With an income increase of 20.35% in the third quarter 2026, year on year to cumulative value of $198 million, and with 2,086 employees, First Merchants's income per employee grew on trailing twelve month basis to $ 94,686. The income per employee at First Merchants' was above the company average. The Financial sector has seen employees of 56 other companies achieving higher income per employee. While First Merchants's total ranking has deteriorated compared to the previous quarter from 742 to 984.
In a notable shift within the banking landscape of Illinois, Old Second National Bank has acquired five branches from First Merchants Bank. This strategic move positions Old Second to strengthen its footprint in a competitive market, signaling potential growth opportunities, particularly in the Chicago metropolitan area. While mergers and acquisitions are often seen as growth signals, this transaction comes at a time of challenges for First Merchants Bank. Recent financial performance metrics reveal troubling trends, notably a decrease in income per employee. In the second quarter of 2024, First Merchants reported an income per employee of $122,113, which significantly lags behind its average of $89,202. This marks a concerning downturn given that employees across 30 other firms in the commercial banking sector are generating higher income figures.
Companies with similar Income per Employee for 12 month ending Sep 30 2026, within Financial Sector
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