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 pe ratio
The price-to-earnings ratio is the share price divided by diluted earnings per share over the trailing twelve months.
First Merchants's pe ratio was 12.6× on Oct 19, 2026, against 9.2× a year earlier. Over the last 5 years it ranged from 6.3× to 14.7×, with a median of 10.7×.
PE Ratio at the end of each year
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| 2026 | Oct 19, 2026 | 12.6× | +3.3 |
| 2025 | Dec 31, 2025 | 9.4× | −3.8 |
| 2024 | Dec 31, 2024 | 13.2× | +4.4 |
| 2023 | Dec 29, 2023 | 8.8× | −2.9 |
| 2022 | Dec 30, 2022 | 11.7× | +0.5 |
| 2021 | Dec 31, 2021 | 11.2× | −2.3 |
| 2020 | Dec 31, 2020 | 13.5× | +0.3 |
| 2019 | Dec 31, 2019 | 13.1× | +1.1 |
| 2018 | Dec 31, 2018 | 12.0× | −7.3 |
| 2017 | Dec 29, 2017 | 19.3× | −1.6 |
| 2016 | Dec 30, 2016 | 20.9× | +6.5 |
| 2015 | Dec 31, 2015 | 14.4× | +0.0 |
| 2014 | Dec 31, 2014 | 14.4× | −1.9 |
| 2013 | Dec 31, 2013 | 16.3× | +5.2 |
| 2012 | Dec 31, 2012 | 11.2× | −31.2 |
| 2011 | Dec 30, 2011 | 42.4× | – |