First Merchants Corporation
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management servi… Read more
First Merchants Corporation (FRME) - Total Assets
Latest total assets as of December 2025: $19.03 Billion USD
Based on the latest financial reports, First Merchants Corporation (FRME) holds total assets worth $19.03 Billion USD as of December 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
First Merchants Corporation - Total Assets Trend (1989–2025)
This chart illustrates how First Merchants Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
First Merchants Corporation - Asset Composition Analysis
Current Asset Composition (December 2025)
First Merchants Corporation's total assets of $19.03 Billion consist of 8.3% current assets and 91.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.4% |
| Accounts Receivable | $93.37 Million | 0.5% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $13.80 Million | 0.1% |
| Goodwill | $712.00 Million | 3.7% |
Asset Composition Trend (1989–2025)
This chart illustrates how First Merchants Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: First Merchants Corporation's current assets represent 8.3% of total assets in 2025, a decrease from 13.3% in 1989.
- Cash Position: Cash and equivalents constituted 0.4% of total assets in 2025, down from 12.0% in 1989.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, an increase from 1.0% in 1989.
- Asset Diversification: The largest asset category is goodwill at 3.7% of total assets.
First Merchants Corporation Competitors by Total Assets
Key competitors of First Merchants Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ping An Bank Co Ltd
SHE:000001
|
China | CN¥5.77 Trillion |
|
Bank of Ningbo Co Ltd
SHE:002142
|
China | CN¥3.58 Trillion |
|
Bank of Zhengzhou Co Ltd Class A
SHE:002936
|
China | CN¥743.55 Billion |
|
Qingdao Rural Commercial Bank Corp Class A
SHE:002958
|
China | CN¥509.92 Billion |
|
Bank of Suzhou
SHE:002966
|
China | CN¥776.04 Billion |
|
Jeju Bank
KO:006220
|
Korea | ₩7.72 Trillion |
|
Industrial Bank Of Korea
KO:024110
|
Korea | ₩490.11 Trillion |
|
Hana Financial
KO:086790
|
Korea | ₩659.08 Trillion |
First Merchants Corporation - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - First Merchants Corporation generates 0.06x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, First Merchants Corporation generates $ 1.19 in net profit.
First Merchants Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.20 | 0.13 | 756.45 |
| Quick Ratio | 0.20 | 0.13 | 756.30 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-6.35 Billion | $ -12.92 Billion | $ 3.04 Billion |
First Merchants Corporation - Advanced Valuation Insights
This section examines the relationship between First Merchants Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.97 |
| Latest Market Cap to Assets Ratio | 0.12 |
| Asset Growth Rate (YoY) | 3.9% |
| Total Assets | $19.03 Billion |
| Market Capitalization | $2.28 Billion USD |
Valuation Analysis
Below Book Valuation: The market values First Merchants Corporation's assets below their book value (0.12 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: First Merchants Corporation's assets grew by 3.9% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for First Merchants Corporation (1989–2025)
The table below shows the annual total assets of First Merchants Corporation from 1989 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $19.03 Billion | +3.89% |
| 2024-12-31 | $18.31 Billion | -0.51% |
| 2023-12-31 | $18.41 Billion | +2.61% |
| 2022-12-31 | $17.94 Billion | +16.08% |
| 2021-12-31 | $15.45 Billion | +9.85% |
| 2020-12-31 | $14.07 Billion | +12.92% |
| 2019-12-31 | $12.46 Billion | +26.03% |
| 2018-12-31 | $9.88 Billion | +5.52% |
| 2017-12-31 | $9.37 Billion | +29.89% |
| 2016-12-31 | $7.21 Billion | +6.66% |
| 2015-12-31 | $6.76 Billion | +16.09% |
| 2014-12-31 | $5.82 Billion | +7.12% |
| 2013-12-31 | $5.44 Billion | +26.31% |
| 2012-12-31 | $4.30 Billion | +3.16% |
| 2011-12-31 | $4.17 Billion | +0.05% |
| 2010-12-31 | $4.17 Billion | -6.92% |
| 2009-12-31 | $4.48 Billion | -6.34% |
| 2008-12-31 | $4.78 Billion | +26.50% |
| 2007-12-31 | $3.78 Billion | +6.39% |
| 2006-12-31 | $3.55 Billion | +9.82% |
| 2005-12-31 | $3.24 Billion | +1.42% |
| 2004-12-31 | $3.19 Billion | +3.73% |
| 2003-12-31 | $3.08 Billion | +14.86% |
| 2002-12-31 | $2.68 Billion | +49.90% |
| 2001-12-31 | $1.79 Billion | +10.24% |
| 2000-12-31 | $1.62 Billion | +9.98% |
| 1999-12-31 | $1.47 Billion | +8.18% |
| 1998-12-31 | $1.36 Billion | +33.57% |
| 1997-12-31 | $1.02 Billion | +5.38% |
| 1996-12-31 | $968.00 Million | +36.74% |
| 1995-12-31 | $707.90 Million | +9.82% |
| 1994-12-31 | $644.60 Million | +2.95% |
| 1993-12-31 | $626.10 Million | +1.49% |
| 1992-12-31 | $616.90 Million | +3.40% |
| 1991-12-31 | $596.60 Million | +10.26% |
| 1990-12-31 | $541.10 Million | +3.50% |
| 1989-12-31 | $522.80 Million | -- |