What are First Merchants Corporation's total assets?

First Merchants Corporation (FRME) holds $21.1B in total assets, up 14.3% year over year.

How much debt does First Merchants Corporation have?

First Merchants Corporation carries $1.6B in total debt against $2.7B of shareholders' equity, a debt-to-equity ratio of 0.62.

How much cash does First Merchants Corporation have?

First Merchants Corporation holds $98.1M in cash and equivalents.

Where does First Merchants Corporation's balance sheet data come from?

Every line is extracted from First Merchants Corporation's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

First Merchants Corporation FRME Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Cash and cash equivalents	$84.16M-3.9%	$87.62M-22.2%	$112.65M-8.1%	$122.59M-26.7%
Loans held for sale	$20.08M+7.6%	$18.66M-1.4%	$18.93M+108%	$9.09M-18.7%
Property and equipment, net	$121.06M-6.7%	$129.74M-3.1%	$133.9M+14.3%	$117.12M+10.8%
Accumulated depreciation	$109.49M—	——	——	$87.44M+10.5%
Goodwill	$712M0.0%	$712M0.0%	$712M0.0%	$712M+30.6%
Intangible assets, net	$13.8M-30.4%	$19.83M-26.8%	$27.1M-24.4%	$35.84M+40.7%
Deferred tax assets	$78.66M-14.9%	$92.39M-7.5%	$99.88M-10.2%	$111.22M+212%
Other non-current assets	$374.57M-3.3%	$387.17M+20.1%	$322.32M+12.9%	$285.52M+104%
Available-for-sale securities	$832.64M-39.9%	$1.39B-14.8%	$1.63B-17.7%	$1.98B-15.7%
Held-to-maturity securities	$1.97B-5.0%	$2.07B-5.0%	$2.18B-4.5%	$2.29B+4.9%
Total investments	$47.25M+13.3%	$41.69M-0.2%	$41.77M+8.4%	$38.53M+34.1%
Gross loans	$13.79B+7.3%	$12.85B+2.9%	$12.49B+4.0%	$12B+29.9%
Allowance for credit losses	$195.6M+1.5%	$192.76M-5.9%	$204.93M-8.2%	$223.28M+14.3%
Total assets	$19.03B+3.9%	$18.31B-0.5%	$18.41B+2.2%	$18B+16.5%
Accrued interest	$18.24M+13.2%	$16.1M-14.9%	$18.91M+151%	$7.53M+173%
Deposits	$15.29B+5.3%	$14.52B-2.0%	$14.82B+3.1%	$14.38B+13.0%
Noninterest-bearing deposits	$2.14B-8.1%	$2.33B-7.0%	$2.5B-21.2%	$3.17B+17.1%
Derivative liabilities	——	——	——	——
Securities loaned	$103.75M-27.4%	$142.87M-9.2%	$157.27M-6.1%	$167.4M—
Federal funds purchased and securities sold under repurchase agreements	$119.8M-16.2%	$142.88M-9.2%	$157.28M-6.1%	$167.41M-7.8%
Long-term debt	$999.93M-13.7%	$1.16B+12.6%	$1.03B-21.7%	$1.31B+107%
Other non-current liabilities	$245.41M-21.1%	$311.07M+7.6%	$289.03M+9.8%	$263.21M+53.9%
Total liabilities	$16.56B+3.4%	$16.01B-0.9%	$16.16B+1.2%	$15.97B+17.9%
Common stock	100M+1,280%	7.2M-2.4%	7.4M+0.4%	7.4M+10.8%
Additional paid-in capital	$1.15B-3.2%	$1.19B-3.9%	$1.24B+0.6%	$1.23B+24.6%
Retained earnings	$1.41B+11.1%	$1.27B+10.2%	$1.15B+14.0%	$1.01B+17.1%
Accumulated other comprehensive income (loss)	-$130.14M+31.0%	-$188.69M-7.2%	-$175.97M+26.4%	-$239.15M-534%
Total stockholders' equity	$2.47B+7.0%	$2.3B+2.5%	$2.25B+10.5%	$2.03B+6.4%
Total liabilities and stockholders' equity	$19.03B+3.9%	$18.31B-0.5%	$18.41B+2.2%	$18B+16.5%
Available-for-Sale Debt Securities - Amortized Cost (Due Within One Year)	$0-100%	$1.8M+29.5%	$1.39M-50.7%	$2.82M-59.4%
Available-for-Sale Debt Securities - Amortized Cost (<1 Year)	$0-100%	$1.8M+29.5%	$1.39M-50.7%	$2.82M-59.4%
Available-for-Sale Debt Securities - Fair Value by Maturity	$987.59M+3.4%	$954.85M-18.5%	$1.17B-20.2%	$1.47B-12.4%
Available-for-Sale Debt Securities - Fair Value (Maturing Within 1 Year)	$0-100%	$1.8M+29.9%	$1.38M-50.8%	$2.81M-59.7%
Available-for-Sale Debt Securities - Single Maturity Date	$987.59M+3.4%	$954.85M-18.5%	$1.17B-20.2%	$1.47B-12.4%
Available-for-Sale Debt Securities - Unrealized Loss Position (>=12 Months)	$1.26B+2.2%	$1.23B-17.6%	$1.49B+207%	$487.13M+5,417%
AFS and Trading Securities - Unrealized Loss Position (>=12 Months)	$1.26B+2.2%	$1.23B-17.6%	$1.49B+207%	$487.13M+5,417%
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value	$10.35M-91.6%	$123.12M+83.7%	$67.01M-95.3%	$1.42B+124%
Available-for-Sale Debt Securities - Unrealized Loss Position (<12 Months)	$10.35M-91.6%	$123.12M+83.7%	$67.01M-95.3%	$1.42B+124%
Available-for-Sale Debt Securities - Unrealized Loss Position	$168.75M-29.4%	$238.85M+8.3%	$220.55M-25.8%	$297.13M+2,078%
AFS and Trading Securities - Unrealized Loss Position (>=12 Months) Fair Value	$1.26B+2.2%	$1.23B-17.6%	$1.49B+207%	$487.13M+5,417%
AFS and Trading Securities - Unrealized Loss Position Fair Value	$1.27B-6.3%	$1.35B-13.3%	$1.56B-18.3%	$1.91B+196%
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value	$10.35M-91.6%	$123.12M+83.7%	$67.01M-95.3%	$1.42B+124%
Cash, Cash Equivalents, and Marketable Securities	$1.27B-6.3%	$1.35B-13.3%	$1.56B-18.3%	$1.91B+196%
Debt Securities Amortized Cost	$1.57B-3.1%	$1.62B-12.0%	$1.85B-18.8%	$2.27B+0.2%
Interest-bearing deposits in banks and other financial institutions	$196.3M-34.3%	$298.89M-31.5%	$436.08M+246%	$126.06M-73.4%
Impaired Financing Receivable with No Related Allowance - Unpaid Principal Balance	$27.84M-29.8%	$39.64M+176%	$14.37M+238%	$4.25M-53.2%
Loans 90+ Days Past Due	$2.04M-65.4%	$5.9M+3,331%	$172K-90.1%	$1.74M+80.4%
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)	——	——	——	——
Finite Lived Intangible Assets - Gross	$123.29M—	——	——	$104.64M+2.2%
Held-to-Maturity Debt Securities - Fair Value	$1.72B-0.3%	$1.72B-7.9%	$1.87B-2.0%	$1.91B-13.4%
Cash and Due from Banks	$84.16M-3.9%	$87.62M-22.2%	$112.65M-8.1%	$122.59M-26.7%
Deferred tax assets	$78.66M-14.9%	$92.39M-7.5%	$99.88M-10.2%	$111.22M+212%
Private debt held-for-investment, at amortized cost, net of valuation allowance – $3 and $4	$13.6B+7.4%	$12.66B+3.1%	$12.28B+4.2%	$11.78B+30.2%
Intangible assets — net	$13.8M—	——	——	$35.84M+40.7%
Other intangible assets—net	$13.8M-30.4%	$19.83M-26.8%	$27.1M-24.4%	$35.84M+40.7%
Interest-Bearing Deposits in Banks and Other Financial Institutions	$196.3M-34.3%	$298.89M-31.5%	$436.08M+246%	$126.06M-73.4%
Other Assets	$374.57M-3.3%	$387.17M+20.1%	$322.32M+12.9%	$285.52M+104%
Investment - Proportional Amortization Method	$178.38M+6.4%	$167.69M+46.4%	$114.51M—	——
Derivative Liabilities - Fair Value	——	——	$79.01M-14.8%	$92.77M—
Net Cash Collateral Posted - Derivative Instruments	——	——	——	——
Repurchase Agreements - Gross	$103.76M-27.4%	$142.88M-9.2%	$157.28M-6.1%	$167.41M-7.8%
Debt Instrument Face Amount	——	——	——	——
Federal Home Loan Bank Borrowings	$798.55M-2.9%	$822.55M+15.4%	$712.85M-13.5%	$823.67M+147%
Interest-Bearing Deposit Liabilities	$13.16B+7.9%	$12.2B-1.0%	$12.32B+9.9%	$11.21B+11.8%
Hybrid debt	$57.63M-38.4%	$93.53M-41.0%	$158.64M+4.9%	$151.3M+27.6%
Total debt	$1.02B-13.8%	$1.18B+12.5%	$1.05B-21.5%	$1.34B+105%
AFS and Trading Securities - Unrealized Loss Position (>=12 Months) Accumulated Loss	$168.73M-28.2%	$235.08M+7.1%	$219.45M+76.6%	$124.3M+30,897%
Common Stock Par Value Per Share	$0.130.0%	$0.130.0%	$0.130.0%	$0.130.0%
Common Stock Shares Issued	57M-1.8%	58M-2.4%	59.4M+0.4%	59.2M+10.8%
Common Stock Shares Outstanding	——	——	——	——
Cumulative Gross Losses and Impairments	$254.37M-27.6%	$351.24M+11.2%	$315.75M-16.9%	$380.15M+2,381%
Cumulative Gross Unrealized Gains	$868K+190%	$299K-81.6%	$1.63M+151%	$647K-98.3%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$7.12M-1.8%	$7.25M-2.4%	$7.43M+0.4%	$7.4M+10.8%
Investments - Gross Unrealized Losses	$1.27B-6.3%	$1.35B-13.3%	$1.56B-18.3%	$1.91B+196%
Number of Exercisable Options	——	——	——	——
Number of Vested and Expected to Vest Options	——	——	——	——
Share-Based Payment Award Options Outstanding - Number	19.5K-52.4%	41K-54.5%	90.1K-41.9%	155.1K+444%
Unrealized Gains on Investments	$1.83M+333%	$422K-48.9%	$826K+88.2%	$439K-99.5%
Unrealized Losses on Investments (Before Tax)	$168.75M-29.4%	$238.85M+8.3%	$220.55M-25.8%	$297.13M+2,078%
Weighted Average Exercise Price of Outstanding Options	$23.86+6.3%	$22.44+11.0%	$20.21+7.0%	$18.89+10.2%
Weighted Average Exercise Price of Vested and Expected to Vest Options	——	——	——	——
Nonperforming Loans and Leases Percentage	$27.84M-29.8%	$39.64M+176%	$14.37M+238%	$4.25M-53.2%
Components	693-8.8%	760-12.1%	865-25.0%	1.2K+617%
Gross Assets/Liabilities	$119.8M-30.8%	$173M+119%	$79.01M-14.8%	$92.77M-47.0%
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	$168.75M-29.4%	$238.85M+8.3%	$220.55M-25.8%	$297.13M+2,078%
Gross Unrealized Gains	$1.83M+333%	$422K-48.9%	$826K+88.2%	$439K-99.5%
1 Year or Less	$0-100%	$1.8M+29.9%	$1.38M-50.8%	$2.81M-59.7%
After 5 Years through 10 Years	$227.49M+50.2%	$151.47M+25.8%	$120.39M-25.3%	$161.21M+27.1%
After 10 Years	$743.52M-5.9%	$789.73M-23.1%	$1.03B-20.6%	$1.29B-15.9%
After 1 Year through 5 Years	$16.58M+39.8%	$11.86M-49.3%	$23.37M+107%	$11.27M+112%
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Amortized Cost	$1.09B-1.2%	$1.1B-15.4%	$1.31B-21.6%	$1.66B+4.2%
Cash surrender value of life insurance policies	$308.44M+1.2%	$304.91M-0.5%	$306.3M-0.7%	$308.31M+5.9%
Collateral already posted, aggregate fair value	——	——	——	——
Common stock, par value (in dollars per share)	$0.130.0%	$0.130.0%	$0.130.0%	$0.130.0%
Common stock, shares authorized (in shares)	$100M0.0%	$100M0.0%	$100M0.0%	$100M0.0%
Common stock, shares issued (in shares)	$56.95M-1.8%	$57.97M-2.4%	$59.42M+0.4%	$59.17M+10.8%
Common Stock, Shares, Outstanding	$56.95M-1.8%	$57.97M-2.4%	$59.42M+0.4%	$59.17M+10.8%
Debt issuances	——	——	——	——
Unused borrowing capacity	——	——	——	——
Cost or Amortized Cost	$1.57B-3.1%	$1.62B-12.0%	$1.85B-18.8%	$2.27B+0.2%
Accrued interest on investment securities	$21.9M-2.7%	$22.5M-10.7%	$25.2M-14.6%	$29.5M+10.1%
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$168.73M-28.2%	$235.08M+7.1%	$219.45M+76.6%	$124.3M+30,897%
Less than 12 months	$10.35M-91.6%	$123.12M+83.7%	$67.01M-95.3%	$1.42B+124%
12 months or more	$1.26B+2.2%	$1.23B-17.6%	$1.49B+207%	$487.13M+5,417%
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$21K-99.4%	$3.78M+243%	$1.1M-99.4%	$172.83M+1,205%
Estimated Fair Value	$1.41B+1.5%	$1.39B-14.8%	$1.63B-17.7%	$1.98B-15.7%
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	$168.75M-29.4%	$238.85M+8.3%	$220.55M-25.8%	$297.13M+2,078%
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	$693-8.8%	$760-12.1%	$865-25.0%	$1.15K+617%
Debt Securities, Available-for-Sale, Unrealized Loss Position	$1.27B-6.3%	$1.35B-13.3%	$1.56B-18.3%	$1.91B+196%
Debt securities, held-to-maturity, allowance for credit loss (less than)	$245K0.0%	$245K0.0%	$245K0.0%	$245K0.0%
Held-to-maturity securities, fair value	$1.97B-4.9%	$2.07B-5.0%	$2.18B-4.5%	$2.29B+4.9%
Derivative, Net Liability Position, Aggregate Fair Value	——	——	——	——
Federal funds purchased	$40M-59.7%	$99.23M—	$0-100%	$171.56M—
FHLB funding agreements	$40M—	——	——	$171.56M—
Federal Home Loan Bank Borrowings Fair Value Disclosure	$803.4M-1.6%	$816.79M+15.5%	$707.38M+15.0%	$615.21M—
Federal Home Loan Bank stock, at cost	$47.25M+13.3%	$41.69M-0.2%	$41.77M+8.4%	$38.53M+34.1%
Prior	$1.79B+57.5%	$1.14B+27.8%	$892.02M+7.7%	$828.16M+36.7%
Converted to term loans – Amortized cost	$3.74M-73.9%	$14.37M+98.9%	$7.22M-44.0%	$12.9M+4,644%
Amortized cost	$2.73B+11.4%	$2.45B+13.1%	$2.16B+3.9%	$2.08B+25.2%
Year one	$3.33B+16.0%	$2.87B0.0%	$2.87B-17.6%	$3.48B+15.2%
Year four	$1.47B-6.6%	$1.57B+11.2%	$1.41B+106%	$686.07M+90.8%
Year five	$1.27B+11.5%	$1.14B+116%	$529.69M+37.4%	$385.46M+9.1%
Year two	$1.93B+11.0%	$1.73B-31.9%	$2.55B-5.0%	$2.68B+9.1%
Year three	$1.27B-34.4%	$1.94B-6.1%	$2.06B+12.0%	$1.84B+137%
With an allowance	$2.04M-65.4%	$5.9M+3,331%	$172K-90.1%	$1.74M+80.4%
Financing receivable, unamortized purchase discount	——	——	——	——
After 2030	——	——	——	——
Finite-Lived Intangible Assets, Accumulated Amortization	$109.49M—	——	——	$87.44M+10.5%
2028	——	——	——	——
2030	——	——	——	——
Remainder of 2026	——	——	——	——
2027	——	——	——	——
2029	——	——	——	——
Gross Carrying Amount	$123.29M—	——	——	$104.64M+2.2%
Debt Securities, Held-to-Maturity, Accumulated Unrecognized Loss	$254.37M-27.6%	$351.24M+11.2%	$315.75M-16.9%	$380.15M+2,381%
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain	$868K+190%	$299K-81.6%	$1.63M+151%	$647K-98.3%
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date	$1.39B-2.7%	$1.43B-2.8%	$1.47B-2.4%	$1.51B+5.7%
Debt Securities, Held-to-Maturity, Maturity, Allocated and Single Maturity Date, Fair Value	$1.21B+2.2%	$1.18B-6.0%	$1.26B+1.1%	$1.25B-14.1%
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Amortized Cost	$7.01M+33.1%	$5.27M+73.2%	$3.04M-77.8%	$13.7M+96.5%
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Amortized Cost	$118.91M-4.1%	$124M+4.6%	$118.59M+47.0%	$80.7M+167%
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Amortized Cost	$228.22M+30.8%	$174.53M+28.5%	$135.81M-7.7%	$147.08M-17.0%
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Amortized Cost	$1.04B-7.9%	$1.13B-7.2%	$1.22B-4.1%	$1.27B+4.4%
Interest-bearing deposits	$196.3M-34.3%	$298.89M-31.5%	$436.08M+246%	$126.06M—
Interest payable	$18.24M+13.2%	$16.1M-14.9%	$18.91M+151%	$7.53M—
Interest receivable	$93.37M+1.7%	$91.83M-6.0%	$97.66M+14.8%	$85.07M—
Investment In Federal Home Loan Bank Stock Fair Value Disclosure	$47.25M+13.3%	$41.69M-0.2%	$41.77M+8.4%	$38.53M—
Loans Receivable Fair Value Disclosure	$13.5B+8.5%	$12.44B+4.0%	$11.96B+7.2%	$11.16B—
Off-Balance-Sheet, Credit Loss, Liability	$18M0.0%	$18M-7.7%	$19.5M-16.3%	$23.3M+13.7%
Other liabilities	$53.98M-35.8%	$84.11M-43.9%	$150M+22.8%	$122.1M—
Fair value of securities sold under agreement to repurchase	$103.75M-27.4%	$142.87M-9.2%	$157.27M-6.1%	$167.4M—
Carrying value of securities pledged as collateral	$3.3B0.0%	$3.3B+83.3%	$1.8B+91.2%	$941.3M+7.8%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	——	——	——	——
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	$19.52K-52.4%	$40.99K-54.5%	$90.08K-41.9%	$155.1K+444%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	——	——	——	——
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$23.86+6.3%	$22.44+11.0%	$20.21+7.0%	$18.89+10.2%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value	——	——	——	——
Remainder of Fiscal Year 2024	——	——	——	——
Remainder of Fiscal Year 2025	——	——	——	——
Unfunded Affordable Housing Project Commitments	$109.21M-17.4%	$132.23M+37.2%	$96.41M—	——
Unfunded Equity Investment Commitments	$109.21M-17.4%	$132.23M+37.2%	$96.41M—	——

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What are First Merchants Corporation's total assets?: First Merchants Corporation (FRME) holds $21.1B in total assets, up 14.3% year over year.
How much debt does First Merchants Corporation have?: First Merchants Corporation carries $1.6B in total debt against $2.7B of shareholders' equity, a debt-to-equity ratio of 0.62.
How much cash does First Merchants Corporation have?: First Merchants Corporation holds $98.1M in cash and equivalents.
Where does First Merchants Corporation's balance sheet data come from?: Every line is extracted from First Merchants Corporation's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.