First Merchants Corporation (FRME)

Currency in USD
40.05
+0.25(+0.63%)
Closed·
After Hours
40.050.00(0.00%)
·
FRME Scorecard
Full Analysis
Has raised its dividend for 13 consecutive years
FRME is not included in our AI-picked strategies. See which stocks are.
Fair Value
Day's Range
39.8240.74
52 wk Range
33.1346.13
Key Statistics
Prev. Close
40.05
Open
39.86
Day's Range
39.82-40.74
52 wk Range
33.13-46.13
Volume
258.21K
Average Volume (3m)
307.04K
1-Year Change
-3.14%
Book Value / Share
39.84
Fair Value
unlockUnlock
Fair Value Upside
unlockUnlock
FRME Scorecardpro icon
Company’s Health
Unlock
Fair Value
Unlock Price
Fair Price
Upside
Price Target
46.00
Upside
+14.86%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a low P/E ratio relative to near-term earnings growth
Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Buy

First Merchants Corporation Company Profile

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, home equity lending, vehicle loans, and personal loans; and local commercial lending, asset-based lending solutions, agricultural lending, commercial real estate solutions, debt capital markets, practice finance, public finance, small business administration lending, and sponsor finance services. It also provides personal and commercial wealth management services, trust services, retirement planning, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

Sector
Financial
Employees
2120

First Merchants Corporation SWOT Analysis


Strategic Divestiture
First Merchants Corporation's sale of Illinois branches to Old Second Bancorp reshapes market presence, generating a $23 million deposit premium and enhancing operational focus
Financial Health
Explore FRME's robust financial performance, with a 41.54% price return over six months and strong pre-provision net revenue, despite a slight credit quality decline
Market Positioning
Delve into FRME's strategic concentration on core markets, potentially leading to deeper customer relationships and improved operational efficiency
Future Prospects
Analysts project a bullish outlook with price targets around $45, citing positive momentum and increased balance sheet flexibility from the recent branch sale
Read full SWOT analysis

First Merchants Corporation Earnings Call Summary for Q1/2025

  • First Merchants Q1 2025 EPS of $0.94 beat forecast of $0.92, but revenue missed at $160.32M vs $171.03M expected
  • Net income rose 15.6% YoY to $54.9M; strong mortgage banking performance with significant volume growth
  • Stock declined 1.41% pre-market despite EPS beat; company maintains dividend streak and 3.79% yield
  • Guidance: mid to high single-digit loan growth, stable NIM; double-digit growth in mortgage and wealth management
  • Executed $10M share repurchase; monitoring tariff impacts; analyst targets range $44-$55 with some downward revisions
Last Updated: 24/04/2025, 17:38
Read Full Transcript

Compare FRME to Peers and Sector

Metrics to compare
FRME
Peers
Sector
Relationship
P/E Ratio
10.2x12.5x9.6x
PEG Ratio
0.441.270.03
Price/Book
1.0x0.7x1.0x
Price / LTM Sales
3.6x3.3x2.9x
Upside (Analyst Target)
13.6%15.6%10.6%
Fair Value Upside
Unlock1.1%1.9%Unlock

Analyst Ratings

5 Buy
1 Hold
0 Sell
Ratings:
6 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 46.00
(+14.86% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 3.88%
Dividend Yield
3.60%
Industry Median 3.42%
Annualised payout
1.44
Paid quarterly
5-Years Growth
+6.28%
Growth Streak

Earnings

Latest Release
Jul 23, 2025
EPS / Forecast
0.98 / 0.95
Revenue / Forecast
164.32M / 172.41M
EPS Revisions
Last 90 days

FRME Income Statement

People Also Watch

78.56
ATKR
-1.36%
7.350
COMP
+1.80%
192.58
BMI
-0.22%
14.45
ACVA
-0.89%
34.98
FORM
+2.61%

FAQ

What Stock Exchange Does First Merchants Trade On?

First Merchants is listed and trades on the Nasdaq Stock Exchange stock exchange.

What Is the Stock Symbol for First Merchants?

The stock symbol for First Merchants is "FRME."

What Is the First Merchants Market Cap?

As of today, First Merchants market cap is 2.29B.

What Is First Merchants's Earnings Per Share (TTM)?

The First Merchants EPS (TTM) is 3.88.

When Is the Next First Merchants Earnings Date?

First Merchants will release its next earnings report on 27 Oct 2025.

From a Technical Analysis Perspective, Is FRME a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Neutral.

How Many Times Has First Merchants Stock Split?

First Merchants has split 6 times.

How Many Employees Does First Merchants Have?

First Merchants has 2120 employees.

What is the current trading status of First Merchants (FRME)?

As of 29 Jul 2025, First Merchants (FRME) is trading at a price of 40.05, with a previous close of 40.05. The stock has fluctuated within a day range of 39.82 to 40.74, while its 52-week range spans from 33.13 to 46.13.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.