First Merchants Corporation (FRME) Stock Score, Valuation & Financial Research
First Merchants Corporation is in the Financial Services sector and Banks - Regional industry. It is reviewed using Wall Street Score's company-strength, valuation, growth and financial-health framework. The current Wall Street Score is 53/100.
Quick answer for FRME
First Merchants Corporation currently has a Wall Street Score of 53/100. The stored market price is $41.51. Its financial score is 35/100. Its valuation score is 97/100. The latest WSS change is +0.1 points. These figures are a research snapshot, not a buy or sell recommendation.
What First Merchants Corporation does
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. Furtherm
FRME financial snapshot
- Wall Street Score:
- 53/100
- Current price:
- $41.51
- Market capitalization:
- $2.61B
- Revenue:
- $1.09B
- Net income:
- $186.0M
- Free cash flow:
- $283.6M
- Cash:
- $616.1M
- Total debt:
- $1.60B
- EPS:
- 3.13
- P/E ratio:
- 13.3x
- Financial score:
- 35/100
- Valuation score:
- 97/100
- Revenue score:
- 24/100
What stands out
- Reported year-over-year revenue growth is +0.0%.
- Free cash flow is $283.6M, showing positive cash generation.
- The balance sheet shows $616.1M of cash versus $1.60B of total debt, so leverage deserves attention.
- The latest Wall Street Score change is +0.1 points: FRME increased 0.1 points because overall fundamentals improved.
What the numbers mean
Its current valuation score is 97/100, which Wall Street Score classifies as strong within the model's valuation framework.
The financial score is 35/100. This is a starting point for reviewing liquidity, leverage and cash-flow strength rather than a stand-alone recommendation.
A strong company and an attractive stock price are not always the same thing. Revenue, earnings, free cash flow, debt, management quality, competitive advantage and valuation should be considered together. Wall Street Score organizes these inputs into a consistent research framework so investors can identify what deserves deeper review.
Data freshness: Financial data last refreshed 2026-09-08.
How to research FRME
Start by understanding how the company makes money. Then compare revenue and earnings trends, cash generation, debt, liquidity and valuation. Review the company's latest filings and earnings reports before acting on any score or model estimate.
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Data may change as company filings and market prices update. Educational research only; not a buy or sell recommendation.