Price
No data yet.
Social Signal Score
Analyst Ratings
12 analystsRevenue
$298.00M+266.83%Analyst Estimates
Consensus estimates, not results. Via Financial Modeling Prep.
Company Profile
- CEO
- Mark K. Hardwick
- Sector
- Financial Services
- Industry
- Banks - Regional
- Employees
- 2,086
- Beta
- 0.85
- Country
- US
- Piotroski score
- 5 / 9 (Middling)
- Altman Z-score
- -0.46
Financials
Revenue
$298.00M+266.8%Net Income
$43.98M+108.8%EBITDA
$48.45M+60.0%Free Cash Flow
$88.04M+82.3%EPS (diluted)
$0.70+37.3%Shares Outstanding (diluted)
62.57M+51.5%Operating Expenses
$93.32MCash & Debt
$3.91BReturn of Capital
$37.07MRevenue by Segment (annual)
$94.47MDividend per Share
$0.37Quote
Valuation & Ratios
Returns & Efficiency
Revenue & Net Income (Annual)
| Fiscal Year | Revenue | Net Income | EPS |
|---|---|---|---|
| 2025 | $1.05B | $226.00M | $3.90 |
| 2024 | $1.05B | $201.40M | $3.42 |
| 2023 | $999.49M | $223.79M | $3.74 |
| 2022 | $712.95M | $222.09M | $3.83 |
| 2021 | $555.96M | $205.53M | $3.82 |
| 2020 | $558.43M | $148.60M | $2.75 |
| 2019 | $552.09M | $164.46M | $3.20 |
| 2018 | $484.40M | $159.14M | $3.23 |
| 2017 | $385.90M | $96.07M | $2.13 |
| 2016 | $318.51M | $81.05M | $1.99 |
| 2015 | $281.55M | $65.38M | $1.73 |
| 2014 | $270.69M | $60.16M | $1.66 |
| 2013 | $226.85M | $44.53M | $1.42 |
| 2012 | $240.25M | $45.12M | $1.42 |
Valuation
Project earnings forward and see what return today's price implies.
Seeded from FRME's reported EPS growth of 8.1% a year over 13 years.
- EPS in 5 years
- $5.78
- Implied price
- $57.79
- Return from $40.15
- 7.6% a year
To earn 15.0% a year on these assumptions you'd need to buy at $28.73 — -28.4% below today's price.
How sensitive is that answer?
Annual return across nearby assumptions. If the result is only attractive in one corner, that is the finding.
| growth \ P/E | 6 | 8 | 10 | 12 | 14 |
|---|---|---|---|---|---|
| -1.9% | -11.9% | -6.7% | -2.4% | 1.2% | 4.4% |
| 3.1% | -7.4% | -1.9% | 2.6% | 6.4% | 9.7% |
| 8.1% | -2.9% | 2.9% | 7.6% | 11.6% | 15.0% |
| 13.1% | 1.6% | 7.6% | 12.5% | 16.7% | 20.4% |
| 18.1% | 6.1% | 12.4% | 17.5% | 21.9% | 25.7% |
This is arithmetic on assumptions you chose, not a forecast or a recommendation. It ignores dividends, buybacks, share issuance and debt, and it assumes a company still earning money in 5 years. Change any input and the answer changes a lot — that sensitivity is the honest result, not a flaw in the model.
Signal Score (90d)
100+25.00%Social Signal Score
Mentions (5)
- Newsglobenewswire.com·5d ago·Neutral
…retire at the end of 2026 and President Mike Stewart to become President and CEO MUNCIE, Ind., Oct. 01, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) today announced that CEO Mark Hardwick will retire at the end of the year after 29 years with the bank. The First Merchants Corporation Board of Directors announced that Mike Stewart, current First Merchants Bank President who has been with the bank for more than 18 years, will become President and CEO at the start of 2027.
View source ↗ - Newsglobenewswire.com·5d ago·Neutral
First Merchants Corporation to Report Third Quarter 2026 Financial Results, Host Conference Call and Webcast MUNCIE, Ind., Sept. 30, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq: FRME) will release its third quarter 2026 financial results on Wednesday, October 21, 2026. The Corporation will host an earnings conference call and webcast at 9:00 a.m. (ET) on Thursday, October 22, 2026.
View source ↗ - Newsglobenewswire.com·12d ago·Negative
First Merchants Corporation Announces Pricing of Subordinated Notes Offering MUNCIE, Ind., Sept. 23, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq: FRME) (the “Company”) today announced the pricing of its offering of $100 million of its 6.750% Fixed-to-Floating Rate Subordinated Notes due 2036 (the “Notes”) in a registered public offering (the “Offering”). The Notes will initially bear interest at 6.750% per annum from and including September 25, 2026 to, but excluding, October 1,…
View source ↗ - Newsbusinesswire.com·18d ago·Neutral
… a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 to Muncie, Indiana-based First Merchants Corporation (“FRME” or “the company”). In addition, KBRA assigns deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+, and short-term deposit and debt ratings of K2 to its main subsidiary, First Merchants Bank (“the bank”). The Outlook for all long-term ratings is Stable. Key.
View source ↗ - Newsglobenewswire.com·52d ago·Negative
First Merchants Corporation Announces Cash Dividend MUNCIE, Ind., Aug. 14, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 14, 2026 of $0.37 per common share. The dividend is payable on September 18, 2026 to common shareholders of record as of September 4, 2026.
View source ↗
Earnings
Wed, Oct 21(in 2 weeks)
Consensus estimate $1.04 per share
Typical surprise +2.9% (median, so one quarter with a near-zero estimate can't distort it)
- Wed, Jul 22$0.74 vs $1.02miss
- Wed, Apr 22$0.46 vs $0.96miss
- Mon, Jan 26$0.98 vs $0.96beat
- Wed, Oct 22$0.99 vs $0.96beat
- Wed, Jul 23$0.98 vs $0.94beat
- Thu, Apr 24$0.94 vs $0.91beat
Estimates and results for FRME via Financial Modeling Prep. Beating consensus says the company cleared the bar analysts set, not that the business grew.
Insider trading
Open-market buys and sells by FRME officers and directors.
- Bought
- —
- Sold
- $1.5m
0 trades
7 trades
- Fluhler Stephansold
- Myers Larry Wsold
- Myers Larry Wsold
- Myers Larry Wsold
- Myers Larry Wsold
- Fluhler Stephansold
- Scurlock Eva D.sold
93 further Form 4 entries are share awards, option exercises or shares withheld for tax. Those are compensation, not trades, so they are excluded above. Buying is the stronger signal: an insider spends their own money for one reason. Selling has many innocent explanations — tax, diversifying, a house — so it says far less than it appears to. Via SEC filings.
Congress trades
No disclosed congressional trades in FRME.
Self-reported filings, amounts as brackets. Via Senate/House disclosures.