NASDAQ · FRMEFinancialsBanking & Credit

First Merchants Corp (FRME)

$41.89+2.07%
Close Nov 4, 2026 · split-adjusted
Nov 3, 2026$41.04▲ 14.80% in range
Nov 3, 2025Low $34.99 · High $45.23Nov 3, 2026
What changed · written from our data
As of Nov 4, 2026

First Merchants closed at $41.89 on Nov 4, up 2.07%, 7.4% below its 52-week closing high. Volume of 516.5K shares was 1.20× its 20-day average (close to normal).

Split-adjusted performance: +5.6% over one month, +2.9% over six months, +17.2% over one year.

In the quarter ended Sep 30, 2026, revenue was $301.95M, up 12.8% from a year earlier, with a net margin of 22.5%.

Short interest was 2.3M shares at the Oct 15 settlement, down 4.8% from the prior report (3.7% of float, 4.8 days to cover).

Market cap$2.63B62.7M shares
Revenue · quarter$302.0M+12.8% YoY
Diluted EPS$1.09+11.2% YoY
P/E · TTM13.4×P/S 2.3×
Net margin22.5%Gross 65.9%
Dividend yield3.53%$0.37 last paid
52-week range34.99 – 45.23−7.4% from high
Volume516.5K1.20× 20-day avg
Volatility · 60d17.0%Annualised
Short % of float3.7%4.8 days to cover
Net cash$2.46BCash $3.54B
Next earnings—Not scheduled
Split-adjusted performance
1W +3.0%1M +5.6%3M −2.1%6M +2.9%YTD +11.8%1Y +17.2%3Y +53.2%5Y +1.8%

Earnings reactions

History →

No reported quarters with price history yet.

Rank within Banking & Credit

Percentile among 435 companies (100 = best)

6-month momentum38
Revenue growth69
Net margin71
Value (low P/E)37
Size73

Industry medians: 6-month return +7.4%, revenue growth +5.2%, net margin 18.2%, P/E 12.5×.

Short interest

Details →
Shares short2.3M−4.8% vs prior
Days to cover4.8Settled Oct 15
% of float3.7%
Short vol. 10d46.7%of daily volume

Closest peers by size in Banking & Credit

CompanyPriceToday6MRev. growthNet marginP/EMkt cap
FRMEFirst Merchants$41.89+2.07%+2.9%+12.8%22.5%13.4$2.63B
BBTBeacon Financial$31.34+1.59%+8.6%—20.2%16.4$2.63BCompare
BANRBanner$71.91+1.65%+8.6%+1.3%22.1%12.6$2.63BCompare
TRMKTrustmark$45.63+1.38%+1.6%+1.0%22.7%11.3$2.64BCompare
EEFTEuronet Worldwide$70.65+6.66%+1.4%+3.2%7.0%9.2$2.64BCompare
MARAMARA Holdings$6.87−4.05%−47.3%−26.7%−348.6%—$2.65BCompare
CIFRCipher Digital$6.50−19.95%−70.3%−62.8%118.4%—$2.70BCompare
SYBTStock Yards Bancorp$81.53+1.80%+12.7%+11.3%25.8%16.9$2.53BCompare
IONDIonic Digital$60.55−10.90%————$2.72BCompare

Quick answers

What does First Merchants do?
First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance.
What is FRME's market cap?
$2.63B, based on the Nov 4 close of $41.89.
What is FRME's P/E ratio?
13.4× trailing-twelve-month earnings of $195.64M.
Does First Merchants pay a dividend?
Yes. The latest regular dividend was $0.37 per share (ex-date Sep 4), an annualised yield of 3.53%.
How much of FRME is sold short?
2.3M shares, 3.7% of float, as of Oct 15, 2026.
What sector is FRME in?
Financials, in the Banking & Credit industry.

About First Merchants

First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment, which is community banking.

HQ: Muncie, IN2,086 employeesListed Jun 20, 1989firstmerchants.com

Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology