# First Merchants Corporation (FRME): Dividend & Fundamentals

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- Sector: Financial Services · Industry: Banks - Regional
- Exchange: NASDAQ · Trading currency: USD

First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank. This institution delivers a full spectrum of community banking solutions. It accepts various types of deposits, including term, savings, and checking accounts. The company also extends a wide array of lending products, such as consumer, commercial, agricultural business, and real estate mortgage loans, in addition to public finance options. Beyond standard banking, First Merchants provides personal and corporate trust services, brokerage capabil...

## Quote & Key Metrics

As of 2026-10-23:

| Metric | Value |
|---|---|
| Price | $40.68 USD |
| Market Cap | $2.55B |
| P/E (TTM) | 12.40 |
| EPS (TTM) | $3.28 |
| 52-Week Range | $34.66 – $45.33 |
| Dividend Yield (TTM) | 3.59% |

## Dividend

| Metric | Value |
|---|---|
| Yield (TTM) | 3.59% |
| Annual Dividend (TTM) | $1.46 /share |
| Annual Dividend (Forward) | $1.48 /share |
| Frequency | Quarterly |
| Consecutive Growth Streak | 15 years |
| Growth CAGR 1Y / 3Y / 5Y / 10Y | 2.8% / 2.9% / 5.0% / 10.2% |
| Payout Ratio (EPS, TTM) | 46.3% |
| Payout Ratio (FCF, TTM) | 28.8% |
| Payout Ratio (EPS, forward dividend) | 47.3% |
| Payout Ratio (FCF, forward dividend) | 29.4% |

### Recent Payments

| Ex-Date | Amount | Pay Date |
|---|---|---|
| 2026-09-04 | $0.3700 | 2026-09-18 |
| 2026-06-05 | $0.3700 | 2026-06-19 |
| 2026-03-06 | $0.3600 | 2026-03-20 |
| 2025-12-05 | $0.3600 | 2025-12-19 |
| 2025-09-05 | $0.3600 | 2025-09-19 |
| 2025-06-06 | $0.3600 | 2025-06-20 |
| 2025-03-07 | $0.3500 | 2025-03-21 |
| 2024-12-06 | $0.3500 | 2024-12-20 |
| 2024-09-06 | $0.3500 | 2024-09-20 |
| 2024-06-07 | $0.3500 | 2024-06-21 |
| 2024-02-29 | $0.3400 | 2024-03-15 |
| 2023-11-30 | $0.3400 | 2023-12-15 |

Full history: https://www.dividenddata.com/stocks/frme/dividend

## Frequently Asked Questions

### What does First Merchants Corporation do?

First Merchants Corporation (FRME) operates in the Banks - Regional industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.

### What is FRME's market cap?

First Merchants Corporation (FRME) has a market capitalization of approximately $2.55 billion, as of October 23, 2026, based on the most recent share price and shares outstanding.

### Does FRME pay a dividend?

Yes, First Merchants Corporation (FRME) pays a dividend quarterly, with a trailing-twelve-month yield of 3.59%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.

### How often does FRME pay dividends?

First Merchants Corporation pays dividends quarterly. The forward annual rate is $1.48 per share at the current declared cadence. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is FRME's payout ratio?

First Merchants Corporation's payout ratio is the percentage of earnings (and free cash flow) returned to shareholders as dividends. Current EPS and FCF coverage are shown in the payout cards above, with green / amber / red coloring indicating sustainability.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/stocks/frme
- Dividend history & safety: https://www.dividenddata.com/stocks/frme/dividend
- Earnings & EPS: https://www.dividenddata.com/stocks/frme/earnings
- Financial statements: https://www.dividenddata.com/stocks/frme/financials/income
- Valuation multiples: https://www.dividenddata.com/stocks/frme/valuation
- Peer comparison: https://www.dividenddata.com/stocks/frme/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.