Back to Results

First Merchants Corp ADR (FRMEP)

First Merchants Corp ADR (FRMEP) is a preferred security associated with First Merchants Corporation, a financial holding company for First Merchants Bank. The underlying issuer provides commercial and consumer banking services, including deposit products, debit and credit cards, mortgage lending, agricultural lending, treasury management, and a broad set of wealth management and advisory services such as brokerage, investment management, private banking, fiduciary estate, and financial planning. Its banking network operates in Indiana, Ohio, and Michigan, and the company also serves customers through electronic and mobile channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.


Stock Summary Fair Value Profitability & Growth Quality & Risk Events & Dividends Technical Outlook FAQ

Jump between the core stock analysis sections, valuation data, fair value models, technical outlook, and FAQ.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Upcoming Dividend Ex-Date Dividend Payment Date Upcoming Dividend Dividend Yield Next Earnings Date P/E Ratio Price-to-Book Ratio Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Payout Ratio Free Cash Flow / Net Income
NASDAQ-FRME.P
$34.43
34.5% Upside
Undervalued
—
—
—
Fair
July 30, 2026
August 14, 2026
1.88
7.3%
July 23, 2026
14.0x
1.0x
4.3x
2.793 B
—
37.5%
98.2%
-1.6
43.8%
142.4%
Send a message
Valuation • Fair Value

First Merchants Corp ADR (NASDAQ-FRME.P) Fair Value by Valuation Model

Compare the primary fair value estimate for First Merchants Corp ADR (NASDAQ-FRME.P) with model-based valuation references such as DCF, Ben Graham, DDM, EPV and comparable-company valuation.

Primary Valuation Read

Fair Value

$34.43

Estimated upside of 34.5% versus the current market price.

Fair Value Confidence

Med

Confidence level for the primary fair value estimate.

DCF Fair Value

NM

Discounted cash flow valuation reference.

Ben Graham Formula Value

$23.82

Classic Ben Graham valuation formula reference.

DDM Fair Value

$51.15

Dividend discount model valuation reference.

EPV Fair Value

NM

Earnings power value estimate.

Comps Fair Value

$28.86

Comparable-company valuation reference.

Analyst Price Target

Not available

Data is currently unavailable.

How to read these valuation models

Use this section to compare the primary fair value estimate for First Merchants Corp ADR (NASDAQ-FRME.P) with several model-based valuation references. Different models can produce different outputs because each method relies on a different set of assumptions, so the primary fair value estimate should be read alongside the model spread rather than in isolation.

Profitability • Growth

Profitability & Growth for First Merchants Corp ADR (NASDAQ-FRME.P)

A compact read on revenue, forward revenue expectations, EBITDA and operating profitability trends.

Revenue

637.8 M

Current operating scale indicator.

Revenue Forecast

811 M

Forward revenue estimate.

EBITDA

0 K

Current operating profitability reference.

EBITDA Forecast

Not available

Data is currently unavailable.

How to read profitability and growth

This section helps investors review First Merchants Corp ADR (NASDAQ-FRME.P) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for First Merchants Corp ADR (NASDAQ-FRME.P)

Review financial health, earnings quality and balance-sheet risk through Piotroski, Beneish, Altman and cash conversion metrics.

Financial Health

Fair

Mixed or neutral financial-health read.

Piotroski Score

3

Weak quality score that deserves closer review.

Beneish M-Score

NM

Forensic accounting screen.

Altman Z-Score

-1.6

Lower score that deserves closer risk review.

FCF / Net Income

142.4%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for First Merchants Corp ADR (NASDAQ-FRME.P). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for First Merchants Corp ADR (NASDAQ-FRME.P)

Track the next earnings date, ex-dividend date, dividend payment date, dividend yield and upcoming distribution details where available.

Next Earnings Date

July 23, 2026

Days to Earnings

2

Dividend Payment Date

August 14, 2026

Ex-Dividend Date

July 30, 2026

Dividend Yield

7.3%

Income yield reference.

Upcoming Dividend

1.88

Upcoming distribution amount.

Payment Type

Cash

Distribution type as reported in the data.

Dividend Currency

USD

Currency used for the distribution.

Payout Ratio

43.8%

Dividend payout reference.

How to read events and dividends

This section helps investors track time-sensitive items for First Merchants Corp ADR (NASDAQ-FRME.P), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

First Merchants Corp ADR (NASDAQ-FRME.P) Stock Forecast & Technical Outlook

Review First Merchants Corp ADR (NASDAQ-FRME.P) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Strong Buy

The 15-minute technical read for First Merchants Corp ADR (NASDAQ-FRME.P) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Strong Buy

The 1-hour technical read for First Merchants Corp ADR (NASDAQ-FRME.P) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Strong Buy

The daily technical read for First Merchants Corp ADR (NASDAQ-FRME.P) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Neutral

The weekly technical read for First Merchants Corp ADR (NASDAQ-FRME.P) is currently Neutral. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Strong Buy

The monthly technical read for First Merchants Corp ADR (NASDAQ-FRME.P) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for First Merchants Corp ADR (NASDAQ-FRME.P)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Not available

Analyst recommendation data for First Merchants Corp ADR (NASDAQ-FRME.P) is not currently available.

Buy 0
Hold 0
Sell 0
FAQ • Fast Investor Answers

First Merchants Corp ADR (NASDAQ-FRME.P) Stock FAQ

Quick answers about First Merchants Corp ADR (NASDAQ-FRME.P) stock, including fair value, valuation rating, analyst price target, dividends, earnings dates, market capitalization, financial health and other key stock analysis metrics.

Fair Value
$34.43
Estimated upside 34.5%
Valuation Rating
Undervalued
Estimated upside of 34.5%
Analyst Target
Not available
Data is currently unavailable
Financial Health
Fair
Current financial-health read

The current fair value estimate for First Merchants Corp ADR (NASDAQ-FRME.P) is $34.43. This implies an estimated upside of 34.5% versus the current market price.

Based on the current fair value estimate, the stock appears undervalued, with estimated upside of 34.5% versus the current market price.

An analyst price target for First Merchants Corp ADR (NASDAQ-FRME.P) is not currently available in the latest data file.

The current financial health read for First Merchants Corp ADR (NASDAQ-FRME.P) is Fair. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for First Merchants Corp ADR (NASDAQ-FRME.P) is July 23, 2026.

Based on the current data, dividend yield is 7.3%, upcoming dividend amount is 1.88, ex-dividend date is July 30, 2026, payment date is August 14, 2026.

The current P/E ratio listed for First Merchants Corp ADR (NASDAQ-FRME.P) is 14.0x. Use it together with growth, margins and sector comparisons rather than as a standalone valuation signal.

The current market capitalization listed for First Merchants Corp ADR is 2.793 B.

The ticker symbol for First Merchants Corp ADR is NASDAQ-FRME.P, and the stock is listed on NASDAQ.

First Merchants Corp ADR (NASDAQ-FRME.P) is listed on NASDAQ.

The current debt-to-total-capital ratio listed for First Merchants Corp ADR is 37.5%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for First Merchants Corp ADR is 98.2%. Free float helps investors understand how much of the share base is available for public trading.

Similar Banks Stocks on NASDAQ View more

Huntington Bancshares Inc ADR (HBANL) Huntington Bancshares Inc ADR (HBANL)
Huntington Bancshares Incorporated (HBAN) Huntington Bancshares Incorporated (HBAN)
First Citizens BancShares Inc (FCNCA) First Citizens BancShares Inc (FCNCA)
First Citizens BancShares Inc ADR (FCNCP) First Citizens BancShares Inc ADR (FCNCP)
First Citizens BancShares Inc Preferred Series C (FCNCO) First Citizens BancShares Inc Preferred Series C (FCNCO)
East West Bancorp Inc (EWBC) East West Bancorp Inc (EWBC)
Popular Inc (BPOP) Popular Inc (BPOP)
Wintrust Financial Corp ADR (WTFCN) Wintrust Financial Corp ADR (WTFCN)
Wintrust Financial Corporation (WTFC) Wintrust Financial Corporation (WTFC)
UMB Financial Corp ADR (UMBFO) UMB Financial Corp ADR (UMBFO)
UMB Financial Corporation (UMBF) UMB Financial Corporation (UMBF)
Zions Bancorporation (ZION) Zions Bancorporation (ZION)
Zions Bancorporation Pa ADR (ZIONP) Zions Bancorporation Pa ADR (ZIONP)
Old National Bancorp (ONB) Old National Bancorp (ONB)
Columbia Banking System Inc (COLB) Columbia Banking System Inc (COLB)
BOK Financial Corporation (BOKF) BOK Financial Corporation (BOKF)
Grupo Financiero Galicia SA ADR (GGAL) Grupo Financiero Galicia SA ADR (GGAL)
Commerce Bancshares Inc (CBSH) Commerce Bancshares Inc (CBSH)
Valley National Bancorp (VLY) Valley National Bancorp (VLY)
Valley National Bancorp A Pref (VLYPP) Valley National Bancorp A Pref (VLYPP)
Valley National Bancorp B Pref (VLYPO) Valley National Bancorp B Pref (VLYPO)
Valley National Bancorp Preferred (VLYPN) Valley National Bancorp Preferred (VLYPN)
Central Bancompany (CBC) Central Bancompany (CBC)
United Bankshares Inc (UBSI) United Bankshares Inc (UBSI)