FRME
FIRST MERCHANTS CORP
$42.09
+2.14%
$2.7B
No data for this timeframe.
Vol
Market Cap$2.7B
Cap SizeMid Cap
Inst. Holders50 funds
Inst. Value$1.2B
Inst. Activity14 buys / 4 sells
Insider Activity0B / 5S
Insider Net $-$726.1K
SEC Reports2
Press Releases1
Recent Activity
Jun 4, 2026
other
First Merchants Bank Recognized on Forbes’ World’s Best Banks 2026 List
First Merchants named to Forbes’ World’s Best Banks 2026, reflecting strong customer trust, service
May 19, 2026
Press
First Merchants Corporation declared a $0.37 per share quarterly cash dividend, payable June 19 to shareholders of recor
Impact 2/10
May 5, 2026
Insider
Myers Larry W sold 0.407 shares
First Vice President @ $40.54 ($16.50)
Apr 22, 2026
SEC
First Merchants Corporation reported Q1 2026 GAAP EPS of $0.45, missing consensus of $0.97, but adjusted EPS of $1.03 be
PRESS-RELEASE — Impact 6/10
Apr 2, 2026
SEC
First Merchants Corporation announced the date for its Q1 2026 earnings release and provided details for the upcoming co
PRESS-RELEASE — Impact 3/10
Mar 31, 2026
Insider
Johnson Kevin D was granted 564 shares
Director @ $38.73 ($21.8K)
Mar 31, 2026
Insider
RECHIN MICHAEL C was granted 625 shares
Director @ $38.73 ($24.2K)
Inst.
WELLINGTON MANAGEMENT GROUP LLP — DOUBLED
1,007,235 shares ($39.0M)
Price Targets
Historical data — last covering-analyst action Feb 2026. No current recommendation available.
$47.60 (Feb 2026)
Current $42.09
Low $45.00
Median $48.00
High $50.00
5 analysts
$45.00
$50.00
Analyst Ratings
2Strong Buy
7Buy
3Hold
0Sell
0Strong Sell
Historical Analyst Actions
| Date | Firm | Action | Rating |
|---|---|---|---|
| Feb 4, 2026 | Piper Sandler | MAINTAIN | Overweight → Overweight |
Earnings Estimates
| Period | EPS Est. | Range | Growth | # |
|---|---|---|---|---|
| Current Q | $1.02 ▼ -1.0% | $1.00 — $1.05 | 5% YoY | 6 |
| Next Q | $1.07 ▼ -1.1% | $1.04 — $1.09 | 8% YoY | 6 |
| Current FY | $4.24 ▲ +1.2% | $4.17 — $4.30 | 9% YoY | 6 |
| Next FY | $4.55 | $4.43 — $4.70 | 8% YoY | 6 |
Latest Reports
NEUTRAL
Press
2/10
First Merchants Corporation declared a $0.37 per share quarterly cash dividend, payable June 19 to shareholders of recor
May 19, 2026
MIXED
PRESS-RELEASE
6/10
First Merchants Corporation reported Q1 2026 GAAP EPS of $0.45, missing consensus of $0.97, but adjusted EPS of $1.03 be
Apr 22, 2026
NEUTRAL
PRESS-RELEASE
3/10
First Merchants Corporation announced the date for its Q1 2026 earnings release and provided details for the upcoming co
Apr 2, 2026
Top Institutional Holders
| Fund | Value | Move |
|---|---|---|
| BlackRock, Inc. | $189.8M | — |
| DIMENSIONAL FUND ADVISORS LP | $139.3M | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $130.1M | — |
| VANGUARD CAPITAL MANAGEMENT LLC | $105.8M | — |
| EARNEST PARTNERS LLC | $87.4M | — |
Recent Insider Trades
| Date | Insider | Type | Value |
|---|---|---|---|
| May 5, 2026 | Myers Larry | SELL | $16.50 |
| Mar 31, 2026 | Johnson Kevin | A | $21.8K |
| Mar 31, 2026 | RECHIN MICHAEL | A | $24.2K |
| Mar 31, 2026 | Sondhi Jason | A | $23.4K |
| Mar 31, 2026 | Lehman Gary | A | $21.8K |
50 institutional holders with $1.2B total value (31,504,318 shares) as of 2026-Q1. Top holders: BlackRock,, DIMENSIONAL, VANGUARD. Net buying activity: 14 institutions added/increased vs 4 reduced.
Top Institutional Holders — 2026-Q1
| # | Fund | Shares | Value | % of Tracked | Last Move |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 4,899,356 | $189.8M | 15.6% | — |
| 2 | DIMENSIONAL FUND ADVISORS LP | 3,596,017 | $139.3M | 11.4% | — |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3,359,034 | $130.1M | 10.7% | — |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 2,730,611 | $105.8M | 8.7% | — |
| 5 | EARNEST PARTNERS LLC | 2,255,590 | $87.4M | 7.2% | — |
| 6 | STATE STREET CORP | 2,239,768 | $86.7M | 7.1% | — |
| 7 | GOLDMAN SACHS GROUP INC | 1,137,185 | $44.0M | 3.6% | — |
| 8 | Nuveen, LLC | 1,043,323 | $40.4M | 3.3% | — |
| 9 | WELLINGTON MANAGEMENT GROUP LLP | 1,007,235 | $39.0M | 3.2% | DOUBLED +913.5% |
| 10 | VICTORY CAPITAL MANAGEMENT INC | 994,995 | $38.5M | 3.2% | — |
| 11 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 789,882 | $30.6M | 2.5% | — |
| 12 | FIRST TRUST ADVISORS LP | 725,259 | $28.1M | 2.3% | — |
| 13 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 719,425 | $27.9M | 2.3% | — |
| 14 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 433,049 | $16.8M | 1.4% | — |
| 15 | TWO SIGMA INVESTMENTS, LP | 405,552 | $15.7M | 1.3% | DOUBLED +102.6% |
| 16 | VANGUARD FIDUCIARY TRUST CO | 399,116 | $15.5M | 1.3% | — |
| 17 | FMR LLC | 370,935 | $14.4M | 1.2% | — |
| 18 | RAYMOND JAMES FINANCIAL INC | 344,643 | $13.2M | 1.1% | — |
| 19 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 328,017 | $12.7M | 1.0% | DOUBLED +252.0% |
| 20 | MetLife Investment Management, LLC | 315,967 | $12.2M | 1.0% | — |
Recent Position Changes
| Fund | Action | Prev Shares | Curr Shares | Change % | Value | Quarter |
|---|---|---|---|---|---|---|
| WELLINGTON MANAGEMENT GROUP LLP | DOUBLED | 99,379 | 1,007,235 | +913.5% | $39.0M | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ | ADD | 166,121 | 243,276 | +46.4% | $9.4M | 2026-Q1 |
| SEI INVESTMENTS CO | ADD | 111,136 | 147,699 | +32.9% | $5.7M | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | DOUBLED | 10,137 | 105,259 | +938.4% | $4.1M | 2026-Q1 |
| FRANKLIN RESOURCES INC | ADD | 55,678 | 89,763 | +61.2% | $3.5M | 2026-Q1 |
| Cerity Partners LLC | DOUBLED | 12,293 | 78,165 | +535.8% | $3.0M | 2026-Q1 |
| MARSHALL WACE, LLP | ADD | 46,629 | 64,324 | +37.9% | $2.5M | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. | DOUBLED | 5,840 | 37,175 | +536.6% | $1.4M | 2026-Q1 |
| Trexquant Investment LP | TRIM | 62,958 | 29,415 | -53.3% | $1.1M | 2026-Q1 |
| Brevan Howard Capital Management LP | DOUBLED | 5,709 | 13,040 | +128.4% | $505.0K | 2026-Q1 |
| TEACHER RETIREMENT SYSTEM OF TEXAS | TRIM | 17,883 | 12,402 | -30.6% | $480.3K | 2026-Q1 |
| FIFTH THIRD BANCORP | DOUBLED | 2,538 | 11,862 | +367.4% | $459.4K | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | NEAR_EXIT | 62,610 | 3,349 | -94.7% | $129.7K | 2026-Q1 |
| LOS ANGELES CAPITAL MANAGEMENT LLC | DOUBLED | 323 | 1,373 | +325.1% | $53.2K | 2026-Q1 |
| Rockefeller Capital Management L.P. | DOUBLED | 302 | 650 | +115.2% | $25.2K | 2026-Q1 |
| ASSETMARK, INC | DOUBLED | 111 | 441 | +297.3% | $17.1K | 2026-Q1 |
| HRT FINANCIAL LP | ADD | 33,637 | 67,168 | +99.7% | $2.6K | 2026-Q1 |
| Capital International Investors | EXIT | 1,346,300 | 0 | -100.0% | $0.00 | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC | TRIM | 163,412 | 112,011 | -31.5% | $4.2M | 2025-Q4 |
| Point72 Asset Management, L.P. | DOUBLED | 6,274 | 105,180 | +1576.4% | $3.9M | 2025-Q4 |
| Mariner, LLC | ADD | 58,016 | 80,087 | +38.0% | $3.0M | 2025-Q4 |
| STIFEL FINANCIAL CORP | DOUBLED | 8,349 | 75,539 | +804.8% | $2.8M | 2025-Q4 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | ADD | 53,377 | 71,984 | +34.9% | $2.7M | 2025-Q4 |
| TWO SIGMA INVESTMENTS, LP | DOUBLED | 32,249 | 65,339 | +102.6% | $2.4M | 2025-Q4 |
| Trexquant Investment LP | TRIM | 113,595 | 62,958 | -44.6% | $2.4M | 2025-Q4 |
19 unique insiders with 25 transactions. Net insider value: -$726.1K ($0.00 bought, $726.1K sold).
Insider Transactions
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| May 5, 2026 | Myers Larry W | First Vice President | SELL | 0.407 | $40.54 | $16.50 |
| Mar 31, 2026 | Johnson Kevin D | Director | AWARD | 564 | $38.73 | $21.8K |
| Mar 31, 2026 | RECHIN MICHAEL C | Director | AWARD | 625 | $38.73 | $24.2K |
| Mar 31, 2026 | Sondhi Jason R | Director | AWARD | 605 | $38.73 | $23.4K |
| Mar 31, 2026 | Lehman Gary | Director | AWARD | 564 | $38.73 | $21.8K |
| Mar 31, 2026 | KELLOGG CLARK C | Director | AWARD | 584 | $38.73 | $22.6K |
| Mar 31, 2026 | WOJTOWICZ JEAN L | Director | AWARD | 806 | $38.73 | $31.2K |
| Mar 31, 2026 | Becher Michael R | Director | AWARD | 625 | $38.73 | $24.2K |
| Mar 31, 2026 | Brooks Susan W | Director | AWARD | 584 | $38.73 | $22.6K |
| Mar 31, 2026 | Chiang Mung | Director | AWARD | 584 | $38.73 | $22.6K |
| Mar 31, 2026 | FISHER MICHAEL J | Director | AWARD | 564 | $38.73 | $21.8K |
| Mar 31, 2026 | Halderman Howard | Director | AWARD | 605 | $38.73 | $23.4K |
| Mar 23, 2026 | HARDWICK MARK K | Chief Executive Officer | AWARD | 33.434 | $36.54 | $1.2K |
| Mar 23, 2026 | FLUHLER STEPHAN | Chief Information Officer | AWARD | 217.383 | $36.54 | $7.9K |
| Feb 26, 2026 | Myers Larry W | First Vice President | SELL | 5,000 | $41.50 | $207.5K |
| Feb 26, 2026 | Myers Larry W | First Vice President | SELL | 5,000 | $41.50 | $207.5K |
| Feb 12, 2026 | Scurlock Eva D. | Chief Risk Officer | EXERCISE | 4,762 | $26.04 | $124.0K |
| Feb 12, 2026 | Scurlock Eva D. | Chief Risk Officer | TAX W/H | 3,810 | $41.64 | $158.6K |
| Feb 11, 2026 | FLUHLER STEPHAN | Chief Information Officer | SELL | 4,161 | $41.96 | $174.6K |
| Feb 8, 2026 | Harris Steven C | Chief Human Resources Officer | TAX W/H | 970 | $42.34 | $41.1K |
| Feb 8, 2026 | Kawiecki Michele | Chief Financial Officer | TAX W/H | 1,782 | $42.34 | $75.4K |
| Feb 8, 2026 | MARTIN JOHN | Chief Credit Officer | TAX W/H | 5,398 | $42.34 | $228.6K |
| Feb 8, 2026 | Peterson Joseph C | Chief Commercial Officer | TAX W/H | 1,789 | $42.34 | $75.7K |
| Feb 8, 2026 | FLUHLER STEPHAN | Chief Information Officer | TAX W/H | 1,795 | $42.34 | $76.0K |
| Feb 6, 2026 | Scurlock Eva D. | Chief Risk Officer | SELL | 3,227 | $42.29 | $136.5K |
2 SEC filing reports analyzed. Sentiment: 0 bullish, 0 bearish, 1 mixed, 1 neutral. Avg impact: 4.5/10.
Historical analyst distribution (last covering-analyst action Feb 2026): 75% buy across 12 analysts — 2 strong buy, 7 buy, 3 hold, 0 sell, 0 strong sell. No current recommendation available.
Analyst Price Targets
Historical data — last covering-analyst action Feb 2026. No current recommendation available.
$47.60 mean target (Feb 2026)
$45.00 Low
$50.00 High
| Metric | Value |
|---|---|
| Current Price | $42.09 |
| Target Low | $45.00 |
| Target Mean | $47.60 |
| Target Median | $48.00 |
| Target High | $50.00 |
| # Analysts | 5 |
| Recommendation | — (no recent coverage) |
Earnings Estimates & Revisions
| Period | EPS Avg | EPS Low | EPS High | EPS Growth | 30d Rev. | Up/Down | Rev. Avg | Rev. Growth | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| Current Q 2026-06-30 |
$1.02 | $1.00 | $1.05 | 4.6% | -1.0% | 1↑ 4↓ | $0.2B | 18.8% | 6 |
| Next Q 2026-09-30 |
$1.07 | $1.04 | $1.09 | 8.1% | -1.1% | 0↑ 3↓ | $0.2B | 19.4% | 6 |
| Current FY 2026-12-31 |
$4.24 | $4.17 | $4.30 | 8.9% | +1.2% | 3↑ 0↓ | $0.8B | 17.7% | 6 |
| Next FY 2027-12-31 |
$4.55 | $4.43 | $4.70 | 7.5% | +0.4% | 1↑ 3↓ | $0.9B | 5.4% | 6 |
Current Quarter EPS Revision History
| Timepoint | EPS Estimate | Change |
|---|---|---|
| Current | $1.025 | |
| 7d ago | $1.035 | -0.010 |
| 30d ago | $1.035 | -0.010 |
| 60d ago | $1.040 | -0.015 |
| 90d ago | $1.037 | -0.012 |
1 analyst firms have rated this stock: 0 upgrades, 0 downgrades, 0 initiations.
Historical Analyst Actions
| Date | Analyst Firm | Action | Previous Rating | New Rating |
|---|---|---|---|---|
| Feb 4, 2026 | Piper Sandler | MAINTAIN | Overweight | Overweight |
Monthly Consensus History
| Period | Strong Buy | Buy | Hold | Sell | Strong Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Jun 1, 2026 | 2 | 7 | 3 | 0 | 0 | 75% | |
| May 1, 2026 | 2 | 7 | 3 | 0 | 0 | 75% | |
| Apr 1, 2026 | 2 | 7 | 3 | 0 | 0 | 75% | |
| Mar 1, 2026 | 2 | 7 | 3 | 0 | 0 | 75% | |
| Feb 1, 2026 | 2 | 6 | 3 | 0 | 0 | 73% | |
| Jan 1, 2026 | 3 | 6 | 3 | 0 | 0 | 75% |
Strong BuyBuyHoldSellStrong Sell
No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.
No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.
Jun 4, 2026
other
First Merchants Bank Recognized on Forbes’ World’s Best Banks 2026 List
First Merchants named to Forbes’ World’s Best Banks 2026, reflecting strong customer trust, service excellence and digital strength across global surv
May 19, 2026
other
First Merchants Corporation Appoints Paul Fultz to Its Boards of Directors
<p align="justify">MUNCIE, Ind., May 19, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (the “Corporation”), a $21 billion financial holding c
May 19, 2026
dividend
First Merchants Corporation Announces Cash Dividend
<p align="justify">MUNCIE, Ind., May 19, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on May 19, 2026 of $0.37 per
Apr 22, 2026
earnings
First Merchants Corporation Announces First Quarter 2026 Results
<p>MUNCIE, Ind., April 22, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) (the "Corporation")</p>
Apr 22, 2026
earnings_calendar
FRME Q1 2026 Earnings Scheduled — 2026-04-22
Apr 16, 2026
dividend
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
<p align="justify">MUNCIE, Ind., April 16, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation has declared a quarterly cash dividend of $46.88 per
Apr 2, 2026
earnings
First Merchants Corporation to Report First Quarter 2026 Financial Results, Host Conference Call and Webcast
<p>MUNCIE, Ind., April 02, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq: FRME) will release its first quarter 2026 financial results