0.94Price to Book

VS

Market

80

Sector

71

Industry

63

History

78

$ 38.05Close

$ 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 - Price to Book Chart Analysis (TTM)

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10Y

FRME - P/B Historical data

Date	Shareholders Equity	Market Capitalization	Price to Book
6/30/2025	$ 2.35B	$ 2.2B	0.94
3/31/2025	$ 2.33B	$ 2.09B	0.9
12/31/2024	$ 2.3B	$ 2.52B	1.09
9/30/2024	$ 2.3B	$ 2.17B	0.94
6/30/2024	$ 2.21B	$ 2.26B	1.02
3/31/2024	$ 2.22B	$ 2B	0.9
12/31/2023	$ 2.25B	$ 1.97B	0.88
9/30/2023	$ 2.09B	$ 1.63B	0.78
6/30/2023	$ 2.15B	$ 1.92B	0.9
3/31/2023	$ 2.12B	$ 1.63B	0.77

1

Key Performance Insights, Last 5 Years

FIRST MERCHANTS CORP's latest trailing twelve months (TTM) P/B stands at 0.9.
Over the past 5 years, FIRST MERCHANTS CORP's average P/B has been 1.07.
The median P/B for FIRST MERCHANTS CORP during this period was 1.06
FIRST MERCHANTS CORP reached its highest P/B over the past 5 years at 1.41.
The lowest P/B recorded by FIRST MERCHANTS CORP in the same timeframe 0.77

FIRST MERCHANTS CORP's P/B vs. competitors

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

P/B Benchmarks

Company	P/B
BANR : BANNER CORP	1.17	NBTB : NBT BANCORP INC	1.19	EFSC : ENTERPRISE FINANCIAL SERVICES CORP	1.04	PPBI : PACIFIC PREMIER BANCORP INC	0.69	BOH : BANK OF HAWAII CORP	1.43	OFG : OFG BANCORP	1.4	CUBI : CUSTOMERS BANCORP INC	1.04	TRMK : TRUSTMARK CORP	1.08	WAFD : WAFD INC	0.78	SBCF : SEACOAST BANKING CORP OF FLORIDA	1.07

Similar metrics to P/B:

Definition of Price to Book

[Calculation] Measures a company’s [MarketCap] in relation to its [Equity] which is the value of [Assets] minus [Liabilities].

Market Cap / Equity
 (=) P/B

P/B for FIRST MERCHANTS CORP is calculated as follows:

Market Cap [ $ 1.65B ] / Equity [ $ 1.83B ]
 (=) P/B [ 0.9 ]

FRME - Price to Book, Last 5 years

0.77

Minimum

Mar 31, 2023

1.41

Maximum

Mar 31, 2021

1.07

Average

1.06

Median

P/B Benchmark Analysis
Market

The chart above depicts the distribution of P/B for companies in the Total Stock Market. The average P/B of the companies is 2.3 with a standard deviation of 1.81.

The following table provides additional summary stats:

P/B in the Market:

filtered constituents	3.36K
min	0
max	8.04
average	2.3
median	1.63
std	1.81

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Ticker Information

FIRST MERCHANTS CORP - Price to Book Chart Analysis (TTM)

From

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FRME - P/B Historical data

Key Performance Insights, Last 5 Years

FIRST MERCHANTS CORP's P/B vs. competitors

P/B Benchmarks

Similar metrics to P/B:

Definition of Price to Book

FRME - Price to Book, Last 5 years

P/B Benchmark Analysis
Market

P/B in the Market:

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Ticker Information

FIRST MERCHANTS CORP - Price to Book Chart Analysis (TTM)

From

Zoom

FRME - P/B Historical data

Key Performance Insights, Last 5 Years

FIRST MERCHANTS CORP's P/B vs. competitors

P/B Benchmarks

Similar metrics to P/B:

Definition of Price to Book

FRME - Price to Book, Last 5 years

P/B Benchmark AnalysisMarket

P/B in the Market:

P/B Benchmark Analysis
Market