First Merchants (FRMEP) Interest Expenses (2010 - 2026)
First Merchants (FRMEP) posted Interest Expenses of $101.9 million for Q2 2026, up 4.76% on a QoQ basis from $97.3 million in Q1 2026, and up 5.35% year-over-year from $96.7 million in Q2 2025.
Analysis
First Merchants (FRMEP) Interest Expenses (2010 - 2026) Analysis & Trends
First Merchants has reported Interest Expenses for 17 years, with the latest figure at $101.9 million in Q2 2026.
- On a quarterly basis, Interest Expenses rose 5.35% year-over-year to $101.9 million in Q2 2026; TTM through Jun 2026 was $399.0 million, a 0.06% change from a year earlier, with the FY2025 full-year figure at $388.8 million, down 8.93% from the prior year.
- Interest Expenses was $101.9 million for Q2 2026 at First Merchants, up from $97.3 million in the prior quarter.
- The five-year high for Interest Expenses was $110.0 million in Q3 2024, with the low at $7.3 million in Q1 2022.
- Average Interest Expenses over 5 years is $80.5 million, with a median of $97.0 million recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: Interest Expenses declined 22.67% in 2022, then surged 757.84% in 2023.
- Over 5 years, Interest Expenses stood at $42.0 million in 2022, then soared by 154.43% to $106.9 million in 2023, then decreased by 6.22% to $100.3 million in 2024, then declined by 1.89% to $98.4 million in 2025, then climbed by 3.58% to $101.9 million in 2026.
- The last three Interest Expenses figures came in at $101.9 million (Q2 2026), $97.3 million (Q1 2026), and $98.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 947.35 Bn | 947.35 Bn | - | -467.75 Bn |
| 2 | Truist Financial | 61.50 Bn | 61.50 Bn | - | 2.35 Bn |
| 3 | Fifth Third Bancorp | 49.30 Bn | 25.58 Bn | - | 1.16 Bn |
| 4 | M&T Bank | 34.65 Bn | 34.65 Bn | - | 828.00 Mn |
| 5 | Huntington Bancshares | 33.54 Bn | 29.02 Bn | - | 1.33 Bn |
| 6 | Citizens Financial | 29.26 Bn | 29.26 Bn | - | 912.00 Mn |
| 7 | Regions Financial | 25.45 Bn | 25.45 Bn | - | 471.00 Mn |
| 8 | First Citizens Bancshares | 24.52 Bn | 24.00 Bn | 29.00 Mn | 1.20 Bn |
| 9 | Keycorp | 23.24 Bn | -24.46 Bn | - | 809.00 Mn |
| 10 | First Merchants | 1.56 Bn | 1.56 Bn | 7.27 Mn | 101.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 101.90 Mn |
| Mar 31, 2026 | 97.27 Mn |
| Dec 31, 2025 | 98.38 Mn |
| Sep 30, 2025 | 101.43 Mn |
| Jun 30, 2025 | 96.72 Mn |
| Mar 31, 2025 | 92.25 Mn |
| Dec 31, 2024 | 100.27 Mn |
| Sep 30, 2024 | 109.97 Mn |
| Jun 30, 2024 | 107.81 Mn |
| Mar 31, 2024 | 108.84 Mn |
| Dec 31, 2023 | 106.93 Mn |
| Sep 30, 2023 | 95.75 Mn |
| Jun 30, 2023 | 83.53 Mn |
| Mar 31, 2023 | 62.28 Mn |
| Dec 31, 2022 | 42.03 Mn |
| Sep 30, 2022 | 23.03 Mn |
| Jun 30, 2022 | 12.49 Mn |
| Mar 31, 2022 | 7.26 Mn |
| Dec 31, 2021 | 8.72 Mn |
| Sep 30, 2021 | 8.83 Mn |