First Merchants Corp (FRME) Live Share Price, Invest From India

First Merchants Corp Stock Performance

as on December 6, 2025 at 2:29 am IST

Day's Low
Day's High
$36.83
Day's Price Range
$37.37
$37.33
1.34%
Downside
0.11%
Upside
52 Week's Low
52 Week's High
$33.13
52-Week Price Range
$45.62
$37.33
11.25%
Downside
22.21%
Upside

First Merchants Corp share price movements today

Previous Close: $37.60
Open: $37.04
Volume: 296.4K
Day's Low - High: $36.83 - $37.37
52 Week Low - High: $33.13 - $45.62

First Merchants Corp Historical Returns

1 Month Return: + 4.74 %
3 Month Return: -8.97 %
1 Year Return: -13.31 %
3 Year Return: -9.83 %
5 Year Return: + 4.24 %

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

$2.2B

EPS (TTM)

3.8667

Dividend Yield

3.41%

Quarterly Earnings Growth YOY

0.17%

PE Ratio (TTM)

9.33

Industry PE ratio

16.39890410958904

PEG Ratio

2.68

EBITDA

Revenue (TTM)

649.6M

Profit Margin

35.91%

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 (9.33x)

December 6, 2025

Industry (16.40x)

December 6, 2025

Highest (14.22x)

March 31, 2021

LowHigh

Today’s Price to Earnings Ratio: 9.33x

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 Ratio	Profit Margin %
First Merchants Corp	BUY	$2.2B	4.24%	9.33	35.91%
Nu Holdings Ltd.	BUY	$85.5B	NA	33.94	39.76%
Mizuho Financial Group, Inc.	BUY	$90.3B	178.41%	14	25.49%
Itaú Unibanco Holding S.a.	BUY	$86.4B	39.81%	10.48	32.35%
Icici Bank Ltd.	BUY	$109.9B	121.91%	18.72	27.92%

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

First Merchants Corp investment value today

Current value as on today

₹92,861

Returns

₹7,139

(-7.14%)

Returns from First Merchants Corp Stock

₹13,307 (-13.31%)

Dollar Returns*

₹6,168 (+6.17%)

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 $45.6

First Merchants Corp Share Price Target

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

What analysts predicted

18.14%UPSIDE

Target Price

$45.6

Current Price

$37.33

Analyzed by

11 Analysts

Target

$45.60

First Merchants Corp target price $45.6, a slight upside of 18.14% compared to current price of $37.33. According to 11 analysts rating.

First Merchants Corp Stock’s Investor Sentiment and Interest

Search interest for First Merchants Corp Stock has decreased by -100% in the last 30 days, reflecting a downward trend in search activity.

Time period: November 7, 2025 to December 7, 2025

Change:-100% versus previous 30 day period

First Merchants Corp Quarterly Profit & Loss

All numbers in Millions USD

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Total Revenue	247	256	263	262	267	265	257	252	261	267
Gross Profit	164	159	155	151	135	150	152	156	158	161
Operating Income	71	65	46	54	43	56	76	63	65	65
EBITDA	74	68	49	57	47	60	92	71	72	73
Interest Expense	83	95	106	108	107	109	100	92	96	101
Depreciation	2	2	3	3	3	3	16	7	7	8
Income Before Tax	71	65	46	54	43	56	76	63	65	65
Income Tax Expense	10	9	4	6	4	7	12	7	8	8
Net Income	60	56	42	47	39	49	64	55	56	56
Net Profit Margin	24.57%	21.93%	16.13%	18.26%	14.91%	18.49%	25.00%	21.91%	21.77%	21.21%

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

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Net Income	56	42	47	39	49	64	55	56	56
Operating Cash Flow	58	86	58	63	76	67	61	53	87
Investing Cash Flow	-106	-257	82	-15	-68	-251	-160	-169	-143
Financing Cash Flow	42	158	-153	-42	-29	186	97	111	62
Change in Cash	16	-12	-12	4	-20	2	-1	-4	6

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	10.72%
BlackRock Inc	7.98%
Dimensional Fund Advisors, Inc.	5.9%
Earnest Partners LLC	4.45%
State Street Corp	3.47%

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.

POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 3 quarters, 252.56M → 267.57M (in $), with an average increase of 2.8% per quarter
POSITIVE IMPACT
Price Rise
In the last 7 days, FRME stock has moved up by 1.3%
NO EFFECT
Against Peers
In the last 3 years, Nu Holdings Ltd. has given 68.1% return, outperforming this stock by 78.6%
NO EFFECT
Against Peers
In the last 1 year, Itaú Unibanco Holding S.a. has given 54.7% return, outperforming this stock by 68.0%
NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 56.83M → 56.76M (in $), with an average decrease of 0.1% per quarter

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

Organisation	First Merchants Corp
Headquarters	200 East Jackson Street, Muncie, IN, United States, 47305-2814
Industry	Finance
CEO	Mr. Mark K. Hardwick CPA
E-voting on shares	Click here to vote

Key Management of First Merchants Corp

Name	Title
Mr. Mark K. Hardwick CPA	CEO & Director
Mr. Michael C. Rechin	Advisor & Vice Chair
Ms. Michele M. Kawiecki	Executive VP, CFO & Principal Accounting Officer
Mr. Marcos Nogues C.F.A.	Chief Investment Officer
Mr. Stephan H. Fluhler	Senior VP & Chief Information Officer
Mr. Brian T. Hunt J.D.	Secretary & Legal Counsel
Mr. Michael J. Stewart	President
Mr. John J. Martin	Executive VP & Chief Credit Officer
Mr. Joseph C. Peterson	Executive VP & Chief Commercial Officer
Ms. Nicole M. Weaver	VP & Director of Corporate Administration

FAQs

What is First Merchants Corp share price today?

First Merchants Corp share price today is $37.33 as on December 6, 2025 at 2:29 am IST at the close of the market. First Merchants Corp share today touched a day high of $37.37 and a low of $36.83.

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 $45.62 on February 14, 2025 and a 52 week low of $33.13 on April 7, 2025. First Merchants Corp stock price today i.e. December 6, 2025 at 2:29 am IST is closed at $37.33,which is 18.17% down from its 52 week high and 12.68% 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 December 6, 2025 at 2:29 am IST.

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

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 .
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 0.0402 shares as per First Merchants Corp share price of $37.33 per share as on December 6, 2025 at 2:29 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 ₹89.896 or $1 (as of December 7, 2025 at 3:38 pm IST) using the INDmoney app.
For example: If you want to invest $10 or ₹898.96 in First Merchants Corp stock (as per the Rupee-Dollar exchange rate as on December 7, 2025 at 3:38 pm IST). Based on First Merchants Corp share’s latest price of $37.33 as on December 6, 2025 at 2:29 am IST, you will get 0.2679 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 4.24% share price returns and 22.22% 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?