First Merchants (FRME) Price to Earnings (2011 - 2026)
First Merchants' (FRME) Price to Earnings was 14.76 for Q2 2026, up 50.6% from 9.80 a year earlier and up 20.1% from the prior quarter.
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Analysis
First Merchants (FRME) Price to Earnings (2011 - 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%).
- The Q2 2026 figure ranks as the highest quarterly Price to Earnings since Q1 2021.
- Year over year, Price to Earnings gained in five of the last eight quarters, with growth averaging 15.8%.
- 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 Q2 2026 came in at 12.29 (Q1 2026), 9.52 (Q4 2025) and 9.32 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - |
| 10 | First Merchants | 2.50 Bn | 2.50 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.76 |
| Mar 31, 2026 | 12.29 |
| Dec 31, 2025 | 9.52 |
| Sep 30, 2025 | 9.32 |
| Jun 30, 2025 | 9.80 |
| Mar 31, 2025 | 11.30 |
| Dec 31, 2024 | 11.59 |
| Sep 30, 2024 | 12.17 |
| Jun 30, 2024 | 10.45 |
| Mar 31, 2024 | 9.93 |
| Dec 31, 2023 | 9.93 |
| Sep 30, 2023 | 6.60 |
| Jun 30, 2023 | 6.50 |
| Mar 31, 2023 | 8.28 |
| Dec 31, 2022 | 11.02 |
| Sep 30, 2022 | 11.55 |
| Jun 30, 2022 | 11.21 |
| Mar 31, 2022 | 10.86 |
| Dec 31, 2021 | 10.89 |
| Sep 30, 2021 | 11.03 |
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();