Where do First Merchants Corporation's ratios come from?

Every ratio is computed from First Merchants Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Net margin	30.1%-1.8pp	34.1%+2.9pp	34.9%+6.3pp	34.3%+4.7pp	32%-0.7pp
Returns
Return on equity	7.9%-1.2pp	9.5%+0.6pp	9.9%+1.7pp	9.9%+1.3pp	9.2%-0.4pp
Efficiency
Asset turnover	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Leverage
Debt-to-equity	0.6×0.0×	0.4×-0.1×	0.5×0.0×	0.5×0.0×	0.6×+0.2×
Per Share
Book value per share	$43.81+9.4%	$42.73+8.5%	$41.99+6.3%	$40.64+7.1%	$40.04+6.7%
Valuation
Market capitalization	$2.46B+3.7%	$2.17B-7.4%	$2.18B+0.1%	$2.17B+11.4%	$2.37B+14.4%
Price / earnings	12.3×+1.0×	9.6×-2.0×	9.3×-2.8×	9.6×-0.8×	11.3×+1.4×
Price / sales	3.7×+0.1×	3.3×-0.3×	3.3×-0.2×	3.3×+0.2×	3.6×+0.4×
Price / book	0.9×-0.1×	0.9×-0.1×	0.9×0.0×	0.9×0.0×	1×+0.1×
Dividend yield	3.5%0.0pp	3.8%+0.3pp	3.8%0.0pp	3.8%-0.4pp	3.5%-0.5pp

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Where do First Merchants Corporation's ratios come from?: Every ratio is computed from First Merchants Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.