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First Merchants Bank
Muncie, IN·FDIC Cert #4365·Charter: STATE·Est. 18930313.0·HC: FIRST MERCHANTS CORP
Total Assets
$19.0B
Q4 2025
Return on Assets
1.27%
-0.00%Peer avg: 1.15%
Equity / Assets
0.00%
Capital ratio
Efficiency Ratio
54.97%
Peer avg: 54.5%
CAMELS Profile
Capital, Asset Quality, Management, Earnings, Liquidity, Sensitivity
57
Fair
Income Decomposition
Waterfall — how net income is built
Key Ratios — 12-Quarter Trend
ROA
1.27%-0.00
ROE
9.95%-0.06
Efficiency
54.97%-0.02
Equity/Assets
0.00%+0.00
NPL Ratio
0.54%+0.04
Tier 1 Leverage
0.00%+0.00
Loan/Deposit
88.78%-1.15
Charge-offs
0.14%+0.01
Quarter-over-Quarter Changes
Heatmap — green = improving, red = deteriorating
| Ratio | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 |
|---|---|---|---|---|---|---|---|---|
| ROA | 1.1 | 1.0 | 1.1 | 1.2 | 1.3 | 1.3 | 1.3 | 1.3 |
| ROE | 9.1 | 8.3 | 8.6 | 9.3 | 9.9 | 10.0 | 10.0 | 9.9 |
| Efficiency | 59.6 | 56.8 | 56.0 | 53.9 | 55.3 | 54.9 | 55.0 | 55.0 |
| Equity/Assets | — | — | — | — | — | — | — | — |
| Tier 1 Lev. | — | — | — | — | — | — | — | — |
| NPL Ratio | 0.5 | 0.5 | 0.6 | 0.6 | 0.7 | 0.5 | 0.5 | 0.5 |
| Charge-offs | 0.1 | 0.7 | 0.5 | 0.4 | 0.2 | 0.1 | 0.1 | 0.1 |
| Loan/Deposit | 82.1 | 85.4 | 86.6 | 86.9 | 88.5 | 88.4 | 89.9 | 88.8 |
Balance Sheet
Total Assets$19.0B
Total Deposits$15.3B
Total Loans$13.6B
Total Equity$2.5B
Profitability
ROA1.27%
ROE9.95%
Efficiency Ratio54.97%
Net Income$235.9M
Risk & Asset Quality
NPL Ratio0.54%
Charge-off Rate0.14%
Loan/Deposit88.78%
Tier 1 LeverageN/A
Historical Trends
Balance Sheet ($B)
Assets, Deposits, Loans
Profitability Ratios
ROA, ROE (%)
Efficiency Ratio
Lower = more efficient
Asset Quality — NPL Ratio
Non-performing loans / total loans