First Merchants/$FRME
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About First Merchants
First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment which is community banking.
Ticker
$FRME
Sector
Primary listing
Industry
Banks
Headquarters
Employees
2,120
ISIN
US3208171096
Website
First Merchants Metrics
BasicAdvanced
$2.4B
11.54
$3.55
1.03
$1.41
3.51%
Price and volume
Market cap
$2.4B
Beta
1.03
52-week high
$45.62
52-week low
$33.13
Average daily volume
322K
Dividend rate
$1.41
Financial strength
Dividend payout ratio (TTM)
40.15%
Profitability
Net profit margin (TTM)
33.93%
Operating margin (TTM)
42.83%
Effective tax rate (TTM)
13.06%
Revenue per employee (TTM)
$290,000
Management effectiveness
Return on assets (TTM)
1.14%
Return on equity (TTM)
9.16%
Valuation
Price to earnings (TTM)
11.544
Price to revenue (TTM)
3.866
Price to book
1.03
Price to tangible book (TTM)
1.5
Price to free cash flow (TTM)
8.904
Free cash flow yield (TTM)
11.23%
Free cash flow per share (TTM)
460.36%
Dividend yield (TTM)
3.44%
Forward dividend yield
3.51%
Growth
Revenue change (TTM)
-2.33%
Earnings per share change (TTM)
2.64%
3-year revenue growth (CAGR)
5.53%
3-year earnings per share growth (CAGR)
-2.32%
10-year earnings per share growth (CAGR)
7.65%
3-year dividend per share growth (CAGR)
6.47%
10-year dividend per share growth (CAGR)
15.90%
Bulls say / Bears say
First Merchants Corporation reported a net income of $54.9 million in Q1 2025, a 10.6% increase from the adjusted net income of $50.1 million in Q1 2024, indicating strong financial performance. (firstmerchants.com)
The company achieved a Common Equity Tier 1 Capital Ratio of 11.50% in Q1 2025, reflecting a robust capital position that enhances financial stability. (firstmerchants.com)
First Merchants completed the sale of five Illinois branches in December 2024, allowing the company to focus on core markets and potentially improve operational efficiency. (firstmerchants.com)
Total deposits declined by $59.6 million, or 1.6% annualized, in Q1 2025 compared to the previous quarter, which could indicate challenges in attracting or retaining depositors. (firstmerchants.com)
Nonperforming assets to total assets increased to 0.47% in Q1 2025 from 0.43% in the prior quarter, suggesting a slight deterioration in asset quality. (firstmerchants.com)
The efficiency ratio rose to 54.54% in Q1 2025, up from 53.60% in Q4 2024, indicating higher operating expenses relative to income. (firstmerchants.com)
Data summarised monthly by Lightyear AI. Last updated on 8 Jul 2025.
First Merchants News
AllArticlesVideos
First Merchants Corporation to Report Second Quarter 2025 Financial Results, Host Conference Call and Webcast
GlobeNewsWire·2 weeks ago
First Merchants Corporation Announces Changed Ex-Dividend Date for Previously Announced Dividend
GlobeNewsWire·2 months ago
First Merchants Corporation Announces Cash Dividend
GlobeNewsWire·2 months ago
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Capital at risk
Upcoming events
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FAQs
What’s the current market cap for First Merchants stock?
First Merchants (FRME) has a market cap of $2.4B as of July 12, 2025.
What is the P/E ratio for First Merchants stock?
The price to earnings (P/E) ratio for First Merchants (FRME) stock is 11.54 as of July 12, 2025.
Does First Merchants stock pay dividends?
Yes, the First Merchants (FRME) stock pays dividends to shareholders. As of July 12, 2025, the dividend rate is $1.41 and the yield is 3.51%. First Merchants has a payout ratio of 40.15% on a trailing twelve-month basis.
When is the next First Merchants dividend payment date?
The next First Merchants (FRME) dividend payment date is unconfirmed.
What is the beta indicator for First Merchants?
First Merchants (FRME) has a beta rating of 1.03. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.