First Merchants Corporation (FRME)

US — Financial Services Sector
Peers: FFBC  BANR  EFSC  HTH  BUSE  FBNC  NBTB  CUBI  TRMK  SYBT 

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Key Metrics & Ratings

  • symbol FRME
  • Rev/Share 17.5131
  • Book/Share 41.9928
  • PB 0.8332
  • Debt/Equity 0.4882
  • CurrentRatio 0.0
  • ROIC 0.0826

 

  • MktCap 2017675851.0
  • FreeCF/Share 4.5208
  • PFCF 7.769
  • PE 8.6165
  • Debt/Assets 0.0626
  • DivYield 0.0406
  • ROE 0.0993

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 3
  • DCF Score 4
  • P/B Score 3
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade FRME Raymond James Outperform Market Perform -- -- Sept. 26, 2025
Upgrade FRME Hovde Group Market Perform Outperform -- $50 Jan. 31, 2025

News

Does First Merchants (FRME) Have the Potential to Rally 26.14% as Wall Street Analysts Expect?
FRME
Published: November 14, 2025 by: Zacks Investment Research
Sentiment: Positive

The consensus price target hints at a 26.1% upside potential for First Merchants (FRME). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

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image for news Does First Merchants (FRME) Have the Potential to Rally 26.14% as Wall Street Analysts Expect?
First Merchants Corporation (FRME) Q3 2025 Earnings Call Transcript
FRME
Published: October 23, 2025 by: Seeking Alpha
Sentiment: Neutral

First Merchants Corporation (NASDAQ:FRME ) Q3 2025 Earnings Call October 23, 2025 9:00 AM EDT Company Participants Mark Hardwick - CEO & Director Michael Stewart - President Michele Kawiecki - Executive VP, CFO & Principal Accounting Officer John Martin - Executive VP & Chief Credit Officer Conference Call Participants Damon Del Monte - Keefe, Bruyette, & Woods, Inc., Research Division Nathan Race - Piper Sandler & Co., Research Division Daniel Tamayo - Raymond James & Associates, Inc., Research Division Brian Martin - Janney Montgomery Scott LLC, Research Division Terence McEvoy - Stephens Inc., Research Division Brendan Nosal - Hovde Group, …

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image for news First Merchants Corporation (FRME) Q3 2025 Earnings Call Transcript
First Savings Financial Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of First Savings Financial Group, Inc. - FSFG
FRME, FSFG
Published: October 23, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of First Savings Financial Group, Inc. (NasdaqCM: FSFG) to First Merchants Corporation (NasdaqGS: FRME). Under the terms of the proposed transaction, shareholders of First Savings will receive 0.85 of a share of First Merchants common stock for each share of First Savings that they own. KSF is see.

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image for news First Savings Financial Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of First Savings Financial Group, Inc. - FSFG
Are You Looking for a High-Growth Dividend Stock?
FRME
Published: October 16, 2025 by: Zacks Investment Research
Sentiment: Positive

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes?

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image for news Are You Looking for a High-Growth Dividend Stock?
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
FRME
Published: October 15, 2025 by: GlobeNewsWire
Sentiment: Neutral

MUNCIE, Ind., Oct. 15, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented by depositary shares (NASDAQ: FRMEP) each representing a 1/100th interest in a share of the Series A preferred stock. Holders of depositary shares will receive $0.4688 per depositary share. The dividend will be payable on November 14, 2025, to stockholders of record on October 31, 2025.

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image for news First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
Best Value Stock to Buy for October 2nd
AEG, FMAO, FRME
Published: October 03, 2025 by: Zacks Investment Research
Sentiment: Positive

AEG, FMAO and FRME made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 2, 2025.

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image for news Best Value Stock to Buy for October 2nd
First Merchants (FRME) Could Be a Great Choice
FRME
Published: September 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes?

Read More
image for news First Merchants (FRME) Could Be a Great Choice
First Merchants Corporation Announces Cash Dividend
FRME
Published: August 15, 2025 by: GlobeNewsWire
Sentiment: Neutral

MUNCIE, Ind., Aug. 15, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 15, 2025 of $0.36 per common share. The dividend is payable on September 19, 2025, to common shareholders of record as of September 5, 2025.

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image for news First Merchants Corporation Announces Cash Dividend
First Merchants Corporation Announces Cash Dividend
FRME
Published: May 16, 2025 by: GlobeNewsWire
Sentiment: Neutral

MUNCIE, Ind., May 16, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on May 16, 2025 of $0.36 per share. The dividend is payable on June 20, 2025, to common shareholders of record as of June 6, 2025. For purposes of broker trading, the ex-date of the cash dividend is June 5, 2025.

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image for news First Merchants Corporation Announces Cash Dividend
First Merchants Corporation: Downgrading After A Good Run
FRME
Published: May 15, 2025 by: Seeking Alpha
Sentiment: Negative

First Merchants Corporation has seen a 27.5% increase in shares since my 'buy' rating in June 2024, outperforming the S&P 500's 7% rise. Despite growth in key balance sheet areas, recent financial performance has been mixed, with revenue and profit volatility prompting a downgrade to 'hold'. The bank's loan portfolio is diversified, but a high proportion of variable-rate loans could impact income negatively if interest rates drop.

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image for news First Merchants Corporation: Downgrading After A Good Run
Here's What Key Metrics Tell Us About First Merchants (FRME) Q1 Earnings
FRME
Published: April 24, 2025 by: Zacks Investment Research
Sentiment: Neutral

While the top- and bottom-line numbers for First Merchants (FRME) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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image for news Here's What Key Metrics Tell Us About First Merchants (FRME) Q1 Earnings
Are You Looking for a High-Growth Dividend Stock?
FRME
Published: April 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes?

Read More
image for news Are You Looking for a High-Growth Dividend Stock?
Why First Merchants (FRME) is a Great Dividend Stock Right Now
FRME
Published: April 07, 2025 by: Zacks Investment Research
Sentiment: Positive

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes?

Read More
image for news Why First Merchants (FRME) is a Great Dividend Stock Right Now
First Merchants Corporation to Report First Quarter 2025 Financial Results, Host Conference Call and Webcast
FRME
Published: April 03, 2025 by: GlobeNewsWire
Sentiment: Neutral

MUNCIE, Ind., April 03, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report first quarter 2025 financial results on April 24, 2025. The Corporation will host a first quarter 2025 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, April 24, 2025.

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image for news First Merchants Corporation to Report First Quarter 2025 Financial Results, Host Conference Call and Webcast
First Merchants (FRME) Upgraded to Strong Buy: Here's Why
FRME
Published: March 25, 2025 by: Zacks Investment Research
Sentiment: Positive

First Merchants (FRME) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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image for news First Merchants (FRME) Upgraded to Strong Buy: Here's Why
Why First Merchants (FRME) is a Top Dividend Stock for Your Portfolio
FRME
Published: March 21, 2025 by: Zacks Investment Research
Sentiment: Positive

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes?

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image for news Why First Merchants (FRME) is a Top Dividend Stock for Your Portfolio
Best Momentum Stock to Buy for March 20th
FRME, HSNGY, TKOMY
Published: March 20, 2025 by: Zacks Investment Research
Sentiment: Positive

HSNGY, TKOMY and FRME made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 20, 2025.

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image for news Best Momentum Stock to Buy for March 20th
Best Momentum Stocks to Buy for March 14th
FRME, HWC, ZION
Published: March 14, 2025 by: Zacks Investment Research
Sentiment: Positive

ZION, FRME and HWC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 14, 2025.

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image for news Best Momentum Stocks to Buy for March 14th
First Merchants (FRME) is a Top Dividend Stock Right Now: Should You Buy?
FRME
Published: March 05, 2025 by: Zacks Investment Research
Sentiment: Positive

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes?

Read More
image for news First Merchants (FRME) is a Top Dividend Stock Right Now: Should You Buy?
First Merchants (FRME) Could Be a Great Choice
FRME
Published: February 17, 2025 by: Zacks Investment Research
Sentiment: Positive

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes?

Read More
image for news First Merchants (FRME) Could Be a Great Choice

About First Merchants Corporation (FRME)

  • IPO Date 1989-06-20
  • Website https://www.firstmerchants.com
  • Industry Banks - Regional
  • CEO Michael C. Rechin
  • Employees 2120

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.