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. Explore First Merchants Corporation capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. Also explore First Merchants Corporation balance sheet assets for the complete picture of this company's asset base.
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 stock market capitalisation.
| 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 | — |