First Merchants Corp (FRMEP) stock
FRMEPNasdaqNational Commercial BanksFiscal year ends December 31Also trades as FRME
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 11/303% below fair value
$25.17+0.00 (0.00%)
Close on Oct 30, 2026Market cap $1.58BP/E 7.8Yield 5.68%
First Merchants enterprise value
Enterprise value is market cap plus debt, minus cash: the value of the whole business to all its investors.
First Merchants's enterprise value was $2.36B on Oct 19, 2026, against $1.95B a year earlier. Over the last 5 years it ranged from $1.44B to $2.63B, with a median of $2.08B.
Enterprise Value at the end of each year
| Period | Period end | Value | Change |
|---|---|---|---|
| 2026 | Oct 19, 2026 | $2.36B | +15.0% |
| 2025 | Dec 31, 2025 | $2.06B | -8.0% |
| 2024 | Dec 31, 2024 | $2.23B | +7.5% |
| 2023 | Dec 29, 2023 | $2.08B | -10.1% |
| 2022 | Dec 30, 2022 | $2.31B | +11.6% |
| 2021 | Dec 31, 2021 | $2.07B | +11.9% |
| 2020 | Dec 31, 2020 | $1.85B | -11.8% |
| 2019 | Dec 31, 2019 | $2.10B | +35.7% |
| 2018 | Dec 31, 2018 | $1.55B | -19.4% |
| 2017 | Dec 29, 2017 | $1.92B | +33.7% |
| 2016 | Dec 30, 2016 | $1.44B | +63.6% |
| 2015 | Dec 31, 2015 | $878.08M | +17.6% |
| 2014 | Dec 31, 2014 | $746.45M | +32.7% |
| 2013 | Dec 31, 2013 | $562.57M | +52.7% |
| 2012 | Dec 31, 2012 | $368.47M | +103.0% |
| 2011 | Dec 30, 2011 | $181.55M | – |