First Merchants Corporation

NasdaqGS FRME

First Merchants Corporation Interest Coverage Ratio for the Trailing 12 Months (TTM) ending September 30, 2024

First Merchants Corporation Interest Coverage Ratio is NA for the Trailing 12 Months (TTM) ending September 30, 2024. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.

Key data

Date	Interest Coverage Ratio	Debt to Equity Ratio	Interest Expense To Sales	Inventory Turnover Ratio

NasdaqGS: FRME

First Merchants Corporation

CEO	Mr. Mark K. Hardwick
IPO Date	June 20, 1989
Location	United States
Headquarters	200 East Jackson Street
Employees	2,162
Sector	Finance
Industries Banking & Lending Investment Banking & Asset Management

Description

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

Key trends

Past 5 years