First Merchants share price logo

First Merchants

NASDAQ: FRME

Mid Cap

$40.68

-0.15

(-0.37%)

as on

First Merchants Stock Performance

as on October 24, 2026 at 2:16 pm IST

  • Day's Low

    Day's High

    $40.39
    $41.03
    downward going graph

    0.71%

    Downside

    0.86%

    Upside

    downward going graph
  • 52 Week's Low

    52 Week's High

    $34.66
    $45.33
    downward going graph

    14.80%

    Downside

    11.43%

    Upside

    downward going graph

First Merchants share price movements today

Previous Close
$40.83
Open
$41.00
Volume
204.4K
Market Cap
$2.5B
Dividend Yield
3.65%
Day's Low - High
$40.39 - $41.03
52 Week Low - High
$34.66 - $45.33

First Merchants Historical Returns

1 Month Return
+ 0.48 %
3 Month Return
-5.79 %
1 Year Return
+ 9.15 %
3 Year Return
+ 55.15 %
5 Year Return
-5.55 %

First Merchants Stock Fundamentals & Key Indicators

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

Market Cap

$2.5B

EPS (TTM)

3.14

Dividend Yield

3.65%

Quarterly Earnings Growth YOY

-0.29%

PE Ratio (TTM)

12.6

Industry PE ratio

13.66

PEG Ratio

-0.66

EBITDA

238.3M

Revenue (TTM)

1.1B

Profit Margin

60.04%

Return On Equity TTM

7.54%

First Merchants vs Peer Comparison

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

Company
Analyst View
Market Cap
5 Years Return %PE RatioProfit Margin %Dividend Yield %
StrongBuy$2.5B-5.55%12.6060.04%3.65%
Buy$118.6B257.09%13.3029.14%1.75%
Neutral$112.0B165.28%12.4335.88%5.39%
NA$162.4BNA7.1687.19%4.29%
Buy$105.0B48.04%16.9668.59%0.85%

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

The First Merchants 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 Impact: The bonus return you make when the US Dollar rises against the Rupee; calculated on the full amount you walk away with, not just what you invested in.

Investment Value

₹1,00,000

  • 1Y

  • 3Y

  • 5Y

  • 7Y

  • 10Y

First Merchants investment value today

Current value as on today

₹1,17,977

Returns

₹17,977

(+17.98%)

Returns from First Merchants Stock

₹9,149 (+9.15%)

Dollar Impact

₹8,828 (+8.83%)

Analyst Recommendation on First Merchants Stock

Based on 3 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 3 analysts, 100% of analysts recommend a 'BUY' rating for First Merchants. Average target price of $46.5

First Merchants Share Price Target

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

What analysts predicted

12.52%UPSIDE

Target Price

$46.5

Current Price

$40.68

Analyzed by

3 Analysts

High

$48

Target

$46.50

Low

$46

First Merchants target price $46.5, a slight upside of 12.52% compared to current price of $40.68. According to 3 analysts rating.

Indian Investors' Interest in First Merchants Stock

Search interest for First Merchants Stock has decreased by -17% in the last 30 days, reflecting a downward trend in search activity.

Time period: to

Change:-17% versus previous 30 day period

First Merchants Quarterly Profit & Loss

All numbers in Millions USD

Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Total Revenue
262
267
265
257
252
261
267
269
253
298
Gross Profit
151
135
150
152
156
158
161
164
151
163
Operating Income
54
43
56
76
63
65
65
65
27
48
EBITDA
57
47
60
92
71
72
73
71
36
57
Interest Expense
108
107
109
100
92
96
101
98
97
101
Depreciation
3
3
3
16
7
7
8
5
8
9
Income Before Tax
54
43
56
76
63
65
65
65
27
47
Income Tax Expense
6
4
7
12
7
8
8
8
-1
3
Net Income
47
39
49
64
55
56
56
57
28
43
Net Profit Margin
57.78%
50.58%
56.77%
59.41%
61.81%
60.80%
60.49%
60.88%
59.67%
54.73%

First Merchants Annual Profit & Loss

All numbers in Millions USD

Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Dec 2024
Dec 2025
Total Revenue
385
484
552
558
555
712
999
1,053
1,050
Gross Profit
339
408
440
433
520
611
647
591
640
Operating Income
133
188
193
169
240
255
259
231
259
EBITDA
141
196
203
180
251
267
270
258
288
Interest Expense
37
69
108
66
35
84
348
426
388
Depreciation
7
8
9
11
10
11
11
26
29
Income Before Tax
133
188
193
169
240
255
259
231
259
Income Tax Expense
37
28
29
21
35
33
35
30
33
Net Income
96
159
164
148
205
222
223
201
226
Net Profit Margin
87.88%
84.25%
79.80%
77.61%
93.53%
85.76%
64.78%
56.09%
60.96%

First Merchants Quarterly Cash Flow

All numbers in Millions USD

Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Net Income
47
39
49
64
55
56
56
57
28
43
Operating Cash Flow
58
63
76
67
61
53
87
80
58
88
Investing Cash Flow
82
-15
-68
-251
-160
-169
-143
-300
368
-289
Financing Cash Flow
-153
-42
-29
186
97
111
62
216
-412
190
Change in Cash
-12
4
-20
2
-1
-4
6
-3
13
-11

First Merchants 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
215
284
258
266
283
Investing Cash Flow
-635
-575
-1,006
-1,552
-1,477
-462
-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

Check out the Institutions with significant holdings in First Merchants.

Funds
Holdings
Vanguard
9.69%
VANGUARD INDEX FUNDS
7.79%
DFA
4.45%
iShares
3.80%
DFA INVESTMENT DIMENSIONS GROUP INC
3.11%

First Merchants News & Key Events

  • img

    Today's Timeline - 01 October

    Thu, 05:58 PM

    -

    CEO Mark Hardwick to retire at year-end; Mike Stewart named successor effective January 1, 2027.

Insights on First Merchants

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 3 quarters, 28.15M → 68.31M (in $), with an average increase of 35.8% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 253.29M → 301.95M (in $), with an average increase of 8.2% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, FRME stock has moved up by 2.7%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Mizuho Financial Group, Inc. American Depositary Shares Each representing one-fifth of an Ordinary Share has given 184.0% return, outperforming this stock by 129.7%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Mizuho Financial Group, Inc. American Depositary Shares Each representing one-fifth of an Ordinary Share has given 48.1% return, outperforming this stock by 39.0%

About First Merchants

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.
OrganisationFirst Merchants
Headquarters200 East Jackson Street, Muncie, IN, 47305-2814, US
IndustryBanks - Regional
CEOMark K. Hardwick

Key Management of First Merchants

Name

Title

Mr. Stephan H. Fluhler

Senior VP & Chief Information Officer

Mr. John J. Martin

Executive VP & Chief Credit Officer

Mr. Michael C. Rechin

Advisor & Vice Chair

Mr. Michael J. Stewart

President

Ms. Michele M. Kawiecki

Executive VP, CFO & Principal Accounting Officer

Mr. Joseph C. Peterson

Executive VP & Chief Commercial Officer

Mr. Marcos Nogues C.F.A.

Chief Investment Officer

Ms. Nicole M. Weaver

VP & Director of Corporate Administration

Mr. Brian T. Hunt J.D.

Secretary & Legal Counsel

Mr. Mark K. Hardwick C.P.A.

CEO & Director

FAQs

What is First Merchants share price today?

First Merchants share price today is $40.68 as on at the close of the market. First Merchants share today touched a day high of $41.03 and a low of $40.39.

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

First Merchants share touched a 52 week high of $45.33 on and a 52 week low of $34.66 on . First Merchants stock price today i.e. is closed at $40.68,which is 10.26% down from its 52 week high and 17.37% up from its 52 week low.

What is First Merchants's market capitalisation today?

First Merchants market capitalisation is $0.00T as on .

How to invest in First Merchants 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 on INDmoney app. Click on Buy button.

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

Indian investors can start investing in First Merchants (FRME) shares with as little as ₹94.94000244140625 or $1 (as of ) using the INDmoney app.
For example: If you want to invest $10 or ₹949.40 in First Merchants stock (as per the Rupee-Dollar exchange rate as on ). Based on First Merchants share’s latest price of $40.68 as on October 24, 2026 at 8:46 am IST, you will get 0.2458 shares of First Merchants. Learn more about fractional shares .

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

First Merchants stock has given -5.55% share price returns and 25.92% 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?