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First Merchants Corp

FRME

NASDAQ

Banking

$43.42

USD

+0.75 (+1.76%)

At close: Jul 28, 2026, 4:00 PM EDT

Market Cap $2.75B

Volume 392.1K

Price (USD)
Price (USD)

About First Merchants Corp

First Merchants Corp. (Indiana) is a bank holding company, which engages in the provision of financial services. The company is headquartered in Muncie, Indiana and currently employs 2,086 full-time employees. The company has one full-service bank charter, First Merchants Bank (the Bank). The Bank operates First Merchants Private Wealth Advisors (a division of First Merchants Bank). Through the Bank, the Company offers a broad range of commercial and consumer banking services. Its commercial banking solutions include debt capital, treasury management services and depository products. Its consumer banking solutions include consumer deposit and lending products. Its mortgage banking offers consumer mortgage solutions to assist with the purchase, refinance, construction or renovation of residential properties. Its private wealth advisors offer personal wealth management services with expertise in investment management, private banking, fiduciary estate and financial planning. The company operates approximately 111 banking locations in Indiana, Ohio, and Michigan.

CEO

Mr. Mark Hardwick

HQ

Muncie, INDIANA, US

Founded

1989

Employees

2,086

Quantli Score

8.4

Outperform

Fin. Health

8.1

Profitability

7.6

Growth

9.0

Cash-Flow Q.

8.8

Key Metrics

7 metrics our research team weighs before forming a view on FRME.

Based on Quantli research · SEC filings · as of Q1 2026

METRIC

VALUE

CHANGE

TREND (3Y)

Revenue Growth (TTM)

-0.9%

-4.1 pp

Gross Margin (TTM)

62.6%

+1.2 pp

Operating Margin (TTM)

21.2%

-1.4 pp

Net Margin (TTM)

18.9%

-0.8 pp

ROE (TTM)

7.4%

-1.5 pp

EPS Growth (TTM)

-4.8%

-7.7 pp

Free Cash Flow (TTM)

$280.54M

+4.3%

Financial Snapshot

Full Financials

Revenue

$1.05B

-0.9%

YoY

Gross Margin

63%

TTM

+2.0%

YoY

Net Income

$198.82M

-4.8%

YoY

Operating Cash Flow

$280.54M

+4.3%

YoY

Key Statistics

Open

$42.94

Previous Close

$42.67

Day Range

$42.39 - $43.71

52 Week Range

$34.66 - $47.47

Volume

392.1K

Average Volume (10 Days)

570.0K

Market Cap

$2.75B

P/E Ratio (TTM)

13.83

P/S Ratio (TTM)

2.61

Dividend Yield

3.17%

Valuation Measurement

Market Cap

$2.75B

Trailing P/E

13.83

Price / Sales

2.61

Price / Book

1.03

Financial Highlights

Profit Margin

18.9%

Return on Assets

0.9%

Return on Equity

7.4%

Revenue (TTM)

$1.05B

Net Income (TTM)

$198.82M

Diluted EPS (TTM)

$3.39

Total Cash (MRQ)

$98.08M

Levered FCF (TTM)

$280.54M

Turn research into action

Knowing a stock is strong is the start. Knowing how to invest in it when you spot good research is good returns.

Swing Strategy

Buy support, sell on recovery.

Best for:

Risk-tolerant

Position Strategy

Ride market cycles. Patient hold.

Best for:

Patient investors

Trend Following

Enter on trend. Cut losses fast.

Best for:

Active traders

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Analyst Consensus

Buy

Based on 1 analyst ratings

Avg Target: $51.00

(+17.5% upside)

High: $51.00 · Low: $51.00

Strong Buy

0%

Buy

100%

Hold

0%

Sell

0%

Strong Sell

0%

View full analyst ratings