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FRME - First Merchants Corporation

Financials

Price History

About

Industry

Banks - Regional

Employees

2,086

Headquarters

United States


Company Overview

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products. It also provides personal and commercial wealth management services, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

Price

$39.58

52-Week Range

$35 $43

Dividend Yield

3.68%

Dividend Score

B

Dividend

Yield 3.68%
Annual $1.44
Payout 42%
5Y Avg 3.48%

Valuation

P/E (TTM) 11.7
Fwd P/E 8.7
P/B 0.93
PEG N/A

Profitability

Profit Margin 31.2%
Op Margin 22.6%
ROE 8.0%
ROA 1.0%

Financial Health

Current Ratio N/A
Quick Ratio N/A
Debt/Equity N/A

Cash Flow

Free CF N/A
Op CF $281M
Total Cash $321M

Performance (12M)

Price Change +1.02%
Total Return +4.70%

Analyst Consensus

None

5 analysts

Target: $48 $45 - $50
+20.3% implied

Annual Return Breakdown

Dividend Growth

Most Recent Annual Growth

2.88%

3-Year Avg Growth

4.60%

5-Year Avg Growth

6.62%

Annual Dividends

Year-over-Year Growth

Recent Dividend History

Ex-Dividend Date Amount
Mar 06, 2026 $0.3600
Dec 05, 2025 $0.3600
Sep 05, 2025 $0.3600
Jun 06, 2025 $0.3600
Mar 07, 2025 $0.3500
Dec 06, 2024 $0.3500
Sep 06, 2024 $0.3500
Jun 07, 2024 $0.3500
Feb 29, 2024 $0.3400
Nov 30, 2023 $0.3400
Aug 31, 2023 $0.3400
Jun 01, 2023 $0.3400
Mar 02, 2023 $0.3200
Dec 01, 2022 $0.3200
Sep 01, 2022 $0.3200
Jun 02, 2022 $0.3200
Mar 03, 2022 $0.2900
Dec 02, 2021 $0.2900
Sep 02, 2021 $0.2900
Jun 03, 2021 $0.2900