First Merchants Corp (FRME) Stock Price

FRMEStock

$41.93+0.74%52W

Market Cap$2.63B

P/E12.05x

PEG Ratio1.40

Div yield4.38%

Beta0.89

FRME Share Price Chart

Favorite Metrics

Price vs S&P 500 (26W)-8.14%

Price vs S&P 500 (4W)-5.44%

PEG Ratio1.40

VGM Score45.94

P/E Ratio (Annual)12.05x

Indicated Dividend Yield (Annual)4.38%

P/CF (Annual)9.60x

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)-0.95%

Net Profit Margin (TTM)37.76%

EPS (TTM)$3.15

10-Day Avg Trading Volume0.31M

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)14.64x

Revenue Growth QoQ (YoY)40.28%

EPS Growth (5Y)7.39%

P/E Normalized (Annual)12.05x

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 Ratio1.01x

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 Volume0.39M

52-Week Price Return0.74%

EV / Free Cash Flow (Annual)10.27x

P/E Incl Extra (TTM)14.64x

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 Return3.79%

13-Week Price Return3.51%

Total Debt / Equity (Annual)0.08x

Enterprise Value$2.91B

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 Dev22.68%

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)8.65x

EV / Free Cash Flow (TTM)9.25x

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/E9.93x

Free OCF CAGR (5Y)6.84%

Price vs S&P 500 (52W)-17.81%

P/E Ratio (TTM)14.64x

EPS Growth TTM (YoY)-18.97%

Year-to-Date Return11.87%

5-Day Price Return0.02%

EPS Normalized (Annual)$3.92

ROA (5Y Avg)1.22%

Net Profit Margin (Annual)35.36%

Month-to-Date Return-2.80%

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)8.65x

ROI (5Y Avg)8.58%

P/E Excl Extra (TTM)14.64x

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)1.55%

Net Margin Growth (5Y)4.01%

Dividend Yield (TTM)3.29%

Beta0.89x

P/FCF (Annual)9.60x

Revenue / Share (TTM)$11.23

ROE (TTM)7.26%

52-Week Low$34.66

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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

May 2026

Jun 2026

Jul 2026

Aug 2026

3.92

Industry Peers — National Banks(119)

Symbol	Value Score	Growth Score	Momentum Score	Price
FRMEFirst Merchants Corp	B	C	D	$41.93
JPMJPMorgan Chase & Co.	D	B	B	$357.62
BACBank of America Corporation	C	C	B	$62.32
WFCWells Fargo & Co.	C	C	C	$86.69
CCitigroup Inc.	C	C	B	$132.90
UBSUBS Group AG	C	C	A	$54.90
COFCapital One Financial	B	D	C	$215.67
MFGMizuho Financial Group, Inc. American Depositary Shares (Each representing one-fifth of an Ordinary Share)	D	B	A	$10.64
USBU.S. Bancorp	C	C	B	$62.47
PNCPNC Financial Services Group	C	C	C	$242.22
TFCTruist Financial Corporation	B	C	D	$50.43
SHGShinhan Financial Group Co Ltd	B	C	B	$79.15
HBANHuntington Bancshares Inc	C	C	D	$16.92
RFRegions Financial Corp.	C	D	D	$30.33
KEYKeyCorp	C	C	D	$21.91
PNFPPinnacle Financial Partners, Inc.	D	B	D	$101.09
WBSWebster Financial Corporation Waterbury	C	B	C	$77.57
FHNFirst Horizon Corporation	C	B	D	$24.65
UMBFUMB Financial Corp	C	B	B	$144.59
CFRCullen/Frost Bankers Inc.	D	C	B	$161.69
ZIONZions Bancorporation N.A.	B	C	C	$67.78
ONBOld National Bancorp	C	B	C	$25.85
BOKFBOK Financial Corp	C	C	D	$137.48
VLYValley National Bancorp	C	B	C	$13.92
FNBF.N.B. Corp	B	C	D	$18.41
FULTFulton Financial Corp	B	C	C	$23.68
WSFSWSFS Financial Corp	D	B	C	$78.30
WSBCWesBanco Inc	B	B	B	$40.42
BANFBancfirst Corp	D	C	F	$110.55
NICNicolet Bankshares,Inc.	F	C	B	$171.74
PRKPark National Corporation	D	D	C	$198.12
FFBCFirst Financial Bancorp	B	B	C	$32.82
CBUCommunity Financial System, Inc.	D	D	D	$63.16
SFNCSimmons First National Corp	B	C	D	$22.69
BANCBanc of California, Inc.	B	C	D	$18.60
TRMKTrustmark Corp	C	C	D	$46.27
TBBKThe Bancorp Inc.	D	B	C	$65.70
NBTBNBT Bancorp Inc	C	C	C	$51.55
WAFDWaFd, Inc. Common Stock	B	C	D	$36.09
NWBINorthwest Bancshares, Inc	C	D	C	$15.34
FCFFirst Commonwealth Financial Corporation	C	C	C	$20.85
CHCOCity Holding Co	D	D	C	$143.46
NBHCNATIONAL BANK HOLDINGS CORP.	C	C	F	$41.22
OCFCOceanFirst Financial Corp	D	C	D	$18.88
DCOMDime Commercial Bancshares, Inc.	C	B	B	$40.47
HOPEHope Bancorp, Inc.	C	C	B	$13.92
FSUNFirstSun Capital Bancorp Common Stock	D	F	C	$40.07
BFCBank First Corporation Common Stock	F	C	C	$152.81
CASHPathward Financial, Inc. Common Stock	B	C	F	$81.50
BHRBBurke & Herbert Financial Services Corp. Common Stock	D	C	C	$71.71
WABCWestamerica Bancorporation	C	D	C	$58.07

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.