What is the fair value of First Merchants Corp ADR (NASDAQ-FRME.P) stock?

The current fair value estimate for First Merchants Corp ADR (NASDAQ-FRME.P) is $32.20. This implies an estimated upside of 27.3% versus the current market price.

Is First Merchants Corp ADR (NASDAQ-FRME.P) undervalued or overvalued?

Based on the current fair value estimate, the stock appears undervalued, with estimated upside of 27.3% versus the current market price.

How is the financial health of First Merchants Corp ADR?

The current financial health read for First Merchants Corp ADR (NASDAQ-FRME.P) is Fair. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

When is First Merchants Corp ADR's next earnings date?

The next earnings date currently listed for First Merchants Corp ADR (NASDAQ-FRME.P) is October 22, 2026.

Does First Merchants Corp ADR (NASDAQ-FRME.P) pay dividends?

Based on the current data, dividend yield is 7.4%.

What is the P/E ratio for First Merchants Corp ADR (NASDAQ-FRME.P)?

The current P/E ratio listed for First Merchants Corp ADR (NASDAQ-FRME.P) is 13.9x. Use it together with growth, margins and sector comparisons rather than as a standalone valuation signal.

What is the market capitalization of First Merchants Corp ADR?

The current market capitalization listed for First Merchants Corp ADR is 2.567 B.

What is the ticker symbol for First Merchants Corp ADR?

The ticker symbol for First Merchants Corp ADR is NASDAQ-FRME.P, and the stock is listed on NASDAQ.

Where is First Merchants Corp ADR (NASDAQ-FRME.P) listed?

First Merchants Corp ADR (NASDAQ-FRME.P) is listed on NASDAQ.

What is the debt-to-total-capital ratio for First Merchants Corp ADR?

The current debt-to-total-capital ratio listed for First Merchants Corp ADR is 38.9%, which helps investors evaluate the company’s financing structure and leverage profile.

What is the free float for First Merchants Corp ADR?

The free float listed for First Merchants Corp ADR is 98.0%. Free float helps investors understand how much of the share base is available for public trading.

First Merchants Corp ADR (FRMEP) Fair Value & Stock Analysis |...

First Merchants Corp ADR (FRMEP)

First Merchants Corp ADR (FRMEP) is a preferred security associated with First Merchants Corporation, a financial holding company for First Merchants Bank. The underlying issuer provides commercial and consumer banking services, including deposit products, debit and credit cards, mortgage lending, agricultural lending, treasury management, and a broad set of wealth management and advisory services such as brokerage, investment management, private banking, fiduciary estate, and financial planning. Its banking network operates in Indiana, Ohio, and Michigan, and the company also serves customers through electronic and mobile channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

Stock Summary Fair Value Profitability & Growth Quality & Risk Events & Dividends Market Outlook FAQ

Jump directly to the stock analysis sections supported by the latest available data.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.

Ticker	Fair Value	Fair Value Upside/Downside	Fair Value Rating	Analyst Price Target	Analyst Target Upside/Downside	Overall Financial Health	Dividend Yield	Next Earnings Date	P/E Ratio	Price-to-Book Ratio	Price-to-Sales Ratio	Market Cap	Total Debt / Total Capital	Free Float / Shares Outstanding	Altman Z-Score	Payout Ratio	Free Cash Flow / Net Income
NASDAQ-FRME.P	$32.20	27.3% Upside	Undervalued	Not available	Not available	Fair	7.4%	October 22, 2026	13.9x	1.0x	4.0x	2.567 B	38.9%	98.0%	-1.6	48.2%	171.1%