First Merchants Corporation

First Merchants Corporation

FRME·NASDAQ

$38.90

-1.6%
Financial ServicesBanks - Regional

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

At a Glance

Live Snapshot
Market Cap$2.45B
EPS3.9000
P/E Ratio9.97
Earnings Date07/22/2026

frme

Net Debt

Last Annual Value

915.78M

3-Year CAGR

-5%

5-Year CAGR

56%

10-Year CAGR

8%

First Merchants Corporation

First Merchants Corporation Competitors Analysis of Net Debt

FRME · NASDAQ
CompanyNet Debt
CAGR 3Y
CAGR 5Y
CAGR 10Y
915.78M
24.0%N/A5.4% 
1.01B
54.1%30.1%3.4%
-305.19M
N/AN/AN/A
409.48M
11.2%77.1%12.5%
NBTB logo
NBT Bancorp Inc.
NASDAQ:NBTB
142.26M
-31.0%N/A-15.2%
189.85M
-25.5%N/A38.4%
309.01M
N/AN/A2.2%
FBNC logo
First Bancorp
NASDAQ:FBNC
-72.19M
N/AN/AN/A
1.64B
N/A20.0%0.4%
448.08M
48.1%N/A-10.1%
300.46M
147.5%N/A-4.2%
First Merchants Corporation

First Merchants Corporation Fair Value Envelope

FRME · NASDAQ

Our analysis suggests that FRME has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $38.9, this represents a potential HIDDEN relative to our calculated worth for First Merchants Corporation.

Intrinsic Value
Current Price: $38.9