FIRST MERCHANTS CORP(FRME)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
FRME Stock Analysis & AI Quality Score
AI stock analysis and institutional research for FIRST MERCHANTS CORP (FRME), a Financials sector company. FRME is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q4 2025), FIRST MERCHANTS CORP reports quarterly revenue of $172.2M, net income of $57.1M, an operating margin of 38.0%. Top institutional holders of FRME by reported 13-F value include BlackRock,, DIMENSIONAL FUND ADVISORS, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. FRME trades on the Nasdaq exchange and files with the SEC under CIK 712534. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FRME daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FIRST MERCHANTS CORP directly from SEC EDGAR.
Revenue
Q4 2025
$172.2M
Net Income
Q4 2025
$57.1M
Free Cash Flow
Q4 2025
$80.7M
Operating Margin
Q4 2025
38.0%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
+12.2% YoYEPS (Diluted)
+13.8% YoYTotal Assets
+3.9% YoYTotal Debt
-13.7% YoYOp. Cash Flow
+6.5% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Net Income | $226.0M +12.2% | $201.4M -10.0% | $223.8M +8.9% | $205.5M +29.2% | $159.1M +65.6% | $96.1M |
| EPS (Diluted) | $3.88 +13.8% | $3.41 -8.6% | $3.73 -2.1% | $3.81 +18.3% | $3.22 +51.9% | $2.12 |
| Total Assets | $19.03B +3.9% | $18.31B -0.5% | $18.41B +19.1% | $15.45B +56.3% | $9.88B +5.5% | $9.37B |
| Total Debt | $999.9M -13.7% | $1.16B +12.6% | $1.03B +62.2% | $634.3M | — | — |
| Operating Cash Flow | $283.6M +6.5% | $266.2M +2.9% | $258.8M +20.2% | $215.3M +19.5% | $180.2M +42.5% | $126.5M |
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Available Research
13F Pro tracks comprehensive data for FIRST MERCHANTS CORP including:
Top Institutional Holders of FRME
BlackRock, Inc.
$189.8M4,899,356 shDIMENSIONAL FUND ADVISORS LP
$139.3M3,596,017 shVANGUARD PORTFOLIO MANAGEMENT LLC
$130.1M3,359,034 shVANGUARD CAPITAL MANAGEMENT LLC
$105.8M2,730,611 shEARNEST PARTNERS LLC
$87.4M2,255,590 shSTATE STREET CORP
$86.7M2,239,768 shGEODE CAPITAL MANAGEMENT, LLC
$61.0M1,573,781 shGOLDMAN SACHS GROUP INC
$44.0M1,137,185 shNuveen, LLC
$40.4M1,043,323 shWELLINGTON MANAGEMENT GROUP LLP
$39.0M1,007,235 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $189.8M | 4,899,356 |
| DIMENSIONAL FUND ADVISORS LP | $139.3M | 3,596,017 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $130.1M | 3,359,034 |
| VANGUARD CAPITAL MANAGEMENT LLC | $105.8M | 2,730,611 |
| EARNEST PARTNERS LLC | $87.4M | 2,255,590 |
| STATE STREET CORP | $86.7M | 2,239,768 |
| GEODE CAPITAL MANAGEMENT, LLC | $61.0M | 1,573,781 |
| GOLDMAN SACHS GROUP INC | $44.0M | 1,137,185 |
| Nuveen, LLC | $40.4M | 1,043,323 |
| WELLINGTON MANAGEMENT GROUP LLP | $39.0M | 1,007,235 |
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Popular Research
Is FRME a good stock to buy?
13F Pro's AI-powered analysis of FIRST MERCHANTS CORP (FRME) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FRME are available on the FRME stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own FRME?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FRME. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of FIRST MERCHANTS CORP's investment landscape.