First Merchants Debt to Equity Ratio 2012-2026 | FRME
Current and historical debt to equity ratio values for First Merchants (FRME) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. First Merchants debt/equity for the three months ending March 31, 2026 was 0.35.
| First Merchants Debt/Equity Ratio Historical Data | |||
|---|---|---|---|
| Date | Long Term Debt | Shareholder's Equity | Debt to Equity Ratio |
| 2026-03-31 | $18.40B | $2.67B | 6.89 |
| 2025-12-31 | $16.56B | $2.47B | 6.71 |
| 2025-09-30 | $16.40B | $2.41B | 6.80 |
| 2025-06-30 | $16.25B | $2.35B | 6.92 |
| 2025-03-31 | $16.11B | $2.33B | 6.91 |
| 2024-12-31 | $16.01B | $2.31B | 6.95 |
| 2024-09-30 | $16.05B | $2.30B | 6.97 |
| 2024-06-30 | $16.09B | $2.21B | 7.27 |
| 2024-03-31 | $16.09B | $2.23B | 7.23 |
| 2023-12-31 | $16.16B | $2.25B | 7.19 |
| 2023-09-30 | $15.90B | $2.09B | 7.60 |
| 2023-06-30 | $15.82B | $2.15B | 7.38 |
| 2023-03-31 | $16.06B | $2.12B | 7.57 |
| 2022-12-31 | $15.97B | $2.04B | 7.85 |
| 2022-09-30 | $15.81B | $1.91B | 8.29 |
| 2022-06-30 | $15.80B | $1.98B | 7.99 |
| 2022-03-31 | $13.66B | $1.81B | 7.56 |
| 2021-12-31 | $13.54B | $1.91B | 7.08 |
| 2021-09-30 | $13.19B | $1.87B | 7.06 |
| 2021-06-30 | $13.05B | $1.87B | 6.97 |
| 2021-03-31 | $12.82B | $1.81B | 7.10 |
| 2020-12-31 | $12.19B | $1.88B | 6.50 |
| 2020-09-30 | $11.90B | $1.83B | 6.49 |
| 2020-06-30 | $12.01B | $1.81B | 6.64 |
| 2020-03-31 | $10.92B | $1.78B | 6.14 |
| 2019-12-31 | $10.67B | $1.79B | 5.97 |
| 2019-09-30 | $10.58B | $1.75B | 6.05 |
| 2019-06-30 | $9.24B | $1.50B | 6.15 |
| 2019-03-31 | $8.76B | $1.46B | 6.01 |
| 2018-12-31 | $8.48B | $1.41B | 6.02 |
| 2018-09-30 | $8.43B | $1.36B | 6.19 |
| 2018-06-30 | $8.39B | $1.34B | 6.26 |
| 2018-03-31 | $8.16B | $1.31B | 6.21 |
| 2017-12-31 | $8.06B | $1.30B | 6.19 |
| 2017-09-30 | $7.77B | $1.28B | 6.05 |
| 2017-06-30 | $6.77B | $1.04B | 6.54 |
| 2017-03-31 | $6.40B | $0.93B | 6.88 |
| 2016-12-31 | $6.31B | $0.90B | 7.00 |
| 2016-09-30 | $6.12B | $0.90B | 6.80 |
| 2016-06-30 | $6.02B | $0.89B | 6.78 |
| 2016-03-31 | $5.93B | $0.87B | 6.84 |
| 2015-12-31 | $5.91B | $0.85B | 6.95 |
| 2015-09-30 | $5.42B | $0.77B | 7.07 |
| 2015-06-30 | $5.39B | $0.75B | 7.19 |
| 2015-03-31 | $5.14B | $0.74B | 6.95 |
| 2014-12-31 | $5.10B | $0.73B | 7.01 |
| 2014-09-30 | $4.91B | $0.69B | 7.17 |
| 2014-06-30 | $4.95B | $0.67B | 7.37 |
| 2014-03-31 | $4.80B | $0.65B | 7.36 |
| 2013-12-31 | $4.80B | $0.64B | 7.56 |
| 2013-09-30 | $3.81B | $0.51B | 7.43 |
| 2013-06-30 | $3.80B | $0.54B | 7.04 |
| 2013-03-31 | $3.71B | $0.54B | 6.90 |
| 2012-12-31 | $3.75B | $0.55B | 6.80 |
| 2012-09-30 | $3.70B | $0.55B | 6.77 |
| 2012-06-30 | $3.70B | $0.54B | 6.90 |
| 2012-03-31 | $3.71B | $0.53B | 7.02 |
| 2011-12-31 | $3.66B | $0.51B | 7.11 |
| 2011-09-30 | $3.61B | $0.51B | 7.04 |
| 2011-06-30 | $3.63B | $0.47B | 7.74 |
| 2011-03-31 | $3.66B | $0.46B | 7.90 |
| 2010-12-31 | $3.72B | $0.45B | 8.18 |
| 2010-09-30 | $3.72B | $0.46B | 8.04 |
| 2010-06-30 | $3.73B | $0.46B | 8.14 |
| 2010-03-31 | $3.89B | $0.49B | 7.95 |
| 2009-12-31 | $4.02B | $0.46B | 8.66 |
| 2009-09-30 | $4.00B | $0.48B | 8.41 |
| 2009-06-30 | $4.24B | $0.47B | 8.97 |
| 2009-03-31 | $4.38B | $0.51B | 8.62 |
| 2008-12-31 | $4.39B | $0.40B | 11.08 |
| 2008-09-30 | $3.51B | $0.35B | 9.98 |
| 2008-06-30 | $3.48B | $0.35B | 10.00 |
| 2008-03-31 | $3.42B | $0.35B | 9.80 |
| 2007-12-31 | $3.44B | $0.34B | 10.13 |
| 2007-09-30 | $3.42B | $0.33B | 10.28 |
| 2007-06-30 | $3.34B | $0.33B | 10.21 |
| 2007-03-31 | $3.23B | $0.33B | 9.82 |
| 2006-12-31 | $3.23B | $0.33B | 9.86 |
| 2006-09-30 | $3.15B | $0.32B | 9.77 |
| 2006-06-30 | $3.10B | $0.31B | 9.89 |
| 2006-03-31 | $2.95B | $0.32B | 9.32 |
| 2005-12-31 | $2.92B | $0.31B | 9.33 |
| 2005-09-30 | $2.92B | $0.32B | 9.17 |
| 2005-06-30 | $2.89B | $0.31B | 9.22 |
| 2005-03-31 | $2.88B | $0.31B | 9.26 |
| 2004-12-31 | $2.88B | $0.32B | 9.15 |
| 2004-09-30 | $2.87B | $0.31B | 9.14 |
| 2004-06-30 | $2.82B | $0.30B | 9.28 |
| 2004-03-31 | $2.72B | $0.31B | 8.79 |
| 2003-12-31 | $2.77B | $0.30B | 9.12 |
| 2003-09-30 | $2.71B | $0.30B | 9.00 |
| 2003-06-30 | $2.76B | $0.30B | 9.16 |
| 2003-03-31 | $2.71B | $0.29B | 9.36 |
| 2002-12-31 | $2.42B | $0.26B | 9.26 |
| 2002-09-30 | $2.37B | $0.26B | 9.12 |
| 2002-06-30 | $2.41B | $0.25B | 9.60 |
| 2002-03-31 | $1.55B | $0.18B | 8.48 |
| 2001-12-31 | $1.61B | $0.18B | 8.98 |
| 2001-09-30 | $1.58B | $0.18B | 8.92 |
| 2001-06-30 | $1.48B | $0.16B | 9.27 |
| 2001-03-31 | $1.40B | $0.16B | 8.80 |
| 2000-12-31 | $1.47B | $0.16B | 9.39 |
| 2000-09-30 | $1.45B | $0.15B | 9.47 |
| 2000-06-30 | $1.46B | $0.15B | 9.94 |
| 2000-03-31 | $1.32B | $0.13B | 10.59 |
| 1999-12-31 | $1.35B | $0.13B | 10.67 |
| 1999-09-30 | $1.27B | $0.16B | 8.12 |
| 1999-06-30 | $1.25B | $0.16B | 8.06 |
| 1999-03-31 | $1.04B | $0.13B | 7.87 |
| 1998-12-31 | $1.05B | $0.13B | 7.95 |
| 1998-09-30 | $0.98B | $0.13B | 7.58 |
| 1998-06-30 | $0.95B | $0.13B | 7.54 |
| 1998-03-31 | $0.89B | $0.12B | 7.20 |
| 1997-12-31 | $0.90B | $0.12B | 7.36 |
| 1997-09-30 | $0.00B | $0.12B | 0.00 |
| 1997-06-30 | $0.00B | $0.12B | 0.00 |
| 1997-03-31 | $0.00B | $0.00B | 0.00 |
| 1996-12-31 | $0.86B | $0.11B | 7.59 |
| 1996-09-30 | $0.79B | $0.10B | 7.81 |
| 1996-06-30 | $0.00B | $0.11B | 0.00 |
| 1996-03-31 | $0.60B | $0.08B | 7.38 |
| 1995-12-31 | $0.63B | $0.08B | 7.80 |
| 1995-09-30 | $0.61B | $0.08B | 7.78 |
| 1995-06-30 | $0.62B | $0.08B | 8.10 |
| 1995-03-31 | $0.57B | $0.07B | 7.68 |
| 1994-12-31 | $0.57B | $0.07B | 8.08 |
| 1994-09-30 | $0.55B | $0.07B | 7.76 |
| 1994-06-30 | $0.57B | $0.07B | 8.22 |
| 1994-03-31 | $0.56B | $0.07B | 8.07 |
| 1993-12-31 | $0.56B | $0.07B | 8.10 |
| 1993-09-30 | $0.55B | $0.07B | 8.02 |
| 1993-06-30 | $0.58B | $0.07B | 8.60 |
| 1993-03-31 | $0.55B | $0.07B | 8.30 |
| 1992-12-31 | $0.55B | $0.06B | 8.65 |
| 1992-09-30 | $0.54B | $0.06B | 8.58 |
| 1992-06-30 | $0.55B | $0.06B | 8.98 |
| 1992-03-31 | $0.53B | $0.06B | 8.92 |
| 1991-12-31 | $0.54B | $0.06B | 9.20 |
| 1991-09-30 | $0.53B | $0.06B | 9.29 |
| 1991-06-30 | $0.49B | $0.05B | 9.17 |
| 1991-03-31 | $0.49B | $0.05B | 9.37 |
| 1990-12-31 | $0.49B | $0.05B | 9.55 |
| 1990-09-30 | $0.47B | $0.05B | 9.21 |
| 1990-06-30 | $0.48B | $0.05B | 9.52 |
| 1990-03-31 | $0.47B | $0.05B | 9.57 |
| 1989-12-31 | $0.48B | $0.05B | 9.84 |
| 1989-09-30 | $0.45B | $0.05B | 9.60 |
| 1989-06-30 | $0.45B | $0.05B | 9.69 |
| 1989-03-31 | $0.43B | $0.05B | 9.54 |
| 1988-12-31 | $0.45B | $0.05B | 10.01 |
| 1988-09-30 | $0.38B | $0.04B | 9.77 |
| 1988-06-30 | $0.38B | $0.04B | 10.07 |
| 1988-03-31 | $0.38B | $0.04B | 10.13 |
| 1987-12-31 | $0.38B | $0.04B | 10.37 |
| 1987-09-30 | $0.38B | $0.04B | 10.60 |
| 1987-06-30 | $0.39B | $0.04B | 11.10 |
| 1987-03-31 | $0.35B | $0.03B | 10.27 |
| 1986-12-31 | $0.38B | $0.03B | 11.34 |
| Sector | Industry | Market Cap | Revenue |
|---|---|---|---|
| Finance | Banks - Midwest | $2.601B | $1.052B |
| FIRST MERCHANTS CORP. is a bank holding company engaged in conducting commercial banking business through the offices of its banking subsidiaries. | |||
| Stock Name | Country | Market Cap | PE Ratio |
|---|---|---|---|
| Huntington Bancshares (HBAN) | United States | $33.368B | 10.99 |
| Wintrust Financial (WTFC) | United States | $9.840B | 12.49 |
| UMB Financial (UMBF) | United States | $9.154B | 10.62 |
| Old National Bancorp (ONB) | United States | $9.075B | 10.73 |
| Commerce Bancshares (CBSH) | United States | $7.414B | 12.05 |
| Associated Banc-Corp (ASB) | United States | $4.543B | 9.92 |
| First Interstate BancSystem (FIBK) | United States | $3.441B | 11.54 |
| First Financial Bancorp (FFBC) | United States | $3.074B | 10.03 |
| First Busey (BUSE) | United States | $2.280B | 10.58 |
| Enterprise Financial Services (EFSC) | United States | $2.132B | 11.04 |
| 1st Source (SRCE) | United States | $1.798B | 11.53 |
| German American Bancorp (GABC) | United States | $1.652B | 12.48 |
| Lakeland Financial (LKFN) | United States | $1.538B | 15.18 |
| QCR Holdings (QCRH) | United States | $1.520B | 11.88 |
| Peoples Bancorp (PEBO) | United States | $1.232B | 11.00 |
| Old Second Bancorp (OSBC) | United States | $1.103B | 10.45 |
| FirstSun Capital Bancorp (FSUN) | United States | $1.052B | 10.67 |
| MidWestOne Financial (MOFG) | United States | $1.017B | 17.24 |
| Mercantile Bank (MBWM) | United States | $0.924B | 9.80 |
| First Financial Indiana (THFF) | United States | $0.795B | 10.01 |
| Independent Bank (IBCP) | United States | $0.714B | 10.57 |
| Civista Bancshares (CIVB) | United States | $0.593B | 8.75 |
| Farmers National Banc (FMNB) | United States | $0.524B | 8.79 |
| First Business Financial Services (FBIZ) | United States | $0.489B | 9.85 |
| Ames National (ATLO) | United States | $0.260B | 13.69 |
| First Western Financial (MYFW) | United States | $0.258B | 19.62 |
| Ohio Valley Banc (OVBC) | United States | $0.215B | 13.77 |
| Eagle Bancorp Montana (EBMT) | United States | $0.175B | 11.66 |
| CSB Bancorp (CSBB) | United States | $0.163B | 12.25 |
| BNCCORP (BNCC) | United States | $0.124B | 14.07 |
| United Bancshares (UBOH) | United States | $0.103B | 9.22 |
| United Bancorp (UBCP) | United States | $0.093B | 12.10 |
| Solera National Bancorp (SLRK) | United States | $0.082B | 3.55 |
| Central Plains Bancshares (CPBI) | United States | $0.075B | 17.20 |
| Commercial National Financial (CEFC) | United States | $0.056B | 8.44 |