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First Merchants Corporation FRME Enterprise value

Enterprise value at other companies

JPMorgan Chase logo
JPMorgan ChaseJPM
$1.01T+35.9%
Fifth Third Bank logo
Fifth Third BankFITB
$58.03B+54.4%
Huntington Bancshares logo
Huntington BancsharesHBAN
$36.16B+42.5%
PNC Financial Services logo
PNC Financial ServicesPNC
$118.9B+28.0%
Customers Bancorp logo
Customers BancorpCUBI
-$751.56M-29.9%
Enterprise Financial Services logo
Enterprise Financial ServicesEFSC
$1.34B-0.9%

Other financials

Income statement

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Revenue$157.1M-2.0%
Net income$28.2M-49.1%
EPS (diluted)$0.45-52.1%

Balance sheet

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Cash & equivalents$98.1M+13.9%
Total debt$1.6B+22.5%
Total equity$2.7B+14.6%
Total assets$21.1B+14.3%

Cash flow

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Operating cash flow$58.6M-5.0%

Valuation

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Market cap$2.64B+3.7%
P/E13.3×+1.1×
P/S4×+0.1×

Profitability

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Net margin30.1%-1.8pp

Returns & leverage

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Return on equity7.9%-1.2pp
Debt / equity0.6×0.0×

Where this comes from

Calculated from First Merchants Corporation’s reported figures.

$2.5Bmarket cap+$1.6Btotal debt−$98.1Mcash and equivalents=$4B

The official record: First Merchants Corporation’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Merchants Corporation's enterprise value?
First Merchants Corporation (FRME) reported enterprise value of $4B in Q1 2026.
How has First Merchants Corporation's enterprise value changed year-over-year?
First Merchants Corporation's enterprise value increased by 10.4% year-over-year, from $3.62B to $4B.
What is the long-term trend for First Merchants Corporation's enterprise value?
Over 5 years (2020 to 2025), First Merchants Corporation's enterprise value has grown at a 4.2% compound annual growth rate (CAGR), from $2.53B to $3.1B.
What does enterprise value mean?
Market capitalization plus total debt minus cash, at the quarter end. The cost to acquire the whole business — what an buyer pays for equity and debt, net of the cash they'd inherit.