First Merchants Corporation
FRMEFinancial ServicesNASDAQBanks - Regional · Last scanned Oct 26, 2026
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Daily timeframeHeadquartered within the financial services sector, First Merchants Corporation focuses on Banks - Regional services and products. First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. At a $2.55B market cap, First Merchants Corporation ranks as a mid-cap company within financial services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products.
Market Cap
$2.55B
Beta
0.88
P/E (TTM)
12.63
P/E (Fwd)
9.18
EPS (TTM)
$3.22
EPS (Fwd)
$4.43
ROE
7.8%
ROA
1.0%
Cash
$349.1M
Total Debt
$1.19B
Free CF
—
52W Change
10.7%
Annual Financials
Cash vs Debt
Where FRME stands vs its 150-day and 200-day moving averages
As of the October 20, 2026 close, FRME finished 3.00% below its 150-day moving average ($40.60) and 1.65% below its 200-day moving average ($40.04). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is FRME overbought or oversold?
At the October 20, 2026 close, FRME's RSI(14) was 42.4, in neutral territory (between 30 and 70). The MACD histogram was positive, so short-term momentum leaned bullish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
First Merchants Corporation carries $1.19B in total debt against $349.1M in cash reserves — debt is roughly 3.4x the cash position. Managing this leverage effectively will be important for long-term financial stability. ROE of 7.8% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 1.0% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $628.1M (2022) to $662.9M (2025).
As with any equity investment, FRME carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. No single metric tells the full story. Reviewing FRME's risk profile alongside its fundamentals and technical indicators provides a more complete picture.