SeekingAlpha · Aug 20, 2026
First Merchants: A Mid-Cap Midwest Bank With Earnings Stuck In Neutral
First Merchants remains a Hold due to stagnant earnings, missed Q2 2026 estimates, and rising asset quality concerns. Read more on FRME stock here.
FR
NASDAQ · FRME
First Merchants Corporation
Financial Services · Banks - Regional
$41.17
Down-$0.89 (-2.12%)
Updated Sep 9, 2026, 2:05 AM
SID Score
6.4/10
Composite research score
Smart Money
—
Institutional and insider signal
- Market cap
- 2.24B
- P/E ratio
- 9.55
- Dividend yield
- 3.47%
- 52-week range
- $34.66 – $45.33
- Volume
- 435.33K
- Avg. volume
- 319.7K
Price performance
FRME price history
1M range · 20 trading sessions · Daily adjusted prices
FRME closed at $41.17 after 20 trading sessions, down 3.74% for the selected period.
- Last close
- $41.17
- Period change
- -3.74%
- Period low
- $40.91
- Period high
- $43.70
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Sep 8, 2026 | $41.87 | $41.92 | $41.08 | $41.17 | 435.33K |
| Sep 4, 2026 | $41.58 | $42.18 | $41.47 | $42.06 | 439.59K |
| Sep 3, 2026 | $41.91 | $42.30 | $41.78 | $42.10 | 332.16K |
| Sep 2, 2026 | $41.11 | $42.06 | $40.96 | $41.67 | 681.66K |
| Sep 1, 2026 | $41.40 | $41.69 | $40.785 | $40.91 | 326.76K |
| Aug 31, 2026 | $41.79 | $41.8225 | $41.41 | $41.47 | 363.97K |
| Aug 28, 2026 | $41.74 | $42.10 | $41.665 | $41.93 | 398.44K |
| Aug 27, 2026 | $41.48 | $41.80 | $41.08 | $41.67 | 318.98K |
| Aug 26, 2026 | $41.58 | $41.825 | $41.39 | $41.68 | 316.64K |
| Aug 25, 2026 | $41.92 | $41.92 | $41.41 | $41.56 | 299.62K |
| Aug 24, 2026 | $42.03 | $42.52 | $41.84 | $41.92 | 238.18K |
| Aug 21, 2026 | $42.20 | $42.48 | $41.67 | $42.03 | 337.33K |
| Aug 20, 2026 | $41.85 | $42.09 | $41.60 | $41.94 | 284.93K |
| Aug 19, 2026 | $43.29 | $43.29 | $41.97 | $42.02 | 343.8K |
| Aug 18, 2026 | $43.67 | $43.7388 | $43.035 | $43.23 | 299.72K |
| Aug 17, 2026 | $43.63 | $43.85 | $43.34 | $43.52 | 279.56K |
| Aug 14, 2026 | $43.22 | $43.775 | $43.19 | $43.70 | 260.46K |
| Aug 13, 2026 | $43.42 | $43.61 | $43.185 | $43.37 | 299.5K |
| Aug 12, 2026 | $42.79 | $43.35 | $42.79 | $43.24 | 357.89K |
| Aug 11, 2026 | $42.50 | $42.96 | $42.37 | $42.77 | 349.34K |
Latest FRME news
The latest Smart Investors Daily articles mentioning FRME.
Stock researchCompany · Overview
FRME research
Overview
Company profile and research snapshot.
Company profile
First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment which is community banking.
Visit company websiteAnalyst outlook
Consensus and target data currently published for this company.
- Consensus
- —
- Average target
- $46.00
- Implied upside
- —
- Analysts
- —
| Date | Firm | Rating | Target |
|---|---|---|---|
| Jun 26, 2026 | Piper Sandler | Overweight | — |
| Feb 4, 2026 | Piper Sandler | Overweight | — |
| Oct 27, 2025 | Piper Sandler | Overweight | — |
| Sep 29, 2025 | Stephens & Co. | Equal-Weight | — |
| Sep 26, 2025 | Raymond James | Market Perform | — |
News briefing
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Yahoo · Aug 13, 2026
Regional Banks Stocks Q2 Highlights: First Merchants (NASDAQ:FRME)
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at regional banks stocks, starting with First Merchants (NASDAQ:FRME).
Yahoo · Jul 31, 2026
Does First Merchants (FRME) Still Look Cheap After Its Earnings Miss?
First Merchants stock has delivered a 50.3% return over the past three years, yet current valuation checks suggest the market price may still sit at a discount to an intrinsic value estimate based on the Excess Returns model. Over the past three years, First Merchants has returned 50.3%, which puts more focus on whether the current share price properly reflects the underlying fundamentals. Recent earnings underperformance and credit quality issues can weigh on sentiment. At the same time,...
Benzinga · Jul 23, 2026
Transcript: First Merchants Q2 2026 Earnings Conference Call
First Merchants (NASDAQ:FRME) held its second-quarter earnings conference call on Thursday. Below is the complete transcript from the call. Benzinga APIs provide real-time access to earnings call transcripts and
AI research layers
Interpretive context generated from the platform’s current data sources.
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