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Hybrid debt at other companies

PNC Financial Services logo
PNC Financial ServicesPNC
$2.73B-23.7%
Customers Bancorp logo
Customers BancorpCUBI
$99.24M+0.1%
Enterprise Financial Services logo
Enterprise Financial ServicesEFSC
$319.35M+24.9%

Other financials

Income statement

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Revenue$157.1M-2.0%
Net income$28.2M-49.1%
EPS (diluted)$0.45-52.1%

Balance sheet

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Cash & equivalents$98.1M+13.9%
Total debt$1.6B+22.5%
Total equity$2.7B+14.6%
Total assets$21.1B+14.3%

Cash flow

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Operating cash flow$58.6M-5.0%

Valuation

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Market cap$2.64B+3.7%
Enterprise value$4.19B+10.4%
P/E13.3×+1.1×
P/S+0.1×

Profitability

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Net margin30.1%-1.8pp

Returns & leverage

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Return on equity7.9%-1.2pp
Debt / equity0.6×0.0×

Where this comes from

Reported directly by First Merchants Corporation in its filing.

Tagged under the XBRL concept us-gaap:OtherBorrowings.

The official record: First Merchants Corporation’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Merchants Corporation's hybrid debt?
First Merchants Corporation (FRME) reported hybrid debt of $86.35M in Q1 2026.
How has First Merchants Corporation's hybrid debt changed year-over-year?
First Merchants Corporation's hybrid debt increased by 37.9% year-over-year, from $62.62M to $86.35M.
What is the long-term trend for First Merchants Corporation's hybrid debt?
Over 5 years (2020 to 2025), First Merchants Corporation's hybrid debt has grown at a -13.4% compound annual growth rate (CAGR), from $118.38M to $57.63M.
What does hybrid debt mean?
This encompasses various forms of long-term debt, including subordinated debt or hybrid capital instruments, used to support the bank's capital structure and growth initiatives. These instruments often count toward regulatory capital requirements and provide a buffer for the institution's financial health. Investors analyze these to evaluate the bank's leverage profile and long-term financing strategy.