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Friday 6 November 2026 Export FRME’s income statement to Excel — free account

First Merchants Corporation

FRME Financial Banks Regional

First Merchants Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, down 2.04% from fiscal 2024.

Revenue
+12.9%
EPS
+11.2%
Free cash flow
−10.5%
Total debt
+27.1%

Quarter to September 2026, against a year earlier

41.09 0.80 −1.91%
Market cap
$2.6B
P/E
12.7×
Fwd P/E
12.5×
Dividend yield
3.55%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

First Merchants Corporation (FRME) Current ratio

Alert me on Current ratio

First Merchants Corporation's current ratio at the end of the quarter to 30 September 2026 was 0.9×, up 0.0× from fiscal 2025 (0.9×). Over the past ten years it has ranged from 0.8× (fiscal 2021) to 0.9× (fiscal 2017); the current reading is higher than 82% of that period. That is in line with the Banks Regional industry median of 0.9× and in line with the Financial sector median of 1.0×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 0.9× 1.66%
FY2024 0.9× 3.14%
FY2023 0.9× 4.87%
FY2022 0.8× 8.98%
FY2021 0.8× (10.64%)
FY2020 0.8× (2.35%)
FY2019 0.9× (6.26%)
FY2018 0.9× (0.36%)
FY2017 0.9× 2.74%
FY2016 0.9× 3.30%

Quarterly newest first

Period Current ratio Change
Sep 2026 0.9× (2.01%)
Jun 2026 1.0× 1.00%
Mar 2026 0.9× 4.28%
Dec 2025 0.9× 0.00%
43 more quarters

Against its own ten years

Low 0.8× High 0.9×
Ten-year median 0.9×
Current reading's percentile 82

Current ratio against peers

Company Current ratio
SYBT Stock Yards Bancorp, Inc. compare 1.0×
BBT Beacon Financial Corporation compare 1.0×
FBK FB Financial Corporation compare 0.9×
FRME First Merchants Corporation 0.9×
TRMK Trustmark Corporation compare 0.9×
NBTB NBT Bancorp Inc. compare 0.9×
BANR Banner Corporation compare 0.9×
FBNC First Bancorp compare 0.9×
BOH Bank of Hawaii Corporation compare 0.7×
Banks Regional industry median 0.9×
Financial sector median 1.0×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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