First Merchants (FRME) Market Capitalization (2010 - 2026)
First Merchants (FRME) posted Market Capitalization of $2.47 billion for Q3 2026, up 14.8% from $2.16 billion a year earlier but down 8.9% from the prior quarter.
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Analysis
First Merchants (FRME) Market Capitalization (2010 - 2026) Analysis & Trends
For FY2025, First Merchants' Market Capitalization came in at $2.13 billion, down 7.7% from FY2024.
- Annual Market Capitalization shows a five-year compound annual growth rate of 1.1% (FY2020 to FY2025).
- In prior years, First Merchants' Market Capitalization was $2.31 billion in FY2024 (+5.0%), $2.2 billion in FY2023 (-9.4%), $2.43 billion in FY2022 (+8.7%) and $2.24 billion in FY2021 (+10.9%).
- Quarterly Market Capitalization has run from a low of $1.65 billion in Q3 2023 to a high of $2.72 billion in Q2 2026 over five years.
- On a year-over-year basis, Market Capitalization has increased in each of the last three quarters, with growth averaging 8.4% over the last eight quarters.
- The strongest year-over-year quarter for Market Capitalization in the past five years was Q3 2024, with growth of 30.8%; the weakest was Q3 2023, with a decline of 27.8%.
- According to Business Quant data, Market Capitalization for the three prior quarters was $2.72 billion (Q2 2026), $2.42 billion (Q1 2026) and $2.13 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn |
| 10 | First Merchants | 256.31 Mn | 256.31 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 247.47 Mn |
| Jun 30, 2026 | 271.78 Mn |
| Mar 31, 2026 | 242.09 Mn |
| Dec 31, 2025 | 213.46 Mn |
| Sep 30, 2025 | 215.62 Mn |
| Jun 30, 2025 | 219.35 Mn |
| Mar 31, 2025 | 233.78 Mn |
| Dec 31, 2024 | 231.26 Mn |
| Sep 30, 2024 | 216.20 Mn |
| Jun 30, 2024 | 193.23 Mn |
| Mar 31, 2024 | 204.39 Mn |
| Dec 31, 2023 | 220.34 Mn |
| Sep 30, 2023 | 165.25 Mn |
| Jun 30, 2023 | 167.40 Mn |
| Mar 31, 2023 | 195.25 Mn |
| Dec 31, 2022 | 243.25 Mn |
| Sep 30, 2022 | 228.77 Mn |
| Jun 30, 2022 | 210.37 Mn |
| Mar 31, 2022 | 222.25 Mn |
| Dec 31, 2021 | 223.74 Mn |
API Access
First Merchants Market Capitalization API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=market-capitalization&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "ticker": "FRME", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=market-capitalization&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();