FRME (First Merchants) Total Noninterest Expense: $414.8 Mil (As of Mar. 2026)

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FRME First Merchants Corp FRME
61 GF Score
Price $43.78
GF Value $40.31
Valuation Fairly Valued
! 8 Warning Signs
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What is First Merchants Total Noninterest Expense?

First Merchants FRME +1.04% 61 Total Noninterest Expense is $414.8 Mil as of Mar. 2026. GuruFocus rates FRME with a GF Score™ of 61/100 and a GF Value™ of $40.31 (Fairly Valued). The stock has 8 warning signs investors should review.

First Merchants's Total Noninterest Expense for the three months ended in Mar. 2026 was $125.1 Mil. First Merchants's Total Noninterest Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $414.8 Mil.

First Merchants Total Noninterest Expense Related Terms

First Merchants Total Noninterest Expense Historical Data

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The historical data trend for First Merchants's Total Noninterest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Merchants Total Noninterest Expense Chart

First Merchants Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Noninterest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 279.21 355.72 388.27 379.27 382.58

First Merchants Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Noninterest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 92.90 93.60 96.56 99.52 125.15
FRME
61GF Score
First Merchants Corp FRME
Total Noninterest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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First Merchants Total Noninterest Expense Calculation

Total Noninterest Expense is any expenses incurred that not related to interest. It includes:
Selling, General, & Admin. Expense
Occupancy
Equipment
Professional fees
Amortization of intangibles
Any other special income/charges (too numerous to list)
Some banks can do choose to report each of these items separately. Yet, there are a variety of noninterest expense which are simply too numerous to list.

Total Noninterest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $414.8 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Noninterest Expense of $414.8 Mil mean?
First Merchants (FRME) has a Total Noninterest Expense of $414.8 Mil as of Mar. 2026. Total noninterest expense is any expenses incurred that not related to interest. View historical data on First Merchants and its competitors.
Is First Merchants' Total Noninterest Expense too high?
First Merchants' current Total Noninterest Expense is $414.8 Mil. Overall, First Merchants has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Merchants' Total Noninterest Expense compare to CUBI and TRMK?
First Merchants' Total Noninterest Expense of $414.8 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Noninterest Expense for a Banks company?
A good Total Noninterest Expense depends on the Banks industry context. However, Total Noninterest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Noninterest Expense mean?
A high Total Noninterest Expense can signal that a stock is expensive relative to its fundamentals. Total noninterest expense is any expenses incurred that not related to interest. View historical data on First Merchants and its competitors. First Merchants's current Total Noninterest Expense is $414.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Merchants stock overvalued right now?
Based on GuruFocus' analysis, First Merchants (FRME) is currently considered Fairly Valued. The stock's GF Value™ is $40.31, compared to a current price of $43.78 — trading 8.6% above its estimated fair value. The current Total Noninterest Expense is $414.8 Mil. First Merchants' overall GF Score™ is 61/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Noninterest Expense calculated?
Total Noninterest Expense is calculated from a company's financial statements. For First Merchants (FRME), the current Total Noninterest Expense is $414.8 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Merchants (FRME) Overvalued in 2026?

Based on GuruFocus' analysis, First Merchants stock appears to be overvalued. The current stock price of $43.78 is trading 8.6% above its estimated GF Value™ of $40.31. GuruFocus considers First Merchants to be Fairly Valued.

Key valuation signals for FRME:

  • Total Noninterest Expense: $414.8 Mil
  • GF Value™: $40.31 vs. price of $43.78 (8.6% above fair value)
  • GF Score™: 61/100 with 8 warning signs

No single metric tells the full story. See the FRME stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Merchants Business Description

Address 200 East Jackson Street, P.O. BOX 792, Muncie, IN, USA, 47305-2814
First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment, which is community banking.
61GF Score

Get the complete analysis for FRME

Total Noninterest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$43.78
Price
$40.31
GF Value