First Merchants (FRMEP) Operating Expenses (2010 - 2026)
First Merchants (FRMEP) posted Operating Expenses of $115.3 million for Q2 2026, down 7.83% on a QoQ basis from $125.1 million in Q1 2026, and up 23.24% year-over-year from $93.6 million in Q2 2025.
Analysis
First Merchants (FRMEP) Operating Expenses (2010 - 2026) Analysis & Trends
First Merchants has reported Operating Expenses for 17 years, with the latest figure at $115.3 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 23.24% year-over-year to $115.3 million in Q2 2026; TTM through Jun 2026 was $436.6 million, a 15.67% increase from a year earlier, with the FY2025 full-year figure at $382.6 million, up 0.87% from the prior year.
- Operating Expenses was $115.3 million for Q2 2026 at First Merchants, down from $125.1 million in the prior quarter.
- The five-year high for Operating Expenses was $125.1 million in Q1 2026, with the low at $72.3 million in Q1 2022.
- Average Operating Expenses over 5 years is $97.0 million, with a median of $95.5 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 40.43% in 2022, then retreated 10.93% in 2024.
- Over 5 years, Operating Expenses stood at $89.7 million in 2022, then gained by 20.52% to $108.1 million in 2023, then fell by 10.93% to $96.3 million in 2024, then gained by 3.36% to $99.5 million in 2025, then increased by 15.9% to $115.3 million in 2026.
- The last three Operating Expenses figures came in at $115.3 million (Q2 2026), $125.1 million (Q1 2026), and $99.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 948.29 Bn | 948.29 Bn | - | -259.95 Bn |
| 2 | Truist Financial | 61.53 Bn | 61.53 Bn | - | 3.06 Bn |
| 3 | Fifth Third Bancorp | 49.26 Bn | 25.54 Bn | - | 2.11 Bn |
| 4 | M&T Bank | 34.65 Bn | 34.65 Bn | - | 1.35 Bn |
| 5 | Huntington Bancshares | 33.52 Bn | 29.00 Bn | - | 1.81 Bn |
| 6 | Citizens Financial | 29.29 Bn | 29.29 Bn | - | 1.39 Bn |
| 7 | Regions Financial | 25.43 Bn | 25.43 Bn | - | 1.12 Bn |
| 8 | First Citizens Bancshares | 24.48 Bn | 23.96 Bn | 29.00 Mn | 1.55 Bn |
| 9 | Keycorp | 23.20 Bn | -24.50 Bn | - | 1.22 Bn |
| 10 | First Merchants | 1.56 Bn | 1.56 Bn | 7.27 Mn | 115.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 115.35 Mn |
| Mar 31, 2026 | 125.15 Mn |
| Dec 31, 2025 | 99.52 Mn |
| Sep 30, 2025 | 96.56 Mn |
| Jun 30, 2025 | 93.60 Mn |
| Mar 31, 2025 | 92.90 Mn |
| Dec 31, 2024 | 96.29 Mn |
| Sep 30, 2024 | 94.63 Mn |
| Jun 30, 2024 | 91.41 Mn |
| Mar 31, 2024 | 96.94 Mn |
| Dec 31, 2023 | 108.10 Mn |
| Sep 30, 2023 | 93.85 Mn |
| Jun 30, 2023 | 92.59 Mn |
| Mar 31, 2023 | 93.72 Mn |
| Dec 31, 2022 | 89.70 Mn |
| Sep 30, 2022 | 96.38 Mn |
| Jun 30, 2022 | 97.31 Mn |
| Mar 31, 2022 | 72.33 Mn |
| Dec 31, 2021 | 72.44 Mn |
| Sep 30, 2021 | 71.38 Mn |