First Merchants Corporation (FRME) — Cash Flow Reinvestment Rate
First Merchants Corporation (FRME) has a Cash Flow Reinvestment Rate of 0.23x as of December 2025, reinvesting $18.52 Million (capex $0.00 plus investments $18.52 Million) from operating cash flow of $80.71 Million. See cash generation quality of First Merchants Corporation to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
First Merchants Corporation Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for First Merchants Corporation across 37 annual periods. For the full cash flow conversion analysis, see First Merchants Corporation cash conversion from operations.
Annual Cash Flow Reinvestment Rate for First Merchants Corporation (1989–2025)
Year-by-year capital reinvestment analysis for First Merchants Corporation. See FRME financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.34x | $97.11 Million | $283.65 Million | $0.00 | ▼ -63.9% |
| 2024 | 0.95x | $252.42 Million | $266.21 Million | $0.00 | ▼ -10.9% |
| 2023 | 1.06x | $275.59 Million | $258.83 Million | $0.00 | ▼ -52.1% |
| 2022 | 2.22x | $595.84 Million | $268.05 Million | $0.00 | ▼ -69.8% |
| 2021 | 7.37x | $1.53 Billion | $207.38 Million | $64.27 Million | ▼ -2.7% |
| 2020 | 7.58x | $1.55 Billion | $204.81 Million | $0.00 | ▲ +2.2% |
| 2019 | 7.42x | $1.32 Billion | $178.41 Million | $312.44 Million | ▲ +128.7% |
| 2018 | 3.24x | $584.70 Million | $180.24 Million | $9.12 Million | ▼ -63.9% |
| 2017 | 8.98x | $1.14 Billion | $126.50 Million | $432.06 Million | ▲ +99.3% |
| 2016 | 4.51x | $467.30 Million | $103.72 Million | $9.97 Million | ▼ -62.8% |
| 2015 | 12.10x | $685.56 Million | $56.66 Million | $325.37 Million | ▲ +225.3% |
| 2014 | 3.72x | $282.07 Million | $75.84 Million | $146.03 Million | ▲ +220.3% |
| 2013 | 1.16x | $212.62 Million | $183.13 Million | $53.89 Million | ▼ -36.4% |
| 2012 | 1.82x | $128.22 Million | $70.27 Million | $108.63 Million | ▲ +303.3% |
| 2011 | 0.45x | $38.67 Million | $85.48 Million | $13.61 Million | — |
| 2010 | 0.00x | $0.00 | $81.05 Million | $0.00 | — |
| 2009 | 0.00x | $0.00 | $17.61 Million | $0.00 | — |
| 2008 | 0.00x | $0.00 | $39.01 Million | $0.00 | — |
| 2007 | 0.00x | $0.00 | $49.61 Million | $0.00 | — |
| 2006 | 0.00x | $0.00 | $36.28 Million | $0.00 | — |
| 2005 | 0.00x | $0.00 | $46.49 Million | $0.00 | — |
| 2004 | 0.00x | $0.00 | $39.95 Million | $0.00 | — |
| 2003 | 0.00x | $0.00 | $65.67 Million | $0.00 | ▼ -100.0% |
| 2002 | 0.27x | $4.85 Million | $17.70 Million | $4.85 Million | ▲ +251.2% |
| 2001 | 0.08x | $2.44 Million | $31.21 Million | $2.44 Million | ▼ -47.2% |
| 2000 | 0.15x | $4.41 Million | $29.79 Million | $4.41 Million | ▲ +2.8% |
| 1999 | 0.14x | $3.70 Million | $25.70 Million | $3.70 Million | ▼ -46.3% |
| 1998 | 0.27x | $5.20 Million | $19.40 Million | $5.20 Million | ▲ +99.0% |
| 1997 | 0.13x | $2.60 Million | $19.30 Million | $2.60 Million | ▲ +7.8% |
| 1996 | 0.13x | $2.10 Million | $16.80 Million | $2.10 Million | ▼ -29.8% |
| 1995 | 0.18x | $2.10 Million | $11.80 Million | $2.10 Million | ▲ +85.4% |
| 1994 | 0.10x | $1.20 Million | $12.50 Million | $1.20 Million | ▼ -58.3% |
| 1993 | 0.23x | $2.60 Million | $11.30 Million | $2.60 Million | ▲ +75.9% |
| 1992 | 0.13x | $1.40 Million | $10.70 Million | $1.40 Million | ▲ +13.0% |
| 1991 | 0.12x | $1.10 Million | $9.50 Million | $1.10 Million | ▲ +80.6% |
| 1990 | 0.06x | $500.00K | $7.80 Million | $500.00K | ▼ -30.4% |
| 1989 | 0.09x | $700.00K | $7.60 Million | $700.00K | — |