First Merchants Corporation

FRME.US
Financial Services · Banks - Regional
43.42
+0.75 (+1.76%)
USD · NASDAQ

Company Information

Company Name
First Merchants Corporation
Sector
Financial Services
Industry
Banks - Regional
Exchange
NASDAQ
ISIN: US3208171096
CIK: 0000712534
CUSIP: 320817109
Currency: USD
Full Time Employees: 2,086
Phone: 765 747 1500
Fiscal Year End: December
IPO Date: Feb 25, 1992
Description:

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; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products. It also provides personal and commercial wealth management services, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

Address:

200 East Jackson Street, Muncie, IN, United States, 47305-2814

People

Directors & Officers

Name Title Year Born
Mr. Mark K. Hardwick CPA CEO & Director 1971
Mr. Michael C. Rechin Advisor & Vice Chair 1959
Mr. Michael J. Stewart President 1966
Ms. Michele M. Kawiecki Executive VP, CFO & Principal Accounting Officer 1973
Mr. John J. Martin Executive VP & Chief Credit Officer 1967
Mr. Joseph C. Peterson Executive VP & Chief Commercial Officer 1976
Mr. Marcos Nogues C.F.A. Chief Investment Officer NA
Mr. Stephan H. Fluhler Senior VP & Chief Information Officer 1969
Ms. Nicole M. Weaver VP & Director of Corporate Administration NA
Mr. Brian T. Hunt J.D. Secretary & Legal Counsel 1960

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Feb 26, 2026 Larry W Myers N/A Sale 5.00K $41.50 $207.50K
Feb 06, 2026 Eva D Scurlock N/A Sale 3.23K $42.29 $136.47K

Shareholders

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
Vanguard Group Inc 5.98M Dec 31, 2025 9.49% $0.00 -1.56%
BlackRock Inc 4.90M Mar 31, 2026 7.77% $0.00 -0.08%
Dimensional Fund Advisors, Inc. 3.60M Mar 31, 2026 5.71% $0.03 6.58%
Vanguard Portfolio Management, LLC 3.36M Mar 31, 2026 5.33% $0.01 0.00%
Vanguard Capital Management, LLC 2.73M Mar 31, 2026 4.33% $0.00 0.00%
Earnest Partners LLC 2.26M Mar 31, 2026 3.58% $0.36 -2.37%
State Street Corp 2.24M Mar 31, 2026 3.55% $0.00 9.69%
Geode Capital Management, LLC 1.57M Mar 31, 2026 2.50% $0.00 2.22%
The Goldman Sachs Group Inc 1.14M Mar 31, 2026 1.80% $0.01 20.42%
Nuveen, LLC 1.04M Mar 31, 2026 1.66% $0.01 -1.41%
Wellington Management Company LLP 1.01M Mar 31, 2026 1.60% $0.01 913.53%
Victory Capital Management Inc. 995.00K Mar 31, 2026 1.58% $0.02 4.06%
Systematic Financial Management LP 862.00K Mar 31, 2026 1.37% $0.77 10.75%
William Blair Investment Management, LLC 789.88K Mar 31, 2026 1.25% $0.10 3.40%
Bank of New York Mellon Corp 759.67K Mar 31, 2026 1.21% $0.01 -2.12%
First Trust Advisors L.P. 725.26K Mar 31, 2026 1.15% $0.02 1.37%
Charles Schwab Investment Management Inc 719.43K Mar 31, 2026 1.14% $0.00 3.41%
FJ Capital Management LLC 711.43K Mar 31, 2026 1.13% $3.10 0.00%
PL Capital Advisors, LLC 686.33K Mar 31, 2026 1.09% $8.02 0.00%
Northern Trust Corp 653.36K Mar 31, 2026 1.04% $0.00 4.55%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Vanguard Total Stock Mkt Idx Inv 1.91M 3.02% ▼ 0.85% Jun 30, 2026
2 iShares Russell 2000 ETF 1.72M 2.74% ▲ 0.60% Jun 30, 2026
3 Vanguard Small Cap Index 1.37M 2.18% ▼ 0.96% Jun 30, 2026
4 Vanguard Small Cap Value Index Inv 872.23K 1.38% ▼ 2.30% Jun 30, 2026
5 Harbor Small Cap Value Instl 818.76K 1.30% ▼ 3.88% Jun 30, 2026
6 DFA US Small Cap Value I 817.64K 1.30% ▲ 2.07% May 31, 2026
7 Vanguard Institutional Extnd Mkt Idx Tr 707.83K 1.12% ▲ 1.36% Jun 30, 2026
8 Fidelity Small Cap Index 618.44K 0.98% ▲ 0.84% Apr 30, 2026
9 iShares Russell 2000 Value ETF 607.71K 0.96% ▼ 0.69% Jun 30, 2026
10 State Street® SPDR® S&PRgnllBkgETF 571.43K 0.91% ▲ 2.10% Jun 30, 2026

Financial Highlights

Market Cap: $2.74B
P/E Ratio: $13.70
PEG Ratio: $1.40
Book Value: $42.96
Dividend/Share: $1.45
Dividend Yield: 3.40%
Earnings/Share: $3.17
Profit Margin: 28.96%
Operating Margin: 34.27%
ROA (TTM): 0.93%
ROE (TTM): 7.37%
Revenue (TTM): $642.19M
Revenue/Share (TTM): $10.82
Earnings Growth (YOY): -28.20%
Revenue Growth (YOY): 2.80%

Valuation Metrics

Enterprise Value: $3.71B
Trailing P/E: 13.70
Forward P/E: 11.07

Shares Statistics

Shares Outstanding: 63.02M
Shares Float: 61.05M
% Insiders: 202.70%
% Institutions: 7,623.20%
Short % Float: 2.93%

Stock Price History

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Financial Charts

Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

Open full waterfall
Line Item
Step Type
Value
Revenue
adjust
$1.05B
Cost of Goods Sold
adjust
$-410.03M
Gross Profit
subtotal
$640.17M
SG&A
adjust
$-282.10M
Other Operating Expense
adjust
$-98.96M
Operating Income
subtotal
$259.11M
Other / Non-Operating Items
adjust
$-33.11M
Net Income
subtotal
$226.00M

Earnings Per Share (EPS) History

Financial Ratios

📦 Raw API Data (JSON Explorer)

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