First Merchants (FRME)
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First Merchants Corp is a US regional banking company that provides community-focused financial services through its banking and financial subsidiaries. Headquartered in Indiana, the company serves individuals, small businesses, commercial clients, municipalities, and nonprofit organisations across markets in the Midwest. Its core model is built around locally delivered banking, with relationship managers and branch teams supporting customers in the communities where the bank operates.
The company offers a broad range of personal banking services, including checking and savings accounts, certificates of deposit, consumer loans, credit cards, and residential mortgage products. For business clients, First Merchants provides commercial lending, treasury management, equipment finance, real estate lending, and deposit services. It also offers wealth management, brokerage, trust, retirement planning, and insurance-related solutions, allowing the bank to serve customers across multiple stages of their financial lives.
First Merchants reports its operations primarily as community banking, reflecting the central role of deposit gathering and lending in its earnings profile. Like other regional banks, its performance is influenced by loan demand, credit quality, deposit costs, interest rate movements, and the economic health of the local markets it serves. Commercial and real estate lending are important parts of the franchise, making underwriting discipline and balance sheet management central to the company’s long-term results.
The company’s appeal lies in its combination of local decision-making and a wider financial product set than many smaller community banks can provide. By pairing relationship banking with mortgage, wealth, insurance, and cash management capabilities, First Merchants aims to retain customers as their financial needs become more complex.
Last updated
- Market Cap
- 2.53B
- P/E
- 12.85
- P/FCF
- —
- P/S
- 2.4
- Enterprise Value
- 3.82B
- Sector
- Financials
- Industry
- National Commercial Banks
- Address
- 200 E JACKSON ST, MUNCIE, IN, 47308-0792
First Merchants Corporation to Report Fourth Quarter 2025 Financial Results, Host Conference Call and Webcast
First Merchants Corporation to Report Third Quarter 2025 Financial Results, Host Conference Call and Webcast
First Merchants Corporation Announces Cash Dividend
First Merchants Corporation to Report Second Quarter 2025 Financial Results, Host Conference Call and Webcast
First Merchants Corporation Announces Changed Ex-Dividend Date for Previously Announced Dividend
First Merchants Corporation Announces Cash Dividend on its Preferred Stock
First Merchants Corporation to Report First Quarter 2025 Financial Results, Host Conference Call and Webcast
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
First Merchants Corporation to Report Third Quarter 2024 Financial Results, Host Conference Call and Webcast
First Merchants Corporation Announces Retirement of Board Chair Charles E. Schalliol and Appointment of New Board Chair Jean L. Wojtowicz
First Merchants Corporation Announces Cash Dividend
First Merchants (FRME) Reports Q1 Earnings: What Key Metrics Have to Say
First Merchants (FRME) Beats Q1 Earnings Estimates
First Merchants Corporation Announces First Quarter 2024 Earnings Per Share
First Western (MYFW) Q1 Earnings and Revenues Beat Estimates
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
First Merchants Corporation to Report First Quarter 2024 Financial Results, Host Conference Call and Webcast
First Merchants Corporation Announces Cash Dividend
First Merchants (FRME) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
First Merchants Corporation Announces Fourth Quarter 2023 Earnings Per Share
- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 2.53B
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 3.82B
- P/E
P/E ratio compares a company's share price to its earnings per share.
- 12.85
- P/B
P/B ratio compares a company's share price to its book value per share.
- 0.95
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 2.4
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- 17.12
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 3.62
- EPS
- 3.12
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 3.44%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- 9.02
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- —
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- 7.37%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- 0.93%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0.52
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 2.64
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 2.64
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.07
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 325.64K
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 40.15
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | 254.4M | 270.55M | 267.57M | 261.04M | 252.57M |
| Gross profit | 157.13M | 172.17M | 166.14M | 164.32M | 160.32M |
| Operating income | 27.09M | 65.5M | 65.28M | 65.12M | 63.22M |
| EBITDA | 27.09M | 65.5M | 65.28M | 65.12M | 63.22M |
| Net income | 27.69M | 56.6M | 56.3M | 56.36M | 54.87M |
| Basic EPS | 0.46 | 0.99 | 0.98 | 0.98 | 0.95 |
| Diluted EPS | 0.45 | 0.98 | 0.98 | 0.98 | 0.94 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 21.07B | 19.03B | 18.81B | 18.59B | 18.44B |
| Total liabilities | 18.4B | 16.56B | 16.4B | 16.24B | 16.11B |
| Total equity | 2.67B | 2.47B | 2.41B | 2.35B | 2.33B |
| Cash & equivalents | 98.08M | 84.16M | 88.08M | 81.57M | 86.11M |
| Current assets | 3.65B | 3.71B | 3.69B | 3.73B | 3.89B |
| Current liabilities | 1.39B | 856.18M | 856.26M | 961.32M | 1.16B |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | 58.59M | 80.71M | 87.56M | 53.68M | 61.7M |
| Investing cash flow | 368.07M | -300.76M | -143.33M | -169.32M | -160.42M |
| Financing cash flow | -412.74M | 216.12M | 62.28M | 111.1M | 97.22M |
| Change in cash | 13.93M | -3.92M | 6.51M | -4.55M | -1.5M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 3 — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 8-K — FIRST MERCHANTS CORP | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 8-K — FIRST MERCHANTS CORP | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 3/A — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4/A — FIRST MERCHANTS CORP | View Filing | |
| form 3 | Form 3 — Myers Larry W | View Filing | |
| form 3 | Form 3 — Myers Larry W | View Filing | |
| form 3 | Form 3 — Myers Larry W | View Filing | |
| form 4 | Form 4 — Myers Larry W | View Filing | |
| form 4 | Form 4 — Myers Larry W | View Filing | |
| form 4 | Form 4 — Myers Larry W | View Filing | |
| edgar index | 10-Q — FIRST MERCHANTS CORP | View Filing | |
| edgar index | SCHEDULE 13G — FIRST MERCHANTS CORP | View Filing | |
| edgar index | SCHEDULE 13G — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 8-K — FIRST MERCHANTS CORP | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 13F-HR — FIRST MERCHANTS CORP | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | DEF 14A — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| form 4 | Form 4 — WOJTOWICZ JEAN L | View Filing | |
| form 4 | Form 4 — RECHIN MICHAEL C | View Filing | |
| form 4 | Form 4 — Lehman Gary | View Filing | |
| form 4 | Form 4 — Becher Michael R | View Filing | |
| form 4 | Form 4 — Halderman Howard | View Filing | |
| form 4 | Form 4 — FISHER MICHAEL J | View Filing | |
| form 4 | Form 4 — KELLOGG CLARK C | View Filing | |
| form 4 | Form 4 — Brooks Susan W | View Filing | |
| form 4 | Form 4 — Sondhi Jason R | View Filing | |
| form 4 | Form 4 — Johnson Kevin D | View Filing | |
| form 4 | Form 4 — Chiang Mung | View Filing | |
| edgar index | SCHEDULE 13G/A — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| form 4 | Form 4 — HARDWICK MARK K | View Filing | |
| form 4 | Form 4 — FLUHLER STEPHAN | View Filing | |
| edgar index | 144 — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| form 4 | Form 4 — Myers Larry W | View Filing | |
| form 4 | Form 4 — Myers Larry W | View Filing | |
| form 4 | Form 4 — Myers Larry W | View Filing | |
| form 4 | Form 4 — Myers Larry W | View Filing | |
| form 4 | Form 4 — Myers Larry W | View Filing | |
| form 4 | Form 4 — Myers Larry W | View Filing | |
| edgar index | 10-K — FIRST MERCHANTS CORP | View Filing | |
| ten k section | 10-K — business | View Filing | |
| ten k section | 10-K — business | View Filing | |
| ten k section | 10-K — mda | View Filing | |
| ten k section | 10-K — mda | View Filing | |
| ten k section | 10-K — risk_factors | View Filing | |
| ten k section | 10-K — risk_factors | View Filing | |
| edgar index | 3 — FIRST MERCHANTS CORP | View Filing | |
| form 3 | Form 3 — Myers Larry W | View Filing | |
| form 3 | Form 3 — Myers Larry W | View Filing | |
| form 3 | Form 3 — Myers Larry W | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| edgar index | 4 — FIRST MERCHANTS CORP | View Filing | |
| form 4 | Form 4 — Scurlock Eva D. | View Filing | |
| form 4 | Form 4 — Scurlock Eva D. | View Filing |