FRME · First Merchants Corp
$42.03
+0.09 (+0.21%)
At close · Aug 21
Market Cap
$2.64B
Shares
63.02M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$42.03
Open$42.20
Day$41.67–42.48
52W close$34.99–45.23
Avg vol 30d433K
Short int1.9M · 3.0% float · 3.6d
Short vol51%
Last earningsJul 23, 2026
DataJan 2020–Aug 2026
Filing10-Q · Jul 31
Up next
Next earnings call
Oct 22, 2026
Est · unconfirmed
· in 9 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Jul 31, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Neutral
Momentum
Neutral
Sentiment
Neutral
Fundamentals
Excellent
Quant / Vol
Low
Market backdrop
VIX 15.1 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+5%
above
Price vs 50-day avg
−2%
below
RSI (14)
42
neutral
MACD trend
Negative
52-week position
69%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−3%
trailing
6-month return
+7%
trailing
YTD return
+12%
this year
Relative strength
−5%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $43 › 200d $40 — 50d above 200d
Institutional flow
Accumulating
+2% holders QoQ · +33 funds added
Insider flow
Distributing
Net -$1.0M over 90 days · 100% sells
Short interest
Rising
2.97% of float · ▲ +15.4% MoM · 3.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
306 holders — near 3-yr high, broad support
Squeeze score
52
elevated · 0–100
Fundamentals
EPS growth
+14%
Y/Y
Valuation
P/E 12.4
below peers
Buyback
$53.1M
remaining
Balance sheet
$177.2M
net cash
Quant / Vol
risk profile
Volatility
24%
annualized · 1-yr
Max drawdown
−16%
past year
ATR
2.0%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Prior guidance
period ended
· from the Earnings Call filed Mar 31, 2024
Digital platform conversion costs
· Q2
$2.5M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+5%
Bullish
Price vs 50-day avg
−2%
Neutral
RSI (14)
42
Neutral
MACD trend
Negative
Bearish
52-week position
69%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $43 › 200d $40 — 50d above 200d
Institutional flow
Accumulating
+2% holders QoQ · +33 funds added
Insider flow
Distributing
Net -$1.0M over 90 days · 100% sells
Short interest
Rising
2.97% of float · ▲ +15.4% MoM · 3.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
306 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $35
Now $42 · 69%
Range high $45
vs 200-day avg +5%
vs 50-day avg -2%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Accruing Loans 90+ Days Delinquent | $9.74M | As of June 30, 2026 | — |
| Adjusted Diluted Earnings Per Common Share non-GAAP | $0.74 | 2Q26 | — |
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GAAP → non-GAAP reconciliationGAAP Diluted Earnings Per Common Share (GAAP) $0.7
+$0.06 Acquisition-related expenses
-$0.02 Tax on adjustments
= Adjusted Diluted Earnings Per Common Share $0.74
|
|||
| Adjusted Efficiency Ratio (non-GAAP) non-GAAP | 53.7% | Six Months Ended June 30, 2026 | — |
|
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| Adjusted Net Income Available to Common Stockholders non-GAAP | 46.42M | 2Q26 | — |
| Adjusted Net Interest Income - FTE non-GAAP | $161.6M | 2Q26 | — |
| Adjusted pre-tax, pre-provision income non-GAAP | 84.6M | second quarter 2026 | — |
| Adjusted Return on Average Assets non-GAAP | 0.88% | 2Q26 | — |
GAAP → non-GAAP reconciliationGAAP Return on Average Assets (GAAP) Reported 0.83%
+0% Effect of net loss on mortgage loans reclassified to held for sale
+0.07% Effect of acquisition-related expenses
-0.02% Effect of tax on adjustments
= Adjusted Return on Average Assets 0.88%
|
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| Adjusted Return on Average Stockholders' Equity non-GAAP | 6.87% | 2Q26 | — |
GAAP → non-GAAP reconciliationGAAP Return on Average Stockholders' Equity (GAAP) Reported 6.44%
+0% Effect of net loss on mortgage loans reclassified to held for sale
+0.57% Effect of acquisition-related expenses
-0.14% Effect of tax on adjustments
= Adjusted Return on Average Stockholders' Equity 6.87%
|
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| Adjusted Return on Tangible Common Equity non-GAAP | 10.42% | 2Q26 | — |
GAAP → non-GAAP reconciliationGAAP Return on Tangible Common Equity (GAAP) Reported (non-GAAP) 9.8%
+0% Effect of net loss on mortgage loans reclassified to held for sale
+0.83% Effect of acquisition-related expenses
-0.21% Effect of tax on adjustments
= Adjusted Return on Tangible Common Equity 10.42%
|
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| Allowance for Credit Losses - Loans as % of Loans | 1.56% | As of June 30, 2026 | — |
| Allowance for Credit Losses – Loans to loans | 1.56% | second quarter 2026 | — |
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| Assets Under Advisement | $21.3B | as of 6/30/2026 | — |
| Banking Centers | 126 | as of 6/30/2026 | — |
| Classified Loans | 393.3M | 2Q26 | — |
| Classified Loans / Loans | 2.53% | 2Q26 | — |
| Common Equity Tier 1 Capital Ratio | 11.16% | second quarter 2026 | — |
|
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| Common Equity Tier 1 Ratio | 11.16% | 2Q26 | — |
| Deposit growth on a linked quarter basis | 267.8M | second quarter 2026 | — |
| Efficiency Ratio non-GAAP | 63.75% | Six Months Ended June 30, 2026 | — |
|
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| Line utilization | 49.7% | 2Q26 | — |
| Loan growth on a linked quarter basis | 221.7M | second quarter 2026 | — |
| Loan to deposit ratio | 92.7% | second quarter 2026 | — |
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| Net Charge-offs | $14.16M | Six Months Ended June 30, 2026 | — |
| Net Charge-offs (QTD) | 3.9M | 2Q26 | — |
| Net Interest Margin FTE non-GAAP | 3.36% | Six Months Ended June 30, 2026 | — |
| Net interest margin on a fully taxable equivalent basis non-GAAP | 3.38% | second quarter 2026 | — |
| Nonaccrual Loans | $118.2M | As of June 30, 2026 | — |
| Nonperforming Assets (NPA) | $119.77M | As of June 30, 2026 | — |
| Nonperforming assets to total assets | 56 | second quarter 2026 | — |
|
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| NPAs + 90PD | 129.5M | 2Q26 | — |
| NPAs + 90PD / Loans and ORE | 0.83% | 2Q26 | — |
| NPAs / Assets % | 0.56% | As of June 30, 2026 | — |
| Organic loan growth non-GAAP | $221.7M | Three Months Ended June 30, 2026 | — |
| Pre-Tax, Pre-Provision Earnings non-GAAP | 84.58M | 2Q26 | — |
| PTPP earnings non-GAAP | $163.3M | Six Months Ended June 30, 2026 | — |
| PTPP/Average Assets (PTPP ROA) non-GAAP | 1.57% | Six Months Ended June 30, 2026 | — |
| PTPP/Average Equity (PTPP ROE) non-GAAP | 12.52% | 2Q26 | — |
| QTD NCO / Avg. Loans (Annualized) | 0.1% | 2Q26 | — |
| Quarterly Net Charge-offs | $3.91M | Three Months Ended June 30, 2026 | — |
| Quarterly Net Charge-offs as % of Average Loans (Annualized) | 0.1% | Three Months Ended June 30, 2026 | — |
| Return on Tangible Common Equity non-GAAP | 9.8% | 2Q26 | — |
| Return on Tangible Common Equity (non-GAAP) non-GAAP | 8.1% | Six Months Ended June 30, 2026 | — |
| Shares repurchased | 336,145 | 2Q26 | — |
| Shares repurchased year-to-date | 976,631 | second quarter 2026 | — |
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| Tangible Common Book Value Per Share non-GAAP | $29.8 | Three Months Ended June 30, 2026 | — |
| Tangible Common Equity per Share non-GAAP | $29.8 | 2Q26 | — |
| Tangible Common Equity Ratio non-GAAP | 8.99% | 2Q26 | — |
|
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| Total Deposit Growth QTD | 6.5% | 2Q26 | — |
| Total Deposit Growth YTD | -3% | YTD 2026 | — |
| Total Loan Growth QTD | 5.8% | 2Q26 | — |
| Total Loan Growth YTD | 2.9% | YTD 2026 | — |
| Total risk-based capital ratio | 12.98% | second quarter 2026 | — |
|
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| YTD Return on TCE non-GAAP | 8.1% | Six Months Ended June 30, 2026 | — |
| Net interest margin | 3.35% | first quarter 2026 | — |
| Total deposits last twelve months growth | $333.5M | first quarter 2026 | — |
| Total deposits linked quarter growth | -$499.4M | first quarter 2026 | — |
| Total loans linked quarter growth | -$18.8M | first quarter 2026 | — |
| Allowance for Credit Losses - Loans to Actual Loans | 1.42% | Q4 FY2025 | — |
| Fully tax equivalent net interest margin | 3.29% | Q4 FY2025 | — |
| Tangible Common Equity to Tangible Assets Ratio | 9.38% | Q4 FY2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Banks - Regional — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FRME
this stock
First Merchants Corp
|
$2.64B | +12.1% | — | 12.4 | 3.0% |
|
MFG
Mizuho Financial Group Inc
|
$124.83B | +40.4% | — | — | 0.1% |
|
HDB
Hdfc Bank Ltd
|
$121.52B | -35.4% | +15.2% | — | 0.5% |
|
IBN
Icici Bank Ltd
|
$105.45B | +0.4% | — | — | 0.5% |
|
CIXPF
CaixaBank/ADR
|
$100.59B | +19.4% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FRME | -3.8% | -2.7% | +6.8% | -2.6% | +12.1% |
| SPY | -1.4% | +3.6% | +11.6% | +2.5% | +12.3% |
| vs SPY | -2.5% | -6.3% | -4.8% | -5.1% | -0.2% |
Capital returns
Latest dividend
$0.37
/ share · ex Jun 5, 2026
Declared · upcoming
$0.37
/ share · ex Sep 4, 2026
Paid (TTM)
$1.45
/ share · 4 payouts
Dividend yield (TTM, derived)
3.45%
Buyback program
· as of Dec 31, 2025
Authorized
$100.00M
Spent (derived)
$46.90M
Remaining
$53.10M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
712534
CUSIP
320817109
13F (30d)
272 filings
267 filers
Visit website
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