Latest market price
40.59
-0.50-1.22%
TA
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Snapshot
| Index | — | P/E | 12.53 | EPS (ttm) | 3.24 | Insider Own | 2.11% | Shs Outstand | 62.80M | Perf Week | -0.22% |
| Market Cap | 2.55B | Forward P/E | 9.31 | EPS next Y | 4.36 | Insider Trans | -1.82% | Shs Float | 60.97M | Perf Month | 2.55% |
| Enterprise Value | 263.11M | PEG | 0.60 | EPS next Q | 1.03 | Short Float | 3.78% | Perf Quarter | -6.97% | ||
| Income | 197.00M | P/S | 2.27 | EPS this Y | -15.81% | Short Ratio | 5.07 | Perf Half Y | 0.42% | ||
| Sales | 1.12B | P/B | 0.97 | EPS next Y | 34.64% | ROA | 0.94% | Short Interest | 2.30M | Perf YTD | 8.30% |
| Book/sh | 41.97 | P/C | 0.73 | EPS next 5Y | 20.98% | ROE | 7.54% | 52W High | 45.33 -10.46% | Perf Year | 13.89% |
| Cash/sh | 55.32 | P/FCF | 8.33 | EPS past 3/5Y | 0.61% 7.21% | ROIC | 4.82% | 52W Low | 34.66 17.11% | Perf 3Y | 53.92% |
| Dividend Est. | 1.48 (3.65%) | EV/EBITDA | 1.07 | Sales past 3/5Y | 13.77% 13.48% | Gross Margin | 60.04% | Volatility | 1.44% 1.67% | Perf 5Y | -5.76% |
| Dividend TTM | 1.46 (3.60%) | EV/Sales | 0.23 | EPS Y/Y TTM | -19.00% | Oper. Margin | 19.64% | ATR (14) | 0.73 | Perf 10Y | 49.45% |
| Dividend Ex-Date | Sep 04, 2026 | Quick Ratio | 0.21 | Sales Y/Y TTM | 8.08% | Profit Margin | 17.59% | RSI (14) | 52.43 | Recom | 2.08 |
| Dividend Gr. 3/5Y | 4.59% 6.58% | Current Ratio | 0.21 | EPS Q/Q | 11.11% | SMA20 | 1.63% | Beta | 0.90 | Target Price | 46.00 |
| Payout | 34.57% | Debt/Eq | 0.45 | Sales Q/Q | 12.69% | SMA50 | -0.06% | Rel Volume | 0.94 | Prev Close | 41.09 |
| Employees | 2,086 | LT Debt/Eq | 0.41 | Earnings | Jan 25 | SMA200 | -0.35% | Avg Volume | 437.20K | Price | 40.59 |
| IPO Date | Jun 20, 1989 | Option/Short | Yes / Yes | EPS/Sales Surpr. | 5.94% -2.38% | Net Debt/EBITDA | -9.33 | Volume | 412,483 | Change | -1.22% |
Analyst Ratings
| Date | Action | Analyst | Rating | Target |
|---|---|---|---|---|
| Oct-06-26 | Upgrade | Raymond James | Market Perform → Outperform | $46 |
| Feb-04-26 | Reiterated | Piper Sandler | Overweight | $46 → $49 |
| Oct-27-25 | Reiterated | Piper Sandler | Overweight | $47 → $46 |
| Sep-26-25 | Downgrade | Raymond James | Outperform → Market Perform | |
| Jan-31-25 | Upgrade | Hovde Group | Market Perform → Outperform | |
| Oct-28-24 | Reiterated | Piper Sandler | Overweight | $50 → $47 |
| Aug-07-24 | Downgrade | Stephens & Co. | Overweight → Equal Weight | |
| Jul-29-24 | Reiterated | Piper Sandler | Overweight | $43 → $50 |
| Jul-26-24 | Reiterated | Stephens & Co. | Overweight | $45 |
| Apr-29-24 | Reiterated | Piper Sandler | Overweight | $43 |
Latest News· Times ET
Oct-29-26
Oct-26-26
Oct-26-2609:45AM
Oct-22-26
12:05PM
First Merchants Q3 Earnings Call Highlightsmarketbeat.com
Oct-21-26
Oct-21-2608:31PM
06:51PM
04:05PM
First Merchants Corporation Announces Third Quarter 2026 Resultsglobenewswire.com
Oct-20-26
Oct-18-26
Oct-18-2601:58AM
Oct-15-26
Oct-15-2603:05PM
Oct-14-26
Oct-14-2611:01AM
Oct-12-26
Oct-12-2601:28AM
Oct-05-26
Oct-05-2603:00AM
Oct-01-26
Oct-01-2608:10AM
Sep-30-26
Sep-30-2601:45PM
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 Revenue | 1,123 | 1,050 | 1,054 | 999 | — | — | — | — | — | |
| Cost of Goods Sold Incl. D&A | 449 | 410 | 463 | 352 | — | — | — | — | — | |
| Gross Profit | 674 | 640 | 591 | 648 | — | — | — | — | — | |
| Selling, General and Administrative Excl. Other | 347 | 282 | 244 | 251 | — | — | — | — | — | |
| Research and Development | 0 | 0 | 0 | 0 | — | — | — | — | — | |
| Other Operating Expense | 107 | 99 | 115 | 137 | — | — | — | — | — | |
| Operating Income | 220 | 259 | 232 | 259 | — | — | — | — | — | |
| Interest Expense | 400 | 389 | 427 | 348 | — | — | — | — | — | |
| Unusual Expense | — | — | — | — | — | — | — | — | — | |
| Non-Operating Income (Expense) | 399 | 389 | 427 | 348 | — | — | — | — | — | |
| Net Income Before Taxes | 220 | 259 | 232 | 259 | — | — | — | — | — | |
| Income Taxes | 22 | 33 | 30 | 35 | — | — | — | — | — | |
| Consolidated Net Income | 197 | 226 | 201 | 224 | — | — | — | — | — | |
| Net Income From Continuing Operations | 197 | 226 | 201 | 224 | — | — | — | — | — | |
| Net Income | 197 | 226 | 201 | 224 | — | — | — | — | — | |
| EPS (Recurring) | 3.24 | 3.90 | 3.42 | 3.74 | — | — | — | — | — | |
| EPS (Basic, Before Extraordinaries) | 3.24 | 3.90 | 3.42 | 3.74 | — | — | — | — | — | |
| EPS (Diluted) | 3.24 | 3.88 | 3.41 | 3.73 | — | — | — | — | — | |
| EBITDA | 245 | 289 | 259 | 271 | — | — | — | — | — | |
| Other After Tax Adjustments | — | — | — | — | — | — | — | — | — | |
| Stock Option Compensation Expense | — | — | — | — | — | — | — | — | — | |
| Price To Earnings Ratio | 12.53 | 9.66 | 11.70 | 9.94 | — | — | — | — | — | |
| Price To Sales Ratio | 2.24 | 2.07 | 2.20 | 2.19 | — | — | — | — | — | |
| Gross Margin | 60.02 | 60.95 | 56.07 | 64.86 | — | — | — | — | — | |
| Operating Margin | 19.59 | 24.67 | 22.01 | 25.93 | — | — | — | — | — | |
| Net Margin | 17.54 | 21.52 | 19.07 | 22.42 | — | — | — | — | — | |
| Shares Outstanding | 62 | 58 | 58 | 59 | — | — | — | — | — | |
| Market Capitalization | 2,517 | 2,174 | 2,314 | 2,188 | — | — | — | — | — | |
| Operating Lease Expense | — | — | — | — | — | — | — | — | — |
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Insider Trading Volume
Insider Trading
| Insider | Relationship | Date | Transaction | Cost | #Shares | Value ($) | #Shares Total | SEC Form 4 |
|---|---|---|---|---|---|---|---|---|
| FLUHLER STEPHAN | Chief Information Officer | Aug 19 '26 | Sale | 43.20 | 4,080 | 176,256 | 21,694 | Aug 21 |
| Myers Larry W | Director | Jun 12 '26 | Sale | 42.00 | 10,000 | 420,000 | 89,751 | Jun 15 |
| Myers Larry W | Director | Jun 11 '26 | Sale | 41.50 | 10,000 | 415,000 | 99,751 | Jun 15 |
| Myers Larry W | First Vice President | May 05 '26 | Sale | 40.54 | 0 | 16 | 109,751 | May 22 |
| Myers Larry W | First Vice President | Feb 26 '26 | Sale | 41.50 | 5,000 | 207,500 | 109,491 | Feb 26 |
| Scurlock Eva D. | Chief Risk Officer | Feb 12 '26 | Option Exercise | 23.56 | 11,429 | 269,276 | 31,492 | Feb 13 |
| FLUHLER STEPHAN | Chief Information Officer | Feb 11 '26 | Sale | 41.96 | 4,161 | 174,596 | 22,000 | Feb 12 |
| Scurlock Eva D. | Chief Risk Officer | Feb 06 '26 | Sale | 42.29 | 3,227 | 136,470 | 20,063 | Feb 09 |
| FLUHLER STEPHAN | Chief Information Officer | Nov 04 '25 | Sale | 35.55 | 5,689 | 202,244 | 27,753 | Nov 04 |
| Halderman Howard | Director | Dec 30 '24 | Buy | 41.24 | 4 | 165 | 25,131 | Feb 27 |
| Stewart Michael J | President | Dec 16 '24 | Sale | 43.73 | 7,248 | 316,955 | 92,664 | Dec 17 |
| Fehring Patrick J. | Director | Nov 08 '24 | Sale | 43.01 | 26,437 | 1,137,055 | 91,262 | Nov 08 |
| HARDWICK MARK K | Chief Executive Officer | Aug 09 '24 | Sale | 40.22 | 11,833 | 475,922 | 17,749 | Aug 12 |
| WOJTOWICZ JEAN L | Director | Jun 17 '24 | Option Exercise | 21.65 | 1,500 | 32,475 | 55,119 | Jun 20 |
| Fehring Patrick J. | Director | May 30 '24 | Option Exercise | 19.83 | 23,936 | 474,706 | 146,642 | May 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.