First Merchants Corporation Tangible Net Worth Ratio
First Merchants Corporation tangible net worth ratio. First Merchants Corporation (FRME) has a Tangible Net Worth Ratio of 98.6% as of June 2026. This metric is calculated by deducting intangible assets ($38.97 Million) from net assets ($2.70 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Check FRME strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of First Merchants Corporation (1989–2025)
Tangible net worth ratio of First Merchants Corporation from 1989 to 2025. This chart shows how First Merchants Corporation's Tangible Net Worth Ratio has changed across 37 annual periods from 1989 to 2025. As of June 2026, the ratio stands at 98.6%, reflecting net assets of $2.70 Billion with intangible assets of $38.97 Million USD. See working capital to net assets of First Merchants Corporation to evaluate short-term liquidity relative to the company's equity base.
First Merchants Corporation Tangible Net Worth Ratio by Year (1989–2025)
First Merchants Corporation tangible net worth ratio by year from 1989 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for First Merchants Corporation from 1989 to 2025, covering 37 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see market cap of First Merchants Corporation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.4% | $2.47 Billion | $13.80 Million | $19.03 Billion | ▲ +0.3 pp |
| 2024 | 99.1% | $2.30 Billion | $19.83 Million | $18.31 Billion | ▲ +0.3 pp |
| 2023 | 98.8% | $2.25 Billion | $27.10 Million | $18.41 Billion | ▲ +0.6 pp |
| 2022 | 98.2% | $2.03 Billion | $35.84 Million | $17.94 Billion | ▼ -0.4 pp |
| 2021 | 98.7% | $1.91 Billion | $25.48 Million | $15.45 Billion | ▲ +0.2 pp |
| 2020 | 98.5% | $1.88 Billion | $28.98 Million | $14.07 Billion | ▲ +0.4 pp |
| 2019 | 98.0% | $1.79 Billion | $34.96 Million | $12.46 Billion | ▼ -0.2 pp |
| 2018 | 98.3% | $1.41 Billion | $24.43 Million | $9.88 Billion | ▲ +0.7 pp |
| 2017 | 97.6% | $1.30 Billion | $31.15 Million | $9.37 Billion | ▼ -0.7 pp |
| 2016 | 98.4% | $901.66 Million | $14.87 Million | $7.21 Billion | ▲ +0.3 pp |
| 2015 | 98.0% | $850.51 Million | $16.64 Million | $6.76 Billion | ▲ +0.2 pp |
| 2014 | 97.8% | $726.83 Million | $16.03 Million | $5.82 Billion | ▼ 0.0 pp |
| 2013 | 97.8% | $634.92 Million | $13.82 Million | $5.44 Billion | ▼ -0.7 pp |
| 2012 | 98.5% | $552.24 Million | $8.15 Million | $4.30 Billion | ▲ +0.3 pp |
| 2011 | 98.2% | $514.47 Million | $9.11 Million | $4.17 Billion | ▲ +1.0 pp |
| 2010 | 97.2% | $454.41 Million | $12.66 Million | $4.17 Billion | ▲ +1.0 pp |
| 2009 | 96.3% | $463.79 Million | $17.38 Million | $4.48 Billion | ▲ +1.9 pp |
| 2008 | 94.3% | $395.90 Million | $22.49 Million | $4.78 Billion | ▲ +1.2 pp |
| 2007 | 93.1% | $339.94 Million | $23.40 Million | $3.78 Billion | ▲ +0.6 pp |
| 2006 | 92.6% | $327.32 Million | $24.34 Million | $3.55 Billion | ▼ -1.2 pp |
| 2005 | 93.7% | $313.40 Million | $19.69 Million | $3.24 Billion | ▼ -0.8 pp |
| 2004 | 94.5% | $314.60 Million | $17.32 Million | $3.19 Billion | ▲ +0.0 pp |
| 2003 | 94.5% | $303.96 Million | $16.84 Million | $3.08 Billion | ▲ +1.1 pp |
| 2002 | 93.4% | $261.13 Million | $17.35 Million | $2.68 Billion | ▲ +0.1 pp |
| 2001 | 93.3% | $179.13 Million | $12.02 Million | $1.79 Billion | ▲ +1.7 pp |
| 2000 | 91.6% | $156.06 Million | $13.13 Million | $1.62 Billion | ▲ +0.5 pp |
| 1999 | 91.1% | $126.30 Million | $11.30 Million | $1.47 Billion | ▼ -1.9 pp |
| 1998 | 93.0% | $153.90 Million | $10.80 Million | $1.36 Billion | ▲ +0.4 pp |
| 1997 | 92.6% | $122.00 Million | $9.00 Million | $1.02 Billion | ▲ +0.3 pp |
| 1996 | 92.4% | $112.70 Million | $8.60 Million | $968.00 Million | ▲ +0.1 pp |
| 1995 | 92.3% | $80.50 Million | $6.20 Million | $707.90 Million | ▲ +0.2 pp |
| 1994 | 92.1% | $71.00 Million | $5.60 Million | $644.60 Million | ▲ +0.4 pp |
| 1993 | 91.7% | $68.80 Million | $5.70 Million | $626.10 Million | ▲ +0.9 pp |
| 1992 | 90.8% | $63.90 Million | $5.90 Million | $616.90 Million | ▲ +2.7 pp |
| 1991 | 88.0% | $58.50 Million | $7.00 Million | $596.60 Million | ▲ +0.9 pp |
| 1990 | 87.1% | $51.30 Million | $6.60 Million | $541.10 Million | ▲ +0.8 pp |
| 1989 | 86.3% | $48.20 Million | $6.60 Million | $522.80 Million | — |