First Merchants Corp (FRME)

Price$39.53

Value ScoreC

Growth ScoreC

Momentum ScoreD

Favorite Metrics

Price vs S&P 500 (26W)-1.77%

Price vs S&P 500 (4W)-5.27%

VGM Score45.67

Market Capitalization$2.51B

P/E Ratio (Annual)11.10x

Indicated Dividend Yield (Annual)3.67%

All Metrics

P/CF (Annual)8.84x

Book Value / Share (Quarterly)$42.76

P/TBV (Annual)0.88x

Indicated Dividend (Annual)$1.48

Revenue Growth (3Y)9.14%

Cash Flow / Share (Quarterly)$4.49

Payout Ratio (TTM)43.82%

Price vs S&P 500 (YTD)-3.41%

Net Profit Margin (TTM)37.76%

EPS (TTM)$3.43

10-Day Avg Trading Volume0.30M

EPS Excl Extra (TTM)$3.43

Revenue Growth (5Y)13.95%

EPS (Annual)$3.92

Dividend / Share (Annual)$1.48

ROI (Annual)8.47%

Net Profit Margin (5Y Avg)35.96%

Cash / Share (Quarterly)$2.11

P/E Basic Excl Extra (TTM)12.61x

Revenue Growth QoQ (YoY)40.28%

EPS Growth (5Y)7.39%

P/E Normalized (Annual)11.10x

ROA (Last FY)1.19%

Revenue Growth TTM (YoY)61.80%

EBITD / Share (TTM)$5.77

ROE (5Y Avg)9.90%

Operating Margin (TTM)44.30%

Cash Flow / Share (Annual)$4.98

P/B Ratio0.94x

P/B Ratio (Quarterly)0.91x

Net Income / Employee (Annual)$108,300

ROA (TTM)1.03%

EPS Growth QoQ (YoY)-51.43%

EV / EBITDA (TTM)11.34x

EPS Incl Extra (Annual)$3.92

3-Month Avg Trading Volume0.40M

52-Week Price Return6.36%

EV / Free Cash Flow (Annual)10.06x

P/E Incl Extra (TTM)12.61x

Tangible BV / Share (Quarterly)$42.09

P/S Ratio (Annual)2.94x

52-Week High$43.22

EPS Excl Extra (Annual)$3.92

Tangible BV CAGR (5Y)5.85%

26-Week Price Return14.16%

13-Week Price Return-1.83%

Total Debt / Equity (Annual)0.08x

Enterprise Value$2.85B

Revenue / Share Growth (5Y)7.16%

Book Value / Share Growth (5Y)4.52%

Revenue / Employee (Annual)$318,450,700,000

Pretax Margin (Annual)40.70%

Cash / Share (Annual)$2.07

3-Month Return Std Dev21.38%

Net Income / Employee (TTM)$95,300

EBITDA CAGR (5Y)15.72%

EBITDA Interim CAGR (5Y)10.87%

ROE (Last FY)9.16%

EPS Basic Excl Extra (Annual)$3.92

P/FCF (TTM)8.94x

EV / Free Cash Flow (TTM)10.17x

Total Debt / Equity (Quarterly)0.13x

EPS Incl Extra (TTM)$3.43

ROI (TTM)7.17%

Dividend Growth Rate (5Y)7.31%

P/S Ratio (TTM)2.76x

Pretax Margin (5Y Avg)41.95%

Revenue / Share (Annual)$10.84

Tangible BV / Share (Annual)$43.07

Forward P/E9.23x

Free OCF CAGR (5Y)6.84%

Price vs S&P 500 (52W)-21.85%

P/E Ratio (TTM)12.61x

EPS Growth TTM (YoY)-4.37%

Year-to-Date Return7.52%

5-Day Price Return0.40%

EPS Normalized (Annual)$3.92

ROA (5Y Avg)1.22%

Net Profit Margin (Annual)35.36%

Month-to-Date Return-0.35%

Cash Flow / Share (TTM)$4.41

EBITD / Share (Annual)$5.00

EPS Growth (3Y)0.74%

Operating Margin (Annual)40.70%

LT Debt / Equity (Annual)0.02x

P/CF (TTM)8.94x

ROI (5Y Avg)8.58%

P/E Excl Extra (TTM)12.61x

LT Debt / Equity (Quarterly)0.03x

EPS Basic Excl Extra (TTM)$3.43

P/TBV (Quarterly)0.92x

Payout Ratio (Annual)37.52%

P/B Ratio (Annual)0.88x

Dividend / Share (TTM)$1.45

Pretax Margin (TTM)44.30%

Book Value / Share (Annual)$43.31

Price vs S&P 500 (13W)-11.57%

Net Margin Growth (5Y)4.01%

Dividend Yield (TTM)3.47%

Beta0.88x

P/FCF (Annual)8.84x

Revenue / Share (TTM)$11.23

ROE (TTM)8.03%

52-Week Low$34.66

vGradeC

gGradeC

mGradeD

vgmGradeC

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Earnings Surprise History

Q1 261.03est. 0.95

Analyst Recommendations

Feb 2026

Mar 2026

Apr 2026

May 2026

3.91

3.92

Industry Peers — National Banks(117)

Symbol	Value Score	Growth Score	Momentum Score	Price
FRMEFirst Merchants Corp	C	C	D	$39.53
JPMJPMorgan Chase & Co.	D	C	D	$296.58
BACBank of America Corporation	C	C	D	$51.51
WFCWells Fargo & Co.	D	C	D	$77.17
CCitigroup Inc.	C	C	A	$129.09
COFCapital One Financial	C	D	F	$184.56
UBSUBS Group AG	C	C	B	$47.99
MFGMizuho Financial Group, Inc. American Depositary Shares (Each representing one-fifth of an Ordinary Share)	D	B	B	$9.03
PNCPNC Financial Services Group	C	C	C	$216.07
USBU.S. Bancorp	C	C	C	$53.55
TFCTruist Financial Corporation	B	C	D	$46.87

About

First Merchants Corp is a community bank holding company offering personal and business banking, mortgage lending, cash management, wealth management, brokerage, and insurance. The company operates through local subsidiaries that emphasize personalized financial service delivery. All operations fall within a single community banking segment.