First Merchants (FRMEP) Non Operating Interest Expenses (2010 - 2024)
First Merchants (FRMEP) posted Non Operating Interest Expenses of $108.8 million for Q1 2024, up 1.79% on a QoQ basis from $106.9 million in Q4 2023, and up 74.76% year-over-year from $62.3 million in Q2 2023.
Analysis
First Merchants (FRMEP) Non Operating Interest Expenses (2010 - 2024) Analysis & Trends
First Merchants has reported Non Operating Interest Expenses for 15 years, with the latest figure at $108.8 million in Q1 2024.
- On a quarterly basis, Non Operating Interest Expenses rose 74.76% year-over-year to $108.8 million in Q1 2024; TTM through Mar 2024 was $395.0 million, a 182.53% increase from a year earlier, with the FY2025 full-year figure at $3.5 million, down 47.96% from the prior year.
- Non Operating Interest Expenses was $108.8 million for Q1 2024 at First Merchants, up from $106.9 million in the prior quarter.
- The five-year high for Non Operating Interest Expenses was $108.8 million in Q1 2024, with the low at $7.3 million in Q1 2022.
- Average Non Operating Interest Expenses over 5 years is $37.9 million, with a median of $16.2 million recorded in 2020.
- The sharpest annual moves came in 2021 and 2023: Non Operating Interest Expenses sank 63.79% in 2021, then surged 757.84% in 2023.
- Over 5 years, Non Operating Interest Expenses stood at $10.9 million in 2020, then dropped by 20.1% to $8.7 million in 2021, then surged by 381.95% to $42.0 million in 2022, then soared by 154.43% to $106.9 million in 2023, then climbed by 1.79% to $108.8 million in 2024.
- The last three Non Operating Interest Expenses figures came in at $108.8 million (Q1 2024), $106.9 million (Q4 2023), and $95.8 million (Q3 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 948.29 Bn | 948.29 Bn | - | -467.75 Bn |
| 2 | Truist Financial | 61.53 Bn | 61.53 Bn | - | 224.00 Mn |
| 3 | Fifth Third Bancorp | 49.26 Bn | 25.54 Bn | - | - |
| 4 | M&T Bank | 34.65 Bn | 34.65 Bn | - | - |
| 5 | Huntington Bancshares | 33.52 Bn | 29.00 Bn | - | - |
| 6 | Citizens Financial | 29.29 Bn | 29.29 Bn | - | - |
| 7 | Regions Financial | 25.43 Bn | 25.43 Bn | - | - |
| 8 | First Citizens Bancshares | 24.48 Bn | 23.96 Bn | 29.00 Mn | - |
| 9 | Keycorp | 23.20 Bn | -24.50 Bn | - | - |
| 10 | First Merchants | 1.56 Bn | 1.56 Bn | 7.27 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 9.01 Mn |
| Mar 31, 2021 | 9.39 Mn |
| Dec 31, 2020 | 10.91 Mn |
| Sep 30, 2020 | 13.30 Mn |
| Jun 30, 2020 | 16.23 Mn |
| Mar 31, 2020 | 25.93 Mn |
| Dec 31, 2019 | 28.24 Mn |
| Sep 30, 2019 | 29.20 Mn |
| Jun 30, 2019 | 27.36 Mn |