First Merchants Corporation Net Asset Quality Index
First Merchants Corporation net asset quality index. First Merchants Corporation (FRME) has a Net Asset Quality Index of 12.6% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $21.35 Billion minus total liabilities of $18.65 Billion yields net assets of $2.70 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See First Merchants Corporation (FRME) net assets for net asset value and shareholders' equity analysis.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of First Merchants Corporation (1989–2025)
Net asset quality index of First Merchants Corporation from 1989 to 2025. This chart shows how First Merchants Corporation's Net Asset Quality Index has evolved across 37 annual periods from 1989 to 2025. As of June 2026, the index stands at 12.6%, representing net assets of $2.70 Billion against total assets of $21.35 Billion USD. Check strategic asset allocation of First Merchants Corporation to assess the company's strategic physical and investment asset allocation.
First Merchants Corporation Net Asset Quality Index by Year (1989–2025)
First Merchants Corporation net asset quality index by year from 1989 to 2025. The table below presents the year-by-year Net Asset Quality Index for First Merchants Corporation from 1989 to 2025, covering 37 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For live market cap and overall valuation, see FRME company net worth.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 13.0% | $2.47 Billion | $19.03 Billion | $16.56 Billion | ▲ +0.4 pp |
| 2024 | 12.6% | $2.30 Billion | $18.31 Billion | $16.01 Billion | ▲ +0.4 pp |
| 2023 | 12.2% | $2.25 Billion | $18.41 Billion | $16.16 Billion | ▲ +0.9 pp |
| 2022 | 11.3% | $2.03 Billion | $17.94 Billion | $15.90 Billion | ▼ -1.0 pp |
| 2021 | 12.4% | $1.91 Billion | $15.45 Billion | $13.54 Billion | ▼ -1.0 pp |
| 2020 | 13.3% | $1.88 Billion | $14.07 Billion | $12.19 Billion | ▼ -1.0 pp |
| 2019 | 14.3% | $1.79 Billion | $12.46 Billion | $10.67 Billion | ▲ +0.1 pp |
| 2018 | 14.2% | $1.41 Billion | $9.88 Billion | $8.48 Billion | ▲ +0.3 pp |
| 2017 | 13.9% | $1.30 Billion | $9.37 Billion | $8.06 Billion | ▲ +1.4 pp |
| 2016 | 12.5% | $901.66 Million | $7.21 Billion | $6.31 Billion | ▼ -0.1 pp |
| 2015 | 12.6% | $850.51 Million | $6.76 Billion | $5.91 Billion | ▲ +0.1 pp |
| 2014 | 12.5% | $726.83 Million | $5.82 Billion | $5.10 Billion | ▲ +0.8 pp |
| 2013 | 11.7% | $634.92 Million | $5.44 Billion | $4.80 Billion | ▼ -1.2 pp |
| 2012 | 12.8% | $552.24 Million | $4.30 Billion | $3.75 Billion | ▲ +0.5 pp |
| 2011 | 12.3% | $514.47 Million | $4.17 Billion | $3.66 Billion | ▲ +1.4 pp |
| 2010 | 10.9% | $454.41 Million | $4.17 Billion | $3.72 Billion | ▲ +0.5 pp |
| 2009 | 10.4% | $463.79 Million | $4.48 Billion | $4.02 Billion | ▲ +2.1 pp |
| 2008 | 8.3% | $395.90 Million | $4.78 Billion | $4.39 Billion | ▼ -0.7 pp |
| 2007 | 9.0% | $339.94 Million | $3.78 Billion | $3.44 Billion | ▼ -0.2 pp |
| 2006 | 9.2% | $327.32 Million | $3.55 Billion | $3.23 Billion | ▼ -0.5 pp |
| 2005 | 9.7% | $313.40 Million | $3.24 Billion | $2.92 Billion | ▼ -0.2 pp |
| 2004 | 9.9% | $314.60 Million | $3.19 Billion | $2.88 Billion | ▼ 0.0 pp |
| 2003 | 9.9% | $303.96 Million | $3.08 Billion | $2.77 Billion | ▲ +0.1 pp |
| 2002 | 9.7% | $261.13 Million | $2.68 Billion | $2.42 Billion | ▼ -0.3 pp |
| 2001 | 10.0% | $179.13 Million | $1.79 Billion | $1.61 Billion | ▲ +0.4 pp |
| 2000 | 9.6% | $156.06 Million | $1.62 Billion | $1.47 Billion | ▲ +1.1 pp |
| 1999 | 8.6% | $126.30 Million | $1.47 Billion | $1.35 Billion | ▼ -2.7 pp |
| 1998 | 11.3% | $153.90 Million | $1.36 Billion | $1.21 Billion | ▼ -0.7 pp |
| 1997 | 12.0% | $122.00 Million | $1.02 Billion | $898.10 Million | ▲ +0.3 pp |
| 1996 | 11.6% | $112.70 Million | $968.00 Million | $855.30 Million | ▲ +0.3 pp |
| 1995 | 11.4% | $80.50 Million | $707.90 Million | $627.40 Million | ▲ +0.4 pp |
| 1994 | 11.0% | $71.00 Million | $644.60 Million | $573.60 Million | ▲ +0.0 pp |
| 1993 | 11.0% | $68.80 Million | $626.10 Million | $557.30 Million | ▲ +0.6 pp |
| 1992 | 10.4% | $63.90 Million | $616.90 Million | $553.00 Million | ▲ +0.6 pp |
| 1991 | 9.8% | $58.50 Million | $596.60 Million | $538.10 Million | ▲ +0.3 pp |
| 1990 | 9.5% | $51.30 Million | $541.10 Million | $489.80 Million | ▲ +0.3 pp |
| 1989 | 9.2% | $48.20 Million | $522.80 Million | $474.60 Million | — |