First Merchants Corporation Cash Flow Quality Index
First Merchants Corporation cash flow quality index. First Merchants Corporation (FRME) has a Cash Flow Quality Index of 2.00x as of June 2026. Operating cash flow of $88.04 Million exceeds net income of $43.98 Million, indicating high earnings quality where cash backs reported profits. See First Merchants Corporation leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of First Merchants Corporation (1989–2025)
Cash flow quality index of First Merchants Corporation from 1989 to 2025. Historical Cash Flow Quality Index for First Merchants Corporation across 36 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore how well can First Merchants Corporation service its debt to assess how comfortably operating cash covers total debt obligations.
First Merchants Corporation Cash Flow Quality Index by Year (1989–2025)
First Merchants Corporation cash flow quality index by year from 1989 to 2025. Year-by-year earnings quality comparison for First Merchants Corporation. For the full cash flow conversion analysis, see First Merchants Corporation (FRME) cash flow conversion.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.26x | $283.65 Million | $226.00 Million | ▼ -5.0% |
| 2024 | 1.32x | $266.21 Million | $201.40 Million | ▲ +14.3% |
| 2023 | 1.16x | $258.83 Million | $223.79 Million | ▼ -4.2% |
| 2022 | 1.21x | $268.05 Million | $222.09 Million | ▲ +19.6% |
| 2021 | 1.01x | $207.38 Million | $205.53 Million | ▼ -26.8% |
| 2020 | 1.38x | $204.81 Million | $148.60 Million | ▲ +27.1% |
| 2019 | 1.08x | $178.41 Million | $164.46 Million | ▼ -4.2% |
| 2018 | 1.13x | $180.24 Million | $159.14 Million | ▼ -14.0% |
| 2017 | 1.32x | $126.50 Million | $96.07 Million | ▲ +2.9% |
| 2016 | 1.28x | $103.72 Million | $81.05 Million | ▲ +47.7% |
| 2015 | 0.87x | $56.66 Million | $65.38 Million | ▼ -31.3% |
| 2014 | 1.26x | $75.84 Million | $60.16 Million | ▼ -69.3% |
| 2013 | 4.11x | $183.13 Million | $44.53 Million | ▲ +164.1% |
| 2012 | 1.56x | $70.27 Million | $45.12 Million | ▼ -54.0% |
| 2011 | 3.39x | $85.48 Million | $25.25 Million | ▼ -71.1% |
| 2010 | 11.73x | $81.05 Million | $6.91 Million | ▲ +520.6% |
| 2008 | 1.89x | $39.01 Million | $20.64 Million | ▲ +20.5% |
| 2007 | 1.57x | $49.61 Million | $31.64 Million | ▲ +30.5% |
| 2006 | 1.20x | $36.28 Million | $30.20 Million | ▼ -21.9% |
| 2005 | 1.54x | $46.49 Million | $30.24 Million | ▲ +13.2% |
| 2004 | 1.36x | $39.95 Million | $29.41 Million | ▼ -43.0% |
| 2003 | 2.38x | $65.67 Million | $27.57 Million | ▲ +274.7% |
| 2002 | 0.64x | $17.70 Million | $27.84 Million | ▼ -54.8% |
| 2001 | 1.41x | $31.21 Million | $22.21 Million | ▼ -5.9% |
| 2000 | 1.49x | $29.79 Million | $19.94 Million | ▲ +11.0% |
| 1999 | 1.35x | $25.70 Million | $19.10 Million | ▲ +24.2% |
| 1998 | 1.08x | $19.40 Million | $17.90 Million | ▼ -7.3% |
| 1997 | 1.17x | $19.30 Million | $16.50 Million | ▼ -8.8% |
| 1996 | 1.28x | $16.80 Million | $13.10 Million | ▲ +7.6% |
| 1995 | 1.19x | $11.80 Million | $9.90 Million | ▼ -12.3% |
| 1994 | 1.36x | $12.50 Million | $9.20 Million | ▲ +2.2% |
| 1993 | 1.33x | $11.30 Million | $8.50 Million | ▼ -3.1% |
| 1992 | 1.37x | $10.70 Million | $7.80 Million | ▼ -1.8% |
| 1991 | 1.40x | $9.50 Million | $6.80 Million | ▲ +7.5% |
| 1990 | 1.30x | $7.80 Million | $6.00 Million | ▼ -2.5% |
| 1989 | 1.33x | $7.60 Million | $5.70 Million | — |