First Merchants Corporation
FRMEFinancial ServicesNASDAQBanks - Regional · Last scanned Sep 9, 2026
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Daily timeframeFirst Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. Valued at $2.59B, FRME is a mid-cap name in its sector. 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
$2.59B
Beta
0.85
P/E (TTM)
13.24
P/E (Fwd)
9.19
EPS (TTM)
$3.11
EPS (Fwd)
$4.48
ROE
7.4%
ROA
0.9%
Cash
$665.7M
Total Debt
$1.65B
Free CF
—
52W Change
4.6%
Annual Financials
Cash vs Debt
Where FRME stands vs its 150-day and 200-day moving averages
As of the September 2, 2026 close, FRME finished 0.61% above its 150-day moving average ($40.66) and 3.00% above its 200-day moving average ($39.72). 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 September 2, 2026 close, FRME's RSI(14) was 22.2, in oversold territory (below 30). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
The company holds $665.7M in cash, though total debt stands at $1.65B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Return on equity stands at 7.4%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 0.9% 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. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing FRME.