What is FRME's current stock price?

FRME (First Merchants Corporation) is currently trading at $40.14 with a market cap of $2.53B.

What sector is First Merchants Corporation in?

First Merchants Corporation (FRME) operates in the Financial Services sector, specifically in the Banks - Regional industry.

Is FRME a good stock to buy?

Analysts have a Buy consensus on FRME with a price target of $49.00. Check our detailed analysis for valuation, financials, and insider activity.

InvestLog

FRME First Merchants Corporation

Financial Services

$40.14-0.22%ClosedMarket Cap: $2.53B

As of 2026-05-25

Valuation

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P/E (TTM)

11.52

PEG

0.94

P/B

0.92

P/S

2.41

EV/EBITDA

16.67

DCF Value

$49.71

FCF Yield

11.1%

Div Yield

3.6%

Margins & Returns

Gross Margin

60.5%

Operating Margin

21.2%

Net Margin

18.9%

ROE

8.0%

ROA

0.9%

ROIC

7.5%

Financials

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Period	Revenue	Net Income	EPS
Q1 null	$253.3M	$28.2M	$—
Q4 null	$269.8M	$57.1M	$—
FY null	$1.05B	$226.0M	$—
Q3 null	$267.6M	$56.8M	$—

Analyst Ratings

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Consensus

Buy

Target (Consensus)

$49.00

Target (Median)

$49.00

Target Range

$49.00 - $49.00

2 Strong Buy2 Buy2 Hold0 Sell0 Strong Sell

Piper SandlerOverweight

2026-02-04

Piper SandlerOverweight

2025-10-27

Stephens & Co.Equal Weight

2025-09-29

Raymond JamesMarket Perform

2025-09-26

Keefe, Bruyette & WoodsOutperform

2025-09-26

Trading Activity

Insider Trades

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Myers Larry Wdirector, officer: First Vice President

SellFri May 22

Fultz Paul Gdirector:

SellFri May 22

Myers Larry Wdirector, officer: First Vice President

SellMon May 18

WOJTOWICZ JEAN Ldirector

SellThu Apr 02

Sondhi Jason Rdirector

SellThu Apr 02

Company Info

Sector

Financial Services

Industry

Banks - Regional

Country

Exchange

—

Beta

0.87

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

Peers

HTH