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First Merchants (FRME) Debt to Equity: 2016-2025

Historic Debt to Equity for First Merchants (FRME) over the last 10 years, with Sep 2025 value amounting to $0.33.

  • First Merchants' Debt to Equity fell 8.46% to $0.33 in Q3 2025 from the same period last year, while for Sep 2025 it was $0.33, marking a year-over-year decrease of 8.46%. This contributed to the annual value of $0.36 for FY2024, which is 12.52% up from last year.
  • As of Q3 2025, First Merchants' Debt to Equity stood at $0.33, which was down 13.51% from $0.38 recorded in Q2 2025.
  • Over the past 5 years, First Merchants' Debt to Equity peaked at $0.42 during Q1 2025, and registered a low of $0.17 during Q1 2022.
  • Its 3-year average for Debt to Equity is $0.35, with a median of $0.36 in 2024.
  • As far as peak fluctuations go, First Merchants' Debt to Equity surged by 131.76% in 2022, and later declined by 29.02% in 2024.
  • Over the past 5 years, First Merchants' Debt to Equity (Quarterly) stood at $0.17 in 2021, then spiked by 131.76% to $0.40 in 2022, then fell by 21.65% to $0.32 in 2023, then climbed by 12.52% to $0.36 in 2024, then decreased by 8.46% to $0.33 in 2025.
  • Its Debt to Equity stands at $0.33 for Q3 2025, versus $0.38 for Q2 2025 and $0.42 for Q1 2025.