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About the company
First Merchants Corporation is a financial holding company. It has one full-service bank charter, First Merchants Bank (the Bank). The Bank operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). Through the Bank, it offers a range of commercial and consumer banking services to meet the diverse needs of its customers. Its commercial banking team offers debt capital, treasury management services and depository products. The consumer banking group offers a variety of consumer deposit and lending products. The mortgage banking team offers consumer mortgage solutions to assist with the purchase, refinance, construction or renovation of residential properties. Private Wealth Advisors offers personal wealth management services with expertise in investment management, private banking, fiduciary estate and financial planning. It operates 111 banking locations in Indiana, Ohio, and Michigan. It operates about 15 depository branches within Southern Indiana.
- Revenue in USD (TTM)924.79m
- Net income in USD224.13m
- Incorporated1982
- Employees2.09k
- LocationFirst Merchants Corp200 East Jackson Street,PO Box 792MUNCIE 47305-2814United StatesUSA
- Phone+1 (765) 747-1500
- Websitehttps://ir.firstmerchants.com/
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Mergers & acquisitions
| Acquired company | FRME:NSQ since announced | Transaction value |
|---|---|---|
| First Savings Financial Group Inc,Jeffersonville,IN | -0.10% | 240.53m |
Data delayed at least 15 minutes, as of Mar 03 2026 19:42 GMT.
Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Merchants Bancorp | 1.20bn | 173.55m | 1.99bn | 663.00 | 11.48 | 1.15 | 17.02 | 2.92 | 3.78 | 3.78 | 14.83 | 49.70 | -- | -- | -- | -- | 1.14 | 1.71 | -- | -- | -- | -- | 32.10 | 45.27 | -- | -- | -- | 6.45 | -7.82 | 33.54 | -38.82 | 0.8865 | -- | 13.40 |
| Banner Corp | 804.96m | 195.38m | 2.06bn | 1.93k | 10.70 | 1.06 | 9.65 | 3.11 | 5.64 | 5.64 | 19.07 | 57.08 | -- | -- | -- | -- | 1.20 | 1.18 | -- | -- | -- | -- | 29.57 | 30.35 | -- | -- | -- | 33.87 | 5.07 | 9.17 | 15.68 | 11.00 | -5.77 | 3.63 |
| First Busey Corp | 893.86m | 125.39m | 2.21bn | 1.88k | 20.00 | 0.9114 | 14.23 | 3.08 | 1.28 | 1.28 | 8.48 | 28.18 | -- | -- | -- | -- | 0.8972 | 0.9762 | -- | -- | -- | -- | 18.80 | 25.16 | -- | -- | -- | 47.27 | 70.69 | 22.31 | 10.29 | 4.56 | 36.12 | 2.56 |
| NBT Bancorp Inc | 710.99m | 169.24m | 2.23bn | 2.08k | 12.93 | 1.18 | 16.93 | 3.20 | 3.31 | 3.31 | 13.71 | 36.25 | -- | -- | -- | -- | 1.14 | 1.14 | -- | -- | -- | -- | 24.28 | 26.35 | -- | -- | -- | 39.73 | 16.24 | 15.34 | 20.33 | 10.15 | -- | 5.63 |
| Hilltop Holdings Inc. | 784.05m | 165.59m | 2.28bn | 3.50k | 14.49 | 1.05 | 11.91 | 1.78 | 2.64 | 2.64 | 20.44 | 36.42 | -- | -- | -- | -- | 1.07 | 1.09 | -- | -- | -- | -- | 13.42 | 13.53 | -- | -- | -- | 24.34 | -6.26 | 7.49 | 46.27 | -16.56 | -14.91 | 13.67 |
| Bancorp Inc | 551.37m | 228.21m | 2.28bn | 733.00 | 11.01 | 3.32 | 9.81 | 3.24 | 4.92 | 4.92 | 15.16 | 16.29 | -- | -- | -- | -- | 2.52 | 2.25 | -- | -- | -- | -- | 32.42 | 37.02 | -- | -- | -- | 0.00 | -0.0404 | 21.21 | 4.91 | 23.14 | 13.66 | -- |
| Customers Bancorp Inc | 1.36bn | 209.18m | 2.36bn | 863.00 | 11.14 | 1.12 | 9.24 | 2.89 | 6.20 | 6.20 | 24.47 | 61.87 | -- | -- | -- | -- | 0.9494 | 1.17 | -- | -- | -- | -- | 27.38 | 33.37 | -- | -- | -- | 0.00 | 2.39 | 20.14 | 25.69 | 10.15 | 41.10 | -- |
| WaFd Inc | 1.32bn | 228.37m | 2.40bn | 2.04k | 10.97 | 0.8876 | 18.05 | 3.22 | 2.89 | 2.89 | 9.42 | 39.63 | -- | -- | -- | -- | 0.8841 | 0.9705 | -- | -- | -- | -- | 32.59 | 32.30 | -- | -- | -- | 33.83 | -2.35 | 16.61 | 14.04 | 4.04 | -2.11 | 4.23 |
| First Bancorp (North Carolina) | 557.24m | 110.42m | 2.41bn | 1.33k | 21.76 | 1.45 | 19.30 | 6.16 | 2.66 | 2.66 | 9.42 | 39.89 | -- | -- | -- | -- | 0.895 | 0.9643 | -- | -- | -- | -- | 28.45 | 28.75 | -- | -- | -- | 31.21 | 7.32 | 18.58 | 45.64 | 6.37 | -19.25 | 4.80 |
| First Merchants Corp | 924.79m | 224.13m | 2.49bn | 2.09k | 10.13 | 0.9179 | 9.84 | 3.76 | 3.88 | 3.88 | 11.48 | 43.31 | -- | -- | -- | -- | 1.21 | 1.24 | -- | -- | -- | -- | 34.09 | 34.70 | -- | -- | -- | 35.32 | -2.45 | 15.57 | 12.33 | 8.74 | -- | 6.58 |
| CVB Financial Corp | -100.00bn | -100.00bn | 2.66bn | 1.09k | -- | 1.16 | -- | -- | -- | -- | -- | 16.93 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Banc of California Inc | 1.68bn | 189.19m | 2.75bn | 1.90k | 15.66 | 0.9345 | 10.32 | 2.46 | 1.17 | 1.17 | 6.91 | 22.78 | -- | -- | -- | -- | 0.6701 | -1.21 | -- | -- | -- | -- | 20.45 | -44.94 | -- | -- | -- | -- | -7.51 | 41.98 | 117.20 | -- | 32.54 | 10.76 |
| FB Financial Corp | 833.93m | 122.62m | 2.84bn | 1.59k | 22.79 | 1.46 | 20.27 | 5.07 | 2.41 | 2.41 | 11.18 | 37.64 | -- | -- | -- | -- | 0.8326 | 1.04 | -- | -- | -- | -- | 21.90 | 25.96 | -- | -- | -- | 21.48 | 14.94 | 21.52 | 5.68 | 14.02 | 8.32 | 16.12 |
| First Financial Bancorp | 1.00bn | 255.61m | 2.95bn | 2.20k | 10.61 | 1.00 | 10.26 | 3.28 | 2.66 | 2.66 | 9.35 | 28.11 | -- | -- | -- | -- | 1.29 | 1.32 | -- | -- | -- | -- | 28.42 | 29.76 | -- | -- | -- | 38.42 | -0.0191 | 13.80 | 11.70 | 10.41 | 4.74 | 1.27 |
| Simmons First National Corp | 1.24bn | -397.55m | 2.95bn | 2.92k | -- | 0.862 | -- | 28.57 | -2.78 | -2.78 | 0.7678 | 23.62 | -- | -- | -- | -- | -1.55 | 0.3525 | -- | -- | -- | -- | -385.10 | 13.64 | -- | -- | -- | 108.01 | -5.20 | 10.36 | -360.36 | -- | 23.51 | 4.87 |
Data as of Mar 03 2026. Currency figures normalised to First Merchants Corp's reporting currency: US Dollar USD
38.52%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| The Vanguard Group, Inc.as of 31 Dec 2025 | 5.52m | 9.54% |
| BlackRock Fund Advisorsas of 31 Dec 2025 | 4.02m | 6.95% |
| Dimensional Fund Advisors LPas of 31 Dec 2025 | 3.18m | 5.50% |
| EARNEST Partners LLCas of 31 Dec 2025 | 2.31m | 4.00% |
| SSgA Funds Management, Inc.as of 31 Dec 2025 | 1.97m | 3.42% |
| Geode Capital Management LLCas of 31 Dec 2025 | 1.43m | 2.48% |
| Capital Research & Management Co. (International Investors)as of 31 Dec 2025 | 1.35m | 2.33% |
| Victory Capital Management, Inc. (Investment Management)as of 31 Dec 2025 | 956.20k | 1.65% |
| Systematic Financial Management LPas of 31 Dec 2025 | 778.33k | 1.35% |
| William Blair Investment Management LLCas of 31 Dec 2025 | 763.90k | 1.32% |
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Data from 31 Dec 2025 - 31 Dec 2025Source: FactSet Research Systems Inc.
