First Merchants Bank
Total assets
$21.32B
▲ +14.7% YoY
Deposits
$16.78B
▲ +12.9% YoY
Loans
$15.37B
▲ +17.0% YoY
Offices
135
FIRST MERCHANTS CORP
ROA (annualized)
0.78%
peers 1.23%
ROE (annualized)
6.04%
peers 11.23%
Peer comparison 160 banks with 10B+ in assets
| Metric | First Merchants Bank | Peer median | Δ |
|---|---|---|---|
| Asset growth (YoY) | +14.8% | +5.9% | +8.9 pts |
| Deposit growth (YoY) | +12.9% | +5.7% | +7.2 pts |
| Loan growth (YoY) | +17.0% | +6.9% | +10.1 pts |
| ROA | 0.78% | 1.23% | -0.5 pts |
| ROE | 6.0% | 11.2% | -5.2 pts |
ROA ranks in the 13th percentile of its peer group · Q2 2026
Profile
- Established
- 1893
- Charter
- State
- Primary regulator
- FDIC
- Holding company
- FIRST MERCHANTS CORP
- Specialization
- Commercial Lending Specialization
- Address
- 200 E Jackson St, Muncie, IN, 47305
- County
- Delaware
- Metro area
- Muncie, IN
- Offices
- 135
- FDIC cert #
- 4365
- RSSD ID
- 17147
- Latest call report
- Q2 2026
Total assets last 8 quarters
Deposits last 8 quarters
Quarterly financials FDIC call report
| Quarter | Assets | Deposits | Loans | Equity | Net income YTD | ROA | NIM | Nonperforming |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $21.32B | $16.78B | $15.37B | $2.73B | $79.7M | 0.78% | 3.40% | 0.61% |
| Q1 2026 | $21.05B | $16.51B | $15.45B | $2.71B | $33.3M | 0.66% | 3.38% | 0.45% |
| Q4 2025 | $19.01B | $15.34B | $13.62B | $2.47B | $235.9M | 1.27% | 3.21% | 0.39% |
| Q3 2025 | $18.80B | $14.92B | $13.42B | $2.40B | $176.1M | 1.27% | 3.19% | 0.37% |
| Q2 2025 | $18.58B | $14.86B | $13.13B | $2.33B | $116.7M | 1.27% | 3.19% | 0.39% |
| Q1 2025 | $18.43B | $14.51B | $12.84B | $2.33B | $57.5M | 1.25% | 3.17% | 0.49% |
| Q4 2024 | $18.30B | $14.59B | $12.68B | $2.32B | $212.9M | 1.16% | 3.20% | 0.46% |
| Q3 2024 | $18.34B | $14.44B | $12.50B | $2.30B | $145.9M | 1.06% | 3.17% | 0.43% |
Loan mix (Q2 2026): real estate $9.28B · commercial $4.73B · consumer $149.9M · securities $3.29B
Ratio pack Q2 2026 · peer medians from 160 institutions
Profitability
| Ratio | First Merchants Bank | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Return on assets Annualized net income ÷ assets | 0.78% | 1.23% | 13th | |
Return on equity Annualized net income ÷ equity or net worth | 6.0% | 11.3% | 8th | |
Net interest margin Interest income − interest expense, ÷ assets | 3.40% | 3.55% | 45th | |
Efficiency ratio Operating expense ÷ revenue — lower is leaner | 63.8% | 54.9% | 82th | |
Non-interest income share Fees and other income as a share of total revenue | 00.0% | 00.0% | ||
Cost of funds Annualized interest expense ÷ deposits | 00.0% | 00.0% |
Balance sheet
| Ratio | First Merchants Bank | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Loan-to-deposit Loans ÷ deposits (shares). Above ~90% needs funding; below ~60% needs loan demand | 00.0% | 00.0% | ||
Loans-to-assets How much of the balance sheet is lent out | 00.0% | 00.0% | ||
Securities-to-assets Investment portfolio as a share of assets | 00.0% | 00.0% | ||
Cash-to-assets On-balance-sheet liquidity | 00.0% | 00.0% |
Capital
| Ratio | First Merchants Bank | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Capital ratio Tier 1 capital (banks) or net worth (CUs) ÷ assets. NCUA well-capitalized line: 7% | 00.0% | 00.0% |
Credit quality
| Ratio | First Merchants Bank | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Nonperforming / delinquency Banks: nonperforming assets ÷ assets. CUs: 60+ day delinquent loans ÷ loans | 00.0% | 00.0% | ||
Net charge-off rate Annualized charge-offs net of recoveries ÷ loans | 00.0% | 00.0% | ||
CRE concentration Commercial real estate loans ÷ capital. Regulators flag banks above 300% | 00.0% | 00.0% |
Franchise
| Ratio | First Merchants Bank | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Assets per office Branch efficiency; high numbers usually mean digital-first | 00.0% | 00.0% |
11 more ratios, with trends and peer percentiles.
See Pro plan →The full ratio pack is part of CharterBench Pro.
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