First Merchants/$FRME
1D1W1M3M6MYTD1Y5YMAX
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
12.81
$3.21
0.88
$1.46
3.60%
Price and volume
Market cap
$2.6B
Beta
0.88
52-week high
$45.33
52-week low
$34.66
Average daily volume
508K
Dividend rate
$1.46
Financial strength
Profitability
Net profit margin (TTM)
29.21%
Operating margin (TTM)
36.81%
Effective tax rate (TTM)
10.16%
Revenue per employee (TTM)
$320,000
Management effectiveness
Return on assets (TTM)
0.99%
Return on equity (TTM)
7.82%
Valuation
Price to earnings (TTM)
12.813
Price to revenue (TTM)
3.685
Price to book
0.98
Price to tangible book (TTM)
1.43
Dividend yield (TTM)
3.55%
Forward dividend yield
3.60%
Growth
Revenue change (TTM)
4.08%
Earnings per share change (TTM)
-19.87%
3-year revenue growth (CAGR)
0.52%
3-year earnings per share growth (CAGR)
-8.69%
10-year earnings per share growth (CAGR)
5.91%
3-year dividend per share growth (CAGR)
3.42%
10-year dividend per share growth (CAGR)
11.31%
What the Analysts think about First Merchants
Analyst ratings (Buy, Hold, Sell) for First Merchants stock.
Analyst projections of the future price of First Merchants stock.
Bulls say / Bears say
Third-quarter net interest margin rose to 3.44%, up 20 basis points year on year, and net interest income increased 20.5%. Net income also rose to $67.8 million from $56.3 million a year earlier, showing improved earnings momentum. (First Merchants Corporation)
The bank continued to grow: deposits rose $175.6 million in the third quarter, while loans increased $70.2 million. Excluding acquired loans and mortgage-sale effects, organic loans were up 3.5% over the past year. (First Merchants Corporation)
First Merchants reported a 11.22% Common Equity Tier 1 ratio and had repurchased $50.3 million of shares year to date by the end of the third quarter. This points to a solid capital buffer alongside a meaningful return of capital to shareholders. (First Merchants Corporation)
Credit remains a key risk: second-quarter provisions reached $33 million, including $29.7 million reserved against two commercial borrowers with $41.8 million in total balances. Nonperforming assets were still 0.57% of assets in the third quarter, up from 0.36% a year earlier. (First Merchants Bank, First Merchants Corporation)
Loan growth slowed to $70.2 million, or 1.8% annualised, in the third quarter, from $221.7 million, or 5.8% annualised, in the second quarter. If this pace persists, it could constrain future revenue growth. (First Merchants Corporation, First Merchants Bank)
The bank’s use of wholesale funding increased: Federal Home Loan Bank advances were $1.41 billion at June 30, up from $0.80 billion at year-end 2025. Second-quarter interest expense on those advances was $13.2 million, versus $9.7 million a year earlier, which could weigh on margins if funding costs remain high. (U.S. Securities and Exchange Commission)
Data summarised monthly by Lightyear AI. Last updated on 22 Oct 2026.
First Merchants Financial Performance
Revenues and expenses
First Merchants Earnings Performance
Company profitability
Upcoming events
No upcoming events
First Merchants News
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Funds containing First Merchants
AllUSDEURGBP
Fund name | Fund size | $FRME weighting |
|---|---|---|
SPDR MSCI USA Small Cap Value Weighted$USSC | $1.1B | 0.09% |
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.08% |
SPDR Russell 2000 US Small Cap€R2US | $5.3B | 0.08% |
L&G Global Quality Dividends£LDGG | $353M | 0.05% |
Xtrackers MSCI World Small Cap$XSWC | $183M | 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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