First Merchants Corp (FRMEP) stock
FRMEPNasdaqNational Commercial BanksFiscal year ends December 31Also trades as FRME
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 11/303% below fair value
$25.17+0.00 (0.00%)
Close on Oct 30, 2026Market cap $1.58BP/E 7.8Yield 5.68%
First Merchants operating cash flow
Operating cash flow is the cash the business generates from its day-to-day operations.
First Merchants's operating cash flow for the twelve months ending Sep 30, 2026 was $305.74M, up 13.1% year over year. For fiscal 2025 it was $283.65M, up 6.5% from the year before. Over ten years it grew 17.5% a year on average. The highest annual figure on record is $284.29M in fiscal 2022.
Annual operating cash flow
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $283.65M | +6.5% |
| FY2024 | Dec 31, 2024 | $266.21M | +2.9% |
| FY2023 | Dec 31, 2023 | $258.83M | -9.0% |
| FY2022 | Dec 31, 2022 | $284.29M | +32.0% |
| FY2021 | Dec 31, 2021 | $215.34M | +5.6% |
| FY2020 | Dec 31, 2020 | $203.83M | +15.3% |
| FY2019 | Dec 31, 2019 | $176.73M | -1.9% |
| FY2018 | Dec 31, 2018 | $180.24M | +42.5% |
| FY2017 | Dec 31, 2017 | $126.50M | +22.0% |
| FY2016 | Dec 31, 2016 | $103.72M | +83.1% |
| FY2015 | Dec 31, 2015 | $56.66M | -25.3% |
| FY2014 | Dec 31, 2014 | $75.84M | -58.6% |
| FY2013 | Dec 31, 2013 | $183.13M | +160.6% |
| FY2012 | Dec 31, 2012 | $70.27M | -17.8% |
| FY2011 | Dec 31, 2011 | $85.48M | +5.5% |
| FY2010 | Dec 31, 2010 | $81.05M | +360.3% |
| FY2009 | Dec 31, 2009 | $17.61M | – |
Quarterly operating cash flow
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $78.40M | -10.5% |
| Q2 FY2026 | Jun 30, 2026 | $88.04M | +64.0% |
| Q1 FY2026 | Mar 31, 2026 | $58.59M | -5.0% |
| Q4 FY2025 | Dec 31, 2025 | $80.71M | +19.6% |
| Q3 FY2025 | Sep 30, 2025 | $87.56M | +14.0% |
| Q2 FY2025 | Jun 30, 2025 | $53.68M | -14.8% |
| Q1 FY2025 | Mar 31, 2025 | $61.70M | +4.8% |
| Q4 FY2024 | Dec 31, 2024 | $67.50M | +2.9% |
| Q3 FY2024 | Sep 30, 2024 | $76.83M | -4.3% |
| Q2 FY2024 | Jun 30, 2024 | $63.03M | +148.5% |
| Q1 FY2024 | Mar 31, 2024 | $58.85M | -32.8% |
| Q4 FY2023 | Dec 31, 2023 | $65.62M | -53.0% |
| Q3 FY2023 | Sep 30, 2023 | $80.25M | +61.7% |
| Q2 FY2023 | Jun 30, 2023 | $25.36M | -43.4% |
| Q1 FY2023 | Mar 31, 2023 | $87.61M | +74.4% |
| Q4 FY2022 | Dec 31, 2022 | $139.61M | +159.4% |
| Q3 FY2022 | Sep 30, 2022 | $49.62M | -25.3% |
| Q2 FY2022 | Jun 30, 2022 | $44.84M | +6.0% |
| Q1 FY2022 | Mar 31, 2022 | $50.22M | -4.9% |
| Q4 FY2021 | Dec 31, 2021 | $53.81M | -9.6% |
| Q3 FY2021 | Sep 30, 2021 | $66.41M | +124.1% |
| Q2 FY2021 | Jun 30, 2021 | $42.31M | -2.1% |
| Q1 FY2021 | Mar 31, 2021 | $52.81M | -26.1% |
| Q4 FY2020 | Dec 31, 2020 | $59.50M | +48.0% |
| Q3 FY2020 | Sep 30, 2020 | $29.63M | -44.6% |
| Q2 FY2020 | Jun 30, 2020 | $43.21M | +39.1% |
| Q1 FY2020 | Mar 31, 2020 | $71.49M | +37.6% |
| Q4 FY2019 | Dec 31, 2019 | $40.20M | -8.8% |
| Q3 FY2019 | Sep 30, 2019 | $53.52M | -1.7% |
| Q2 FY2019 | Jun 30, 2019 | $31.07M | -38.8% |
| Q1 FY2019 | Mar 31, 2019 | $51.94M | +67.6% |
| Q4 FY2018 | Dec 31, 2018 | $44.08M | -6.5% |
| Q3 FY2018 | Sep 30, 2018 | $54.43M | +148.9% |
| Q2 FY2018 | Jun 30, 2018 | $50.73M | +128.8% |
| Q1 FY2018 | Mar 31, 2018 | $31.00M | -12.3% |
| Q4 FY2017 | Dec 31, 2017 | $47.14M | +105.6% |
| Q3 FY2017 | Sep 30, 2017 | $21.87M | – |
| Q2 FY2017 | Jun 30, 2017 | $22.17M | – |
| Q1 FY2017 | Mar 31, 2017 | $35.33M | – |
| Q4 FY2016 | Dec 31, 2016 | $22.92M | – |