First Merchants Stock Today

First Stock Highlights

First Merchants (FRME) is listed on NASDAQ Exchange in USA. First Merchants is part of the Regional Banks industry. The company is classified under the Banks sector. First Merchants now stands at 2.37 B in market capitalization, which maps the company to the mid-cap universe of regional banks. Additional sizing evidence includes about 63.39 M shares outstanding, a workforce of about 2,086 people, and enterprise value near 3.1 B. The company has 1.03 M shares sold short (2.59 days to cover). With a net margin of 35.22%, the company retains a relatively high share of revenue as profit. First Merchants currently holds $999.93 M in liabilities with Debt to Equity (D/E) ratio of 6.95, indicating First Merchants may have difficulties to generate enough cash to satisfy its financial obligations. First Merchants financial risk analysis Ownership Allocation The majority of First Merchants' outstanding shares are owned by institutional investors. Large asset managers, pension funds, and sovereign wealth funds that invest on behalf of clients or beneficiaries are typically subject to stricter disclosure rules than retail investors - including mandatory 13F filings that reveal quarterly position changes. Tracking these filings can highlight shifts in institutional conviction around First Merchants. Institutional ownership in First Merchants stands at roughly 71%, compared to 2% insider ownership and a public float of approximately 27%. Check First Ownership Details

First Merchants Hype to Price Pattern

Open Interest Against 2026-03-20 First Option Contracts

This short options snapshot for First Merchants focuses on March 20th 2026. Available listings include 10 calls and 10 puts, for 20 total contracts. Current chain readings show implied volatility near 1.77 and put/call open-interest ratio around 2.22. Strike-level open interest is available in the full chain. View more details.ESG Sustainability

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Notable Updates

CEO	Michael Rechin
CEO Director	Mark CPA
Senior Vice President Director of Human Resources	Steven Harris
Finance Director, Senior Vice President	Michele Kawiecki
Business Concentration	Regional Banks, Banks - Regional, Financial Services, Financials, Banks, Banks—Regional, Financial Services (View all Sectors)
Average Analyst RecommendationFirst Merchants currently holds an analyst consensus score of 4.00 (Buy) across 6 published ratings. The consensus score remains broadly stable month over month. 4 of 6 analysts recommend buying. 6 Opinions
Financial Strength Latest disclosures for First Merchants show a Gross Profit Margin of 53.0%, an Operating Margin of 42.7%, and a Return On Assets of 1.2%. First Merchants financial framework integrates liquidity support with earnings capacity. Operating returns remain positive, suggesting ongoing earnings capacity. For financial institutions, capital adequacy, leverage ratios, and funding structure are central to financial strength assessment. Current Value Last Year Change From Last Year  10 Year Trend Return On Assets 0.0116 0.0119 Fairly Down Slightly volatile Asset Turnover 0.0704 0.0552 Significantly Up Pretty Stable Gross Profit Margin 0.53 0.6096 Fairly Down Slightly volatile Total Current Liabilities 8.3 B 7.9 B Sufficiently Up Slightly volatile Non Current Liabilities Total 9.1 B 8.6 B Sufficiently Up Slightly volatile Total Assets 20 B 19 B Sufficiently Up Slightly volatile Total Current Assets 1.3 B 1.6 B Significantly Down Very volatile Total Cash From Operating Activities 297.8 M 283.6 M Sufficiently Up Slightly volatile
Debt Levels Latest disclosures for First Merchants show $3.30 in Net Debt To EBITDA, a Debt To Equity of 0.39x, and $436.7 million in Long Term Debt. a Long Term Debt To Capitalization of 42.0% and $1.6 billion in Long Term Debt Total round out the capital structure view for First Merchants. Current Assets Latest disclosures for First Merchants show $0.02 in Intangibles To Total Assets, $20.0 billion in Total Assets, and a Return On Assets of 1.2%. a Return On Tangible Assets of 1.2% round out the key financial metrics view for First Merchants.

Earnings per Share Projection vs Actual

Top Institutional Holders

Institutional Holdings data for First Merchants shows how much of its outstanding equity is controlled by large financial organizations, pension funds, and endowments. These institutions can influence First Merchants' management decisions through large share ownership.

First Merchants Historical Income Statement

Financial indicators imply that Other Operating Expenses is moving in a deteriorating direction. Previously, Other Operating Expenses was valued at 791.09 Million. As of last week, Operating Income is projected to grow to approximately 272.1 M, whereas Net Income From Continuing Ops is moving lower toward about 146.4 M. View More Fundamentals

First Merchants Against Markets

Banks - Regional Financial Services