FIRST MERCHANTS CORP financials

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FRME CIK 0000712534

Source: EDGAR filings · Built 2026-06-02T03:05:29Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Debt 934.90M 1.09B 938.46M 1.22B 486.72M 512.07M
Return on Equity (ROE) 9.16% 8.74% 9.96% 10.91% 10.75% 7.92%
Return on Assets (ROA) 1.19% 1.10% 1.22% 1.23% 1.33% 1.06%
Debt-to-Equity 0.41× 0.51× 0.47× 0.66× 0.34× 0.38×
Effective Tax Rate 12.78% 13.09% 13.67% 13.14% 14.64% 12.58%
Cash Conversion Ratio 1.26× 1.32× 1.16× 1.28× 1.05× 1.37×
Accruals Ratio -0.00× -0.00× -0.00× -0.00× -0.00× -0.00×

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 9.66× 11.70× 9.94× 10.79× 10.99× 13.65×
P/B 0.87× 1.00× 0.98× 1.20× 1.17× 1.08×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Income Tax Expense (Benefit) 33.11M 30.33M 35.45M 33.59M 35.26M 21.38M
Net Income (Loss) Attributable to Parent 226.00M 201.40M 223.79M 222.09M 205.53M 148.60M
Earnings Per Share, Basic $3.90 $3.42 $3.74 $3.83 $3.82 $2.75
Weighted Average Number of Shares Outstanding, Basic 57.46M 58.31M 59.30M 57.69M 53.78M 54.06M
Earnings Per Share, Diluted $3.88 $3.41 $3.73 $3.81 $3.81 $2.74
Weighted Average Number of Shares Outstanding, Diluted 57.73M 58.53M 59.49M 57.95M 53.98M 54.22M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Assets 19.03B 18.31B 18.41B 18.00B 15.45B 14.07B
Liabilities 16.56B 16.01B 16.16B 15.97B 13.54B 12.19B
Stockholders' Equity Attributable to Parent 2.47B 2.30B 2.25B 2.03B 1.91B 1.88B
Common Stock, Shares, Outstanding 56.95M 57.97M 59.42M 59.17M 53.41M 53.92M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 283.65M 266.21M 258.83M 284.29M 215.34M 203.83M
Net Cash Provided by (Used in) Investing Activities -773.82M -252.42M -344.43M -462.69M -1.48B -1.55B
Payments for Repurchase of Common Stock 46.89M 56.17M 0 0 25.44M 55.91M
Net Cash Provided by (Used in) Financing Activities 486.72M -38.82M 75.65M 133.84M 1.24B 1.36B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (FRME CIK 0000712534), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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