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First Merchants Corporation FRME Price / sales

Price / sales at other companies

JPMorgan ChaseJPM

4.2×+0.5×

Fifth Third BankFITB

4.3×+1.3×

Huntington BancsharesHBAN

3.6×+0.7×

PNC Financial ServicesPNC

3.5×+0.3×

Customers BancorpCUBI

2.6×+0.3×

Enterprise Financial ServicesEFSC

2.6×-0.4×

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×

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 revenue=3.7×

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 →

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Questions, answered.

What is First Merchants Corporation's price / sales?: First Merchants Corporation (FRME) reported price / sales of 3.7× in Q1 2026.
How has First Merchants Corporation's price / sales changed year-over-year?: First Merchants Corporation's price / sales increased by 2.7% year-over-year, from 3.6× to 3.7×.
What is the long-term trend for First Merchants Corporation's price / sales?: Over 5 years (2020 to 2025), First Merchants Corporation's price / sales has grown at a -4.4% compound annual growth rate (CAGR), from 4.1× to 3.3×.
What does price / sales mean?: Market capitalization at the quarter end divided by trailing-twelve-month revenue. The price the market pays for each dollar of sales.