First Merchants Corporation Market Cap ($2.45 Billion)
Market Cap & Net Worth: First Merchants Corporation (FRME)
First Merchants Corporation market cap. First Merchants Corporation (NASDAQ:FRME) has a market capitalization of $2.45 Billion ($2.45 Billion) as of November 5, 2026. Listed on the NASDAQ stock exchange, this USA-based company holds position #5359 globally and #1790 in its home market, demonstrating a 2.35% 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 $41.89 by its total outstanding shares 62801423 (62.80 Million). Also see FRME cash flow conversion for how efficiently the company converts equity into cash flow.
First Merchants Corporation Market Cap History (2015–2026)
First Merchants Corporation market cap history from 2015 to 2026. Data shows growth from $1.25 Billion to $2.63 Billion (6.79% CAGR). Check First Merchants Corporation stock price for real-time trading data and today's change.
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
|
$1.03 Trillion | 0.24% | #77 of 100 |
|
NASDAQ Composite
IXIC
|
$40.12 Trillion | 0.01% | #610 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. Explore FRME shareholders equity momentum to track how rapidly the company is growing its equity base year over year.
Latest Price to Sales (P/S) Ratio
2.24x
First Merchants Corporation's market cap is 2.24 times its annual revenue
Latest Price to Earnings (P/E) Ratio
10.41x
First Merchants Corporation's market cap is 10.41 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 | $1.88 Billion | $318.51 Million | $81.05 Million | 5.91x | 23.24x |
| 2017 | $2.14 Billion | $385.90 Million | $96.07 Million | 5.55x | 22.28x |
| 2018 | $1.78 Billion | $484.40 Million | $159.14 Million | 3.67x | 11.17x |
| 2019 | $2.22 Billion | $552.09 Million | $164.46 Million | 4.01x | 13.47x |
| 2020 | $2.06 Billion | $558.43 Million | $148.60 Million | 3.69x | 13.88x |
| 2021 | $2.37 Billion | $555.96 Million | $205.53 Million | 4.27x | 11.54x |
| 2022 | $2.40 Billion | $712.95 Million | $222.09 Million | 3.36x | 10.80x |
| 2023 | $2.26 Billion | $999.49 Million | $223.79 Million | 2.26x | 10.09x |
| 2024 | $2.51 Billion | $1.05 Billion | $201.40 Million | 2.38x | 12.44x |
| 2025 | $2.35 Billion | $1.05 Billion | $226.00 Million | 2.24x | 10.41x |
Competitor Companies of FRME by Market Capitalization
Companies near First Merchants Corporation in the global market cap rankings as of November 5, 2026. Also see First Merchants Corporation (FRME) total assets for a full breakdown of the balance sheet.
Key companies related to First Merchants Corporation by market ranking:
- China Merchants Bank Co Ltd (SHG:600036): Ranked #184 globally with a market cap of $128.41 Billion USD ( CN¥877.56 Billion CNY).
- Mizuho Financial Group Inc. (NYSE:MFG): Ranked #203 globally with a market cap of $119.39 Billion USD.
- BNP Paribas SA (PA:BNP): Ranked #216 globally with a market cap of $113.72 Billion USD ( €97.27 Billion EUR).
- UNICREDIT S.P.A. ADR (F:CRIP): Ranked #218 globally with a market cap of $112.81 Billion USD ( €96.49 Billion EUR).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #184 | China Merchants Bank Co Ltd | SHG:600036 | $128.41 Billion | CN¥42.54 |
| #203 | Mizuho Financial Group Inc. | NYSE:MFG | $119.39 Billion | $9.80 |
| #216 | BNP Paribas SA | PA:BNP | $113.72 Billion | €91.70 |
| #218 | UNICREDIT S.P.A. ADR | F:CRIP | $112.81 Billion | €32.20 |
Market Capitalization of First Merchants Corporation (2015–2026)
Market capitalization of First Merchants Corporation from 2015 to today. Between 2015 and today, First Merchants Corporation's market cap moved from $1.25 Billion to $ 2.63 Billion, with a yearly change of 6.79%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $2.63 Billion | +11.77% |
| 2025 | $2.35 Billion | -6.04% |
| 2024 | $2.51 Billion | +10.92% |
| 2023 | $2.26 Billion | -5.82% |
| 2022 | $2.40 Billion | +1.11% |
| 2021 | $2.37 Billion | +14.99% |
| 2020 | $2.06 Billion | -6.93% |
| 2019 | $2.22 Billion | +24.62% |
| 2018 | $1.78 Billion | -16.93% |
| 2017 | $2.14 Billion | +13.63% |
| 2016 | $1.88 Billion | +51.07% |
| 2015 | $1.25 Billion | -- |
End of Day Market Cap According to Different Sources
On Nov 5th, 2026 the market cap of First Merchants Corporation was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $2.45 Billion USD |
| MoneyControl | $2.45 Billion USD |
| MarketWatch | $2.45 Billion USD |
| marketcap.company | $2.45 Billion USD |
| Reuters | $2.45 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