FRME
First Merchants Corporation
NASDAQ: FRME · FINANCIAL SERVICES · BANKS - REGIONAL
$39.91
-0.42% today
Updated 2026-06-05
Market cap
$2.65B
P/E ratio
12.42
P/S ratio
4.16x
EPS (TTM)
$3.39
Dividend yield
3.49%
52W range
$34 – $42
Volume
0.3M
WallStSmart proprietary scores
59
out of 100
Grade: C+
Hold
Investment rating
4.0
Growth
C6.5
Quality
B6.5
Profitability
B6.3
Valuation
B6/9
Piotroski F-Score
Moderate
-0.1
Altman Z-Score
Distress
—
Industry rank
—
View all highly rated stocks (75+) →202 stocks currently score above 75
Price targets
Analyst target
$47.60
+19.27%
12-Month target
$37.94
-4.94%
Intrinsic (DCF)
—
Margin of safety
—
2 Strong Buy2 Buy2 Hold0 Sell0 Strong Sell
Price chart
Stock snapshot
Strengths
+ Profit margin 31.20% — above average
+ Free cash flow $58.59M — positive
Risks
- Altman Z -0.11 — distress zone
- Revenue declining -2.50% QoQ
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $712.95M | $999.49M | $1.05B | $1.05B | $637.81M |
| Net income | $222.09M | $223.79M | $201.40M | $226.00M | $28.16M |
| EPS | — | — | — | — | $3.39 |
| Free cash flow | $268.05M | $258.83M | $266.21M | $283.65M | $58.59M |
| Profit margin | 31.15% | 22.39% | 19.12% | 21.52% | 31.20% |
Peer comparison
Smart narrative
First Merchants Corporation trades at $39.91. representing a P/E of 12.42x trailing earnings. Our Smart Value Score of 59/100 indicates the stock is fair. The company scores 6/9 on the Piotroski F-Score. With an Altman Z-Score of -0.11, it sits in the distress. TTM revenue stands at $637.81M. with profit margins at 31.20%.
Frequently asked questions
What is First Merchants Corporation's stock price?
First Merchants Corporation (FRME) trades at $39.91, on a P/E of 12.4x and a P/S of 4.2x. Those multiples show what the market is paying for each dollar of earnings and sales, which is the real starting point for judging whether the price is reasonable.
Is First Merchants Corporation overvalued?
First Merchants Corporation carries a Smart Value Score of 59/100 (Grade C+), which we rate Hold. That score blends growth, quality, and valuation into one read.
What is the price target of First Merchants Corporation (FRME)?
The 12-month analyst consensus target is $47.60, about 19.3% above the current $39.91. A consensus target is the average of Wall Street's 12-month forecasts, so it works as a sentiment gauge rather than a guarantee, and it resets with every earnings cycle.
What is First Merchants Corporation's revenue?
First Merchants Corporation's trailing twelve-month revenue is $637.81M. Revenue scale anchors the valuation multiples and shows whether growth is reaching the top line, so it is best read alongside margin and growth trends to see if that revenue is getting more profitable over time.
Altman Z-Score?
First Merchants Corporation's Altman Z-Score is -0.11, which places it in the distress. The Altman Z-Score gauges bankruptcy risk from profitability, leverage, and asset efficiency, and a higher reading points to lower financial distress risk.
Company info
SectorFINANCIAL SERVICES
IndustryBANKS - REGIONAL
CountryUSA
ExchangeNASDAQ
CurrencyUSD
Quick metrics
P/S ratio4.16x
ROE7.44%
Beta0.87
50D MA$40.30
200D MA$38.85
Shares out0.06B
Float0.06B
Short ratio—
Avg volume0.3M
Performance
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