FRME
First Merchants Corporation Depository Shares
NASDAQ: FRMEP · FINANCIAL SERVICES · BANKS - REGIONAL
$25.70
+0.00% today
Updated 2026-05-05
Market cap
$2.42B
P/E ratio
6.75
P/S ratio
—
EPS (TTM)
$3.81
Dividend yield
5.66%
52W range
$23 – $26
Volume
0.0M
WallStSmart proprietary scores
39
out of 100
Grade: D
Sell
Investment rating
4.0
Growth
C4.5
Quality
C6.5
Profitability
B6.7
Valuation
B5/9
Piotroski F-Score
Moderate
-0.1
Altman Z-Score
Distress
—
Industry rank
—
View all highly rated stocks (75+) →197 stocks currently score above 75
Price targets
Analyst target
$—
—
12-Month target
$22.81
-11.25%
Intrinsic (DCF)
—
Margin of safety
—
Price chart
Stock snapshot
Strengths
+ Profit margin 31.20% — above average
+ Free cash flow $58.59M — positive
+ Debt/equity 0.41x — low leverage
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 | — | — | — | — | $3.81 |
| 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 Depository Shares trades at $25.70. representing a P/E of 6.75x trailing earnings. Our Smart Value Score of 39/100 indicates the stock is weak. 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 Depository Shares's stock price?
First Merchants Corporation Depository Shares (FRMEP) trades at $25.70.
Is First Merchants Corporation Depository Shares overvalued?
Smart Value Score 39/100 (Grade D, Sell).
What is the price target of First Merchants Corporation Depository Shares (FRMEP)?
The analyst target price is $—, representing NaN% downside from the current price of $25.70.
What is First Merchants Corporation Depository Shares'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 ratio—
ROE7.95%
Beta0.87
50D MA$25.83
200D MA$25.76
Shares out—
Float0.06B
Short ratio—
Avg volume0.0M
Performance
1 week—
1 month—
3 months—
YTD—
1 year—
3 years—
5 years—