First Merchants Corporation

First Merchants Corporation - Enterprise Valueverified

FRME

Price:

$40.72

Market Cap:

$2.57B

First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank. This institution delivers a full spectrum of community banking solutions. It accepts various types of deposits, including term, savings, and checking accounts. The company also extends a wide array of lending products, such as consumer, commercial, agricultural business, and real estate mortgage loans, in addition to public finance options. Beyond standard banking, First Merchants provides personal and corporate trust services, brokerage capabilities, and private wealth management. Its corporate offerings further include letters of credit, repurc...[Read more]

Industry

Banks - Regional

IPO Date

1989-06-20

Stock Exchange

NASDAQ

Ticker

FRME

The Enterprise Value as of June 2026 (TTM) for First Merchants Corporation (FRME) is 4.11B

According to First Merchants Corporation’s latest financial reports and current stock price. The company's current Enterprise Value is 4.11B. This represents a change of 25.37% compared to the average of 3.28B 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 2.60B. The current 4.11B Enterprise Value has changed 15.70% with respect to the historical average. Over the past ten years (40 quarters), FRME's Enterprise Value was at its highest in in the March 2026 quarter at 3.91B. The Enterprise Value was at its lowest in in the June 2016 quarter at 1.37B.

Quarterly (TTM)
Annual

Average

2.60B

Median

2.56B

Minimum

2.08B

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 = 2.08B

Quarterly (TTM)
Annual
YearEnterprise ValueChange
20253.08B-0.60%
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%

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

2.95B

5-year avg

2.91B

10-year avg

2.60B

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. (4.08B), greater than Banner Corporation (2.25B), greater than Enterprise Financial Services Corp (2.43B), greater than Hilltop Holdings Inc. (2.65B), greater than First Busey Corporation (2.88B), greater than First Bancorp (2.47B), greater than NBT Bancorp Inc. (2.44B), less than Customers Bancorp, Inc. (4.38B), greater than Trustmark Corporation (3.04B), greater than Stock Yards Bancorp, Inc. (2.50B),

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