First Merchants Corporation (FRMEP) Stock Analysis

Company Overview

The record here covers First Merchants Corporation, ticker FRMEP. The company sits in the Financial Services sector, in the Banks - Regional industry. The company reports 2,086 employees.

The 52-week range on file runs from $24.73 to $27.09. FRMEP last closed at $25.00 on September 4, 2026. The close was unchanged from the previous session. The latest close sits 1.09% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $662.95M. That is +5.78% against the prior fiscal year, when revenue was $626.71M. The same year closed with net income of $226.00M. That is +12.21% against the prior fiscal year. Profit margin runs at 28.96%. That is 0.2 percentage points below the Banks - Regional median of 29.15%. Trailing earnings per share are 3.81.

Across the 4 fiscal years on file, revenue moves from $628.14M in 2022 to $662.95M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

FRMEP trades at a trailing price-to-earnings ratio of 6.56. That is 48.02% below the Banks - Regional median of 12.62. The medians here are taken across 380 Banks - Regional companies that report the metric.

The reported beta is 0.85. Annualized volatility over the trailing 6 years is 16.5%. The trailing one-year price return is +4.11%. Across 5 years the annualized return works out at +5.74%.

Growth & Income

The trailing dividend yield is 7.5%. That is 4.8 percentage points above the Banks - Regional median yield of 2.7%. At the indicated rate that is $1.88 a share a year. The ex-dividend date on file is July 30, 2026. Dividends are recorded for 7 calendar years; 2026 shows 3 payments totalling $1.41 a share. The year before, 2025, totalled $1.88 a share.

Across the complete calendar years on file, 2024 returned +11.56% and 2022 returned −0.36%. Of the 5 complete calendar years on file, 4 finished higher. 2026 is still running; the price is +2.59% year to date.