First Merchants Corporation
FRMENASDAQFinancialsBanks - Regional
As of Oct 16, 2026 close
- Market cap
- $2.47B
- P/E (TTM)
- 13.35
- Forward P/E
- 15.39
- Dividend yield
- 3.70%
- 52-week range
- $34.66$45.33
- Volume (live)
- -
- Avg. volume (3M)
- 504.51K
First Merchants (FRME) Stock Price & Financial Analysis
First Merchants Stock Price Chart
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Financial Metrics & Key Statistics
Fundamental metrics, valuation ratios, and profitability indicators
| Day's Range | $39.48 - $40.26 |
|---|---|
| 52-Week High | $45.33 |
| 52-Week Low | $34.66 |
| Open | $39.59 |
| Volume (last close) | 429.16K |
| Average Volume (3M) | 504.51K |
| Revenue (TTM) | 653.64M |
|---|---|
| Net Income (TTM) | 185.03M |
| Free Cash Flow (TTM) | 314.90M |
| EPS (TTM) | $3.10 |
| Profit Margin | 28.31% |
| Operating Margin | 31.56% |
| Return on Equity (ROE) | 6.86% |
| Debt to Equity | 0.07 |
| Annual Dividend | $1.46 |
|---|---|
| Dividend Yield | 3.70% |
| Payout Ratio | 47.04% |
| Last Dividend Ex-Date | Sep 4, 2026 |
| Market Cap | 2.47B |
|---|---|
| Shares Outstanding | 62.57M |
| P/E Ratio (TTM) | 13.35 |
| Forward P/E | 15.39 |
| Price to Sales (P/S) | 3.78 |
| Price to Book (P/B) | 0.92 |
| EV/EBITDA | 20.19 |
| 50-Day MA | $41.23 |
|---|---|
| 200-Day MA | $40.58 |
| 1-Year Change | +10.56% |
Source: Market prices and company fundamentals. Data as of Oct 16, 2026. Data sources and methodology
First Merchants at a Glance
As of the Oct 16, 2026 close, First Merchants (FRME) has a market capitalization of $2.47B. The stock trades at 13.3× trailing earnings, 15.4× forward earnings and 3.8× sales. Over the trailing twelve months it earned $185.03M on revenue of $653.64M (a 28.3% profit margin) and generated $314.90M of free cash flow. Revenue grew 7.9% year over year.
As of its latest reported balance sheet, it holds $86.67M in cash and securities against $189.69M of debt, a net debt position of $103.03M.
First Merchants pays a quarterly dividend totaling $1.46 per share a year, a 3.70% yield at the Oct 16, 2026 close, with a 47% payout ratio and 14 consecutive years of dividend increases.
The share price is up 10.6% over the past year. At $39.60 (the Oct 16, 2026 close) it sits within its 52-week range of $34.66 to $45.33, below its 200-day moving average of $40.58.
Based on 1 professional analyst rating from the past 90 days, the consensus is Buy.
Frequently Asked Questions About First Merchants
What is the current stock price for FRME?
As of the Oct 16, 2026 close, FRME stock trades at $39.60. The 52-week range is $34.66–$45.33, with a day range of $39.48–$40.26.
What is the P/E ratio for FRME?
As of the Oct 16, 2026 close, First Merchants's trailing twelve-month (TTM) P/E ratio is 13.3, meaning investors pay $13.3 for every $1 of annual earnings. The forward P/E is 15.4, reflecting analyst expectations for future earnings. First Merchants operates in the Financials sector.
Does FRME pay dividends?
Yes, First Merchants pays a 3.70% annual dividend yield as of the Oct 16, 2026 close ($1.46 per share a year). The trailing twelve-month payout ratio is 47.0%. The most recent ex-dividend date was September 4, 2026.
What do analysts recommend for FRME?
Based on ratings from 1 professional analyst over the last 90 days, the consensus for FRME is Buy.
What is the market cap of FRME?
As of the Oct 16, 2026 close, First Merchants's market capitalization is $2.48B, classifying it as a mid-cap company. First Merchants operates in the Financials sector within the Banks - Regional industry.