FRME (First Merchants) Total Liabilities: $18,400.0 Mil (As of Mar. 2026)


FRME First Merchants Corp FRME
61 GF Score
Price $43.68
GF Value $39.83
Valuation Fairly Valued
! 8 Warning Signs
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What is First Merchants Total Liabilities?

First Merchants FRME +0.71% 61 Total Liabilities is $18,400.0 Mil as of Mar. 2026. GuruFocus rates FRME with a GF Score™ of 61/100 and a GF Value™ of $39.83 (Fairly Valued). The stock has 8 warning signs investors should review.

First Merchants's Total Liabilities for the quarter that ended in Mar. 2026 was $18,400.0 Mil.

First Merchants's quarterly Total Liabilities increased from Sep. 2025 ($16,399.23 Mil) to Dec. 2025 ($16,558.43 Mil) and increased from Dec. 2025 ($16,558.43 Mil) to Mar. 2026 ($18,399.96 Mil).

First Merchants's annual Total Liabilities declined from Dec. 2023 ($16,158.17 Mil) to Dec. 2024 ($16,006.99 Mil) but then increased from Dec. 2024 ($16,006.99 Mil) to Dec. 2025 ($16,558.43 Mil).

First Merchants Total Liabilities Historical Data

* Premium members only.

The historical data trend for First Merchants's Total Liabilities 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.

First Merchants Total Liabilities Chart

First Merchants Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13,540.58 15,967.43 16,158.17 16,006.99 16,558.43

First Merchants Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16,107.57 16,244.83 16,399.23 16,558.43 18,399.96
FRME
61GF Score
First Merchants Corp FRME
Total Liabilities is just one metric. See GF Score™, valuation, warning signs, and more.
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First Merchants Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

First Merchants's Total Liabilities for the fiscal year that ended in Dec. 2025 is calculated as

Total Liabilities=Total Assets (A: Dec. 2025 )-Total Equity (A: Dec. 2025 )
=19025.101-2466.667
=16,558.4

First Merchants's Total Liabilities for the quarter that ended in Mar. 2026 is calculated as

Total Liabilities=Total Assets (Q: Mar. 2026 )-Total Equity (Q: Mar. 2026 )
=21072.521-2672.565
=18,400.0

* 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.

Frequently Asked Questions Learn more about Total Liabilities →
What does a Total Liabilities of $18,400.0 Mil mean?
First Merchants (FRME) has a Total Liabilities of $18,400.0 Mil as of Mar. 2026. The total amount of liabilities as recorded on a company's balance sheet. View historical data for First Merchants and its competitors.
Is First Merchants' Total Liabilities too high?
First Merchants' current Total Liabilities is $18,400.0 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 Liabilities compare to CUBI and TRMK?
First Merchants' Total Liabilities of $18,400.0 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 Liabilities for a Banks company?
A good Total Liabilities depends on the Banks industry context. However, Total Liabilities 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 Liabilities mean?
A high Total Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities as recorded on a company's balance sheet. View historical data for First Merchants and its competitors. First Merchants's current Total Liabilities is $18,400.0 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 Liabilities is $18,400.0 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 Liabilities calculated?
Total Liabilities is calculated from a company's financial statements. For First Merchants (FRME), the current Total Liabilities is $18,400.0 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 Liabilities: $18,400.0 Mil
  • GF Value™: $39.83 vs. price of $43.68 (9.7% above fair value)
  • GF Score™: 61/100 with 8 warning signs

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 Business Description

Address 200 East Jackson Street, P.O. BOX 792, Muncie, IN, USA, 47305-2814
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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Total Liabilities is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$43.68
Price
$39.83
GF Value