FRME Stock Summary and Trading Ideas (First Merchants | NASDAQ:FRME)

First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment which is community banking.

First Merchants trades on the NASDAQ stock market under the symbol FRME.

As of January 26, 2026, FRME stock price declined to $38.01 with 383,432 million shares trading.

FRME has a beta of 0.73, meaning it tends to be less sensitive to market movements. FRME has a correlation of 0.21 to the broad based SPY ETF.

FRME has a market cap of $2.20 billion. This is considered a Mid Cap stock.

Last quarter First Merchants reported $166 million in Revenue and $.99 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.03.

In the last 3 years, FRME traded as high as $46.13 and as low as $24.52.

The top ETF exchange traded funds that FRME belongs to (by Net Assets): VTI, IWM, VB, VBR, VXF.

FRME has underperformed the market in the last year with a price return of -0.8% while the SPY ETF gained +14.8%. However, in the short term, FRME had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.4% vs +3.4% return in SPY. But in the last 2 weeks, FRME shares have been beat by the market, returning -0.3% compared to an SPY return of -0.2%.

FRME support price is $37.43 and resistance is $38.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FRME shares will trade within this expected range on the day.