First Merchants Corp share price logo

First Merchants Corp Share Price

NASDAQ: FRME

Mid Cap

$37.87

-0.40

(-1.05%)

as on

First Merchants Corp Stock Performance

as on March 28, 2026 at 6:59 am IST

  • Day's Low

    Day's High

    $37.74
    $38.32
    downward going graph

    0.34%

    Downside

    1.19%

    Upside

    downward going graph

  • 52 Week's Low

    52 Week's High

    $33.13
    $43.22
    downward going graph

    12.52%

    Downside

    14.13%

    Upside

    downward going graph

First Merchants Corp share price movements today

Previous Close
$38.27
Open
$37.84
Volume
246.5K
Day's Low - High
$37.74 - $38.32
52 Week Low - High
$33.13 - $43.22

First Merchants Corp Historical Returns

1 Month Return
-3.15 %
3 Month Return
-1.07 %
1 Year Return
-6.29 %
3 Year Return
+ 12.18 %
5 Year Return
-21.85 %

First Merchants Corp Stock Fundamentals & Key Indicators

Check First Merchants Corp market cap, PE, PB, PEG ratios, dividend yield, and other key fundamental indicators.

Market Cap

$2.4B

EPS (TTM)

4.2

Dividend Yield

3.41%

Quarterly Earnings Growth YOY

-0.11%

PE Ratio (TTM)

9.76

Industry PE ratio

11.615068493150686

PEG Ratio

1.395

EBITDA

-

Revenue (TTM)

641.7M

Profit Margin

35.22%

Return On Equity TTM

9.47%

First Merchants Corp Stock Valuation

Track how First Merchants Corp P/E has moved over time to understand its valuation trends.

First Merchants Corp in the last 5 years

  • Overview

  • Trends

Lowest (6.51x)

June 30, 2023

Today (9.76x)

March 28, 2026

Industry (11.62x)

March 28, 2026

Highest (14.22x)

March 31, 2021

LowHigh

Today’s Price to Earnings Ratio: 9.76x

First Merchants Corp vs Peer Comparison

Compare market cap, revenue, PE, and other key metrics of First Merchants Corp with its industry peers.

Company
Analyst View
Market Cap
5 Years Return %PE RatioProfit Margin %
First Merchants Corp image
First Merchants Corp
BUY$2.4B-21.85%9.7635.22%
Mizuho Financial Group, Inc. image
Mizuho Financial Group, Inc.
BUY$95.2B142.99%14.6826.13%
Itaú Unibanco Holding S.a. image
Itaú Unibanco Holding S.a.
BUY$87.7B83.09%10.3432.28%
Pnc Financial Services Group, Inc. image
Pnc Financial Services Group, Inc.
BUY$83.1B12.64%12.3931.08%
U.s. Bancorp image
U.s. Bancorp
HOLD$80.2B-9.54%11.1728.72%
See all

Stock Returns calculator for First Merchants Corp Stock including INR - Dollar returns

The First Merchants Corp stock calculator helps Indian investors calculate returns based on the historical performance of the stock. Just choose your investment amount and duration to get insights and invest more confidently. See stock returns as well as the effect of dollar appreciation over different durations.

*Dollar Return is the profit earned when the US dollar rises in value compared to the Indian rupee.

Investment Value

₹1,00,000

  • 1Y

  • 3Y

  • 5Y

  • 7Y

  • 10Y

First Merchants Corp investment value today

Current value as on today

₹1,04,389

Returns

₹4,389

(+4.39%)

Returns from First Merchants Corp Stock

₹6,239 (-6.24%)

Dollar Returns*

₹10,628 (+10.63%)

Analyst Recommendation on First Merchants Corp Stock

Based on 11 analysts

BUY

90.91%

Buy

9.09%

Hold

0.00%

Sell

Based on 11 analysts, 90.91% of analysts recommend a 'BUY' rating for First Merchants Corp. Average target price of $46.8

First Merchants Corp Share Price Target

Get share price movements and forecasts by analysts on First Merchants Corp.

What analysts predicted

19.08%UPSIDE

Target Price

$46.8

Current Price

$37.87

Analyzed by

11 Analysts

Target

$46.80

First Merchants Corp target price $46.8, a slight upside of 19.08% compared to current price of $37.87. According to 11 analysts rating.

First Merchants Corp Stock’s Investor Sentiment and Interest

Search interest for First Merchants Corp Stock has increased by 50% in the last 30 days, reflecting an upward trend in search activity.

Time period: to

Change:50% versus previous 30 day period

First Merchants Corp Quarterly Profit & Loss

All numbers in Millions USD

Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Total Revenue
256
263
262
267
265
257
252
261
267
269
Gross Profit
159
155
151
135
150
152
156
158
161
164
Operating Income
65
46
54
43
56
76
63
65
65
65
EBITDA
68
49
57
47
60
92
71
72
73
71
Interest Expense
95
106
108
107
109
100
92
96
101
98
Depreciation
2
3
3
3
3
16
7
7
8
5
Income Before Tax
65
46
54
43
56
76
63
65
65
65
Income Tax Expense
9
4
6
4
7
12
7
8
8
8
Net Income
56
42
47
39
49
64
55
56
56
57
Net Profit Margin
21.93%
16.13%
18.26%
14.91%
18.49%
25.00%
21.91%
21.77%
21.21%
21.15%

First Merchants Corp Annual Profit & Loss

All numbers in Millions USD

Dec 2016
Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Dec 2024
Dec 2025
Total Revenue
318
385
484
552
558
555
712
999
1,053
1,050
Gross Profit
286
339
408
440
433
520
611
647
591
640
Operating Income
108
133
188
193
169
240
255
259
231
259
EBITDA
115
141
196
203
180
251
267
270
258
288
Interest Expense
26
37
69
108
66
35
84
348
426
388
Depreciation
-
7
8
9
11
5
8
11
26
29
Income Before Tax
108
133
188
193
169
240
255
259
231
259
Income Tax Expense
27
37
28
29
21
35
33
35
30
33
Net Income
81
96
159
164
148
205
222
223
201
226
Net Profit Margin
25.45%
24.89%
32.85%
29.79%
26.61%
36.97%
31.15%
22.39%
19.12%
21.52%

First Merchants Corp Quarterly Cash Flow

All numbers in Millions USD

Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Net Income
42
47
39
49
64
55
56
56
57
Operating Cash Flow
86
58
63
76
67
61
53
87
80
Investing Cash Flow
-257
82
-15
-68
-251
-160
-169
-143
-300
Financing Cash Flow
158
-153
-42
-29
186
97
111
62
216
Change in Cash
-12
-12
4
-20
2
-1
-4
6
-3

First Merchants Corp Annual Cash Flow

All numbers in Millions USD

Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Dec 2024
Dec 2025
Net Income
96
159
164
148
205
222
223
201
226
Operating Cash Flow
126
180
178
204
207
268
258
266
283
Investing Cash Flow
-635
-575
-1,006
-1,552
-1,469
-446
-344
-252
-773
Financing Cash Flow
535
379
865
1,362
1,236
133
75
-38
486
Change in Cash
26
-15
37
15
-25
-44
-9
-25
-3

Global Institutional Holdings in First Merchants Corp

Funds
Holdings
Dimensional Fund Advisors, Inc.
5.23%
Geode Capital Management, LLC
2.26%
First Trust Advisors L.P.
1.13%
Capital Research & Mgmt Co - Division 3
2.12%
Charles Schwab Investment Management Inc
1.08%
See all

Insights on First Merchants Corp

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 56.76M → 57.06M (in $), with an average increase of 0.5% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 252.56M → 269.77M (in $), with an average increase of 2.2% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, FRME stock has moved up by 3.5%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Itaú Unibanco Holding S.a. has given 46.9% return, outperforming this stock by 53.2%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Mizuho Financial Group, Inc. has given 92.2% return, outperforming this stock by 80.7%

About First Merchants Corp

with more than 100 banking locations throughout 27 indiana counties as well as two in both illinois and ohio, we provide our customers with broad financial services delivered locally by bankers who are known and trusted in their communities. first merchants corporation is the largest financial services holding company headquartered in central indiana. bank divisions within the corporation include: first merchants bank lafayette bank & trust first merchants private wealth advisors, one of the largest wealth management companies in indiana. together we offer consumer banking, mortgage banking, business banking, cash management services, and wealth management, and are focused on building deep, lifelong client relationships and providing maximum shareholder value. we are a team of associates who support and expect superior results from our company and ourselves. accountability and execution is the foundation of our success. we provide an experience where customers can bank with their neigh
OrganisationFirst Merchants Corp
Headquarters200 East Jackson Street, Muncie, IN, United States, 47305-2814
IndustryFinance
CEOMr. Mark K. Hardwick CPA
E-voting on sharesClick here to vote

Key Management of First Merchants Corp

Name

Title

Ms. Michele M. Kawiecki

Executive VP, CFO & Principal Accounting Officer

Mr. John J. Martin

Executive VP & Chief Credit Officer

Mr. Brian T. Hunt J.D.

Secretary & Legal Counsel

Mr. Michael C. Rechin

Advisor & Vice Chair

Mr. Michael J. Stewart

President

Mr. Marcos Nogues C.F.A.

Chief Investment Officer

Mr. Stephan H. Fluhler

Senior VP & Chief Information Officer

Ms. Nicole M. Weaver

VP & Director of Corporate Administration

Mr. Mark K. Hardwick CPA

CEO & Director

Mr. Joseph C. Peterson

Executive VP & Chief Commercial Officer

FAQs

What is First Merchants Corp share price today?

First Merchants Corp share price today is $37.87 as on at the close of the market. First Merchants Corp share today touched a day high of $38.32 and a low of $37.74.

What is the 52 week high and 52 week low for First Merchants Corp share?

First Merchants Corp share touched a 52 week high of $43.22 on and a 52 week low of $33.13 on . First Merchants Corp stock price today i.e. is closed at $37.87,which is 12.38% down from its 52 week high and 14.31% up from its 52 week low.

What is First Merchants Corp's market capitalisation today?

First Merchants Corp market capitalisation is $0.00T as on .

How to invest in First Merchants Corp Stock (FRME) from India?

  1. Step 1: Open a free US stocks account on INDmoney App and transfer your Rupees into Dollars to your INDmoney US stocks account. For a step by step instruction, check How to Transfer Money to Your US Stocks Account .
  2. Step 2: Search for First Merchants Corp on INDmoney app. Click on Buy button. You can invest as low as $1.5 in First Merchants Corp Shares that will get you 0.0396 shares as per First Merchants Corp share price of $37.87 per share as on March 28, 2026 at 1:29 am IST.

What is the minimum amount required to buy First Merchants Corp Stock (FRME) from India?

Indian investors can start investing in First Merchants Corp (FRME) shares with as little as ₹94.63 or $1 (as of ) using the INDmoney app.
For example: If you want to invest $10 or ₹946.30 in First Merchants Corp stock (as per the Rupee-Dollar exchange rate as on ). Based on First Merchants Corp share’s latest price of $37.87 as on March 28, 2026 at 1:29 am IST, you will get 0.2641 shares of First Merchants Corp. Learn more about fractional shares .

What are the returns that First Merchants Corp has given to Indian investors in the last 5 years?

First Merchants Corp stock has given -21.85% share price returns and 29.07% dollar appreciation to an Indian investor in the last 5 years.
Read more about How do Currency Exchange Rates impact your returns on US Stock Investments?