First Merchants Corporation FRME
Set alert
40.59 USD -0.50 -1.22%
At close · Oct 30
40.59 0.00 0.00%
After hours · Oct 30, 4:00 PM ET
40.46 Day range 41.27
34.99 52-week range 45.23
- YTD
- +8.30%
- 1 year
- +13.51%
- Open
- 41.25
- Prev close
- 41.09
- Mkt cap
- 2.55B
- Vol
- 412.49K
- Avg vol
- 435.12K
- EPS
- 3.22
- P/E
- 12.61
- Div yield
- 3.60%
More statistics
- Low
- 40.46
- High
- 41.27
- Forward P/E
- 9.31
- Beta
- 0.88
- Short ratio
- 4.29
- Inst. own
- 75.85%
- Dividend
- 1.48
- Ex-div date
- Sep 3, 2026
- Earnings
- Jan 25, 2027
- 50-d avg
- 40.64
- 200-d avg
- 40.72
- 1y target
- 46.33
2Y chart
Events in this range
- Dec 5, 2024Dividend: 0.35
- Dec 6, 2024Dividend: 0.35
- Mar 7, 2025Dividend: 0.35
- Jun 6, 2025Dividend: 0.36
- Sep 5, 2025Dividend: 0.36
- Sep 29, 2025Rating: Stephens & Co. · Equal-Weight → Equal-Weight
- Oct 22, 2025Earnings: 0.99; estimate 0.962; surprise 2.91%
- Oct 27, 2025Rating: Piper Sandler · Overweight → Overweight
- Dec 5, 2025Dividend: 0.36
- Jan 26, 2026Earnings: 0.98; estimate 0.96; surprise 2.08%
- Feb 4, 2026Rating: Piper Sandler · Overweight → Overweight
- Mar 6, 2026Dividend: 0.36
- Apr 22, 2026Earnings: 0.46; estimate 0.96; surprise -52.08%
- Jun 5, 2026Dividend: 0.37
- Jun 26, 2026Rating: Piper Sandler · Overweight → Overweight
- Jul 22, 2026Earnings: 0.74; estimate 1.02; surprise -27.45%
- Sep 4, 2026Dividend: 0.37
- Oct 5, 2026Rating: Piper Sandler · Overweight → Overweight
- Oct 6, 2026Rating: Raymond James · Market Perform → Outperform
- Oct 21, 2026Earnings: 1.1; estimate 1.04; surprise 5.77%
Signals (106)
| Name | Date | Ago |
|---|---|---|
| SMA: Bearish | Oct 30, 2026 | 2 days ago |
| SMA: Bearish | Oct 30, 2026 | 2 days ago |
| SMA: Bullish | Oct 29, 2026 | 3 days ago |
| SMA: Bearish | Oct 28, 2026 | 4 days ago |
| SMA: Bullish | Oct 26, 2026 | 6 days ago |
| SMA: Bullish | Oct 22, 2026 | 1 week ago |
| MACD: Buy Signal | Oct 16, 2026 | 2 weeks ago |
| SMA: Bearish | Sep 28, 2026 | 1 month ago |
| SMA: Bullish | Sep 25, 2026 | 1 month ago |
| SMA: Bearish | Sep 23, 2026 | 1 month ago |
| MACD: Sell Signal | Sep 17, 2026 | 1 month ago |
| MACD: Buy Signal | Sep 15, 2026 | 1 month ago |
| SMA: Bearish | Aug 19, 2026 | 2 months ago |
| MACD: Sell Signal | Jul 22, 2026 | 3 months ago |
| MACD: Buy Signal | Jul 16, 2026 | 3 months ago |
| MACD: Sell Signal | Jul 8, 2026 | 3 months ago |
| RSI: Overbought | Jul 1, 2026 | 4 months ago |
| SMA: Bullish | Jun 9, 2026 | 4 months ago |
| MACD: Buy Signal | Jun 9, 2026 | 4 months ago |
| SMA: Bearish | Jun 5, 2026 | 4 months ago |
| SMA: Bullish | Jun 4, 2026 | 5 months ago |
| SMA: Bearish | Jun 3, 2026 | 5 months ago |
| SMA: Bullish | Jun 2, 2026 | 5 months ago |
| SMA: Bearish | Jun 1, 2026 | 5 months ago |
| MACD: Sell Signal | Jun 1, 2026 | 5 months ago |
| MACD: Buy Signal | May 26, 2026 | 5 months ago |
| SMA: Bullish | May 18, 2026 | 5 months ago |
| SMA: Bearish | May 15, 2026 | 5 months ago |
| MACD: Sell Signal | Apr 23, 2026 | 6 months ago |
| RSI: Overbought | Apr 9, 2026 | 6 months ago |
| SMA: Bullish | Apr 1, 2026 | 7 months ago |
| SMA: Bullish | Mar 31, 2026 | 7 months ago |
| MACD: Buy Signal | Mar 24, 2026 | 7 months ago |
| SMA: Bearish | Mar 5, 2026 | 8 months ago |
| SMA: Bearish | Feb 27, 2026 | 8 months ago |
| MACD: Sell Signal | Feb 23, 2026 | 8 months ago |
| RSI: Overbought | Feb 6, 2026 | 8 months ago |
| SMA: Bullish | Jan 29, 2026 | 9 months ago |
| MACD: Buy Signal | Jan 29, 2026 | 9 months ago |
| SMA: Bearish | Jan 28, 2026 | 9 months ago |
| SMA: Bullish | Jan 27, 2026 | 9 months ago |
| MACD: Sell Signal | Jan 27, 2026 | 9 months ago |
| SMA: Bearish | Jan 26, 2026 | 9 months ago |
| SMA: Bullish | Jan 21, 2026 | 9 months ago |
| MACD: Buy Signal | Jan 21, 2026 | 9 months ago |
| SMA: Bearish | Jan 20, 2026 | 9 months ago |
| SMA: Bullish | Jan 15, 2026 | 9 months ago |
| SMA: Bullish | Jan 14, 2026 | 9 months ago |
| SMA: Bearish | Jan 13, 2026 | 9 months ago |
| SMA: Bearish | Jan 12, 2026 | 9 months ago |
| SMA: Bullish | Jan 8, 2026 | 9 months ago |
| SMA: Bearish | Jan 7, 2026 | 9 months ago |
| SMA: Bullish | Jan 5, 2026 | 9 months ago |
| SMA: Bearish | Dec 29, 2025 | 10 months ago |
| MACD: Sell Signal | Dec 24, 2025 | 10 months ago |
| SMA: Bullish | Dec 10, 2025 | 10 months ago |
| SMA: Bullish | Dec 1, 2025 | 11 months ago |
| SMA: Bearish | Nov 28, 2025 | 11 months ago |
| SMA: Bullish | Nov 25, 2025 | 11 months ago |
| MACD: Buy Signal | Nov 5, 2025 | 12 months ago |
| MACD: Sell Signal | Oct 31, 2025 | 1 year ago |
| MACD: Buy Signal | Oct 23, 2025 | 1 year ago |
| RSI: Oversold | Oct 10, 2025 | 1 year ago |
| SMA: Bearish | Sep 23, 2025 | 1 year ago |
| SMA: Bearish | Sep 22, 2025 | 1 year ago |
| SMA: Bullish | Sep 18, 2025 | 1 year ago |
| SMA: Bullish | Sep 17, 2025 | 1 year ago |
| SMA: Bearish | Sep 15, 2025 | 1 year ago |
| SMA: Bearish | Sep 15, 2025 | 1 year ago |
| MACD: Sell Signal | Sep 9, 2025 | 1 year ago |
| SMA: Bullish | Aug 22, 2025 | 1 year ago |
| MACD: Buy Signal | Aug 14, 2025 | 1 year ago |
| SMA: Bullish | Aug 12, 2025 | 1 year ago |
| SMA: Bearish | Jul 30, 2025 | 1 year ago |
| MACD: Sell Signal | Jul 23, 2025 | 1 year ago |
| MACD: Buy Signal | Jul 22, 2025 | 1 year ago |
| MACD: Sell Signal | Jul 21, 2025 | 1 year ago |
| RSI: Overbought | Jul 10, 2025 | 1 year ago |
| RSI: Overbought | Jul 3, 2025 | 1 year ago |
| MACD: Buy Signal | Jun 24, 2025 | 1 year ago |
| SMA: Bullish | Jun 23, 2025 | 1 year ago |
| SMA: Bearish | Jun 13, 2025 | 1 year ago |
| SMA: Bullish | Jun 9, 2025 | 1 year ago |
| SMA: Bearish | Jun 4, 2025 | 1 year ago |
| SMA: Bullish | Jun 3, 2025 | 1 year ago |
| SMA: Bearish | Jun 2, 2025 | 1 year ago |
| SMA: Bullish | May 29, 2025 | 1 year ago |
| SMA: Bearish | May 28, 2025 | 1 year ago |
| SMA: Bullish | May 27, 2025 | 1 year ago |
| MACD: Sell Signal | May 23, 2025 | 1 year ago |
| SMA: Bearish | May 21, 2025 | 1 year ago |
| SMA: Bullish | May 12, 2025 | 1 year ago |
| MACD: Buy Signal | Apr 22, 2025 | 1 year ago |
| RSI: Oversold | Apr 10, 2025 | 1 year ago |
| MACD: Sell Signal | Apr 3, 2025 | 1 year ago |
| RSI: Oversold | Apr 3, 2025 | 1 year ago |
| MACD: Buy Signal | Mar 24, 2025 | 1 year ago |
| RSI: Oversold | Mar 11, 2025 | 1 year ago |
| SMA: Bearish | Mar 7, 2025 | 1 year ago |
| SMA: Bullish | Mar 6, 2025 | 1 year ago |
| SMA: Bearish | Mar 5, 2025 | 1 year ago |
| MACD: Sell Signal | Feb 20, 2025 | 1 year ago |
| RSI: Overbought | Feb 4, 2025 | 1 year ago |
| RSI: Overbought | Jan 31, 2025 | 1 year ago |
| SMA: Bullish | Jan 30, 2025 | 1 year ago |
| MACD: Buy Signal | Jan 15, 2025 | 1 year ago |
Key statistics
- Market cap
- 2.55B
- Enterprise value
- 3.42B
- Trailing P/E
- 12.61
- Forward P/E
- 9.31
- PEG ratio
- 1.40
- Price / sales
- 3.77
- Price / book
- 0.97
- EPS (TTM)
- 3.22
- Beta
- 0.88
- Dividend yield
- 3.60%
- Payout ratio
- 46.62%
- Profit margin
- 29.21%
- Revenue (TTM)
- 676.12M
- Revenue growth
- 21.00%
- Free cash flow
- 0
- Total cash
- 349.10M
- Total debt
- 1.19B
- Return on equity
- 7.82%
- Shares outstanding
- 62.80M
- Short % of float
- 4.18%
- 50-day average
- 40.64
- 200-day average
- 40.72
Analyst view
Consensus: buy
Buy
Price target (mean) 46.33 +14.1% upside
Now 40.59
- Target (low)
- 45.00
- Target (mean)
- 46.33
- Target (high)
- 48.00
Ratings (0m) 6 5 buy · 1 hold · 0 sell
- Strong buy3
- Buy2
- Hold1
- Sell0
- Strong sell0
Next earnings
Jan 25, 2027
Expected Jan 25, 2027. Consensus EPS estimate 1.00.
Financials — quick view
FRME Revenue — quarterly 195.77M
FRME Net income — quarterly 68.31M
FRME EPS — quarterly 1.09
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Jan 25, 2027 | Dec 30, 2026 | 1.00 | — | — | — |
| Oct 21, 2026 | Sep 30, 2026 | 1.04 | 1.10 | +0.06 | +5.77% |
| Jul 22, 2026 | Jun 30, 2026 | 1.02 | 0.74 | -0.28 | -27.45% |
| Apr 22, 2026 | Mar 31, 2026 | 0.96 | 0.46 | -0.50 | -52.08% |
| Jan 26, 2026 | Dec 31, 2025 | 0.96 | 0.98 | +0.02 | +2.08% |
| Oct 22, 2025 | Sep 30, 2025 | 0.962 | 0.99 | +0.03 | +2.91% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 6, 2026 | Raymond James | up | Market Perform | Outperform |
| Oct 5, 2026 | Piper Sandler | main | Overweight | Overweight |
| Jun 26, 2026 | Piper Sandler | main | Overweight | Overweight |
| Feb 4, 2026 | Piper Sandler | main | Overweight | Overweight |
| Oct 27, 2025 | Piper Sandler | main | Overweight | Overweight |
| Sep 29, 2025 | Stephens & Co. | reit | Equal-Weight | Equal-Weight |
About First Merchants Corporation
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, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products. It also provides personal and commercial wealth management services, 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 Services
- Industry
- Banks - Regional
- Country
- United States
- Website
- firstmerchants.com
News
- First Merchants: 3 Key Takeaways for Long-Term Investors
- The Clock Is Ticking: 3 High-Yield Dividend Stocks With Deadlines This Week
- First Merchants Q3 2026 Earnings Call Transcript
- First Merchants Q3 Adj. EPS $1.10 Beats $1.04 Estimate, Sales $199.073M Miss $203.599M Estimate
- Piper Sandler Maintains Overweight on First Merchants, Lowers Price Target to $46
- First Merchants Appoints Mike Stewart CEO, Effective 2027, Succeeding Mark Hardwick
- First Merchants Files For Mixed Shelf Offering; Size Not Disclosed
- Transcript: First Merchants Q2 2026 Earnings Conference Call
- First Merchants Q2 Adj. EPS $0.74 Misses $1.03 Estimate, Sales $196.097M Miss $202.780M Estimate
- Earnings Scheduled For July 22, 2026
Your note
Sign in to keep a note on FRME — it syncs with the Stock Master app.
Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| FEHRING PATRICK J | Director | Stock Award(Grant) | Sep 29, 2025 | 120,485 |
| HARDWICK MARK K | Chief Executive Officer | Stock Award(Grant) | Aug 2, 2026 | 150,525 |
| KAWIECKI MICHELE | Chief Financial Officer | Stock Award(Grant) | Aug 2, 2026 | 74,412 |
| LEHMAN GARY J | Director | Stock Award(Grant) | Mar 30, 2026 | 53,775 |
| MARTIN JOHN J | Officer | Stock Award(Grant) | Aug 2, 2026 | 71,549 |
| MYERS LARRY W | Director | Stock Award(Grant) | Jun 29, 2026 | 90,269 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 8.48% | 5,324,728 | 216.13M | Jun 29, 2026 |
| Dimensional Fund Advisors LP | 5.88% | 3,689,776 | 149.77M | Jun 29, 2026 |
| Vanguard Portfolio Management LLC | 5.42% | 3,402,832 | 138.12M | Jun 29, 2026 |
| Vanguard Capital Management LLC | 4.33% | 2,720,680 | 110.43M | Jun 29, 2026 |
| State Street Corporation | 4.06% | 2,551,308 | 103.56M | Jun 29, 2026 |
| Earnest Partners LLC | 3.46% | 2,174,024 | 88.24M | Jun 29, 2026 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 3.03% | 1,903,958 | 77.28M | Jun 29, 2026 |
| iShares Trust-iShares Russell 2000 ETF | 2.66% | 1,668,550 | 67.73M | Sep 29, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund | 2.19% | 1,375,470 | 55.83M | Jun 29, 2026 |
| HARBOR FUNDS-Harbor Small Cap Value Fund | 1.61% | 1,013,346 | 41.13M | Jul 30, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Small-Cap Value Index Fund | 1.38% | 869,799 | 35.31M | Jun 29, 2026 |
| DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio | 1.34% | 841,426 | 34.15M | Jul 30, 2026 |