
NASDAQFinancial ServicesBanks - Regional
Latest quote
$39.29
−$0.38 · -0.96%
First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank. This institution delivers a full spectrum of community banking solutions. It accepts various types of deposits, including term, savings, and checking accounts. The company also extends a wide array of lending products, such as consumer, commercial, agricultural business, and real estate mortgage loans, in addition to public finance options. Beyond standard banking, First Merchants provides personal and corporate trust services, brokerage capabilities, and private wealth management. Its corporate offerings further include letters of credit, repurchase agreements, and other specialized financial services. The company maintains a network of 109 physical banking locations situated across counties in Indiana, Illinois, Ohio, and Michigan. Furthermore, it offers convenient access to its services via electronic and mobile platforms. First Merchants Corporation was established in 1893 and is headquartered in Muncie, Indiana.
Previous close
$39.29
−$0.38 · -0.96%
Pre-market
$38.858
−$0.432 · -1.10%
Oct 8, 8:11 AM ET
Regular session · ET · Market data may be delayed.
First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank. This institution delivers a full spectrum of community banking solutions. It accepts various types of deposits, including term, savings, and checking accounts. The company also extends a wide array of lending products, such as consumer, commercial, agricultural business, and real estate mortgage loans, in addition to public finance options. Beyond standard banking, First Merchants provides personal and corporate trust services, brokerage capabilities, and private wealth management. Its corporate offerings further include letters of credit, repurchase agreements, and other specialized financial services. The company maintains a network of 109 physical banking locations situated across counties in Indiana, Illinois, Ohio, and Michigan. Furthermore, it offers convenient access to its services via electronic and mobile platforms. First Merchants Corporation was established in 1893 and is headquartered in Muncie, Indiana.
Day range
Current $39.29
52-week range
Current $39.29
Regular session · ET · Market data may be delayed.
GoAI Score
Buy
Valuation
77
Undervalued
Sentiment
61
Bullish
Risk
22
Moderate Risk
Momentum
59
Neutral
Full GoAI research
Thesis, catalysts, evidence, and risk analysis.
First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank. This institution delivers a full spectrum of community banking solutions. It accepts various types of deposits, including term, savings, and checking accounts. The company also extends a wide array of lending products, such as consumer, commercial, agricultural business, and real estate mortgage loans, in addition to public finance options. Beyond standard banking, First Merchants provides personal and corporate trust services, brokerage capabilities, and private wealth management. Its corporate offerings further include letters of credit, repurchase agreements, and other specialized financial services. The company maintains a network of 109 physical banking locations situated across counties in Indiana, Illinois, Ohio, and Michigan. Furthermore, it offers convenient access to its services via electronic and mobile platforms. First Merchants Corporation was established in 1893 and is headquartered in Muncie, Indiana.
Day range
Current $39.29
52-week range
Current $39.29
Profitability as a percentage of reported revenue.
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 1.05B USD | 1.05B USD | 999.49M USD | 712.95M USD | 555.96M USD |
| Cost of goods sold | 410.03M USD | 462.59M USD | 351.99M USD | 101.56M USD | 35.95M USD |
| Gross profit | 640.17M USD | 591.01M USD | 647.5M USD | 611.39M USD | 520M USD |
| Selling, general, and administrative | 282.1M USD | 243.59M USD | 250.85M USD | 224.84M USD | 179M USD |
| Operating expenses | 381.06M USD | 359.28M USD | 388.27M USD | 355.72M USD | 279.21M USD |
| Interest income | 924.79M USD | 948.01M USD | 893.89M USD | 605.01M USD | 446.63M USD |
| Interest expense | 388.78M USD | 426.89M USD | 348.49M USD | 84.8M USD | 35.95M USD |
| Depreciation and amortization | 29.42M USD | 26.85M USD | 11.71M USD | 11.82M USD | 10.7M USD |
| Operating income | 259.11M USD | 231.73M USD | 259.23M USD | 255.67M USD | 240.79M USD |
| Net income | 226M USD | 201.4M USD | 223.79M USD | 222.09M USD | 205.53M USD |
Company facts updated Oct 8, 2026.
Recent quarterly results
Recent quarterly results
Third-party consensus; not a GoAI recommendation.
Average target
$46.00
17.08% upsideCash distributions grouped by calendar year; partial years are marked.
$1.43
2025 complete year+26.5% since 2021
2026 partial: $1.10
$1.13
2,021
$1.25
2,022
$1.34
2,023
$1.39
2,024
$1.43
2,025
$1.10
2,026*
* Partial calendar year in the available dividend history.
| Action | Ex-dividend date | Details | Record date | Payment date |
|---|---|---|---|---|
Dividend | Sep 4, 2026 | $0.37Monthly | Sep 4, 2026 | Sep 18, 2026 |
Dividend | Jun 5, 2026 | $0.37Quarterly | Jun 5, 2026 | Jun 19, 2026 |
Dividend | Mar 6, 2026 | $0.36Quarterly | Mar 6, 2026 | Mar 20, 2026 |
Dividend | Dec 5, 2025 | $0.36Quarterly | Dec 5, 2025 | Dec 19, 2025 |
Dividend | Sep 5, 2025 | $0.36Quarterly | Sep 5, 2025 | Sep 19, 2025 |
Dividend | Jun 6, 2025 | $0.36Quarterly | Jun 6, 2025 | Jun 20, 2025 |
Ex-dividend Sep 4, 2026
$0.37
Monthly
Record Sep 4, 2026 · Payment Sep 18, 2026
Ex-dividend Jun 5, 2026
$0.37
Quarterly
Record Jun 5, 2026 · Payment Jun 19, 2026
Ex-dividend Mar 6, 2026
$0.36
Quarterly
Record Mar 6, 2026 · Payment Mar 20, 2026
Ex-dividend Dec 5, 2025
$0.36
Quarterly
Record Dec 5, 2025 · Payment Dec 19, 2025
Ex-dividend Sep 5, 2025
$0.36
Quarterly
Record Sep 5, 2025 · Payment Sep 19, 2025
Ex-dividend Jun 6, 2025
$0.36
Quarterly
Record Jun 6, 2025 · Payment Jun 20, 2025
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Morningstar Total Stock Market ETFVTI79.35M0.00%2.3T USD0.03%$381.03-0.40%
iShares Russell 2000 ETFIWM66.74M0.08%78.56B USD0.19%$277.7-1.29%
Vanguard Morningstar Small-Cap ETFVB57.09M0.03%185.3B USD0.03%$286.98-1.41%
U.S. Small Cap Value Portfolio ETF Class SharesDFSV47.85M0.18%26.69B USD0.33%$37.79-1.23%
Vanguard Morningstar Small-Cap Value ETFVBR36.28M0.05%68.2B USD0.05%$232.17-1.32%
Dimensional - US Targeted Value ETFDFAT31.72M0.10%30B USD0.33%$67.08-1.29%
Vanguard Extended Market ETFVXF29.66M0.03%95.4B USD0.05%$233.49-1.56%
State Street SPDR S&P Regional Banking ETFKRE20.06M0.57%3.6B USD0.35%$68.89-1.68%
Vanguard Morningstar Total Stock Market ETFVTI
iShares Russell 2000 ETFIWM
Vanguard Morningstar Small-Cap ETFVB
U.S. Small Cap Value Portfolio ETF Class SharesDFSV
Vanguard Morningstar Small-Cap Value ETFVBR
Dimensional - US Targeted Value ETFDFAT
Vanguard Extended Market ETFVXF
State Street SPDR S&P Regional Banking ETFKREAI-generated and delayed market data for informational and educational purposes only. Not investment advice.