First Merchants Corporation FRME Bank Owned Life Insurance Income

Bank Owned Life Insurance Income at other companies

Customers BancorpCUBI

$3.08M-33.8%

Northwest BancsharesNWBI

$2.04M+53.4%

Stock Yards BancorpSYBT

$632K+1.6%

Independent Bank CorpINDB

$2.71M+31.3%

First Commonwealth FinancialFCF

$1.8M+19.6%

Community Financial SystemCBU

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Questions, answered.

What is First Merchants Corporation's bank owned life insurance income?

First Merchants Corporation (FRME) reported bank owned life insurance income of $3.45M in Q1 2026.

How has First Merchants Corporation's bank owned life insurance income changed year-over-year?

First Merchants Corporation's bank owned life insurance income increased by 58.1% year-over-year, from $2.18M to $3.45M.

What is the long-term trend for First Merchants Corporation's bank owned life insurance income?

Over 4 years (2021 to 2025), First Merchants Corporation's bank owned life insurance income has grown at a 11.8% compound annual growth rate (CAGR), from $4.87M to $7.61M.

What does bank owned life insurance income mean?

This represents the tax-advantaged earnings generated from life insurance policies held by the bank on the lives of its employees or executives. It serves as a stable, non-interest income stream that helps offset the costs of employee benefit programs.