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

First Merchants Corporation Stock Performance

as on April 30, 2026 at 6:59 am IST

Day's Low
Day's High
$39.65
Day's Price Range
$40.27
$39.78
0.33%
Downside
1.23%
Upside
52 Week's Low
52 Week's High
$34.66
52-Week Price Range
$43.22
$39.78
12.87%
Downside
8.65%
Upside

First Merchants Corporation share price movements today

Previous Close: $40.48
Open: $40.27
Volume: 352.3K
Day's Low - High: $39.65 - $40.27
52 Week Low - High: $34.66 - $43.22

First Merchants Corporation Historical Returns

1 Month Return: + 4.38 %
3 Month Return: + 0.15 %
1 Year Return: + 11.73 %
3 Year Return: + 36.46 %
5 Year Return: -13.83 %

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

$2.5B

EPS (TTM)

4.2367

Dividend Yield

0.00%

Quarterly Earnings Growth YOY

-0.52%

PE Ratio (TTM)

11.75

Industry PE ratio

10.901527777777778

PEG Ratio

1.395

EBITDA

Revenue (TTM)

637.8M

Profit Margin

31.17%

Return On Equity TTM

7.95%

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 (6.51x)

June 30, 2023

Industry (10.90x)

April 30, 2026

Today (11.75x)

April 30, 2026

Highest (13.26x)

June 30, 2021

LowHigh

Today’s Price to Earnings Ratio: 11.75x

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 Ratio	Profit Margin %
First Merchants Corporation	BUY	$2.5B	-13.83%	11.75	31.17%
Mizuho Financial Group Inc.	BUY	$103.0B	189.35%	15.94	26.13%
Itau Unibanco Banco Holding SA	BUY	$97.5B	93.29%	11.06	32.28%
PNC Financial Services Group Inc	BUY	$88.2B	16.99%	12.71	31.31%
ICICI Bank Limited	BUY	$96.4B	62.94%	16.92	24.93%

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

First Merchants Corporation investment value today

Current value as on today

₹1,24,285

Returns

₹24,285

(+24.29%)

Returns from First Merchants Corporation Stock

₹11,616 (+11.62%)

Dollar Impact

₹12,669 (+12.67%)

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 $47.6

First Merchants Corporation Share Price Target

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

What analysts predicted

16.43%UPSIDE

Target Price

$47.6

Current Price

$39.78

Analyzed by

11 Analysts

Target

$47.60

First Merchants Corporation target price $47.6, a slight upside of 16.43% compared to current price of $39.78. According to 11 analysts rating.

First Merchants Corporation Stock’s Investor Sentiment and Interest

Search interest for First Merchants Corporation Stock has decreased by -13% in the last 30 days, reflecting a downward trend in search activity.

Time period: March 31, 2026 to April 30, 2026

Change:-13% versus previous 30 day period

First Merchants Corporation Quarterly Profit & Loss

All numbers in Millions USD

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Total Revenue	263	262	267	265	257	252	261	267	269	253
Gross Profit	155	151	135	150	152	156	158	161	164	151
Operating Income	46	54	43	56	76	63	65	65	65	27
EBITDA	49	57	47	60	92	71	72	73	71	27
Interest Expense	106	108	107	109	100	92	96	101	98	97
Depreciation	3	3	3	3	16	7	7	8	5	-
Income Before Tax	46	54	43	56	76	63	65	65	65	27
Income Tax Expense	4	6	4	7	12	7	8	8	8	-1
Net Income	42	47	39	49	64	55	56	56	57	28
Net Profit Margin	16.13%	18.26%	14.91%	18.49%	25.00%	21.91%	21.77%	21.21%	21.15%	11.12%

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

	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 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
Systematic Financial Management LP	1.25%
Geode Capital Management, LLC	2.26%
Geode Capital Management, LLC	2.29%
Capital Research & Mgmt Co - Division 3	2.12%
FJ Capital Management LLC	1.01%

See all

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.

POSITIVE IMPACT
Price Rise
In the last 7 days, FRME stock has moved up by 2.0%
NO EFFECT
Against Peers
In the last 3 years, Mizuho Financial Group, Inc. has given 190.4% return, outperforming this stock by 151.7%
NO EFFECT
Against Peers
In the last 1 year, Mizuho Financial Group, Inc. has given 67.3% return, outperforming this stock by 53.7%
NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 57.06M → 28.15M (in $), with an average decrease of 50.7% per quarter
NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 269.77M → 253.29M (in $), with an average decrease of 6.1% per quarter

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.

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

Key Management of First Merchants Corporation

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

FAQs

What is First Merchants Corporation share price today?

First Merchants Corporation share price today is $39.78 as on April 30, 2026 at 1:29 am IST at the close of the market. First Merchants Corporation share today touched a day high of $40.27 and a low of $39.65.

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 $43.22 on February 18, 2026 and a 52 week low of $34.66 on November 18, 2025. First Merchants Corporation stock price today i.e. April 30, 2026 at 1:29 am IST is closed at $39.78,which is 7.96% down from its 52 week high and 14.77% 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 April 30, 2026 at 1:29 am IST.

How to invest in First Merchants Corporation 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 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 0.0377 shares as per First Merchants Corporation share price of $39.78 per share as on April 30, 2026 at 1:29 am 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 ₹94.82 or $1 (as of April 30, 2026 at 2:45 pm IST) using the INDmoney app.
For example: If you want to invest $10 or ₹948.20 in First Merchants Corporation stock (as per the Rupee-Dollar exchange rate as on April 30, 2026 at 2:45 pm IST). Based on First Merchants Corporation share’s latest price of $39.78 as on April 30, 2026 at 1:29 am IST, you will get 0.2514 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 -13.83% share price returns and 27.12% 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?