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39.15%Payout Ratio (based on FCFPS)
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Market
24
Sector
30
Industry
32
History
-
$ 37.3Close
$ 34.13 - $ 45.25 52-Week Range
Ticker Information

Ticker

FRME

Company Name

FIRST MERCHANTS CORP

Sector

Financial Services

Industry

Banks - Regional

Exchange

NASDAQ

FIRST MERCHANTS CORP - Payout Ratio (based on FCFPS) Chart Analysis (TTM)

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FRME - Payout Ratio (FCFPS) Historical data
DateDividends per ShareFree Cash Flow per SharePayout Ratio (based on FCFPS)
6/30/2025$ 1.76$ 4.539.15%
3/31/2025$ 1.75$ 4.6237.88%
12/31/2024$ 1.74$ 4.5538.26%
9/30/2024$ 1.38$ 4.8928.24%
6/30/2024$ 1.37$ 4.5829.93%
3/31/2024$ 1.36$ 4.0533.61%
12/31/2023$ 1.68$ 4.3638.52%
9/30/2023$ 1.32$ 4.9826.53%
6/30/2023$ 1.3$ 4.8226.95%
3/31/2023$ 1.28$ 4.9725.73%
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Key Performance Insights, Last 5 Years

  • FIRST MERCHANTS CORP's latest trailing twelve months (TTM) Payout Ratio (FCFPS) stands at 30%.
  • Over the past 5 years, FIRST MERCHANTS CORP's average Payout Ratio (FCFPS) has been 31.52%.
  • The median Payout Ratio (FCFPS) for FIRST MERCHANTS CORP during this period was 30.12%
  • FIRST MERCHANTS CORP reached its highest Payout Ratio (FCFPS) over the past 5 years at 39.15%.
  • The lowest Payout Ratio (FCFPS) recorded by FIRST MERCHANTS CORP in the same timeframe 25.73%

FIRST MERCHANTS CORP's Payout Ratio (FCFPS) vs. competitors

We picked the following companies as peers based on multiple factors, including sector, industry, market capitalization and revenue

Payout Ratio (FCFPS) Benchmarks
CompanyPayout Ratio (FCFPS)
BANR : BANNER CORP 31.53%NBTB : NBT BANCORP INC 40.53%EFSC : ENTERPRISE FINANCIAL SERVICES CORP 18.11%PPBI : PACIFIC PREMIER BANCORP INC 71.22%BOH : BANK OF HAWAII CORP 89.3%OFG : OFG BANCORP 25.21%CUBI : CUSTOMERS BANCORP INC 0%TRMK : TRUSTMARK CORP 21.98%WAFD : WAFD INC 33.37%SBCF : SEACOAST BANKING CORP OF FLORIDA 31.19%

Definition of Payout Ratio (based on FCFPS)

[Calculation] Measures the ratio between a company’s dividend per share [DPS] and its free cash flow per share [FCFPS]. The dividend of a company with a low payout ratio tends to be future proof.
DPS / FCFPS
(=) Payout Ratio (FCFPS)
Payout Ratio (FCFPS) for FIRST MERCHANTS CORP is calculated as follows: DPS [ $ 1.04 ] / FCFPS [ $ 3.47 ]
(=) Payout Ratio (FCFPS) [ 30% ]

FRME - Payout Ratio (based on FCFPS), Last 5 years

25.73%

Minimum

Mar 31, 2023

39.15%

Maximum

Jun 30, 2025

31.52%

Average

30.12%

Median

Payout Ratio (FCFPS) Benchmark Analysis

The chart above depicts the distribution of Payout Ratio (FCFPS) for companies in the Total Stock Market. The average Payout Ratio (FCFPS) of the companies is 14.44% with a standard deviation of 18.56%.
The following table provides additional summary stats:
Payout Ratio (FCFPS) in the Market:
filtered constituents2.15K
min0%
max66.55%
average14.44%
median2.04%
std18.56%