FRME - NASDAQ

First Merchants Corporation

FRME·NASDAQ

$38.90

-1.6%

Financial ServicesBanks - Regional

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$2.45B

EPS3.9000

P/E Ratio9.97

Earnings Date07/22/2026

19.03B

Assets

3Y+6.0%

5Y+35.0%

10Y+164.0%

16.56B

Total Liabilities

3Y+4.0%

5Y+36.0%

10Y+162.0%

2.47B

Total Equity

3Y+21.0%

5Y+32.0%

10Y+174.0%

First Merchants Corporation Funding & Solvency Profile

FRME · NASDAQ

Current Assets

Cash & Cash Equivalents84.16M

Net Receivables93.37M

Inventory0.00

Other Current Assets0.00

Total Current Assets2 B

Non-Current Assets

Property, Plant & Equipment121.06M

Goodwill & Intangible Assets725.80M

Long-Term Investments0.00

Other Non-Current Assets78.66M

Total Non-Current Assets200 M

Total Assets

19.03B

Financial Health Analysis

Current Ratio

0.20x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

6.71x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-6347829000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

8% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

First Merchants Corporation Balance Sheet

FRME • NASDAQ

First Merchants Corporation Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	84.2M	386.5M	548.7M	248.7M	641.3M	585.2M	295.5M	176.2M	189.9M	152.4M	134.5M	166.1M	164.5M	139.9M	126.2M	116.1M	150.8M	123.1M	159.6M	101.2M
Short-Term Investments	1.4B	1.4B	1.6B	2B	2.3B	1.9B	1.8B	1.1B	999.9M	696.9M	658.4M	549.5M	536.2M	513.3M	518.5M	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	1.5B	1.8B	2.2B	2.2B	3B	2.5B	2.1B	1.3B	1.2B	849.2M	792.9M	715.7M	700.7M	653.2M	644.7M	116.1M	150.8M	123.1M	159.6M	101.2M
Net Receivables	93.4M	91.8M	97.7M	85.1M	57.2M	53.9M	48.9M	40.9M	39.7M	26.5M	25M	21.1M	20.2M	19M	21.3M	18.7M	20.8M	24M	23.4M	24.3M
Accounts Receivables	93.4M	91.8M	97.7M	85.1M	57.2M	53.9M	48.9M	40.9M	37.1M	26.2M	24.4M	20M	18.7M	16.4M	17.7M	18.7M	20.8M	24M	23.4M	24.3M
Other Receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2.5M	311K	588K	1.1M	1.5M	2.6M	3.6M	0.0	0.0	0.0	0.0	0.0
Total Current Assets	1.6B	1.9B	2.3B	2.3B	3B	2.6B	2.1B	1.4B	1.2B	875.8M	817.9M	736.8M	720.9M	672.2M	665.9M	134.7M	171.6M	147M	183M	125.6M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	121.1M	129.7M	133.9M	117.1M	105.7M	111.1M	113.1M	93.4M	95.9M	94.4M	97.6M	77.7M	74.5M	52.7M	51M	52.5M	55.8M	59.6M	44.4M	42.4M
Goodwill	712M	712M	712M	712M	545.4M	543.9M	543.9M	445.4M	445.4M	244M	243.1M	202.7M	188.9M	141.4M	141.4M	141.4M	141.4M	143.5M	0.0	0.0
Intangible Assets	13.8M	19.8M	27.1M	35.8M	25.5M	29M	35M	24.4M	31.1M	14.9M	16.6M	16M	13.8M	8.2M	9.1M	12.7M	17.4M	22.5M	23.4M	24.3M
Goodwill & Intangible Assets	725.8M	731.8M	739.1M	747.8M	570.9M	572.9M	578.9M	469.8M	476.5M	258.9M	259.8M	218.8M	202.8M	149.5M	150.5M	154M	158.7M	166M	135.9M	138.6M
Long-Term Investments	0.0	14.8B	14.5B	14.1B	11.2B	10.3B	9.2B	7.6B	7.2B	5.7B	5.3B	4.5B	4.1B	3.2B	3.1B	3.6B	3.7B	4.2B	3.3B	3.1B
Tax Assets	0.0	92.4M	99.9M	111.2M	35.6M	12.3M	12.2M	23.7M	24M	39.4M	47M	42M	56.6M	30.9M	36.4M	45.6M	64.4M	26.7M	0.0	0.0
Other Non-Current Assets	78.7M	738.7M	675.2M	638.8M	460.5M	468.5M	424.7M	299.5M	300.1M	259.3M	279.5M	250.8M	254.8M	185.9M	184.5M	183.1M	281.6M	226.1M	115.3M	111.6M
Total Non-Current Assets	925.5M	16.4B	16.1B	15.7B	12.4B	11.5B	10.3B	8.5B	8.1B	6.3B	5.9B	5.1B	4.7B	3.6B	3.5B	4B	4.3B	4.6B	3.6B	3.4B
Other Assets	16.5B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Assets	19B	18.3B	18.4B	17.9B	15.5B	14.1B	12.5B	9.9B	9.4B	7.2B	6.8B	5.8B	5.4B	4.3B	4.2B	4.2B	4.5B	4.8B	3.8B	3.6B
LIABILITIES
CURRENT LIABILITIES
Total Payables	0.0	16.1M	18.9M	7.5M	2.8M	3.3M	6.8M	5.6M	4.4M	3.1M	3.1M	3.2M	1.8M	1.8M	2.9M	4.3M	5.7M	8.8M	8.3M	9.3M
Accounts Payable	0.0	16.1M	18.9M	7.5M	2.8M	3.3M	6.8M	5.6M	4.4M	3.1M	3.1M	3.2M	1.8M	1.8M	2.9M	4.3M	5.7M	8.8M	8.3M	9.3M
Short Term Debt	143.8M	242.1M	157.3M	339M	181.6M	177.1M	242.9M	217.5M	280.7M	266.8M	205M	139.9M	274.3M	160.7M	156.3M	109.9M	125.7M	122.3M	0.0	98.9M
Other Current Liabilities	7.8B	14.5B	14.8B	14.4B	12.7B	11.4B	9.8B	7.8B	7.2B	5.6B	5.3B	4.6B	4.2B	3.3B	3.1B	3.3B	3.5B	3.7B	2.8B	2.8B
Total Current Liabilities	7.9B	14.8B	15B	14.7B	12.9B	11.5B	10.1B	8B	7.5B	5.8B	5.5B	4.8B	4.5B	3.5B	3.3B	3.4B	3.7B	3.8B	2.9B	2.9B
NON-CURRENT LIABILITIES
Long Term Debt	856.2M	916.1M	871.5M	975M	452.7M	507.8M	489.8M	453.4M	553.7M	427.4M	363.5M	272.1M	248.9M	206.4M	333.1M	309.1M	324.5M	496M	568.8M	341.9M
Other Non-Current Liabilities	7.8B	311.1M	289M	263.2M	171M	141.8M	91.4M	45.3M	52.7M	56.1M	49.2M	41.4M	45.8M	37.3M	31.7M	24.3M	24.7M	42.2M	20.9M	26.9M
Total Non-Current Liabilities	8.6B	1.2B	1.2B	1.2B	623.7M	649.6M	581.2M	498.7M	606.4M	483.5M	412.7M	313.5M	294.8M	243.7M	364.7M	333.4M	349.2M	538.3M	589.7M	368.8M
Capital Lease Obligations	0.0	0.0	0.0	0.0	0.0	0.0	18M	25.1M	28.5M	12.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	16.6B	16B	16.2B	15.9B	13.5B	12.2B	10.7B	8.5B	8.1B	6.3B	5.9B	5.1B	4.8B	3.8B	3.7B	3.7B	4B	4.4B	3.4B	3.2B
SHAREHOLDERS' EQUITY
Preferred Stock	25.1M	25.1M	25.1M	25.1M	125K	125K	125K	125K	125K	125K	125K	125K	125K	90.9M	90.9M	68M	112.5M	125K	0.0	0.0
Common Stock	7.1M	7.2M	7.4M	7.4M	6.7M	6.7M	6.9M	6.2M	6.1M	5.1M	5.1M	4.7M	4.5M	3.6M	3.6M	3.2M	2.7M	2.6M	2.3M	2.3M
Additional Paid-In Capital	1.2B	1.2B	1.2B	1.2B	985.8M	1B	1.1B	840.1M	834.9M	509M	504.5M	431.2M	393.8M	256.8M	254.9M	232.5M	206.6M	202.3M	137.8M	146.5M
Retained Earnings	1.4B	1.3B	1.2B	1B	864.8M	788.6M	696.5M	583.3M	465.2M	401M	342.1M	292.4M	242.9M	206.4M	168.7M	160.9M	150.9M	206.5M	202.8M	188M
Accumulated Other Comprehensive Income/Loss	-130.1M	-188.7M	-176M	-239.2M	55.1M	74.8M	27.9M	-21.4M	-2.9M	-13.6M	-1.4M	-1.6M	-6.4M	-5.5M	-3.6M	-10.2M	-8.8M	-15.7M	-2.9M	-9.4M
Total Stockholders' Equity	2.5B	2.3B	2.2B	2B	1.9B	1.9B	1.8B	1.4B	1.3B	901.7M	850.5M	726.8M	634.9M	552.2M	514.5M	454.4M	463.8M	395.9M	339.9M	327.3M
Total Equity	2.5B	2.3B	2.2B	2B	1.9B	1.9B	1.8B	1.4B	1.3B	901.7M	850.5M	726.8M	634.9M	552.2M	514.5M	454.4M	463.8M	395.9M	339.9M	327.3M
SUMMARY
Total Liabilities & Equity	19B	18.3B	18.4B	17.9B	15.5B	14.1B	12.5B	9.9B	9.4B	7.2B	6.8B	5.8B	5.4B	4.3B	4.2B	4.2B	4.5B	4.8B	3.8B	3.6B
Total Investments	1.4B	16.1B	16.1B	16.1B	13.6B	12.3B	11B	8.8B	8.2B	6.4B	5.9B	5B	4.7B	3.7B	3.6B	3.6B	3.7B	4.2B	3.3B	3.1B
Total Debt	999.9M	1.2B	1B	1.3B	634.3M	684.9M	732.7M	671M	834.4M	694.2M	568.5M	412M	523.3M	367.1M	489.4M	419M	450.2M	618.4M	568.8M	440.8M
Net Debt	915.8M	771.7M	480M	1.1B	-7.1M	99.7M	437.2M	494.8M	644.5M	541.8M	434.1M	245.9M	358.8M	227.2M	363.2M	302.9M	299.4M	495.3M	409.2M	339.5M
Shares Outstanding	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357	57,664,357

SEC Filings

FRME - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 20, 2026	May 19, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 19, 2026	May 19, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 19, 2026	May 19, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 01, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 22, 2026	April 22, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 16, 2026	April 16, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 03, 2026	May 19, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 25, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 10, 2026	February 10, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 09, 2026	February 09, 2026	2026	View Filing

Showing 1 to 10 of 705 filings

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