In the wake of the increase in Current Liabilities in the first quarter 2026, Quick Ratio fell to 0.35 above First Merchants Corp average.

Within Commercial Banks industry 63 other companies have achieved higher Quick Ratio than First Merchants in first quarter 2026. While Quick Ratio total ranking in the first quarter 2026 has deteriorated compared to the prior quarter from 2642 to 3856.

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FRME Quick Ratio	(Mar 31 2026) Q1	(Dec 31 2025) Q4	(Sep 30 2025) Q3	(Jun 30 2025) Q2	(Mar 31 2025) Q1
Y / Y Current Liabilities Change	-13.35 %	-37.26 %	96.46 %	-18.89 %	114.85 %
Y / Y Cash & cash equivalent Change	13.9 %	-3.95 %	3.97 %	-22.59 %	-14.33 %
Quick Ratio MRQ	0.35	0.52	0.26	0.38	0.27
FRME's Total Ranking	# 3856	# 2642	# 3190	# 1011	# 979
Seq. Current Liabilities Change	71.83 %	-52.33 %	57.38 %	-32.78 %	24.42 %
Seq. Cash & cash equivalent Change	16.55 %	-4.45 %	7.98 %	-5.28 %	-1.72 %

Quick Ratio first quarter 2026 Company Ranking
Within:	No.
Commercial Banks Industry	# 64
Financial Sector	# 832
Overall Market	# 3856

Quick Ratio Statistics
High	Average	Low
0.4	0.14	0.01
(Dec 31 2021)		(Jun 30 2025)

Financial Statements
First Merchants's Current Liabilities	$ 278 Millions	Visit FRME's Balance sheet
First Merchants's Cash & cash equivalent	$ 98 Millions	Visit FRME's Balance sheet
Source of FRME's Sales		Visit FRME's Sales by Geography

Cumulative First Merchants's Quick Ratio

FRME's Quick Ratio for the trailling 12 Months

FRME Quick Ratio	(Mar 31 2026) 12 Months	(Dec 31 2025) 12 Months	(Sep 30 2025) 12 Months	(Jun 30 2025) 12 Months	(Mar 31 2025) 12 Months
Y / Y Current Liabilities TTM Growth	-2.22 %	22.68 %	48.41 %	27.26 %	54.16 %
Y / Y Cash & cash equivalent TTM Growth	-3.28 %	-10.13 %	-14.85 %	-23.37 %	-18.67 %
Quick Ratio TTM	0.35	0.33	0.3	0.35	0.36
Total Ranking TTM	# 4004	# 0	# 0	# 0	# 0
Seq. Current Liabilities TTM Growth	-4.13 %	-8.48 %	17.23 %	-4.94 %	20.28 %
Seq. Cash & cash equivalent TTM Growth	3.52 %	-1.01 %	0.99 %	-6.54 %	-3.81 %

Quick ratio ranking by company, industry and sector >> Back to FRME Financial Strength Comparisons >> Go to Compare FRME Quick Ratio to its Competitors

On the trailing twelve months basis FRME Cash & cash equivalent increased by 13.9 % in Q1 2026 year on year, while Current Liabilities soared to $278 millions, this led to increase in in First Merchants's Quick Ratio to 0.35, above FRME average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Commercial Banks industry 65 other companies have achieved higher Quick Ratio than First Merchants. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the fourth quarter 2025 from 0 to 4004.

Explain Quick Ratio?
How much Cash & cash equivalents FRME�s has?
What are FRME�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Commercial Banks Industry	# 66
Financial Sector	# 651
Within the Market	# 4004

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.29	0.17	0.01
(Jun 30 2022)		(Dec 31 2025)

Companies with similar Quick Ratio in the quarter ending Mar 31 2026, within Commercial Banks Industry	Quick Ratio	Mar 31 2026 MRQ Cash & cash equivalent	Mar 31 2026 MRQ Current Liabilities
First Horizon Corp	0.79	$ 3,817.000 Millions	$ 4,834.000 Millions
Amerant Bancorp Inc	0.66	$ 70.710 Millions	$ 107.761 Millions
Patriot National Bancorp Inc	0.54	$ 5.187 Millions	$ 9.525 Millions
Wells Fargo and Company	0.53	$ 174,784.000 Millions	$ 332,912.000 Millions
Jpmorgan Chase and Co	0.51	$ 596,666.000 Millions	$ 1,164,317.000 Millions
Alerus Financial Corp	0.50	$ 130.584 Millions	$ 263.595 Millions
Valley National Bancorp	0.46	$ 362.073 Millions	$ 795.754 Millions
Pathward Financial Inc	0.42	$ 157.602 Millions	$ 376.518 Millions
Umb Financial Corp	0.40	$ 1,548.874 Millions	$ 3,860.670 Millions
Pnc Financial Services Group Inc	0.40	$ 5,646.000 Millions	$ 14,206.000 Millions
Citigroup inc	0.36	$ 617,098.000 Millions	$ 1,703,562.000 Millions
First Merchants Corp	0.35	$ 98.083 Millions	$ 278.348 Millions
First Bancorp Inc	0.30	$ 30.075 Millions	$ 100.296 Millions
Webster Financial Corporation	0.25	$ 353.234 Millions	$ 1,422.292 Millions
Truist Financial Corporation	0.24	$ 101,627.000 Millions	$ 431,522.000 Millions
Keycorp	0.19	$ 1,913.000 Millions	$ 9,984.000 Millions
Cullen	0.16	$ 679.105 Millions	$ 4,127.057 Millions
Burke and Herbert Financial Services Corp	0.10	$ 53.940 Millions	$ 525.000 Millions

Date modified: 2026-09-08T15:11:40+00:00

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