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First Merchants Corporation (FRME)

40.94 +0.28 (+0.69%)
As of 2:54:08 PM EDT. Market Open.
Trade FRME on Coinbase
Chart Range Bar
Loading chart for FRME
  • Previous Close 40.66
  • Open 41.14
  • Bid 29.81 x 200
  • Ask 52.62 x 200
  • Day's Range 40.87 - 41.51
  • 52 Week Range 34.66 - 45.33
  • Volume 221,384
  • Avg. Volume 432,490
  • Market Cap (intraday) 2.571B
  • Beta (5Y Monthly) 0.88
  • PE Ratio (TTM) 12.71
  • EPS (TTM) 3.22
  • Earnings Date Oct 21, 2026
  • Forward Dividend & Yield 1.48 (3.64%)
  • 1y Target Est 46.33
  • Zacks Rating Bearish

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products. It also provides personal and commercial wealth management services, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

www.firstmerchants.com

2,086

Full Time Employees

December 31

Fiscal Year Ends

Banks - Regional

Industry

Performance Overview

Trailing total returns as of 10/29/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

FRME
12.27%
S&P 500 (^GSPC)
12.48%

1-Year Return

FRME
19.21%
S&P 500 (^GSPC)
11.74%

3-Year Return

FRME
71.03%
S&P 500 (^GSPC)
87.01%

5-Year Return

FRME
18.25%
S&P 500 (^GSPC)
67.19%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 205.33M
Earnings 67.85M
Profit Margin 33.04%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
50M
100M
150M
200M
15.0%
20.0%
25.0%
30.0%

Analyst Insights

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Analyst Price Targets

45.00
46.33 Average
40.94 Current
48.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/6/2026
Analyst Raymond James
Rating Action Upgrade
Rating Outperform
Price Action Announces
Price Target 46

Statistics

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Valuation Measures

Annual
As of 10/27/2026
  • Market Cap

    2.55B

  • Enterprise Value

    --

  • Trailing P/E

    12.71

  • Forward P/E

    --

  • PEG Ratio (current)

    5.60

  • Price/Sales (ttm)

    3.44

  • Price/Book (mrq)

    0.98

  • Enterprise Value/Revenue

    --

  • Enterprise Value/EBITDA

    --

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    29.21%

  • Return on Assets (ttm)

    0.99%

  • Return on Equity (ttm)

    7.82%

  • Revenue (ttm)

    676.12M

  • Net Income Avi to Common (ttm)

    195.64M

  • Diluted EPS (ttm)

    3.22

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    349.1M

  • Total Debt/Equity (mrq)

    --

  • Levered Free Cash Flow (ttm)

    --

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Company Insights

Fair Value

40.94 Current

Dividend Score

0 Low
Sector Avg.
100 High

Hiring Score

0 Low
Sector Avg.
100 High

Insider Sentiment Score

0 Low
Sector Avg.
100 High

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