First Merchants Corporation (FRME)
| Market Cap | 2.53B +19.7% |
| Revenue (ttm) | 676.12M +4.1% |
| Net Income | 195.64M -15.3% |
| EPS | 3.21 -19.9% |
| Shares Out | 62.21M |
| PE Ratio | 12.68 |
| Forward PE | 9.48 |
| Dividend | $1.48 (3.64%) |
| Ex-Dividend Date | Sep 4, 2026 |
| Volume | 417,115 |
| Open | 40.67 |
| Previous Close | 40.83 |
| Day's Range | 40.39 - 41.03 |
| 52-Week Range | 34.66 - 45.33 |
| Beta | 0.88 |
| Analysts | Buy |
| Price Target | 46.83 (+15.12%) |
| Earnings Date | Oct 21, 2026 |
About FRME
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products. It also provides personal and commercial wealth management services, brokerage, investment management, private banking, fi... [Read more]
Financial Performance
In 2025, First Merchants's revenue was $641.70 million, an increase of 5.03% compared to the previous year's $610.99 million. Earnings were $224.13 million, an increase of 12.33%.
Financial StatementsAnalyst Summary
According to 6 analysts, the average rating for FRME stock is "Buy." The 12-month stock price target is $46.83, which is an increase of 15.12% from the latest price.
News
First Merchants Earnings Call Transcript: Q3 2026
Q3 earnings and NIM improved, with adjusted pre-provision earnings up 19% YoY. Management expects mid-single-digit Q4 loan growth, stable Q4 margin, continued buybacks, and 3%-5% expense growth in 2027.
First Merchants Slides: Q3 2026
First Merchants has posted slides in relation to its Q3 2026 quarterly earnings report, which was published on October 22, 2026.
First Merchants Earnings release: Q3 2026
First Merchants released its Q3 2026 earnings on October 22, 2026, summarizing the period's financial results.
First Merchants reports Q3 EPS $1.09, consensus $1.04
Reports Q3 revenue $199.07M, consensus $203.94M. “First Merchants (FRME) delivered strong third quarter results. Earnings per diluted share were $1.09, up 11 percent from the third quarter of last yea...
First Merchants Corporation Announces Third Quarter 2026 Results
MUNCIE, Ind., Oct. 21, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) (the "Corporation" or "First Merchants")
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
MUNCIE, Ind., Oct. 15, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, r...
First Merchants upgraded to Outperform from Market Perform at Raymond James
Raymond James upgraded First Merchants (FRME) to Outperform from Market Perform with a $46 price target First Merchants’ integration risk is largely behind it, while credit losses are expected to…
First Merchants price target lowered to $46 from $51 at Piper Sandler
Piper Sandler lowered the firm’s price target on First Merchants (FRME) to $46 from $51 and keeps an Overweight rating on the shares. The firm is making some estimate and…
First Merchants announces Hardwick to retire, Stewart to succeed
First Merchants (FRME) announced that CEO Mark Hardwick will retire at the end of the year after 29 years with the bank. The First Merchants Corporation Board of Directors announced…
First Merchants Bank CEO Mark Hardwick to retire at the end of 2026 and President Mike Stewart to become President and CEO
MUNCIE, Ind., Oct. 01, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) today announced that CEO Mark Hardwick will retire at the end of the year after 29 years with the bank. The F...
First Merchants Corporation to Report Third Quarter 2026 Financial Results, Host Conference Call and Webcast
MUNCIE, Ind., Sept. 30, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq: FRME) will release its third quarter 2026 financial results on Wednesday, October 21, 2026. The Corporation will h...
First Merchants Corporation Announces Pricing of Subordinated Notes Offering
MUNCIE, Ind., Sept. 23, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq: FRME) (the “Company”) today announced the pricing of its offering of $100 million of its 6.750% Fixed-to-Floating ...
KBRA Assigns Ratings to First Merchants Corporation
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 to Muncie, Indiana-based Fir...
First Merchants files automatic mixed securities shelf
13:47 EDT First Merchants (FRME) files automatic mixed securities shelf
First Merchants Corporation Announces Cash Dividend
MUNCIE, Ind., Aug. 14, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 14, 2026 of $0.37 per common share. The dividend is payable on September 18, 2026 to comm...
First Merchants management to meet with Piper Sandler
Meeting to be held on August 4 hosted by Piper Sandler.
First Merchants Earnings Call Transcript: Q2 2026
Second quarter results showed strong revenue and margin growth, with adjusted pre-tax, pre-provision earnings up 7.5% sequentially. Asset quality was impacted by two large commercial credits, but overall portfolio performance remains stable. Share repurchases and integration of the First Savings acquisition support a positive outlook for the remainder of 2026.
First Merchants Slides: Q2 2026
First Merchants has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on July 23, 2026.
First Merchants Earnings release: Q2 2026
First Merchants released its Q2 2026 earnings on July 23, 2026, summarizing the period's financial results.
First Merchants Quarterly report: Q2 2026
First Merchants has published its Q2 2026 quarterly earnings report on July 23, 2026.
First Merchants reports Q2 adjusted EPS 74c, consensus $1.03
Reports Q2 revenue $196.1M, consensus $202.7M. Reports Q2 tangible book value per share $29.80. Reports Q2 CET1 capital ratio 11.16%. “First Merchants (FRME) continued to build momentum during the sec...
First Merchants Corporation Announces Cash Dividend on its Preferred Stock
MUNCIE, Ind., July 13, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, r...
First Merchants Corporation to Report Second Quarter 2026 Financial Results, Host Conference Call and Webcast
MUNCIE, Ind., July 02, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq: FRME) will release its second quarter 2026 financial results on Wednesday, July 22, 2026.
First Merchants price target raised to $51 from $49 at Piper Sandler
Piper Sandler raised the firm’s price target on First Merchants (FRME) to $51 from $49 and keeps an Overweight rating on the shares. The firm adjusted targets in the Midwest…