FRME

$36.67

Market ClosedAs of Mar 17, 8:00 PM UTC

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services.

Historical Price

Price (Line)
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Peer Comparison

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Whystock Valuation Model

Calculated using a trailing P/E relative model adjusted by sector ROE and historical growth.
Current Price$36.67
Potential Upside
110%
Whystock Fair Value$76.99
Price
UndervaluedFair ValueOvervalued

Fundamentals

SectorFinancial Services
IndustryBanks - Regional

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products...

Market Cap
Total dollar market value of a company's outstanding shares of stock (Price * Shares).
$2.32B
P/E Ratio
Value territory. Trading at a high yield relative to earnings.
9.48
Beta
Defensive asset. Lower volatility than the S&P 500.
0.91
Div Yield
Strong income play. Yield provides a meaningful total return floor.
392.00%
ROIC
Average efficiency. Growth may require heavy reinvestment.
9.47%
Quick Ratio
Tight liquidity. Monitor cash flow carefully against debt.
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Recent News

StockStory
Mar 6, 2026

Truist Financial, First Merchants, East West Bank, Columbia Banking System, and BankUnited Stocks Trade Down, What You Need To Know

A number of stocks fell in the afternoon session after investors grew increasingly concerned about the sector's exposure to the opaque private credit market.

BULLISH
Positive press. Headlines skewed toward growth and analyst upgrades.
StockStory
Mar 6, 2026

3 Small-Cap Stocks We Approach with Caution

Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on. But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.

BEARISH
Negative press. News cycle fixated on risk factors or misses.
Simply Wall St.
Mar 3, 2026

Assessing First Merchants (FRME) Valuation After Recent Share Price Momentum And Undervaluation Signals

Recent share performance and business snapshot First Merchants (FRME) has drawn investor attention after a mixed run in recent months, with a modest gain in the past 3 months contrasting with a weaker 1 year total return. The regional bank, headquartered in Muncie, Indiana, reports revenue of US$641.697m and net income of US$224.126m. This reflects its role as a diversified provider of commercial, consumer, and wealth management services across Indiana, Ohio, and Michigan. See our latest...

BULLISH
Positive press. Headlines skewed toward growth and analyst upgrades.
Zacks
Mar 2, 2026

Why First Merchants (FRME) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes? Let's find out.

BULLISH
Positive press. Headlines skewed toward growth and analyst upgrades.
StockStory
Feb 28, 2026

KeyCorp, First Merchants, Fifth Third Bancorp, FB Financial, and Cathay General Bancorp Stocks Trade Down, What You Need To Know

A number of stocks fell in the afternoon session after hotter-than-expected inflation data and rising concerns over credit risk rattled investors. January's Producer Price Index (PPI), a measure of wholesale inflation, rose 0.5% against expectations of 0.3%, with the core component jumping 0.8%. This report fuels the narrative of "sticky inflation," suggesting the Federal Reserve may have limited room to cut interest rates.

BULLISH
Positive press. Headlines skewed toward growth and analyst upgrades.