FRME
First Merchants Corporation
NASDAQ: FRME · FINANCIAL SERVICES · BANKS - REGIONAL
$40.44
+1.56% today
Updated 2026-04-30
Market cap
$2.53B
P/E ratio
11.94
P/S ratio
3.97x
EPS (TTM)
$3.39
Dividend yield
3.57%
52W range
$34 – $43
Volume
0.4M
WallStSmart proprietary scores
62
out of 100
Grade: C+
Hold
Investment rating
4.0
Growth
C3.8
Quality
D6.5
Profitability
B7.0
Valuation
B+5/9
Piotroski F-Score
Moderate
-0.1
Altman Z-Score
Distress
—
Industry rank
—
View all highly rated stocks (75+) →206 stocks currently score above 75
Price targets
Analyst target
$46.80
+15.73%
12-Month target
$37.94
-6.18%
Intrinsic (DCF)
—
Margin of safety
—
2 Strong Buy2 Buy2 Hold0 Sell0 Strong Sell
Price chart
X-Ray snapshot
Strengths
+ Profit margin 31.20% — above average
+ Free cash flow $80.71M — 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 | $80.71M |
| Profit margin | 31.15% | 22.39% | 19.12% | 21.52% | 31.20% |
Peer comparison
Smart narrative
First Merchants Corporation trades at $40.44. representing a P/E of 11.94x trailing earnings. Our Smart Value Score of 62/100 indicates the stock is good. The company scores 5/9 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 $40.44.
Is First Merchants Corporation overvalued?
Smart Value Score 62/100 (Grade C+, Hold).
What is the price target of First Merchants Corporation (FRME)?
The analyst target price is $46.80, representing +15.7% upside from the current price of $40.44.
What is First Merchants Corporation's revenue?
TTM revenue is $637.81M.
Piotroski F-Score?
5/9 — moderate financial health.
Altman Z-Score?
-0.11 — distress.
Company info
SectorFINANCIAL SERVICES
IndustryBANKS - REGIONAL
CountryUSA
ExchangeNASDAQ
CurrencyUSD
Quick metrics
P/S ratio3.97x
ROE7.95%
Beta0.88
50D MA$39.38
200D MA$38.74
Shares out0.06B
Float0.06B
Short ratio—
Avg volume0.4M
Performance
1 week—
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YTD—
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