First Merchants Corporation (FRME)

Currency in USD
40.83
-0.23(-0.56%)
Closed·
40.830.00(0.00%)
·
Advertisement
FRME is not included in our AI-picked strategies. See which stocks are.
Fair Value
Day's Range
40.6741.18
52 wk Range
34.6645.33
Key Statistics
Prev. Close
40.83
Open
40.71
Day's Range
40.67-41.18
52 wk Range
34.66-45.33
Volume
277.16K
Average Volume (3m)
437.8K
1-Year Change
13.3537%
Book Value / Share
41.58
Fair Value
unlockUnlock
Fair Value Upside
unlockUnlock
FRME Scorecardpro icon
Company’s Health
Unlock
Fair Value
Unlock Price
Fair Price
Upside
Price Target
46.33
Upside
+13.48%
Members' Sentiments
Bearish
Bullish
ProTips
5 analysts have revised their earnings downwards for the upcoming period
Show more

Technical Analysis

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

Analyst Ratings

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

Analysts 12-Month Price Target:

Average 46.33
(+13.48% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Raymond James
Buy46.00+12.66%-Upgrade06/10/2026
Piper Sandler
Buy46.00+12.66%51.00Maintain05/10/2026
Piper Sandler
Buy51.00+24.91%49.00Maintain26/06/2026
Piper Sandler
Buy49.00+20.01%46.00Maintain04/02/2026

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 Q3/2026

  • Q3 adjusted EPS of $1.10 beat estimates by 5.8%; revenue of $199.1M missed forecast by 2.45% amid fee income pressure.
  • Net interest margin expanded to 3.44%, highest in over two years; management expects Q4 margin stability with modest rate tailwind.
  • Loan growth to return to mid-single digits in Q4; 2027 guidance includes 3-5% expense growth and 8-10% fee income expansion.
  • CEO Mark Hardwick retiring year-end; Mike Stewart to succeed, emphasizing continuity and Midwest relationship banking strategy.
  • Elevated share repurchases planned for Q4 and early 2027; net charge-off guidance lowered to 38-40 bps despite two large non-accruals.
Last Updated: 22/10/2026, 15:08
Read Full Transcript

Earnings

Latest Release
21/10/2026
EPS / Forecast
1.10 / 1.04
Revenue / Forecast
199.07M / 204.06M
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 3.23
Dividend Yield
3.62%
Industry Median 2.77%
Annualised payout
1.48
Paid quarterly
5-Years Growth
+5.83%
Growth Streak

Compare FRME to Peers and Sector

Metrics to compare
FRME
Peers
Sector
Relationship
P/E Ratio
13.1x0.0x9.1x
PEG Ratio
−0.660.000.03
Price/Book
1.0x0.0x1.0x
Price / LTM Sales
3.8x0.0x2.8x
Upside (Analyst Target)
13.5%0.0%18.4%
Fair Value Upside
Unlock0.0%4.1%Unlock

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
Employees
2086

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
22.76M36.32%929.46M
Other Institutional Investors
24.33M38.81%993.19M
Public Companies & Retail Investors
15.59M24.87%636.44M
Total
62.68M100.00%2.56B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.8.50%5,324,728217,409
Dimensional Fund Advisors LP5.94%3,725,742152,122

People Also Watch

28.63
BUSE
-0.14%
49.56
AMAL
+0.41%
33.81
EGBN
+0.60%
62.05
EFSC
-0.39%

FAQ

What Is the First Merchants (NASDAQ: FRME) Share Price Today?

The First Merchants stock price today is 40.83 USD.

What Stock Exchange Does First Merchants (FRME) Trade On?

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

What Is the Ticker (Stock Symbol) for First Merchants?

The stock symbol (also called a 'ticker') for First Merchants is "FRME."

Does First Merchants Pay Dividends? What’s The Current FRME Dividend Yield?

Yes, FRME Pays Dividends to its Shareholders. The current First Merchants dividend yield is 3.6%%.

What Is the Current First Merchants Market Capitalisation?

As of today, First Merchants (NASDAQ: FRME) market cap is 2.57B USD.

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

The First Merchants EPS is currently 3.23 (Trailing Twelve Months).

When Is the Next First Merchants Earnings Date?

First Merchants's next earnings report will be released on 28/01/2027.

Is FRME a Buy or Sell From a Technical Analyst Perspective?

Based on today's First Merchants moving averages and other technical indicators, the daily buy/sell signal for FRME stock is Neutral.

How Many Times Has First Merchants Stock Split?

First Merchants has split 6 times. (See the FRME stock split history page for full effective split date and price information.)

How Many Employees Does First Merchants Have?

First Merchants has 2086 employees, based on their latest Companies House report.

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

As of 07/11/2026, First Merchants (FRME) is trading at a share price of 40.83 USD, with a previous close of 40.83 USD. The stock has fluctuated within a day range of 40.67 USD to 41.18 USD, while its 52-week range spans from 34.66 USD to 45.33 USD.

What Is First Merchants (FRME) Price Target According to Analysts?

The average 12-month price target for First Merchants is 46.33 USD, with a high estimate of 48 USD and a low estimate of 45 USD. 5 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Buy. The stock has an +13.48% Upside potential.

What Is the FRME Premarket Price?

FRME's last pre-market stock price is 40.79 USD. The pre-market share volume is 2.00, and the stock has decreased by -0.27, or -0.66%.
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.
© 2007-2026 - Fusion Media Limited. All Rights Reserved.