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First Merchants Corporation (FRMEP)

Financial Services | Banks - Regional | Muncie, United States | NasdaqGS
25.88 USD -0.01 (-0.019%) ⇩ (April 21, 2026, 4 p.m. EDT)

Short-term:★★★☆☆Long-term:★★★☆☆Dividends:★★★☆☆
Hot Take | April 18, 2026, 11:35 p.m. EDT

First Merchants presents a classic defensive high-yield value trap. The 7.22% yield is attractive but diluted by a price collapse against book value and shrinking fundamentals (negative earnings and revenue growth). Recent trading shows extremely low liquidity (avg volume <100 shares) and a flat, unconvincing technical setup near the 50/200-day averages, whereas the year-to-date low between April 13-17 suggests distribution rather than a bounce, making it unsuitable for capital growth despite the income.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.008355
AutoETS0.008778
MSTL0.009264
AutoARIMA0.009887

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 63%
H-stat 1.77
Ljung-Box p 0.000
Jarque-Bera p 0.176
Excess Kurtosis -0.32
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-04-29
Last Dividend Date 2026-01-29
Revenue per Share 11.168
Trailing P/E 6.79
Beta 0.88
Profit Margins 35.22%
Website https://www.firstmerchants.com

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.82% 7.54% 8.28% 8.71%
Dividend History
Date Dividend Yield %
2026-01-30 0.469 1.824903
2025-10-31 0.469 1.847813
2025-07-30 0.469 1.934771
2025-04-30 0.469 1.929121
2025-01-31 0.469 1.984270
2024-10-31 0.469 1.985339
2024-07-30 0.469 2.063970
2024-04-29 0.469 2.133316
2024-01-30 0.469 2.156968
2023-10-30 0.469 2.278237
2023-07-28 0.469 2.295792
2023-04-27 0.469 2.402426
2023-01-30 0.469 2.239975
2022-10-28 0.469 2.351714
2022-07-28 0.469 2.352424
2022-04-28 0.469 2.338908
2022-01-28 0.469 2.327691
2021-10-28 0.469 2.319892
2021-07-29 0.469 2.358173
2021-04-29 0.469 2.442738
2021-01-28 0.469 2.575408
2020-10-29 0.479 2.789855
Additional Data
dividendRate 1.88
dividendYield 7.25
exDividendDate 2026-04-30
trailingAnnualDividendRate 1.43
trailingAnnualDividendYield 0.05524435
lastDividendValue 0.469
lastDividendDate 2026-01-30
dividendDate 2026-02-16

Info Dump

Attribute Value
52 Week Change 0.030254722
Address1 200 East Jackson Street
All Time High 29.54
All Time Low 21.635
Ask 26.15
Ask Size 2
Average Daily Volume10 Day 480
Average Daily Volume3 Month 598
Average Volume 598
Average Volume10Days 480
Beta 0.883
Bid 25.55
Bid Size 1
Book Value 42.87
City Muncie
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 25.88
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 25.88
Day Low 25.88
Display Name First Merchants
Dividend Date 1,771,200,000
Dividend Rate 1.88
Dividend Yield 7.25
Earnings Call Timestamp End 1,745,506,800
Earnings Call Timestamp Start 1,745,506,800
Earnings Growth -0.109
Earnings Quarterly Growth -0.113
Earnings Timestamp End 1,753,705,800
Earnings Timestamp Start 1,753,273,800
Ebitda Margins 0.0
Enterprise To Revenue 3.746
Enterprise Value 2,403,840,256
Eps Trailing Twelve Months 3.81
Esg Populated 0
Ex Dividend Date 1,777,507,200
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 25.80476
Fifty Day Average Change 0.07523918
Fifty Day Average Change Percent 0.0029157095
Fifty Two Week Change Percent 3.0254722
Fifty Two Week High 27.09
Fifty Two Week High Change -1.210001
Fifty Two Week High Change Percent -0.044665966
Fifty Two Week Low 25.0
Fifty Two Week Low Change 0.87999916
Fifty Two Week Low Change Percent 0.035199966
Fifty Two Week Range 25.0 - 27.09
Financial Currency USD
First Trade Date Milliseconds 1,597,757,400,000
Float Shares 62,247,241
Full Exchange Name NasdaqGS
Full Time Employees 2,086
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Gross Profits 641,697,024
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 7.112
Industry Banks - Regional
Industry Disp Banks - Regional
Industry Key banks-regional
Ipo Expected Date 2,022-04-01
Ir Website https://www.firstmerchants.com/InvestorRelations
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,769,731,200
Last Dividend Value 0.469
Last Fiscal Year End 1,767,139,200
Long Business Summary First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products. It also provides personal and commercial wealth management services, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
Long Name First Merchants Corporation
Market us_market
Market State PRE
Max Age 86,400
Message Board Id finmb_272220
Most Recent Quarter 1,767,139,200
Net Income To Common 224,126,000
Next Fiscal Year End 1,798,675,200
Open 25.88
Operating Cashflow 283,646,016
Operating Margins 0.42695
Phone 765 747 1500
Previous Close 25.885
Price Hint 2
Price To Book 0.60368556
Profit Margins 0.35219002
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.005001068
Regular Market Change Percent -0.019320332
Regular Market Day High 25.88
Regular Market Day Low 25.88
Regular Market Day Range 25.88 - 25.88
Regular Market Open 25.88
Regular Market Previous Close 25.885
Regular Market Price 25.88
Regular Market Time 1,776,801,600
Regular Market Volume 156
Return On Assets 0.01211
Return On Equity 0.09473
Revenue Growth -0.046
Revenue Per Share 11.168
Sand P52 Week Change 0.3140242
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Short 245
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 1,182
Short Name First Merchants Corporation - D
Short Ratio 1.9
Source Interval 15
State IN
Symbol FRMEP
Total Cash 328,926,016
Total Cash Per Share 5.189
Total Debt 1,067,036,992
Total Revenue 641,697,024
Tradeable 0
Trailing Annual Dividend Rate 1.43
Trailing Annual Dividend Yield 0.05524435
Trailing Eps 3.81
Trailing P E 6.7926507
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 25.744064
Two Hundred Day Average Change 0.13593483
Two Hundred Day Average Change Percent 0.0052802395
Type Disp Equity
Volume 156
Website https://www.firstmerchants.com
Zip 47,305-2814