First Merchants Corporation (FRME) — Financial Flexibility Index
First Merchants Corporation (FRME) has a Financial Flexibility Index of 0.00x as of December 2025. Free cash flow of $80.71 Million (operating CF $80.71 Million minus capex $0.00) represents 0% of total liabilities ($16.56 Billion). Check total reinvestment intensity of First Merchants Corporation to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
First Merchants Corporation Financial Flexibility Index (1989–2025)
Historical Financial Flexibility Index trend for First Merchants Corporation across 37 annual periods. For the full cash flow conversion analysis, see First Merchants Corporation cash flow conversion.
Annual Financial Flexibility Index for First Merchants Corporation (1989–2025)
Year-by-year free cash flow to debt coverage for First Merchants Corporation. Explore how well can First Merchants Corporation service its debt to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.02x | $283.65 Million | $283.65 Million | $16.56 Billion | ▲ +3.0% |
| 2024 | 0.02x | $266.21 Million | $266.21 Million | $16.01 Billion | ▲ +3.8% |
| 2023 | 0.02x | $258.83 Million | $258.83 Million | $16.16 Billion | ▼ -5.0% |
| 2022 | 0.02x | $268.05 Million | $268.05 Million | $15.90 Billion | ▼ -16.0% |
| 2021 | 0.02x | $271.65 Million | $207.38 Million | $13.54 Billion | ▲ +19.4% |
| 2020 | 0.02x | $204.81 Million | $204.81 Million | $12.19 Billion | ▼ -63.5% |
| 2019 | 0.05x | $490.84 Million | $178.41 Million | $10.67 Billion | ▲ +105.9% |
| 2018 | 0.02x | $189.36 Million | $180.24 Million | $8.48 Billion | ▼ -67.7% |
| 2017 | 0.07x | $558.57 Million | $126.50 Million | $8.06 Billion | ▲ +284.4% |
| 2016 | 0.02x | $113.69 Million | $103.72 Million | $6.31 Billion | ▼ -72.1% |
| 2015 | 0.06x | $382.03 Million | $56.66 Million | $5.91 Billion | ▲ +48.5% |
| 2014 | 0.04x | $221.87 Million | $75.84 Million | $5.10 Billion | ▼ -11.8% |
| 2013 | 0.05x | $237.02 Million | $183.13 Million | $4.80 Billion | ▲ +3.5% |
| 2012 | 0.05x | $178.90 Million | $70.27 Million | $3.75 Billion | ▲ +76.0% |
| 2011 | 0.03x | $99.10 Million | $85.48 Million | $3.66 Billion | ▲ +24.2% |
| 2010 | 0.02x | $81.05 Million | $81.05 Million | $3.72 Billion | ▲ +397.5% |
| 2009 | 0.00x | $17.61 Million | $17.61 Million | $4.02 Billion | ▼ -50.7% |
| 2008 | 0.01x | $39.01 Million | $39.01 Million | $4.39 Billion | ▼ -38.3% |
| 2007 | 0.01x | $49.61 Million | $49.61 Million | $3.44 Billion | ▲ +28.2% |
| 2006 | 0.01x | $36.28 Million | $36.28 Million | $3.23 Billion | ▼ -29.3% |
| 2005 | 0.02x | $46.49 Million | $46.49 Million | $2.92 Billion | ▲ +14.5% |
| 2004 | 0.01x | $39.95 Million | $39.95 Million | $2.88 Billion | ▼ -41.4% |
| 2003 | 0.02x | $65.67 Million | $65.67 Million | $2.77 Billion | ▲ +153.9% |
| 2002 | 0.01x | $22.55 Million | $17.70 Million | $2.42 Billion | ▼ -55.4% |
| 2001 | 0.02x | $33.65 Million | $31.21 Million | $1.61 Billion | ▼ -10.3% |
| 2000 | 0.02x | $34.19 Million | $29.79 Million | $1.47 Billion | ▲ +7.0% |
| 1999 | 0.02x | $29.40 Million | $25.70 Million | $1.35 Billion | ▲ +7.2% |
| 1998 | 0.02x | $24.60 Million | $19.40 Million | $1.21 Billion | ▼ -16.5% |
| 1997 | 0.02x | $21.90 Million | $19.30 Million | $898.10 Million | ▲ +10.4% |
| 1996 | 0.02x | $18.90 Million | $16.80 Million | $855.30 Million | ▼ -0.3% |
| 1995 | 0.02x | $13.90 Million | $11.80 Million | $627.40 Million | ▼ -7.2% |
| 1994 | 0.02x | $13.70 Million | $12.50 Million | $573.60 Million | ▼ -4.2% |
| 1993 | 0.02x | $13.90 Million | $11.30 Million | $557.30 Million | ▲ +14.0% |
| 1992 | 0.02x | $12.10 Million | $10.70 Million | $553.00 Million | ▲ +11.1% |
| 1991 | 0.02x | $10.60 Million | $9.50 Million | $538.10 Million | ▲ +16.2% |
| 1990 | 0.02x | $8.30 Million | $7.80 Million | $489.80 Million | ▼ -3.1% |
| 1989 | 0.02x | $8.30 Million | $7.60 Million | $474.60 Million | — |