First Merchants (FRME) Price to Earnings (2010 - 2026)
First Merchants' (FRME) Price to Earnings was 12.65 for Q3 2026, up 35.7% from 9.32 a year earlier but down 14.3% from the prior quarter.
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Analysis
First Merchants (FRME) Price to Earnings (2010 - 2026) Analysis & Trends
For FY2025, Price to Earnings at First Merchants was 9.52, down 17.8% from FY2024.
- By year, Price to Earnings came in at 11.59 in FY2024 (+16.7%), 9.93 in FY2023 (-9.9%), 11.02 in FY2022 (+1.3%) and 10.89 in FY2021 (-19.8%).
- Five-year quarterly Price to Earnings spans a low of 6.50 in Q2 2023 and a high of 14.76 in Q2 2026.
- Year over year, Price to Earnings has now increased in each of the last three quarters, with growth averaging 9.8% over the last eight quarters.
- The high point for year-over-year Price to Earnings in five years was Q3 2024 (growth of 84.3%); the low point was Q3 2023 (a decline of 42.8%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 14.76 (Q2 2026), 12.29 (Q1 2026) and 9.52 (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 | 1.26 |
| Jun 30, 2026 | 1.48 |
| Mar 31, 2026 | 1.23 |
| Dec 31, 2025 | 0.95 |
| Sep 30, 2025 | 0.93 |
| Jun 30, 2025 | 0.98 |
| Mar 31, 2025 | 1.13 |
| Dec 31, 2024 | 1.16 |
| Sep 30, 2024 | 1.22 |
| Jun 30, 2024 | 1.05 |
| Mar 31, 2024 | 0.99 |
| Dec 31, 2023 | 0.99 |
| Sep 30, 2023 | 0.66 |
| Jun 30, 2023 | 0.65 |
| Mar 31, 2023 | 0.83 |
| Dec 31, 2022 | 1.10 |
| Sep 30, 2022 | 1.15 |
| Jun 30, 2022 | 1.12 |
| Mar 31, 2022 | 1.09 |
| Dec 31, 2021 | 1.09 |
API Access
First Merchants Price to Earnings 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=price-to-earnings&ticker=FRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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=price-to-earnings&ticker=FRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();