First Merchants Corporation (FRME)

Currency in USD
42.34
+0.49(+1.17%)
Closed·
42.340.00(0.00%)
·
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Fair Value
Day's Range
41.8742.53
52 wk Range
33.1345.62
Key Statistics
Prev. Close
41.85
Open
41.97
Day's Range
41.87-42.53
52 wk Range
33.13-45.62
Volume
467.68K
Average Volume (3m)
301.28K
1-Year Change
-5.216%
Book Value / Share
42.22
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
46.50
Upside
+9.83%
Members' Sentiments
Bearish
Bullish
ProTips
Has raised its dividend for 14 consecutive years
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 Q4/2025

  • First Merchants reported Q4 2025 EPS of $0.98 (3.16% above forecast) and revenue of $178.36 million, with stock rising 2.84% post-announcement to $39.76.
  • The company achieved record financial metrics with total assets reaching $19 billion, full-year net income of $224.1 million, and diluted EPS of $3.88 (up 13.8% YoY).
  • First Merchants continues expansion with the First Savings Bank acquisition (expected May 2026), projecting 27.5% annualized cost savings from integration.
  • Management forecasts 6-8% loan growth and 10% increase in non-interest income for 2026, targeting an efficiency ratio below 55% while continuing share repurchases.
  • CEO Mark Hardwick highlighted record achievements while CFO Michele Kawiecki expressed confidence in 'double-digit growth' for fee income despite potential challenges from interest rate fluctuations.
Last Updated: 2026-02-02, 05:08 p/m
Read Full Transcript

Compare FRME to Peers and Sector

Metrics to compare
FRME
Peers
Sector
Relationship
P/E Ratio
10.8x10.4x10.1x
PEG Ratio
0.787.080.03
Price/Book
1.0x1.2x1.0x
Price / LTM Sales
3.8x3.9x3.0x
Upside (Analyst Target)
9.8%3.5%11.2%
Fair Value Upside
Unlock8.5%1.4%Unlock

Analyst Ratings

3 Buy
2 Hold
0 Sell
Ratings:
5 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 46.50
(+9.83% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Piper Sandler
Buy49.00+15.73%46.00MaintainFeb 04, 2026
Piper Sandler
Buy46.00+8.64%48.00MaintainOct 27, 2025
Keefe, Bruyette & Woods
Buy50.00+18.09%49.00MaintainSep 26, 2025
Raymond James
Hold---DowngradeSep 26, 2025
Piper Sandler
Buy48.00+13.37%49.00MaintainJul 28, 2025

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 3.88%
Dividend Yield
3.40%
Industry Median 3.14%
Annualized payout
1.44
Paid quarterly
5-Years Growth
+6.58%
Growth Streak

Earnings

Latest Release
Jan 26, 2026
EPS / Forecast
0.98 / 0.95
Revenue / Forecast
178.36M / 173.17M
EPS Revisions
Last 90 days

FRME Income Statement

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FAQ

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

The First Merchants stock price today is 42.34

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 3.4%.

What Is the First Merchants Market Cap?

As of today, First Merchants market cap is 2.41B.

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 Apr 28, 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 2120 employees.

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

As of Feb 08, 2026, First Merchants (FRME) is trading at a price of 42.34, with a previous close of 41.85. The stock has fluctuated within a day range of 41.87 to 42.53, while its 52-week range spans from 33.13 to 45.62.

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

The average 12-month price target for First Merchants is USD46.50, with a high estimate of USD50 and a low estimate of USD43. 3 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Buy. The stock has an +9.83% Upside potential.
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