What is the fair value of First Merchants Corporation (NASDAQ-FRME) stock?

The current fair value estimate for First Merchants Corporation (NASDAQ-FRME) is $46.18. This implies an estimated upside of 13.5% versus the current market price.

Is First Merchants Corporation (NASDAQ-FRME) undervalued or overvalued?

Based on the current fair value estimate, the stock appears undervalued, with estimated upside of 13.5% versus the current market price.

What is the analyst price target for NASDAQ-FRME stock?

The available analyst price target for First Merchants Corporation (NASDAQ-FRME) is $46.83. The analyst target implies estimated upside of 15.1%.

How is the financial health of First Merchants Corporation?

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

When is First Merchants Corporation's next earnings date?

The next earnings date currently listed for First Merchants Corporation (NASDAQ-FRME) is January 28, 2027.

Does First Merchants Corporation (NASDAQ-FRME) pay dividends?

Based on the current data, dividend yield is 3.6%.

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

The current P/E ratio listed for First Merchants Corporation (NASDAQ-FRME) is 12.9x. Use it together with growth, margins and sector comparisons rather than as a standalone valuation signal.

What is the market capitalization of First Merchants Corporation?

The current market capitalization listed for First Merchants Corporation is 2.531 B.

What is the ticker symbol for First Merchants Corporation?

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

Where is First Merchants Corporation (NASDAQ-FRME) listed?

First Merchants Corporation (NASDAQ-FRME) is listed on NASDAQ.

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

The current debt-to-total-capital ratio listed for First Merchants Corporation is 31.7%, which helps investors evaluate the company’s financing structure and leverage profile.

What is the free float for First Merchants Corporation?

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

First Merchants Corporation (FRME) Fair Value & Stock Analysis |...

First Merchants Corporation (FRME)

First Merchants Corporation is a financial holding company for First Merchants Bank and its common stock is listed on the NASDAQ under the symbol FRME. Through its banking franchise, the company provides commercial and consumer banking services, including checking and savings accounts, deposit products, debit and credit cards, mortgages, refinancing, construction and renovation lending, agricultural lending, treasury management, and depository services. It also offers wealth management capabilities such as brokerage, investment management, private banking, fiduciary estate services, and financial planning. First Merchants serves customers through banking locations in Indiana, Ohio, and Michigan counties, as well as electronic and mobile channels. Founded in 1893 and based in Muncie, Indiana, the company operates within the U.S. banking sector.

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	Analyst Target Rating	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	$46.18	13.5% Upside	Fair	$46.83	15.1% Upside	Fair	Fair	3.6%	January 28, 2027	12.9x	1.0x	3.7x	2.531 B	31.7%	98.0%	-1.6	48.2%	161.0%