First Merchants Corporation (FRME)

Currency in USD
43.26
-0.16(-0.37%)
Closed·
43.260.00(0.00%)
·
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Fair Value
Day's Range
43.0643.72
52 wk Range
34.6645.33
Key Statistics
Prev. Close
43.26
Open
43.18
Day's Range
43.06-43.72
52 wk Range
34.66-45.33
Volume
460.33K
Average Volume (3m)
412.53K
1-Year Change
11.8986%
Book Value / Share
42.4
Fair Value
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Fair Value Upside
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FRME Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
48.00
Upside
+10.96%
Members' Sentiments
Bearish
Bullish
ProTips
Suffers from weak gross profit margins
Show more

Technical Analysis

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

Analyst Ratings

4 Buy
2 Hold
0 Sell
Ratings:
6 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 48.00
(+10.96% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Piper Sandler
Buy51.00+17.89%49.00MaintainJun 26, 2026
Piper Sandler
Buy49.00+13.27%46.00MaintainFeb 04, 2026
Piper Sandler
Buy46.00+6.33%48.00MaintainOct 27, 2025
Keefe, Bruyette & Woods
Buy50.00+15.58%49.00MaintainSep 26, 2025
Raymond James
Hold---DowngradeSep 26, 2025

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 Q2/2026

  • First Merchants missed Q2 2026 estimates with EPS of $0.74 vs. $1.02 expected; shares fell 6.13% to $41.07 amid credit quality concerns
  • Two commercial loans moved to non-accrual status; full-year net charge-offs now expected at 40-45 basis points, pressuring profitability
  • Net interest margin expanded to 3.38% with loan growth accelerating to 6% annualized, showing underlying franchise strength despite earnings miss
  • Management guides mid-single-digit loan growth through 2026; expects margin to rise by couple basis points in H2 assuming no Fed rate changes
  • Company maintains shareholder returns with continued buybacks and 14-year dividend growth streak; quarterly expenses guided at $111M-$114M range
Last Updated: 07/23/2026, 09:58 PM
Read Full Transcript

Earnings

Latest Release
Jul 22, 2026
EPS / Forecast
0.74 / 1.02
Revenue / Forecast
196.1M / 202.78M
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 3.08%
Dividend Yield
3.41%
Industry Median 2.82%
Annualized payout
1.48
Paid quarterly
5-Years Growth
+6.27%
Growth Streak

FRME Income Statement

Compare FRME to Peers and Sector

Metrics to compare
FRME
Peers
Sector
Relationship
P/E Ratio
14.6x11.4x10.0x
PEG Ratio
−0.73−3.950.03
Price/Book
1.0x1.2x1.0x
Price / LTM Sales
4.2x4.0x2.9x
Upside (Analyst Target)
11.0%6.9%14.0%
Fair Value Upside
Unlock8.7%2.7%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
24.72M39.74%1.07B
Other Institutional Investors
21.78M35.01%942.11M
Public Companies & Retail Investors
15.71M25.25%679.61M
Total
62.21M100.00%2.69B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.7.88%4,899,356211,946
Dimensional Fund Advisors LP5.78%3,596,017155,564

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FAQ

What Is the First Merchants (FRME) Stock Price Today?

The First Merchants stock price today is 43.26 USD.

What Stock Exchange Does First Merchants Trade On?

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

What Is the Stock Symbol for First Merchants?

The stock symbol for First Merchants is "FRME."

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

The First Merchants dividend yield is 3.42%.

What Is the First Merchants Market Cap?

As of today, First Merchants market cap is 2.69B USD.

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

The First Merchants EPS (TTM) is 3.08.

When Is the Next First Merchants Earnings Date?

First Merchants will release its next earnings report on Oct 27, 2026.

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 Strong Buy.

How Many Times Has First Merchants Stock Split?

First Merchants has split 6 times.

How Many Employees Does First Merchants Have?

First Merchants has 2086 employees.

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

As of Jul 30, 2026, First Merchants (FRME) is trading at a price of 43.26 USD, with a previous close of 43.26 USD. The stock has fluctuated within a day range of 43.06 USD to 43.72 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 48.00 USD, with a high estimate of 51 USD and a low estimate of 45 USD. 4 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Buy. The stock has an +10.96% Upside potential.
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