National Commercial Banks · SIC 6021

FIRST MERCHANTS CORP

FRME

Watch

Latest revenue

$16.0M

as of 2026-03-31

Latest net income

$28.2M

as of 2026-03-31

Net margin

175.5%

as of 2026-03-31

Price · 5Y

+0.7% / yr 13.1 pts / yr vs S&P 500 3.5% total
Compare:

Live market

delayed ≤15 min
$40.14
0.22%
Market cap
$2.53B
Enterprise value
$2.53B
P/E (trailing)
11.2×
Forward P/E
P/B
Dividend yield
3.6%
52-wk high
$43.22
52-wk low
$34.66
Beta
Shares out
63.0M

5-year trend

About FRME

Business description and risk factors will appear here once FRME's latest filing is fully ingested.

Profitability

Net margin

21.5%

14.5%

Return on equity

9.8%

12.2%

Return on assets

1.2%

99.8%

Leverage

Debt / equity

7.25×

838.8%

Long-term debt / equity

0.43×

13.7%

Debt / assets

87.9%

101.6%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$16.0M+9.2%$28.2M-49.1%175.5%

Q4 2025

2025-12-31

$1.00B-2.4%$57.1M-11.3%5.7%

Q3 2025

2025-09-30

$18.2M+12.0%$56.8M+15.4%311.6%

Q2 2025

2025-06-30

$16.6M+6.9%$56.8M+42.3%342.2%

Q1 2025

2025-03-31

$14.7M-3.3%$55.3M+15.4%376.6%

Q4 2024

2024-12-31

$1.03B$64.3M6.3%

Q3 2024

2024-09-30

$16.3M-8.4%$49.2M-12.7%302.4%

Q2 2024

2024-06-30

$15.5M-7.9%$39.9M-34.4%256.9%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

National Commercial Banks · SIC 6021

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Insider activity

Insider buying

$0

Insider selling

$928.3K

Net activity

−$928.3K

Distinct insiders

3

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2026-02-26

Larry W Myers

First Vice President

Sale5,000$41.50$207.5K
2026-02-26

Larry W Myers

First Vice President

Sale5,000$41.50$207.5K
2026-02-11

Stephan Fluhler

Chief Information Officer

Sale4,161$41.96$174.6K
2026-02-06

Eva D. Scurlock

Chief Risk Officer

Sale3,227$42.29$136.5K
2025-11-04

Stephan Fluhler

Chief Information Officer

Sale5,689$35.55$202.2K

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns FRME

Institutional value

$1.00B

Total shares held

26.0M

Distinct holders

179

-101 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1BlackRock, Inc.4.9M$189.8M+255.7K (+5.5%)Added
2DIMENSIONAL FUND ADVISORS LP3.6M$139.3M+278.0K (+8.4%)Added
3VANGUARD PORTFOLIO MANAGEMENT LLC3.4M$130.1MNew
4VANGUARD CAPITAL MANAGEMENT LLC2.7M$105.8MNew
5Nuveen, LLC1.0M$40.4M-14.9K (-1.4%)Trimmed
6SYSTEMATIC FINANCIAL MANAGEMENT LP862.0K$33.4M+83.7K (+10.7%)Added
7WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC789.9K$30.6M+26.0K (+3.4%)Added
8Bank of New York Mellon Corp759.7K$29.4M-4.5K (-0.6%)Trimmed
9FIRST TRUST ADVISORS LP725.3K$28.1M+9.8K (+1.4%)Added
10PL Capital Advisors, LLC686.3K$26.6M+0 (+0.0%)No change
11FIRST MERCHANTS CORP525.2K$20.3M-9.6K (-1.8%)Trimmed
12JPMORGAN CHASE & CO529.7K$20.2M-75.7K (-12.5%)Trimmed
13VANGUARD FIDUCIARY TRUST CO399.1K$15.5MNew
14Fisher Asset Management, LLC348.9K$13.5M-26.4K (-7.0%)Trimmed
15Phocas Financial Corp.212.2K$8.2M-330.7K (-60.9%)Trimmed
16DENALI ADVISORS LLC205.2K$7.9M+0 (+0.0%)No change
17WELLS FARGO & COMPANY/MN174.6K$6.8M-44.3K (-20.2%)Trimmed
18ProShare Advisors LLC174.1K$6.7M+5.0K (+2.9%)Added
19SEI INVESTMENTS CO147.7K$5.7M+36.6K (+32.9%)Added
20JANE STREET GROUP, LLC138.0K$5.3M+87.9K (+175.5%)Added

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

Top questions investors are asking

Coming once FRME's latest filing finishes processing.