boothcheck doesn't label FRME overvalued or undervalued, and it doesn't publish a fair value. It shows what the price assumes instead. At today's price, FRME is priced for growth of +9.8%. The price is supported by asset-based value, while earnings-power/growth-DCF land below the price. A value/asset-supported name, not a pure growth bet. The more the price assumes beyond what FIRST MERCHANTS CORP has actually delivered, the more has to go right to justify it. Whether that bar is too high is your call, and the full bull and bear cases are in the report.
Derived from FIRST MERCHANTS CORP's SEC EDGAR filings via a reverse-DCF inversion. Last analyzed June 27, 2026.
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.