First Merchants (FRMEP) Interest Expense - Debt (2010 - 2026)
First Merchants (FRMEP) posted Interest Expense - Debt of $13.2 million for Q2 2026, up 19.39% on a QoQ basis from $11.0 million in Q1 2026, and up 35.78% year-over-year from $9.7 million in Q2 2025.
Analysis
First Merchants (FRMEP) Interest Expense - Debt (2010 - 2026) Analysis & Trends
First Merchants has reported Interest Expense - Debt for 17 years, with the latest figure at $13.2 million in Q2 2026.
- On a quarterly basis, Interest Expense - Debt rose 35.78% year-over-year to $13.2 million in Q2 2026; TTM through Jun 2026 was $40.9 million, a 14.33% increase from a year earlier, with the FY2025 full-year figure at $35.8 million, up 19.66% from the prior year.
- Interest Expense - Debt was $13.2 million for Q2 2026 at First Merchants, up from $11.0 million in the prior quarter.
- The five-year high for Interest Expense - Debt was $13.2 million in Q2 2026, with the low at $1.2 million in Q1 2022.
- Average Interest Expense - Debt over 5 years is $7.1 million, with a median of $7.0 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Interest Expense - Debt fell 15.53% in 2022, then surged 479.97% in 2023.
- Over 5 years, Interest Expense - Debt stood at $4.9 million in 2022, then jumped by 30.39% to $6.4 million in 2023, then increased by 27.06% to $8.2 million in 2024, then dropped by 1.52% to $8.0 million in 2025, then jumped by 63.91% to $13.2 million in 2026.
- The last three Interest Expense - Debt figures came in at $13.2 million (Q2 2026), $11.0 million (Q1 2026), and $8.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense - Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 950.04 Bn | 950.04 Bn | - | - |
| 2 | Truist Financial | 61.53 Bn | 61.53 Bn | - | 485.00 Mn |
| 3 | Fifth Third Bancorp | 49.44 Bn | 25.72 Bn | - | 228.00 Mn |
| 4 | M&T Bank | 34.75 Bn | 34.75 Bn | - | 170.00 Mn |
| 5 | Huntington Bancshares | 33.61 Bn | 29.08 Bn | - | 18.00 Mn |
| 6 | Citizens Financial | 29.28 Bn | 29.28 Bn | - | 156.00 Mn |
| 7 | Regions Financial | 25.53 Bn | 25.53 Bn | - | 52.00 Mn |
| 8 | First Citizens Bancshares | 24.70 Bn | 24.18 Bn | 29.00 Mn | 314.00 Mn |
| 9 | Keycorp | 23.24 Bn | -24.45 Bn | - | 155.00 Mn |
| 10 | First Merchants | 1.56 Bn | 1.56 Bn | 7.27 Mn | 13.19 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.19 Mn |
| Mar 31, 2026 | 11.05 Mn |
| Dec 31, 2025 | 8.05 Mn |
| Sep 30, 2025 | 8.64 Mn |
| Jun 30, 2025 | 9.71 Mn |
| Mar 31, 2025 | 9.36 Mn |
| Dec 31, 2024 | 8.17 Mn |
| Sep 30, 2024 | 8.54 Mn |
| Jun 30, 2024 | 6.40 Mn |
| Mar 31, 2024 | 6.77 Mn |
| Dec 31, 2023 | 6.43 Mn |
| Sep 30, 2023 | 6.90 Mn |
| Jun 30, 2023 | 6.82 Mn |
| Mar 31, 2023 | 7.06 Mn |
| Dec 31, 2022 | 4.93 Mn |
| Sep 30, 2022 | 3.49 Mn |
| Jun 30, 2022 | 1.77 Mn |
| Mar 31, 2022 | 1.22 Mn |
| Dec 31, 2021 | 1.39 Mn |
| Sep 30, 2021 | 1.39 Mn |