Is First Merchants Corporation a good dividend stock?

First Merchants Corporation (FRME) is a dividend-paying stock with a current dividend yield of 3.25%. Review its dividend history, payout consistency and growth to judge whether it fits your income strategy.

What is FRME's dividend yield?

The dividend yield for FRME stock is currently 3.25%.

How much does FRME pay in dividends per year?

First Merchants Corporation pays an annual dividend of $1.4500 per share over the trailing twelve months.

How often does FRME pay dividends?

FRME stock pays dividends quarterly.

Is FRME's dividend growing?

First Merchants Corporation's 3-year dividend CAGR is 3.71%.

FRME Stock Price, Chart, Stats & News

First Merchants Corporation

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Overview Dividend safety Dividends Fundamentals

First Merchants Corporation (FRME) is a dividend-paying stock with a current dividend yield of 3.25% as of Jul 17, 2026. It pays $1.45 per share over the trailing twelve months and distributes quarterly. Its dividend has grown at a 6.27% 5-year compound annual rate.

2.81B

Market cap

11.20x

Current P/E

11.07x

Forward P/E

3.25%

Dividend yield

$1.45

FRME dividend

Dividend safety

Strong

Dividend coverage looks healthy — FRME pays out about 36% of earnings.

See the safety analysis

FRME chart

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Fundamentals

Gross margin	60.99%
Operating margin	24.66%
Pretax margin	24.66%
Net margin	21.50%
Effective tax rate	12.78%
ROA	1.19%
ROE	9.46%
D/E	0.41x
Interest coverage ratio	0.67x

All financials

FRME valuation

P/E	11.20x
P/S	2.28x
P/B	0.88x
P/CF	7.67x
P/FCF	8.46x
P/OCF	7.67x
PEG	-3.51x
EV multiple	5.14x

About

First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank. This institution delivers a full spectrum of community banking solutions. It accepts various types of deposits, including term, savings, and checking accounts.