First Merchants Corporation (FRME): Price and Financial Metrics

First Merchants Corporation (FRME): $27.38

0.25 (-0.90%)

POWR Rating

Component Grades








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Industry: Midwest Regional Banks




#9 of 45

in industry

FRME Price/Volume Stats

Current price $27.38 52-week high $45.04
Prev. close $27.63 52-week low $24.52
Day low $27.27 Volume 175,900
Day high $27.69 Avg. volume 219,520
50-day MA $30.40 Dividend yield 4.89%
200-day MA $33.48 Market Cap 1.64B

FRME Stock Price Chart Interactive Chart >


  • FRME scores best on the Sentiment dimension, with a Sentiment rank ahead of 87.62% of US stocks.
  • FRME's strongest trending metric is Growth; it's been moving down over the last 179 days.
  • FRME's current lowest rank is in the Quality metric (where it is better than 35.9% of US stocks).

FRME Stock Summary

  • FRME's went public 31.59 years ago, making it older than 82.83% of listed US stocks we're tracking.
  • FRME's current price/earnings ratio is 6.52, which is higher than only 13.14% of US stocks with positive earnings.
  • Equity multiplier, or assets relative to shareholders' equity, comes in at 8.75 for FIRST MERCHANTS CORP; that's greater than it is for 87% of US stocks.
  • Stocks that are quantitatively similar to FRME, based on their financial statements, market capitalization, and price volatility, are BCML, QCRH, HAFC, CZWI, and CATC.
  • Visit FRME's SEC page to see the company's official filings. To visit the company's web site, go to

FRME Valuation Summary

  • FRME's EV/EBIT ratio is 8; this is 29.2% lower than that of the median Financial Services stock.
  • Over the past 243 months, FRME's price/sales ratio has gone down 1.2.

Below are key valuation metrics over time for FRME.

Stock Date P/S P/B P/E EV/EBIT
FRME 2023-09-15 2.6 0.8 6.7 8.0
FRME 2023-09-14 2.6 0.8 6.8 8.1
FRME 2023-09-13 2.5 0.8 6.7 7.9
FRME 2023-09-12 2.6 0.8 6.7 8.0
FRME 2023-09-11 2.5 0.8 6.7 8.0
FRME 2023-09-08 2.6 0.8 6.7 8.0

FRME Growth Metrics

    Its year over year net cashflow from operations growth rate is now at 10.03%.
  • The 2 year revenue growth rate now stands at 18.45%.
  • Its year over year revenue growth rate is now at 15.35%.
Over the past 67 months, FRME's revenue has gone up $275,666,000.

The table below shows FRME's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2022-09-30 565.403 190.539 198.124
2022-06-30 528.696 207.329 187.611
2022-03-31 523.661 204.793 204.648
2021-12-31 520.003 207.382 205.531
2021-09-30 518.195 221.111 202.933
2021-06-30 491.519 185.22 186.373

FRME's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • FRME has a Quality Grade of C, ranking ahead of 32.77% of graded US stocks.
  • FRME's asset turnover comes in at 0.034 -- ranking 308th of 430 Banking stocks.
  • HTLF, EWBC, and FNB are the stocks whose asset turnover ratios are most correlated with FRME.

The table below shows FRME's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-06-30 0.034 1 0.016
2021-03-31 0.032 1 0.014
2020-12-31 0.032 1 0.013
2020-09-30 0.033 1 0.013
2020-06-30 0.034 1 0.014
2020-03-31 0.037 1 0.016

FRME Price Target

For more insight on analysts targets of FRME, see our FRME price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $48.33 Average Broker Recommendation 1.42 (Moderate Buy)

First Merchants Corporation (FRME) Company Bio

First Merchants Corporation provides community banking services in Indiana, Illinois, and Ohio counties. The company was founded in 1893 and is headquartered in Muncie, Indiana.

FRME Latest News Stream

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Latest FRME News From Around the Web

Below are the latest news stories about FIRST MERCHANTS CORP that investors may wish to consider to help them evaluate FRME as an investment opportunity.

Earnings are growing at First Merchants (NASDAQ:FRME) but shareholders still don't like its prospects

In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...

Yahoo | September 22, 2023

First Merchants Corporation (NASDAQ:FRME) Looks Interesting, And It's About To Pay A Dividend

Readers hoping to buy First Merchants Corporation ( NASDAQ:FRME ) for its dividend will need to make their move...

Yahoo | August 26, 2023

First Merchants Corporation Announces Cash Dividend

MUNCIE, Ind., Aug. 09, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 9, 2023 of $0.34 per share. The dividend is payable on September 15, 2023, to shareholders of record as of September 1, 2023. For purposes of broker trading, the ex-date of the cash dividend is August 31, 2023. About First Merchants Corporation: First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter,

Yahoo | August 9, 2023

Q2 2023 First Merchants Corp Earnings Call

Q2 2023 First Merchants Corp Earnings Call

Yahoo | July 26, 2023

Compared to Estimates, First Merchants (FRME) Q2 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for First Merchants (FRME) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Yahoo | July 25, 2023

Read More 'FRME' Stories Here

FRME Price Returns

1-mo -5.90%
3-mo -1.09%
6-mo -16.85%
1-year -28.61%
3-year 35.37%
5-year -30.56%
YTD -31.22%
2022 1.11%
2021 14.99%
2020 -6.93%
2019 24.61%
2018 -16.93%

FRME Dividends

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Continue Researching FRME

Here are a few links from around the web to help you further your research on First Merchants Corp's stock as an investment opportunity:

First Merchants Corp (FRME) Stock Price | Nasdaq
First Merchants Corp (FRME) Stock Quote, History and News - Yahoo Finance
First Merchants Corp (FRME) Stock Price and Basic Information | MarketWatch

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