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

First Merchants Corporation (FRME) Return on assets

Alert me on Return on assets

First Merchants Corporation's return on assets over the twelve months to 30 September 2026 was 0.98%, down 0.2 percentage points from fiscal 2025 (1.20%). Over the past ten years it has ranged from 1.04% (fiscal 2015) to 1.65% (fiscal 2018); the current reading is higher than 55% of that period. That is below the Banks Regional industry median of 1.13% and below the Financial sector median of 1.15%.

Return on assets, annual

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Annual newest first

Period Return on assets Change (points)
FY2025 1.20% 0.11
FY2024 1.09% (0.13)
FY2023 1.22% (0.10)
FY2022 1.32% (0.07)
FY2021 1.39% 0.27
FY2020 1.12% (0.35)
FY2019 1.47% (0.18)
FY2018 1.65% 0.49
FY2017 1.16% 0.00
FY2016 1.16% 0.12

Against its own ten years

Low 1.04% High 1.65%
Ten-year median 1.20%
Current reading's percentile 55

Return on assets against peers

Company Return on assets
SYBT Stock Yards Bancorp, Inc. compare 1.60%
FBK FB Financial Corporation compare 1.40%
NBTB NBT Bancorp Inc. compare 1.34%
FBNC First Bancorp compare 1.26%
TRMK Trustmark Corporation compare 1.24%
BANR Banner Corporation compare 1.17%
BBT Beacon Financial Corporation compare 1.01%
FRME First Merchants Corporation 0.98%
BOH Bank of Hawaii Corporation compare 0.94%
Banks Regional industry median 1.13%
Financial sector median 1.15%
Market median 0.00%

What Return on assets is

ROA tells an investor how much profit a company earns for shareholders from the assets it uses to run its business.

Annual: Net Income Allotted to Shareholders ÷ Average Assets; TTM: Net Income Allotted to Shareholders ÷ Average Assets (latest quarter)

The full definition of Return on assets →

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