First Merchants Corporation
FRME
NASDAQ·Financial Services·Banks - Regional·Mkt cap $2.6B
$42.06
▼ -0.10%
P/E
13.44
Mkt Cap
$2.6B
52-Wk Range
$34.66–$45.33
52-Week Range
$34.66 - $45.33
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 2.9% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Established 130-year brand heritage and deep community relationships across four-state Midwest region
- Diversified revenue streams from lending, deposits, trust services, and wealth management reducing reliance on single income source
- Regional market focus with 109 strategically located branches providing personalized service competitors struggle to replicate
- Omnichannel delivery through physical branches and digital/mobile platforms serving modern customer preferences
Bear Case
2 risks
- Average volatility.
- Premium valuation to Commercial Banking peers
Growth
Revenue decline expected
Expansion of digital and mobile banking services to capture tech-savvy customers and reduce branch operational costs
Value
Premium valuation to Commercial Banking peers
Momentum
Strong
+5.1% over 3m
Quality
Strong
Strong fundamentals
Dividend
Solid
3.47% yield
Smart-money signal
Who's buying FRME right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Oct 28, 2026
JUL 22, 2026
Reported EPS of $0.74 vs $1.02 consensus (-27.4% surprise). Revenue of $202.5M vs $202.8M expected (-0.1%).
EPS surprise · last 4Q
0 of 1 beats
Estimate
Actual
Q3 26
-27.4%
Revenue trend · last 8Q
—
+0%
+4%
+3%
+7%
+72%
-2%
-0%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$156.0M
$157.1M
$252.6M
$261.0M
$267.6M
$269.8M
$248.6M
$260.8M
Margins · last 8Q
Gross
0.0%
Operating
0.0%
Profit
16.9%
Wall Street consensus
Analyst coverage
Live ratings and price targets aggregated across covering analysts.
vs Industry
How FRME stacks vs Banks - Regional
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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