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FRMEP

First Merchants Corporation

FRMEP

NASDAQ·Financial Services·Banks - Regional·Mkt cap $1.5B

$25.50

0.00%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$24.73 - $27.09

P/E

7.48

Fwd P/E

6.98

Beta

0.87

Div Yield

3.57%

Avg Vol

1.1K

Shares Out

58.1M

Mkt Cap

$1.5B

Price action

Price chart

Down 1.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

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 customer loyalty
  • Strategic regional market presence across four Midwest states
  • Diversified loan portfolio across consumer, commercial, and agri-business sectors
  • Integrated digital and mobile banking platform

Bear Case

1 risk

  • Average volatility.

Growth

Moderate growth ahead

Expansion of digital banking services and mobile channels

Value

Undervalued - trading well below Commercial Banking peers

Momentum

Stable

-3.7% over 3m

Quality

Excellent

Strong fundamentals

Dividend

Solid

3.57% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 28, 2026

LATEST RECAP

Earnings recap unavailable for this period.

EPS surprise · last 4Q

Q1 26

$0.46

Q4 25

$0.99

Q3 25

$0.98

Q2 25

$0.98

Next: Jul 28, 2026

Revenue trend · last 8Q

+3%

+7%

+9%

-3%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$159.9M

$156.0M

$157.1M

$160.3M

$164.3M

$166.1M

$171.4M

$156.0M

Margins · last 8Q

Gross

96.9%

Operating

17.4%

Profit

18.1%

Wall Street consensus

Analyst coverage

Live ratings and price targets aggregated across covering analysts.

No analyst coverage on file for this stock yet.

vs Industry

How FRMEP stacks vs Banks - Regional

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.