First Merchants's Total Assets for the quarter that ended in Mar. 2026 was $21,072.5 Mil.
Warning Sign:
If a company builds assets at 10% a year, faster than its revenue growth rate of 4.4% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, First Merchants's average Total Assets Growth Rate was 16.00% per year.
During the past 3 years, the average Total Assets Growth Rate was 5.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 10.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 12.70% per year.
During the past 13 years, First Merchants's highest 3-Year average Total Assets Growth Rate was 27.60%. The lowest was -8.90%. And the median was 12.10%.
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
First Merchants's Asset Turnover for the quarter that ended in Mar. 2026 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
First Merchants Total Assets Related Terms
First Merchants Total Assets Historical Data
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The historical data trend for First Merchants's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
First Merchants's Total Assets for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Merchants (FRME) has a Total Assets of $21,072.5 Mil as of Mar. 2026. The total amount of assets as recorded on a company's balance sheet. View historical data on First Merchants and its competitors.
Is First Merchants' Total Assets too high?
First Merchants' current Total Assets is $21,072.5 Mil. Overall, First Merchants has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Merchants' Total Assets compare to CUBI and TRMK?
First Merchants' Total Assets of $21,072.5 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Banks company?
A good Total Assets depends on the Banks industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on First Merchants and its competitors. First Merchants's current Total Assets is $21,072.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Merchants stock overvalued right now?
Based on GuruFocus' analysis, First Merchants (FRME) is currently considered Fairly Valued. The stock's GF Value™ is $39.83, compared to a current price of $43.68 — trading 9.7% above its estimated fair value. The current Total Assets is $21,072.5 Mil. First Merchants' overall GF Score™ is 61/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For First Merchants (FRME), the current Total Assets is $21,072.5 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Merchants (FRME) Overvalued in 2026?
Based on GuruFocus' analysis, First Merchants stock appears to be overvalued.
The current stock price of $43.68 is trading 9.7% above its estimated GF Value™ of $39.83.
GuruFocus considers First Merchants to be Fairly Valued.
Key valuation signals for FRME:
Total Assets: $21,072.5 Mil
GF Value™: $39.83 vs. price of $43.68 (9.7% above fair value)
No single metric tells the full story. See the FRME stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment, which is community banking.
61GF Score
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