First Merchants Corporation FRME Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Net margin | 30.1%-4.0pp | 34.1%-0.8pp | 34.9%+0.6pp | 34.3%+2.4pp | 32%+0.8pp | |
| Returns | ||||||
| Return on equity | 7.9%-1.5pp | 9.5%-0.4pp | 9.9%0.0pp | 9.9%+0.7pp | 9.2%+0.3pp | |
| Return on assets | 1%-0.2pp | 1.2%0.0pp | 1.3%0.0pp | 1.2%+0.1pp | 1.1%0.0pp | |
| Efficiency | ||||||
| Asset turnover | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.6×+0.2× | 0.4×-0.1× | 0.5×0.0× | 0.5×-0.1× | 0.6×+0.1× | |
| Debt-to-assets | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Per Share | ||||||
| Book value per share | $43.81+2.5% | $42.73+1.8% | $41.99+3.3% | $40.64+1.5% | $40.04+1.7% | |
| Valuation | ||||||
| Market capitalization | $2.46B+13.3% | $2.17B-0.6% | $2.18B+0.4% | $2.17B-8.2% | $2.37B+1.1% | |
| Enterprise value | $4B+29.0% | $3.1B-5.1% | $3.27B+0.6% | $3.25B-10.3% | $3.62B+5.5% | |
| Price / earnings | 12.3×+2.8× | 9.6×+0.2× | 9.3×-0.3× | 9.6×-1.7× | 11.3×-0.3× | |
| Price / sales | 3.7×+0.5× | 3.3×0.0× | 3.3×0.0× | 3.3×-0.3× | 3.6×0.0× | |
| Price / book | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | 0.9×-0.1× | 1×0.0× | |
| EV / sales | 6.1×+1.4× | 4.7×-0.2× | 4.9×0.0× | 4.9×-0.6× | 5.5×+0.2× | |
| Earnings yield | 8.1%-2.3pp | 10.4%-0.3pp | 10.7%+0.3pp | 10.4%+1.6pp | 8.8%+0.2pp | |
| Dividend yield | 3.5%-0.4pp | 3.8%0.0pp | 3.8%0.0pp | 3.8%+0.3pp | 3.5%0.0pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do First Merchants Corporation's ratios come from?
- Every ratio is computed from First Merchants Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
