First Merchants Corporation operates as a financial holding company.
The company has one full-service bank charter, First Merchants Bank, which opened for business in Muncie, Indiana. The bank also operates First Merchants Private Wealth Advisors (a…
Analysis
Hidden champion
First Merchants Corporation fits the profile of a hidden champion, yet the market has not awarded it the premium its quality earns.
Valuation data is not available for this company.
Growth is solid; the safety picture is stretched. The company scores 10/20 on our value-creation score: creating some value. Analysts lean positive.
No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.
360° rank · history
1007550250
Jan 202359
81
2023202420252026
All-time high
90
Mar 2026
All-time low
59
Jan 2023
Average rank
75
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
49
31
38
43
Price/Earnings
85
62
66
56
Price/Book
86
56
64
56
Dividend Yield
89
65
61
57
Value (overall)
90
57
61
59
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.