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 shares outstanding
Diluted shares outstanding: the weighted share count used for earnings per share, adjusted for stock splits.
First Merchants's shares outstanding was 62M at Sep 30, 2026. For fiscal 2025 it was 58M, down 1.4% from the year before. Over ten years it grew 4.2% a year on average. The highest annual figure on record is 59M in fiscal 2023.
Annual shares outstanding
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 58M | -1.4% |
| FY2024 | Dec 31, 2024 | 59M | -1.6% |
| FY2023 | Dec 31, 2023 | 59M | +2.7% |
| FY2022 | Dec 31, 2022 | 58M | +7.3% |
| FY2021 | Dec 31, 2021 | 54M | -0.4% |
| FY2020 | Dec 31, 2020 | 54M | +5.2% |
| FY2019 | Dec 31, 2019 | 52M | +4.2% |
| FY2018 | Dec 31, 2018 | 49M | +9.0% |
| FY2017 | Dec 31, 2017 | 45M | +10.7% |
| FY2016 | Dec 31, 2016 | 41M | +7.7% |
| FY2015 | Dec 31, 2015 | 38M | +4.2% |
| FY2014 | Dec 31, 2014 | 37M | +21.8% |
| FY2013 | Dec 31, 2013 | 30M | +4.0% |
| FY2012 | Dec 31, 2012 | 29M | +8.1% |
| FY2011 | Dec 31, 2011 | 27M | +8.3% |
| FY2010 | Dec 31, 2010 | 25M | – |
Quarterly shares outstanding
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 62M | +8.6% |
| Q2 FY2026 | Jun 30, 2026 | 63M | +8.3% |
| Q1 FY2026 | Mar 31, 2026 | 61M | +4.7% |
| Q4 FY2025 | Dec 31, 2025 | 57M | -1.4% |
| Q3 FY2025 | Sep 30, 2025 | 57M | -1.4% |
| Q2 FY2025 | Jun 30, 2025 | 58M | -1.0% |
| Q1 FY2025 | Mar 31, 2025 | 58M | -1.7% |
| Q4 FY2024 | Dec 31, 2024 | 58M | -2.2% |
| Q3 FY2024 | Sep 30, 2024 | 58M | -2.0% |
| Q2 FY2024 | Jun 30, 2024 | 58M | -1.9% |
| Q1 FY2024 | Mar 31, 2024 | 59M | -0.3% |
| Q4 FY2023 | Dec 31, 2023 | 60M | +0.3% |
| Q3 FY2023 | Sep 30, 2023 | 60M | +0.3% |
| Q2 FY2023 | Jun 30, 2023 | 59M | +0.2% |
| Q1 FY2023 | Mar 31, 2023 | 59M | +10.9% |
| Q4 FY2022 | Dec 31, 2022 | 59M | +10.7% |
| Q3 FY2022 | Sep 30, 2022 | 59M | +10.0% |
| Q2 FY2022 | Jun 30, 2022 | 59M | +9.5% |
| Q1 FY2022 | Mar 31, 2022 | 54M | -1.0% |
| Q4 FY2021 | Dec 31, 2021 | 54M | -0.7% |
| Q3 FY2021 | Sep 30, 2021 | 54M | -0.0% |
| Q2 FY2021 | Jun 30, 2021 | 54M | +0.4% |
| Q1 FY2021 | Mar 31, 2021 | 54M | -1.4% |
| Q4 FY2020 | Dec 31, 2020 | 54M | -2.6% |
| Q3 FY2020 | Sep 30, 2020 | 54M | +4.7% |
| Q2 FY2020 | Jun 30, 2020 | 54M | +8.9% |
| Q1 FY2020 | Mar 31, 2020 | 55M | +10.9% |
| Q4 FY2019 | Dec 31, 2019 | 56M | +12.1% |
| Q3 FY2019 | Sep 30, 2019 | 52M | +4.2% |
| Q2 FY2019 | Jun 30, 2019 | 50M | +0.2% |
| Q1 FY2019 | Mar 31, 2019 | 50M | +0.2% |
| Q4 FY2018 | Dec 31, 2018 | 50M | +0.3% |
| Q3 FY2018 | Sep 30, 2018 | 49M | +1.7% |
| Q2 FY2018 | Jun 30, 2018 | 49M | +17.1% |
| Q1 FY2018 | Mar 31, 2018 | 49M | +19.9% |
| Q4 FY2017 | Dec 31, 2017 | 49M | +20.1% |
| Q3 FY2017 | Sep 30, 2017 | 49M | – |
| Q2 FY2017 | Jun 30, 2017 | 42M | – |
| Q1 FY2017 | Mar 31, 2017 | 41M | – |
| Q4 FY2016 | Dec 31, 2016 | 41M | – |