First Merchants Stock Today
| FRME Stock | USD 39.76 0.84 2.16% |
PerformanceFair
| Odds Of DistressLow
|
First Merchants is trading at 39.76 as of the 31st of January 2026, a 2.16% increase since the beginning of the trading day. The stock's lowest day price was 37.92. First Merchants has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat fair performance during the last 90 days. The performance scores are derived for the period starting the 2nd of November 2025 and ending today, the 31st of January 2026. Click here to learn more.
Business Domain Banks | IPO Date 25th of February 1992 | Category Financial Services | Classification Financials |
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana. First Merchants operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. The company has 56.95 M outstanding shares of which 1.02 M shares are currently shorted by private and institutional investors with about 3.78 trading days to cover. More on First Merchants
Moving together with First Stock
| 0.96 | PEBO | Peoples Bancorp | PairCorr |
| 0.88 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.86 | SAR | Saratoga Investment Corp | PairCorr |
Moving against First Stock
Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores
First Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | Michael Rechin | ||||
| Business Concentration | Regional Banks, Banks - Regional, Financial Services, NASDAQ Composite Total, NASDAQ Composite, Nasdaq Bank, Financials, Banks, Banks—Regional, Financial Services (View all Sectors) | ||||
| Average Analyst Recommendation | |||||
Debt LevelsBy employing borrowed capital, First Merchants can potentially magnify investment returns. Examining the debt-to-assets ratio offers investors perspective on First Merchants' use of financial leverage and reveals what portion of First Merchants' asset base relies on creditor financing.
| |||||
First Merchants (FRME) is traded on NASDAQ Exchange in USA and employs 2,120 people. First Merchants is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.25 B. First Merchants conducts business under Banks sector and is part of Financials industry. The entity has 56.95 M outstanding shares of which 1.02 M shares are currently shorted by private and institutional investors with about 3.78 trading days to cover.
First Merchants currently holds about 299.12 M in cash with 266.21 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.06.
Check First Merchants Probability Of Bankruptcy
Ownership AllocationFirst Merchants holds a total of 56.95 Million outstanding shares. The majority of First Merchants outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in First Merchants to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in First Merchants. Please pay attention to any change in the institutional holdings of First Merchants as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check First Ownership Details
First Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| First Trust Advisors L.p. | 2025-06-30 | 766.3 K | |
| Systematic Financial Management Lp | 2025-06-30 | 760.6 K | |
| Principal Financial Group Inc | 2025-06-30 | 758.1 K | |
| William Blair Investment Management, Llc | 2025-06-30 | 724.7 K | |
| Charles Schwab Investment Management Inc | 2025-06-30 | 693.4 K | |
| Pl Capital Advisors, Llc | 2025-06-30 | 686.3 K | |
| Jpmorgan Chase & Co | 2025-06-30 | 678.2 K | |
| Bank Of New York Mellon Corp | 2025-06-30 | 677.3 K | |
| Northern Trust Corp | 2025-06-30 | 569.9 K | |
| Vanguard Group Inc | 2025-06-30 | 6.2 M | |
| Blackrock Inc | 2025-06-30 | 4.6 M |
First Merchants Historical Income Statement
First Stock Against Markets
First Merchants Corporate Management
| Michael Stewart | Chief Banking Officer and Executive VP | Profile | |
| John Martin | Chief Credit Officer and Executive VP | Profile | |
| Julie Crabtree | Corporate VP | Profile | |
| Marcos CFA | Chief Officer | Profile | |
| Karen Evens | VP Marketing | Profile |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Merchants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For information on how to trade First Stock refer to our How to Trade First Stock guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Will Regional Banks sector continue expanding? Could First diversify its offerings? Factors like these will boost the valuation of First Merchants. Market participants price First higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every First Merchants data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.10) | Dividend Share 1.43 | Earnings Share 3.88 | Revenue Per Share | Quarterly Revenue Growth (0.05) |
First Merchants's market price often diverges from its book value, the accounting figure shown on First's balance sheet. Smart investors calculate First Merchants' intrinsic value—its true economic worth—which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since First Merchants' trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Please note, there is a significant difference between First Merchants' value and its price as these two are different measures arrived at by different means. Investors typically determine if First Merchants is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Merchants' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.