How many employees work at First Merchants?
First Merchants Corp. (Indiana) (FRME) has approximately 2,173 total employees worldwide as of December 2025, according to Revelio Labs workforce intelligence data. First Merchants's total headcount has declined 2.0% from 2,218 employees in 2023 to 2,173 in 2025.
Data source: Revelio LabsCoverage: Global workforce, 2023–2026Published June 2026
Is First Merchants hiring right now?
Yes, First Merchants is actively hiring. First Merchants had 175 active job postings in 2025, a 14.7% increase from 2024 — see job openings & hiring trends.
About First Merchants's Workforce
First Merchants Corp. (Indiana) (FRME) is a Financial Services company that employs 2,173 people worldwide as of December 2025. It is the 10th-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 2.0% from 2023 to 2025, down 0.5% year over year in 2025. It fell to a low of 2,166 in 2025 Q2 before recovering. Its workforce is concentrated most in the United States (92.7%), followed by India (2.5%) and Nigeria (2.2%), with Ukraine, its fastest-growing location.
First Merchants's largest functional groups are Finance and Operations (56.3%), Engineering (22.0%), and Sales and Marketing (21.7%). Median employee tenure is 5.3 years. The average salary is $73,423, ranging from a median of $61,000 in Northern America to $2,000 in Southern Asia.
First Merchants's active job postings rose 14.7% in 2025 to 175, with new postings per month cooling from 185 in 2023 to 110 in 2025. Overall employee sentiment is neutral but declining.
Sourced from Revelio Labs workforce data.
As of December 2025
First Merchants
workforce metrics
Headcount
2.2k
0.5% YoY
Avg. Salary
$73.4k
1.1% YoY
Tenure
5.3yr
0.1yr YoY
Growth Rate
-0.5%
1.2pts YoY
Hiring Rate
Attrition Rate
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.
- First Merchants had 2,173 employees in 2025, a 0.5% decline (-11) from 2024.
- First Merchants had 2,184 employees in 2024, a 1.7% decline (-38) from 2023.
- First Merchants had 2,222 employees in 2023, a 0.5% increase (+12) from 2022.
First Merchants's total workforce has grown from 2,166 employees in 2025 to 2,173 in 2025. First Merchants's headcount peaked at 2,241 in 2023 before declining in 2025 and recovering through 2025.
First Merchants Corp. (Indiana) — quarterly employee count (2023–2025)
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2025 | Q4 | 2,173 | -11 | -0.5% |
| 2025 | Q3 | 2,172 | -22 | -1.0% |
| 2025 | Q2 | 2,166 | -45 | -2.1% |
| 2025 | Q1 | 2,176 | -37 | -1.7% |
| 2024 | Q4 | 2,184 | -38 | -1.7% |
| 2024 | Q3 | 2,194 | -34 | -1.5% |
| 2024 | Q2 | 2,211 | -30 | -1.3% |
| 2024 | Q1 | 2,213 | -5 | -0.2% |
| 2023 | Q4 | 2,222 | +12 | +0.5% |
| 2023 | Q3 | 2,228 | +17 | +0.8% |
| 2023 | Q2 | 2,241 | +4 | +0.2% |
| 2023 | Q1 | 2,218 | +23 | +1.1% |
Want to see First Merchants's complete headcount history back to 2017, including quarterly breakdowns?
The United States accounts for the largest share of First Merchants's global workforce with approximately 93% of total employees, followed by India and Nigeria. First Merchants's headcount in Ukraine is growing fastest among its major locations, up 43.6% year over year in 2025.
First Merchants employees by country — 2025
| Country | Employees | % of Total | YoY % |
|---|---|---|---|
| United States | 2,001 | 92.7% | -0.6% |
| India | 54 | 2.5% | +0.0% |
| Nigeria | 47 | 2.2% | +4.9% |
| United Kingdom | 6 | 0.3% | -9.7% |
| Kenya | 5 | 0.2% | +0.0% |
| South Africa | 5 | 0.2% | +0.0% |
| Ukraine | 4 | 0.2% | +43.6% |
| Benin | 4 | 0.2% | +0.0% |
| Colombia | 2 | 0.1% | +0.0% |
| Hong Kong | 2 | 0.1% | +0.0% |
Drill into city-level data, hiring trends by region and historic geographic shifts
First Merchants's largest employee groups are Finance and Operations (56.3%), Engineering (22.0%), and Sales and Marketing (21.7%).
First Merchants employees by department — 2025
| Department | Employees | % of Total | YoY % |
|---|---|---|---|
| Finance and Operations | 1,211 | 56.3% | -0.2% |
| Engineering | 474 | 22.0% | -1.5% |
| Sales and Marketing | 468 | 21.7% | -0.1% |
Compare First Merchants's department mix to industry peers.
First Merchants's average employee salary is $73,423 globally. Employees in Northern America receive the highest compensation. Pay is lowest in Southern Asia, at a median of $2,000.
First Merchants median employee salary by region — 2025 (USD)
| Region | Median Salary |
|---|---|
| Northern America | $61,000 |
| Pacific Islands | $48,000 |
| Southern Europe | $36,000 |
| Northern Europe | $32,000 |
| Western Europe | $32,000 |
| Arab States | $26,000 |
| Eastern Asia | $23,000 |
| Eastern Europe | $20,000 |
| Southern America | $13,000 |
| South-Eastern Asia | $7,000 |
| Sub-Saharan Africa | $5,000 |
| Southern Asia | $2,000 |
Unlock salary by role, level, and city — and compare to First Merchants's industry peers.
- First Merchants had 175 active job postings in 2025, a 14.7% increase (+24) from 2024.
- First Merchants had 151 active job postings in 2024, a 54.1% decline (-112) from 2023.
- First Merchants had 263 active job postings in 2023, a 11.5% decline from 2022.
- Hiring velocity in 2025: 110 new roles/month, down from 150 in 2024 and 185 in 2023. New metric
First Merchants's active job postings rose 14.7% in 2025 to 175, with new postings per month cooling from 185 in 2023 to 110 in 2025.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Revelio Labs tracks employee sentiment across First Merchants's workforce based on public professional data. Overall sentiment is neutral and has declined year over year in 2025.
Overall
Unlock the full sentiment breakdown by department, tenure, and trend over time.
Similar Financial Services Companies by Employee Count
- How fast is First Merchants growing?
- In 2025, First Merchants's headcount shrank 0.5% to 2,173 employees, down from 2,184 in 2024.
- Where are First Merchants employees located?
- Most First Merchants employees are based in the United States (92.7% of headcount), followed by India and Nigeria.
- What is the average salary at First Merchants?
- The average employee salary at First Merchants is approximately $73.4k per year.
- How many people does First Merchants hire per year?
- In 2025, First Merchants opened roughly 1,320 new roles — about 110 per month.
- When was First Merchants founded and where is it headquartered?
- First Merchants was founded in 1982 and is headquartered in Muncie, Indiana.
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