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
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
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
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Analyst Consensus
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%