First Merchants Corporation (FRME)

Solvency & Capital Structure

Total Debt

$1.60B

Net Debt

-$2.30B

First Merchants Corporation currently has $1.60B in total debt. Net debt is -$2.30B after cash offsets. This 'Net Cash' position indicates exceptional financial strength.

Financial Fundamentals

FRME • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	1.60	3.91	-2.30Net Cash	21.35	7.5%
2026-03-31	1.64	1.47	0.17	21.07	7.8%
2025-12-31	1.00	1.49	-0.49Net Cash	19.03	5.3%
2025-09-30	1.18	0.69	0.49	18.81	6.3%
2025-06-30	1.16	0.74	0.42	18.59	6.2%
2025-03-31	1.34	1.49	-0.15Net Cash	18.44	7.3%
2024-12-31	1.16	1.77	-0.61Net Cash	18.31	6.3%
2024-09-30	1.08	2.00	-0.92Net Cash	18.35	5.9%
2024-06-30	1.17	1.89	-0.72Net Cash	18.30	6.4%
2024-03-31	0.86	2.13	-1.27Net Cash	18.32	4.7%
2023-12-31	1.03	2.18	-1.15Net Cash	18.41	5.6%
2023-09-30	1.02	1.97	-0.95Net Cash	18.00	5.7%
2023-06-30	1.03	1.98	-0.95Net Cash	17.97	5.7%
2023-03-31	1.15	2.27	-1.12Net Cash	18.18	6.3%
2022-12-31	1.31	2.23	-0.91Net Cash	17.94	7.3%
2022-09-30	1.17	2.28	-1.11Net Cash	17.72	6.6%
2022-06-30	1.04	2.65	-1.61Net Cash	17.78	5.8%
2022-03-31	0.60	2.71	-2.11Net Cash	15.47	3.9%
2021-12-31	0.63	2.99	-2.35Net Cash	15.45	4.1%
2021-09-30	0.64	2.91	-2.28Net Cash	15.06	4.2%
2021-06-30	0.60	3.03	-2.43Net Cash	14.92	4.0%
2021-03-31	0.66	2.99	-2.32Net Cash	14.63	4.5%
2020-12-31	0.68	2.50	-1.82Net Cash	14.07	4.9%
2020-09-30	0.79	2.26	-1.48Net Cash	13.74	5.7%
2020-06-30	0.87	2.50	-1.63Net Cash	13.82	6.3%
2020-03-31	0.84	2.08	-1.24Net Cash	12.69	6.6%
2019-12-31	0.73	2.09	-1.35Net Cash	12.46	5.9%
2019-09-30	0.68	2.08	-1.39Net Cash	12.33	5.6%
2019-06-30	0.79	1.66	-0.86Net Cash	10.74	7.4%
2019-03-31	0.62	1.43	-0.82Net Cash	10.21	6.0%
2018-12-31	0.67	1.32	-0.65Net Cash	9.88	6.8%
2018-09-30	0.73	1.36	-0.63Net Cash	9.79	7.5%
2018-06-30	0.84	1.27	-0.43Net Cash	9.73	8.6%
2018-03-31	0.78	1.16	-0.38Net Cash	9.47	8.2%
2017-12-31	0.83	1.19	-0.36Net Cash	9.37	8.9%
2017-09-30	0.79	1.11	-0.32Net Cash	9.05	8.7%
2017-06-30	0.70	0.93	-0.23Net Cash	7.81	9.0%
2017-03-31	0.71	0.86	-0.15Net Cash	7.33	9.7%
2016-12-31	0.69	0.85	-0.16Net Cash	7.21	9.6%
2016-09-30	0.62	0.81	-0.19Net Cash	7.02	8.9%
2016-06-30	0.56	0.84	-0.28Net Cash	6.91	8.1%
2016-03-31	0.54	0.80	-0.26Net Cash	6.80	8.0%
2015-12-31	0.57	0.79	-0.22Net Cash	6.76	8.4%
2015-09-30	0.57	0.71	-0.14Net Cash	6.19	9.2%
2015-06-30	0.55	0.71	-0.16Net Cash	6.14	9.0%
2015-03-31	0.43	0.71	-0.28Net Cash	5.88	7.3%
2014-12-31	0.41	0.72	-0.30Net Cash	5.82	7.1%
2014-09-30	0.56	0.67	-0.10Net Cash	5.59	10.0%
2014-06-30	0.58	0.76	-0.18Net Cash	5.62	10.3%
2014-03-31	0.48	0.76	-0.27Net Cash	5.45	8.9%
2013-12-31	0.52	0.70	-0.18Net Cash	5.44	9.6%
2013-09-30	0.52	0.72	-0.19Net Cash	4.33	12.1%
2013-06-30	0.42	0.71	-0.29Net Cash	4.34	9.8%
2013-03-31	0.37	0.64	-0.28Net Cash	4.25	8.6%
2012-12-31	0.37	0.65	-0.29Net Cash	4.30	8.5%
2012-09-30	0.47	0.09	0.38	4.25	11.0%
2012-06-30	0.37	0.11	0.26	4.23	8.8%
2012-03-31	0.40	0.10	0.30	4.24	9.4%
2011-12-31	0.49	0.64	-0.16Net Cash	4.17	11.7%
2011-09-30	0.39	0.08	0.32	4.12	9.5%
2011-06-30	0.32	0.07	0.26	4.09	7.9%
2011-03-31	0.33	0.11	0.22	4.12	8.0%
2010-12-31	0.42	0.12	0.30	4.17	10.0%
2010-10-28	0.43	0.17	0.26	4.18	10.3%
2010-06-30	0.43	0.10	0.33	4.18	10.4%
2010-03-31	0.43	0.21	0.22	4.38	9.8%
2009-12-31	0.45	0.15	0.30	4.48	10.0%
2009-09-30	0.45	0.11	0.34	4.48	10.0%
2009-06-30	0.59	0.12	0.48	4.72	12.6%
2009-03-31	0.60	0.25	0.34	4.89	12.2%
2008-12-31	0.62	0.12	0.50	4.78	12.9%
2008-09-30	0.57	0.09	0.49	3.86	14.8%
2008-06-30	0.59	0.09	0.50	3.82	15.3%
2008-03-31	0.57	0.11	0.46	3.77	15.2%
2007-12-31	0.57	0.16	0.41	3.78	15.0%
2007-09-30	0.62	0.11	0.51	3.75	16.5%
2007-06-30	0.59	0.09	0.50	3.67	16.0%
2007-03-31	0.50	0.05	0.45	3.55	14.0%
2006-12-31	0.44	0.10	0.34	3.55	12.4%
2006-09-30	0.42	0.07	0.34	3.47	12.1%
2006-06-30	0.53	0.08	0.45	3.41	15.5%
2006-03-31	0.47	0.07	0.40	3.27	14.3%
2005-12-31	0.51	0.08	0.43	3.24	15.7%
2005-09-30	0.42	0.09	0.33	3.24	13.1%
2005-06-30	0.45	0.08	0.37	3.20	14.2%
2005-03-31	0.39	0.08	0.31	3.19	12.3%
2004-12-31	0.44	0.08	0.36	3.19	13.8%
2004-09-30	0.38	0.09	0.29	3.18	11.9%
2004-06-30	0.42	0.09	0.33	3.13	13.5%
2004-03-31	0.37	0.07	0.30	3.03	12.3%
2003-12-31	0.38	0.09	0.30	3.08	12.5%
2003-09-30	0.37	0.09	0.28	3.01	12.4%
2003-06-30	0.42	0.10	0.32	3.06	13.7%
2003-03-31	0.39	0.09	0.30	3.00	13.0%
2002-12-31	0.36	0.09	0.27	2.68	13.3%
2002-09-30	0.33	0.08	0.25	2.63	12.5%
2002-06-30	0.34	0.11	0.23	2.66	12.7%
2002-03-31	0.16	0.05	0.12	1.74	9.5%
2001-12-31	0.17	0.07	0.10	1.79	9.8%
2001-09-30	0.18	0.05	0.13	1.76	10.4%
2001-06-30	0.17	0.06	0.11	1.64	10.7%
2001-03-31	0.15	0.02	0.13	1.56	9.9%
2000-12-31	0.16	0.05	0.11	1.62	10.1%
2000-09-30	0.20	0.04	0.15	1.60	12.2%
2000-06-30	0.21	0.05	0.16	1.61	12.9%
2000-03-31	0.17	0.04	0.13	1.45	11.5%
1999-12-31	0.19	0.06	0.13	1.47	12.9%
1999-09-30	0.20	0.04	0.17	1.43	14.3%
1999-06-30	0.15	0.04	0.11	1.41	10.7%
1999-03-31	0.15	0.04	0.12	1.18	13.2%
1998-12-31	0.11	0.04	0.08	1.36	8.3%
1998-09-30	0.12	0.03	0.08	1.11	10.4%
1998-06-30	0.06	0.07	-0.01Net Cash	1.08	5.7%
1998-03-31	0.05	0.04	0.01	1.02	4.9%
1997-12-31	0.05	0.04	0.00	1.02	4.7%
1997-09-30	0.09	0.03	0.06	1.01	9.1%
1997-06-30	0.07	0.04	0.03	1.01	6.5%
1997-03-31	0.08	0.04	0.05	0.99	8.5%
1996-12-31	0.05	0.04	0.02	0.97	5.6%
1996-09-30	0.09	0.04	0.05	0.89	10.3%