FIRST MERCHANTS CORP
FRMENASDAQTrading Snapshot
- Day Range
- $39.64 β $40.40
- 52-Week Range
- $34.66 β $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)
- β1.4%
Why Investors Own FRME
- βHigh-growth profile β revenue up +51.6% YoY with expanding US Equity exposure.
- βHealthy economics β 79% gross margin and 7% free-cash-flow margin.
- βNew products and segments could unlock additional revenue streams.
Execution delays, intensifying competition, and valuation compression if growth decelerates.
FIRST MERCHANTS CORP
FRMEAbout 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.
Otter Score Breakdown
How it's scoredFive components, each rated 1β5β and equally weighted (20%), averaged to a 0β100 score:π Quality β gross marginπ Growth β revenue YoYβοΈ Valuation β P/S ratioβ‘ Momentum β 30-day price changeπ§ Dilution β 1-yr share issuance (buybacks score higher)Analyst Price Target
βLatest News & Updates

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

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

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 (

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

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?

First Merchants Corporation (FRME) Q2 2026 Earnings Call Transcript
First Merchants Corporation (FRME) Q2 2026 Earnings Call Transcript