Connect your AI

First Merchants Corporation FRME Price / book

Price / book at other companies

JPMorgan ChaseJPM

2.2×+0.2×

Fifth Third BankFITB

1.2×0.0×

Huntington BancsharesHBAN

1×-0.1×

PNC Financial ServicesPNC

1.3×+0.1×

Customers BancorpCUBI

1.1×+0.3×

Enterprise Financial ServicesEFSC

1×-0.1×

Other financials

Income statement

Revenue$157.1M-2.0%

Net income$28.2M-49.1%

EPS (diluted)$0.45-52.1%

Balance sheet

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

Operating cash flow$58.6M-5.0%

Valuation

Market cap$2.64B+3.7%

Enterprise value$4.19B+10.4%

P/E13.3×+1.1×

P/S4×+0.1×

Profitability

Net margin30.1%-1.8pp

Returns & leverage

Return on equity7.9%-1.2pp

Debt / equity0.6×0.0×

Where this comes from

Calculated from First Merchants Corporation’s reported figures.

market cap/total stockholders equity=0.9×

Based on the most recent quarter.

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

Ask your AI about First Merchants Corporation's price / book.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Harbor at dusk

Questions, answered.

What is First Merchants Corporation's price / book?: First Merchants Corporation (FRME) reported price / book of 0.9× in Q1 2026.
How has First Merchants Corporation's price / book changed year-over-year?: First Merchants Corporation's price / book decreased by 9.5% year-over-year, from 1× to 0.9×.
What is the long-term trend for First Merchants Corporation's price / book?: Over 5 years (2020 to 2025), First Merchants Corporation's price / book has grown at a -4.0% compound annual growth rate (CAGR), from 1.1× to 0.9×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.