FRMEFirst Merchants Corporation

$41.67

Is the price fair?

What FRME's price assumes

First Merchants Corporation trades at 12.3× earnings against 13.3× for the median Banks - Regional name, cheaper than its own group.

12.3

Trailing P/E · Banks - Regional median 13.3 · cheaper than the typical name in its group

Price / sales
2.46

Price / sales · as of 2026-Q1

Price / book
0.88

Price / book · as of 2026-Q1

Details
Price / book2026-Q1
0.88
Financial Services median P/E375 names
14.1
Banks - Regional median P/E142 names
13.3
Market capitalisation
$2.57B
What the market has paid for these earnings: 37 quarters of its own multiple × $3.39 of trailing earnings per share
MethodPer share
Its own P/E history, lower quartile$30.10
Its own P/E history, median$33.09
Its own P/E history, upper quartile$36.75
52-week range$34.01 – $45.25
Today$41.67

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.