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First Merchants Corporation (FRME)

First Merchants Corporation at a glance — key fundamentals, SEC filings, insider buying and selling, and earnings dates.

First Merchants Corporation (FRME) is a Banks - Regional company based in US with a market capitalization of $2.6B. Revenue declined 0.3% year-over-year and the company generated $283.6M in free cash flow. This page tracks FRME's SEC filings, insider buying and selling, earnings dates, and key fundamentals in one place.

US · 2.12K employees · IPO Jun 20, 1989

Valuation

Valuation & price

$39.10 · as of May 17, 2026 · -11.7% vs 52w high

10.0

P/E ratio

Latest-FY diluted EPS

1.04

P/B ratio

Market cap ÷ book equity

—

Dividend yield

Price — last 12 months

$43.68$39.40$35.12Jul 25Dec 25Jul 26Jul 7, 25$40.27Jul 9, 25$41.17Jul 11, 25$40.99Jul 15, 25$40.14Jul 17, 25$40.71Jul 21, 25$40.90Jul 23, 25$41.25Jul 25, 25$39.80Jul 29, 25$39.66Jul 31, 25$38.12Aug 4, 25$37.49Aug 6, 25$37.46Aug 11, 25$37.47Aug 13, 25$39.48Aug 15, 25$38.85Aug 19, 25$39.38Aug 21, 25$39.68Aug 25, 25$41.05Aug 27, 25$41.79Aug 29, 25$41.52Sep 3, 25$41.18Sep 5, 25$41.01Sep 9, 25$40.22Sep 11, 25$40.39Sep 16, 25$39.45Sep 18, 25$40.96Sep 22, 25$39.87Sep 24, 25$39.53Sep 26, 25$38.22Sep 30, 25$37.70Oct 2, 25$37.49Oct 6, 25$38.49Oct 8, 25$37.78Oct 10, 25$36.18Oct 14, 25$37.68Oct 16, 25$35.32Oct 21, 25$36.92Oct 23, 25$36.42Oct 27, 25$36.75Oct 29, 25$35.64Oct 31, 25$35.48Nov 4, 25$35.67Nov 6, 25$35.64Nov 10, 25$36.21Nov 12, 25$35.87Nov 14, 25$36.24Nov 18, 25$35.12Nov 20, 25$35.30Nov 25, 25$37.21Nov 28, 25$36.84Dec 2, 25$36.79Dec 4, 25$37.60Dec 8, 25$37.23Dec 10, 25$38.59Dec 12, 25$38.82Dec 16, 25$38.83Dec 18, 25$38.98Dec 22, 25$38.67Dec 24, 25$38.35Dec 29, 25$38.00Jan 2, 26$37.50Jan 6, 26$38.34Jan 8, 26$38.69Jan 12, 26$37.66Jan 14, 26$37.80Jan 16, 26$38.08Jan 21, 26$39.33Jan 23, 26$38.09Jan 27, 26$38.19Jan 29, 26$38.92Feb 2, 26$40.89Feb 4, 26$41.82Feb 9, 26$42.03Feb 11, 26$42.05Feb 13, 26$42.05Feb 18, 26$42.29Feb 20, 26$42.37Feb 24, 26$40.40Feb 26, 26$41.05Mar 2, 26$39.35Mar 4, 26$38.97Mar 6, 26$37.55Mar 10, 26$37.39Mar 12, 26$36.55Mar 17, 26$36.67Mar 19, 26$36.60Mar 23, 26$37.87Mar 25, 26$38.18Mar 27, 26$37.85Mar 31, 26$38.73Apr 2, 26$39.43Apr 7, 26$40.00Apr 9, 26$41.47Apr 13, 26$41.13Apr 15, 26$40.52Apr 17, 26$41.14Apr 22, 26$40.37Apr 24, 26$39.59Apr 28, 26$40.48Apr 30, 26$40.44May 4, 26$40.02May 6, 26$40.71May 8, 26$40.41May 12, 26$39.93May 14, 26$39.77May 18, 26$39.58May 20, 26$40.11May 22, 26$40.14May 28, 26$40.51Jun 1, 26$39.53Jun 3, 26$38.90Jun 5, 26$39.93Jun 9, 26$40.62Jun 11, 26$41.21Jun 15, 26$41.15Jun 17, 26$40.59Jun 22, 26$41.19Jun 24, 26$42.59Jun 26, 26$43.68Jul 2, 26$43.44
$34.9952-week range$44.29
Loading valuation history…

Fundamentals

Key fundamentals

$2.6B

Market cap

-0.3%

Revenue growth (YoY)

61.0%

Gross margin

$283.6M

Free cash flow (USD)

-$491.3M

Net debt

Net cash position

-1.0%

Share dilution

4/4

Graham criteria passed

Defensive-investor screen

Financial Services

Sector

Trajectory

Long-term trends

Revenue by year

2016 → 2025

FY 2016$318.5MFY 2017$385.9MFY 2018$484.4MFY 2019$552.1MFY 2020$558.4MFY 2021$556.0MFY 2022$712.9MFY 2023$999.5MFY 2024$1.1BFY 2025$1.1B
$318.5M$1.1B

Free cash flow by year

2016 → 2025

FY 2016$103.7MFY 2017$126.5MFY 2018$180.2MFY 2019$178.4MFY 2020$204.8MFY 2021$215.3MFY 2022$284.3MFY 2023$258.8MFY 2024$266.2MFY 2025$283.6M
$103.7M$283.6M

Gross margin by year

2021 → 2025

FY 202193.5%FY 202285.8%FY 202364.8%FY 202456.1%FY 202561.0%
93.5%61.0%

Value screen

Graham defensive-investor tests

Computing the scorecard — refreshing any stale inputs…

0

Insider buys · 90 days

3

Insider sells · 90 days

Earnings

Last report: 10-Q filed May 1, 2026

Next expected: not yet scheduled

On the tape

Recent SEC & insider activity

  • 8-K eventDirector ResignationJul 2, 2026Filing
  • 8-K eventShare RepurchaseJun 24, 2026Filing
  • Insider sellInsider Sell $835KMyers Larry W · Director · $835KJun 15, 2026Filing
  • Insider sellInsider Sell $16Myers Larry W · Director, First Vice President · $16.5May 22, 2026Filing
  • 8-K eventAnnual Meeting ResultsMay 20, 2026Filing
  • 8-K eventDividend DeclaredMay 19, 2026Filing
  • 8-K eventDirector Retirement and AppointmentMay 19, 2026Filing
  • Insider sellInsider Sell $208KMyers Larry W · Director, First Vice President · $207.5KMay 18, 2026Filing
  • Quarterly report10-Q FiledMay 1, 2026Filing
  • 8-K eventEarnings ReleaseApr 22, 2026Filing

Questions

Frequently asked questions

What is First Merchants Corporation's market cap?

First Merchants Corporation (FRME) has a market capitalization of $2.6B.

What is FRME's P/E ratio?

FRME trades at a price-to-earnings ratio of 10.0, based on its latest fiscal-year diluted earnings per share and the most recent cached price.

What is FRME's price-to-book (P/B) ratio?

FRME trades at 1.04 times book value per share.

Are insiders buying FRME stock?

SEC Form 4 filings show no open-market insider buys at First Merchants Corporation in the last 90 days (3 sells).

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Timeline

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News

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Data: SEC EDGAR filings and cached fundamental data; prices and ratios use the most recent cached quote and statements (may lag by up to a day). Educational and research purposes only. Not investment advice.