FRME
First Merchants Corporation
Price Chart
Latest Quote
$44.59
-0.64 (-1.41%)
Current Price
| Previous Close | $45.23 |
| Open | $45.00 |
| Day High | $45.31 |
| Day Low | $44.20 |
| Volume | 444,057 |
Stock Information
| Quarterly Dividend / Yield | $1.88 / 4.20% |
| Shares Outstanding | 63.02M |
| Quarterly Dividend Yield | 4.20% |
| Quarterly Dividend | $1.88 |
| Total Debt | $1.69B |
| Cash Equivalents | $320.93M |
| Revenue | $637.81M |
| Net Income | $196.94M |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Market Cap | $2.81B |
| P/E Ratio | 13.15 |
| EPS (TTM) | $3.39 |
| Exchange | NMS |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $4.21B |
| Sales | $637.81M |
| Income | $196.94M |
| Book/sh | $42.35 |
| Cash/sh | $5.09 |
| Employees | 2K |
Financial Ratios
| EPS Growth TTM | -49.10% |
Returns & Margins
| ROA | 1.01% |
| ROE | 7.95% |
| Operating Margin | 22.58% |
| Profit Margin | 31.17% |
Ownership
| Insider Ownership | 2.00% |
| Institutional Ownership | 75.28% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 9.68 |
| PEG | 1.40 |
| P/S | 4.41 |
| P/B | 1.05 |
Analyst Data
| Recommendation | buy |
| Target Price | $48.00 |
Technical Indicators
| SMA20 | $43.13 |
| SMA50 | $41.26 |
| SMA200 | $38.58 |
| RSI | 56.51 |
| ATR | 1.0143 |
| Shares Float | 61.87M |
| Short Float | 2.80% |
| Short Ratio | 3.51 |
| Volatility | 0.85 |
| Rel Volume | 0.88 |
Performance History
| Week | +3.46% |
| Month | +8.10% |
| Quarter | +12.26% |
| 6 Months | +20.18% |
| YTD | +21.15% |
| Year | +14.44% |
| 3 Years | +72.13% |
| 5 Years | +31.22% |
| 10 Years | +136.42% |
Stock Score:
â Premium
Based on debt, profitability, growth, and cash flow metrics
â Premium Feature
Sign up for free to view detailed scoring breakdown â premium is free during our trial period!
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-07-17 | $44.59 | 456,100 |
| 2026-07-16 | $45.23 | 605,500 |
| 2026-07-15 | $43.75 | 373,600 |
| 2026-07-14 | $43.30 | 450,600 |
| 2026-07-13 | $43.30 | 465,600 |
| 2026-07-10 | $43.10 | 426,600 |
| 2026-07-09 | $42.54 | 546,700 |
| 2026-07-08 | $42.15 | 395,800 |
| 2026-07-07 | $42.84 | 257,500 |
| 2026-07-06 | $43.43 | 339,000 |
| 2026-07-02 | $43.44 | 402,600 |
| 2026-07-01 | $44.29 | 511,600 |
| 2026-06-30 | $43.69 | 457,200 |
| 2026-06-29 | $43.42 | 360,200 |
| 2026-06-26 | $43.68 | 1,955,000 |
| 2026-06-25 | $43.37 | 314,300 |
| 2026-06-24 | $42.59 | 445,100 |
| 2026-06-23 | $41.91 | 371,500 |
| 2026-06-22 | $41.19 | 474,700 |
| 2026-06-18 | $40.72 | 740,900 |
About First Merchants Corporation
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products. It also provides personal and commercial wealth management services, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
đ° Latest News
Will First Merchants (FRME) Beat Estimates Again in Its Next Earnings Report?
Zacks âĸ 2026-07-17T16:10:03Z
1st Source (SRCE) Reports Next Week: Wall Street Expects Earnings Growth
Zacks âĸ 2026-07-16T14:00:22Z
First Merchants (FRME) Preferred Dividend Update Keeps Valuation In Focus
Simply Wall St. âĸ 2026-07-16T13:13:19Z
First Merchants (FRME) Reports Next Week: Wall Street Expects Earnings Growth
Zacks âĸ 2026-07-15T14:00:15Z
Why Did Piper Sandler Raise First Merchants (FRME) Stock Price Target?
Insider Monkey âĸ 2026-07-14T15:09:07Z
3 Bank Stocks We Think Twice About
StockStory âĸ 2026-07-14T11:51:11Z
Why First Merchants (FRME) is a Top Dividend Stock for Your Portfolio
Zacks âĸ 2026-07-10T15:45:03Z
Q1 Earnings Highlights: First Merchants (NASDAQ:FRME) Vs The Rest Of The Regional Banks Stocks
StockStory âĸ 2026-06-29T21:30:15Z
3 Reasons to Sell FRME and 1 Stock to Buy Instead
StockStory âĸ 2026-06-25T19:53:50Z
1 Small-Cap Stock with Promising Prospects and 2 That Underwhelm
StockStory âĸ 2026-06-23T10:40:46Z
Period:
Loading...
Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $662,947,000 | $626,711,000 | $651,002,000 | $628,144,000 |
| Operating Revenue | $662,947,000 | $626,711,000 | $651,002,000 | $628,144,000 |
| Expenses | ||||
| Interest Expense | $388,779,000 | $426,892,000 | $348,486,000 | $84,803,000 |
| Selling And Marketing Expense | $7,794,000 | $7,389,000 | $7,427,000 | $7,708,000 |
| General And Administrative Expense | $238,490,000 | $236,196,000 | $243,419,000 | $217,128,000 |
| Professional Expense And Contract Services Expense | $14,494,000 | $14,586,000 | $16,172,000 | $21,642,000 |
| Other Non Interest Expense | $58,762,000 | $58,635,000 | $58,537,000 | $50,806,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $226,001,000 | $201,402,000 | $223,786,000 | $222,089,000 |
| Net Interest Income | $536,013,000 | $521,114,000 | $545,400,000 | $520,203,000 |
| Interest Income | $924,792,000 | $948,006,000 | $893,886,000 | $605,006,000 |
| Normalized Income | $226,001,000 | $184,036,773 | $223,786,000 | $222,089,000 |
| Net Income From Continuing And Discontinued Operation | $226,001,000 | $201,402,000 | $223,786,000 | $222,089,000 |
| Net Income Common Stockholders | $224,126,000 | $199,527,000 | $221,911,000 | $220,683,000 |
| Net Income | $226,001,000 | $201,402,000 | $223,786,000 | $222,089,000 |
| Net Income Including Noncontrolling Interests | $226,001,000 | $201,402,000 | $223,786,000 | $222,089,000 |
| Net Income Continuous Operations | $226,001,000 | $201,402,000 | $223,786,000 | $222,089,000 |
| Pretax Income | $259,114,000 | $231,728,000 | $259,232,000 | $255,674,000 |
| Special Income Charges | $0 | $19,983,000 | $0 | $0 |
| Depreciation Amortization Depletion Income Statement | $6,028,000 | $7,271,000 | $8,743,000 | $8,275,000 |
| Depreciation And Amortization In Income Statement | $6,028,000 | $7,271,000 | $8,743,000 | $8,275,000 |
| Amortization Of Intangibles Income Statement | $6,028,000 | $7,271,000 | $8,743,000 | $8,275,000 |
| Per Share | ||||
| Diluted EPS | $3.88 | $3.41 | $3.73 | $3.81 |
| Basic EPS | $3.90 | $3.42 | $3.74 | $3.83 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $2,617,773 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Total Unusual Items | $0 | $19,983,000 | $0 | $0 |
| Total Unusual Items Excluding Goodwill | $0 | $19,983,000 | $0 | $0 |
| Reconciled Depreciation | $29,423,000 | $26,849,000 | $11,711,000 | $11,815,000 |
| Diluted Average Shares | $57,726,000 | $58,533,000 | $59,489,000 | $57,950,000 |
| Basic Average Shares | $57,468,205 | $58,341,228 | $59,334,492 | $57,619,582 |
| Diluted NI Availto Com Stockholders | $224,126,000 | $199,527,000 | $221,911,000 | $220,683,000 |
| Preferred Stock Dividends | $1,875,000 | $1,875,000 | $1,875,000 | $1,406,000 |
| Tax Provision | $33,113,000 | $30,326,000 | $35,446,000 | $33,585,000 |
| Gain On Sale Of Business | $0 | $19,983,000 | $0 | $0 |
| Gain On Sale Of Security | $3,377,000 | $-17,675,000 | $-3,545,000 | $4,582,000 |
| Amortization | $6,028,000 | $7,271,000 | $8,743,000 | $8,275,000 |
| Selling General And Administration | $246,284,000 | $243,585,000 | $250,846,000 | $224,836,000 |
| Insurance And Claims | $13,410,000 | $15,029,000 | $14,674,000 | $10,235,000 |
| Salaries And Wages | $225,080,000 | $221,167,000 | $228,745,000 | $206,893,000 |
| Occupancy And Equipment | $57,015,000 | $55,189,000 | $53,972,000 | $50,156,000 |
| Other Gand A | - | - | - | - |
Fetched: 2026-07-03
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $1,740,865,000 | $1,573,153,000 | $1,508,612,000 | $1,286,926,000 |
| Total Assets | $19,025,101,000 | $18,311,969,000 | $18,405,887,000 | $18,002,199,000 |
| Goodwill And Other Intangible Assets | $725,802,000 | $731,830,000 | $739,101,000 | $747,844,000 |
| Other Intangible Assets | $13,800,000 | $19,828,000 | $27,099,000 | $35,842,000 |
| Receivables | $93,374,000 | $91,829,000 | $97,664,000 | $85,070,000 |
| Accounts Receivable | $93,374,000 | $91,829,000 | $97,664,000 | $85,070,000 |
| Cash And Cash Equivalents | $280,458,000 | $386,507,000 | $548,729,000 | $248,655,000 |
| Cash Financial | $84,158,000 | $87,616,000 | $112,649,000 | $122,594,000 |
| Cash Cash Equivalents And Federal Funds Sold | $280,458,000 | $386,507,000 | $548,729,000 | $248,655,000 |
| Debt | ||||
| Net Debt | $575,721,000 | $529,576,000 | $322,767,000 | $726,317,000 |
| Total Debt | $856,179,000 | $916,083,000 | $871,496,000 | $974,972,000 |
| Long Term Debt And Capital Lease Obligation | $856,179,000 | $916,083,000 | $871,496,000 | $974,972,000 |
| Long Term Debt | $856,179,000 | $916,083,000 | $871,496,000 | $974,972,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $16,558,434,000 | $16,006,986,000 | $16,158,174,000 | $15,967,429,000 |
| Payables And Accrued Expenses | $18,235,000 | $16,102,000 | $18,912,000 | $7,530,000 |
| Payables | $18,235,000 | $16,102,000 | $18,912,000 | $7,530,000 |
| Accounts Payable | $18,235,000 | $16,102,000 | $18,912,000 | $7,530,000 |
| Equity | ||||
| Common Stock Equity | $2,441,542,000 | $2,279,858,000 | $2,222,588,000 | $2,009,645,000 |
| Preferred Stock Equity | $25,125,000 | $25,125,000 | $25,125,000 | $25,125,000 |
| Total Equity Gross Minority Interest | $2,466,667,000 | $2,304,983,000 | $2,247,713,000 | $2,034,770,000 |
| Stockholders Equity | $2,466,667,000 | $2,304,983,000 | $2,247,713,000 | $2,034,770,000 |
| Gains Losses Not Affecting Retained Earnings | $-130,135,000 | $-188,685,000 | $-175,970,000 | $-239,151,000 |
| Other Equity Adjustments | $-130,135,000 | $-188,685,000 | $-175,970,000 | $-239,151,000 |
| Retained Earnings | $1,413,742,000 | $1,272,528,000 | $1,154,624,000 | $1,012,774,000 |
| Other | ||||
| Preferred Shares Number | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Ordinary Shares Number | $56,951,939 | $57,974,535 | $59,424,122 | $59,170,583 |
| Share Issued | $56,951,939 | $57,974,535 | $59,424,122 | $59,170,583 |
| Tangible Book Value | $1,715,740,000 | $1,548,028,000 | $1,483,487,000 | $1,261,801,000 |
| Invested Capital | $3,297,721,000 | $3,195,941,000 | $3,094,084,000 | $2,984,617,000 |
| Total Capitalization | $3,322,846,000 | $3,221,066,000 | $3,119,209,000 | $3,009,742,000 |
| Additional Paid In Capital | $1,150,816,000 | $1,188,768,000 | $1,236,506,000 | $1,228,626,000 |
| Capital Stock | $32,244,000 | $32,372,000 | $32,553,000 | $32,521,000 |
| Common Stock | $7,119,000 | $7,247,000 | $7,428,000 | $7,396,000 |
| Preferred Stock | $25,125,000 | $25,125,000 | $25,125,000 | $25,125,000 |
| Investments And Advances | $3,378,641,000 | $3,460,695,000 | $3,811,364,000 | $4,263,788,000 |
| Held To Maturity Securities | $1,964,525,000 | $2,068,952,000 | $2,184,252,000 | $2,287,127,000 |
| Available For Sale Securities | $987,592,000 | $953,058,000 | - | - |
| Goodwill | $712,002,000 | $712,002,000 | $712,002,000 | $712,002,000 |
| Net PPE | $121,058,000 | $129,743,000 | $133,896,000 | $117,118,000 |
| Accumulated Depreciation | $-226,436,000 | $-233,794,000 | $-226,461,000 | $-227,600,000 |
| Gross PPE | $347,494,000 | $363,537,000 | $360,357,000 | $344,718,000 |
| Other Properties | $140,487,000 | $153,011,000 | $148,258,000 | $144,524,000 |
| Buildings And Improvements | $183,406,000 | $185,741,000 | $186,444,000 | $174,895,000 |
| Land And Improvements | $23,601,000 | $24,785,000 | $25,655,000 | $25,299,000 |
| Other Short Term Investments | $426,524,000 | $438,685,000 | $1,627,112,000 | $1,976,661,000 |
| Treasury Shares Number | - | - | $0 | - |
| Machinery Furniture Equipment | - | - | $148,258,000 | $144,524,000 |
Fetched: 2026-07-03
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $283,646,000 | $266,210,000 | $258,833,000 | $284,289,000 |
| Operating Activities | ||||
| Operating Cash Flow | $283,646,000 | $266,210,000 | $258,833,000 | $284,289,000 |
| Cash Flow From Continuing Operating Activities | $283,646,000 | $266,210,000 | $258,833,000 | $284,289,000 |
| Operating Gains Losses | $-16,075,000 | $-11,305,000 | $-1,549,000 | $-5,567,000 |
| Investing Activities | ||||
| Investing Cash Flow | $-773,823,000 | $-252,424,000 | $-344,425,000 | $-462,685,000 |
| Cash Flow From Continuing Investing Activities | $-773,823,000 | $-252,424,000 | $-344,425,000 | $-462,685,000 |
| Net Other Investing Changes | $-2,327,000 | $-2,949,000 | $-21,671,000 | $8,867,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-46,890,000 | $-56,168,000 | $0 | $0 |
| Issuance Of Capital Stock | $2,336,000 | $2,261,000 | $2,180,000 | $2,056,000 |
| Financing Cash Flow | $486,719,000 | $-38,819,000 | $75,647,000 | $133,844,000 |
| Cash Flow From Continuing Financing Activities | $486,719,000 | $-38,819,000 | $75,647,000 | $133,844,000 |
| Cash Dividends Paid | $-84,787,000 | $-83,498,000 | $-81,936,000 | $-74,154,000 |
| Preferred Stock Dividend Paid | $-1,875,000 | $-1,875,000 | $-1,875,000 | $-1,406,000 |
| Common Stock Dividend Paid | $-82,912,000 | $-81,623,000 | $-80,061,000 | $-72,748,000 |
| Net Common Stock Issuance | $-44,554,000 | $-53,907,000 | $2,180,000 | $2,056,000 |
| Common Stock Issuance | $2,336,000 | $2,261,000 | $2,180,000 | $2,056,000 |
| Other | ||||
| Repayment Of Debt | $-1,012,403,000 | $-509,708,000 | $-1,119,200,000 | $-1,332,889,000 |
| Issuance Of Debt | $854,152,000 | $639,117,000 | $834,031,000 | $1,818,389,000 |
| Interest Paid Supplemental Data | $386,646,000 | $429,702,000 | $337,104,000 | $80,035,000 |
| Income Tax Paid Supplemental Data | $20,746,000 | $7,627,000 | $34,838,000 | $13,819,000 |
| End Cash Position | $84,158,000 | $87,616,000 | $112,649,000 | $122,594,000 |
| Beginning Cash Position | $87,616,000 | $112,649,000 | $122,594,000 | $167,146,000 |
| Changes In Cash | $-3,458,000 | $-25,033,000 | $-9,945,000 | $-44,552,000 |
| Proceeds From Stock Option Exercised | $1,082,000 | $1,556,000 | $1,864,000 | $1,064,000 |
| Common Stock Payments | $-46,890,000 | $-56,168,000 | $0 | $0 |
| Net Issuance Payments Of Debt | $-158,251,000 | $129,409,000 | $-285,169,000 | $485,500,000 |
| Net Long Term Debt Issuance | $-158,251,000 | $129,409,000 | $-285,169,000 | $485,500,000 |
| Long Term Debt Payments | $-1,012,403,000 | $-509,708,000 | $-1,119,200,000 | $-1,332,889,000 |
| Long Term Debt Issuance | $854,152,000 | $639,117,000 | $834,031,000 | $1,818,389,000 |
| Net Investment Purchase And Sale | $97,115,000 | $271,261,000 | $499,111,000 | $208,123,000 |
| Sale Of Investment | $164,861,000 | $395,656,000 | $549,301,000 | $963,408,000 |
| Purchase Of Investment | $-67,746,000 | $-124,395,000 | $-50,190,000 | $-755,285,000 |
| Net Business Purchase And Sale | $0 | $-243,504,000 | $0 | $137,780,000 |
| Purchase Of Business | $0 | $-243,504,000 | $0 | $0 |
| Change In Working Capital | $-5,933,000 | $-2,630,000 | $-4,449,000 | $-22,202,000 |
| Change In Other Working Capital | $-6,521,000 | $-5,655,000 | $-3,237,000 | $-5,210,000 |
| Change In Payables And Accrued Expense | $2,133,000 | $-2,810,000 | $11,382,000 | $3,703,000 |
| Change In Payable | $2,133,000 | $-2,810,000 | $11,382,000 | $3,703,000 |
| Change In Account Payable | $2,133,000 | $-2,810,000 | $11,382,000 | $3,703,000 |
| Change In Receivables | $-1,545,000 | $5,835,000 | $-12,594,000 | $-20,695,000 |
| Changes In Account Receivables | $-1,545,000 | $5,835,000 | $-12,594,000 | $-20,695,000 |
| Other Non Cash Items | $19,428,000 | $8,752,000 | $14,077,000 | $47,682,000 |
| Stock Based Compensation | $7,333,000 | $5,818,000 | $5,158,000 | $4,652,000 |
| Deferred Tax | $2,219,000 | $1,624,000 | $6,599,000 | $9,065,000 |
| Deferred Income Tax | $2,219,000 | $1,624,000 | $6,599,000 | $9,065,000 |
| Depreciation Amortization Depletion | $29,423,000 | $26,849,000 | $11,711,000 | $11,815,000 |
| Depreciation And Amortization | $29,423,000 | $26,849,000 | $11,711,000 | $11,815,000 |
| Gain Loss On Investment Securities | $8,000 | $20,757,000 | $6,930,000 | $-1,194,000 |
| Gain Loss On Sale Of Business | $0 | $-19,983,000 | $0 | $0 |
| Net Income From Continuing Operations | $226,001,000 | $201,402,000 | $223,786,000 | $222,089,000 |
| Sale Of Business | - | $0 | $0 | $137,780,000 |
Fetched: 2026-07-03