First Merchants Corporation

First Merchants Corporation

FRME
First Merchants CorporationUS flagNASDAQ Global Select
40.15
USD
+0.62
- -
2.53BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.08
6.87
6.79
7.16
7.72
8.43
8.63
9.11
9.66
10.9
10.97
10.74
11.54
11.36
Basic EPS, GAAP
1.42
1.66
1.73
1.99
2.13
3.23
3.2
2.75
3.82
3.83
3.74
3.42
3.9
3.39
Free Cash Flow per Basic Share
6.17
2.09
1.5
2.55
2.8
3.66
3.44
3.77
4
4.93
4.36
4.56
4.94
4.83
Dividend per Share
0.27
0.3
0.41
0.55
0.71
0.85
1
1.05
1.14
1.29
1.38
1.43
1.48
1.5
Book Value per Share
8.34
8.2
9.19
9.97
10.45
11.97
13.69
14.72
16.2
17.71
19.58
21.94
24.73
24.56
Tangible Book Value per Share
14.55
14.02
15.63
15.78
18.33
19.05
23.49
24.11
24.93
21.9
25
26.53
29.86
31.39
Basic Weighted Avg Shares
30
36
38
41
45
49
51
54
54
58
59
58
57
58
Sales/Revenue/Turnover
210
249
257
292
348
415
443
492
520
628
651
627
663
660
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
5
6
6
7
8
9
9
11
11
12
12
27
29
31
Net Income, GAAP
45
60
65
81
96
159
164
149
206
222
224
201
226
199
Effective Tax Rate (%)
26.29
26.89
28.19
25.41
28.09
15.41
15.13
12.58
14.64
13.14
13.67
13.09
12.78
10.84
Profit Margin (%)
21.18
24.18
25.47
27.79
27.58
38.32
37.1
30.2
39.52
35.36
34.38
32.14
34.09
30.13
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
249
272
363
427
554
453
490
508
453
975
871
916
856
1,386
Total Equity
635
727
851
902
1,303
1,408
1,786
1,876
1,913
2,035
2,248
2,305
2,467
2,673
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
18.43
22.1
20.3
21.52
21.9
30
25.44
19.83
24.66
23.33
20.34
16.34
16.6
14.37

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
856
856
1,386
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
25
25
25
Shares Outstanding
57
57
63
Market Capitalization
2,177
2,156
2,249

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
687
707
684
Accounts Receivable, Net
89
93
97
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
18
18
19
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.88%
5.68%
7.01%
Free Cash Flow
19.9%
7.62%
6.55%
Net Income, GAAP
15.12%
9.87%
12.21%
Sales/Revenue/Turnover
10.22%
6.43%
5.78%
Total Cash Common Dividend
19.01%
8.14%
1.58%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
154
160
156
157
627
2025
160
164
166
172
663
2026
157
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.8
0.68
0.84
1.1
3.42
2025
0.95
0.98
0.98
0.99
3.9
2026
0.46
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.36
0.36
0.36
1.43
2025
0.36
0.37
0.37
0.37
1.48
2026
0.39
- -
- -
- -
- -

Company Description

APIChat
CEO
Mark K. Hardwick
Full Time Employees
2,120
Sector
Financial Services
Industry
Banks - Regional
Address
200 East Jackson Street Muncie IN United States of America 47305-2814
IPO Date
Jun 20, 1989
Business
First Merchants Corporation functions as the financial holding entity for First Merchants Bank, delivering comprehensive community banking solutions. It manages various deposit accounts, including demand, savings, and time options. The institution extends a wide range of lending products such as consumer, commercial, agricultural, and real estate mortgage loans, alongside public finance and SBA lending initiatives. Additionally, through its First Merchants Private Wealth Advisors division, the corporation furnishes personal and corporate trust services, brokerage offerings, and private wealth management expertise, encompassing investment, retirement, and financial planning. Complementing these, it provides letters of credit, repurchase agreements, and robust treasury management services. First Merchants operates over 111 banking centers strategically located across Indiana, Ohio, Michigan, and Illinois. These services are also readily accessible via modern electronic and mobile platforms. The company recently announced a merger agreement with First Savings Financial Group, Inc., slated to enhance its footprint in southern Indiana and introduce new business verticals. Established in 1893, First Merchants Corporation maintains its headquarters in Muncie, Indiana.

Company News

APIChat
  • First Merchants (FRME) Could Be a Great Choice

  • First Merchants Corporation Appoints Paul Fultz to Its Boards of Directors

  • First Merchants Corporation Announces Cash Dividend

  • First Merchants Q1 Earnings Call Highlights

  • First Merchants Corporation (FRME) Q1 2026 Earnings Call Transcript

  • First Merchants (FRME) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

  • First Merchants (FRME) Beats Q1 Earnings Estimates

  • First Merchants Corporation Announces First Quarter 2026 Results

  • First Merchants (FRME) Could Be a Great Choice

  • First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

  • SG Americas Securities LLC Raises Position in First Merchants Corporation $FRME

  • First Merchants (FRME) Could Be a Great Choice

  • First Merchants Corporation to Report First Quarter 2026 Financial Results, Host Conference Call and Webcast

  • First Merchants Bank Selects Spiral to Power Personalized Savings and Community Giving Through Everyday Banking

  • 18 Ideal 'Safe' Buys In March Sustainable Dividend Test

  • Are You Looking for a High-Growth Dividend Stock?

  • Capital International Investors Has $50.76 Million Stock Holdings in First Merchants Corporation $FRME

  • Dimensional Fund Advisors LP Decreases Stake in First Merchants Corporation $FRME

  • Citigroup Inc. Sells 45,612 Shares of First Merchants Corporation $FRME

  • Elo Mutual Pension Insurance Co Acquires 21,486 Shares of First Merchants Corporation $FRME