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First Merchants Corporation (FRME)

US · Financial Services · Banks - Regional

$39.60+0.30%
Last close · 2026-10-16

Latest quarter · ended 2026-06-30

Revenue
$298.0M
Revenue YoY
+14.2%
Net profit
$44.0M
Profit YoY
-22.6%
EPS
$0.74
EPS estimate
$1.03
Net margin
14.8%

EPS came in at 0.74 against a street estimate of 1.03 — a miss of 28.2%.

Key statistics

Market cap
$2.49B
P/E
12.7
Forward P/E
11.1
P/B
0.94
Book value
$42.95
EPS (TTM)
$3.11
Dividend yield
3.67%
52-week high
$44.93
52-week low
$33.40
50-day MA
$41.08
200-day MA
$40.60
Beta
0.88

Analyst view

Analysts rate First Merchants Corporation a buy (5 buy, 1 hold, 0 sell out of 6) with an average price target of $46.50.

Shareholding

Insiders
2.10%
Institutions
75.53%

Largest institutional holders

FundStake
BlackRock Inc8.48%
Dimensional Fund Advisors, Inc.5.88%
Vanguard Portfolio Management, LLC5.42%
Vanguard Capital Management, LLC4.33%
State Street Corp4.06%
Earnest Partners LLC3.46%
Geode Capital Management, LLC2.66%
Nuveen, LLC1.69%

Recent filings & reports

DocumentDate
Company announcement · Q4 2026
HEADLINE NUMBERS • First Merchants Corporation declared a quarterly cash dividend on its 7.50% Non-Cumulative Perpetual Preferred Stock, Series A. •
2026-10-15
Board / officer change · Q4 2026
HEADLINE NUMBERS • First Merchants Corporation announced that Chief Executive Officer Mark K. Hardwick will retire effective January 1, 2027. • Mich
2026-10-01
Material agreement · Q3 2026
FIRST MERCHANTS CORPORATION – 8-K SUMMARY HEADLINE NUMBERS • Company issued $100 million aggregate principal amount of 6.750% Fixed-to-Floating Rate
2026-09-25
Material agreement · Q3 2026
FIRST MERCHANTS CORPORATION (FRME) – 8-K SUMMARY HEADLINE NUMBERS • Company issuing $100,000,000 in subordinated notes at 6.750% fixed-to-floating r
2026-09-24
Company announcement · Q3 2026
FIRST MERCHANTS CORPORATION (FRME) - FORM 8-K SUMMARY HEADLINE NUMBERS • Cash dividend declared: $0.37 per common share • Dividend payment date: Sep
2026-08-14
Quarterly report · Q2 2026
FIRST MERCHANTS CORPORATION – 10-Q SUMMARY (Q2 2026) HEADLINE NUMBERS • Total Assets: $21.35 billion as of June 30, 2026 (up from $19.03 billion at
2026-07-31
Results announced · Q3 2026
FIRST MERCHANTS CORPORATION Q2 2026 EARNINGS SUMMARY HEADLINE NUMBERS • Net income available to common stockholders: $43.5 million ($0.70 per dilute
2026-07-22
Company announcement · Q3 2026
FIRST MERCHANTS CORPORATION (FRME) - FORM 8-K SUMMARY HEADLINE NUMBERS • Quarterly cash dividend declared on 7.50% Non-Cumulative Perpetual Preferre
2026-07-13

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Corporate actions

ActionDetailDate
Dividend$0.37 / share
ex-date Sep 4, 2026 · pay Sep 18, 2026
2026-09-04
Dividend$0.37 / share
ex-date Jun 5, 2026 · pay Jun 19, 2026
2026-06-05
Dividend$0.36 / share
ex-date Mar 6, 2026 · pay Mar 20, 2026
2026-03-06
Dividend$0.36 / share
ex-date Dec 5, 2025 · pay Dec 19, 2025
2025-12-05

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Data updated 2026-10-18.