# First Merchants Corporation (FRME) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Banks. Price $42.06, market value $2.6 billion.

## Valuation
- **P/E (trailing): 13.5×** (5-yr avg 9.7×, 3-yr avg 9.9×). First Merchants Corporation trades at 13.5× trailing earnings, well above its own five-year average of 9.7×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 9.4×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.68**. A PEG of 0.68 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Earnings yield: 7.4%**. The inverse of the P/E: 7.4% of the price is earned each year.

## Profitability
- **Return on equity: 9.2%**. 9.2% on shareholders' equity is weak; the business earns little on the capital its owners have in it.

## Growth
- **EPS growth (1 yr): 13.8%** (3-yr 0.6%/yr, 5-yr 7.2%/yr). Earnings per share rose 13.8%.

## Dividends
- **Dividend yield: 3.52%** ($1.45 per share, trailing). First Merchants Corporation yields 3.52%, an income-level yield.
- **Payout ratio: 37%**. 37% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 15**. 15 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 6.6%/yr** (1-yr 2.9%). The dividend has grown 6.6% a year over five years.

## Price and momentum
- **Total return (1 yr): 4.2%** (YTD 14.3%, 3-mo 5.3%). The shares are up 4.2% over twelve months including dividends.
- **From 52-week high: -7.2%** (21.4% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): 0.60** (volatility 23%). Beta of 0.60 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FRME · Page: https://foliofundamentals.com/stocks/frme

Not investment advice.