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First Merchants Bank

$10B-$250B Specialty: Commercial IN FDIC cert 4365

Muncie, IN

135 branches across IN · MI · OH · IL

135 banks in the $10B-$250B peer group nationally 4 in IN
View $10B-$250B leaderboard (IN) →

First Merchants Bank has 1 strength but faces 4 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Delinquency Rate 0.41% below tier average

Key Concerns

Areas that may need attention

  • - Return on Assets 0.62% below tier average
  • - Efficiency Ratio 19.78% above tier average
  • - Non-Interest Income / Assets 0.21% below tier average
  • - Net Interest Margin 0.39% below tier average
Get updates when First Merchants Bank releases new data →

Core Metrics

As of 2026-Q1

Metric Current vs Tier Tier Avg State Avg (IN) National Avg Tier Percentile
Total Assets ? $21.0B
+14.2% YoY +10.7% QoQ
-$26.3B $47.4B
-2.0% YoY
$2.5B
+12.1% YoY
$6.2B
+9.0% YoY
39%
Total Loans ? $15.5B
+20.4% YoY +13.5% QoQ
-$14.2B $29.6B
-0.4% YoY
$1.8B
+14.1% YoY
$3.2B
+10.7% YoY
47%
Total Deposits ? $16.5B
+13.8% YoY +7.7% QoQ
-$22.2B $38.7B
-1.6% YoY
$2.0B
+11.7% YoY
$4.8B
+8.0% YoY
38%
Return on Assets ? 0.66%
-46.9% YoY -47.5% QoQ
-0.62% 1.28%
+19.3% YoY
0.88%
-9.0% YoY
1.24%
+13.1% YoY
Bottom 8.9% in tier
Net Interest Margin ? 3.38%
+6.5% YoY +5.1% QoQ
-0.39% 3.77%
+5.6% YoY
3.62%
+8.1% YoY
3.89%
+5.7% YoY
42%
Efficiency Ratio ? 73.68%
+33.3% YoY +34.0% QoQ
+19.78% 53.90%
-4.0% YoY
103.85%
+48.1% YoY
66.84%
-3.8% YoY
Bottom 6.7% in tier
Delinquency Rate ? 0.61%
-9.7% YoY +11.8% QoQ
-0.41% 1.02%
-4.1% YoY
0.84%
+20.9% YoY
0.95%
+18.8% YoY
58%
Loan-to-Deposit Ratio ? 93.56%
+5.7% YoY +5.4% QoQ
+12.68% 80.88%
+2.0% YoY
80.90%
+0.8% YoY
76.69%
+0.9% YoY
22%
Non-Interest-Bearing Deposit Share ? 22.87%
+48.7% YoY +61.0% QoQ
+3.05% 19.82%
+0.3% YoY
17.23%
-0.8% YoY
22.01%
-1.1% YoY
53%
Nonperforming Asset Ratio ? 0.45%
-8.8% YoY +15.1% QoQ
-0.28% 0.73%
+4.0% YoY
0.62%
+28.0% YoY
0.66%
+19.3% YoY
58%
Tier 1 Capital Ratio ? 11.58%
-0.6% YoY -2.4% QoQ
-3.98% 15.56%
-0.1% YoY
16.21%
+1.8% YoY
17.06%
+0.8% YoY
Bottom 11.9% in tier
Non-Interest Income / Assets ? 0.01%
-93.0% YoY -98.3% QoQ
-0.21% 0.23%
+0.9% YoY
0.81%
-14.6% YoY
0.32%
+4.0% YoY
Bottom 3.7% in tier

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (0)

No matched concern signatures this quarter

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 135 peers in $10B-$250B

Top Strengths (0 metrics)

No strength rankings available

Top Weaknesses (5 metrics)

131
Non-Interest Income / Assets
revenue_mix
Value: 0.01%
Peer Median: 0.23%
#131 of 135 Bottom 3.7% in $10B-$250B
127
Efficiency Ratio
profitability
Value: 73.68%
Peer Median: 53.90%
#127 of 135 Bottom 6.7% in $10B-$250B
124
Return on Assets
profitability
Value: 0.66%
Peer Median: 1.28%
#124 of 135 Bottom 8.9% in $10B-$250B
120
Tier 1 Capital Ratio
capital
Value: 11.58%
Peer Median: 15.56%
#120 of 135 Bottom 11.9% in $10B-$250B
106
Loan-to-Deposit Ratio
liquidity
Value: 93.56%
Peer Median: 80.88%
#106 of 135 Bottom 22.2% in $10B-$250B
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