First Merchants (FRME) Debt to Equity (2011 - 2026)

First Merchants has reported Debt to Equity for 16 years, with the latest figure at $0.03 in Q1 2026.

• For the quarter ending Q1 2026, Debt to Equity rose 20.33% year-over-year to $0.03; the trailing twelve-month figure through Mar 2026 stood at $0.03 (up 20.33% YoY), and the FY2025 full-year result was $0.02, down 62.31% from the prior year.
• Debt to Equity for Q1 2026 stood at $0.03, up from $0.02 in the prior quarter.
• The five-year high for Debt to Equity was $0.34 in Q3 2022, with the low at $0.02 in Q4 2025.
• Historically, Debt to Equity has averaged $0.11 across 5 years, with a median of $0.07 in 2023.
• Annual changes were most pronounced in 2024 — Debt to Equity sank 87.46% — and 2025, when it soared 510.28%.
• First Merchants' Debt to Equity stood at $0.07 in 2022, then slipped by 5.89% to $0.07 in 2023, then fell by 11.42% to $0.06 in 2024, then plunged by 62.31% to $0.02 in 2025, then soared by 38.28% to $0.03 in 2026.
• The last three Debt to Equity figures came in at $0.03 (Q1 2026), $0.02 (Q4 2025), and $0.33 (Q3 2025), per Business Quant data.