41.43
+1.47%
Close of 9 Nov 2026, in USD
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About First Merchants
From its filings with the US Securities and Exchange Commission
First Merchants is based in Muncie, Indiana and is incorporated in Indiana. Its shares trade on Nasdaq under the ticker FRME. The SEC classifies its business as national commercial banks. In the fiscal year to 31 December 2025, it reported net income of $226.0m. At that date it held total assets of $19.03bn and shareholders' equity of $2.47bn.
First Merchants Corporation (the “Corporation”) is a financial holding company headquartered in Muncie, Indiana and was organized in September 1982. The Corporation’s common stock is traded on the Nasdaq Global Select Market System under the symbol FRME. The Corporation has one full-service bank charter, First Merchants Bank, which opened for business in Muncie, Indiana in March 1893. The Bank also operates First Merchants Private Wealth Advisors (a division of First Merchants Bank). The Bank includes 111 banking locations in Indiana, Ohio, and Michigan. In addition to its branch network, the Corporation offers comprehensive electronic and mobile delivery channels to its customers. The Corporation’s business activities are currently limited to one significant business segment, which is community banking.
Through the Bank, the Corporation offers a broad range of commercial and consumer banking services to meet the diverse needs of our customers. Our commercial banking team offers a full spectrum of debt capital, treasury management services and depository products. The consumer banking group offers a variety of consumer deposit and lending products. The mortgage banking team offers consumer mortgage solutions to assist with the purchase, refinance, construction or renovation of residential properties. Private Wealth Advisors offers personal wealth management services with expertise in investment management, private banking, fiduciary estate and financial planning.
Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 20 Jun 1989
- Employees
- 2,086
- Website
- ir.firstmerchants.com ↗
- Head office
- 200 E JACKSON ST, MUNCIE, IN, 47308-0792
- Incorporated in
- IN
- Classification
- National Commercial Banks
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Ms. Jean WojtowiczIndependent Chairperson of the Board$207,961
- Mr. Michael StewartPresident$1.6m
- Mr. Mark HardwickChief Executive Officer, Director, since 1997$2.1m
- Mr. Michael RechinVice Chairperson of the Board, since 2005$162,155
- Ms. Michele KawieckiChief Financial Officer, Executive Vice President$1.2m
- Mr. Steven HarrisChief Human Resources Officer, Executive Vice President
- Mr. John MartinExecutive Vice President, Chief Credit Officer$968,382
- Mr. Joseph PetersonExecutive Vice President and Chief Commercial Officer$931,746
- Mr. Stephan FluhlerSenior Vice President, Chief Information Officer$696,711
- Mr. Chad KimballSenior Vice President, Chief Risk Officer
- Mr. Larry MyersDirector
- Mr. Michael BecherIndependent Director$165,342
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 22
- Environment
- 3
- Social
- 35
- Governance
- 27
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- First Merchants Corp possesses several strengths that contribute to its success in the market. These include:
Weaknesses
- Despite its strengths, First Merchants Corp also faces some weaknesses that require attention:
Opportunities
- First Merchants Corp can capitalize on the following opportunities to further enhance its growth:
Threats
- First Merchants Corp faces certain threats that could potentially impact its success:
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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