What is First Merchants Corporation's market cap?

First Merchants Corporation (FRME) has a market capitalization of $2.7B and trades on NASDAQ.

What is First Merchants Corporation's revenue and profitability?

First Merchants Corporation generated $691.5M in trailing twelve-month revenue with net income of $186.0M, representing a net margin of 26.9%. These figures are based on the Q2 2026 filing.

Who are First Merchants Corporation's competitors?

First Merchants Corporation's key competitors include JPMorgan Chase & Co., Fifth Third Bancorp, Huntington Bancshares, and others. These companies compete in similar markets and product categories.

Who does First Merchants Corporation partner with?

First Merchants Corporation's notable partners include Nasdaq.

What subsidiaries does First Merchants Corporation have?

First Merchants Corporation's subsidiaries include First Merchants Bank, First Merchants Private Wealth Advisors, First Savings Financial Group, Inc., and others.

Where is First Merchants Corporation headquartered?

First Merchants Corporation is headquartered in United States of America and employs approximately 2,162 people. It has been publicly traded since 1989.

First Merchants Corporation

FRME and FRMEP

First Merchants Corp is a financial holding company that provides comprehensive community banking and wealth management services across Indiana, Ohio, and Michigan.

Market cap

$2.7B+22.0%

Revenue$691.5M+5.1%

Net income$186.0M-17.6%

EPS (diluted)$3.11-19.4%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q2 2026 report

July 22, 2026

Revenue$202.5MMiss by $292.2K EPS$0.74Miss by $0.28

Read the full report

Next report

Oct 28, 2026 (in 3 months)

Revenue estimate$204.0M

EPS estimate$1.03

Financials

Q2 2026

Income statement

See full

Revenue$196.1M+19.3%

Net income$44.0M-22.6%

EPS (diluted)$0.70-28.6%

Balance sheet

See full

Total equity$2.7B+14.9%

Total assets$21.3B+14.8%

Valuation & ratios

Valuation

See full

Market cap$2.7B+22.0%

P/E14.5×+4.5×

P/S3.9×+0.5×

Profitability

See full

Net margin26.9%-7.4pp

Returns & leverage

See full

Return on equity7.4%-2.5pp

Competitors

By market cap

JPMorgan Chase$949.80B+16.3%

PNC Financial Services$100.39B+31.8%

Fifth Third Bank$52.4B+84.0%

Huntington Bancshares$35.0B+42.4%

First Merchants Corporation$2.7B+18.9%

First Mid Bancshares, Inc.$1.4B+49.9%

Midland States Bancorp$706.8M+86.0%

First Business Financial Services$574.3M+44.4%

By revenue growth

Huntington Bancshares+26.4%

Fifth Third Bank+23.8%

JPMorgan Chase+13.5%

First Mid Bancshares, Inc.+13.5%

PNC Financial Services+13.2%

First Business Financial Services+8.9%

First Merchants Corporation+5.1%

Midland States Bancorp-7.1%

By net margin

JPMorgan Chase32.63%+0.4pp

PNC Financial Services30.29%+1.9pp

First Business Financial Services29.84%+0.4pp

First Merchants Corporation26.89%-7.4pp

First Mid Bancshares, Inc.26.16%+1.2pp

Huntington Bancshares24.68%-2.8pp

Fifth Third Bank21.84%-5.1pp

Midland States Bancorp10.7%+31.1pp

Profile

First Merchants Corp is a financial holding company that provides comprehensive community banking and wealth management services across Indiana, Ohio, and Michigan. The company delivers a full spectrum of commercial and consumer financial solutions through its branch network and digital channels, emphasizing local decision-making and high-touch customer service. Its core value proposition centers on a 'whole-bank' delivery approach to meet diverse debt capital, treasury, and investment needs.

Competitive position

A leading regional community bank in the Midwest that differentiates itself through localized decision-making and a broad array of integrated financial products.

GeographiesIndiana, Ohio, Michigan, United States

Customer segmentsCommercial, Retail, Private Wealth

Business modelInterest Income, Fee-based Services, Asset Management

SuppliersFederal Reserve System, Technology Infrastructure Providers, Credit Rating Agencies, Deposit Insurance Systems

CustomersSmall and Mid-sized Businesses, Residential Homebuyers, Individual Savers, Corporate Treasury Departments

CountryUnited States of America

Listed1989

Employees2.2K

CEOMark K. Hardwick

SectorFinancial Services

IndustryBanks - Regional

Websitefirstmerchants.com

FilingsSEC EDGAR

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Questions, answered.

What is First Merchants Corporation's market cap?: First Merchants Corporation (FRME) has a market capitalization of $2.7B and trades on NASDAQ.
What is First Merchants Corporation's revenue and profitability?: First Merchants Corporation generated $691.5M in trailing twelve-month revenue with net income of $186.0M, representing a net margin of 26.9%. These figures are based on the Q2 2026 filing.
Who are First Merchants Corporation's competitors?: First Merchants Corporation's key competitors include JPMorgan Chase & Co., Fifth Third Bancorp, Huntington Bancshares, and others. These companies compete in similar markets and product categories.
Who does First Merchants Corporation partner with?: First Merchants Corporation's notable partners include Nasdaq.
What subsidiaries does First Merchants Corporation have?: First Merchants Corporation's subsidiaries include First Merchants Bank, First Merchants Private Wealth Advisors, First Savings Financial Group, Inc., and others.
Where is First Merchants Corporation headquartered?: First Merchants Corporation is headquartered in United States of America and employs approximately 2,162 people. It has been publicly traded since 1989.