First Merchants Corporation
FRME
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- First Merchants Corporation operates in a competitive regional banking sector, focusing on strategic growth and customer service to enhance market share.
- The company has a market cap of approximately $2.49 billion, indicating solid investor interest.
- First Merchants has a trailing P/E ratio of 12.76, suggesting it may be undervalued compared to industry peers.
- The earnings growth has declined significantly at -28.7%, raising concerns about profitability.
- Quarterly revenue decreased by 9% compared to the prior quarter, dropping from $172 million to $157 million.
- The current score indicates a 'Strong Sell' signal with a score of -21.00, reflecting negative market sentiment.
Fundamentals
| Market cap | $2.49B | Enterprise value | $3.50B | Trailing P/E | 12.73 | Forward P/E | 8.86 |
| PEG | 1.40 | Price / book | 0.92 | Beta | 0.88 | Dividend yield | 3.74% |
| Revenue growth | 2.8% | Earnings growth | -28.7% | Gross margin | 0.0% | Operating margin | 34.3% |
| Profit margin | 29.0% | ROE | 7.4% | ROA | 0.9% | Debt / equity | — |
| Current ratio | — | Free cash flow | — | Analyst recommendation | buy | Mean target | $46.50 |
| 52w high | $45.33 | 52w low | $34.66 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | — | $157M | $172M | $166M | $164M | $160M |
| Op margin | — | — | — | — | — | — |
| Net income | — | $28.2M | $57.1M | $56.8M | $56.8M | $55.3M |
| Gross margin | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — |
- Revenue -9% vs prior quarter ($157M vs $172M).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $663M | $627M | $651M | $628M | — |
| Op margin | — | — | — | — | — |
| Net income | $226M | $201M | $224M | $222M | — |
| Gross margin | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
Headlines — watch
• [WARN · legal] 3 Stocks Under $50 Walking a Fine Line
News
2026-10-06 · Raymond James Upgrades First Merchants to Outperform From Market Perform, Sets $46 Price Target
2026-10-04 · 3 Regional Bank Stocks That Could Benefit From Higher Long Term Yields
2026-10-01 · First Merchants CEO Mark Hardwick to Retire; Mike Stewart Named Successor
2026-09-30 · First Merchants Corporation to Report Third Quarter 2026 Financial Results, Host Conference Call and Webcast
2026-09-28 · 3 Stocks Under $50 Walking a Fine Line
2026-09-25 · 3 Bank Stocks That Could Benefit If Higher Rates Stay Elevated
2026-09-24 · First Merchants Prices $100 Million Subordinated Notes Offering
2026-09-23 · First Merchants Corporation Announces Pricing of Subordinated Notes Offering
2026-09-18 · 3 US Bank Stocks Built For Higher Interest Rates
2026-09-17 · KBRA Assigns Ratings to First Merchants Corporation
2026-08-28 · 1 Small-Cap Stock to Own for Decades and 2 Facing Headwinds
Price (daily)
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