First Merchants (FRME) Debt to Equity (2011 - 2026)
First Merchants posted quarterly Debt to Equity of $0.03 for Q1 2026, up 20.33% year-on-year from $0.03 in Q1 2025, and up 38.28% on a QoQ basis from $0.02 in Q4 2025.
First Merchants (FRME) has 16 years of Debt to Equity data on file, last reported 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.
- Across five years, Debt to Equity topped out at $0.34 in Q3 2022 and bottomed at $0.02 in Q4 2025.
- The 5-year median for Debt to Equity is $0.07 (2023), against an average of $0.11.
- The widest annual swing landed in 2024, when Debt to Equity tumbled 87.46%; it then soared 510.28% in 2025.
- A 5-year view of Debt to Equity shows it stood at $0.07 in 2022, then dropped by 5.89% to $0.07 in 2023, then retreated by 11.42% to $0.06 in 2024, then tumbled by 62.31% to $0.02 in 2025, then jumped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | - |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | 0.66 |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | - |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | 0.13 |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | 7.86 |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | 0.20 |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | 0.34 |
| 10 | First Merchants | 2.44 Bn | 2.44 Bn | -1.01 Mn | 0.03 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.03 |
| Dec 31, 2025 | 0.02 |
| Sep 30, 2025 | 0.33 |
| Jun 30, 2025 | 0.03 |
| Mar 31, 2025 | 0.03 |
| Dec 31, 2024 | 0.06 |
| Sep 30, 2024 | 0.05 |
| Jun 30, 2024 | 0.04 |
| Mar 31, 2024 | 0.05 |
| Dec 31, 2023 | 0.07 |
| Sep 30, 2023 | 0.07 |
| Jun 30, 2023 | 0.34 |
| Mar 31, 2023 | 0.07 |
| Dec 31, 2022 | 0.07 |
| Sep 30, 2022 | 0.34 |
| Jun 30, 2022 | 0.09 |
| Mar 31, 2022 | 0.09 |
| Dec 31, 2021 | 0.09 |
| Sep 30, 2021 | 0.10 |
| Jun 30, 2021 | 0.06 |
| Mar 31, 2021 | 0.20 |
| Dec 31, 2020 | 0.21 |
| Sep 30, 2020 | 0.10 |
| Jun 30, 2020 | 0.22 |
| Mar 31, 2020 | 0.27 |
| Dec 31, 2019 | 0.08 |
| Sep 30, 2019 | 0.08 |
| Jun 30, 2019 | 0.09 |
| Mar 31, 2019 | 0.08 |
| Dec 31, 2018 | 0.22 |
| Sep 30, 2018 | 0.09 |
| Jun 30, 2018 | 0.35 |
| Mar 31, 2018 | 0.11 |
| Dec 31, 2017 | 0.11 |
| Sep 30, 2017 | -31.25 |
| Jun 30, 2017 | 19.52 |
| Mar 31, 2017 | -214.91 |
| Dec 31, 2016 | 0.14 |
| Sep 30, 2016 | 75.69 |
| Jun 30, 2016 | -11.26 |
| Mar 31, 2016 | 15.68 |
| Dec 31, 2015 | 0.15 |
| Sep 30, 2015 | -65.82 |
| Jun 30, 2015 | -18.28 |
| Mar 31, 2015 | 8.80 |
| Dec 31, 2014 | 0.17 |
| Sep 30, 2014 | 0.19 |
| Jun 30, 2014 | 0.33 |
| Mar 31, 2014 | 0.26 |
| Dec 31, 2013 | 0.20 |
| Sep 30, 2013 | 0.24 |
| Jun 30, 2013 | 0.30 |
| Mar 31, 2013 | 0.21 |
| Dec 31, 2012 | 0.26 |
| Dec 31, 2011 | 0.30 |