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). Also explore FRME shareholders equity momentum to track the company's year-over-year net asset growth rate.
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. Check asset allocation strategy of First Merchants Corporation to assess the company's strategic physical and investment asset allocation.
Annual Financial Flexibility Index for First Merchants Corporation (1989–2025)
Year-by-year free cash flow to debt coverage for First Merchants Corporation. For the full company profile including market capitalisation, see FRME market cap.
| 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 | — |