
First Merchants Corporation
FRMENASDAQFinancial ServicesBanks - Regional
Previous close
$42.03
+$0.09 · +0.21%
FRME company overview
Regular session · ET · Market data may be delayed.
GoAI snapshot
AI-powered factor overview
GoAI score
Buy
Favorable setup — positive multi-factor alignment
Valuation
77
Undervalued
Momentum
59
Neutral
Sentiment
61
Bullish
Risk resilience
78
Moderate Risk
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Company profile
Company websiteFirst 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.
- Industry
- Banks - Regional
- Sector
- Financial Services
- Headquarters
- US
- CEO
- Mark K. Hardwick
- Listed since
- Jun 20, 1989
- Employees
- 2,086
Market position
Day range
Current $42.03
52-week range
Current $42.03
- Open
- $42.38
- Previous close
- $41.94
- Volume
- 337.33K
- 0.85× average
- Average volume
- 395.9K
- Average daily volume
- Market cap
- 2.64B USD
- Beta
- 0.86
- Market reference 1
- 50-day average
- $42.9174
- -2.07% below average
- 200-day average
- $39.9329
- +5.25% above average
Financials
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
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 Aug 24, 2026.
FRME peers
ETFs holding FRME
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Morningstar Total Stock Market ETFVTI82.76M0.00%2.3T USD0.03%$378.24+0.44%
iShares Russell 2000 ETFIWM69.11M0.09%81.62B USD0.19%$299.96+0.77%
Vanguard Morningstar Small-Cap ETFVB59.39M0.03%183.4B USD0.03%$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETFVBR37.71M0.05%68.3B USD0.05%$249.18+0.68%
Vanguard Extended Market ETFVXF30.69M0.03%93.7B USD0.05%$245.53+0.82%
iShares Russell 2000 Value ETFIWN25.58M0.18%14.66B USD0.24%$224.81+0.45%
First Trust SMID Cap Rising Dividend Achievers ETFSDVY22.67M0.20%11.64B USD0.58%$43.87+0.46%
State Street SPDR S&P Regional Banking ETFKRE21.02M0.52%4.06B USD0.35%$74.86+0.20%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 82.76M
- Weight
- 0.00%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $378.24+0.44%
iShares Russell 2000 ETFIWM- Market value
- 69.11M
- Weight
- 0.09%
- AUM
- 81.62B USD
- Expense ratio
- 0.19%
- Price / 1D
- $299.96+0.77%
Vanguard Morningstar Small-Cap ETFVB- Market value
- 59.39M
- Weight
- 0.03%
- AUM
- 183.4B USD
- Expense ratio
- 0.03%
- Price / 1D
- $304.76+0.64%
Vanguard Morningstar Small-Cap Value ETFVBR- Market value
- 37.71M
- Weight
- 0.05%
- AUM
- 68.3B USD
- Expense ratio
- 0.05%
- Price / 1D
- $249.18+0.68%
Vanguard Extended Market ETFVXF- Market value
- 30.69M
- Weight
- 0.03%
- AUM
- 93.7B USD
- Expense ratio
- 0.05%
- Price / 1D
- $245.53+0.82%
iShares Russell 2000 Value ETFIWN- Market value
- 25.58M
- Weight
- 0.18%
- AUM
- 14.66B USD
- Expense ratio
- 0.24%
- Price / 1D
- $224.81+0.45%
First Trust SMID Cap Rising Dividend Achievers ETFSDVY- Market value
- 22.67M
- Weight
- 0.20%
- AUM
- 11.64B USD
- Expense ratio
- 0.58%
- Price / 1D
- $43.87+0.46%
State Street SPDR S&P Regional Banking ETFKRE- Market value
- 21.02M
- Weight
- 0.52%
- AUM
- 4.06B USD
- Expense ratio
- 0.35%
- Price / 1D
- $74.86+0.20%
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