stockrowFirst Merchants Corporation
FRME Financial Banks Regional
First Merchants Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, down 2.04% from fiscal 2024.
- Revenue
- +12.9%
- EPS
- +11.2%
- Free cash flow
- −10.5%
- Total debt
- +27.1%
Quarter to September 2026, against a year earlier
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First Merchants Corporation (FRME) Return on invested capital
First Merchants Corporation's return on invested capital over the twelve months to 30 September 2026 was 4.07%, down 1.2 percentage points from fiscal 2025 (5.32%). Over the past ten years it has ranged from 5.01% (fiscal 2017) to 8.73% (fiscal 2021); the current reading is higher than 36% of that period. That is below the Banks Regional industry median of 8.45% and below the Financial sector median of 4.70%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 5.32% | 0.21 |
| FY2024 | 5.11% | (1.19) |
| FY2023 | 6.30% | 0.51 |
| FY2022 | 5.79% | (2.94) |
| FY2021 | 8.73% | 2.82 |
| FY2020 | 5.91% | (0.20) |
| FY2019 | 6.11% | (0.87) |
| FY2018 | 6.98% | 1.97 |
| FY2017 | 5.01% | (0.76) |
| FY2016 | 5.77% | 0.50 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| FBK FB Financial Corporation compare | 20.5% |
| TRMK Trustmark Corporation compare | 11.2% |
| BBT Beacon Financial Corporation compare | 10.1% |
| NBTB NBT Bancorp Inc. compare | 9.91% |
| FBNC First Bancorp compare | 9.56% |
| BANR Banner Corporation compare | 8.93% |
| BOH Bank of Hawaii Corporation compare | 8.88% |
| FRME First Merchants Corporation | 4.07% |
| SYBT Stock Yards Bancorp, Inc. compare | 0.00% |
| Banks Regional industry median | 8.45% |
| Financial sector median | 4.70% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on FRME
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement