First Merchants Corporation (FRME)

NASDAQ: FRME · Real-Time Price · USD

39.58

-0.20 (-0.50%)

Oct 1, 2026, 4:00 PM EDT - Market closed

First Merchants Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 1, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	2,486	2,167	2,340	2,219	2,449	2,259
Market Cap Growth	15.00%	-7.40%	5.46%	-9.37%	8.41%	11.27%
Last Close Price	39.58	36.46	37.42	33.46	35.53	35.14

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 1, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	12.85	9.67	11.73	10.00	11.10	10.99
PS Ratio	3.87	3.38	3.83	3.43	4.01	4.34
PB Ratio	0.92	0.88	1.01	0.99	1.20	1.18
P/OCF Ratio	7.89	7.64	8.79	8.57	8.61	10.49

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 1, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Debt / Equity Ratio	0.61	0.43	0.55	0.50	0.70	0.36
Net Debt / Equity Ratio	0.37	0.30	0.35	0.22	0.54	0.01
Return on Equity (ROE)	7.37%	9.47%	8.85%	10.45%	11.25%	10.85%
Return on Assets (ROA)	0.93%	1.21%	1.10%	1.23%	1.33%	1.39%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 1, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Earnings Yield	7.41%	10.43%	8.61%	10.08%	9.07%	9.10%
Dividend Yield	3.74%	3.92%	3.72%	4.00%	3.52%	3.22%
Payout Ratio	48.04%	37.52%	41.46%	36.61%	33.39%	29.79%
Buyback Yield / Dilution	-2.56%	1.38%	1.61%	-2.65%	-7.35%	0.44%
Total Shareholder Return	1.18%	5.30%	5.32%	1.35%	-3.83%	3.65%

SEC Filings: 10-K · 10-Q