How many employees work at First Merchants?

First Merchants Corp. (Indiana) has 3,588 employees, according to Revelio Labs workforce intelligence data. The YoY growth rate is 1.0%.

Data source: Revelio Labs Coverage: Global workforce Latest update: September 2025

About First Merchants

First Merchants Corporation is the largest financial services holding company in Central Indiana, headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. First Merchants offers customers broad financial services throughout locations in Indiana, Ohio, Illinois and Michigan providing: • Commercial Banking (business) – checking, treasury management, card services, financing, loans, electronic banking, online and mobile banking. • Personal Banking (consumer) – checking, savings, CDs, mortgages, loans, IRAs, HSAs, online and mobile banking. • Private Wealth Advisors - trusts, investments, 401(k) plans, 403(b) plans, profit sharing plans, pension plans, cross-tested plans, cash balance plans, Flexible Spending Accounts, IRAs, SEP IRAs, and succession planning. First Merchants is committed to customers by: • Developing strong relationships. o As financial advisors – our professionals listen and provide solutions o The tenure of our professionals averages eight years, meaning you will enjoy continuity of service o We hire local professionals from the communities we serve • Customers benefit from local decision making. o Decisions are made faster o The process is streamlined, with each customer having a single point of contact. o Our financial professionals are empowered to develop tailored solutions. • The local communities we serve benefit from First Merchants’ involvement and support. Member FDIC, Equal Housing Lender. Investment Management solutions provided by First Merchants Private Wealth Advisors may not be FDIC insured, are not deposits of First Merchants Bank and may lose value. First Merchants and the shield logo are registered service marks of First Merchants Corporation.

As of September 2025

First Merchants
workforce metrics

Headcount

3.6k

Avg. Salary

$71k

Tenure

5.6yr

Growth Rate

1.0%

Hiring Rate

Attrition Rate

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Employee Headcount

Interactive chart of First Merchants annual worldwide employee count from 2023 to 2025.

  • First Merchants total number of employees in 2025 was 3,582.501, a 1.0% increase from 2024.
  • First Merchants total number of employees in 2024 was 3,518.879, a 0.4% decline from 2023.
  • First Merchants total number of employees in 2023 was 3,534.388, a 0.3% increase from 2022.

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Employee Geographic Breakdown

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Employee Role Breakdown

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Employee Compensation

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Active Job Postings

Interactive chart of First Merchants annual active job postings from 2023 to 2025.

  • First Merchants active job postings in 2025 was 465, a 15.1% decline from 2024.
  • First Merchants active job postings in 2024 was 518, a 29.9% decline from 2023.
  • First Merchants active job postings in 2023 was 700, a 40.6% decline from 2022.

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Employee Sentiment

Sentiment Topics

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