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First Merchants Corporation FRME R2KR3KFINANCIAL

Financial Services · Banks - Regional · United States
https://www.firstmerchants.com
Company Profile ↓
$40.68
+2.35% 1Y
Mkt Cap$2.55B
P/E13.08
P/B0.91
Div. Yield3.74%
52W High$44.83
52W Low$33.72
Book Value$42.95
EPS (TTM)$3.11

Company Overview

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.

Why Investors Should Care

Reasonable Valuation

Trades at a P/E of 13.1, below the sector median of 13.6.

Healthy Margins

Maintains a net profit margin of 29.0%.

Dividend Income

Offers a dividend yield of 3.74%.

Recent Developments

  • Trailing 12 Months Year-on-year growth — revenue +2.8%, earnings -28.7%.
  • 5-Year Trend Long-term compounding — profit CAGR 8.8%.

Growth & Price Performance

Compounded Sales Growth

5 Years:-
1 Year:2.80%

Compounded Profit Growth

5 Years:8.75%
1 Year:-28.70%

Stock Price Performance

1 Year:+2.35%
6 Months:+4.63%
3 Months:-3.82%
1 Month:+0.47%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Mixed
52-Week Range 63% of range
$33.72 $44.83
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMAAbove
  • RSI (14)56.03 · Neutral
Price Performance
1M+0.47%
3M-3.82%
6M+4.63%
1Y+2.35%
Valuation vs Sector

P/E of 13.08 is below the sector median of 13.55 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Excellent profit margin of 29.0%.
  • Attractive dividend yield of 3.74%.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
13.08
Industry PE
13.55
Forward P/E
9.10
PEG Ratio
1.40
Book Value
$42.95
Price to Book
0.91
P/S
3.81
EV/EBITDA
-
Dividend Yield
3.74%

Growth (CAGR)

Revenue 5Y
-
Profit 5Y
8.75%
Revenue (YoY)
2.80%
Earnings (YoY)
-28.70%

Profitability & Returns

ROCE
-
ROE
7.37%
ROA
0.93%
Profit Margin
28.96%
Op Margin
34.27%
Gross Margin
0.00%
EPS (Latest Qtr)
$0.45
EPS (TTM)
$3.11

Balance Sheet & Liquidity

Debt/Equity
-
Quick Ratio
-
Current Ratio
-
Debt
$1.65B
Total Assets
$21.07B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
2.10%
Chg in Prom Hold
0.01%
FII / Inst Holding
75.56%
Chg in FII Hold
-0.73%

Financial Snapshot

Enterprise Value
$2.55B
Total Revenue (TTM)
$642.19M
EBITDA
-
Free Cash Flow
-
Operating Cash Flow
$314.90M
Shares Outstanding
62.80M
Gross Margin
0.00%
Payout Ratio
46.62%

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 FRME First Merchants Corporation R2KR3KFINANCIAL 40.68 13.08 $2.55B 3.74% - 7.37% - 8.75%
2 JPM JPMorgan Chase & Co. SPXR3KFINANCIAL 331.58 14.21 $881.40B 1.72% - 17.79% 12.50% 14.83%
3 BRK-B Berkshire Hathaway Inc. SPXFINANCIAL 542.19 13.64 $763.42B 0.00% - 12.12% 4.18% 9.44%
4 V Visa Inc. SPXR3KFINANCIAL 407.92 34.69 $695.14B 0.72% 37.15% 61.19% 14.33% 13.04%
5 MA Mastercard Incorporated SPXR3KFINANCIAL 623.60 34.34 $542.20B 0.62% 60.19% - 12.29% 19.21%
6 BRK-A Berkshire Hathaway Inc. FINANCIAL 813,595.00 13.64 $397.40B 0.00% - 12.12% 7.60% 10.02%
7 BAC Bank of America Corporation SPXR3KFINANCIAL 50.56 11.68 $353.55B 2.39% - 11.20% 3.14% 4.27%
8 HSBC HSBC Holdings plc FINANCIAL 90.68 12.95 $310.38B 3.65% - 13.10% 9.75% 12.72%
9 MS Morgan Stanley SPXR3KFINANCIAL 179.49 14.51 $281.90B 2.26% - 17.97% 3.76% 9.66%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Mar 2026
Net Income 16.17M17.97M17.07M14.18M17.69M20.01M21.06M22.29M23.19M24.14M24.36M24.38M36.68M39.63M41.11M41.71M38.82M41.06M36.76M47.83M34.26M32.99M36.21M45.13M49.47M55.56M52.77M48.59M38.99M63.75M64.08M60.86M56.37M47.94M39.92M49.19M55.34M56.83M56.77M28.16M
Diluted EPS 0.430.470.450.370.430.490.510.550.560.570.500.490.740.800.830.850.780.830.710.870.620.620.670.830.911.030.980.910.631.081.071.020.940.800.680.840.940.980.980.45

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Net Income -40.76M6.91M25.25M45.12M44.53M60.16M65.38M81.05M96.07M159.14M164.46M148.60M205.53M222.09M223.79M201.40M226.00M
Diluted EPS -2.170.480.341.411.411.651.721.982.123.223.192.743.813.813.733.413.88

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --4.17B4.17B4.30B5.44B5.82B6.76B7.21B9.37B9.88B12.46B14.07B15.45B18.00B18.41B18.31B19.03B
Total Equity 395.90M463.79M454.41M514.47M552.24M634.92M726.83M850.51M901.66M1.30B1.41B1.79B1.88B1.91B2.03B2.25B2.30B2.47B
Cash & Equivalents -179.15M58.31M73.31M101.46M109.43M118.62M102.17M127.93M154.91M139.25M177.20M------
Total Liabilities --3.72B3.66B3.75B4.80B5.10B5.91B6.31B8.06B8.48B10.67B12.19B13.54B15.97B16.16B16.01B16.56B

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 17.61M81.05M85.48M70.27M183.13M75.84M56.66M103.72M126.50M180.24M176.73M203.83M215.34M284.29M258.83M266.21M283.65M
Investing Cash Flow 258.49M109.85M-28.16M11.89M-138.16M-125.99M-340.39M-448.70M-635.33M-575.58M-1.01B-1.55B-1.48B-462.69M-344.43M-252.42M-773.82M
Financing Cash Flow -247.44M-311.74M-42.32M-54.01M-36.99M59.33M267.29M370.74M535.81M379.68M867.63M1.36B1.24B133.84M75.65M-38.82M486.72M
Share Buybacks 193.00K76.00K126.00K235.00K491.00K1.07M1.64M1.98M0019.04M55.91M25.44M0056.17M46.89M

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -----------------
Operating Margin % -----------------
Net Margin % -----------------
ROE % -8.8%1.5%4.9%8.2%7.0%8.3%7.7%9.0%7.4%11.3%9.2%7.9%10.7%10.9%10.0%8.7%9.2%
ROCE % -----------------

Shareholding Pattern

Insiders
2.10%
Institutions
75.56%
Public Float
77.18%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 8.48% 5.32M $207.66M
2 Dimensional Fund Advisors LP 5.88% 3.69M $143.90M
3 Vanguard Portfolio Management LLC 5.42% 3.40M $132.71M
4 Vanguard Capital Management LLC 4.33% 2.72M $106.11M
5 State Street Corporation 4.06% 2.55M $99.50M
6 Earnest Partners LLC 3.46% 2.17M $84.79M
7 Geode Capital Management, LLC 2.66% 1.67M $65.17M
8 Nuveen, LLC 1.69% 1.06M $41.30M
9 Victory Capital Management Inc. 1.66% 1.04M $40.67M
10 Systematic Financial Management, L.P. 1.35% 850.40K $33.17M

Analyst View

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Latest News

Recent headlines for FRME

Google News Fri, 23 Oct 2026

First Merchants (FRME) Shares Just Moved, So What Is Driving Attention Today? - Yahoo Finance

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Google News Fri, 23 Oct 2026

First Merchants Corporation Estimates – NASDAQ:FRME - TradingView

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Google News Fri, 23 Oct 2026

Earnings Beat Could Be A Catalyst For First Merchants Stock (FRME) - Yahoo Finance

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Google News Fri, 23 Oct 2026

First Merchants (FRME) Stock Can Q3 Earnings Sustain Margin Momentum - Simply Wall Street

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Google News Wed, 21 Oct 2026

Quarterly profit at First Merchants reached $67.8 million. Its CEO plans to retire at year-end. - Stock Titan

<a href="https://news.google.com/rss/articles/CBMisAFBVV95cUxOWjVLd1BueHNNOHNqSmpVRWFJcWRoTktJS0l5Nk1YZEUxa243N3BjTUtJZ3k4em1mNGFFa1d4NkFOSnN1SmQ4QXY1b3RneG0zTjZoamZ5UHFYd2F1VzdaSnNKOG4xbVp1ZEVoRTBWOThqMWIyRF9haWJaejQ2Z24wM3FTeTM3MExYZ0lkWT…

Google News Fri, 23 Oct 2026

First Merchants (FRME) Q3 Earnings Lift Stock On Margin Strength - Yahoo Finance

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FRME — Frequently Asked Questions

What is the current share price of First Merchants Corporation (FRME)?

As of 2026-10-23 16:27 PDT, First Merchants Corporation (FRME) trades at $40.68 on NasdaqGS. Its 52-week range is $33.72 to $44.83.

What is the market capitalisation of FRME?

First Merchants Corporation (FRME) has a market capitalisation of $2.55B on NasdaqGS.

What is the P/E ratio of FRME?

FRME trades at a trailing price-to-earnings (P/E) ratio of 13.08. The industry average P/E is 13.55. Its price-to-book (P/B) ratio is 0.91.

Does FRME pay a dividend?

First Merchants Corporation (FRME) currently offers a dividend yield of 3.74%.

What is the return on equity (ROE) of FRME?

FRME has a return on equity (ROE) of 7.37%.

Is FRME a good stock to buy?

This page provides a data-driven analysis of First Merchants Corporation (FRME), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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