FIRST MERCHANTS CORP
Data quality: 83%
FRMEP
NASDAQ
Financial Services
Depository Institutions
$26.14
▼
$0.01
(-0.04%)
Mkt Cap: 1.51 B
Price
$26.15
Mkt Cap
1.51 B
Day Range
—
52-Week Range
—
Volume
—
Open —
50D / 200D Avg
—
50D / 200D Avg
—
Quick Summary
Key Takeaways
Generating 283.65 M in free cash flow
P/E of 6.68 — trading at a low valuation
Cash machine — converts 125.51% of earnings into free cash flow
Dividend yield of 7.17% — meaningful income
Healthy payout ratio of 48.35% with room to grow
Dividends growing 31.40% annually over 5 years
Growth
Revenue Growth (5Y)
N/A
Revenue (1Y)N/A
Earnings (1Y)12.21%
FCF Growth (3Y)4.68%
Quality
Return on Equity
9.50%
Above sector avg (9.22%)
ROICN/A
Net MarginN/A
Op. MarginN/A
Safety
Debt / Equity
N/A
Current RatioN/A
Interest CoverageN/A
Valuation
PE (TTM)
6.68
Below sector avg (11.12)
P/B Ratio0.63
EV/EBITDAN/A
Dividend Yield7.17%
Price History
Financial Trends
Peer Comparison
vs Financial Services sector median (2698 peers)
Peer Comparison
vs Financial Services sector median (2698 peers)| Metric | Stock | Sector Median |
|---|---|---|
| P/E | 6.7 | 11.1 |
| P/B | 0.6 | 1.2 |
| ROE % | 9.5 | 9.2 |
| Net Margin % | — | 9.4 |
| Rev Growth 5Y % | — | 5.8 |
| D/E | — | 0.5 |
Analyst Price Target
No analyst coverage available
Earnings Estimates
| Period | EPS Est. | Revenue Est. | Analysts |
|---|---|---|---|
| FY2027 | — | 848.66 M | — |
| FY2026 | — | 803.21 M | — |
| Period | EPS Est. | Revenue Est. | Analysts |
|---|---|---|---|
| 2026 Q2 | — | 201.71 M | — |
| 2026 Q1 | — | 188.43 M | — |
Dividend History
Yield
7.17%
Payout Ratio
48.35%
Growth (3Y)
0.00%
Growth (5Y)
31.40%
| Ex-Date | Payment Date | Amount | Yield |
|---|---|---|---|
| Jan 30, 2026 | — | $0.47 | N/A |
| Oct 31, 2025 | — | $0.47 | N/A |
| Jul 30, 2025 | — | $0.47 | N/A |
| Apr 30, 2025 | — | $0.47 | N/A |
| Jan 31, 2025 | — | $0.47 | N/A |
| Oct 31, 2024 | — | $0.47 | N/A |
| Jul 30, 2024 | — | $0.47 | N/A |
| Apr 29, 2024 | — | $0.47 | N/A |
| Jan 30, 2024 | — | $0.47 | N/A |
| Oct 30, 2023 | — | $0.47 | N/A |
| Jul 28, 2023 | — | $0.47 | N/A |
| Apr 27, 2023 | — | $0.47 | N/A |
| Jan 30, 2023 | — | $0.47 | N/A |
| Oct 28, 2022 | — | $0.47 | N/A |
| Jul 28, 2022 | — | $0.47 | N/A |
| Apr 28, 2022 | — | $0.47 | N/A |
| Jan 28, 2022 | — | $0.47 | N/A |
| Oct 28, 2021 | — | $0.47 | N/A |
| Jul 29, 2021 | — | $0.47 | N/A |
| Apr 29, 2021 | — | $0.47 | N/A |
All Fundamental Metrics
All Fundamental Metrics
| Growth | |||
| Revenue Growth (1Y) | N/A | Revenue Growth (3Y) | N/A |
| Earnings Growth (1Y) | 12.21% | Earnings Growth (3Y) | 0.49% |
| Revenue Growth (5Y) | N/A | Earnings Growth (5Y) | 2.40% |
| Profitability | |||
| Revenue (TTM) | N/A | Net Income (TTM) | 226.00 M |
| ROE | 9.50% | ROA | 1.21% |
| Gross Margin | N/A | Operating Margin | N/A |
| Net Margin | N/A | Free Cash Flow (TTM) | 283.65 M |
| ROIC | N/A | FCF Growth (3Y) | 4.68% |
| Safety | |||
| Debt / Equity | N/A | Current Ratio | N/A |
| Interest Coverage | N/A | Asset Turnover | N/A |
| Working Capital | N/A | Tangible Book Value | 1.69 B |
| Dividends | |||
| Dividend Yield | 7.17% | Payout Ratio | 48.35% |
| Dividend Growth (3Y) | 0.00% | Dividend Growth (5Y) | 31.40% |
| Consecutive Div Years | 6 yrs | ||
| Valuation | |||
| P/E Ratio | 6.68 | Forward P/E | N/A |
| P/B Ratio | 0.63 | P/S Ratio | N/A |
| PEG Ratio | 2.78 | Forward PEG | N/A |
| EV/EBITDA | N/A | Fwd EV/EBITDA | N/A |
| Forward P/S | 1.78 | Fwd Earnings Yield | N/A |
| FCF Yield | 18.79% | ||
| Market Cap | 1.51 B | Enterprise Value | 1.51 B |
| Per Share | |||
| EPS (Diluted TTM) | 3.88 | Revenue / Share | N/A |
| FCF / Share | 4.91 | OCF / Share | 4.91 |
| EPS CAGR (1Y) | 13.78% | EPS CAGR (5Y) | 0.46% |
| EPS CAGR (10Y) | 7.76% | ||
| Efficiency | |||
| CapEx / Revenue | N/A | FCF Conversion | 125.51% |
| SBC-Adj. FCF | 277.29 M | Growth Momentum | N/A |
Income Statement
Annual, most recent first
Income Statement
Annual, most recent first| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Net Income | 226.00 M | 201.40 M | 223.79 M | 222.09 M | 205.53 M |
| EPS (Diluted) | 3.88 | 3.41 | 3.73 | 3.81 | 3.81 |
| Gross Profit | — | — | — | — | — |
| Operating Income | — | — | — | — | — |
| EBITDA | — | — | — | — | — |
| R&D Expenses | — | — | — | — | — |
| SG&A Expenses | — | — | — | — | — |
| D&A | 29.42 M | 26.85 M | 11.71 M | 11.82 M | 10.70 M |
| Interest Expense | 536.01 M | 521.11 M | 348.49 M | 84.80 M | 35.95 M |
| Income Tax | 33.11 M | 30.33 M | 35.45 M | 33.59 M | 35.26 M |
Balance Sheet
Annual, most recent first
Balance Sheet
Annual, most recent first| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Total Assets | 19.03 B | 18.31 B | 18.41 B | 17.94 B | 15.45 B |
| Total Liabilities | 16.56 B | 16.01 B | 16.16 B | 15.90 B | 13.54 B |
| Shareholders' Equity | 2.47 B | 2.30 B | 2.25 B | 2.03 B | 1.91 B |
| Total Debt | — | — | — | — | — |
| Cash & Equivalents | — | — | — | — | — |
| Current Assets | — | — | — | — | — |
| Current Liabilities | — | — | — | — | — |
Strategy Scores
This stock passed the criteria for 1 strategy
Score = fit strength (0–100)
Rank = position among all matches
Dividend
High Yield Value
#25 of 240
Recent Activity
Entered
High Yield Value
Apr 12, 2026
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