How many employees does First Merchants Corporation have?

First Merchants Corporation reported 2,086 employees for the fiscal year ending Dec 2025, in the annual report it filed on February 25, 2026. That is down 1.6% from a year earlier.

What is First Merchants Corporation's revenue per employee?

First Merchants Corporation brought in $1.05B of revenue in fiscal Dec 2025, which is $503K per employee. That ranks 114 of 182 companies we track in Banks - Regional, where the median is $558K.

Where do these numbers come from?

Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

Company data

First Merchants Corporation employees and revenue per employee

FRME · Banks - Regional · $2.45B market cap

First Merchants Corporation had 2,086 employees at the end of fiscal Dec 2025, down 1.6% from a year earlier. Revenue for the year was $1.05B, down 0.3% from a year earlier, or $503K per employee. Revenue fell, and headcount fell or held flat with it.

Employees

2,086

-1.6% YoY

Revenue

$1.05B

-0.3% YoY

Revenue / employee

$503K

Peer median $558K

Rank in industry

114 of 182

Banks - Regional

Headcount against revenue

Both lines start at 100 in the first year we hold, so you can see which one grew faster.

EmployeesRevenueIndexed to 100 in Dec 2016

Hover a year for the numbers.

FRME employees and revenue by fiscal year
Year ending	Employees	Revenue	Per employee	Staff YoY	Revenue YoY
Dec 2025	2,086	$1.05B	$503K	-1.6%	-0.3%
Dec 2024	2,120	$1.05B	$497K	-1.9%	+5.4%
Dec 2023	2,162	$999M	$462K	+1.8%	+40.2%
Dec 2022	2,124	$713M	$336K	+16.6%	+28.2%
Dec 2021	1,821	$556M	$305K	-4.5%	-0.4%
Dec 2020	1,907	$558M	$293K	+0.8%	+1.1%
Dec 2019	1,891	$552M	$292K	+11.1%	+14.0%
Dec 2018	1,702	$484M	$285K	+1.1%	+25.5%
Dec 2017	1,684	$386M	$229K	+16.2%	+21.2%
Dec 2016	1,449	$319M	$220K	—	—

Open roles: we have not matched a verified job board for this company yet.

Employees, last six fiscal years

Revenue per employee, last six fiscal years

First Merchants Corporation against similar companies

The closest industry peers by revenue, from Banks - Regional.

Company	Employees	Revenue	Revenue / employee	Shape
SFBS ServisFirst Bancshares, Inc.	666	$1.02B	$1.53M	Hiring ahead
BOH Bank of Hawaii Corporation	1,877	$1.06B	$566K	Efficient growth
BUSE First Busey Corporation	1,914	$1.04B	$545K	Efficient growth
MCHB Mechanics Bank	1,971	$1.03B	$523K	Hiring ahead
FRME First Merchants Corporation	2,086	$1.05B	$503K	Contracting
IBOC International Bancshares Corporation	2,126	$1.05B	$496K	Hiring ahead
EBC Eastern Bankshares, Inc.	2,247	$1.06B	$471K	Hiring into decline
CBU Community Bank System, Inc.	2,853	$1.01B	$354K	Efficient growth
FIBK First Interstate BancSystem, Inc.	3,376	$1.06B	$313K	Contracting

Every Financial Services company

Questions about First Merchants Corporation

How many employees does First Merchants Corporation have?: First Merchants Corporation reported 2,086 employees for the fiscal year ending Dec 2025, in the annual report it filed on February 25, 2026. That is down 1.6% from a year earlier.
What is First Merchants Corporation's revenue per employee?: First Merchants Corporation brought in $1.05B of revenue in fiscal Dec 2025, which is $503K per employee. That ranks 114 of 182 companies we track in Banks - Regional, where the median is $558K.
Where do these numbers come from?: Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

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Source: employee counts and revenue as stated in First Merchants Corporation's annual reports (Form 10-K), latest filed February 25, 2026. This is data, not a recommendation to buy or sell FRME.