What is FRME's health score?

FIRST MERCHANTS CORP (FRME) has a TradeApes health score of 54 out of 100, rated Mixed. This composite score evaluates financial strength, operating trends, valuation, capital allocation, and risk factors.

What is FRME's estimated fair value?

Based on our 5-year discounted cash flow model, FIRST MERCHANTS CORP's estimated fair value is $40.35 per share, representing a 1.1% upside from the current price. This is a model estimate, not a price target or investment recommendation.

Is FRME undervalued or overvalued?

Our model currently rates FRME as Fair Value. This assessment combines health metrics, valuation multiples, and market sentiment. Individual investors should conduct their own due diligence.

Crunching the numbers for FRME... Refresh in a moment for the full analysis.

FIRST MERCHANTS CORP (FRME)

Financials Fair Value medium mixed

$39.91

Updated: 2026-06-05

TradeApes Score

Financial Strength

45 Mixed

Operating Trend

50 Mixed

Relative Value

65 Healthy

Capital Allocation

40 Weak

Risk

80 Strong

Est. Fair Value $40.35

DCF Upside +1.1%

Sector Rank #3619 of 6192

Key Findings

+ High FCF yield — above 7%, strong cash return relative to price paid

Unlock Full Report →

− Debt increasing — total debt up more than 10% year over year

Unlock Full Report →

3 free score cards remaining

TradeApes provides financial data, analytics, and research tools. TradeApes is not a registered investment adviser, broker-dealer, or tax advisor. The information presented is for educational and informational purposes only and does not constitute investment, financial, or tax advice.

11 sector-leading stocks delivered to your inbox every Sunday. Free.

No spam. Unsubscribe anytime.