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Friday 6 November 2026 Export FRME’s income statement to Excel — free account

First Merchants Corporation

FRME Financial Banks Regional

First Merchants Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, down 2.04% from fiscal 2024.

Revenue
+12.9%
EPS
+11.2%
Free cash flow
−10.5%
Total debt
+27.1%

Quarter to September 2026, against a year earlier

41.09 0.80 −1.91%
Market cap
$2.6B
P/E
12.7×
Fwd P/E
12.5×
Dividend yield
3.55%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

First Merchants Corporation (FRME) Book value per share

Alert me on Book value per share

First Merchants Corporation's book value per share at the end of fiscal 2025 was 42.9×, up 8.61% from 39.5× in fiscal 2024. At the end of the quarter to 30 September 2026 it was 42.2×. Over the past ten years it has ranged from 22.1× (fiscal 2016) to 42.9× (fiscal 2025) — the current reading is the highest in ten years. First Merchants Corporation ranks 74th of 326 Banks Regional companies by book value per share.

Book value per share, annual

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Annual newest first

Period Book value per share Change
FY2025 42.9× 8.61%
FY2024 39.5× 4.29%
FY2023 37.9× 7.46%
FY2022 35.3× (0.82%)
FY2021 35.6× 2.49%
FY2020 34.7× (0.15%)
FY2019 34.7× 21.55%
FY2018 28.6× (0.91%)
FY2017 28.8× 30.44%
FY2016 22.1× (1.66%)

Quarterly newest first

Period Book value per share Change
Sep 2026 42.2× (2.45%)
Jun 2026 43.3× (1.60%)
Mar 2026 44.0× 2.51%
Dec 2025 42.9× 2.23%
43 more quarters

Against its own ten years

Low 22.1× High 42.9×
Ten-year median 34.7×
Current reading's percentile 100

Book value per share against peers

Company Book value per share
BANR Banner Corporation compare 61.2×
BOH Bank of Hawaii Corporation compare 46.4×
FRME First Merchants Corporation 42.2×
FBNC First Bancorp compare 41.6×
SYBT Stock Yards Bancorp, Inc. compare 40.9×
FBK FB Financial Corporation compare 38.7×
NBTB NBT Bancorp Inc. compare 37.5×
TRMK Trustmark Corporation compare 36.1×
BBT Beacon Financial Corporation compare 30.1×

What Book value per share is

BV per Share tells an investor how much of a company’s accounting net worth stands behind each share.

(Shareholders Equity (Total) ÷ Shares (Basic, Weighted))

The full definition of Book value per share →

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