About First Merchants Corporation
https://www.firstmerchants.comFirst Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance.
CEO
Michael C. Rechin
Compensation Summary
(Year 2023)
Salary $721,538
Stock Awards $611,040
Incentive Plan Pay $369,807
All Other Compensation $78,872
Total Compensation $1,787,750
Industry Banks - Regional
Sector Financial Services
Went public August 18, 2020
Full time employees 2,120
Ratings Snapshot
Rating : A
Discounted Cash Flow 5
Return On Equity 3
Return On Assets 3
Debt To Equity 3
Price To Earnings 4
Price To Book 4
Overall Score 4
Price Target
Target High $0
Target Low $0
Target Median $0
Target Consensus $0
Market Cap $1.49 B
52w High $26.27
52w Low $24.15
Dividend Yield 7.25%
Frequency Quarterly
P/E 6.78
Volume 2
Outstanding Shares 57.66M
About First Merchants Corporation
https://www.firstmerchants.comFirst Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $267.57M ▲ | $96.56M ▲ | $56.77M ▼ | 21.21% ▼ | $0.99 ▲ | $73.29M ▲ |
| Q2-2025 | $261.03M ▲ | $93.6M ▲ | $56.83M ▲ | 21.77% ▼ | $0.98 ▲ | $72.99M ▲ |
| Q1-2025 | $252.57M ▼ | $92.9M ▲ | $55.34M ▼ | 21.91% ▼ | $0.95 ▼ | $71.06M ▼ |
| Q4-2024 | $257.4M ▼ | $76.31M ▼ | $64.35M ▲ | 25% ▲ | $1.1 ▲ | $92.87M ▲ |
| Q3-2024 | $265.95M | $94.63M | $49.19M | 18.49% | $0.84 | $60.27M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $686.69M ▼ | $18.81B ▲ | $16.4B ▲ | $2.41B ▲ |
| Q2-2025 | $739.25M ▼ | $18.59B ▲ | $16.24B ▲ | $2.35B ▲ |
| Q1-2025 | $1.49B ▼ | $18.44B ▲ | $16.11B ▲ | $2.33B ▲ |
| Q4-2024 | $1.77B ▼ | $18.31B ▼ | $16.01B ▼ | $2.3B ▲ |
| Q3-2024 | $2B | $18.35B | $16.05B | $2.3B |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $56.77M ▼ | $87.56M ▲ | $-143.33M ▲ | $62.28M ▼ | $6.51M ▲ | $87.56M ▲ |
| Q2-2025 | $56.83M ▲ | $53.67M ▼ | $-169.32M ▼ | $111.1M ▲ | $-4.55M ▼ | $53.67M ▼ |
| Q1-2025 | $55.34M ▼ | $61.7M ▼ | $-160.42M ▲ | $97.22M ▼ | $-1.5M ▼ | $61.7M ▼ |
| Q4-2024 | $64.35M ▲ | $67.5M ▼ | $-251.54M ▼ | $186.93M ▲ | $2.9M ▲ | $67.5M ▼ |
| Q3-2024 | $49.19M | $76.83M | $-68.18M | $-29.3M | $-20.65M | $76.83M |
Revenue by Products
| Product | Q3-2024 | Q4-2024 | Q1-2025 | Q2-2025 |
|---|---|---|---|---|
 Credit Card | $10.00M ▲ | $10.00M ▲ | $0 ▼ | $0 ▲ |
 Deposit Account | $10.00M ▲ | $20.00M ▲ | $10.00M ▼ | $10.00M ▲ |
 Derivative Hedging | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
 Fiduciary and Trust | $10.00M ▲ | $20.00M ▲ | $10.00M ▼ | $10.00M ▲ |
 Financial Service Other | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
CEO
Michael C. Rechin
Compensation Summary
(Year 2023)
Salary $721,538
Stock Awards $611,040
Incentive Plan Pay $369,807
All Other Compensation $78,872
Total Compensation $1,787,750
Industry Banks - Regional
Sector Financial Services
Went public August 18, 2020
Full time employees 2,120
Ratings Snapshot
Rating : A
Discounted Cash Flow 5
Return On Equity 3
Return On Assets 3
Debt To Equity 3
Price To Earnings 4
Price To Book 4
Overall Score 4
Price Target
Target High $0
Target Low $0
Target Median $0
Target Consensus $0