First Merchants (FRME) CEO pay: $2.3M actually paid in FY2025
$FRME · FIRST MERCHANTS CORPData through FY2025 — latest proxy filed 2026-04-03, checked for new filings 2026-08-21. Every number links to its source.
0.6× the tracked-company median CEO pay ($3.9M).
Pay vs. Performance (Compensation Actually Paid)
What the CEO was actually paid, by fiscal year
What $100 invested was worth, company vs peer group
Pay-vs-Performance table
| FY | CEO pay on paper | CEO pay actually earned | Other top execs (avg) | Value of $100 invested since FY2020 | Same, peer group since FY2020 | Net income |
|---|---|---|---|---|---|---|
| 2025 | $2.4M | $2.3M | $1.2M | $119.34 | $152.71 | — |
| 2024 | $2.1M | $2.2M | $1.3M | $113.97 | $130.40 | $201.4M |
| 2023 | $1.8M | $1.7M | $890,903 | $101.92 | $115.64 | $223.8M |
| 2022 | $1.9M | $1.8M | $1.0M | $108.22 | $116.10 | $222.1M |
| 2021 | $1.5M | $1.6M | $1.1M | $107.02 | $124.74 | $205.5M |
| 2020 | $1.4M | $1.2M | $523,527 | $93.07 | $91.29 | $148.6M |
Frequently asked
How much did the FRME CEO make in 2025?
$2,252,292 in Compensation Actually Paid (CAP) as FIRST MERCHANTS CORP's CEO (the filing reports this year's PEO pay without tagging which named executive it belongs to), updated 2026-04-03.
What is pay vs. performance (PvP)?
An SEC disclosure (Item 402(v), required since FY2022) linking named-executive pay to company total shareholder return (TSR) over up to 5 years.
What is Compensation Actually Paid (CAP)?
CAP starts from the Summary Compensation Table total and adjusts equity awards to fair value as of each year-end/vesting date, rather than grant-date value — see the glossary entry for the full walk-through.
Also on FRME: SEC & DOJ enforcement actions · CEO track-record ranking · Glossary