First Merchants (FRMEP) Tax Provisions (2010 - 2026)
First Merchants (FRMEP) posted Tax Provisions of $3.8 million for Q2 2026, up 452.67% on a QoQ basis from -$1.1 million in Q1 2026, and down 54.51% year-over-year from $8.3 million in Q2 2025.
Analysis
First Merchants (FRMEP) Tax Provisions (2010 - 2026) Analysis & Trends
First Merchants has reported Tax Provisions for 17 years, with the latest figure at $3.8 million in Q2 2026.
- On a quarterly basis, Tax Provisions fell 54.51% year-over-year to $3.8 million in Q2 2026; TTM through Jun 2026 was $19.6 million, a 44.8% decrease from a year earlier, with the FY2025 full-year figure at $33.1 million, up 9.19% from the prior year.
- Tax Provisions was $3.8 million for Q2 2026 at First Merchants, up from -$1.1 million in the prior quarter.
- The five-year high for Tax Provisions was $12.6 million in Q4 2022, with the low at -$1.1 million in Q1 2026.
- Average Tax Provisions over 5 years is $7.5 million, with a median of $8.1 million recorded in 2025.
- The sharpest annual moves came in 2024 and 2026: Tax Provisions surged 177.38% in 2024, then slumped 113.57% in 2026.
- Over 5 years, Tax Provisions stood at $12.6 million in 2022, then tumbled by 65.01% to $4.4 million in 2023, then soared by 177.38% to $12.3 million in 2024, then tumbled by 31.29% to $8.4 million in 2025, then plunged by 55.29% to $3.8 million in 2026.
- The last three Tax Provisions figures came in at $3.8 million (Q2 2026), -$1.1 million (Q1 2026), and $8.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 948.29 Bn | 948.29 Bn | - | -51.13 Bn |
| 2 | Truist Financial | 61.53 Bn | 61.53 Bn | - | 262.00 Mn |
| 3 | Fifth Third Bancorp | 49.26 Bn | 25.54 Bn | - | 235.00 Mn |
| 4 | M&T Bank | 34.65 Bn | 34.65 Bn | - | 245.00 Mn |
| 5 | Huntington Bancshares | 33.52 Bn | 29.00 Bn | - | 165.00 Mn |
| 6 | Citizens Financial | 29.29 Bn | 29.29 Bn | - | 168.00 Mn |
| 7 | Regions Financial | 25.43 Bn | 25.43 Bn | - | 148.00 Mn |
| 8 | First Citizens Bancshares | 24.48 Bn | 23.96 Bn | 29.00 Mn | 219.00 Mn |
| 9 | Keycorp | 23.20 Bn | -24.50 Bn | - | 139.00 Mn |
| 10 | First Merchants | 1.56 Bn | 1.56 Bn | 7.27 Mn | 3.77 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.77 Mn |
| Mar 31, 2026 | -1.07 Mn |
| Dec 31, 2025 | 8.43 Mn |
| Sep 30, 2025 | 8.52 Mn |
| Jun 30, 2025 | 8.29 Mn |
| Mar 31, 2025 | 7.88 Mn |
| Dec 31, 2024 | 12.27 Mn |
| Sep 30, 2024 | 7.16 Mn |
| Jun 30, 2024 | 4.07 Mn |
| Mar 31, 2024 | 6.83 Mn |
| Dec 31, 2023 | 4.43 Mn |
| Sep 30, 2023 | 9.01 Mn |
| Jun 30, 2023 | 10.70 Mn |
| Mar 31, 2023 | 11.32 Mn |
| Dec 31, 2022 | 12.65 Mn |
| Sep 30, 2022 | 9.79 Mn |
| Jun 30, 2022 | 3.88 Mn |
| Mar 31, 2022 | 7.27 Mn |
| Dec 31, 2021 | 6.95 Mn |
| Sep 30, 2021 | 9.06 Mn |