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NASDAQ · FRMEPFinancialsBanking & Credit

First Merchants Corporation Depository Shares (FRMEP)

$24.75−1.67%
Close Nov 2, 2026 · split-adjusted
Nov 2, 2026$24.75▼ 4.62% in range
Nov 3, 2025Low $24.75 · High $26.79Nov 2, 2026
What changed · written from our data
As of Nov 4, 2026

First Merchants Corporation Depository Shares closed at $24.75 on Nov 2, down 1.67%, within 0.0% of its lowest close since Apr 4. Volume of 619 shares was 0.61× its 20-day average (below normal).

Split-adjusted performance: -2.2% over one month, -4.2% over six months.

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 1.2K shares at the Oct 15 settlement, down 18.0% from the prior report (1.6 days to cover).

Market cap$24.8M1.0M shares
Revenue · quarter$302.0M+12.8% YoY
Diluted EPS$1.09+11.2% YoY
P/E · TTM0.1×P/S 0.0×
Net margin22.5%Gross 65.9%
Dividend yield7.58%$0.4688 last paid
Range since Apr 424.75 – 26.79−7.6% from high
Volume6190.61× 20-day avg
Volatility · 60d14.6%Annualised
Short % of float—1.6 days to cover
Net cash$2.46BCash $3.54B
Next earnings—Not scheduled
Split-adjusted performance
1W −2.4%1M −2.2%3M −1.6%6M −4.2%YTD −3.9%1Y —3Y +1.9%5Y —

Earnings reactions

History →

No reported quarters with price history yet.

Rank within Banking & Credit

Percentile among 432 companies (100 = best)

6-month momentum—
Revenue growth—
Net margin—
Value (low P/E)—
Size—

Industry medians: 6-month return +7.5%, revenue growth +5.2%, net margin 18.2%, P/E 12.5×.

Short interest

Details →
Shares short1.2K−18.0% vs prior
Days to cover1.6Settled Oct 15
% of float—
Short vol. 10d69.5%of daily volume

Closest peers by size in Banking & Credit

CompanyPriceToday6MRev. growthNet marginP/EMkt cap
FRMEPFirst Merchants Corporation Depository Shares$24.75−1.67%−4.2%+12.8%22.5%0.1$24.8M
BLNEBeeline Holdings$0.7188+3.12%−65.9%+57.3%−155.1%—$23.7MCompare
FFRFF EAI Robotics Ecosystem$0.9548+0.96%————$26.4MCompare
MNSBPMainStreet Bancshares, Inc. Depositary Shares$22.64−3.00%−10.1%−6.7%12.5%1.5$22.6MCompare
FGCFG Communities Holdings$5.99+15.19%————$27.5MCompare
ATCHAtlasClear Holdings$0.1425+3.34%−43.8%+136.8%−37.4%11.0$21.6MCompare
TAOXTao Synergies$2.680.00%−58.4%—−15410.8%—$21.6MCompare
VIPVulcan Infrastructure and Power$1.15−2.54%————$21.2MCompare
BCGBinah Capital Group$1.18+10.85%−44.8%+11.8%−0.1%9.1$20.0MCompare

News about First Merchants Corporation Depository Shares

All news →
First Merchants: 3 Key Takeaways for Long-Term InvestorsThe Motley Fool · 6d ago▲ PositiveCompared to Estimates, First Merchants (FRME) Q3 Earnings: A Look at Key MetricsZacks Investment Research · Oct 21, 2026NeutralFirst Merchants (FRME) Q3 Earnings and Revenues Top EstimatesZacks Investment Research · Oct 21, 2026NeutralFirst Merchants (FRME) Reports Next Week: Wall Street Expects Earnings GrowthZacks Investment Research · Oct 14, 2026▼ NegativeFirst Merchants Corporation Announces Pricing of Subordinated Notes OfferingGlobeNewswire Inc. · Sep 23, 2026Neutral

Quick answers

What does First Merchants Corporation Depository Shares 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 FRMEP's market cap?
$24.75M, based on the Nov 2 close of $24.75.
What is FRMEP's P/E ratio?
0.1× trailing-twelve-month earnings of $195.64M.
Does First Merchants Corporation Depository Shares pay a dividend?
Yes. The latest regular dividend was $0.4688 per share (ex-date Oct 30), an annualised yield of 7.58%.
What sector is FRMEP in?
Financials, in the Banking & Credit industry.

About First Merchants Corporation Depository Shares

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 Apr 1, 2022firstmerchants.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