FRME logo

FIRST MERCHANTS CORP

FRMENASDAQ
πŸ† #1830 by market capEarnings Oct 27US Equity
$40.08β–Ό $0.29 (βˆ’0.73%)
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🏦Market Cap
$2.52B
Small Cap
πŸ“ˆRevenue Growth (YoY)
-0.3%
Declining
πŸ“ŠGross Margin
58.8%
Healthy
πŸ’΅FCF Margin
28.9%
Strong
βš–οΈP/S Ratio
2.3x
Cheap
Otter Score
88
Very Good
No chart data available for FRME.

Trading Snapshot

Day Range
$39.64 – $40.40
52-Week Range
$34.66 – $45.33
Volume
$3.75B
Avg Volume
$2.55B
Shares Outstanding
62.8M
Next Earnings
Nov 10, 2026

Fundamentals Snapshot

Annual Revenue
$1.05B
Last Q Revenue
$298M
P/E Ratio
13.0
P/S Ratio
2.3x
EPS (TTM)
$2.97
Dividend Yield
3.59%
Dilution (1yr)
βˆ’1.4%

Why Investors Own FRME

  • βœ“High-growth profile β€” revenue up +51.6% YoY with expanding US Equity exposure.
  • βœ“Healthy economics β€” 79% gross margin and 7% free-cash-flow margin.
  • βœ“New products and segments could unlock additional revenue streams.
⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

FRME logo

FIRST MERCHANTS CORP

FRME
Financial Trends
RevenueThe total money the company brought in from sales, before subtracting any costs.
$1.1Bβ–Ό βˆ’0.3% YoY
Gross MarginOf every $1 of sales, how much is left after the direct cost of making the product/service. Higher = more efficient.
61.0%β–² +8.7% YoY
Operating IncomeProfit from the core business after operating costs, but before interest and taxes. Negative means the core business isn’t profitable yet.
$259Mβ–² +11.8% YoY
Free Cash FlowCash left over after running the business and paying for equipment/capex. Negative means the company is burning cash.
$284Mβ–² +6.5% YoY
Shares OutstandingHow many shares exist. Rising means the company is issuing more shares, which dilutes (shrinks) each existing owner’s slice.
57.4Mβ–Ό βˆ’1.4% YoY
Net CashCash minus total debt. Positive = more cash than debt (financially strong); negative = more debt than cash (net debt).
βˆ’$916Mβ–Ό βˆ’$144M YoY
StockOtter Β· stockotter.space

About FIRST MERCHANTS CORP

First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank. This institution delivers a full spectrum of community banking solutions. It accepts various types of deposits, including term, savings, and checking accounts. The company also extends a wide array of lending products, such as consumer, commercial, agricultural business, and real estate mortgage loans, in addition to public finance options. Beyond standard banking, First Merchants provides personal and corporate trust services, brokerage capabilities, and private wealth management. Its corporate offerings further include letters of credit, repurchase agreements, and other specialized financial services. The company maintains a network of 109 physical banking locations situated across counties in Indiana, Illinois, Ohio, and Michigan. Furthermore, it offers convenient access to its services via electronic and mobile platforms. First Merchants Corporation was established in 1893 and is headquartered in Muncie, Indiana.

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Otter Score Breakdown

How it's scoredFive components, each rated 1–5β˜… and equally weighted (20%), averaged to a 0–100 score:πŸ’Ž Quality β€” gross marginπŸš€ Growth β€” revenue YoYβš–οΈ Valuation β€” P/S ratio⚑ Momentum β€” 30-day price changeπŸ’§ Dilution β€” 1-yr share issuance (buybacks score higher)
πŸ’ŽQualityβ˜…β˜…β˜…β˜…β˜…
πŸš€Growthβ˜…β˜…β˜…β˜…β˜…
βš–οΈValuationβ˜…β˜…β˜…β˜…β˜…
⚑Momentumβ˜…β˜…β˜…β˜…β˜…
πŸ’§Dilutionβ˜…β˜…β˜…β˜…β˜…
Overall Score
Very Good
88/100

Analyst Price Target

β“˜
Average Target
$48.32
β–² +20.6% Upside
High Target$55.95
Low Target$36.72
Based on 14 analysts

Latest News & Updates

GlobeNewsWireΒ·6d ago

First Merchants Corporation Announces Pricing of Subordinated Notes Offering

MUNCIE, Ind., Sept. 23, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq: FRME) (the β€œCompany”) today announced the pricing of its offering of $100 million of its 6.750% Fixed-to-Floating Rate Subordinated No

Business WireΒ·12d ago

KBRA Assigns Ratings to First Merchants Corporation

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 to Muncie, Indiana-based First Merchants Corpora

Defense WorldΒ·Aug 25

Bank of America Corp DE Increases Holdings in First Merchants Corporation $FRME

Bank of America Corp DE lifted its holdings in shares of First Merchants Corporation (NASDAQ: FRME) by 46.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (

GlobeNewsWireΒ·Aug 14

First Merchants Corporation Announces Cash Dividend

MUNCIE, Ind., Aug. 14, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 14, 2026 of $0.37 per common share. The dividend is payable on September 18, 2026 to common shareholders of r

Zacks Investment ResearchΒ·Jul 27

Why First Merchants (FRME) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes?

Seeking AlphaΒ·Jul 23

First Merchants Corporation (FRME) Q2 2026 Earnings Call Transcript

First Merchants Corporation (FRME) Q2 2026 Earnings Call Transcript