First Merchants Corporation Cost of Revenue 2011-2026 | FRME

Cost of Revenue is a financial metric that reflects all direct costs associated with the production of goods or the provision of services that directly led to revenue during the reporting period. It is the total amount of expenses incurred by the company to deliver its products or services, including both production costs and related expenses necessary for delivery or customer support.

What is included in the cost of revenue

Cost Category	Examples
Production Costs	Materials, wages of production staff, depreciation of equipment
Service and Support	Customer service, user support, technical assistance
Delivery and Logistics	Packaging, delivery of goods to customers
Hosting and Infrastructure	Servers, cloud platforms (especially for IT and SaaS companies)
Content and Licenses	License purchases, production royalties (e.g., in streaming services)

Importance of the Metric

Helps to understand how costly the revenue-generating process is.
A high cost of revenue may indicate:
Poor cost control
Low operational efficiency
A low cost of revenue combined with high revenue indicates high profitability and business competitiveness.

Annual Cost of Revenue First Merchants Corporation

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
225 M	221 M	229 M	207 M	167 M	156 M	144 M	132 M	120 M	103 M	102 M	96.5 M	85.4 M	79.4 M	74.7 M

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
229 M	74.7 M	143 M

Quarterly Cost of Revenue First Merchants Corporation

2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
54.5 M	55 M	-	55.2 M	52.2 M	58.3 M	-	55.6 M	54.8 M	57.5 M	-	56 M	56 M	42.5 M	-	43.3 M	42.4 M	38.8 M	-	39.2 M	35.7 M	39.2 M	-	38.9 M	32.7 M	33 M	-	32.9 M	32.2 M	32.2 M	-	33.2 M	27.1 M	25.7 M	-	26.7 M	25.6 M	27.3 M	-	25.1 M	26.4 M	24.5 M	-	24.2 M	23.4 M	25.3 M	-	20.6 M	20.5 M	20.8 M	-	20.1 M	19.6 M	19.4 M	-	20 M	18.6 M	17.2 M

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
58.3 M	17.2 M	34.8 M

Cost of Revenue of other stocks in the Banks regional industry

Issuer	Cost of Revenue	Price	% 24h	Market Cap	Country
Civista Bancshares CIVB	58.7 M	$ 24.58	3.41 %	$ 428 M	USA
Arrow Financial Corporation AROW	56.3 M	$ 36.31	0.22 %	$ 599 M	USA
Atlantic Capital Bancshares ACBI	34.2 M	-	-1.48 %	$ 566 M	USA
Cambridge Bancorp CATC	69.8 M	-	-	$ 576 M	USA
BankFinancial Corporation BFIN	22.2 M	-	-	$ 151 M	USA
Brookline Bancorp BRKL	144 M	-	-	$ 974 M	USA
Cathay General Bancorp CATY	88.3 M	$ 53.78	0.41 %	$ 3.88 B	USA
CBM Bancorp CBMB	4.68 M	-	0.52 %	$ 61.6 M	USA
CBTX CBTX	169 M	-	1.49 %	$ 1.51 B	USA
1895 Bancorp of Wisconsin BCOW	10.1 M	-	-6.47 %	$ 52 M	USA
C&F Financial Corporation CFFI	56.8 M	$ 76.3	0.16 %	$ 247 M	USA
Citizens Holding Company CIZN	18.6 M	-	-5.65 %	$ 49.5 M	USA
Camden National Corporation CAC	79.8 M	$ 49.38	0.45 %	$ 834 M	USA
Comerica Incorporated CMA	1.35 B	-	-	$ 11.8 B	USA
Auburn National Bancorporation AUBN	13.2 M	$ 24.38	2.42 %	$ 85.2 M	USA
Popular BPOP	905 M	$ 148.3	-0.2 %	$ 10 B	USA
CrossFirst Bankshares CFB	89.2 M	-	-	$ 784 M	USA
Cincinnati Bancorp CNNB	137 K	-	-4.28 %	$ 43.3 M	USA
Codorus Valley Bancorp CVLY	38 M	-	-	$ 231 M	USA
First Busey Corporation BUSE	289 M	$ 26.3	-	$ 2.21 B	USA
Dime Community Bancshares DCOM	151 M	-	-	$ 1.48 B	USA
Dime Community Bancshares DCOMP	151 M	-	-	$ 796 M	USA
CNB Financial Corporation CCNE	35.2 M	$ 30.22	1.07 %	$ 743 M	USA
Enterprise Bancorp EBTC	78.2 M	-	-	$ 491 M	USA
Fidelity D & D Bancorp FDBC	30.8 M	$ 45.59	0.26 %	$ 263 M	USA
Capstar Financial Holdings CSTR	40.3 M	-	-	$ 425 M	USA
Emclaire Financial Corp EMCF	11.3 M	-	-4.21 %	$ 86.4 M	USA
Axos Financial AX	298 M	$ 96.62	0.3 %	$ 5.49 B	USA
Evans Bancorp EVBN	30.6 M	-	2.41 %	$ 218 M	USA
FFBW FFBW	5.21 M	-	-	$ 68.2 M	USA
FNCB Bancorp FNCB	20.2 M	-	-	$ 133 M	USA
The First Bancorp FNLC	27 M	$ 28.6	-0.31 %	$ 317 M	USA
First BanCorp. FBP	236 M	$ 23.67	-1.54 %	$ 3.89 B	Puerto-rico
First US Bancshares FUSB	16.1 M	$ 16.18	2.05 %	$ 96.5 M	USA
First Financial Northwest FFNW	20.4 M	-	-1.23 %	$ 206 M	USA
First Foundation FFWM	96.7 M	-	-	$ 487 M	USA
ConnectOne Bancorp CNOB	111 M	$ 28.01	-0.21 %	$ 1.27 B	USA
Enterprise Financial Services Corp EFSC	199 M	$ 57.56	0.05 %	$ 2.13 B	USA