First Merchants Financial Ratios
NASDAQ: FRMEFinanceMajor BanksUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
First Merchants ratio analysis
First Merchants earned a net margin of 34.1% in FY 2025, up from 31.1% a year earlier. Return on equity reached 9.2%, meaning First Merchants generated 0.09 dollars of profit for every dollar of shareholders' equity. At the end of FY 2025, FRME traded at 9.7 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 9.7 to 19.8, with a median of 11.3.
Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
First Merchants financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 9.66 | 11.59 | 9.94 | 10.79 | 10.99 | 13.65 | 12.93 | 11.06 | 19.84 | 19.02 |
| Price / sales | 3.25 | 3.56 | 3.38 | 3.78 | 4.33 | 4.11 | 4.78 | 4.22 | 5.46 | 5.26 |
| Price / book | 0.87 | 1.00 | 0.98 | 1.17 | 1.18 | 1.08 | 1.19 | 1.25 | 1.46 | 1.70 |
| Net margin | 34.1% | 31.1% | 34.4% | 35.4% | 39.5% | 30.2% | 37.1% | 38.3% | 27.6% | 27.8% |
| Free cash flow margin | 42.8% | 41.2% | 39.8% | 45.3% | 41.4% | 41.4% | 39.9% | 43.4% | 36.3% | 35.6% |
| Return on equity (ROE) | 9.2% | 8.7% | 10.0% | 10.9% | 10.7% | 7.9% | 9.2% | 11.3% | 7.4% | 9.0% |
| Return on assets (ROA) | 1.2% | 1.1% | 1.2% | 1.2% | 1.3% | 1.1% | 1.3% | 1.6% | 1.0% | 1.1% |
| Revenue growth | 2.5% | -0.7% | 3.6% | 20.8% | 5.7% | 11.0% | 6.7% | 19.2% | 19.4% | 9.5% |
| EPS growth | 13.8% | -8.6% | -2.1% | 0.0% | 39.1% | -14.1% | -0.9% | 51.9% | 7.1% | 15.1% |