First Merchants Corporation (FRME)
First Merchants Corporation operates in the Banks - Regional industry of the Financial Services sector, headquartered in Muncie, IN, US. The stock last traded at $43.20, up 1.01% on the session, giving a market capitalisation of $2.71B. On trailing twelve-month figures it carries a trailing P/E of 13.80, a net margin of 17.1%. Its beta of 0.85 implies it has historically moved less than the broad market.
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, repurchase agreements, and other specialized financial services. The company maintains a network of 109 physical banking locations situated across counties in Indiana, Illinois, Ohio, and Michigan. Furthermore, it offers convenient access to its services via electronic and mobile platforms. First Merchants Corporation was established in 1893 and is headquartered in Muncie, Indiana.
First Merchants Corporation is most often compared with the following Financial Services names: