Financial Services
First Merchants Corporation(FRMEP)
Live Price
Offline$25.05
-0.80% today
1Y Change
-0.38%
Window
Jun 25, 2025 โ Jun 16, 2026
- Market Cap
- $2.58B
- Revenue Growth
- -0.3%
- EPS Growth
- +14.0%
- Dividend Yield
- 3.5%
Coverage: 245 bars ยท Jun 25, 2025 โ Jun 16, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
First Merchants Corporation (FRMEP) is a Financial Services stock with a market cap of $2.58B and listed on NASDAQ. The stock last traded around $25.05 and down 0.4% across the available one-year price window (Jun 25, 2025 โ Jun 16, 2026). Baseline metrics include revenue growth of -0.3%, EPS growth of +14.0%, a dividend yield of 3.5%. What stands out right now is revenue -0.3%, EPS +14.0%, free cash flow +6.5% with operating margin 21.2% and ROIC 7.5%. The dividend matters to the case here, with a current yield around 3.5%. Valuation is more restrained than many high-expectation growth names at P/E 12.5 and price/sales 2.5. Overall, the current profile looks closer to a income-oriented value setup than a generic broad-market placeholder. Stock Foundry combines FRMEP price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Financial Services peers on this page.
Sector Context
How this name stacks up against nearby peers on first-pass metrics.
Revenue Growth
Below sector median
-0.3% vs +3.4% peer median
Operating Margin
Above sector median
+21.2% vs +4.7% peer median
What Changed This Quarter
Latest report context and the signals most likely to have changed the story.
Latest report is on the board
2026 was reported on Apr 28, 2026, but the surprise data is still limited.
The operating picture looks softer than before
Revenue is at -0.3% and EPS is at +14.0%, with operating margin around 21.2%.
Shareholder return is still part of the story
The stock is still offering a dividend yield around 3.5%, which matters if the thesis depends on income as much as growth.
Earnings Reaction Memory
How the stock has tended to move after recent reports.
Across the last 3 reported quarters, the stock averaged +0.5% over the next 5 trading days and finished higher after 2 of those reports.
View quarter-by-quarter reaction table
| Quarter | EPS ฮ | 1D | 5D | 20D |
|---|---|---|---|---|
2026 Apr 28, 2026 | โ | +0.3% | +0.0% | -2.3% |
2026 Jan 26, 2026 | +4.0% | +1.5% | -0.2% | -0.4% |
2025 Oct 22, 2025 | +2.7% | -0.2% | +1.5% | +1.5% |
Benchmark Edge
FRMEP vs SPY, QQQ, and Sector ETFs
Normalized return, excess return, max drawdown, and calendar-year wins against the benchmarks investors actually use.
FRMEP
โ
Normalized return
SPY
--
S&P 500
Excess Return
--
Relative to SPY
FRMEP Max Drawdown
-6.49%
Trailing 1Y
SPY Max Drawdown
โ
Trailing 1Y
Calendar-Year Returns
Uses the longest available daily history for FRMEP and SPY.
Company Overview
First Merchants Corporation
NASDAQ Global Select
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
- Leadership
- Mark K. Hardwick
- IPO Date
- Aug 18, 2020
- Employees
- 2.1k
- Street Address
- 200 East Jackson Street
- Mailing
- Muncie, IN, 47305-2814
- Region
- Muncie, IN, US
- Reporting Currency
- USD
- Investor Line
- 765 747 1500
- Last Updated
- Apr 29, 2026
Key Fundamentals
Valuation, growth, profitability, and balance sheet signals.
Valuation
- P/E
- 12.5
- EV/EBITDA
- 16.9
- Price/Sales
- 2.5
- Price/Book
- 0.9
Growth
- Revenue
- -0.3%
- EPS
- +14.0%
- Free Cash Flow
- +6.5%
Profitability
- Gross Margin
- 60.5%
- Operating Margin
- 21.2%
- Net Margin
- 18.9%
- ROE
- 8.0%
- ROIC
- 7.5%
Balance Sheet
- Debt/Equity
- 0.62
- Current Ratio
- 6.04
Earnings Reports
Latest News
Official Releases
Company announcements and filings-style updates.
Next Step
Keep the research moving
After the overview, the strongest next step is usually chart context or a tighter compare set.