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First Merchants Corporation Stock Price

NasdaqGS:FRME Community·US$2.6b Market Cap
  • 1 Narratives written by author
  • 0 Comments on narratives written by author
  • 7 Fair Values set on narratives written by author
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FRME Share Price Performance

US$40.72
0.50 (1.24%)
​
US$46.83
Fair Value
US$40.72
0.50 (1.24%)
13.1% undervalued intrinsic discount
US$46.83
Fair Value
Price US$40.72
AnalystConsensusTarget US$46.83
Wed, 10 Sep 25
Fair ValueUS$46.83
Share Pricen/a

FRME Community Narratives

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AnalystConsensusTarget
AnalystConsensusTarget's
Fair Value
·
Fair Value US$46.83 13.1% undervalued intrinsic discount

Midwest Business Activity And Digital Upgrades Will Boost Future Potential

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3users have followed this narrative
FRME logo
First Merchants
13.1% undervalued intrinsic discount

Midwest Business Activity And Digital Upgrades Will Boost Future Potential

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AN
AnalystConsensusTarget
AnalystConsensusTarget
Updated 30 Apr 2025
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AnalystConsensusTarget
FRME logo

Midwest Business Activity And Digital Upgrades Will Boost Future Potential

Fair Value: US$46.83 13.1% undervalued intrinsic discount
3 fair values setusers have set this as their fair value
0 commentsusers have commented on this narrative
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Snowflake Analysis

Flawless balance sheet with reasonable growth potential and pays a dividend.

1 Risk
3 Rewards
View Full Analysis

First Merchants Corporation Key Details

US$642.2m

Revenue

US$0

Cost of Revenue

US$642.2m

Gross Profit

US$458.1m

Other Expenses

US$184.1m

Earnings

Last Reported Earnings
Jun 30, 2026
Next Reporting Earnings
n/a
2.93
100.00%
28.67%
61.3%
View Full Analysis

About FRME

Founded
1893
Employees
2086
CEO
Mark Hardwick
WebsiteView website
www.firstmerchants.com

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.

Recent FRME News & Updates

Seeking Alpha • Aug 20

First Merchants: A Mid-Cap Midwest Bank With Earnings Stuck In Neutral

Summary First Merchants Corporation remains a Hold due to stagnant earnings, missed Q2 2026 estimates, and rising asset quality concerns. FRME's acquisition of First Savings Financial Group has yet to deliver its expected earnings accretion, with portfolio yields and tangible book value negatively impacted. Adjusted Q2 2026 ROA (0.88%) and ROE (6.87%) are well below peers, while nonperforming assets have nearly doubled since Q3 2025. Despite a 3.42% yield and ongoing buybacks, FRME's lack of earnings growth and deteriorating credit metrics undermine its valuation case. Read the full article on Seeking Alpha

Recent updates

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