FRME — First Merchants Corporation stock price, charts and financials

QT60First Merchants Corporation

First Merchants Corporation (NASDAQ: FRME) is a Financial Services company in the Banks - Regional industry. QuoTrend tracks its price, financials, earnings, analyst ratings and insider trades.

Latest market price
43.63
+0.49+1.14%
FRMEQT60First Merchants Corporation·NASDAQ
43.63+1.14%
TA
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Signal & projected range
Earnings big miss — drift (PEAD)Historical pattern — not a prediction
Recent priceDays this stock last showed the setupRange of past outcomes (±1σ)
Horizon
0%Past 3 monthsToday
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Over the next 20 trading days, similar setups historically landed in a measured range of outcomes. Unlock with Premium to see the median return, the typical range, and how often they were positive. This is the historical range of outcomes — not a prediction of this stock’s price.

Ranges describe how this exact setup resolved in the past — derived from thousands of historical occurrences across QuoTrend’s coverage since 2006, survivorship-corrected to include companies that later delisted. The band is the typical spread (±1σ) of those outcomes, not a forecast; the central value is their average move. Fewer matching cases over longer horizons widen the band and lower its reliability. Backtested results are hypothetical, based on historical data, and do not represent actual trading. Past performance does not guarantee or predict future results. QuoTrend is an educational research tool, not investment advice. Markets involve risk, including loss of principal.

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Snapshot
Index-P/E13.78EPS (ttm)3.13Insider Own2.03%Shs Outstand63.02MPerf Week-0.09%
Market Cap2.72BForward P/E9.63EPS next Y4.48Insider Trans-2.53%Shs Float61.73MPerf Month-2.60%
Enterprise Value3.71BPEG-EPS next Q1.05Inst Own-Short Float2.62%Perf Quarter6.68%
Income187.33MP/S2.50EPS this Y3.35%Inst Trans-Short Ratio4.27Perf Half Y10.84%
Sales1.09BP/B1.00EPS next Y38.54%ROA0.87%Short Interest1.62MPerf YTD15.10%
Book/sh-P/C8.57EPS next 5Y38.54%ROE7.26%52W High45.84 -4.83%Perf Year11.59%
Cash/sh-P/FCF8.63EPS past 3/5Y0.61% 7.21%ROIC4.08%52W Low35.05 24.47%Perf 3Y33.23%
Dividend Est.1.48 (3.39%)EV/EBITDA16.18Sales past 3/5Y13.77% 13.48%Gross Margin58.82%Volatility2.39% 2.37%Perf 5Y7.58%
Dividend TTM1.45 (3.32%)EV/Sales3.40EPS Y/Y TTM-8.21%Oper. Margin18.95%ATR (14)1.14Perf 10Y70.11%
Dividend Ex-DateJun 05, 2026Quick Ratio0.24Sales Y/Y TTM3.23%Profit Margin17.08%RSI (14)51.05Recom2.17
Dividend Gr. 3/5Y4.59% 6.58%Current Ratio0.24EPS Q/Q-24.49%SMA20-0.50%Beta0.85Target Price49.00
Payout47.43%Debt/Eq0.59Sales Q/Q13.79%SMA502.49%Rel Volume0.81Prev Close43.14
Employees2,086LT Debt/Eq0.35EarningsOct 28SMA2009.38%Avg Volume409.97KPrice43.63
IPO DateJun 20, 1989Option/ShortYes / YesEPS/Sales Surpr.-27.57% -0.14%Net Debt/EBITDA4.31Volume332,122Change1.14%
Analyst Ratings
DateActionAnalystRatingTarget
Feb-04-26ReiteratedPiper SandlerOverweight$46$49
Oct-27-25ReiteratedPiper SandlerOverweight$47$46
Sep-26-25DowngradeRaymond JamesOutperformMarket Perform
Jan-31-25UpgradeHovde GroupMarket PerformOutperform
Oct-28-24ReiteratedPiper SandlerOverweight$50$47
Aug-07-24DowngradeStephens & Co.OverweightEqual Weight
Jul-29-24ReiteratedPiper SandlerOverweight$43$50
Jul-26-24ReiteratedStephens & Co.Overweight$45
Apr-29-24ReiteratedPiper SandlerOverweight$43
Feb-21-23DowngradeRaymond JamesStrong BuyOutperform
Latest News
Jul-27-26
Jul-23-26
Jul-22-26
Jul-17-26
Jul-15-26
Jul-13-26
Jul-10-26
Jul-02-26
Jun-26-26
Jun-24-26
Jun-12-26
Company

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.

Ownership

Per-holder 13F data hasn't been ingested for this ticker yet.

Financial Statements
DataTimeframe
Line Item (USD, M)
TTM
FY 2025
12/31/2025
FY 2024
12/31/2024
FY 2023
12/31/2023
FY 2022
12/31/2022
FY 2021
12/31/2021
FY 2020
12/31/2020
FY 2019
12/31/2019
FY 2018
12/31/2018
Total Revenue1,0891,0501,054999713556558552484
Cost of Goods Sold Incl. D&A4494104633521023612511276
Gross Profit640640591648611520433441408
Selling, General and Administrative Excl. Other315282244251225179168151139
Research and Development
000000000
Other Operating Expense12099115137131100959681
Operating Income205259232259256241170194188
Interest Expense39838942734885366610969
Unusual Expense
Non-Operating Income (Expense)39738942734885366610969
Net Income Before Taxes205259232259256241170194188
Income Taxes203330353435212929
Consolidated Net Income186226201224222206149164159
Net Income From Continuing Operations186226201224222206149164159
Net Income186226201224222206149164159
EPS (Recurring)3.133.903.423.743.833.822.753.203.23
EPS (Basic, Before Extraordinaries)3.133.903.423.743.833.822.753.203.23
EPS (Diluted)3.133.883.413.733.813.812.743.193.22
EBITDA228289259271267251181203197
Other After Tax Adjustments
Stock Option Compensation Expense
Price To Earnings Ratio13.949.6611.709.9410.7910.9913.6513.0410.64
Price To Sales Ratio2.522.072.202.193.344.073.623.843.47
Gross Margin58.7760.9556.0764.8685.6993.5377.6079.8984.30
Operating Margin18.8224.6722.0125.9335.9043.3530.4735.1438.84
Net Margin17.0821.5219.0722.4231.1437.0526.7029.7132.85
Shares Outstanding635858595854545149
Market Capitalization2,7492,1742,3142,1882,3842,2622,0202,1211,679
Operating Lease Expense
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Insider Trading Volume
$46.77$43.44$40.11$36.78$33.45 Close Price0.00K208.75K417.50K626.25K835.00KUSD Trades VolumeAugSepOctNovDec2026FebMarAprMayJunJulAug
Insider Trading
InsiderRelationshipDateTransactionCost#SharesValue ($)#Shares TotalSEC Form 4
Myers Larry WDirectorJun 12 '26Sale42.0010,000420,00089,751Jun 15
Myers Larry WDirectorJun 11 '26Sale41.5010,000415,00099,751Jun 15
Myers Larry WFirst Vice PresidentMay 05 '26Sale40.54016109,751May 22
Myers Larry WFirst Vice PresidentFeb 26 '26Sale41.505,000207,500109,491Feb 26
Scurlock Eva D.Chief Risk OfficerFeb 12 '26Option Exercise23.5611,429269,27631,492Feb 13
FLUHLER STEPHANofficer, other: Chief Information OfficerFeb 11 '26Sale41.964,161174,59622,000Feb 12
Scurlock Eva D.Chief Risk OfficerFeb 06 '26Sale42.293,227136,47020,063Feb 09
FLUHLER STEPHANofficer, other: Chief Information OfficerNov 04 '25Sale35.555,689202,24427,753Nov 04
Halderman HowardDirectorDec 30 '24Buy41.24416525,131Feb 27
Stewart Michael JPresidentDec 16 '24Sale43.737,248316,95592,664Dec 17
Fehring Patrick J.DirectorNov 08 '24Sale43.0126,4371,137,05591,262Nov 08
HARDWICK MARK KChief Executive OfficerAug 09 '24Sale40.2211,833475,92217,749Aug 12
WOJTOWICZ JEAN LDirectorJun 17 '24Option Exercise21.651,50032,47555,119Jun 20
Fehring Patrick J.DirectorMay 30 '24Option Exercise19.8323,936474,706146,642May 31
Fehring Patrick J.DirectorMay 30 '24Sale32.5123,936778,159122,706May 31
QuoTrend signals describe historical patterns and statistics — educational information, not investment advice or a recommendation to buy or sell. Past performance doesn’t guarantee future results. Every figure traces to QuoTrend data. Historical patterns — not a prediction or advice.