First Merchants Corporation

First Merchants Corporationverified

FRME

Price:

$37.6

Market Cap:

$2.17B

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquarte...[Read more]

Industry

Banks - Regional

IPO Date

1989-06-20

Stock Exchange

NASDAQ

Ticker

FRME

The Enterprise Value as of December 2025 (TTM) for First Merchants Corporation (FRME) is 3.09B

According to First Merchants Corporation’s latest financial reports and current stock price. The company's current Enterprise Value is 3.09B. This represents a change of -1.17% compared to the average of 3.13B of the last 4 quarters.

First Merchants Corporation (FRME) Historical Enterprise Value (quarterly & annually)

How has FRME Enterprise Value performed in the past?

The mean historical Enterprise Value of First Merchants Corporation over the last ten years is 2.44B. The current 3.09B Enterprise Value has changed 12.59% with respect to the historical average. Over the past ten years (40 quarters), FRME's Enterprise Value was at its highest in in the December 2022 quarter at 3.47B. The Enterprise Value was at its lowest in in the March 2016 quarter at 1.35B.

Quarterly (TTM)
Annual

Average

2.44B

Median

2.39B

Minimum

1.39B

Maximum

3.44B

First Merchants Corporation (FRME) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of First Merchants Corporation Enterprise Value, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 53.03%

Maximum Annual Enterprise Value = 3.44B

Minimum Annual Increase = -22.05%

Minimum Annual Enterprise Value = 1.39B

Quarterly (TTM)
Annual
YearEnterprise ValueChange
20243.10B15.63%
20232.68B-22.05%
20223.44B53.03%
20212.25B5.84%
20202.12B-17.61%
20192.58B17.97%
20182.18B-14.10%
20172.54B22.47%
20162.08B48.79%
20151.39B30.31%

First Merchants Corporation (FRME) Average Enterprise Value

How has FRME Enterprise Value performed in the past?

The current Enterprise Value of First Merchants Corporation (FRME) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

3.07B

5-year avg

2.72B

10-year avg

2.44B

First Merchants Corporation (FRME) Enterprise Value vs. Peers

How is FRME’s Enterprise Value compared to its peers?

First Merchants Corporation’s Enterprise Value is greater than First Financial Bancorp. (3.04B), greater than Banner Corporation (1.90B), greater than Enterprise Financial Services Corp (2.52B), greater than Hilltop Holdings Inc. (1.94B), greater than First Busey Corporation (2.17B), greater than First Bancorp (2.09B), greater than NBT Bancorp Inc. (2.13B), less than Customers Bancorp, Inc. (3.67B), greater than Trustmark Corporation (2.17B), greater than Stock Yards Bancorp, Inc. (1.90B),

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Frequently asked questions❓

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