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FM

First Merchants Corporation (FRME)

NASDAQ • Financial Services

$40.9
+$0.03 (+0.1%)
Market closed

Last close at September 21, 2026 at 20:00 UTC

Open$40.95
Day Range$40.7 - $41.08
Avg. Volume (3M)444.1K
Market Cap$2.5B
P/E Ratio13.1
52 Week Range
$34.66$45.33
Next EarningsIn 36 daysOct 28, 2026

Metrics Over Time

Where the Money Goes

Q2 2026
Revenueeverything earned$298M100%
Gross Profitminus cost of goods$163.1M55%
Operating Incomeminus R&D and overhead$48.4M16%
Net Incomeminus taxes and the rest$43.9M15%

In plain terms: out of every $100 in revenue, First Merchants Corporation keeps $15 as net profit.

Fundamentals & Financials

Revenue (TTM)
$1B
Net Income (TTM)
$185.9M
EPS (TTM)
$3.13
ROA (TTM)
0.87%
Current Ratio
0.24
Dividend Yield
0.87%

TTM is calculated as the sum of the four most recently completed quarters. This is a standard approach when monthly or real-time data is not available.

Earnings

+2.1%Q1 2026$0.98
-52.1%Q2 2026$0.46
-27.5%Q3 2026$0.74
Next

Oct 28

in 36 daysQ4 2026

% — EPS deviation from the forecast (beat / miss); quarters without a forecast show the reported EPS

Latest report — Q3 2026
Miss -27.5%

First Merchants’ adjusted EPS missed consensus in the second fiscal quarter of 2026, with EPS of $0.74 trailing the $1.02 estimate (-27.5%) as results for the period ended June 30, 2026 were reported July 22, 2026. Revenue came in at about $298.0 million, while net interest income was roughly $158.9 million as the quarter’s core banking earnings line. Net income fell 22.6% year over year to about $44.0 million, down from roughly $56.8 million a year ago, alongside adjusted EPS down 24.5% from $0.98. On profitability, operating income was about $48.4 million. The company returned cash to shareholders through about $13.4 million of stock repurchases and roughly $23.7 million of dividends. For the next period, consensus calls for EPS of $1.03.

View full earnings history

About First Merchants Corporation

First Merchants Corporation (NASDAQ: FRME) is a regional banking company that provides community banking solutions through First Merchants Bank. It operates in the U.S. banking sector across Indiana, Illinois, Ohio, and Michigan, and generated $1.1 billion of revenue in FY2025.

Name
First Merchants Corporation
CEO
Mark K. Hardwick
Website
www.firstmerchants.com
Industry
Financial Services
Year Founded
1893
Employees
2,086

Today's Snapshot

AI-generated

FRME closed slightly higher at 40.90, in line with a flat sector.

Trading Volume

Below 10d avg (516.8K)

411K

vs S&P 500 Today

Underperforming Market

-1.54%

Updated: September 21, 2026 at 21:11 UTC

Technical Indicators

1 Buy2 Neutral5 Sell
FRME presents a weak technical setup characterized by negative momentum and a trending bias to the downside despite near-term support from long-term averages. MACD and CCI readings are bearish and momentum is negative, while ADX around the mid-20s indicates a developing downtrend. The security sits below most short- and medium-term moving averages even as it trades around the 200-day level, suggesting mixed timeframe signals. ATR shows modest volatility and on-balance volume is negative, reinforcing distribution. Technical takeaway: Strong Sell driven by bearish momentum and trend alignment.
All signals
  • EMA (5 indicators)$40.35 - $41.90
    Sell
  • RSI (14)40.94
    Neutral
  • Stochastic %K (14, 3, 3)27.69
    Neutral
  • MACD Level (12, 26)-0.40
    Sell

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