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 statistics
82 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.
Important dates
- Next earnings
- Q3 FY2026, expected soon
- Last ex-dividend date
- Oct 30, 2026
- Fundamentals through
- Sep 30, 2026
- Share price as of
- Oct 30, 2026
Valuation ratiosIndustry
- P/TBV Ratio
- 1.41
- 1.48
- P/OCF Ratio
- 8.34
- 10.39
Enterprise valuationIndustry
- EV / Sales
- 3.40
- 2.94
Share statisticsIndustry
- Shares Change (YoY)
- 5.07%
- 0.42%
- Shares Change (QoQ)
- 0.01%
- 0.00%
- Float
- 61M
- 17M
- Shares Held by Insiders
- 2.15%
- 5.92%
- Shares Held by Institutions
- 74.3%
- 61.3%
Short sellingIndustry
- Short Interest
- 2M
- –
- Short Interest Change
- 2.09%
- 2.35%
- Days to Cover
- 4.15
- 4.88
Stock price statisticsIndustry
- 52-Week High
- $45.33
- –
- 52-Week Low
- $34.66
- –
- 20-Day Moving Average
- $39.94
- –
- 50-Day Moving Average
- $40.61
- –
- 200-Day Moving Average
- $40.73
- –
- Average True Range (14)
- $0.73
- –
- Price Change (1 Week)
- -0.22%
- -0.25%
- Price Change (1 Month)
- 2.55%
- 2.48%
- Price Change (3 Months)
- -6.97%
- -3.51%
- Price Change (6 Months)
- 0.42%
- 8.56%
- Price Change (YTD)
- 8.30%
- 19.7%
- Price Change (1 Year)
- 13.9%
- 28.3%
- Price Change (3 Years)
- 48.6%
- 81.0%
- Price Change (5 Years)
- -2.38%
- 30.4%
- Price Change (10 Years)
- 44.2%
- 81.4%
- Average Volume (10 Days)
- 414,520
- –
- Average Volume (20 Days)
- 428,701
- –
- Average Volume (90 Days)
- 461,407
- –
- Relative Volume
- 0.89
- 0.87
- Relative Strength Index (14)
- 52.4
- 53.3
- Volatility (1 Year)
- 21.9%
- 24.3%
- Beta (5 Years)
- 0.69
- 0.63
MarginsIndustry
- Pretax Margin
- 30.3%
- 36.7%
Returns on capitalIndustry
- Return on Equity (ROE)
- 7.82%
- 10.6%
- Return on Assets (ROA)
- 0.99%
- 1.12%
GrowthIndustry
- Revenue Growth (YoY)
- 8.47%
- 11.8%
- Net Income Growth (YoY)
- -15.3%
- 23.3%
- EPS Growth (YoY)
- -19.3%
- 22.9%
- Revenue Growth (3Y CAGR)
- 1.81%
- 5.82%
- Revenue Growth (5Y CAGR)
- 6.14%
- 6.17%
- EPS Growth (3Y CAGR)
- 0.61%
- 1.31%
- EPS Growth (5Y CAGR)
- 7.21%
- 8.24%
EfficiencyIndustry
- Asset Turnover
- 0.04
- 0.04
- Revenue Per Employee
- $347.30K
- $356.83K
- Profits Per Employee
- $94.69K
- $107.97K
- Employee Count
- 2,086
- 492
- WACC
- 8.42%
- 8.05%
Income statement (TTM)Industry
- Pretax Income
- $219.85M
- $70.72M
Balance sheetIndustry
- Net Cash (Debt)
- $86.59M
- $162.18M
- Net Cash Per Share
- $1.38
- $8.22
- Equity (Book Value)
- $2.64B
- $560.97M
- Book Value Per Share
- $41.98
- $28.41
- Tangible Book Value
- $1.81B
- $476.95M
Cash flow (TTM)Industry
Dividends and yieldsIndustry
- Earnings Yield
- 7.75%
- 7.92%
- Dividend Yield
- 3.52%
- 2.48%
- Buyback Yield
- 2.38%
- 1.54%
- Shareholder Yield
- 5.90%
- 3.25%
- Dividend Per Share
- $1.43
- $0.93
- Dividend Growth (YoY)
- 2.88%
- 4.26%
- Years of Dividend Growth
- 14
- 2
- Payout Ratio
- 45.6%
- 29.2%
Taxes and interestIndustry
- Income Tax
- $22.34M
- $14.60M
- Effective Tax Rate
- 10.2%
- 21.1%
Scores and fair valueIndustry
- Graham Number
- $55.23
- $45.40
- Graham Upside
- 36.1%
- 17.8%
- Altman Z-Score
- 0.22
- 0.22
- Piotroski F-Score
- 7
- 6
- Lynch Fair Value
- $23.27
- –
- Lynch Upside
- -42.7%
- -1.46%
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Oct 30, 2026. The S&P 500 is measured by the SPY fund.
| Period | FRMEP | S&P 500 | Difference | FRMEP per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +1.8% | -0.9% | +2.7 pts | ||
| 3 months | +1.8% | +2.1% | −0.4 pts | ||
| Year to date | +5.2% | +11.7% | −6.4 pts | ||
| 1 year | +5.8% | +12.4% | −6.6 pts | ||
| 3 years | +29.3% | +88.6% | −59.3 pts | +8.9% | +23.5% |
| 5 years | +31.6% | +75.9% | −44.3 pts | +5.6% | +12.0% |
Short interest
Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 15, 2026.
0M FRMEP shares were sold short on Oct 15, 2026, down 18.0% from the previous report. At recent volumes it would take 1.6 days to buy them back. Over the last 20 sessions, 47.9% of the volume reported to FINRA was short selling.
| Settlement date | Shares short | Change | Avg. daily volume | Days to cover |
|---|---|---|---|---|
| Oct 15, 2026 | 1,161 | -18.0% | 727 | 1.6 |
| Sep 30, 2026 | 1,416 | -0.2% | 324 | 4.4 |
| Sep 15, 2026 | 1,419 | +815.5% | 1,538 | 1.0 |
| Aug 31, 2026 | 155 | +675.0% | 1,075 | 1.0 |
| Aug 14, 2026 | 20 | -99.0% | 789 | 1.0 |
| Jul 31, 2026 | 2,050 | -64.5% | 2,842 | 1.0 |
| Jul 15, 2026 | 5,778 | -13.9% | 154 | 37.5 |
| Jun 30, 2026 | 6,709 | +29069.6% | 1,971 | 3.4 |
| Jun 15, 2026 | 23 | -98.9% | 1,134 | 1.0 |
| May 29, 2026 | 2,016 | +10.9% | 892 | 2.3 |
| May 15, 2026 | 1,818 | +498.0% | 2,571 | 1.0 |
| Apr 30, 2026 | 304 | -71.1% | 812 | 1.0 |
Ratios use trailing-twelve-month results and the latest balance sheet. How we calculate.