FRME Company Profile and Key Details

Q: Who are the executives of FRME?

Mr. Marcos Nogues C.F.A.Chief Investment OfficerMs. Karen EvensVice President & Director of MarketingMr. John J. MartinExecutive Vice President & Chief Credit OfficerMs. Michele M. KawieckiExecutive Vice President, Chief Financial Officer & Principal Accounting OfficerMr. Steven C. HarrisSenior Vice President & Director of HRMs. Nicole M. WeaverVice President & Director of Corporation Admin.Mr. Brian T. HuntSec. & Legal CounselMr. Mark K. HardwickChief Executive Officer & DirectorMr. Michael C. RechinAdvisor & DirectorMr. Michael J. StewartPresMr. Stephan H. FluhlerSenior Vice President & Chief Information Officer

NASDAQ : FRME

First Merchants

$43.37

0.78+1.83%

At Close 4:00 PM

77.26

BESG ScoreESG Rating

Profile Key Stats Analyst Ratings Ownership Ratios Financials Dividend & splits Sentiment Forecast

Price Chart

Stock Price Today

First Merchants Corporation (FRME) stock surged +1.83%, trading at $43.37 on NASDAQ, up from the previous close of $42.59. The stock opened at $42.87, fluctuating between $42.41 and $43.37 in the recent session.

Stock Snapshot

42.59

Prev. Close

2.73B

Market Cap

42.41

Day Low

10.9

P/E Ratio

3.98

EPS (TTM)

4.11

Cash Flow per Share

42.87

Open

63.02M

Number of Shares

43.37

Day High

98.3%

Free Float in %

37.82

Book Value

307.59K

Volume

Relevant Articles

SEC Fillings

Current Report (8-k)

Filing Date	Accepted Date

Annual Report (10-k)

Filing Date	Accepted Date

Stock Price History Chart

Date	Open	High	Low	Close	Volume
Jun 25, 2026	42.87	43.37	42.41	43.37	314.25K
Jun 24, 2026	41.89	42.83	41.81	42.59	445K
Jun 23, 2026	41.28	42.10	41.25	41.91	371.52K
Jun 22, 2026	40.65	41.48	40.56	41.19	474.74K
Jun 18, 2026	41.06	41.38	40.57	40.72	740.85K
Jun 17, 2026	41.17	41.55	40.23	40.59	415.98K
Jun 16, 2026	41.42	42.00	40.97	41.25	278.58K
Jun 15, 2026	42.28	42.52	40.99	41.15	294.34K
Jun 12, 2026	41.46	42.12	41.35	42.09	304.93K
Jun 11, 2026	41.42	41.62	40.92	41.21	272.65K
Jun 10, 2026	40.86	41.47	40.74	41.16	311.33K
Jun 09, 2026	40.26	41.29	40.11	40.62	331.17K
Jun 08, 2026	40.04	40.49	39.85	40.02	259.58K
Jun 05, 2026	39.73	40.31	39.72	39.93	286.28K
Jun 04, 2026	39.53	40.21	39.47	40.10	291.2K
Jun 03, 2026	39.86	39.95	38.86	38.90	394.57K
Jun 01, 2026	40.02	40.17	39.39	39.53	391.84K
May 29, 2026	40.48	40.66	40.11	40.30	296.26K
May 28, 2026	40.17	40.52	39.78	40.51	267.76K
May 27, 2026	41.02	41.18	40.08	40.23	235.44K

Contact Details

Muncie, IN 47305-2814

United States

https://www.firstmerchants.com 765 747 1500

About Company

First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank. This institution delivers a full spectrum of community banking solutions. It accepts various types of deposits, including term, savings, and checking accounts. The company also extends a wide array of lending products, such as consumer, commercial, agricultural business, and real estate mortgage loans, in addition to public finance options. Beyond standard banking, First Merchants provides personal and corporate trust services, brokerage capabilities, and private wealth management. Its corporate offerings further include letters of credit, repurchase agreements, and other specialized financial services. The company maintains a network of 109 physical banking locations situated across counties in Indiana, Illinois, Ohio, and Michigan. Furthermore, it offers convenient access to its services via electronic and mobile platforms. First Merchants Corporation was established in 1893 and is headquartered in Muncie, Indiana.

Stock Peers

FCNCA

-28.08-1.33%

First Citizens BancShares, Inc.$2,089.21 HIFS

5.83+1.97%

Hingham Institution for Savings$301.65 CATC

Cambridge Bancorp$220.00 BPOP

1.54+0.93%

Popular, Inc.$167.19 WTFC

2.07+1.30%

Wintrust Financial Corporation$161.88 BFC

-1.54-1.05%

Bank First Corporation$144.90 UMBF

1.94+1.37%

UMB Financial Corporation$143.41 BOKF

1.44+1.05%

BOK Financial Corporation$138.46 CHCO

1.41+1.07%

City Holding Company$132.72 NBN

1.77+1.38%

Northeast Bank$130.25

Company Overview

First Merchants Corporation (NASDAQ:FRME) closed at $43.37 USD, gaining $0.78 (1.83%) from the previous close of $42.59. The stock is currently trading near its 52-week high $34.66 and $43.37. With a market capitalization of about $2.73 billion, First Merchants Corporation is classified as a mid-cap and shows market-like volatility (beta ~0.86). Key stats such as the average daily volume over the past year has been around 343.95 thousand shares, in line with its 52-week average. Headquartered in Muncie, IN, First Merchants Corporation operates in the Financial Services sector and the Banks - Regional industry. Led by CEO Mark K. Hardwick, the company employs approximately 2,120 people and listed since June 20, 1989. First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank.

Technical Performance

Short-term trend indicators are bearishly aligned (SMA20 -0.91%, SMA50 3.86%, SMA200 6.38%). The stock’s 14-day RSI is 52.58 (neutral), while the ATR of 1.11 points to higher daily volatility. The stock remains sitting in the mid-range of its 52-week band, trading -7.4% below its high and over 23.91% above its low. Average 10-day trading volume of 416.91 thousand shares is slightly above the 3-month average of 341.14 thousand, indicating heightened recent market interest.

Valuation Metrics

First Merchants Corporation trades at a P/E ratio of 12.65, slightly below the S&P 500 average, with a price-to-sales ratio of 2.59 and a price-to-book ratio of 0.98 suggesting the stock is closer to book value. The P/FCF stands at 9.69, also below market averages.

Dividend & Fair Value

First Merchants Corporation last paid a dividend of 1.45 per share, this equals a trailing yield of roughly 3.63%. Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $63.32. This means the shares are trading below this model’s fair value.

Earnings & Analyst Outlook

First Merchants Corporation generated EPS of $3.89 over the past year. Five-year average earnings growth is 7.2%. The latest quarter delivered EPS of $1.03. The next quarter is forecast at $0.88. Next year's EPS is expected at -$11.05. Analyst sentiment is bullish. Analyst rating data shows there are 4 Strong Buy ratings, 0 Buy ratings, 1 Hold ratings, 0 Sell rating and 0 Strong Sell ratings. Price targets range from $50.00 to $46.00. The high target offers 15.29% upside. The low target suggests 6.06% downside. The mean target is $47.80. This offers 10.21% upside. First Merchants Corporation earnings surprise history is a consistent trend of beating forecasts. The quarter that ended April 22, 2026, missed forecasts by 7.29%. The prior quarter beat by 2.08%. Over the last six quarters, Apple has recorded several small beats. These include 11.11% in January 30, 2025.

Shareholding & Insider Activity

First Merchants Corporation has 57.73 million shares outstanding. The public float is 56.75 million shares, elevated short interest at 1.12% of float. This equals 566.05 thousand shares. The short ratio is 1.67 days. Institutional investors hold 79.92% of the float. Insiders own 1.63%. Stewart Michael J holds 92.66 thousand shares, Fehring Patrick J. has 91.26 thousand shares and Myers Larry W has 89.75 thousand shares. Over the past six months, insider transactions show net selling. They sold 32.39 thousand shares across 6 transactions.

Financial & Profitability Overview

Over the trailing twelve months, First Merchants generated $996.17M in revenue, or $16.75 per share. Gross margin was 100.00%, operating margin -0.30%, and net profit margin 22.46%. Returns are modest, with ROA at 1.22% and ROE at 9.96%.
On valuation metrics, First Merchants trades at a P/E of 12.65, P/S of 2.59 and P/B of 0.98. The current ratio is 6.04 and quick ratio is 6.04. Operationally, the company’s inventory turnover is 0.00 and cash conversion cycle is 33.67 days. Debt-to-equity is 0.62, supported by a cash flow-to-debt ratio of 0.17.

Quarterly Financial Highlights

For the quarter ended Dec 31, 2023, First Merchants posted revenue of $996.17M, down slightly from $628.14M in the prior quarter. Gross profit was $996.17M (margin 100.00%). Operating income was - $2.97M (margin -0.3%). Net income was$223.79M (EPS $3.74).
The company ended the quarter with - $112.65M in cash and short-term investments, a total debt of $1.05B, and net debt of $502.38M. Total assets were $18.41B, with equity of $2.25B. Financials further reflected stability, with operating cash flow of $260.19M, free cash flow of $260.19M, and capital expenditures of $0.00.

Price Forecast & Outlook

Our AI price prediction model suggests that First Merchants Corporation stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected decline of -0.44%, with price expected at $43.18 by July 08, 2026, within a range of $42.57 to $43.82 3-Month Outlook: Projected rise of 27.72%, reaching $55.39 by September 22, 2026, with a range of $53.27 to $57.77. 1-Year Outlook: Projected gain of 0.23%, with price at $43.47 by June 24, 2027, within a range of $42.50 to $44.64.

Key Takeaways

First Merchants Corporation (NASDAQ:FRME) shares are flat 0.51% year-to-date currently trading near 52-week highs band. Short-term momentum has been positive over the last quarter, despite recent volatility. Valuation shows First Merchants Corporation trading at a premium to the broader market with a P/E of 12.65. Analyst sentiment is bullish, with the majority of ratings in Overweight territory and a mean price target of $43.26, suggesting -0.25% downside. Our AI forecast model points to short-term weakness (-0.44% over two weeks), a medium-term rise (27.72% over three months), and a longer-term gain (0.23% over one year), with expected trading ranges indicating moderate volatility.

Frequently Asked Questions

What is the current First Merchants Corporation (FRME) stock price?

First Merchants Corporation (NASDAQ: FRME) stock price is $43.37 in the last trading session. During the trading session, FRME stock reached the peak price of $43.37 while $42.41 was the lowest point it dropped to. The percentage change in FRME stock occurred in the recent session was 1.83% while the dollar amount for the price change in FRME stock was $0.78.

FRME's industry and sector of operation?

The NASDAQ listed FRME is part of Banks - Regional industry that operates in the broader Financial Services sector. First Merchants Corporation designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

Who are the executives of FRME?

Mr. Marcos Nogues C.F.A.
Chief Investment Officer
Ms. Karen Evens
Vice President & Director of Marketing
Mr. John J. Martin
Executive Vice President & Chief Credit Officer
Ms. Michele M. Kawiecki
Executive Vice President, Chief Financial Officer & Principal Accounting Officer
Mr. Steven C. Harris
Senior Vice President & Director of HR
Ms. Nicole M. Weaver
Vice President & Director of Corporation Admin.
Mr. Brian T. Hunt
Sec. & Legal Counsel
Mr. Mark K. Hardwick
Chief Executive Officer & Director
Mr. Michael C. Rechin
Advisor & Director
Mr. Michael J. Stewart
Pres
Mr. Stephan H. Fluhler
Senior Vice President & Chief Information Officer

How FRME did perform over past 52-week?

FRME's closing price is 25.13% higher than its 52-week low of $34.66 where as its distance from 52-week high of $43.37 is 0%.

How many employees does FRME have?

Number of FRME employees currently stands at 2,120.

Link for FRME official website?

Official Website of FRME is: https://www.firstmerchants.com

How do I contact FRME?

FRME could be contacted at phone 765 747 1500 and can also be accessed through its website. FRME operates from 200 East Jackson Street, Muncie, IN 47305-2814, United States.

How many shares of FRME are traded daily?

FRME stock volume for the day was 307.59K shares. The average number of FRME shares traded daily for last 3 months was 343.95K.

What is the market cap of FRME currently?

The market value of FRME currently stands at $2.73B with its latest stock price at $43.37 and 63.02M of its shares outstanding.

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Employees	2120
Beta	0.86
Sales or Revenue	$996.17M
5Y Sales Change%	0.714%
Fiscal Year Ends	December
Sector	Financial Services
Industry	Banks - Regional

FRME Company Profile and Key Details

First Merchants

Price Chart

Stock Price Today

Stock Snapshot

Relevant Articles

SEC Fillings

Current Report (8-k)

Annual Report (10-k)

Stock Price History Chart

Contact Details

About Company

Company Information

Stock Peers

Company Overview

Technical Performance

Valuation Metrics

Dividend & Fair Value

Earnings & Analyst Outlook

Shareholding & Insider Activity

Financial & Profitability Overview

Quarterly Financial Highlights

Price Forecast & Outlook

Key Takeaways

Frequently Asked Questions

Technical Performance

Earnings & Analyst Outlook

Shareholding & Insider Activity

Company Overview

Financial & Profitability Overview

Quarterly Financial Highlights

Dividend & Fair Value

Valuation Metrics

Key Takeaways

Price Forecast & Outlook