Financial | 29.28 Bn | 29.28 Bn | - | 2.80 |
| 7 | Regions Financial | 25.47 Bn | 25.47 Bn | - | 2.41 |
| 8 | First Citizens Bancshares | 24.52 Bn | 24.00 Bn | 29.00 Mn | 11.64 |
| 9 | Keycorp | 23.26 Bn | -24.44 Bn | - | 1.83 |
| 10 | First Merchants | 1.56 Bn | 1.56 Bn | 7.27 Mn | 1.87 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.87 |
| Mar 31, 2026 | 1.21 |
| Dec 31, 2025 | 2.72 |
| Sep 30, 2025 | 2.71 |
| Jun 30, 2025 | 2.71 |
| Mar 31, 2025 | 2.68 |
| Dec 31, 2024 | 3.12 |
| Sep 30, 2024 | 2.37 |
| Jun 30, 2024 | 1.93 |
| Mar 31, 2024 | 2.36 |
| Dec 31, 2023 | 2.06 |
| Sep 30, 2023 | 2.75 |
| Jun 30, 2023 | 2.98 |
| Mar 31, 2023 | 3.33 |
| Dec 31, 2022 | 3.69 |
| Sep 30, 2022 | 3.32 |
| Jun 30, 2022 | 2.02 |
| Mar 31, 2022 | 3.11 |
| Dec 31, 2021 | 3.06 |
| Sep 30, 2021 | 3.36 |