First Merchants Corp share price logo

First Merchants Corp Share Price

NASDAQ: FRME

Mid Cap

$39.85

-0.18

(-0.45%)

Live

as on

First Merchants Corp Stock Performance

as on September 15, 2025 at 9:38 pm IST

  • Day's Low

    Day's High

    $39.8
    $40.47
    downward going graph

    0.13%

    Downside

    1.56%

    Upside

    downward going graph
  • 52 Week's Low

    52 Week's High

    $33.13
    $46.13
    downward going graph

    16.86%

    Downside

    15.76%

    Upside

    downward going graph

First Merchants Corp share price movements today

Previous Close
$40.03
Open
$40.23
Volume
103.1K
Day's Low - High
$39.8 - $40.47
52 Week Low - High
$33.13 - $46.13

First Merchants Corp Historical Returns

1 Month Return
+ 3.53 %
3 Month Return
+ 11.78 %
1 Year Return
+ 9.5 %
3 Year Return
-1.61 %
5 Year Return
+ 66.06 %

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

$2.3B

EPS (TTM)

3.85

Dividend Yield

3.41%

Quarterly Earnings Growth YOY

0.44%

PE Ratio (TTM)

10.4

Industry PE ratio

13.037432432432432

P/B Ratio

10.3974

PEG Ratio

2.68

EBITDA

-

Revenue (TTM)

638.7M

Profit Margin

35.34%

Return On Equity TTM

9.90%

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 (10.40x)

September 15, 2025

Industry (13.04x)

September 15, 2025

Highest (14.22x)

March 31, 2021

LowHigh

Today’s Price to Earnings Ratio: 10.40x

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 %
BUY$2.3B66.06%10.435.34%
BUY$82.2B143.91%13.7722.70%
BUY$75.8BNA33.3839.32%
BUY$114.7B215.34%19.225.74%
BUY$79.5B81.49%13.8229.23%

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

₹1,13,480

Returns

₹13,480

(+13.48%)

Returns from First Merchants Corp Stock

₹8,494 (+8.49%)

Dollar Returns*

₹4,985 (+4.99%)

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 $46.83

First Merchants Corp Share Price Target

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

What analysts predicted

14.9%UPSIDE

Target Price

$46.83

Current Price

$39.85

Analyzed by

11 Analysts

Target

$46.83

First Merchants Corp target price $46.83, a slight upside of 14.9% compared to current price of $39.85. According to 11 analysts rating.

First Merchants Corp Stock's Interest Amongst Investors

Search interest for First Merchants Corp Stock has increased by 33% in the last 30 days, reflecting an upward trend in search activity.

Time period: to

Change:33% versus previous 30 day period

First Merchants Corp Quarterly Profit & Loss

All numbers in Millions USD

Mar 2023
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Total Revenue
231
247
256
263
262
267
265
257
252
261
Gross Profit
169
164
159
155
151
135
150
152
156
158
Operating Income
75
71
65
46
54
43
56
76
63
65
EBITDA
78
74
68
49
57
47
60
92
71
65
Interest Expense
62
83
95
106
108
107
109
100
92
96
Depreciation
2
2
2
3
3
3
3
16
7
7
Income Before Tax
75
71
65
46
54
43
56
76
63
65
Income Tax Expense
11
10
9
4
6
4
7
12
7
8
Net Income
64
60
56
42
47
39
49
64
55
56
Net Profit Margin
27.69%
24.57%
21.93%
16.13%
18.26%
14.91%
18.49%
25.00%
21.91%
21.77%

First Merchants Corp Annual Profit & Loss

All numbers in Millions USD

Dec 2015
Dec 2016
Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Dec 2024
Total Revenue
281
318
385
484
552
558
555
712
999
1,053
Gross Profit
256
286
339
408
440
433
520
611
647
591
Operating Income
91
108
133
188
193
169
240
255
259
231
EBITDA
97
115
141
196
203
180
251
267
270
258
Interest Expense
24
26
37
69
108
66
35
84
348
426
Depreciation
-
-
7
8
9
11
5
8
11
26
Income Before Tax
91
108
133
188
193
169
240
255
259
231
Income Tax Expense
25
27
37
28
29
21
35
33
35
30
Net Income
65
81
96
159
164
148
205
222
223
201
Net Profit Margin
23.22%
25.45%
24.89%
32.85%
29.79%
26.61%
36.97%
31.15%
22.39%
19.12%

First Merchants Corp Quarterly Cash Flow

All numbers in Millions USD

Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Net Income
60
56
42
47
39
49
64
55
56
Operating Cash Flow
35
58
86
58
63
76
67
61
53
Investing Cash Flow
216
-106
-257
82
-15
-68
-251
-160
-169
Financing Cash Flow
-268
42
158
-153
-42
-29
186
97
111
Change in Cash
-16
16
-12
-12
4
-20
2
-1
-4

First Merchants Corp Annual Cash Flow

All numbers in Millions USD

Dec 2016
Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Dec 2024
Net Income
81
96
159
164
148
205
222
223
201
Operating Cash Flow
103
126
180
178
204
207
268
258
266
Investing Cash Flow
-448
-635
-575
-1,006
-1,552
-1,469
-446
-344
-252
Financing Cash Flow
370
535
379
865
1,362
1,236
133
75
-38
Change in Cash
25
26
-15
37
15
-25
-44
-9
-25

Global Institutional Holdings in First Merchants Corp

Funds
Holdings
Vanguard Group Inc
10.81%
BlackRock Inc
8.29%
Dimensional Fund Advisors, Inc.
5.96%
Earnest Partners LLC
4.44%
State Street Corp
3.46%

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

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 252.56M → 261.02M (in $), with an average increase of 3.2% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 55.33M → 56.83M (in $), with an average increase of 2.6% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Mizuho Financial Group, Inc. has given 188.6% return, outperforming this stock by 190.7%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Mizuho Financial Group, Inc. has given 63.2% return, outperforming this stock by 54.2%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, FRME stock has moved down by -2.1%

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

Mr. Michael C. Rechin

Advisor & Vice Chair

Mr. Michael J. Stewart

President

Ms. Michele M. Kawiecki

Executive VP, CFO & Principal Accounting Officer

Ms. Nicole M. Weaver

VP & Director of Corporate Administration

Mr. Brian T. Hunt J.D.

Secretary & Legal Counsel

Mr. Mark K. Hardwick CPA

CEO & Director

Mr. John J. Martin

Executive VP & Chief Credit Officer

Mr. Joseph C. Peterson

Executive VP & Chief Commercial Officer

Mr. Marcos Nogues C.F.A.

Chief Investment Officer

Mr. Stephan H. Fluhler

Senior VP & Chief Information Officer

FAQs

What is First Merchants Corp share price today?

First Merchants Corp share price today is $39.85 as on . First Merchants Corp share today touched a day high of $40.47 and a low of $39.8.

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 $46.13 on and a 52 week low of $33.13 on . First Merchants Corp stock price today i.e. is trending at $39.85,which is 13.61% down from its 52 week high and 20.28% 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 0.0376 shares as per First Merchants Corp share price of $39.85 per share as on September 15, 2025 at 9:38 pm 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 ₹88.141 or $1 (as of ) using the INDmoney app.
For example: If you want to invest $10 or ₹881.41 in First Merchants Corp stock (as per the Rupee-Dollar exchange rate as on ). Based on First Merchants Corp share’s latest price of $39.85 as on September 15, 2025 at 9:38 pm IST, you will get 0.2509 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 66.06% share price returns and 20.01% 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?