Company / Interest Expense
FIRST MERCHANTS CORP Interest Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$536.0M
FY2025
5-year range
$36.0M / $545.4M
FY2021-FY2025
Trend
+2.9%
vs FY2024
Sector context
#54 of 214
Financials
What the data says
FIRST MERCHANTS CORP's interest expense of $536M is higher than 75% of companies in the Financials sector (FY2025). Interest Expense has fluctuated over the past 10 years, ranging from $27M in FY2016 to $545M in FY2023.
Based on SEC 10-K filings.
$536M in FY2025 with a 5-year CAGR of +51.9%. Top quartile in the Financials sector.
Remained stable around $536M over the past 2 years.
Financials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +1.0%
- 5-Year CAGR
- +51.9%
- 10-Year CAGR
- -
Sector benchmark
Bottom 25% in FinancialsTop 75% of 214This company $536.0M Sector average $939.3M
▼
-42.9% below sector average
Key checks
Key Insights
- 5-year CAGR of +51.9%, indicating consistent growth.
- In FY2025, interest expense increased 2.9% year-over-year.
- Ranks #54 out of 214 companies in the Financials sector.
- Peak interest expense was recorded in FY2023.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $536.0M | +2.9% |
| FY2024 | $521.1M | -4.5% |
| FY2023 | $545.4M | +4.8% |
| FY2022 | $520.2M | +1346.9% |
| FY2021 | $36.0M | -45.8% |
| FY2020 | $66.4M | -39.0% |
| FY2019 | $108.7M | +57.4% |
| FY2018 | $69.1M | +83.7% |
| FY2017 | $37.6M | +40.1% |
| FY2016 | $26.8M | +8.2% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026