First Merchants Corp.
- FRME · Nasdaq
- National Commercial Banks
- Muncie, IN
- 2,086 employees
- CIK 0000712534
Updated from SEC filings through
Top things to know
Executives
- Mark Hardwick Chief Executive Officer 8-K, 2026-10-21
-
Michele Kawiecki Chief Financial Officer 4, 2026-08-04 - Stephan Fluhler Chief Information Officer 4, 2026-09-22
- Eva D. Scurlock Chief Risk Officer 4/A, 2026-08-12
-
Michael J. Stewart President 4, 2026-08-04 -
John Martin Chief Credit Officer 4, 2026-08-04
What leadership is saying
“First Merchants delivered strong third quarter results. Earnings per diluted share were $1.09, up 11 percent from the third quarter of last year, fully taxable equivalent net interest margin 1 rose 6 basis points to 3.44 percent, and deposit growth was solid”
Earnings press release (8-K Ex. 99.1), filed October 21, 2026
First Merchants Corp is a U.S. public company in national commercial banks (SIC 6021), headquartered in Muncie, IN. It trades as FRME on Nasdaq. Revenue was $925M in the fiscal year ending December 31, 2025, -2.4% from the year before. It reported about 2,086 employees. Mark Hardwick is Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $925M 10-K, 2026-02-25 | $948M 10-K, 2026-02-25 | $894M 10-K, 2026-02-25 | $605M 10-K, 2025-02-24 | $447M 10-K, 2024-02-29 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | Not on file | Not on file | Not on file | Not on file | Not on file |
| Net income | $226M 10-K, 2026-02-25 | $201M 10-K, 2026-02-25 | $224M 10-K, 2026-02-25 | $222M 10-K, 2025-02-24 | $206M 10-K, 2024-02-29 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Mark Hardwick Chief Executive Officer at First Merchants Corporation | Chief Executive Officer | 8-K, 2026-10-21 |
| Michele Kawiecki | Chief Financial Officer | 4, 2026-08-04 |
| Michele M. Kawiecki | Named in proxy bio: Executive Vice President and Chief Financial Officer | DEF 14A, 2026-04-03 |
| Stephan Fluhler | Chief Information Officer | 4, 2026-09-22 |
| Eva D. Scurlock Chief Risk Officer at First Merchants Bank | Chief Risk Officer | 4/A, 2026-08-12 |
| Michael J. Stewart | President | 4, 2026-08-04 |
| John Martin | Chief Credit Officer | 4, 2026-08-04 |
 Joseph C. Peterson | Chief Commercial Officer | 4, 2026-08-04 |
| Steven C. Harris | Chief Human Resources Officer | 4, 2026-08-04 |
| John J. Martin Executive Vice President at First Merchants | Named in proxy bio: Executive Vice President and Chief Credit Officer | DEF 14A, 2026-04-03 |
| Paul Fultz | Director | 8-K, 2026-05-19 |
| Clark C. Kellogg | Director | 10-K, 2026-02-25 |
| F. Howard Halderman | Director | 10-K, 2026-02-25 |
| Gary J. Lehman | Director | 10-K, 2026-02-25 |
| Jason R. Sondhi | Director | 10-K, 2026-02-25 |
| Jean L. Wojtowicz | Director | 10-K, 2026-02-25 |
What First Merchants Corp does
First Merchants Corporation (the “Corporation”) is a financial holding company headquartered in Muncie, Indiana and was organized in September 1982. The Corporation’s common stock is traded on the Nasdaq Global Select Market System under the symbol FRME. The Corporation has one full-service bank charter, First Merchants Bank, which opened for business in Muncie, Indiana in March 1893. The Bank also operates First Merchants Private Wealth Advisors (a division of First Merchants Bank). The Bank includes 111 banking locations in Indiana, Ohio, and Michigan.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 62.7 million (as of October 27, 2026) | 10-Q, October 30, 2026 |
|---|---|---|
| Public float | $2.2B (as of June 30, 2025) | 10-K, February 25, 2026 |
| Reportable segments | 1 (period ending September 30, 2026) | 10-Q, October 30, 2026 |
| Latest proxy statement | Meeting May 19, 2026 (filed April 3, 2026) | DEF 14A, April 3, 2026 |
| Auditor | Forvis Mazars, LLP (Indianapolis, IN) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| August 19, 2026 | Stephan Fluhler Chief Information Officer | Sale | 4,080 | $176K | Form 4, August 21, 2026 |
| June 12, 2026 | Larry W. Myers Director | Sale | 20,000 | $835K | Form 4, June 15, 2026 |
| May 5, 2026 | Larry W. Myers First Vice President | Sale | 0 | $16.621 | Form 4, May 22, 2026 |
| February 26, 2026 | Larry W. Myers First Vice President | Sale | 5,000 | $208K | Form 4, February 26, 2026 |
| February 11, 2026 | Stephan Fluhler Chief Information Officer | Sale | 4,161 | $175K | Form 4, February 12, 2026 |
| February 6, 2026 | Eva D. Scurlock Chief Risk Officer | Sale | 3,227 | $136K | Form 4, February 9, 2026 |
| November 4, 2025 | Stephan Fluhler Chief Information Officer | Sale | 5,689 | $202K | Form 4, November 4, 2025 |
Recent 8-K events
- 8-K filed 2026-10-21
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-10-15
- Item 8.01 Other events
- 8-K filed 2026-10-01
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 8.01 Other events
- 8-K filed 2026-09-25
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- 8-K filed 2026-09-24
- Item 1.01 Entry into a material definitive agreement
- Item 8.01 Other events
- 8-K filed 2026-08-14
- Item 8.01 Other events
- 8-K filed 2026-07-22
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-07-13
- Item 8.01 Other events
- 8-K filed 2026-07-02
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-06-24
- Item 8.01 Other events
Frequently asked questions about First Merchants Corp
- What does First Merchants Corp do?
- In its own words, from Item 1 of its 10-K: "First Merchants Corporation (the “Corporation”) is a financial holding company headquartered in Muncie, Indiana and was organized in September 1982. The Corporation’s common stock is traded on the Nasdaq Global Select Market System under the symbol FRME. The Corporation has one full-service bank charter, First Merchants Bank, which opened for business in Muncie, Indiana in March 1893. The Bank also operates First Merchants Private Wealth Advisors (a division of First Merchants Bank). The Bank includes 111 banking locations in Indiana, Ohio, and Michigan."
- What is First Merchants Corp's revenue?
- $925M for the fiscal year ending December 31, 2025, from its 10-K filed February 25, 2026.
- Is First Merchants Corp profitable?
- First Merchants Corp reported net income of $226M for the fiscal year ending December 31, 2025.
- How many employees does First Merchants Corp have?
- About 2,086 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of First Merchants Corp?
- Mark Hardwick, Chief Executive Officer, as named in a 8-K filed October 21, 2026.
- Who is the CFO of First Merchants Corp?
- Michele Kawiecki, Chief Financial Officer, as named in a 4 filed August 4, 2026.
- Where is First Merchants Corp headquartered?
- Muncie, IN.
- What is First Merchants Corp's stock ticker?
- FRME, FRMEP on Nasdaq.
- What industry is First Merchants Corp in?
- National Commercial Banks, SIC code 6021.
- What is First Merchants Corp's website?
- firstmerchants.com.
- When does First Merchants Corp report earnings next?
- January 20, 2027. Source: estimate_8k_pattern.
- Is First Merchants Corp a public company?
- Yes. First Merchants Corp files with the SEC under CIK 0000712534 and trades as FRME.
- Who audits First Merchants Corp?
- Forvis Mazars, LLP, Indianapolis, IN, as named in its latest annual report (10-K).
- How many shares of First Merchants Corp are outstanding?
- 62.7 million shares as of October 27, 2026, from its 10-Q filed October 30, 2026.
- What is First Merchants Corp's public float?
- $2.2B as of June 30, 2025, as reported on the cover of its 10-K filed February 25, 2026.
- How many business segments does First Merchants Corp report?
- 1 reportable segment for the period ending September 30, 2026, from its 10-Q filed October 30, 2026.
- When is First Merchants Corp's annual shareholder meeting?
- May 19, 2026, per its proxy statement (DEF 14A) filed April 3, 2026.
- Have First Merchants Corp insiders traded stock recently?
- Since November 4, 2025, officers and directors reported 7 open-market sales worth about $1.7M and 0 purchases on Forms 4 and 5. The most recent: Stephan Fluhler (Chief Information Officer) sold 4,080 shares on August 19, 2026.