First Merchants Corporation (NASDAQ:FRME) — Market Cap & Net Worth
Market Cap & Net Worth: First Merchants Corporation (FRME)
First Merchants Corporation (NASDAQ:FRME) has a market capitalization of $2.56 Billion ($2.56 Billion) as of May 4, 2026. Listed on the NASDAQ stock exchange, this USA-based company holds position #5418 globally and #1703 in its home market, demonstrating a 1.81% increase in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying First Merchants Corporation's stock price $40.42 by its total outstanding shares 63325778 (63.33 Million). Analyse First Merchants Corporation cash conversion from operations to see how efficiently the company converts income to cash.
First Merchants Corporation Market Cap History: 2015 to 2026
First Merchants Corporation's market capitalization history from 2015 to 2026. Data shows growth from $1.26 Billion to $2.56 Billion (6.77% CAGR).
Index Memberships
First Merchants Corporation is a constituent of 2 market indices:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
NASDAQ Financial 100
IXF
|
$1.00 Trillion | 0.26% | #76 of 100 |
|
NASDAQ Composite
IXIC
|
$38.77 Trillion | 0.01% | #591 of 3165 |
Weight: First Merchants Corporation's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
First Merchants Corporation Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how First Merchants Corporation's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
2.26x
First Merchants Corporation's market cap is 2.26 times its annual revenue
Latest Price to Earnings (P/E) Ratio
10.50x
First Merchants Corporation's market cap is 10.50 times its annual earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2016 | $1.90 Billion | $318.51 Million | $81.05 Million | 5.96x | 23.44x |
| 2017 | $2.16 Billion | $385.90 Million | $96.07 Million | 5.59x | 22.47x |
| 2018 | $1.79 Billion | $484.40 Million | $159.14 Million | 3.70x | 11.27x |
| 2019 | $2.23 Billion | $552.09 Million | $164.46 Million | 4.05x | 13.59x |
| 2020 | $2.08 Billion | $558.43 Million | $148.60 Million | 3.72x | 13.99x |
| 2021 | $2.39 Billion | $555.96 Million | $205.53 Million | 4.30x | 11.64x |
| 2022 | $2.42 Billion | $712.95 Million | $222.09 Million | 3.39x | 10.89x |
| 2023 | $2.28 Billion | $999.49 Million | $223.79 Million | 2.28x | 10.18x |
| 2024 | $2.53 Billion | $1.05 Billion | $201.40 Million | 2.40x | 12.54x |
| 2025 | $2.37 Billion | $1.05 Billion | $226.00 Million | 2.26x | 10.50x |
Competitor Companies of FRME by Market Capitalization
Companies near First Merchants Corporation in the global market cap rankings as of May 4, 2026.
Key companies related to First Merchants Corporation by market ranking:
- HDFC Bank Limited (F:HDFA): Ranked #179 globally with a market cap of $128.33 Billion USD ( €109.77 Billion EUR).
- China Merchants Bank Co Ltd (SHG:600036): Ranked #204 globally with a market cap of $115.52 Billion USD ( CN¥789.47 Billion CNY).
- UNICREDIT S.P.A. ADR (F:CRIP): Ranked #207 globally with a market cap of $112.81 Billion USD ( €96.49 Billion EUR).
- DBS GROUP ADR/4 SD 1 (F:DEV): Ranked #219 globally with a market cap of $109.87 Billion USD ( €93.97 Billion EUR).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #179 | HDFC Bank Limited | F:HDFA | $128.33 Billion | €21.40 |
| #204 | China Merchants Bank Co Ltd | SHG:600036 | $115.52 Billion | CN¥38.27 |
| #207 | UNICREDIT S.P.A. ADR | F:CRIP | $112.81 Billion | €32.20 |
| #219 | DBS GROUP ADR/4 SD 1 | F:DEV | $109.87 Billion | €152.00 |
First Merchants Corporation Historical Marketcap From 2015 to 2026
Between 2015 and today, First Merchants Corporation's market cap moved from $1.26 Billion to $ 2.56 Billion, with a yearly change of 6.77%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $2.56 Billion | +7.84% |
| 2025 | $2.37 Billion | -6.04% |
| 2024 | $2.53 Billion | +10.92% |
| 2023 | $2.28 Billion | -5.82% |
| 2022 | $2.42 Billion | +1.11% |
| 2021 | $2.39 Billion | +14.99% |
| 2020 | $2.08 Billion | -6.93% |
| 2019 | $2.23 Billion | +24.62% |
| 2018 | $1.79 Billion | -16.93% |
| 2017 | $2.16 Billion | +13.63% |
| 2016 | $1.90 Billion | +51.07% |
| 2015 | $1.26 Billion | -- |
End of Day Market Cap According to Different Sources
On May 3rd, 2026 the market cap of First Merchants Corporation was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $2.56 Billion USD |
| MoneyControl | $2.56 Billion USD |
| MarketWatch | $2.56 Billion USD |
| marketcap.company | $2.56 Billion USD |
| Reuters | $2.56 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About First Merchants Corporation
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management servi… Read more