FRME — Stock Film
STOCK FILMSCENE 1/11FRME · $41.11
Stock Expert AI presents
FRME
First Merchants Corporation
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
First Merchants Corporation. What it actually does.

Provide community banking services including savings and demand deposits. Offer a range of consumer and commercial loans, including mortgages. Now — the numbers.

on the stock market since 1989
2,086 employees
$2.6B market value
WHERE DOES THE MONEY COME FROM?
38%Fiduciary and Trust
Fiduciary and TrustDeposit Account 36%Credit Card 21%Derivative Hedging 4%Financial Service, Other 2%
38% of all revenue comes from a single line: Fiduciary and Trust.

Revenue is spread across several business lines; no single line carries the company.

Revenue last year:
$1.1B
The net profit left over:
$226M
Out of every $100 of revenue, $22 stays as net profit.
THE SLICE THAT TURNS INTO PROFIT: 22%

This is an established company with proven profits.

THE SALES TREND
Sales are growing overall, with a pause along the way.

Average growth of 17% a year over the last 4 years. Every year shown ended in profit.

$556M
2021
2022
2023
2024
$1.1B
2025
THE PRICE TAG
MARKET VALUE / ANNUAL PROFIT
11.4×

The market pays 11.4× for every dollar of annual profit — cheap, which is either an opportunity or a warning.

Against companies in its own sector, it looks cheaper than 95% of them.

Analysts' average target sits 14% above today's price.

INSIDE THE REPORT CARD

We compared this company with its own sector across five subjects.

A score of 50 means class average.

BUSINESS QUALITY
68
strong

Clearly above the class average — a step short of the very top.

FINANCIAL STRENGTH
28
very weak

For a bank, strength is measured by capital buffers and reserves — not cash minus debt.

VALUATION
95
very strong

The price looks reasonable next to what the company earns.

GROWTH
74
strong

Clearly above the class average — a step short of the very top.

PRICE MOMENTUM
50
average

The price is looking for direction — no strong breakout, no collapse.

WORTH WATCHING

Financial Strength: The capital buffer looks thin next to its class; less room to absorb a rough stretch.

THE FIVE-YEAR JOURNEY
Trading below its recent peak.

The stock trades below its recent peak — about 10% off the top. A pullback, not a collapse.

1
THE BRIGHT SIDE · 1/3
A fat but narrowing margin

The net profit margin is 22% — still a thick cushion, though costs have been eating into it lately.

2
THE BRIGHT SIDE · 2/3
Sales keep climbing

Over the last 4 years, sales grew about 17% a year on average.

3
THE BRIGHT SIDE · 3/3
Executives are buying their own stock

Over the last 12 months, company executives reported 54 buys and 26 sells. Management buying with its own money is usually read as a good sign.

1
THE RISKS · 1/1
A thin financial cushion

The balance sheet offers little cushion against a rough stretch. Report-card grade: 28/100.

FINALE · THE GRADE
A
74 / 100 · MoonshotScore

On our five-subject report card, FRME sits near the top of the class. A high grade doesn’t mean “guaranteed win” — it means “the evidence looks strong for now.”

The takeaway: FRME is an established business that has proven its profits for years. The real debate here isn’t the price — it’s whether the company can keep up this pace.

The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.

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This was a film — not investment advice.
Data: FMP & company filings
Sep 12, 2026 · stockexpertai.com · Stock Film