First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
P/E ratio for First Merchants Corporation (FRME)
P/E ratio as of 2023: 9.83
According to First Merchants Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.83. At the end of 2022 the company had a P/E ratio of 10.68.
P/E ratio history for First Merchants Corporation from 1987 to 2023
PE ratio at the end of each year
| Year | P/E ratio |
|---|---|
| 2023 | 9.83 |
| 2022 | 10.68 |
| 2021 | 10.96 |
| 2020 | 13.61 |
| 2019 | 13.00 |
| 2018 | 10.61 |
| 2017 | 19.75 |
| 2016 | 18.92 |
| 2015 | 14.69 |
| 2014 | 13.70 |
| 2013 | 15.14 |
| 2012 | 9.40 |
| 2011 | 8.89 |
| 2010 | 34.33 |
| 2009 | -3.07 |
| 2008 | 19.44 |
| 2007 | 12.62 |
| 2006 | 16.58 |
| 2005 | 15.85 |
| 2004 | 17.80 |
| 2003 | 16.89 |
| 2002 | 12.73 |
| 2001 | 13.42 |
| 2000 | 12.89 |
| 1999 | 16.51 |
| 1998 | 20.25 |
| 1997 | 20.37 |
| 1996 | 13.31 |
| 1995 | 13.15 |
| 1994 | 11.96 |
| 1993 | 11.22 |
| 1992 | 13.09 |
| 1991 | 9.48 |
| 1990 | 7.77 |
| 1989 | 9.20 |
| 1988 | 9.81 |
| 1987 | 11.06 |