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First Merchants Corp

corporate_fare Company Profile

First Merchants Corp

FRME·NASDAQ·Finance·CIK 0000712534

First Merchants Corporation is a financial holding company organized in September 1982 and headquartered in Muncie, Indiana. The company operates through its single full-service bank charter, First Merchants Bank, which began operations in Muncie, Indiana in March 1893. First Merchants Bank includes 111 banking locations across Indiana, Ohio, and Michigan, supplemented by electronic and mobile delivery channels. The Corporation's business activities are concentrated in one significant segment: community banking. Through the Bank, it provides a wide array of commercial and consumer banking services. The commercial banking team offers debt capital, treasury management services, and depository products. The consumer banking group provides various consumer deposit and lending products. The mortgage banking team delivers consumer mortgage solutions for purchasing, refinancing, constructing, or renovating residential properties. Additionally, First Merchants Private Wealth Advisors, a division of First Merchants Bank, offers personal wealth management services, including investment management, private banking, fiduciary estate, and financial planning. As of December 31, 2025, the Corporation reported consolidated assets of $19.0 billion, consolidated deposits of $15.3 billion, and stockholders' equity of $2.5 billion. On February 1, 2026, the Corporation completed the acquisition of First Savings Financial Group, Inc., with First Savings Bank merging into First Merchants Bank.

First Merchants Corp (NASDAQ:FRME) is a publicly traded company in the Finance sector. Wiseek has independently scored 15 items for FRME at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-10-01, rated 7/10. Across its 15 most recent items scored 7 or higher, the top rating is 8/10, with 9 rated 8 or above. Recent SEC coverage for FRME spans 8-K, 10-Q, 10-K.

Recent high-impact activity:

  • First Merchants CEO Mark Hardwick to Retire; Mike Stewart Named Successor Effective Jan 1, 2027
  • First Merchants Q2 EPS Misses by 28% as Two Commercial Credits Drive $33M Provision
  • First Merchants Q2 EPS Misses by 28% as Credit Costs Surge
  • Credit Deterioration Drives 28% EPS Miss for First Merchants in Q2
  • First Merchants Bank Commits $2 Billion to New 5-Year Community Benefits Agreement

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
$662.95M
Net Income
$226M
Diluted EPS
$3.88
Op. Cash Flow
$283.65M
Cash & Equivalents
$84.16M
Debt / Equity
0.00×
Net Margin
34.1%
Shares Outstanding
56.95M sh
Source: 10-K · filed 2026-02-25 · accession 0000712534-26-000022

Short Interest & Short Volume

5.88 days to cover

FINRA reported short interest of 2,369,830 shares in FRME as of the September 15, 2026 settlement, a 27.8% increase from the prior period — about 5.9 days to cover at its recent average daily volume. On October 2, 2026, 34.6% of FRME volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)2,369,830 shares as of September 15, 2026
Change vs prior period▲ 27.8%
Days to cover5.88 at avg daily volume of 403,299
Daily short volume (FINRA facilities)34.6% of 187,055 shares on October 2, 2026
5-day average short volume35.9%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Dilution Risk

Low risk

Filing-implied dilution signals for FRME, detected from its recent SEC filings · based on capital-structure filings through 2026-09-24.

1 recent capital raise1 shelf registration

Universal Shelf Registration Filed · No Immediate Dilution

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$40.15
52-week range · as of 2026-10-01 $34.66 – $45.33
Market cap
$2.52B
Volume
815.3K (1.7× avg)
3-mo avg 477.5K
Live data · 2026-10-04 08:58 UTC · Market closed

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feed FRME - Latest Insights

FRME
Oct 01, 2026, 8:12 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $39.68
Real-time Price: $40.15 info
Change: +$0.470 (+1%) info
Market Cap: $2.521B info
FRME
Jul 31, 2026, 12:31 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $43.14
Real-time Price: $40.15 info
Change: -$2.99 (-7%) info
Market Cap: $2.521B info
FRME
Jul 22, 2026, 4:23 PM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $43.75
Real-time Price: $40.15 info
Change: -$3.60 (-8%) info
Market Cap: $2.521B info
FRME
Jul 22, 2026, 4:12 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $43.75
Real-time Price: $40.15 info
Change: -$3.60 (-8%) info
Market Cap: $2.521B info
FRME
Jun 25, 2026, 2:30 PM EDT
Source: GlobeNewswire
Importance Score:
7
Price at Filing: $43.15
Real-time Price: $40.15 info
Change: -$3.00 (-7%) info
Market Cap: $2.521B info
FRME
Jun 24, 2026, 4:13 PM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $42.60
Real-time Price: $40.15 info
Change: -$2.45 (-6%) info
Market Cap: $2.521B info
FRME
Jun 24, 2026, 4:12 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $42.60
Real-time Price: $40.15 info
Change: -$2.45 (-6%) info
Market Cap: $2.521B info
FRME
May 01, 2026, 4:20 PM EDT
Filing Type: 10-Q
Importance Score:
7
Price at Filing: $40.42
Real-time Price: $40.15 info
Change: -$0.270 (-0.67%) info
Market Cap: $2.521B info
FRME
Apr 22, 2026, 4:23 PM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $40.37
Real-time Price: $40.15 info
Change: -$0.220 (-0.54%) info
Market Cap: $2.521B info
FRME
Apr 22, 2026, 4:19 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $40.37
Real-time Price: $40.15 info
Change: -$0.220 (-0.54%) info
Market Cap: $2.521B info
FRME
Feb 25, 2026, 1:22 PM EST
Filing Type: 10-K
Importance Score:
8
Price at Filing: $40.99
Real-time Price: $40.15 info
Change: -$0.840 (-2%) info
Market Cap: $2.521B info
FRME
Feb 09, 2026, 11:09 AM EST
Filing Type: 8-K
Importance Score:
7
Price at Filing: $42.29
Real-time Price: $40.15 info
Change: -$2.14 (-5%) info
Market Cap: $2.521B info
FRME
Feb 02, 2026, 8:04 AM EST
Filing Type: 8-K
Importance Score:
8
Price at Filing: $39.76
Real-time Price: $40.15 info
Change: +$0.3925 (+0.99%) info
Market Cap: $2.521B info
FRME
Jan 26, 2026, 4:08 PM EST
Filing Type: 8-K
Importance Score:
7
Price at Filing: $38.01
Real-time Price: $40.15 info
Change: +$2.14 (+6%) info
Market Cap: $2.521B info
FRME
Jan 16, 2026, 9:08 AM EST
Filing Type: 8-K
Importance Score:
8
Price at Filing: $37.85
Real-time Price: $40.15 info
Change: +$2.30 (+6%) info
Market Cap: $2.521B info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets