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Working at First Merchants

Zippia score 4.5

Overview

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First Merchants overview

Industry
Bank Holding
Revenue
$556.0M
Headquarters
Muncie, IN
Employees
1,918
Founded in
1893
Website
Organization type
Public
CEO
Mark K. Hardwick
Social media
First Merchants Corporation is the largest financial services holding company located in Central Indiana. They provide their customers with broad financial services delivered locally by bankers who are known and trusted in their communities. They offer personal banking, business banking, mortgage lending, cash management services, wealth management and insurance.
The staff at First Merchants come from unusually diverse demographic backgrounds. The company is 56.3% female and 37.1% ethnic minorities. Despite its diversity in other areas, First Merchants employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Republican Party, at 69.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. First Merchants has great employee retention with staff members usually staying with the company for 5.5 years.The average employee at First Merchants makes $43,114 per year. Pay at First Merchants is significantly lower than some of its highest paying competitors, like Stifel Financial, Elavon, and Ipayment, Inc., which pay $78,156, $72,648, and $65,996, respectively.
Based in Indiana, First Merchants is a key player in the finance industry with 1,918 employees and an annual revenue of $556.0M.

First Merchants's mission statement

Solutions and personal service in pursuit of a secure financial future for our clients.

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The team at First Merchants

  • The key people at First Merchants is Mark K. Hardwick.
Key people
Mark K. Hardwick
The inside scoop
First Merchants Corporation is the largest financial holding company based in Central Indiana. This corporation has grown to include banks with more than 100 locations and a wealth management company since its organization in 1982. First Merchants remains true to their mission which is to deliver superior personalized financial solutions to consumer and closely held commercial clients in diverse community markets by providing sound advice and products that exceed customer expectations.

First Merchants rankings

First Merchants is ranked #4 on the Best Finance companies to work for in Indiana list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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First Merchants salaries

Average First Merchants salary
$43,114
yearly
$20.73 hourly
Updated March 14, 2024

Evaluate First Merchants' commitment to diversity and inclusion.

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First Merchants diversity

9.6
Diversity score
We calculated First Merchants’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of First Merchants’s workforce.
First Merchants diversity summary. Zippia estimates First Merchants's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated First Merchants's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of First Merchants's workforce.
  • First Merchants has 1,918 employees.
  • 56% of First Merchants employees are women, while 44% are men.
  • The most common ethnicity at First Merchants is White (63%).
  • 14% of First Merchants employees are Black or African American.
  • 13% of First Merchants employees are Hispanic or Latino.
  • The average employee at First Merchants makes $43,114 per year.
  • First Merchants employees are most likely to be members of the republican party.
  • Employees at First Merchants stay with the company for 5.5 years on average.

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First Merchants office locations

First Merchants is headquartered in Muncie, IN

First Merchants financial performance

10.0
Performance score

Highest paying First Merchants competitors

Compare First Merchants salaries to competitors, including Stifel Financial, Elavon, and Ipayment, Inc. Employees at Stifel Financial earn the highest average yearly salary of $78,156. The salaries at Elavon average $72,648 per year, and the salaries at Ipayment, Inc. come in at $65,996 per year.
RankCompanyAverage salaryJobs
1$78,1560
2$72,6480
3$65,9960
4$64,9360
5$62,7780
6$58,7140
7$58,0720
8$57,3090
9$53,9960
10$52,4950
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    Updated March 14, 2024

    Zippia gives an in-depth look into the details of First Merchants, including salaries, political affiliations, employee data, and more, in order to inform job seekers about First Merchants. The employee data is based on information from people who have self-reported their past or current employments at First Merchants. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by First Merchants. The data presented on this page does not represent the view of First Merchants and its employees or that of Zippia.

    First Merchants may also be known as or be related to FIRST MERCHANTS CORP, FMB, First Merchants and First Merchants Corporation.