First Merchants Corporation Depository Shares (FRMEP) Stock Price

FRMEPStock

$25.25+12.12%52W

Market Cap—

P/E11.00x

PEG Ratio1.80

Div yield4.38%

Beta0.92

FRMEP Share Price Chart

Favorite Metrics

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

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

PEG Ratio1.80

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

FRMEP 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
FRMEPFirst Merchants Corporation Depository Shares	B	C	D	1.0x	7.3%	0.9%	—	$25.25
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
FRMEFirst Merchants Corp	B	C	D	1.0x	7.3%	0.9%	—	$39.60
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

About First Merchants Corporation Depository Shares

First Merchants Corp is a community bank providing personal and business banking, mortgage lending, cash management, wealth management, and insurance services through its local subsidiary network. The company operates as a single community banking segment.