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First Merchants (FRME) Latest Stock Analysis Report – Oct 15, 2026, 4:00 PM ET
FRME rises 1.8% to $39.48. Closed at $39.48, +1.81% vs the prior close of $38.78. Day range $38.85–$39.78, opened at $39.12.
Last close$39.48+1.81%
Day range38.85–39.78
Open39.12
Volume339.80K
52-week range34.66–45.33
Avg volume (20d)553.41K
FRME daily analysis — what happened
A plain-English, data-only note written after every US trading day. Newest first; older days stay archived below.
Oct 15, 2026 — FRME rises 1.8% to $39.48
- Closed at $39.48, +1.81% vs the prior close of $38.78. Day range $38.85–$39.78, opened at $39.12.
- Volume was 339.80K shares, 0.8x its 50-day average of 441.27K.
- Price is -4.1% vs its 50-day average ($41.15) and -2.7% vs its 200-day average ($40.59).
- 52-week range $34.66–$45.33; today's close sits at 45% of that range, 12.9% below the 52-week high.
- SEC filings that day: 8-K.
Oct 14, 2026 — FRME dips 0.7% to $38.78, a 6-month low
- Closed at $38.78, -0.72% vs the prior close of $39.06. Day range $38.38–$38.97, opened at $38.48.
- Volume was 443.20K shares, 1.0x its 50-day average of 443.71K.
- Price is -5.9% vs its 50-day average ($41.23) and -4.4% vs its 200-day average ($40.58).
- 52-week range $34.66–$45.33; today's close sits at 39% of that range, 14.4% below the 52-week high.
Oct 13, 2026 — FRME dips 0.5% to $39.06
- Closed at $39.06, -0.48% vs the prior close of $39.25. Day range $38.78–$39.63, opened at $39.50.
- Volume was 302.00K shares, 0.7x its 50-day average of 445.37K.
- Price is -5.5% vs its 50-day average ($41.32) and -3.7% vs its 200-day average ($40.58).
- 52-week range $34.66–$45.33; today's close sits at 41% of that range, 13.8% below the 52-week high.
Oct 12, 2026 — FRME rises 0.6% to $39.25
- Closed at $39.25, +0.64% vs the prior close of $39.00. Day range $38.99–$39.48, opened at $39.07.
- Volume was 283.30K shares, 0.6x its 50-day average of 446.35K.
- Price is -5.2% vs its 50-day average ($41.41) and -3.3% vs its 200-day average ($40.58).
- 52-week range $34.66–$45.33; today's close sits at 43% of that range, 13.4% below the 52-week high.
Oct 9, 2026 — FRME dips 1.5% to $39.00, a 3-month low
- Closed at $39.00, -1.49% vs the prior close of $39.59. Day range $38.83–$39.52, opened at $39.46.
- Volume was 436.00K shares, 1.0x its 50-day average of 443.21K.
- Price is -6.0% vs its 50-day average ($41.49) and -3.9% vs its 200-day average ($40.57).
- 52-week range $34.66–$45.33; today's close sits at 41% of that range, 14.0% below the 52-week high.
Oct 8, 2026 — FRME rises 0.8% to $39.59
- Closed at $39.59, +0.76% vs the prior close of $39.29. Day range $38.81–$39.76, opened at $39.10.
- Volume was 567.80K shares, 1.3x its 50-day average of 441.06K.
- Price is -4.8% vs its 50-day average ($41.57) and -2.4% vs its 200-day average ($40.57).
- 52-week range $34.66–$45.33; today's close sits at 46% of that range, 12.7% below the 52-week high.
Oct 7, 2026 — FRME dips 1.0% to $39.29, a 3-month low, 3 down days in a row
- Closed at $39.29, -0.96% vs the prior close of $39.67. Day range $38.89–$39.50, opened at $39.27.
- Volume was 700.20K shares, 1.6x its 50-day average of 434.90K.
- Price is -5.7% vs its 50-day average ($41.65) and -3.1% vs its 200-day average ($40.56).
- 52-week range $34.66–$45.33; today's close sits at 43% of that range, 13.3% below the 52-week high.
- That makes 3 straight losses.
Oct 6, 2026 — FRME ends flat (-0.3%) to $39.67
- Closed at $39.67, -0.25% vs the prior close of $39.77. Day range $39.62–$40.15, opened at $40.06.
- Volume was 448.90K shares, 1.0x its 50-day average of 437.91K.
- Price is -4.9% vs its 50-day average ($41.73) and -2.2% vs its 200-day average ($40.56).
- 52-week range $34.66–$45.33; today's close sits at 47% of that range, 12.5% below the 52-week high.
Oct 5, 2026 — FRME dips 0.9% to $39.77
- Closed at $39.77, -0.95% vs the prior close of $40.15. Day range $39.67–$40.25, opened at $40.15.
- Volume was 478.40K shares, 1.1x its 50-day average of 440.25K.
- Price is -4.8% vs its 50-day average ($41.79) and -1.9% vs its 200-day average ($40.56).
- 52-week range $34.66–$45.33; today's close sits at 48% of that range, 12.3% below the 52-week high.
Oct 2, 2026 — FRME rises 1.4% to $40.15 on 1.8x normal volume
- Closed at $40.15, +1.44% vs the prior close of $39.58. Day range $39.80–$40.31, opened at $39.87.
- Volume was 815.30K shares, 1.8x its 50-day average of 448.04K — unusually heavy trading.
- Price is -4.1% vs its 50-day average ($41.86) and -1.0% vs its 200-day average ($40.55).
- 52-week range $34.66–$45.33; today's close sits at 51% of that range, 11.4% below the 52-week high.
Things to know before you trade FRME
- Last results release: Jul 22, 2026 (8-K Item 2.02). Previous ones: Apr 22, 2026, Jan 26, 2026, Oct 22, 2025. Based on that rhythm, the next report is likely around Oct 21, 2026 — an estimate, not a confirmed date.
- How much it moves: over the last 20 sessions the average daily move was 0.81% (largest 1.8%). That is a relatively calm stock.
- Liquidity: about 553.41K shares (≈$21.85M) trade per day on average.
- 52-week position: $39.48 vs a range of $34.66–$45.33 (45% of the range).
- Dividends: last ex-dividend date Sep 4, 2026 ($0.37/share); 4 payments in the past 12 months.
- Splits: none in the last 2 years.
- Insider trades (Form 4, last 12 months, recent 25 shown): 0 open-market buys, 9 sales; latest: Stephan Fluhler sold 4,080 shares on Aug 19, 2026.
- Latest filings: 8-K Oct 15, 2026; 8-K Oct 1, 2026; 8-K Sep 25, 2026.
- Share count: 63.02M shares outstanding (Apr 27, 2026), +8.1% vs a year earlier — notable dilution.
- Listing: Nasdaq · industry: National Commercial Banks.
FRME market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 15, 2026 | 39.12 | 39.78 | 38.85 | 39.48 | 339.80K |
| Oct 14, 2026 | 38.48 | 38.97 | 38.38 | 38.78 | 443.20K |
| Oct 13, 2026 | 39.50 | 39.63 | 38.78 | 39.06 | 302.00K |
| Oct 12, 2026 | 39.07 | 39.48 | 38.99 | 39.25 | 283.30K |
| Oct 9, 2026 | 39.46 | 39.52 | 38.83 | 39.00 | 436.00K |
| Oct 8, 2026 | 39.10 | 39.76 | 38.81 | 39.59 | 567.80K |
| Oct 7, 2026 | 39.27 | 39.50 | 38.89 | 39.29 | 700.20K |
| Oct 6, 2026 | 40.06 | 40.15 | 39.62 | 39.67 | 448.90K |
| Oct 5, 2026 | 40.15 | 40.25 | 39.67 | 39.77 | 478.40K |
| Oct 2, 2026 | 39.87 | 40.31 | 39.80 | 40.15 | 815.30K |
| Oct 1, 2026 | 39.18 | 39.69 | 38.62 | 39.58 | 629.50K |
| Sep 30, 2026 | 40.12 | 40.26 | 39.55 | 39.78 | 551.50K |
| Sep 29, 2026 | 40.38 | 40.68 | 39.85 | 40.08 | 353.30K |
| Sep 28, 2026 | 40.67 | 40.70 | 40.30 | 40.37 | 556.20K |
| Sep 25, 2026 | 40.65 | 41.20 | 40.56 | 40.71 | 754.50K |
| Sep 24, 2026 | 40.28 | 40.57 | 40.04 | 40.49 | 466.30K |
| Sep 23, 2026 | 40.64 | 40.68 | 39.97 | 40.03 | 393.90K |
| Sep 22, 2026 | 41.25 | 41.41 | 40.65 | 40.65 | 582.40K |
| Sep 21, 2026 | 40.95 | 41.08 | 40.70 | 40.90 | 411.10K |
| Sep 18, 2026 | 40.67 | 40.94 | 40.37 | 40.87 | 1.55M |
About First Merchants
First Merchants (FRME) is listed on the Nasdaq and classified by the SEC under “National Commercial Banks”. Its business address is in MUNCIE, IN. State of incorporation: IN. Fiscal year ends December 31. SEC CIK 712534.
FRME board of directors & executives
From SEC Form 3/4/5 insider filings made in the last 12 months (date = latest filing).
Directors
| Name | Role | Latest filing |
|---|---|---|
| Michael R Becher | Director | Jul 2, 2026 |
| Susan W Brooks | Director | Jul 2, 2026 |
| Mung Chiang | Director | Jul 2, 2026 |
| Michael J Fisher | Director | Jul 2, 2026 |
| Patrick J. Fehring | Director | Oct 2, 2025 |
| Paul G Fultz | Director | Jul 2, 2026 |
| Mark K Hardwick | Chief Executive Officer | Sep 22, 2026 |
| Howard Halderman | Director | Jul 2, 2026 |
| Kevin D Johnson | Director | Jul 2, 2026 |
| Clark C Kellogg | Director | Jul 2, 2026 |
| Gary Lehman | Director | Apr 2, 2026 |
| Larry W Myers | Director | Jul 2, 2026 |
| Michael C Rechin | Director | Jul 2, 2026 |
| Jason R Sondhi | Director | Jul 2, 2026 |
| Jean L Wojtowicz | Director | Jul 2, 2026 |
Executive officers
| Name | Title | Latest filing |
|---|---|---|
| Stephan Fluhler | Chief Information Officer | Sep 22, 2026 |
| Mark K Hardwick | Chief Executive Officer | Sep 22, 2026 |
| Steven C Harris | Chief Human Resources Officer | Aug 4, 2026 |
| Michele Kawiecki | Chief Financial Officer | Aug 4, 2026 |
| John Martin | Chief Credit Officer | Aug 4, 2026 |
| Joseph C Peterson | Chief Commercial Officer | Aug 4, 2026 |
| Eva A. Scurlock | Chief Risk Officer | Jan 14, 2026 |
| Eva D. Scurlock | Chief Risk Officer | Aug 12, 2026 |
| Michael J Stewart | President | Aug 4, 2026 |
Recent insider buys & sales
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 19, 2026 | Stephan Fluhler | Sale | 4,080 | $43.20 |
| Jun 12, 2026 | Larry W Myers | Sale | 10,000 | $42.00 |
| Jun 11, 2026 | Larry W Myers | Sale | 10,000 | $41.50 |
| May 5, 2026 | Larry W Myers | Sale | 0 | $40.54 |
| Feb 26, 2026 | Larry W Myers | Sale | 5,000 | $41.50 |
| Feb 26, 2026 | Larry W Myers | Sale | 5,000 | $41.50 |
| Feb 11, 2026 | Stephan Fluhler | Sale | 4,161 | $41.96 |
| Feb 6, 2026 | Eva D. Scurlock | Sale | 3,227 | $42.29 |
| Nov 4, 2025 | Stephan Fluhler | Sale | 5,689 | $35.55 |
FRME financials (annual, from XBRL filings)
| Fiscal year end | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| Dec 31, 2025 | — | $226.00M | 3.88 | $283.65M |
| Dec 31, 2024 | — | $201.40M | 3.41 | $266.21M |
| Dec 31, 2023 | — | $223.79M | 3.73 | $258.83M |
| Dec 31, 2022 | — | $222.09M | 3.81 | $284.29M |
| Dec 31, 2021 | — | $205.53M | 3.81 | $215.34M |
Latest balance sheet: total assets $21.07B, total liabilities $18.40B, cash $177.20M (as of Mar 31, 2026).
FRME earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| Jul 22, 2026 | 8-K Item 2.02 (results) | $43.75 |
| Apr 22, 2026 | 8-K Item 2.02 (results) | $40.37 |
| Jan 26, 2026 | 8-K Item 2.02 (results) | $38.01 |
| Oct 22, 2025 | 8-K Item 2.02 (results) | $36.61 |
| Jul 23, 2025 | 8-K Item 2.02 (results) | $41.25 |
| Apr 24, 2025 | 8-K Item 2.02 (results) | $36.50 |
| Apr 24, 2025 | 8-K Item 2.02 (results) | $36.50 |
| Jan 30, 2025 | 8-K Item 2.02 (results) | $42.71 |
| Jan 30, 2025 | 8-K Item 2.02 (results) | $42.71 |
| Oct 24, 2024 | 8-K Item 2.02 (results) | $36.00 |
| Oct 24, 2024 | 8-K Item 2.02 (results) | $36.00 |
| Jul 25, 2024 | 8-K Item 2.02 (results) | — |
More on FRME
Information only, not investment advice. BuyMeWhiskey is not a registered investment adviser or broker-dealer; nothing here is a recommendation to buy, sell or hold any security, and there are no price targets. Data comes from SEC EDGAR filings and public end-of-day market data and may be delayed or contain errors. Verify with the company's filings before making decisions. Prices: end-of-day data as of Oct 15, 2026, 4:00 PM ET. Filings: SEC EDGAR. Updated after every US trading day.