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First Merchants (FRME) Competitors

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$43.14 -0.10 (-0.23%)
Closing price 07/31/2026 04:00 PM Eastern
Extended Trading
$43.12 -0.02 (-0.03%)
As of 07/31/2026 07:34 PM Eastern
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FRME vs. ABCB, BUSE, CATY, EFSC, and FFBC

Should you buy First Merchants stock or one of its competitors? MarketBeat compares First Merchants with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with First Merchants include Ameris Bancorp (ABCB), First Busey (BUSE), Cathay General Bancorp (CATY), Enterprise Financial Services (EFSC), and First Financial Bancorp. (FFBC). These companies are all part of the "regional banks" industry.

How does First Merchants compare to Ameris Bancorp?

Ameris Bancorp (NASDAQ:ABCB) and First Merchants (NASDAQ:FRME) are both mid-cap finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, media sentiment, risk, profitability, analyst recommendations, valuation, earnings and dividends.

Ameris Bancorp has higher revenue and earnings than First Merchants. First Merchants is trading at a lower price-to-earnings ratio than Ameris Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Ameris Bancorp$1.23B4.79$358.68M$5.5315.81
First Merchants$1.05B2.58$226M$3.1213.83

Ameris Bancorp has a net margin of 21.46% compared to First Merchants' net margin of 17.05%. Ameris Bancorp's return on equity of 9.57% beat First Merchants' return on equity.

Company Net Margins Return on Equity Return on Assets
Ameris Bancorp21.46% 9.57% 1.32%
First Merchants 17.05%9.02%1.14%

In the previous week, Ameris Bancorp had 9 more articles in the media than First Merchants. MarketBeat recorded 12 mentions for Ameris Bancorp and 3 mentions for First Merchants. First Merchants' average media sentiment score of 0.69 beat Ameris Bancorp's score of 0.58 indicating that First Merchants is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Ameris Bancorp
3 Very Positive mention(s)
2 Positive mention(s)
4 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
First Merchants
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

91.6% of Ameris Bancorp shares are held by institutional investors. Comparatively, 73.9% of First Merchants shares are held by institutional investors. 5.7% of Ameris Bancorp shares are held by insiders. Comparatively, 1.8% of First Merchants shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Ameris Bancorp has a beta of 0.91, meaning that its stock price is 9% less volatile than the broader market. Comparatively, First Merchants has a beta of 0.84, meaning that its stock price is 16% less volatile than the broader market.

Ameris Bancorp presently has a consensus target price of $91.67, indicating a potential upside of 4.86%. First Merchants has a consensus target price of $49.00, indicating a potential upside of 13.58%. Given First Merchants' higher probable upside, analysts plainly believe First Merchants is more favorable than Ameris Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Ameris Bancorp
0 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.43
First Merchants
0 Sell rating(s)
4 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.33

Ameris Bancorp pays an annual dividend of $0.80 per share and has a dividend yield of 0.9%. First Merchants pays an annual dividend of $1.48 per share and has a dividend yield of 3.4%. Ameris Bancorp pays out 14.5% of its earnings in the form of a dividend. First Merchants pays out 47.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. First Merchants has raised its dividend for 13 consecutive years. First Merchants is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Summary

Ameris Bancorp beats First Merchants on 15 of the 19 factors compared between the two stocks.

How does First Merchants compare to First Busey?

First Busey (NASDAQ:BUSE) and First Merchants (NASDAQ:FRME) are both mid-cap finance companies, but which is the superior business? We will compare the two businesses based on the strength of their analyst recommendations, media sentiment, earnings, dividends, risk, institutional ownership, profitability and valuation.

First Busey has a net margin of 21.00% compared to First Merchants' net margin of 17.05%. First Busey's return on equity of 10.42% beat First Merchants' return on equity.

Company Net Margins Return on Equity Return on Assets
First Busey21.00% 10.42% 1.41%
First Merchants 17.05%9.02%1.14%

First Busey pays an annual dividend of $1.04 per share and has a dividend yield of 3.4%. First Merchants pays an annual dividend of $1.48 per share and has a dividend yield of 3.4%. First Busey pays out 43.0% of its earnings in the form of a dividend. First Merchants pays out 47.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. First Busey has increased its dividend for 10 consecutive years and First Merchants has increased its dividend for 13 consecutive years. First Merchants is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

First Busey presently has a consensus price target of $32.00, indicating a potential upside of 3.69%. First Merchants has a consensus price target of $49.00, indicating a potential upside of 13.58%. Given First Merchants' higher probable upside, analysts plainly believe First Merchants is more favorable than First Busey.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Busey
0 Sell rating(s)
2 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.86
First Merchants
0 Sell rating(s)
4 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.33

56.5% of First Busey shares are owned by institutional investors. Comparatively, 73.9% of First Merchants shares are owned by institutional investors. 3.8% of First Busey shares are owned by company insiders. Comparatively, 1.8% of First Merchants shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

In the previous week, First Busey had 19 more articles in the media than First Merchants. MarketBeat recorded 22 mentions for First Busey and 3 mentions for First Merchants. First Busey's average media sentiment score of 1.03 beat First Merchants' score of 0.69 indicating that First Busey is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Busey
12 Very Positive mention(s)
1 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
First Merchants
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

First Merchants has higher revenue and earnings than First Busey. First Busey is trading at a lower price-to-earnings ratio than First Merchants, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Busey$1.04B2.50$135.26M$2.4212.75
First Merchants$1.05B2.58$226M$3.1213.83

First Busey has a beta of 0.72, indicating that its stock price is 28% less volatile than the broader market. Comparatively, First Merchants has a beta of 0.84, indicating that its stock price is 16% less volatile than the broader market.

Summary

First Busey and First Merchants tied by winning 10 of the 20 factors compared between the two stocks.

How does First Merchants compare to Cathay General Bancorp?

First Merchants (NASDAQ:FRME) and Cathay General Bancorp (NASDAQ:CATY) are both mid-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their valuation, dividends, risk, profitability, analyst recommendations, media sentiment, earnings and institutional ownership.

First Merchants has a beta of 0.84, suggesting that its stock price is 16% less volatile than the broader market. Comparatively, Cathay General Bancorp has a beta of 0.86, suggesting that its stock price is 14% less volatile than the broader market.

73.9% of First Merchants shares are held by institutional investors. Comparatively, 75.0% of Cathay General Bancorp shares are held by institutional investors. 1.8% of First Merchants shares are held by insiders. Comparatively, 4.5% of Cathay General Bancorp shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Cathay General Bancorp has a net margin of 24.66% compared to First Merchants' net margin of 17.05%. Cathay General Bancorp's return on equity of 11.71% beat First Merchants' return on equity.

Company Net Margins Return on Equity Return on Assets
First Merchants17.05% 9.02% 1.14%
Cathay General Bancorp 24.66%11.71%1.43%

First Merchants pays an annual dividend of $1.48 per share and has a dividend yield of 3.4%. Cathay General Bancorp pays an annual dividend of $1.52 per share and has a dividend yield of 2.4%. First Merchants pays out 47.4% of its earnings in the form of a dividend. Cathay General Bancorp pays out 29.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. First Merchants has increased its dividend for 13 consecutive years. First Merchants is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

First Merchants presently has a consensus target price of $49.00, suggesting a potential upside of 13.58%. Cathay General Bancorp has a consensus target price of $62.25, suggesting a potential downside of 1.49%. Given First Merchants' higher possible upside, analysts clearly believe First Merchants is more favorable than Cathay General Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Merchants
0 Sell rating(s)
4 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.33
Cathay General Bancorp
1 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
2.33

In the previous week, Cathay General Bancorp had 9 more articles in the media than First Merchants. MarketBeat recorded 12 mentions for Cathay General Bancorp and 3 mentions for First Merchants. Cathay General Bancorp's average media sentiment score of 1.05 beat First Merchants' score of 0.69 indicating that Cathay General Bancorp is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Merchants
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Cathay General Bancorp
10 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Cathay General Bancorp has higher revenue and earnings than First Merchants. Cathay General Bancorp is trading at a lower price-to-earnings ratio than First Merchants, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Merchants$1.05B2.58$226M$3.1213.83
Cathay General Bancorp$1.38B3.06$315.12M$5.1212.34

Summary

Cathay General Bancorp beats First Merchants on 14 of the 19 factors compared between the two stocks.

How does First Merchants compare to Enterprise Financial Services?

First Merchants (NASDAQ:FRME) and Enterprise Financial Services (NASDAQ:EFSC) are both mid-cap finance companies, but which is the superior investment? We will compare the two companies based on the strength of their dividends, valuation, institutional ownership, risk, profitability, earnings, media sentiment and analyst recommendations.

First Merchants has higher revenue and earnings than Enterprise Financial Services. Enterprise Financial Services is trading at a lower price-to-earnings ratio than First Merchants, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Merchants$1.05B2.58$226M$3.1213.83
Enterprise Financial Services$1.00B2.42$201.37M$5.0313.18

73.9% of First Merchants shares are held by institutional investors. Comparatively, 72.2% of Enterprise Financial Services shares are held by institutional investors. 1.8% of First Merchants shares are held by insiders. Comparatively, 2.2% of Enterprise Financial Services shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

First Merchants has a beta of 0.84, indicating that its stock price is 16% less volatile than the broader market. Comparatively, Enterprise Financial Services has a beta of 0.79, indicating that its stock price is 21% less volatile than the broader market.

First Merchants pays an annual dividend of $1.48 per share and has a dividend yield of 3.4%. Enterprise Financial Services pays an annual dividend of $1.36 per share and has a dividend yield of 2.1%. First Merchants pays out 47.4% of its earnings in the form of a dividend. Enterprise Financial Services pays out 27.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. First Merchants has raised its dividend for 13 consecutive years and Enterprise Financial Services has raised its dividend for 11 consecutive years. First Merchants is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

In the previous week, First Merchants and First Merchants both had 3 articles in the media. Enterprise Financial Services' average media sentiment score of 0.75 beat First Merchants' score of 0.69 indicating that Enterprise Financial Services is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Merchants
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Enterprise Financial Services
1 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

First Merchants presently has a consensus price target of $49.00, indicating a potential upside of 13.58%. Enterprise Financial Services has a consensus price target of $70.00, indicating a potential upside of 5.56%. Given First Merchants' higher possible upside, analysts plainly believe First Merchants is more favorable than Enterprise Financial Services.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Merchants
0 Sell rating(s)
4 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.33
Enterprise Financial Services
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.80

Enterprise Financial Services has a net margin of 18.72% compared to First Merchants' net margin of 17.05%. Enterprise Financial Services' return on equity of 9.73% beat First Merchants' return on equity.

Company Net Margins Return on Equity Return on Assets
First Merchants17.05% 9.02% 1.14%
Enterprise Financial Services 18.72%9.73%1.11%

Summary

First Merchants beats Enterprise Financial Services on 10 of the 18 factors compared between the two stocks.

How does First Merchants compare to First Financial Bancorp.?

First Merchants (NASDAQ:FRME) and First Financial Bancorp. (NASDAQ:FFBC) are both mid-cap finance companies, but which is the better business? We will compare the two companies based on the strength of their dividends, risk, institutional ownership, profitability, valuation, earnings, media sentiment and analyst recommendations.

First Financial Bancorp. has a net margin of 20.77% compared to First Merchants' net margin of 17.05%. First Financial Bancorp.'s return on equity of 11.13% beat First Merchants' return on equity.

Company Net Margins Return on Equity Return on Assets
First Merchants17.05% 9.02% 1.14%
First Financial Bancorp. 20.77%11.13%1.49%

First Merchants pays an annual dividend of $1.48 per share and has a dividend yield of 3.4%. First Financial Bancorp. pays an annual dividend of $1.00 per share and has a dividend yield of 3.0%. First Merchants pays out 47.4% of its earnings in the form of a dividend. First Financial Bancorp. pays out 35.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. First Merchants has raised its dividend for 13 consecutive years and First Financial Bancorp. has raised its dividend for 1 consecutive years. First Merchants is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

73.9% of First Merchants shares are owned by institutional investors. Comparatively, 77.2% of First Financial Bancorp. shares are owned by institutional investors. 1.8% of First Merchants shares are owned by company insiders. Comparatively, 1.1% of First Financial Bancorp. shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

First Merchants has a beta of 0.84, suggesting that its share price is 16% less volatile than the broader market. Comparatively, First Financial Bancorp. has a beta of 0.92, suggesting that its share price is 8% less volatile than the broader market.

First Financial Bancorp. has higher revenue and earnings than First Merchants. First Financial Bancorp. is trading at a lower price-to-earnings ratio than First Merchants, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Merchants$1.05B2.58$226M$3.1213.83
First Financial Bancorp.$1.26B2.82$255.60M$2.8311.95

First Merchants presently has a consensus price target of $49.00, indicating a potential upside of 13.58%. First Financial Bancorp. has a consensus price target of $33.67, indicating a potential downside of 0.48%. Given First Merchants' higher probable upside, equities research analysts plainly believe First Merchants is more favorable than First Financial Bancorp..

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Merchants
0 Sell rating(s)
4 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.33
First Financial Bancorp.
0 Sell rating(s)
4 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.50

In the previous week, First Financial Bancorp. had 5 more articles in the media than First Merchants. MarketBeat recorded 8 mentions for First Financial Bancorp. and 3 mentions for First Merchants. First Merchants' average media sentiment score of 0.69 beat First Financial Bancorp.'s score of 0.51 indicating that First Merchants is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Merchants
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
First Financial Bancorp.
3 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

First Financial Bancorp. beats First Merchants on 12 of the 19 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding FRME and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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FRME vs. The Competition

MetricFirst MerchantsBanks IndustryFinance SectorNASDAQ Exchange
Market Cap$2.72B$22.56B$13.63B$12.47B
Dividend Yield3.43%3.22%5.95%10.03%
P/E Ratio13.8328.0928.6624.53
Price / Sales2.589.52468.0092.74
Price / Cash9.7516.1744.5046.71
Price / Book1.021.383.686.07
Net Income$226M$2.57B$1.31B$348.34M
7 Day Performance-0.09%0.95%4.00%0.09%
1 Month Performance-0.69%2.40%-0.17%-5.17%
1 Year Performance16.25%30.94%12.94%18.61%

First Merchants Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FRME
First Merchants
4.1492 of 5 stars
$43.14
-0.2%
$49.00
+13.6%
+16.2%$2.72B$1.05B13.832,086
ABCB
Ameris Bancorp
3.6264 of 5 stars
$90.28
-0.6%
$92.67
+2.6%
+32.6%$6.07B$1.20B17.322,850
BUSE
First Busey
4.414 of 5 stars
$29.72
+0.1%
$29.60
-0.4%
+39.4%$2.51B$1.04B13.211,948
CATY
Cathay General Bancorp
3.1782 of 5 stars
$61.85
-0.3%
$51.75
-16.3%
+41.0%$4.15B$844.88M12.751,268
EFSC
Enterprise Financial Services
4.2535 of 5 stars
$66.56
-0.5%
$68.50
+2.9%
+23.2%$2.43B$1.00B12.551,418

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This page (NASDAQ:FRME) was last updated on 8/2/2026 by MarketBeat.com Staff.
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