First Merchants' net interest income grew 19.5% year-over-year to $158.9M in Q2 2026, but the net interest margin remains stagnant at 0.7%, indicating volume-driven growth amid funding cost pressure. The bank's efficiency ratio spiked to 49.0% in Q1 2026 due t...
Price trend, volume and key moving averages
Trailing total returns as of 10/2/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 22, 2026 | $0.74-27.5% vs $1.02 | $202M-0.1% vs $203M |
Q2 2026 Apr 22, 2026 | $0.46-52.1% vs $0.96 | $193M+2.6% vs $188M |
Q1 2026 Jan 26, 2026 | $0.98+2.1% vs $0.96 | $178M+3.0% vs $173M |
Q4 2025 Oct 22, 2025 | $0.99+2.9% vs $0.96 | $166M-3.7% vs $172M |
MUNCIE, Ind., Sept. 30, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq: FRME) will release its third quarter 2026 financial results on Wednesday, October 21, 2026. The Corporation will host an earnings conference call and webcast at 9:00 a.m. (ET) on Thursday, October 22, 2026.
MUNCIE, Ind., Sept. 23, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq: FRME) (the “Company”) today announced the pricing of its offering of $100 million of its 6.750% Fixed-to-Floating Rate Subordinated Notes due 2036 (the “Notes”) in a registered public offering (the “Offering”). The Notes will initially bear interest at 6.750% per annum from and including September 25, 2026 to, but excluding, October 1, 2031, with interest payable semiannually in arrears commencing on April 1, 2027. Commencing October 1, 2031, the interest rate on the Notes will reset quarterly to a floating rate per annum equal to a benchmark rate that is expected to be Three-Month Term SOFR (which is defined in the Notes) plus 202 basis points, with interest payable quarterly in arrears.
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 to Muncie, Indiana-based First Merchants Corporation (“FRME” or “the company”). In addition, KBRA assigns deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+, and short-term deposit and debt ratings of K2 to its main subsidiary, First Merchants Bank (“the bank”). The Outlook for all long-term ratings is Stable. Key.
Bank of America Corp DE lifted its holdings in shares of First Merchants Corporation (NASDAQ: FRME) by 46.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,276 shares of the bank's stock after purchasing an additional 77,155 shares during the
Benchmark FRME against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for First Merchants Corporation (FRME)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $39.58 | $2.49B | 10.20 | 5.54% | 21.52% | 9.47% | 3.63% | |
| $143.55 | $9.68B | 12.42 | 11.23% | 20.11% | 11.93% | — | |
| $35.57 | $732.96M | 10.88 | 4.57% | 22.71% | 14.12% | — | |
| $31.75 | $4.55B | 17.94 | 16.23% | 31.14% | 14.2% | — | |
| $58.90 | $1.02B | 10.79 | 4.83% | 24.79% | 13.25% | — | |
| $50.74 | $2.64B | 15.24 | 14.54% | 22.65% | 11.26% | — |
First Merchants Corporation (FRME) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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First Merchants Corporation (FRME) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 14, 2026·SEC
Jul 22, 2026·SEC
Jul 13, 2026·SEC
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First Merchants Corporation (FRME) stock FAQ — growth, dividends, profitability & financials explained
First Merchants Corporation (FRME) grew revenue by 5.5% over the past year. This is steady growth.
Yes, First Merchants Corporation (FRME) is profitable, generating $186.0M in net income for fiscal year 2025 (21.5% net margin).
Yes, First Merchants Corporation (FRME) pays a dividend with a yield of 3.63%. This makes it attractive for income-focused investors.
First Merchants Corporation (FRME) has a return on equity (ROE) of 9.5%. This is below average, suggesting room for improvement.
First Merchants Corporation (FRME) has a net interest margin (NIM) of 2.8%. NIM has been under pressure due to interest rate environment.
First Merchants Corporation (FRME) has an efficiency ratio of 36.3%. This is excellent, indicating strong cost control.
