First Merchants Corp (FRME) Stock Price

FRMEStock

$39.60+12.12%52W

Market Cap$2.49B

P/E11.00x

PEG Ratio1.40

Div yield4.38%

Beta0.92

FRME Share Price Chart

Favorite Metrics

Price vs S&P 500 (26W)-12.99%

Price vs S&P 500 (4W)-1.85%

PEG Ratio1.40

VGM Score46.34

P/E Ratio (Annual)11.00x

Indicated Dividend Yield (Annual)4.38%

P/CF (Annual)8.77x

Book Value / Share (Quarterly)$43.36

P/TBV (Annual)0.88x

Indicated Dividend (Annual)$1.48

Revenue Growth (3Y)9.14%

Cash Flow / Share (Quarterly)$5.06

Payout Ratio (TTM)48.15%

Price vs S&P 500 (YTD)-6.27%

Net Profit Margin (TTM)37.76%

EPS (TTM)$3.15

10-Day Avg Trading Volume0.44M

EPS Excl Extra (TTM)$3.15

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)13.37x

Revenue Growth QoQ (YoY)40.28%

EPS Growth (5Y)7.39%

P/E Normalized (Annual)11.00x

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 Ratio0.92x

P/B Ratio (Quarterly)1.02x

Net Income / Employee (Annual)$108,300

ROA (TTM)0.93%

EPS Growth QoQ (YoY)-28.55%

EV / EBITDA (TTM)11.34x

EPS Incl Extra (Annual)$3.92

3-Month Avg Trading Volume0.46M

52-Week Price Return12.12%

EV / Free Cash Flow (Annual)9.44x

P/E Incl Extra (TTM)13.37x

Tangible BV / Share (Quarterly)$42.73

P/S Ratio (Annual)2.94x

52-Week High$45.33

EPS Excl Extra (Annual)$3.92

Tangible BV CAGR (5Y)5.85%

26-Week Price Return-3.08%

13-Week Price Return-11.19%

Total Debt / Equity (Annual)0.08x

Enterprise Value$2.68B

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 Dev18.24%

Net Income / Employee (TTM)$89,100

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)7.90x

EV / Free Cash Flow (TTM)8.50x

Total Debt / Equity (Quarterly)0.07x

EPS Incl Extra (TTM)$3.15

ROI (TTM)6.55%

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/E9.52x

Free OCF CAGR (5Y)6.84%

Price vs S&P 500 (52W)-3.41%

P/E Ratio (TTM)13.37x

EPS Growth TTM (YoY)-18.97%

Year-to-Date Return5.66%

5-Day Price Return0.89%

EPS Normalized (Annual)$3.92

ROA (5Y Avg)1.22%

Net Profit Margin (Annual)35.36%

Month-to-Date Return-0.45%

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)7.90x

ROI (5Y Avg)8.58%

P/E Excl Extra (TTM)13.37x

LT Debt / Equity (Quarterly)0.03x

EPS Basic Excl Extra (TTM)$3.15

P/TBV (Quarterly)1.04x

Payout Ratio (Annual)37.52%

P/B Ratio (Annual)0.88x

Dividend / Share (TTM)$1.50

Pretax Margin (TTM)44.30%

Book Value / Share (Annual)$43.31

Price vs S&P 500 (13W)-13.88%

Net Margin Growth (5Y)4.01%

Dividend Yield (TTM)3.60%

Beta0.92x

P/FCF (Annual)8.77x

Revenue / Share (TTM)$11.23

ROE (TTM)7.26%

52-Week Low$34.66

vGradeB

gGradeC

mGradeD

vgmGradeC

FRME Earnings Surprise History

Quarter	Report date	EPS estimate	EPS actual	Surprise
Q2 2026	Jul 22, 2026	$1.03	$0.74	-28.27%(-$0.29)
Q1 2026	Apr 22, 2026	$0.97	$1.03	+6.55%(+$0.06)
Q4 2025	Jan 26, 2026	$0.95	$0.98	+2.98%(+$0.03)
Q3 2025	Oct 22, 2025	$0.96	$0.99	+2.95%(+$0.03)
Q2 2025	Jul 23, 2025	$0.94	$0.98	+3.70%(+$0.04)

FRME Analyst Recommendations

Jun 2026

Jul 2026

Aug 2026

Sep 2026

3.92

Industry Peers — National Banks(118)

Symbol	Value Score	Growth Score	Momentum Score	P/B Ratio (Quarterly)	ROE (TTM)	ROA (TTM)	Net Interest Coverage (TTM)	Price
FRMEFirst Merchants Corp	B	C	D	1.0x	7.3%	0.9%	—	$39.60
JPMJPMorgan Chase & Co.	D	C	C	2.4x	17.9%	1.4%	—	$339.72
BACBank of America Corporation	C	C	F	1.3x	10.7%	0.9%	—	$51.23
WFCWells Fargo & Co.	C	C	D	1.4x	12.8%	1.0%	—	$83.87
CCitigroup Inc.	B	C	D	1.0x	9.2%	0.7%	—	$124.26
UBSUBS Group AG	D	C	C	1.8x	10.5%	0.6%	—	$47.68
COFCapital One Financial	B	D	D	1.1x	9.3%	1.6%	—	$201.74
MFGMizuho Financial Group, Inc. American Depositary Shares (Each representing one-fifth of an Ordinary Share)	D	B	B	1.6x	12.3%	0.5%	—	$10.17
USBU.S. Bancorp	B	C	C	1.4x	12.6%	1.2%	—	$58.73
PNCPNC Financial Services Group	C	C	D	1.4x	12.6%	1.3%	—	$217.39
TFCTruist Financial Corporation	B	C	D	0.9x	8.1%	0.9%	—	$47.07
SHGShinhan Financial Group Co Ltd	A	C	F	0.8x	9.2%	0.7%	—	$70.31
HBANHuntington Bancshares Inc	C	C	F	1.1x	8.6%	0.9%	—	$15.27
RFRegions Financial Corp.	C	D	D	1.3x	12.3%	1.4%	—	$27.45
KEYKeyCorp	C	C	D	1.3x	10.1%	1.1%	—	$19.99
PNFPPinnacle Financial Partners, Inc.	C	B	D	1.0x	7.6%	0.9%	—	$94.72
FHNFirst Horizon Corporation	C	B	D	1.3x	11.7%	1.3%	—	$22.88
UMBFUMB Financial Corp	C	B	D	1.4x	12.2%	1.3%	—	$131.10
CFRCullen/Frost Bankers Inc.	D	C	C	2.1x	15.0%	1.3%	—	$155.05
ONBOld National Bancorp	C	B	C	1.2x	10.5%	1.2%	—	$25.01
ZIONZions Bancorporation N.A.	A	C	C	1.3x	16.1%	1.3%	—	$63.37
BOKFBOK Financial Corp	B	C	D	1.4x	10.8%	1.2%	—	$124.83
VLYValley National Bancorp	B	B	D	1.0x	8.9%	1.1%	—	$12.66
FNBF.N.B. Corp	B	C	D	1.0x	8.9%	1.2%	—	$17.23
FULTFulton Financial Corp	B	C	C	1.2x	11.2%	1.2%	—	$22.40
WSFSWSFS Financial Corp	D	B	B	1.5x	11.7%	1.5%	—	$76.35
BANFBancfirst Corp	D	C	D	1.9x	13.4%	1.7%	—	$109.03
WSBCWesBanco Inc	B	B	C	0.9x	8.7%	1.3%	—	$37.22
NICNicolet Bankshares,Inc.	F	C	C	1.5x	8.8%	1.3%	—	$163.80
FFBCFirst Financial Bancorp	B	B	C	1.2x	10.1%	1.3%	—	$31.48
PRKPark National Corporation	D	D	C	1.9x	12.4%	1.7%	—	$178.65
SFNCSimmons First National Corp	B	C	C	1.0x	7.6%	1.1%	—	$22.07
CBUCommunity Financial System, Inc.	D	D	D	1.7x	11.3%	1.3%	—	$60.24
BANCBanc of California, Inc.	B	C	F	1.0x	-0.6%	-0.1%	—	$17.18
NBTBNBT Bancorp Inc	C	C	C	1.3x	11.3%	1.3%	—	$50.85
TRMKTrustmark Corp	C	C	C	1.3x	11.0%	1.2%	—	$44.90
NWBINorthwest Bancshares, Inc	C	D	C	1.2x	8.1%	0.9%	—	$14.93
WAFDWaFd, Inc. Common Stock	B	C	F	0.7x	8.5%	0.9%	—	$29.15
FCFFirst Commonwealth Financial Corporation	C	C	B	1.3x	10.8%	1.4%	—	$20.34
TBBKThe Bancorp Inc.	C	B	F	3.7x	32.3%	2.5%	—	$49.60
CHCOCity Holding Co	D	D	B	2.3x	16.4%	2.0%	—	$141.69
HOPEHope Bancorp, Inc.	B	C	C	0.8x	5.7%	0.7%	—	$13.43
DCOMDime Commercial Bancshares, Inc.	C	B	B	0.9x	7.7%	0.8%	—	$38.83
NBHCNATIONAL BANK HOLDINGS CORP.	C	C	F	1.2x	6.5%	0.9%	—	$37.92
FSUNFirstSun Capital Bancorp Common Stock	B	F	C	0.9x	3.5%	0.5%	—	$37.95
BFCBank First Corporation Common Stock	F	B	C	2.0x	11.1%	1.6%	—	$147.70
OCFCOceanFirst Financial Corp	C	C	F	0.8x	2.6%	0.3%	—	$15.83
CASHPathward Financial, Inc. Common Stock	B	C	D	2.2x	20.6%	2.4%	—	$72.93
WABCWestamerica Bancorporation	D	D	B	1.7x	12.8%	1.9%	—	$61.28
BHRBBurke & Herbert Financial Services Corp. Common Stock	D	D	C	1.2x	10.4%	1.1%	—	$69.69
AMTBAmerant Bancorp Inc.	C	C	A	1.1x	6.1%	0.6%	—	$28.96

About First Merchants Corp

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.

FRME Next Earnings Report

Report dateOct 21, 2026

QuarterQ3 2026

Report timeAMC

EPS estimate$1.04

Revenue estimate$203.94M

Also reporting on Oct 21, 2026

Scheduled date with consensus estimates — both can change before the company reports.

Earnings calendar for October 2026

FRME Insider Transactions

SellAug 19, 2026
FLUHLER STEPHAN H
Chief Technology Officer
Shares: 4,080Value: $176,256

Open-market buys and sells filed with the SEC over the last 90 days. Grants, gifts and option exercises are excluded.

All insider transactions for August 2026

Companies in Related Industries

BBARBanco BBVA Argentina S.A.Commercial Banks
FBKFB Financial CorporationState Banks
CUBICUSTOMERS BANCORP INCState Banks
FBNCFirst Bancorp/NCState Banks
EEFTEuronet Worldwide IncFederal Credit Unions
BUSEFirst Busey Corporation Class A Common StockState Banks
SYBTStock Yards Bancorp, Inc.State Banks
NTBThe Bank of N.T. Butterfield & Son LimitedCommercial Banks

Same SIC sector, outside this company's own industry.

Analyst Sentiment

3.9

Buy

Consensus rating

52-Week Range

Low$34.66

High$45.33