First Merchants/$FRME
1D1W1MYTD1Y5YMAX
Capital at risk
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
- Finance
- Primary listing
- NASDAQ
- Employees
- 2,086
- Headquarters
- Muncie, United States
- Website
- www.firstmerchants.com
First Merchants Metrics
BasicAdvanced
$2.6B
13.33
$3.08
0.85
$1.45
3.60%
Price and volume
Market cap
$2.6B
Beta
0.85
52-week high
$45.33
52-week low
$34.66
Average daily volume
365K
Dividend rate
$1.45
Financial strength
Dividend payout ratio (TTM)
48.15%
Profitability
Net profit margin (TTM)
28.96%
Operating margin (TTM)
36.00%
Effective tax rate (TTM)
9.56%
Revenue per employee (TTM)
$310,000
Management effectiveness
Return on assets (TTM)
0.93%
Return on equity (TTM)
7.37%
Valuation
Price to earnings (TTM)
13.328
Price to revenue (TTM)
3.793
Price to book
0.96
Price to tangible book (TTM)
1.38
Price to free cash flow (TTM)
7.785
Free cash flow yield (TTM)
12.85%
Free cash flow per share (TTM)
5.275
Dividend yield (TTM)
3.53%
Forward dividend yield
3.60%
Growth
Revenue change (TTM)
0.54%
Earnings per share change (TTM)
-20.03%
3-year revenue growth (CAGR)
-1.71%
3-year earnings per share growth (CAGR)
-10.81%
10-year earnings per share growth (CAGR)
5.86%
3-year dividend per share growth (CAGR)
3.71%
10-year dividend per share growth (CAGR)
11.93%
Bulls say / Bears say
First Merchants delivered strong organic loan growth of $221.7 million, or 5.8% annualized, in Q2 2026, underpinning core revenue expansion. (SEC Filing)
Net interest income rose to $158.9 million in Q2 2026, increasing 5.0% sequentially and 19.5% year-over-year, reflecting margin expansion and volume growth. (First Merchants Release)
System integration of the First Savings acquisition was completed in Q2 2026, positioning the bank to realize anticipated cost synergies and maintain an adjusted efficiency ratio of 53.22%. (SEC Filing)
EPS declined to $0.70 in Q2 2026 from $0.98 in Q2 2025, a 29% drop, reflecting margin pressure and merger-related expenses. (SEC Filing)
Provision for credit losses surged by $33.0 million due to two non-accrual commercial loans, pushing nonperforming assets to 0.56% of total assets and signaling emerging credit quality concerns. (SEC Filing)
Efficiency ratio remained elevated at 55.11% in Q2 2026, above regional peer median, indicating persistent cost management challenges despite merger adjustments. (SEC Filing)
Data summarised monthly by Lightyear AI. Last updated on 29 Aug 2026.
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Funds containing First Merchants
AllEURGBPUSD
Fund name | Fund size | $FRME weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.09% |
L&G Global Quality Dividends£LDGG | £279M | 0.05% |
iShares MSCI World Small Cap$WSML | $9B | 0.03% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.03% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.03% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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