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First Merchants Corporation Quality Score

FRME

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Quality51

Business quality is the primary weakness (avg 53/100). Valuation is the relative bright spot.

Broad-market heuristics · Not a buy/sell signal

Valuation and growth

Earnings Multiple
90/100
13.0x

Under 20x, reasonable relative to earnings

Price / Book
100/100
1.00x

1.0x book, trading near or below equity

Book Value Growth
70/100
6.4%

5–8% BVPS CAGR, steady compounding

Business Quality & Capital Allocation

Share Dilution
0/100
7.7%

Heavy dilution above 5%

Return on Equity
60/100
7.5%

5–10%, adequate but not exceptional

Capital Adequacy
100/100
12.5%

12.5% equity/assets, well-capitalized

First Merchants (FRME) quality: score, margins and returns

First Merchants (FRME) scores 51/100 on Intrinsiqq's quality score (a mixed business), a weighted blend of 6 metrics each scored 0 to 100. Every metric is computed from SEC filings; this is analysis, not investment advice.

Frequently asked

Is First Merchants (FRME) a high-quality business?+

First Merchants scores 51 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which rates it a mixed business on these measures. Quality and price are separate questions: even a great business can be a poor investment if you overpay, so read this score alongside the valuation. The metric-by-metric breakdown is on this scorecard.

What does First Merchants's quality score measure?+

Intrinsiqq's quality score weighs profitability, returns on capital, revenue growth, and balance-sheet strength, using measures suited to banks, insurers and other financial companies (where free-cash-flow and operating-margin metrics do not apply), each computed from FRME's SEC filings rather than opinion or sentiment. A higher score means a more durable, capital-efficient business; it is not a buy or sell signal. Open each metric on this page to see exactly where First Merchants scores well and where it falls behind.

How the market compares: US profitability statistics

SourceQuality score computed from the 10-Q filed 27 Oct 2026, covering the period ending 30 Sept 2026, as reported to the SEC. Data last refreshed 31 Oct 2026. How this is calculated.

Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically. Checks use broad-market heuristics, so sector norms may differ, and the valuation checks are more cyclical than the quality checks.

Peers

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Held by ETFs

FRME is in 78 US ETFs. The largest of them, with FRME's weight in each:

Spot a number that looks wrong? Check it in FRME's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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Not financial advice. Analytical data for research only.

Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.