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First Merchants is a bank holding company for First Merchants Bank. The Bank also operates Lafayette Bank and Trust, and First Merchants Private Wealth Advisors. Through the Bank, First Merchants offers a range of financial services, including accepting time deposits, savings and demand deposits; making consumer, commercial and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services, and providing other corporate services, letters of credit and repurchase agreements.

HQMuncie, US
Employee Ratings3.2

Latest Updates

Employees (est.) (Dec 2018)1,702(+2%)
Job Openings133
Revenue (FY, 2018)$76.5 M(+8%)
Share Price (Dec 2019)$40.3

Key People/Management at First Merchants

Michael C. Rechin

Michael C. Rechin

President and Chief Executive Officer
Mark K. Hardwick

Mark K. Hardwick

Executive Vice President, Chief Financial Officer and Chief Operating Officer
Michael J. Stewart

Michael J. Stewart

Executive Vice President and Chief Banking Officer
Stephan H. Fluhler

Stephan H. Fluhler

Senior Vice President and Chief Information Officer
Michele M. Kawiecki

Michele M. Kawiecki

Senior Vice President and Director of Finance
Jeffrey B. Lorentson

Jeffrey B. Lorentson

Senior Vice President and Chief Risk Officer
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First Merchants Office Locations

First Merchants has an office in Muncie
Muncie, US (HQ)
200 E Jackson St
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First Merchants Financials and Metrics

First Merchants Revenue

First Merchants's revenue was reported to be $76.46 m in FY, 2018

Revenue (Q3, 2019)


Net income (Q3, 2019)


Market capitalization (6-Dec-2019)


Closing stock price (6-Dec-2019)


Cash (30-Sept-2019)



First Merchants's current market capitalization is $2.2 b.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018



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USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

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USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

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17.6 x


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Financial Leverage

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First Merchants Operating Metrics

First Merchants's Total Loans was reported to be $5.6b in Q2, 2017.
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First Merchants Online and Social Media Presence

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First Merchants News and Updates

First Merchants Corporation Announces Third Quarter 2019 Results With the Addition of Monroe Bank and Trust

MUNCIE, Ind., Oct. 24, 2019 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) has reported third quarter 2019 net income of $36.8 million compared to $41.1 million during the same period in 2018.  Earnings per share for the period totaled $.71 per share compared to third quarter 2018…

First Merchants Corporation Announces Revised Record Date for September Dividend Payment

MUNCIE, Ind., Aug. 20, 2019 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) announced today that the record date for its previously declared third quarter dividend will change from September 6, 2019 to August 31, 2019. The declared cash dividend of $0.26 per share remains unchanged …

First Merchants Corporation Elects Clark Kellogg to Its Board of Directors

MUNCIE, Ind., Aug. 08, 2019 (GLOBE NEWSWIRE) -- First Merchants Corporation, an $11.0 billion financial holding company, has elected Clark Kellogg to the Boards of Directors of First Merchants Corporation and First Merchants Bank. Kellogg, a national media personality best known for his work as th…

First Merchants Corporation to Report Second Quarter 2019 Financial Results, Host Conference Call and Webcast

MUNCIE, Ind., July 05, 2019 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report second quarter 2019 financial results on July 25, 2019.  The Corporation will host a second quarter 2019 earnings conference call and webcast at 2:30 p.m. (ET) on Thursday, July 25, 2019.  To part…

First Merchants and FHCCI announce major effort to expand lending opportunities for majority-black neighborhoods in Marion County

Strategy includes new banking center, loan subsidies, and grant funding to local CDCs Strategy includes new banking center, loan subsidies, and grant funding to local CDCs

First Merchants announces settlement agreement, next steps to finalize acquisition of MBT Financial Corp.

MUNCIE, Ind., June 13, 2019 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME), the holding company for First Merchants Bank, announced today a settlement agreement with the United States Department of Justice (DOJ) to address issues raised relative to the Equal Credit Opportunity Act…
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First Merchants Blogs

FMB Team Members participate in the United Way Day of Action

First Merchants Bank understands the importance of building and supporting our local communities through volunteerism. In September, First Merchants team members participated in the United Way Day of Action by serving at Ross Community Center. Our team of 14 spent the day painting, cleaning, organiz…

Payment Card Data Breach at Focus Brands

It has come to our attention that there has been a merchandising payment system data breach that occurred at several Focus Brands’ restaurants between April and July 2019. This payment breach could impact debit and credit cards used for payment processing while dining at the affected restaurants, in…

First Merchants Finalizes its Merger with Monroe Bank & Trust

First Merchants, Monroe Bank & Trust Finalize Merger Companies execute legal close following regulatory approvals in August MUNCIE, Ind. – First Merchants Corporation (NASDAQ: FRME) and MBT Financial Corporation (NASDAQ: MBTF) have finalized a merger of the two companies. Following regulatory ap…

Ways to protect your business again fraud.

According to the 2019 AFP - Payments Fraud and Control survey report: 80% of organizations experienced Business Email Compromise (BEC) 54% of organizations reported financial losses as a result of BEC 70% of BEC scams targeted checks, followed by wires at 43% Business Email Compromise occurs when a…

FMB Serves Community Day at the YWCA of Central Indiana

In April, team members from the Muncie East Region participated in a FMB Serves Community Day at the YWCA of Central Indiana. The YWCA Central Indiana provides services to women and children including food, clothing, Emergency Shelter and Second Phase Housing.The team spent the day washing and paint…

First Merchants named one of the Best Places to Work in Indiana, Ohio and Illinois

First Merchants named one of the Best Places to Work in Indiana, Ohio and Illinois First Merchants Bank has been recognized as a company that represents the gold standard for creating a successful culture in which employees can thrive.  Categories for Best Places to Work are comprised of various fac…
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First Merchants Frequently Asked Questions

  • When was First Merchants founded?

    First Merchants was founded in 1982.

  • Who are First Merchants key executives?

    First Merchants's key executives are Michael C. Rechin, Mark K. Hardwick and Michael J. Stewart.

  • How many employees does First Merchants have?

    First Merchants has 1,702 employees.

  • What is First Merchants revenue?

    Latest First Merchants annual revenue is $76.5 m.

  • What is First Merchants revenue per employee?

    Latest First Merchants revenue per employee is $44.9 k.

  • Who are First Merchants competitors?

    Competitors of First Merchants include Unicaja, CaixaBank and Middlefield Banc Corp..

  • Where is First Merchants headquarters?

    First Merchants headquarters is located at 200 E Jackson St, Muncie.

  • Where are First Merchants offices?

    First Merchants has an office in Muncie.

  • How many offices does First Merchants have?

    First Merchants has 1 office.