First Merchants Announces Merger with First Savings

First Merchants ( (FRME) ) just unveiled an update.

On September 24, 2025, First Merchants Corporation and First Savings Financial Group announced a merger agreement where First Savings will merge into First Merchants in an all-stock transaction valued at approximately $241.3 million. This merger, expected to close in the first quarter of 2026, aims to strengthen First Merchants’ presence in southern Indiana and enhance its growth potential through diversified loan offerings. The merger will result in a combined entity with assets of approximately $21 billion and 127 branches across Indiana, Michigan, and Ohio, positioning First Merchants as the second largest financial holding company headquartered in Indiana.

The most recent analyst rating on (FRME) stock is a Buy with a $44.00 price target. To see the full list of analyst forecasts on First Merchants stock, see the FRME Stock Forecast page.

Spark’s Take on FRME Stock

According to Spark, TipRanks’ AI Analyst, FRME is a Outperform.

First Merchants’ strong earnings performance and attractive valuation are key strengths, supported by solid profitability and operational efficiency. However, challenges in revenue growth and cash flow management, along with deposit cost pressures, temper the overall outlook.

To see Spark’s full report on FRME stock, click here.

More about First Merchants

First Merchants Corporation is a financial holding company headquartered in Indiana, focusing on banking services. It operates through its subsidiary, First Merchants Bank, and is known for its strong presence in Indiana, Michigan, and Ohio. First Savings Financial Group, also based in Indiana, operates 16 banking centers in southern Indiana, providing a range of financial services.

Average Trading Volume: 300,160

Technical Sentiment Signal: Strong Buy

Current Market Cap: $2.28B

See more data about FRME stock on TipRanks’ Stock Analysis page.