FRME

First Merchants Corporation

FRME.US firstmerchants.com + Research + Basket
CIK 0000712534
Employees 2,086
Phone 765 747 1500
Fiscal year end December
IPO Feb 25, 1992
Address 200 East Jackson Street, Muncie, IN, United States, 47305-2814
40.66
-0.27 (-0.66%)
USD · NASDAQ
52-week range
33.40
44.93
Trading at 63% of the 52-week range
Market Cap
2.57B
P/E Ratio
12.71
Forward P/E
11.07
Book Value
41.98
Div. Yield
3.55%
% Institutions
76.09%
% Insiders
2.12%

1 Year

+15.3%

3 Year

+66.6%

10 Year

+95.7%
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.

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People

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Directors & Officers

Name Title Year Born
Mr. Mark K. Hardwick C.P.A. 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

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

Shareholders

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Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 5.32M Jun 30, 2026 8.48% $0.00 8.68%
Dimensional Fund Advisors, Inc. 3.69M Jun 30, 2026 5.88% $0.03 2.61%
Vanguard Portfolio Management, LLC 3.40M Jun 30, 2026 5.42% $0.01 1.30%
Vanguard Capital Management, LLC 2.72M Jun 30, 2026 4.33% $0.00 -0.36%
State Street Corp 2.55M Jun 30, 2026 4.06% $0.00 13.91%
Earnest Partners LLC 2.17M Jun 30, 2026 3.46% $0.34 -3.62%
Geode Capital Management, LLC 1.67M Jun 30, 2026 2.66% $0.00 6.18%
Nuveen, LLC 1.06M Jun 30, 2026 1.69% $0.01 1.49%
Victory Capital Management Inc. 1.04M Jun 30, 2026 1.66% $0.03 4.80%
Systematic Financial Management LP 850.41K Jun 30, 2026 1.35% $0.74 -1.34%
First Trust Advisors L.P. 776.09K Jun 30, 2026 1.24% $0.02 7.01%
Charles Schwab Investment Management Inc 711.91K Jun 30, 2026 1.13% $0.00 -1.04%
FJ Capital Management LLC 711.43K Jun 30, 2026 1.13% $4.03 0.00%
The Goldman Sachs Group Inc 697.06K Jun 30, 2026 1.11% $0.00 -38.70%
Wellington Management Company LLP 696.62K Jun 30, 2026 1.11% $0.01 -30.84%
PL Capital Advisors, LLC 686.33K Jun 30, 2026 1.09% $8.34 0.00%
Northern Trust Corp 683.99K Jun 30, 2026 1.09% $0.00 4.69%
Qube Research & Technologies 648.84K Jun 30, 2026 1.03% $0.03 -0.24%
JPMorgan Chase & Co 639.61K Jun 30, 2026 1.02% $0.00 20.75%
William Blair Investment Management, LLC 622.44K Jun 30, 2026 0.99% $0.08 -21.20%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Vanguard MStar Total Stk Mkt Idx Invest 1.93M 3.07% ▲ 0.66% Sep 30, 2026
2 iShares Russell 2000 ETF 1.67M 2.66% ▲ 1.86% Sep 30, 2026
3 Vanguard Small Cap Index 1.34M 2.14% ▼ 2.41% Sep 30, 2026
4 Harbor Small Cap Value Instl 1.00M 1.60% ▲ 22.46% Sep 30, 2026
5 Vanguard MStar Small Cap Value Index 874.03K 1.39% ▼ 0.09% Sep 30, 2026
6 DFA US Small Cap Value I 841.43K 1.34% ▲ 0.00% Aug 31, 2026
7 Fidelity Small Cap Index 698.30K 1.11% ▲ 0.64% Jul 31, 2026
8 iShares Russell 2000 Value ETF 602.91K 0.96% ▲ 0.15% Sep 30, 2026
9 State Street® SPDR® S&PRgnllBkgETF 534.13K 0.85% ▲ 3.08% Sep 30, 2026
10 CREF Total Global Stock Account R3 429.65K 0.68% ▲ 7.60% Aug 31, 2026

Financial Highlights

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Market Cap: $2.57B
P/E Ratio: $12.71
PEG Ratio: $1.40
Book Value: $41.98
Dividend/Share: $1.46
Dividend Yield: 3.55%
Earnings/Share: $3.22
Profit Margin: 29.21%
Operating Margin: 45.03%
ROA (TTM): 0.99%
ROE (TTM): 7.82%
Revenue (TTM): $676.12M
Revenue/Share (TTM): $11.15
Earnings Growth (YOY): 11.20%
Revenue Growth (YOY): 21.00%

Valuation Metrics

Enterprise Value: $3.41B
Trailing P/E: 12.71
Forward P/E: 11.07

Shares Statistics

Shares Outstanding: 62.80M
Shares Float: 60.97M
% Insiders: 2.12%
% Institutions: 76.09%
Short % Float: 4.39%

Stock Price History

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1 Year Price History

3 Years Price History

10 Years Price History

Max Price History

Financial Charts

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Open balance sheet Open capital intensity Download Financials (Excel)

Revenue, Net Income & Operating Cash Flow (Yearly)

Change % vs Prior Year

Revenue, Net Income & Operating Cash Flow (Quarterly)

Change % vs Prior Quarter

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

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Open full waterfall Open balance sheet
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

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Financial Ratios

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📦 Raw API Data (JSON Explorer)

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