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FRME

First Merchants CorporationNASDAQFinancial Services
$39.43+0.25%OpenMarket Cap: $2.50B

As of 2026-04-06

Valuation

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P/E (TTM)

11.06

PEG

0.91

P/B

0.92

P/S

2.38

EV/EBITDA

11.84

DCF Value

$49.52

FCF Yield

11.3%

Div Yield

3.7%

Margins & Returns

Gross Margin

61.0%

Operating Margin

24.7%

Net Margin

21.5%

ROE

9.5%

ROA

1.2%

ROIC

-4.3%

Financials

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PeriodRevenueNet IncomeEPS
Q4 2025$269.8M$57.1M$0.99
FY 2025$1.05B$226.0M$3.88
Q3 2025$267.6M$56.8M$0.98
Q2 2025$261.0M$56.8M$0.98

Analyst Ratings

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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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Becher Michael Rdirector
SellThu Apr 02
Lehman Garydirector
SellThu Apr 02
WOJTOWICZ JEAN Ldirector
SellThu Apr 02
Sondhi Jason Rdirector
SellThu Apr 02
RECHIN MICHAEL Cdirector
SellThu Apr 02

Company Info

Sector

Financial Services

Industry

Country

US

Exchange

NASDAQ

Beta

0.88

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