How many employees work at First Merchants?
First Merchants Corp. (Indiana) (FRME) has approximately 2,128 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. First Merchants’s total headcount has declined 0.9% from 2,149 employees in 2023 to 2,128 in 2026.
Is First Merchants hiring right now?
Yes, First Merchants is actively hiring. First Merchants had 189 active job postings in 2026, a 52.8% increase from 2025 — see job openings & hiring trends.
About First Merchants’s Workforce
First Merchants Corp. (Indiana) (FRME) is a Financial Services company that employs 2,128 people worldwide as of March 2026. It is the 9th-largest by headcount among its peers. Founded in 1982, the company is headquartered in Muncie, Indiana and trades on the NASDAQ.
First Merchants's workforce has declined 0.9% from 2023 to 2026, down 0.4% year over year in 2026. Its workforce is concentrated most in North America (93.5%), followed by Sub-Saharan Africa (2.8%) and South Asia (2.3%).
First Merchants's functional groups are Finance and Operations (56.0%), Sales and Marketing (22.2%), and Engineering (21.8%), with Sales and Marketing growing fastest (up 1.9%). The average salary is $74,119, ranging from a median of $59,000 in North America to $2,000 in South Asia, down 0.7% year over year in 2026.
First Merchants's active job postings rose 52.8% in 2026 to 189, with new postings per month cooling from 198 in 2023 to 135 in 2026. Overall employee sentiment is neutral but improving.
Sourced from Revelio Labs workforce data.
- Ticker
- NASDAQ: FRME
- Headquarters
- Muncie, Indiana
- Founded
- 1982
- Industry
- Financial Services
- Employees
- 2,128
- YoY
- -0.4% (+32)
As of March 2026
First Merchants workforce metrics
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for First Merchants. Compare to peers, export the dataset, and access the full quarterly history.
Unlock MetricsFirst Merchants Annual Employee Count (2023-2026)
- First Merchants had 2,128 employees in 2026, a 0.4% decline (+32) from 2025.
- First Merchants had 2,091 employees in 2025, a 0.4% decline (-18) from 2024.
- First Merchants had 2,109 employees in 2024, a 0% no change (-21) from 2023.
- First Merchants had 2,130 employees in 2023, a 0% no change (+6) from 2022.
First Merchants's total workforce has grown from 2,088 employees in 2025 to 2,128 in 2026. First Merchants's headcount peaked at 2,149 in 2023 before declining in 2025 and recovering through 2026.
First Merchants Corp. (Indiana) quarterly employee count
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 2,128 | +32 | -0.4% |
| 2025 | Q4 | 2,091 | -18 | -0.4% |
| 2025 | Q3 | 2,091 | -23 | +0.0% |
| 2025 | Q2 | 2,088 | -40 | -0.3% |
| 2025 | Q1 | 2,096 | -30 | -0.2% |
| 2024 | Q4 | 2,109 | -21 | -0.0% |
| 2024 | Q3 | 2,114 | -21 | -0.1% |
| 2024 | Q2 | 2,128 | -21 | -0.1% |
| 2024 | Q1 | 2,126 | -11 | +0.1% |
| 2023 | Q4 | 2,130 | +6 | +0.0% |
| 2023 | Q3 | 2,135 | +13 | -0.4% |
| 2023 | Q2 | 2,149 | +6 | -0.7% |
See First Merchants's complete headcount history, including quarterly breakdowns.
Get the DataFirst Merchants Employee Count by Region (2026)
North America accounts for the largest share of First Merchants's global workforce with approximately 94% of total employees, followed by Sub-Saharan Africa and South Asia.
First Merchants employees by region
| Region | Employees | % of Total |
|---|---|---|
| North America | 1,972 | 93.5% |
| Sub-Saharan Africa | 60 | 2.8% |
| South Asia | 49 | 2.3% |
| Northern Europe | 6 | 0.3% |
| South America | 5 | 0.2% |
| Western Europe | 4 | 0.2% |
| Southeast Asia | 4 | 0.2% |
| Eastern Europe | 3 | 0.1% |
| East Asia | 2 | 0.1% |
| Pacific Islands | 2 | 0.1% |
Drill into city-level data, hiring trends by region, and historic geographic shifts.
Unlock Geographic DataFirst Merchants Employee Count by Department (2026)
First Merchants's employee groups are Finance and Operations (56.0%), Sales and Marketing (22.2%), and Engineering (21.8%).
First Merchants employees by department
| Department | Employees | % of Total |
|---|---|---|
| Finance and Operations | 1,182 | 56.0% |
| Sales and Marketing | 468 | 22.2% |
| Engineering | 461 | 21.8% |
Compare First Merchants's department mix to industry peers.
See Full DataFirst Merchants Employee Salary by Region (2026)
First Merchants's average employee salary is $74,119 globally. Employees in North America receive the highest compensation. Pay is lowest in South Asia, at a median of $2,000.
First Merchants median employee salary by region (USD)
| Region | Median Salary |
|---|---|
| North America | $59,000 |
| Pacific Islands | $48,000 |
| Central and Western Asia | $39,000 |
| Southern Europe | $37,000 |
| Northern Europe | $34,000 |
| Western Europe | $32,000 |
| Eastern Europe | $29,000 |
| East Asia | $23,000 |
| South America | $11,000 |
| Southeast Asia | $7,000 |
| Sub-Saharan Africa | $5,000 |
| South Asia | $2,000 |
Unlock salary by role, level, and city — and compare to First Merchants's industry peers.
Unlock Salary DataFirst Merchants Job Openings and Hiring Trends (2023-2026)
- First Merchants had 189 active job postings in 2026, a 52.8% increase (+14) from 2025.
- First Merchants had 175 active job postings in 2025, a 15.4% increase (+25) from 2024.
- First Merchants had 150 active job postings in 2024, a 54.7% decline (-113) from 2023.
- First Merchants had 263 active job postings in 2023, a 11.5% decline from 2022.
- Hiring velocity in 2026: 135 new roles/month, up from 110 in 2025 and 150 in 2024.
First Merchants's active job postings rose 52.8% in 2026 to 189, with new postings per month cooling from 198 in 2023 to 135 in 2026.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Unlock Hiring DataFirst Merchants Employee Sentiment (2026)
Revelio Labs tracks employee sentiment across First Merchants's workforce based on public professional data. Overall sentiment is neutral and has improved year over year in 2026.
Overall
Unlock the full sentiment breakdown by department, tenure, and trend over time.
Unlock SentimentSimilar Companies
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Frequently Asked Questions About First Merchants
- How fast is First Merchants growing?
- In 2026, First Merchants's headcount shrank 0.4% to 2,128 employees, up from 2,096 in 2025.
- See the full headcount history
- Where are First Merchants employees located?
- Most First Merchants employees are based in North America (93.5% of headcount), followed by Sub-Saharan Africa and South Asia.
- Explore where the workforce is based
- What is the average salary at First Merchants?
- The average employee salary at First Merchants is approximately $74.1k per year.
- Analyze the salary distribution
- How many new job postings does First Merchants open per year?
- In Q1 2026, First Merchants opened 406 new job postings. In 2025, First Merchants opened 1,322 new job postings — about 110 per month.
- Track hiring trends by role
- When was First Merchants founded and where is it headquartered?
- First Merchants was founded in 1982 and is headquartered in Muncie, Indiana.
- Compare First Merchants to industry peers
Speak with a workforce expert about First Merchants.
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