First Merchants Corporation

FRMEP | NASDAQ

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$25.18

-$0.02 (-0.08%)

At close: Sep 22, 2026, 9:30 AM ET

$25.20

+$0.02 (+0.08%)

After-hours: Sep 22, 2026, 4:10 PM ET

Overview Rating Statistics Financials Earnings Analysts Ownership Dividends Profile

Market Data

Market Cap $2.79B

Enterprise Value $2.49B

Beta 0.86

Average Volume N/A

Shares Outstanding (Diluted) 57.45M

Shares Change YoY -1.44%

Institutional Ownership N/A

Exchange N/A

ISIN N/A

Price Performance

Price Change 1M N/A

Price Change 3M N/A

Price Change 6M N/A

Price Change YTD N/A

Price Change 1Y N/A

Price Change 3Y N/A

Price Change 5Y N/A

1M CAGR (ann.) 0.2%

1Y CAGR (ann.) 5.7%

5Y CAGR (ann.) 6.0%

All-Time CAGR 7.7%

Valuation

PE Ratio 6.28

Forward PE 10.77

PEG Ratio -0.68

Forward PEG 0.34

PS Ratio 2.77

Forward PS 3.30

PB Ratio 1.15

P/FCF Ratio 10.73

P/Adj. FCF Ratio 10.99

P/OCF Ratio 5.01

EV/Sales 2.47

EV/EBIT 9.21

EV/EBITDA 8.24

EV/FCF 9.58

Earnings Yield 15.9%

FCF Yield 9.3%

Adj. FCF Yield 9.1%

Financial Health

Net Cash $297.13M

Total Debt $1.18B

Cash & Short-Term Investments $1.47B

Total Assets $18.81B

Current Ratio 0.24

Quick Ratio 0.24

Debt / Equity Ratio 0.59

Debt / EBITDA 3.90

Debt / FCF 4.54

OCF / Debt 0.22

Interest Coverage 0.52

Altman Z-Score -0.51

Piotroski F-Score 6

Margins & Profitability

Gross Profit Margin 58.8%

Operating Profit Margin 26.9%

EBITDA Margin 21.0%

Net Profit Margin 17.1%

FCF Margin 25.8%

Adj. FCF Margin 25.2%

SBC / Revenue 0.7%

SBC Impact (per share) -2.4%

Returns

Return on Assets 0.9%

Return on Equity 7.3%

Return on Invested Capital 4.1%

Return on Capital Employed 4.6%

Return on Tangible Assets 0.9%

Historical Growth (CAGR)

Revenue CAGR 3Y 16.7%

Revenue CAGR 5Y 12.1%

Revenue CAGR 10Y 13.6%

EPS CAGR 3Y 4.5%

EPS CAGR 5Y 7.6%

EPS CAGR 10Y 8.6%

FCF CAGR 3Y 7.8%

FCF CAGR 5Y 4.3%

FCF CAGR 10Y 12.0%

Analyst Forecasts

Analyst Rating Hold

Analyst Count 0

EPS Growth Next 3Y N/A

Revenue Growth Next 3Y N/A

Earnings Date Oct 26, 2026

EPS Estimate (next Q) $1.04

EPS Growth Est (next Q) 5.3%

Revenue Est (next Q) $203.98M

Revenue Growth Est (next Q) -23.8%

Fair Value Estimates

Graham Number $62.36

Graham Upside 147.5%

Lynch Fair Value $30.48

Lynch Upside 20.9%

Price Target N/A

Price Target Upside N/A

Cash Flow

Operating Cash Flow $259.71M

Free Cash Flow $259.71M

Adj. Free Cash Flow $253.48M

FCF Per Share $5.03

OCF Per Share $5.03

OCF/S Ratio 28.9%

Income Statement

Revenue $1.01B

Gross Profit $467.76M

Operating Income $270.24M

EBITDA $302.2M

Net Income $233.29M

EPS (Diluted) $4.01

Revenue / Employee N/A

Profit / Employee N/A

Employees N/A

Dividends

Annual Dividend $1.88

Dividend Yield 7.46%

Payout Ratio 46.8%

FCF Payout Ratio 32.4%

Adj. FCF Payout Ratio 33.2%

Dividend Growth (YoY) 0.0%

Pay Frequency Quarterly

Ex-Dividend Date Jul 29, 2026