First Merchants Corporation share price logo

First Merchants Corporation

NASDAQ: FRME

Mid Cap

$42.74

-0.06

(-0.14%)

Live

as on

First Merchants Corporation Stock Performance

as on August 8, 2026 at 4:05 am IST

  • Day's Low

    Day's High

    $42.35
    $42.75
    downward going graph

    0.91%

    Downside

    0.02%

    Upside

    downward going graph
  • 52 Week's Low

    52 Week's High

    $34.66
    $45.33
    downward going graph

    18.91%

    Downside

    6.06%

    Upside

    downward going graph

First Merchants Corporation share price movements today

Previous Close
$42.80
Open
$42.39
Volume
97.3K
Day's Low - High
$42.35 - $42.75
52 Week Low - High
$34.66 - $45.33

First Merchants Corporation Historical Returns

1 Month Return
-0.09 %
3 Month Return
+ 5.65 %
1 Year Return
+ 15.46 %
3 Year Return
+ 30.45 %
5 Year Return
+ 0.87 %

First Merchants Corporation Stock Fundamentals & Key Indicators

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

Market Cap

$2.7B

EPS (TTM)

3.8633

Dividend Yield

3.33%

Quarterly Earnings Growth YOY

-0.29%

PE Ratio (TTM)

13.99

Industry PE ratio

15.228051948051949

PEG Ratio

1.395

EBITDA

-

Revenue (TTM)

642.2M

Profit Margin

28.96%

Return On Equity TTM

7.37%

First Merchants Corporation Stock Valuation

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

First Merchants Corporation in the last 5 years

  • Overview

  • Trends

Lowest (6.45x)

June 30, 2023

Today (13.99x)

August 7, 2026

Industry (15.23x)

August 7, 2026

Highest (11.67x)

March 31, 2025

LowHigh

Today’s Price to Earnings Ratio: 13.99x

First Merchants Corporation vs Peer Comparison

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

Company
Analyst View
Market Cap
5 Years Return %PE RatioProfit Margin %Dividend Yield %
BUY$2.7B0.87%13.9928.96%3.3300000000000005%
BUY$130.3B275.09%16.7229.14%1.78%
BUY$101.9B32.84%13.9931.37%2.68%
NA$156.3BNA7.4550.45%9.04%
BUY$107.6B60.25%18.6527.53%0.8200000000000001%

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

The First Merchants Corporation 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 Corporation investment value today

Current value as on today

₹1,25,517

Returns

₹25,517

(+25.52%)

Returns from First Merchants Corporation Stock

₹15,295 (+15.3%)

Dollar Impact

₹10,222 (+10.22%)

Analyst Recommendation on First Merchants Corporation 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 Corporation. Average target price of $48

First Merchants Corporation Share Price Target

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

What analysts predicted

10.96%UPSIDE

Target Price

$48

Current Price

$42.74

Analyzed by

11 Analysts

Target

$48.00

First Merchants Corporation target price $48, a slight upside of 10.96% compared to current price of $42.74. According to 11 analysts rating.

Indian Investors' Interest in First Merchants Corporation Stock

Search interest for First Merchants Corporation Stock has increased by 67% in the last 30 days, reflecting an upward trend in search activity.

Time period: to

Change:67% versus previous 30 day period

First Merchants Corporation 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
48
Interest Expense
108
107
109
100
92
96
101
98
97
101
Depreciation
3
3
3
16
7
7
8
5
8
-
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
18.26%
14.91%
18.49%
25.00%
21.91%
21.77%
21.21%
21.15%
11.12%
14.76%

First Merchants Corporation 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 Corporation Quarterly Cash Flow

All numbers in Millions USD

Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Net Income
39
49
64
55
56
56
57
28
43
Operating Cash Flow
63
76
67
61
53
87
80
58
88
Investing Cash Flow
-15
-68
-251
-160
-169
-143
-300
368
-289
Financing Cash Flow
-42
-29
186
97
111
62
216
-412
190
Change in Cash
4
-20
2
-1
-4
6
-3
13
-98

First Merchants Corporation 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 Corporation

Funds
Holdings
Vanguard Portfolio Management, LLC
5.4%
PL Capital Advisors, LLC
1.09%
Earnest Partners LLC
3.63%
Nuveen, LLC
1.68%
American Century Companies Inc
1.95%

Insights on First Merchants Corporation

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, 253.29M → 297.99M (in $), with an average increase of 15.0% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 28.15M → 43.97M (in $), with an average increase of 36.0% per quarter

  • 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 218.2% return, outperforming this stock by 187.8%

  • 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 74.1% return, outperforming this stock by 58.6%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, FRME stock has moved down by -0.8%

About First Merchants Corporation

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products. It also provides personal and commercial wealth management services, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
OrganisationFirst Merchants Corporation
Headquarters200 East Jackson Street, Muncie, IN, United States, 47305-2814
IndustryBanks - Regional
CEOMr. Mark K. Hardwick CPA
E-voting on sharesClick here to vote

Key Management of First Merchants Corporation

Name

Title

Ms. Michele M. Kawiecki

Executive VP, CFO & Principal Accounting Officer

Mr. Joseph C. Peterson

Executive VP & Chief Commercial Officer

Mr. Stephan H. Fluhler

Senior VP & Chief Information Officer

Mr. Mark K. Hardwick CPA

CEO & Director

Mr. Michael C. Rechin

Advisor & Vice Chair

Mr. Michael J. Stewart

President

Mr. Brian T. Hunt J.D.

Secretary & Legal Counsel

Mr. John J. Martin

Executive VP & Chief Credit Officer

Mr. Marcos Nogues C.F.A.

Chief Investment Officer

Ms. Nicole M. Weaver

VP & Director of Corporate Administration

FAQs

What is First Merchants Corporation share price today?

First Merchants Corporation share price today is $42.74 as on . First Merchants Corporation share today touched a day high of $42.75 and a low of $42.35.

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

First Merchants Corporation share touched a 52 week high of $45.33 on and a 52 week low of $34.66 on . First Merchants Corporation stock price today i.e. is trending at $42.74,which is 5.71% down from its 52 week high and 23.31% up from its 52 week low.

What is First Merchants Corporation's market capitalisation today?

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

How to invest in First Merchants Corporation 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 Corporation on INDmoney app. Click on Buy button. You can invest as low as $1.5 in First Merchants Corporation Shares that will get you 0.0351 shares as per First Merchants Corporation share price of $42.74 per share as on August 7, 2026 at 10:35 pm IST.

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

Indian investors can start investing in First Merchants Corporation (FRME) shares with as little as ₹95.198 or $1 (as of ) using the INDmoney app.
For example: If you want to invest $10 or ₹951.98 in First Merchants Corporation stock (as per the Rupee-Dollar exchange rate as on ). Based on First Merchants Corporation share’s latest price of $42.74 as on August 7, 2026 at 10:35 pm IST, you will get 0.2340 shares of First Merchants Corporation. Learn more about fractional shares .

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

First Merchants Corporation stock has given 0.87% share price returns and 28.05% 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?