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. Check cash flow quality index of First Merchants Corporation to evaluate the quality of earnings relative to operating cash generation.
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. Explore investment intensity of First Merchants Corporation to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for First Merchants Corporation (1989–2025)
Year-by-year capital reinvestment analysis for First Merchants Corporation. For live market cap and broader valuation context, see FRME market cap overview.
| 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 | — |