FRME

First Merchants Corp

41.75

Nov 03 • 4:02 AM ET +0.39 (0.95%)

Financial Banks - Regional USA Mid NASD

Peers: FFBC LKFN ONB SRCE BUSE HBNC PRK FCF STBA MBIN

| Held by: VTI IWM VB DFSV VBR DFAT VXF IWN KRE DFAS

Index	RUT
Market Cap	2.62B
Enterprise Value	-
Income	195.64M
Sales	1.12B
Book/sh	41.97
Cash/sh	-
Dividend Est.	1.47 (3.52%)
Dividend TTM	1.46 (3.50%)
Dividend Ex-Date	Sep 04, 2026
Dividend Gr. 3/5Y	4.59% 6.58%
Payout	36.83%
Employees	2086
IPO	Jun 20, 1989

P/E	12.96
Forward P/E	9.58
PEG	1.39
P/S	2.34
P/B	0.99
P/C	-
P/FCF	8.56
EV/EBITDA	-
EV/Sales	-
Quick Ratio	-
Current Ratio	0.09
Debt/Eq	0.45
LT Debt/Eq	0.29
Option/Short	Yes / Yes

EPS (ttm)	3.22
EPS next Y	4.36
EPS next Q	1.00
EPS this Y	-16.54%
EPS next Y	34.64%
EPS next 5Y	6.90%
EPS past 3/5Y	0.65% 7.21%
Sales past 3/5Y	13.83% 13.48%
EPS Y/Y TTM	-19.33%
Sales Y/Y TTM	7.98%
EPS Q/Q	10.93%
Sales Q/Q	12.30%
Earnings	Oct 21 AMC
EPS/Sales Surpr.	4.98% 0.69%

Insider Own	2.16%
Insider Trans	-1.76%
Inst Own	75.21%
Inst Trans	0.87%
ROA	0.99%
ROE	7.82%
ROIC	5.82%
Gross Margin	-
Oper. Margin	19.62%
Profit Margin	17.46%
SMA20	4.06%
SMA50	2.85%
SMA200	2.43%
Trades

Shs Outstand	62.21M
Shs Float	60.86M
Short Float	3.78%
Short Ratio	5.24
Short Interest	2.30M
52W High	45.33 -7.89%
52W Low	34.66 20.47%
Volatility	1.64% 1.70%
ATR (14)	0.73
RSI (14)	62.06
Beta	0.90
Rel Volume	0.00
Avg Volume	439.22K
Volume	1

Perf Week	2.01%
Perf Month	4.99%
Perf Quarter	-3.73%
Perf Half Y	2.97%
Perf YTD	11.40%
Perf Year	16.79%
Perf 3Y	40.82%
Perf 5Y	-4.01%
Perf 10Y	50.74%
Recom	1.50
Target Price	46.33
Prev Close	41.36
Price	41.75
Change %	0.95%

Consensus

Buy

Avg. Price Target

$46.33

Implied Upside

+11.0%

Analysts6incl. previous ratings

Rating Distribution4 Buy · 2 Hold · 0 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Oct 06, 2026	Upgrade	RRaymond James	Mkt Perform → Outperform	$46	+10.2%
Sep 26, 2025	Downgrade	RRaymond James	Outperform → Mkt Perform
Jan 31, 2025	Upgrade	HHovde Group	Market Perform → Outperform	$50	+19.7%
Aug 12, 2024	Resumed	HHovde Group	Market Perform	$35 → $38	-9.0%
Aug 07, 2024	Downgrade	SStephens	Overweight → Equal-Weight	$45 → $38	-9.0%
Feb 21, 2023	Downgrade	RRaymond James	Strong Buy → Outperform	$50	+19.7%
Jul 07, 2022	Upgrade	RRaymond James	Outperform → Strong Buy
Dec 13, 2021	Upgrade	HHovde Group	Market Perform → Outperform	$47	+12.6%
Jul 29, 2021	Upgrade	JJanney	Neutral → Buy	$48	+15.0%
Feb 01, 2021	Upgrade	RRaymond James	Mkt Perform → Outperform	$46	+10.2%
Nov 12, 2020	Upgrade	SStephens	Equal-Weight → Overweight	$35	-16.2%
Jun 17, 2020	Downgrade	RRaymond James	Outperform → Mkt Perform
Apr 09, 2020	Downgrade	SStephens	Overweight → Equal-Weight
Jul 09, 2019	Upgrade	SStephens	Equal-Weight → Overweight	$44	+5.4%
May 22, 2019	Initiated	HHovde Group	Market Perform	$39	-6.6%
Apr 09, 2019	Initiated	RRaymond James	Outperform	$42	+0.6%
Nov 19, 2018	Upgrade	SSandler O'Neill	Hold → Buy
Jul 30, 2018	Downgrade	SStephens	Overweight → Equal-Weight
Oct 06, 2017	Resumed	PPiper Jaffray	Neutral	$46	+10.2%
Jul 11, 2016	Initiated	PPiper Jaffray	Neutral

Oct-22-26 06:33PM	First Merchants Beats As Margin Expansion And Credit Cleanup Lift Earnings, But Slower Loans And Higher Costs Temper The Rebound (Earnings Whispers)
Oct-21-26 04:32PM	First Merchants: Q3 Earnings Snapshot (Associated Press)
04:05PM	First Merchants Corporation Announces Third Quarter 2026 Results (GlobeNewswire)
Oct-15-26 03:05PM	First Merchants Corporation Announces Cash Dividend on Its Preferred Stock (GlobeNewswire)
Oct-01-26 08:10AM	First Merchants Bank CEO Mark Hardwick to retire at the end of 2026 and President Mike Stewart to become President and CEO (GlobeNewswire)
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Sep-30-26 01:45PM	First Merchants Corporation to Report Third Quarter 2026 Financial Results, Host Conference Call and Webcast (GlobeNewswire)
Sep-23-26 05:49PM	First Merchants Corporation Announces Pricing of Subordinated Notes Offering (GlobeNewswire)
Aug-14-26 04:05PM	First Merchants Corporation Announces Cash Dividend (GlobeNewswire)
Jul-23-26 05:01PM	First Merchants Corp (FRME) Q2 2026 Earnings Call Highlights: Strong Loan Growth Amid Credit ... (GuruFocus.com)
Jul-22-26 04:36PM	First Merchants: Q2 Earnings Snapshot (Associated Press)
04:05PM	First Merchants Corporation Announces Second Quarter 2026 Results (GlobeNewswire)
Jul-15-26 01:47PM	Small-cap outperformance is persisting - and these 15 quality stocks pay rich dividends (MarketWatch)
Jul-13-26 04:05PM	First Merchants Corporation Announces Cash Dividend on its Preferred Stock (GlobeNewswire)
Jul-02-26 10:00AM	First Merchants Corporation to Report Second Quarter 2026 Financial Results, Host Conference Call and Webcast (GlobeNewswire)
Jun-25-26 02:30PM	First Merchants Bank and NCRC Announce New $2 Billion Community Benefits Agreement to Expand Impact Across the Midwest (GlobeNewswire)
01:30PM	Loading…
Jun-04-26 01:30PM	First Merchants Bank Recognized on Forbes' World's Best Banks 2026 List (GlobeNewswire)
May-19-26 04:05PM	First Merchants Corporation Appoints Paul Fultz to Its Boards of Directors (GlobeNewswire)
02:40PM	First Merchants Corporation Announces Cash Dividend (GlobeNewswire)
Apr-24-26 03:08AM	First Merchants Corp (FRME) Q1 2026 Earnings Call Highlights: Strong Financial Performance Amid ... (GuruFocus.com)
Apr-22-26 04:32PM	First Merchants: Q1 Earnings Snapshot (Associated Press)
04:05PM	First Merchants Corporation Announces First Quarter 2026 Results (GlobeNewswire)
Apr-16-26 04:05PM	First Merchants Corporation Announces Cash Dividend on Its Preferred Stock (GlobeNewswire)
Apr-02-26 10:00AM	First Merchants Corporation to Report First Quarter 2026 Financial Results, Host Conference Call and Webcast (GlobeNewswire)
Mar-31-26 07:27AM	First Merchants Bank Selects Spiral to Power Personalized Savings and Community Giving Through Everyday Banking (Business Wire)
Mar-02-26 11:45AM	Why First Merchants (FRME) is a Great Dividend Stock Right Now (Zacks)
Feb-18-26 09:10AM	Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks (Zacks)
Feb-16-26 11:01PM	First Merchants (FRME): Buy, Sell, or Hold Post Q4 Earnings? (StockStory)
Feb-12-26 11:45AM	Why First Merchants (FRME) is a Top Dividend Stock for Your Portfolio (Zacks)
09:10AM	3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income (Zacks)
Feb-10-26 11:25AM	First Merchants Corporation Announces Cash Dividend (GlobeNewswire)
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Feb-09-26 11:05AM	First Merchants Corporation Appoints Larry Myers to Its Board of Directors (GlobeNewswire)
Feb-02-26 08:00AM	First Merchants Corporation Completes Legal Closing of First Savings Financial Group Merger (GlobeNewswire)
12:31AM	First Merchants's Q4 Earnings Call: Our Top 5 Analyst Questions (StockStory)
Jan-27-26 04:01PM	First Merchants Corp (FRME) Q4 2025 Earnings Call Highlights: Record Growth and Strategic Expansion (GuruFocus.com)
02:00PM	FRME Q4 Deep Dive: Loan Growth, Deposit Trends, and First Savings Acquisition Shape Outlook (StockStory)
11:45AM	First Merchants (FRME) Could Be a Great Choice (Zacks)
10:54AM	First Merchants Q4 Earnings Call Highlights (MarketBeat)
Jan-26-26 06:00PM	Compared to Estimates, First Merchants (FRME) Q4 Earnings: A Look at Key Metrics (Zacks)
05:20PM	First Merchants (FRME) Q4 Earnings and Revenues Top Estimates (Zacks)
04:26PM	First Merchants: Q4 Earnings Snapshot (Associated Press Finance)
04:18PM	First Merchants (NASDAQ:FRME) Misses Q4 CY2025 Sales Expectations (StockStory)
04:05PM	First Merchants Corporation Announces Fourth Quarter 2025 Earnings Per Share (GlobeNewswire)
Jan-24-26 10:05PM	First Merchants (FRME) Reports Q4: Everything You Need To Know Ahead Of Earnings (StockStory)
Jan-22-26 07:10AM	Commerce Bancshares (CBSH) Q4 Earnings and Revenues Top Estimates (Zacks)
Jan-21-26 09:15AM	Unveiling First Merchants (FRME) Q4 Outlook: Wall Street Estimates for Key Metrics (Zacks)
Jan-12-26 03:30PM	First Merchants Corporation Announces Cash Dividend on Its Preferred Stock (GlobeNewswire)
Jan-07-26 04:50PM	Banking: M&A activity will see 'very rapid' boost in 2026 (Yahoo Finance Video)
Jan-06-26 10:00AM	First Merchants Corporation to Report Fourth Quarter 2025 Financial Results, Host Conference Call and Webcast (GlobeNewswire)
Dec-04-25 08:00AM	Looking For Yields: HP, Black Hills, And First Merchants Are Consistent Moneymakers (Benzinga)
Nov-25-25 09:10AM	Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks (Zacks)
Nov-24-25 03:56AM	Zacks Value Investor Highlights: Truist Financial, First Merchants, Valley National, Simmons First National and Prosperity Bancshares (Zacks)
Nov-21-25 07:02PM	5 of the Cheapest Bank Stocks for 2026 (Zacks)
Nov-19-25 11:02PM	3 Reasons to Sell FRME and 1 Stock to Buy Instead (StockStory)
10:35PM	Regional Banks Stocks Q3 Recap: Benchmarking First Merchants (NASDAQ:FRME) (StockStory)
Nov-14-25 04:05PM	First Merchants Corporation Announces Cash Dividend (GlobeNewswire)
02:48PM	1 Bank Stock with Exciting Potential and 2 We Find Risky (StockStory)
09:55AM	Does First Merchants (FRME) Have the Potential to Rally 26.14% as Wall Street Analysts Expect? (Zacks)
Oct-29-25 01:33AM	5 Insightful Analyst Questions From First Merchants's Q3 Earnings Call (StockStory)
Oct-28-25 01:16PM	How Tyson Foods, First Merchants, And Fidelity National Financial Can Put Cash In Your Pocket (Benzinga)
Oct-24-25 09:51AM	FRME Q3 Deep Dive: Loan Growth, Deposit Competition, and M&A Integration in Focus (StockStory)
Oct-23-25 03:05PM	First Merchants Corp (FRME) Q3 2025 Earnings Call Highlights: Strong Loan Growth and Strategic ... (GuruFocus.com)
Oct-22-25 06:00PM	First Merchants (FRME) Reports Q3 Earnings: What Key Metrics Have to Say (Zacks)
05:25PM	First Merchants (FRME) Q3 Earnings Top Estimates (Zacks)
04:37PM	First Merchants's (NASDAQ:FRME) Q3 Earnings Results: Revenue In Line With Expectations (StockStory)
04:32PM	First Merchants: Q3 Earnings Snapshot (Associated Press Finance)
04:05PM	First Merchants Corporation Announces Third Quarter 2025 Earnings per Share (GlobeNewswire)
09:32AM	What To Expect From First Merchants Corp (FRME) Q3 2025 Earnings (GuruFocus.com)
Oct-21-25 09:24AM	What To Expect From First Merchants Corp (FRME) Q3 2025 Earnings (GuruFocus.com)
Oct-20-25 11:01PM	What To Expect From First Merchants's (FRME) Q3 Earnings (StockStory)
Oct-16-25 03:01PM	First Merchants, First Interstate BancSystem, First Hawaiian Bank, First Financial Bankshares, and First Financial Bancorp Shares Plummet, What You Need To Know (StockStory)
11:45AM	Are You Looking for a High-Growth Dividend Stock? (Zacks)
Oct-15-25 02:30PM	First Merchants Corporation Announces Cash Dividend on Its Preferred Stock (GlobeNewswire)
Oct-03-25 10:36AM	Best Value Stock to Buy for October 3rd (Zacks)
04:00AM	Best Value Stock to Buy for October 2nd (Zacks)
12:04AM	3 Reasons to Avoid FRME and 1 Stock to Buy Instead (StockStory)
Oct-02-25 10:00AM	First Merchants Corporation to Report Third Quarter 2025 Financial Results, Host Conference Call and Webcast (GlobeNewswire)
Sep-30-25 11:45AM	First Merchants (FRME) Could Be a Great Choice (Zacks)
Sep-26-25 08:10AM	Indianas First Merchants to buy in-state peer for $241.3M (Banking Dive)
Sep-25-25 08:15AM	First Merchants Corporation and First Savings Financial Group, Inc. Announce Signing of Definitive Merger Agreement (GlobeNewswire)
Aug-22-25 02:31PM	First Merchants, First Interstate BancSystem, FB Financial, Enterprise Financial Services, and Eastern Bank Stocks Trade Up, What You Need To Know (StockStory) +5.19%
Aug-15-25 02:00PM	First Merchants Corporation Announces Cash Dividend (GlobeNewswire)
Aug-12-25 10:01PM	Why First Merchants, Philip Morris, And Alliant Energy Are Winners For Passive Income (Benzinga)
Aug-10-25 11:34PM	Unpacking Q2 Earnings: First Merchants (NASDAQ:FRME) In The Context Of Other Regional Banks Stocks (StockStory)
Jul-23-25 05:36PM	First Merchants (NASDAQ:FRME) Reports Sales Below Analyst Estimates In Q2 Earnings (StockStory)
05:25PM	First Merchants (FRME) Surpasses Q2 Earnings Estimates (Zacks)
04:21PM	First Merchants: Q2 Earnings Snapshot (Associated Press Finance)
04:05PM	First Merchants Corporation Announces Second Quarter 2025 Earnings Per Share (GlobeNewswire)
09:40AM	Earnings To Watch: First Merchants Corp (FRME) Reports Q2 2025 Result (GuruFocus.com)
Jul-22-25 09:25AM	What To Expect From First Merchants Corp (FRME) Q2 2025 Earnings (GuruFocus.com)
Jul-21-25 11:02PM	First Merchants Earnings: What To Look For From FRME (StockStory)
Jul-15-25 09:00AM	First Merchants Corporation Announces Cash Dividend on Its Preferred Stock (GlobeNewswire)
Jul-03-25 08:00AM	How Essential Utilities, Idacorp, And First Merchants Can Put Cash In Your Pocket (Benzinga)
Jun-30-25 07:00AM	First Merchants Corporation to Report Second Quarter 2025 Financial Results, Host Conference Call and Webcast (GlobeNewswire)
12:02AM	First Merchants (FRME): Buy, Sell, or Hold Post Q1 Earnings? (StockStory)
Jun-23-25 02:47PM	FRME Q1 Deep Dive: Loan Growth and Deposit Costs Shape Mixed Market Response (StockStory)
Jun-19-25 12:01AM	3 Reasons FRME is Risky and 1 Stock to Buy Instead (StockStory)
May-25-25 08:01AM	Why First Merchants, Terreno Realty, And Evergy Are Winners For Passive Income (Benzinga)

Show Previous News

Insider Trading	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 10:25 AM
Stephan H. Fluhler	Chief Information Officer	Aug 19 '26	Proposed Sale	43.20	4,080	176,256		Aug 19 11:21 AM
Myers Larry W	Director	Jun 12 '26	Sale	42.00	10,000	420,000	89,751	Jun 15 11:15 AM
Myers Larry W	Director	Jun 11 '26	Sale	41.50	10,000	415,000	99,751	Jun 15 11:15 AM
Larry W Myers	Director	Jun 11 '26	Proposed Sale	41.50	20,000	830,000		Jun 11 04:31 PM
Myers Larry W	First Vice President	May 05 '26	Sale	40.54	0	16	109,751	May 22 01:23 PM
Myers Larry W	First Vice President	Feb 26 '26	Sale	41.50	5,000	207,500	109,491	Feb 26 05:09 PM
Larry W. Myers	Director	Feb 26 '26	Proposed Sale	41.03	25,000	1,025,750		Feb 26 02:22 PM
Scurlock Eva D.	Chief Risk Officer	Feb 12 '26	Option Exercise	23.56	11,429	269,276	31,492	Feb 13 05:26 PM
FLUHLER STEPHAN	Chief Information Officer	Feb 11 '26	Sale	41.96	4,161	174,596	22,000	Feb 12 03:00 PM
Stephan H. Fluhler	Chief Information Officer	Feb 10 '26	Proposed Sale	41.90	4,161	174,346		Feb 10 01:50 PM
Scurlock Eva D.	Chief Risk Officer	Feb 06 '26	Sale	42.29	3,227	136,470	20,063	Feb 09 02:53 PM
Scurlock Eva D	Chief Risk Officer	Feb 04 '26	Proposed Sale	40.81	3,227	131,694		Feb 04 09:15 AM
FLUHLER STEPHAN	Chief Information Officer	Nov 04 '25	Sale	35.55	5,689	202,244	27,753	Nov 04 04:43 PM
Stephan H. Fluhler	Chief Information Officer	Nov 04 '25	Proposed Sale	35.75	5,689	203,382		Nov 03 05:22 PM

First Merchants Corp. (Indiana) is a bank holding company, which engages in the provision of financial services. It also offers personal banking, business banking, mortgage lending, treasury management services, and wealth management. The company was founded in September 1982 and is headquartered in Muncie, IN.

CEO & DirectorMr. Mark K. Hardwick C.P.A.

Advisor & Vice ChairMr. Michael C. Rechin

PresidentMr. Michael J. Stewart

Executive VPMs. Michele M. Kawiecki

Executive VP & Chief Credit OfficerMr. John J. Martin

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FRME

First Merchants Corp

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