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First Merchants Corporation

First Merchants Corporation

FRME
First Merchants CorporationUS flagNASDAQ Global Select
39.54
USD
+0.16
- -
2.48BMarket Cap
First Merchants Corporation
FRME
(NASDAQ Global Select)

Recent

price

39.54

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
7.87
7.26
7.58
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
8.36
Revenue per Share
0.07
0.8
1.42
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
2.37
Basic EPS, GAAP
3.32
3.22
2.46
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
3.83
Free Cash Flow per Basic Share
0.24
0.18
0.26
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
1.11
Dividend per Share
15.11
14.83
16.08
17.67
19.29
20.91
22.04
26.51
28.53
32.26
34.78
35.81
33.96
37.4
39.33
42.87
- -
Book Value per Share
9.09
9.56
10.87
12.03
13.48
14.52
15.71
16.82
19.01
21.81
24.16
25.12
21.32
24.96
26.7
30.13
- -
Tangible Book Value per Share
24
27
29
30
36
38
41
45
49
51
54
54
58
59
58
57
59
Basic Weighted Avg Shares
192
192
217
210
249
257
292
348
415
443
492
520
628
651
627
663
495
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
6
5
4
5
6
6
7
8
9
9
11
11
12
12
27
29
23
Depreciation Expense
7
25
45
45
60
65
81
96
159
164
149
206
222
224
201
226
142
Net Income, GAAP
- -
25.53
26.02
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
10.06
Effective Tax Rate (%)
3.6
13.12
20.83
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
28.66
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
309
333
206
249
272
363
427
554
453
490
508
453
975
871
916
856
- -
LT Debt
454
514
552
635
727
851
902
1,303
1,408
1,786
1,876
1,913
2,035
2,248
2,305
2,467
- -
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
0.45
5.25
9.17
7.69
8.84
8.29
9.25
8.71
11.74
10.3
8.12
10.85
11.25
10.49
8.86
9.49
12.1
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
856
1,386
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
25
25
- -
Shares Outstanding
57
63
63
Market Capitalization
2,135
2,421
2,731

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
707
684
- -
Accounts Receivable, Net
93
97
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
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
- -
- -
- -
- -
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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

Company News APIChatGPT

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    First Merchants Corporation (NASDAQ:FRME) Stock Has Average Target Price of $46.00 According to Brokerages

  • globenewswire.com

    First Merchants Bank CEO Mark Hardwick to retire at the end of 2026 and President Mike Stewart to become President and CEO

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

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    First Merchants Corporation Announces Pricing of Subordinated Notes Offering

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    KBRA Assigns Ratings to First Merchants Corporation

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    Bank of America Corp DE Increases Holdings in First Merchants Corporation $FRME

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    First Merchants Corporation (FRME) Q2 2026 Earnings Call Transcript

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    First Merchants (FRME) Reports Next Week: Wall Street Expects Earnings Growth

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    First Merchants Corporation Announces Cash Dividend on its Preferred Stock

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