FRME

First Merchants Corporation
$39.60
+0.12 (+0.30%)
Mkt Cap 2.49B
Volume 429,183
52W Range 34.66-45.33
Sector Financial Services
Beta 0.88
EPS (TTM) 3.13 USD
P/E Ratio 12.65
Revenue (TTM) 1.09B USD
Rev Growth (5Y) +13.5%
EPS Growth (5Y) +7.2%
AlphaVal · Fair Value
What we estimate one share is worth
$57.15
Undervalued moderate signal
30.7% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
B
Banks, Insurers & Asset Managers
71.7 / 100 composite
A bank, insurer or asset manager — graded A–F vs. similar companies.

Company Description

Track Record

Showing latest 4 periods • Swipe for more
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue 1.05B 1.05B 999.49M 712.95M 555.96M 558.43M 552.09M 484.40M 385.90M 318.51M 281.55M 270.69M
Net Income 226.00M 201.40M 223.79M 222.09M 205.53M 148.60M 164.46M 159.14M 96.07M 81.05M 65.38M 60.16M
EPS 3.90 3.42 3.74 3.83 3.82 2.75 3.20 3.23 2.13 1.99 1.73 1.66
Free Cash Flow 283.65M 266.21M 258.83M 284.29M 215.34M 204.81M 176.73M 180.24M 126.50M 103.72M 56.66M 75.84M
FCF / Share 4.91 4.57 4.36 4.93 4.00 3.79 3.44 3.66 2.80 2.55 1.50 2.09
Operating CF 283.65M 266.21M 258.83M 284.29M 215.34M 204.81M 178.41M 180.24M 126.50M 103.72M 56.66M 75.84M
Total Assets 19.03B 18.31B 18.41B 17.94B 15.45B 14.07B 12.46B 9.88B 9.37B 7.21B 6.76B 5.82B
Total Debt 999.93M 1.16B 1.03B 1.31B 634.25M 684.91M 732.70M 670.96M 834.39M 694.20M 568.54M 411.99M
Cash & Equiv 84.16M 386.51M 548.73M 248.66M 641.30M 585.20M 295.46M 176.21M 189.93M 152.39M 134.49M 166.14M
Book Value 2.47B 2.30B 2.25B 2.03B 1.91B 1.88B 1.79B 1.41B 1.30B 901.66M 850.51M 726.83M
Return on Equity 0.09 0.09 0.10 0.11 0.11 0.08 0.09 0.11 0.07 0.09 0.08 0.08
FRME News
Head-To-Head Comparison: Esquire Financial (NASDAQ:ESQ) vs. First Merchants (NASDAQ:FRME)
Oct 17, 2026 09:58 PM · defenseworld.net
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
Oct 15, 2026 11:05 AM · globenewswire.com
First Merchants (FRME) Reports Next Week: Wall Street Expects Earnings Growth
Oct 14, 2026 07:01 AM · zacks.com
First Merchants Corporation (NASDAQ:FRME) Stock Has Average Target Price of $46.00 According to Brokerages
Oct 11, 2026 09:28 PM · defenseworld.net
First Merchants Bank CEO Mark Hardwick to retire at the end of 2026 and President Mike Stewart to become President and CEO
Oct 01, 2026 04:10 AM · globenewswire.com
First Merchants Corporation to Report Third Quarter 2026 Financial Results, Host Conference Call and Webcast
Sep 30, 2026 09:45 AM · globenewswire.com
First Merchants Corporation Announces Pricing of Subordinated Notes Offering
Sep 23, 2026 01:49 PM · globenewswire.com
KBRA Assigns Ratings to First Merchants Corporation
Sep 17, 2026 12:51 PM · businesswire.com
Bank of America Corp DE Increases Holdings in First Merchants Corporation $FRME
Aug 25, 2026 12:19 AM · defenseworld.net
First Merchants Corporation Announces Cash Dividend
Aug 14, 2026 12:05 PM · globenewswire.com