First Merchants Corporation (FRME)
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Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 43.10 $ — 79% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
AI Rating
–Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available. How the Rating Is Built
Growth Score
4 of 10 Weak growthTen checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 13.8% failed
- More than 10% revenue growth is expected for the coming year 5.4% failed
- Share count grows by less than 3% a year -0.1% passed
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 26.7% failed
- Gross margin at 40% or higher and without meaningful erosion 61.0% failed
- Goodwill from acquisitions does not grow faster than revenue 3.7% passed
- Net debt below twice EBITDA 491 m net cash passed
- Operating cash flow covers the profits of the last three years 158 m passed
- Return on capital at 15% or higher, or up versus two years ago 2.3% failed
- Insiders hold at least 10% or are net buyers 2.0% failed
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Analysts & Price Target
The price target sits 11.4% above the current price.
- Consensus
- Sell
- Analyst Ratings
- 6
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 3.86 | 3.75 – 3.96 | 806 | -0.7% | 6 |
| 12/31/2027 | 4.48 | 4.40 – 4.62 | 847 | 16.0% | 6 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- 1.06 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 1.10 | 54.90 | 257 | -2.30 | 25.00 | 68 | 68 |
| 2025: Q1 | 0.95 | 17.50 | 253 | -3.80 | 21.90 | 62 | 62 |
| 2025: Q2 | 0.98 | 43.70 | 261 | -2.50 | 21.80 | 54 | 54 |
| 2025: Q3 | 0.99 | 17.10 | 268 | 0.60 | 21.20 | 88 | 88 |
| 2025: Q4 | 0.99 | -10.10 | 270 | 4.80 | 21.20 | 81 | 81 |
| 2026: Q1 | 0.46 | -51.40 | 253 | 0.30 | 11.10 | 59 | 59 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 319 | 109 | 81 | 1.98 | 104 | 902 | 7,212 |
| 2017 | 386 | 134 | 96 | 2.12 | 127 | 1,303 | 9,367 |
| 2018 | 484 | 188 | 159 | 3.22 | 180 | 1,408 | 9,885 |
| 2019 | 552 | 194 | 164 | 3.19 | 178 | 1,786 | 12,457 |
| 2020 | 558 | 170 | 149 | 2.74 | 205 | 1,876 | 14,067 |
| 2021 | 556 | 241 | 206 | 3.81 | 207 | 1,913 | 15,453 |
| 2022 | 713 | 256 | 222 | 3.83 | 268 | 2,035 | 17,938 |
| 2023 | 999 | 259 | 224 | 3.76 | 259 | 2,248 | 18,406 |
| 2024 | 1,054 | 232 | 201 | 3.44 | 266 | 2,305 | 18,312 |
| 2025 | 1,050 | 259 | 226 | 3.92 | 284 | 2,467 | 19,025 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
About the Company
First Merchants Corporation ist die Finanzholdinggesellschaft der First Merchants Bank, die Firmen- und Privatkunden-Bankdienstleistungen anbietet. Das Unternehmen bietet eine Reihe von Finanzdienstleistungen, darunter Giro-, Spar- und Einlagenprodukte; Debit- und Kreditkarten; Hypotheken, Refinanzieru…
| Employees | 2,086 |
|---|---|
| Headquarters | Muncie, IN |
| Address | 200 East Jackson Street, 47305-2814 Muncie, United States |
| Phone | 765 747 1500 |
| Website | firstmerchants.com |
| IPO Date | 25. Feb 1992 |
| ISIN | US3208171096 |
| Stock Split | 105:100 on 08/27/2003 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Mark K. Hardwick CPA | CEO & Director | 1971 |
| Michael C. Rechin | Advisor & Vice Chair | 1959 |
| Michael J. Stewart | President | 1966 |
| Michele M. Kawiecki | Executive VP, CFO & Principal Accounting Officer | 1973 |
| John J. Martin | Executive VP & Chief Credit Officer | 1967 |
| Joseph C. Peterson | Executive VP & Chief Commercial Officer | 1976 |
| Marcos Nogues C.F.A. | Chief Investment Officer | – |
| Stephan H. Fluhler | Senior VP & Chief Information Officer | 1969 |
| Nicole M. Weaver | VP & Director of Corporate Administration | – |
| Brian T. Hunt J.D. | Secretary & Legal Counsel | 1960 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.