First Merchants Corporation (FRME) Stock

First Merchants Corporation (FRME) is a Financials stock trading at $40.72 (as of 2026-06-18), with a market capitalization of $2.54B and a trailing P/E of 11.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

First Merchants Corporation is a financial holding company for First Merchants Bank, offering community banking services including deposit accounts and a range of loans such as consumer, commercial, agricultural, and real estate mortgage lending. It also provides trust, brokerage, private wealth management, and corporate services like letters of credit, operating through banking locations and electronic/mobile delivery channels.

Valuation — source: SEC EDGAR (first-party)

Price	$40.72
Market Cap	$2.54B
P/E Ratio	11.9
EV / EBITDA	9.6
Price / Book	0.95
Dividend Yield	3.4%
DCF Value (model)	$87.71
DCF Upside vs Price	115.4%

Profitability & Growth — source: SEC EDGAR

Revenue (TTM)	$924.79M
Net Margin	24.4%
Return on Equity	7.4%
Revenue Growth (YoY)	11.7%
EPS Growth (YoY)	-51.6%

Valuation vs Sector & Industry

Stock P/E	11.9
Sector P/E (Financials)	14.2
Industry P/E (Banking)	12.4
vs Sector	-16.4%
vs Industry	-3.9%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures

Top Institutional Holder	VANGUARD GROUP INC ($224.28M)
Institutional Holders Tracked	10

Company

Sector	Financials
Industry	Banking
CEO	Mark K. Hardwick
Employees	2,120
Country	US
IPO Date	1989-06-20

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

• Trustmark Corporation (TRMK)
• Banner Corporation (BANR)
• NBT Bancorp Inc. (NBTB)
• First Bancorp (FBNC)
• First Busey Corporation (BUSE)
• Hilltop Holdings Inc. (HTH)
• Enterprise Financial Services Corp (EFSC)
• The Bank of N.T. Butterfield & Son Limited (NTB)

Data as of 2026-06-18.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.