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COVID-19 updates

The federal government has deemed banks an essential service, and First Merchants is here to meet your financial needs.  First Merchants offers service through our digital and mobile channels as well as drive thru for common transactions.  Additionally, we are offering limited lobby services by appointment only.  To assess if your needs can be met through one of our alternative channels please call your local banking center or Customer Service at 1.800.205.3464.  We remain accessible and available and ready to support your needs. 

Read our current COVID-19 Update here.

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Peer Analysis

Performance Ratios (%) FRME Peer Median Peer Average
ROAA 1.48 1.30 1.32
ROAE 10.48 9.98 10.40
Net Interest Margin 3.69 3.75 3.69
Efficiency Ratio 49.43 56.77 56.71
Loans / Deposits 85.97 94.44 94.68
Asset Quality Ratios (%)
NPAs / Assets 0.20 0.49 0.72
NCOs / Avg Loans 0.04 0.12 0.16
Reserves / Loans 0.95 0.87 0.92
Reserves / NPAs 330.16 102.17 136.89
Capital Ratios (%)
Tier 1 Capital 12.81 12.08 12.50
Tangible Equity / Tangible Assets 10.17 9.37 9.92
Total Equity / Total Assets 14.34 13.13 13.00
Market Ratios
Price / Earnings (x) 8.16 8.53 8.53
Price / Book (%) 80.65 84.19 87.80
Dividend Yield (%) 4.00 4.18 4.54
Data for trailing four quarters

First Merchants Corporation's peer group consists of the following: 1st Source Corporation (SRCE), Chemical Financial Corporation (TCF), Community Trust Bancorp, Inc. (CTBI), F.N.B. Corporation (FNB), First Busey Corporation (BUSE), First Commonwealth Financial Corporation (FCF), First Financial Bancorp. (FFBC), First Midwest Bancorp, Inc. (FMBI), Heartland BancCorp (HLAN), Independent Bank Corporation (IBCP), MainSource Financial Group, Inc. (MSFG), MB Financial, Inc. (MBFI), National Penn Bancshares, Inc. (NPBC), Old National Bancorp (ONB), Park National Corporation (PRK), Pinnacle Financial Partners, Inc. (PNFP), Republic Bancorp, Inc. (RBCA.A), S&T Bancorp, Inc. (STBA), Stock Yards Bancorp, Inc. (SYBT)

First Merchants Corporation's financial data is as of 12/31/2019.

Peer financial data is as of 12/31/2019 except for these companies:

Chemical Financial Corporation's financial data is as of 6/30/2019.
National Penn Bancshares, Inc.'s financial data is as of 12/31/2015.
MainSource Financial Group, Inc.'s financial data is as of 3/31/2018.
MB Financial, Inc.'s financial data is as of 12/31/2018.