FRME
First Merchants Corp
$43.44
-0.85 (-1.92%)
At close · Jul 2
Market Cap
$2.74B
Shares
63,022,741
Price & Indicators
Indicators
Price
Panels
Event markers
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$43.44
Open$44.59
Day$43.10–44.59
52W$34.01–44.59
Avg vol 30d406K
Short int1.5M · 2.3% float · 4.7d
Short vol71%
Last earningsApr 22, 2026
DataJan 2020–Jul 2026
Filing10-Q · May 1
Equibles Rating
blended score · not investment advice
Overall
Strong Buy
Technical · trend & momentum
Strong Buy
◦
50 / 200-day cross
no cross
+
Price vs 200-day avg
+12% above
+
Price vs 50-day avg
+7% above
◦
RSI (14)
62 · neutral
+
MACD trend
positive
+
52-week position
89% · near high
Sentiment · smart money
Neutral
◦
Trend (MA cross)
50d $41 › 200d $39 — 50d above 200d
+
Institutional flow
5 of 298 funds reported for Jun 30 · net +19 sh shares · +1 new
−
Insider flow
Net -$835.0K over 90 days · 100% sells
−
Short interest
2.31% of float · ▲ +10.3% MoM · 4.7 days cover
◦
Volume signal
Volume near normal
+
Institution breadth
298 holders — near 3-yr high, broad support
Fundamentals
Excellent
+
EPS growth
+14% Y/Y
+
Valuation
P/E 12.8 · below peers
+
Buyback
$53.1M remaining
+
Balance sheet
net cash $177.2M
Blended from price, positioning & fundamentals · daily-close · not investment advice.
Up next
Next earnings call
Jul 22, 2026
Est · unconfirmed
· in 2 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed May 1, 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
Technicals
trend & momentum for long-term holders Strong Buy
50 / 200-day cross
no cross
Neutral
Price vs 200-day avg
+12% above
Bullish
Price vs 50-day avg
+7% above
Bullish
RSI (14)
62 · neutral
Neutral
MACD trend
positive
Bullish
52-week position
89% · near high
Bullish
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $41 › 200d $39 — 50d above 200d
Institutional flow
Accumulating
5 of 298 funds reported for Jun 30 · net +19 sh shares · +1 new
Insider flow
Distributing
Net -$835.0K over 90 days · 100% sells
Short interest
Rising
2.31% of float · ▲ +10.3% MoM · 4.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
298 holders — near 3-yr high, broad support
Price context
position in its 52-week range
52-wk low $34
Now $43 · 89%
52-wk high $45
vs 200-day avg +12%
vs 50-day avg +7%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from its earnings releases, calls, and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted efficiency ratio non-GAAP | 54.21% | first quarter 2026 | — |
| Common Equity Tier 1 Capital Ratio | 11.22% | first quarter 2026 | — |
| Fully taxable equivalent net interest margin | 3.35% | first quarter 2026 | — |
| Loan to deposit ratio | 92.6% | first quarter 2026 | — |
|
|
|||
| Net charge-offs | $10.3M | first quarter 2026 | — |
| Nonperforming assets to total assets | 43 | first quarter 2026 | — |
| adjusted earnings per share non-GAAP | $1.03 | Q1 2026 call | — |
| adjusted ROA non-GAAP | 1.25% | Q1 2026 call | — |
| allowance for credit losses | $212.5M | Q1 2026 call | — |
| allowance for credit losses coverage ratio | 1.39% | Q1 2026 call | — |
| banking centers | 127 | Q1 2026 call | — |
| C&I line utilization | 51% | Q1 2026 call | — |
| common equity tier 1 ratio | 11.22% | Q1 2026 call | — |
| CRE construction concentration | 40% | Q1 2026 call | — |
| loan portfolio yield | 6.09% | Q1 2026 call | — |
| net interest margin | 3.35% | Q1 2026 call | — |
| noninterest-bearing deposits | 23% | Q1 2026 call | — |
| rate paid on deposits | 2.09% | Q1 2026 call | — |
| share repurchases | $24.9M | Q1 2026 call | — |
| tangible common equity ratio | 9% | Q1 2026 call | — |
| Adjusted diluted earnings per common share non-GAAP | $0.98 | fourth quarter 2025 | — |
| Efficiency ratio | 54.52% | fourth quarter 2025 | — |
| Fully tax equivalent net interest margin non-GAAP | 3.29% | fourth quarter 2025 | — |
| Shares repurchased during the fourth quarter | 271,953 | fourth quarter 2025 | — |
| Shares repurchased year-to-date | 1,211,224 | fourth quarter 2025 | — |
| Tangible Common Equity to Tangible Assets Ratio | 9.38% | fourth quarter 2025 | — |
| Total deposits last twelve months growth | $773.2M | fourth quarter 2025 | — |
| Total deposits linked quarter growth | $424.9M | fourth quarter 2025 | — |
| Total loans last twelve months growth | $938.8M | fourth quarter 2025 | — |
| Total loans linked quarter growth | $197.4M | fourth quarter 2025 | — |
Figures exactly as the company stated them · click a metric with a to chart its history · period links open the stating document · "call" marks figures stated on the earnings call, "filing" figures stated in the 10-K/10-Q · YoY needs the prior-year figure on file
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
|
$2.74B | +17.0% | — | 12.8 | 2.3% |
|
HDB
Hdfc Bank Ltd
|
$140.66B | -25.0% | +15.2% | — | 0.3% |
|
MFG
Mizuho Financial Group Inc
|
$121.09B | +35.8% | — | — | 0.3% |
|
IBN
Icici Bank Ltd
|
$107.88B | +0.9% | — | — | 0.7% |
|
PNC
Pnc Financial Services Group, Inc.
|
$101.67B | +22.2% | +7.2% | 14.7 | 1.9% |
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
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FRME | +0.2% | +11.7% | +13.3% | -0.6% | +17.0% |
| SPY | +1.4% | -1.3% | +8.0% | -0.3% | +9.2% |
| vs SPY | -1.3% | +12.9% | +5.3% | -0.3% | +7.8% |
Capital returns
Latest dividend
$0.37
/ share · ex Jun 5, 2026
Paid (TTM)
$1.45
/ share · 4 payouts
Dividend yield (TTM, derived)
3.34%
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.