FIRST MERCHANTS CORP

FRMENASDAQ

🏆 #1708 by market capEarnings Oct 28US Equity

$43.16▲ $0.39 (+0.90%)

Live

1h▼ 0.1%

24h▲ 0.9%

7d▼ 0.5%

14d▼ 0.2%

30d▼ 0.4%

1y▲ 11.0%

🏦Market Cap

$2.71B

Small Cap

📈Revenue Growth (YoY)

-0.3%

Declining

📊Gross Margin

58.8%

Healthy

💵FCF Margin

28.9%

Strong

⚖️P/S Ratio

2.5x

Cheap

Otter Score

Weak

Trading Snapshot

Day Range: $42.69 – $43.51
52-Week Range: $34.66 – $45.33
Volume: $3.75B
Avg Volume: $2.55B
Shares Outstanding: 62.8M
Next Earnings: Sep 23, 2026

Fundamentals Snapshot

Annual Revenue: $1.05B
Last Q Revenue: $298M
P/E Ratio: 13.7
P/S Ratio: 2.5x
EPS (TTM): $2.97
Dividend Yield: 3.39%

Why Investors Own FRME

✓High-growth profile — revenue up +51.6% YoY with expanding US Equity exposure.
✓Healthy economics — 79% gross margin and 7% free-cash-flow margin.
✓New products and segments could unlock additional revenue streams.

⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

Financial Trends

Revenue (TTM)

$1.05B▲ +53.9% YoY

Gross Margin (TTM)

78.5%▼ −0.2% YoY

Operating Income (TTM)

$268M▲ +53.9% YoY

Free Cash Flow (TTM)

$72M▲ +53.9% YoY

About FIRST MERCHANTS CORP

First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank. This institution delivers a full spectrum of community banking solutions. It accepts various types of deposits, including term, savings, and checking accounts. The company also extends a wide array of lending products, such as consumer, commercial, agricultural business, and real estate mortgage loans, in addition to public finance options. Beyond standard banking, First Merchants provides personal and corporate trust services, brokerage capabilities, and private wealth management. Its corporate offerings further include letters of credit, repurchase agreements, and other specialized financial services. The company maintains a network of 109 physical banking locations situated across counties in Indiana, Illinois, Ohio, and Michigan. Furthermore, it offers convenient access to its services via electronic and mobile platforms. First Merchants Corporation was established in 1893 and is headquartered in Muncie, Indiana.

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