First Merchants Corporation - Common Stock (FRME)
Financial Services › National Commercial Banks
Price History
Feb 9, 2026 — May 7, 2026Investment Snapshot
- Trading 25% below Graham Number ($54.63) — significant margin of safety
- Piotroski F-Score 3/9 — signs of financial weakness
- ROE of 7.4% — below-average profitability
- Dividend yield of 3.5%
First Merchants Corporation - Common Stock (FRME) is a Financial Services company operating in National Commercial Banks, listed on the NASDAQ , with a market capitalisation of $2.6 billion . Key value metrics: P/E ratio 13.0, P/B ratio 0.96, Piotroski F-Score 3 out of 9 .
Value Score
Key Metrics
Current vs 5-Year Average
Based on 5 years of SEC filingsRevenue & Net Income
Financial Statements
| Metric | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | $X.XB | $X.XB | $X.XB |
| Gross Profit | $X.XB | $X.XB | $X.XB |
| Operating Income | $X.XB | $X.XB | $X.XB |
| Net Income | $X.XB | $X.XB | $X.XB |
| EBITDA | $X.XB | $X.XB | $X.XB |
| Total Assets | $X.XB | $X.XB | $X.XB |
| Total Liabilities | $X.XB | $X.XB | $X.XB |
First Merchants Corporation - Common Stock — Fundamental Analysis Summary
First Merchants Corporation - Common Stock (FRME) is trading 25% below its Graham Number of $54.63 — a significant margin of safety by Benjamin Graham's standard. The stock carries a reasonable trailing P/E ratio of 13.0x.
On financial health, FRME shows a weak Piotroski F-Score of 3/9, a signal of deteriorating financial health, and modest return on equity of 7.4% (sector average: 4.9%), and high leverage with a debt-to-equity ratio of 6.71.
StockPik's composite Value Score for FRME is 75/100 — placing it in undervalued territory. The score is built from ten fundamental signals: P/E, P/B, PEG ratio, P/S ratio, return on equity, gross margin, debt-to-equity, current ratio, dividend yield, and Piotroski F-Score.
FRME shows earnings growing at 12%.
FRME pays a solid dividend yield of 3.5%.