First Merchants (FRME) vs Trustmark (TRMK)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Trustmark (TRMK) has outperformed First Merchants (FRME) over the past year, gaining 12.8% versus a gain of 4.8%. Over five years, TRMK leads with a +34.8% price change compared with -7.7% for FRME. Trustmark is the larger company by market cap ($2.58 billion vs $2.45 billion), about 1.1 times the size.
On valuation, First Merchants trades at a lower forward P/E (8.7x vs 10.2x for Trustmark). First Merchants offers the higher dividend yield (3.72% vs 2.22%). First Merchants converts more of its revenue into profit, with a net margin of 34.1% versus 28.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FRME | TRMK |
|---|---|---|
| Share price | $39.01 | $44.24 |
| Market cap | $2.45B | $2.58B |
| 1-day change | -1.47% | -0.70% |
| YTD return | +5.63% | +14.38% |
| 1-year return | +4.79% | +12.78% |
| 5-year return | -7.72% | +34.84% |
| P/E ratio (TTM) | 12.54 | 11.23 |
| Forward P/E | 8.73 | 10.21 |
| EPS (TTM) | $3.11 | $3.94 |
| Dividend yield | 3.72% | 2.22% |
| Annual dividend | $1.45 | $0.98 |
| Revenue (latest FY) | $662.95M | $799.78M |
| Revenue growth (YoY) | +2.51% | +42.56% |
| Net income (latest FY) | $226.00M | $224.13M |
| Net margin | 34.09% | 28.02% |
| 52-week high | $45.33 | $49.00 |
| 52-week low | $34.66 | $36.33 |
| Distance from 52-week high | -13.94% | -9.71% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +20.05% | +14.15% |
| Average volume | 462.61K | 385.14K |
| Shares outstanding | 62.80M | 58.23M |
| Employees | 2,086 | 2,583 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- First Merchants offers a meaningfully higher dividend yield (3.72% vs 2.22%).
- First Merchants is more profitable, keeping 34.1 cents of every revenue dollar as net income versus 28.0 cents for Trustmark.
- Trustmark grew revenue faster in its latest fiscal year (+42.56% vs +2.51%).
About First Merchants
FRME stock →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 services and depository products.
Finance · Major Banks · 2,086 employees
About Trustmark
TRMK stock →Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. It operates through General Banking and Wealth Management segments.
Finance · Major Banks · 2,583 employees
FRME vs TRMK FAQ
Which is bigger, First Merchants or Trustmark?
Trustmark (TRMK) is larger, with a market capitalization of $2.58B compared with $2.45B for First Merchants (FRME).
Which stock has performed better over the past year, FRME or TRMK?
TRMK returned +12.78% over the past 12 months, compared with +4.79% for FRME (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FRME or TRMK?
TRMK has the lower trailing P/E at 11.2, versus 12.5 for FRME. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, First Merchants or Trustmark?
First Merchants has the higher yield at 3.72%, compared with 2.22% for Trustmark.
Are First Merchants and Trustmark in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.