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FRME

First Merchants Corporation NASDAQ
Financial Services ·Banks - Regional ·US · firstmerchants.com
$40.02
Mkt Cap $2.5B
52w Low $34.66 62.6% of range 52w High $43.22
50d MA $39.22 200d MA $38.73
P/E (TTM) 10.4x
EV/EBITDA 10.7x
P/B 0.9x
Debt/Equity 0.4x
ROE 9.2%
P/FCF 7.6x
RSI (14)
ATR (14)
Beta 0.88
50d MA $39.22
200d MA $38.73
Avg Volume 438.6K
About
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 …
Recent Earnings
Date Time Est Rptd Surp Base Gap% D1% D2% D3% D4% D5% Guide ▲★
Apr 22, 2026 AMC 0.96 1.03 +7.3% 40.37 -2.0% -1.7% -1.9% -0.1% +0.3% -1.4%
Jan 26, 2026 AMC 0.96 0.98 +2.1% 38.01 +0.8% +0.5% -0.4% +2.4% +4.6% +7.6%
Oct 22, 2025 AMC 0.96 0.99 +2.9% 36.61 -0.5% -0.5% +1.8% +0.4% -0.1% -2.6%
Jul 23, 2025 AMC 0.94 0.98 +4.3% 41.25 -0.5% -3.7% -3.5% -2.9% -3.9% -6.3%
Apr 24, 2025 AMC 0.91 0.94 +3.3% 36.50 -1.3% -2.6% -2.4% -1.6% -2.4% -1.6%
Jan 30, 2025 AMC 0.90 1.00 +11.1% 42.71 +1.6% +4.1% +3.3% +3.8% +4.7% +5.9%
Oct 24, 2024 AMC 0.90 0.84 -6.7% 36.00 +0.7% -0.7% +3.2% +3.1% +4.8% +2.9%
Jul 25, 2024 AMC 0.80 0.68 -15.0% 40.43 +1.7% +2.3% -0.3% -0.0% -0.2% -4.4%
Apr 25, 2024 AMC 0.82 0.85 +3.7% 34.46 -0.4% -1.0% -1.9% -3.0% -0.8% -0.2%
Jan 25, 2024 AMC 0.87 0.87 +0.0% 34.90 +0.3% -0.1% +0.9% +0.4% -3.1% -3.5%
Recent Analyst Ratings
Date Firm Action Grade Target Base Open Gap% D1% D2% D3% D4% D5%
Feb 4 Piper Sandler Maintains Overweight → Overweight $40.81 $41.21 +1.0% +2.5% +2.5% +3.7% +3.0% +2.4%
Oct 27 Piper Sandler Maintains Overweight → Overweight $37.27 $37.30 +0.1% -1.4% -1.8% -4.4% -4.1% -4.8%
Sep 29 Stephens & Co. Maintains Equal Weight → Equal Weight $38.22 $38.58 +0.9% -2.0% -1.4% -1.1% -1.9% -0.6%
Sep 26 Raymond James Downgrade Outperform → Market Perform $38.96 $39.02 +0.2% -1.9% -3.9% -3.2% -3.0% -3.8%
Sep 26 Keefe, Bruyette & Woods Maintains Outperform → Outperform $38.96 $39.02 +0.2% -1.9% -3.9% -3.2% -3.0% -3.8%
Jul 28 Piper Sandler Maintains Overweight → Overweight $39.80 $39.86 +0.2% +0.6% -0.4% -2.9% -4.2% -6.8%
Apr 28 Piper Sandler Maintains Overweight → Overweight $35.56 $36.20 +1.8% +0.1% +1.0% +0.2% +1.0% +4.1%
Apr 28 Raymond James Maintains Outperform → Outperform $35.56 $36.20 +1.8% +0.1% +1.0% +0.2% +1.0% +4.1%
Apr 25 Keefe, Bruyette & Woods Maintains Outperform → Outperform $36.50 $36.02 -1.3% -2.6% -2.4% -1.6% -2.4% -1.6%
Apr 2 Raymond James Maintains Outperform → Outperform $40.19 $39.58 -1.5% -0.2% -9.1% -11.3% -11.0% -12.3%
Recent Filings
8-K
First Merchants Corporation Depository Shares -- 8-K Filing
First Merchants Corporation filed a routine 8-K disclosure document with standard SEC certification, containing no material corporate events or transactions requiring investor attention.
Apr 22
8-K · 8.01 !! High
Unknown — 8-K 8.01: Material Event / Announcement
FRME declared a $0.4688 per depositary share dividend, signaling management confidence in cash generation and providing shareholders with steady income, though the yield depends on current stock price.
Apr 16
NT 10-K !!! Very High
Unknown — Late Annual Report — Distress Signal
A late annual report filing signals potential financial distress or operational chaos at CREX and FRME, likely triggering exchange delisting risk and investor confidence collapse if not promptly remedied.
Mar 30
8-K · 1.01 ! Medium
CREATIVE REALITIES, INC. -- 8-K 1.01: Financing / Debt Agreement
Creative Realities repurchased warrants from Slipstream Communications, reducing potential shareholder dilution and simplifying its capital structure.
Feb 18
NT 10-Q !! High
First Savings Financial Group, Inc. -- Late Quarterly Report -- Distress Signal
First Savings Financial Group's delayed 10-Q filing signals potential internal control weaknesses or operational challenges that may concern investors about financial transparency and timely disclosure compliance.
Feb 10
8-K · 8.01 !! High
First Merchants Corporation Depository Shares -- 8-K 8.01: Material Event / Announcement
First Merchants Corporation declared a cash dividend payable to common stockholders on March 20, 2026, signaling continued shareholder returns and management confidence in the bank's financial position.
Feb 10
8-K · 5.02 !!! Very High
First Merchants Corporation Depository Shares -- 8-K 5.02: Executive Change
First Merchants Corporation appointed Larry W. Myers as a director, potentially strengthening board oversight and governance at the financial services company.
Feb 9
8-K · 5.02 !!! Very High
First Merchants Corporation Depository Shares -- 8-K 5.02: Executive Change
First Merchants Corporation established Short-Term Management Incentive Cash Plan targets for 2026, setting potential cash payments ranging from threshold to maximum levels based on named executive officers' performance goal achievement.
Feb 6
8-K · 8.01 !! High
First Merchants Corporation Depository Shares -- 8-K 8.01: Material Event / Announcement
First Merchants Corporation completed its acquisition of First Savings Financial Group, an Indiana-based financial institution, closing the merger agreement originally signed in September 2025.
Feb 2
Data updated apr 25, 2026 9:55am · Source: massive.com