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First Merchants (FRME) Debt to Equity: 2016-2024

Historic Debt to Equity for First Merchants (FRME) over the last 9 years, with Dec 2024 value amounting to $0.36.

  • 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.
  • Per First Merchants' latest filing, its Debt to Equity stood at $0.36 for FY2024, which was up 12.52% from $0.32 recorded in FY2023.
  • First Merchants' 5-year Debt to Equity high stood at $0.40 for FY2022, and its period low was $0.17 during FY2021.
  • In the last 3 years, First Merchants' Debt to Equity had a median value of $0.36 in 2024 and averaged $0.36.
  • Per our database at Business Quant, First Merchants' Debt to Equity soared by 131.76% in 2022 and then declined by 21.65% in 2023.
  • Yearly analysis of 5 years shows First Merchants' Debt to Equity stood at $0.21 in 2020, then decreased by 15.88% to $0.17 in 2021, then spiked by 131.76% to $0.40 in 2022, then decreased by 21.65% to $0.32 in 2023, then climbed by 12.52% to $0.36 in 2024.