First Merchants Corporation (FRME)

In the past six months, FRME's stock has trended up by 2.11%. In Q3 2025, First Merchants reported diluted EPS of $0.98, or an adjusted $0.99, surpassing analyst estimates, but revenue fell short, leading to a stock price dip. The company announced an all-stock acquisition of First Savings Financial Group, Inc., valued at approximately $241.3 million, expected to close in Q1 2026. In Q2 2025, First Merchants reported strong results with net income of $56.4 million and diluted EPS of $0.98. The company repurchased 162,474 shares totaling $6.5 million in Q3 2025. Analysts have issued price targets for FRME, with a median target of $46.00 to $47.60 and a consensus rating of "Moderate Buy."

The provided search results do not explicitly detail specific demand seasonality for First Merchants Corp.'s products and services. However, the company has demonstrated consistent loan and deposit growth, suggesting a relatively stable demand for its banking and financial services, though general economic cycles can influence banking activity.

First Merchants Corporation is a financial holding company based in Muncie, Indiana, operating in the Finance sector and Major Banks industry. It offers commercial and consumer banking services through First Merchants Bank and First Merchants Private Wealth Advisors. Its services include business checking accounts, financing options, commercial and industrial lending, equipment financing, lines of credit, commercial real estate solutions, SBA lending, checking and savings accounts, CDs, mortgages, home equity loans, vehicle loans, personal loans, electronic and mobile banking services, personal and commercial wealth management services, trust services, retirement planning, brokerage, investment management, private banking, fiduciary estate services, and financial planning.

First Merchants Corporation operates over 111 banking center locations across Indiana, Ohio, and Michigan, with a presence in Illinois. As of September 30, 2025, it had total assets of $18.8 billion. The company is expanding through the acquisition of First Savings Financial Group, Inc., which will add approximately $2.4 billion in assets and extend its reach into Southern Indiana and the Louisville metropolitan area.

First Merchants Corporation has a strong brand reputation. First Merchants Bank was ranked 48th in S&P Global Market Intelligence's 2023 Top 50 Public Banks list. The company has been honored by Forbes, Newsweek, American Banker, Comparably, and S&P Global Intelligence for its service and culture. First Merchants Bank was recognized as one of the "Best Places to Work in Indiana" and "Best Employers in Ohio". The company maintains a strong community bank model and reputation, particularly in Southern Indiana.

Major institutional investors in First Merchants Corp. include FIRST TRUST ADVISORS LP, NUVEEN, LLC, BLACKROCK, INC., QUBE RESEARCH & TECHNOLOGIES LTD, EDGESTREAM PARTNERS, L.P., and SEI INVESTMENTS CO. In Q2 2025, 125 institutional investors added FRME shares, while 112 decreased their positions.