FRME – Dividend Returns, History & Calculator

Dividend Contender 13 Years

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit an

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Company Info

Symbol FRME
Company First Merchants Corporation
Sector Financial Services
Industry Banks - Regional
Website Visit
Market Cap $2,139.2M

Price Data

Price $37.00
Price Change -0.68
Price Change % -1.80%
Next Earnings Oct 22, 2025
Low (52W) $33.13
High (52W) $46.13

Dividend Data

Div Yield 389.19%
5Y Avg Yield 354.47%
Current Div $0.360
Payouts/Year 4
Annualized $1.440
Previous Div $0.360
Ex-Date Sep 5, 2025

Growth Rates

Chowder Number 10.3
DGR 1Y 2.9%
DGR 3Y 5.2%
DGR 5Y 6.4%
DGR 10Y 14.1%

Total Returns

TTR 1Y - With Specials 1.0%
TTR 3Y - With Specials 0.9%
TTR 1Y - No Specials 1.0%
TTR 3Y - No Specials 0.9%

Fair Value

Fair Value (P/E 10) $36.83
FV (P/E 10) % 0.0%
Fair Value (Peter Lynch) $19.25
FV (Peter Lynch) % 92.0%
Fair Value (Blended) $38.10
FV (Blended) % -3.0%

Financial Metrics

Revenue 1Y -4.2%
NPM 33.1%
CF/Share $4.49
ROE 9.9%
Debt/Capital 29.0%
ROTC 6.9%
P/E 9.6x
P/BV 0.9x
PEG 1.24
📊 Financial data last updated: October 16, 2025 10:00 am

Calculate your FRME Dividend Returns

Quickly and easily calculate FRME dividend yield using our FRME calculator. Adjust the fields below to see how your FRME investments snowball over time.

Show Idealized Scenario (Assumes all future extra investments and dividends are made on Day 1 and reinvested instantly — this creates a best-case scenario for compounding growth.)

Portfolio Growth Over Time

Data last updated: October 16, 2025 6:54 pm

Year-by-Year Portfolio Growth (Realistic DRIP Scenario)

YearStart BalanceStart SharesShare PriceDividend / ShareDividend YieldYield on CostAnnual DividendTotal DividendsEnd SharesEnd Balance
1$10,000282$35.46$0.364.06%4.06%$443$443328$11,643
2$12,012328$36.58$0.414.43%4.57%$575$1,018377$13,787
3$14,225377$37.75$0.464.84%5.15%$737$1,755428$16,162
4$16,675428$38.94$0.515.28%5.80%$938$2,693483$18,812
5$19,409483$40.18$0.585.76%6.53%$1,186$3,879542$21,795
6$22,486542$41.45$0.656.28%7.35%$1,495$5,373607$25,181
7$25,980607$42.77$0.736.86%8.27%$1,880$7,254679$29,060
8$29,982679$44.12$0.837.48%9.31%$2,365$9,618760$33,547
9$34,611760$45.52$0.938.17%10.48%$2,977$12,595852$38,788
10$40,018852$46.97$1.058.91%11.80%$3,756$16,351958$44,974

FRME Dividend History

Ex-Date Payment Date Amount TTM Yield Forward Yield Price on Ex-Date
09/05/202509/05/2025$0.3603.46%3.51%$41.01
06/06/202506/06/2025$0.3603.82%3.90%$36.95
03/07/202503/07/2025$0.3503.39%3.39%$41.31
12/06/202412/06/2024$0.3503.23%3.25%$43.06
09/06/202409/06/2024$0.3503.79%3.85%$36.40
06/07/202406/07/2024$0.3504.34%4.43%$31.60
02/29/202402/29/2024$0.3404.10%4.10%$33.20
11/30/202311/30/2023$0.3404.37%4.43%$30.67
08/31/202308/31/2023$0.3404.42%4.56%$29.84
06/01/202306/01/2023$0.3404.86%5.08%$26.76
03/02/202303/02/2023$0.3203.20%3.20%$40.06
12/01/202212/01/2022$0.3202.87%2.94%$43.50
09/01/202209/01/2022$0.3203.06%3.21%$39.88
06/02/202206/02/2022$0.3202.91%3.13%$40.95
03/03/202203/03/2022$0.2902.66%2.66%$43.63
12/02/202112/02/2021$0.2902.78%2.85%$40.67
09/02/202109/02/2021$0.2902.70%2.84%$40.79
06/03/202106/03/2021$0.2902.34%2.54%$45.70
03/04/202103/04/2021$0.2602.35%2.35%$44.19
12/03/202012/03/2020$0.2603.02%3.02%$34.47
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FRME 10-yr Total Return ($10,000 invested)

This analysis of FRME demonstrates the power of dividend reinvestment over a 10-year period with a $10,000 initial investment. The dividend reinvestment strategy delivered a 7.5% CAGR, representing moderate long-term performance. The DRIP strategy provided 21% more total return compared to collecting dividends as cash, highlighting the compounding effect of reinvestment.

With DRIP No DRIP

Total Return with and without DRIP (FRME)

Over the selected period, investing $10,000 in FRME would grow to $28,130 with DRIP (181.3%), and $25,375 without DRIP (153.8%).

FRME Dividend Reinvestment Snowball

Investing $10,000 + $100/mo in FRME with historic price growth (3.22%) and dividend growth (12.59%) produces dramatically different outcomes depending on whether you reinvest dividends.

After 20 Years

Your Investment: $34,000

With DRIP

Portfolio: $295,111

Annual Dividend: $67,838

Yield on Cost: 199.52%

Total Dividends: $214,548

No DRIP

Portfolio: $124,290

Total Dividends: $71,912

After 30 Years

Your Investment: $46,000

With DRIP

Portfolio: $11,108,313

Annual Dividend: $6,088,616

Yield on Cost: 13,236.12%

Total Dividends: $10,244,174

No DRIP

Portfolio: $402,400

Total Dividends: $316,373

Milestones on the way

By year 13, the compounding really starts to show. Your total dividends collected reach $34,109 against a total investment of $25,600. At this point, your portfolio is throwing off $9,113 per year in dividends alone.

By year 17, the annual dividend climbs to around your initial contribution. For a starting investment of $10,000, the yearly dividend now sits at approximately $26,722, a powerful “income on autopilot” milestone.

After two decades, cumulative dividends total $214,548 versus $34,000 invested, nearly a 631% recovery of capital purely from income. Yield on cost reaches 199.52%.

At year 25, the income engine takes over. The portfolio’s annual dividend of $460,054 is greater than total contributions to date ($40,000), and cumulative dividends exceed $1,107,790.

By year 30, the DRIP snowball is in full force. Yearly income reaches $6,088,616, cumulative dividends total $10,244,174, and the DRIP portfolio value stands at $11,108,313, compared with $402,400 if dividends weren’t reinvested.

How we estimate these numbers

We use the latest calculator inputs for FRME, price $35.62, dividend per period $0.36 (4×/year), along with historic growth assumptions: price growth 3.22% and dividend growth 12.59% annually.

We simulate month by month for 30 years. Every month, a $100 contribution is added and converted to shares at that month’s price. Dividends are paid roughly evenly across the year based on the dividend frequency; in the DRIP path, each payout immediately buys additional shares at the then-current price. In the No‑DRIP path, dividends accrue as cash. Prices grow using a monthly rate derived from the annual price growth. Dividends per share increase once per year at the annual dividend growth rate.

This model isn’t investment advice; it’s a simple, transparent framework that illustrates how reinvesting dividends can accelerate both income and total return over time.

Projected Future Returns & Dividends for FRME

Based on past 10-year performance, here are FRME growth metrics:

Share price CAGR of +4.75%
Dividend CAGR of +14.09%

Using FRME CAGR metrics, we can estimate that your initial $10,000 investment, over the next 10 years, should grow as follows:

FRME (DRIP)FRME (No DRIP)
Current Price$35.62$35.62
Start Shares280.74280.74
Start Value$10,000$10,000
After 10 years:
Final Share Count534.70280.78
Dividends Payment$5.38$5.38
Annual Dividends$2,628$1,511
Yield on cost26.28%15.11%
Share Price$56.63$56.63
Total Dividends$12,428$8,960
Final Value$30,279$24,860

Estimated Future Value + Dividends – FRME

Dividend History: Payments & Yield

Shows quarterly dividend payments with trailing yield and a 5-year rolling average overlay. Use the range pills to switch the visible period.

Yield Dividend

Dividend Growth

Lifetime quarterly dividend amounts, with range controls for 1Y/2Y/5Y/10Y. Useful to visualize the cadence and pace of dividend increases over time.

Dividend

Dividend Payments & Yield

Quarterly dividends with TTM yield and a 5‑year rolling average overlay. Helps compare current yield versus recent history across different ranges.

Dividend 5-yr Rolling AVG Yield

FRME Dividend History

Ex-Date Payment Date Amount TTM Yield Forward Yield Price on Ex-Date
09/05/202509/05/2025$0.3603.46%3.51%$41.01
06/06/202506/06/2025$0.3603.82%3.90%$36.95
03/07/202503/07/2025$0.3503.39%3.39%$41.31
12/06/202412/06/2024$0.3503.23%3.25%$43.06
09/06/202409/06/2024$0.3503.79%3.85%$36.40
06/07/202406/07/2024$0.3504.34%4.43%$31.60
02/29/202402/29/2024$0.3404.10%4.10%$33.20
11/30/202311/30/2023$0.3404.37%4.43%$30.67
08/31/202308/31/2023$0.3404.42%4.56%$29.84
06/01/202306/01/2023$0.3404.86%5.08%$26.76
03/02/202303/02/2023$0.3203.20%3.20%$40.06
12/01/202212/01/2022$0.3202.87%2.94%$43.50
09/01/202209/01/2022$0.3203.06%3.21%$39.88
06/02/202206/02/2022$0.3202.91%3.13%$40.95
03/03/202203/03/2022$0.2902.66%2.66%$43.63
12/02/202112/02/2021$0.2902.78%2.85%$40.67
09/02/202109/02/2021$0.2902.70%2.84%$40.79
06/03/202106/03/2021$0.2902.34%2.54%$45.70
03/04/202103/04/2021$0.2602.35%2.35%$44.19
12/03/202012/03/2020$0.2603.02%3.02%$34.47
09/03/202009/03/2020$0.2604.10%4.10%$25.36
06/04/202006/04/2020$0.2603.58%3.58%$29.03
03/05/202003/05/2020$0.2603.08%3.08%$33.81
12/05/201912/05/2019$0.2602.50%2.60%$40.07
08/29/201908/29/2019$0.2602.67%2.90%$35.92
05/17/201905/17/2019$0.2602.59%2.93%$35.53
02/28/201902/28/2019$0.2202.18%2.18%$40.39
12/06/201812/06/2018$0.2202.15%2.25%$39.11
09/06/201809/06/2018$0.2201.67%1.84%$47.79
05/31/201805/31/2018$0.2201.67%1.93%$45.49
03/01/201803/01/2018$0.1801.74%1.74%$41.39
11/30/201711/30/2017$0.1801.58%1.64%$43.80
08/30/201708/30/2017$0.1801.69%1.84%$39.15
05/31/201705/31/2017$0.1801.56%1.81%$39.69
03/01/201703/01/2017$0.1501.43%1.48%$40.67
11/30/201611/30/2016$0.1501.57%1.75%$34.33
08/31/201608/31/2016$0.1401.84%2.06%$27.15
06/01/201606/01/2016$0.1401.81%2.15%$26.00
03/02/201603/02/2016$0.1101.93%1.93%$22.85
12/02/201512/02/2015$0.1101.53%1.64%$26.86
09/02/201509/02/2015$0.1101.46%1.69%$26.06
06/03/201506/03/2015$0.1101.47%1.85%$23.80
03/05/201503/05/2015$0.0801.41%1.41%$22.68
12/03/201412/03/2014$0.0801.33%1.46%$21.88
09/03/201409/03/2014$0.0801.29%1.58%$20.19
06/04/201406/04/2014$0.0801.15%1.61%$19.92
03/05/201403/05/2014$0.0500.91%0.91%$21.97
12/04/201312/04/2013$0.0500.87%0.97%$20.71
09/04/201309/04/2013$0.0500.94%1.17%$17.11
05/30/201305/30/2013$0.0500.83%1.19%$16.78
03/13/201303/13/2013$0.0300.79%0.79%$15.22
11/29/201211/29/2012$0.0300.74%0.88%$13.59
08/30/201208/30/2012$0.0300.57%0.86%$13.96
05/31/201205/31/2012$0.0300.51%1.02%$11.73
03/01/201203/01/2012$0.0100.36%0.36%$11.00
12/01/201112/01/2011$0.0100.51%0.51%$7.92
08/31/201108/31/2011$0.0100.53%0.53%$7.59
06/02/201106/02/2011$0.0100.49%0.49%$8.12
03/03/201103/03/2011$0.0100.44%0.44%$8.99
12/02/201012/02/2010$0.0100.45%0.45%$8.98
09/01/201009/01/2010$0.0101.37%0.50%$8.05
06/03/201006/03/2010$0.0102.09%0.46%$8.61
03/03/201003/03/2010$0.0104.16%0.67%$6.01
12/02/200912/02/2009$0.0808.06%5.49%$5.83
09/02/200909/02/2009$0.0809.34%4.82%$6.64
06/03/200906/03/2009$0.0807.97%3.31%$9.66
03/04/200903/04/2009$0.2309.97%9.97%$9.23
12/03/200812/03/2008$0.2304.70%4.70%$19.58
09/03/200809/03/2008$0.2304.69%4.69%$19.63
06/04/200806/04/2008$0.2303.88%3.88%$23.73
03/04/200803/04/2008$0.2303.56%3.56%$25.87
12/04/200712/04/2007$0.2304.49%4.49%$20.51
09/04/200709/04/2007$0.2304.18%4.18%$21.99
06/04/200706/04/2007$0.2303.76%3.76%$24.46
03/02/200703/02/2007$0.2303.97%3.97%$23.17
12/04/200612/04/2006$0.2303.44%3.44%$26.75
09/01/200609/01/2006$0.2303.81%3.81%$24.16
06/01/200606/01/2006$0.2303.80%3.80%$24.20
03/02/200603/02/2006$0.2303.62%3.62%$25.38
12/02/200512/02/2005$0.2303.50%3.50%$26.30
09/01/200509/01/2005$0.2303.45%3.45%$26.70
06/02/200506/02/2005$0.2303.68%3.68%$25.00
03/03/200503/03/2005$0.2303.49%3.49%$26.34
12/02/200412/02/2004$0.2303.37%3.37%$27.30
09/01/200409/01/2004$0.2303.82%3.82%$24.11
06/02/200406/02/2004$0.2303.81%3.81%$24.15
03/03/200403/03/2004$0.2303.59%3.64%$25.30
12/03/200312/03/2003$0.2303.59%3.68%$25.00
09/03/200309/03/2003$0.2303.29%3.41%$26.98
06/04/200306/04/2003$0.2193.68%3.68%$23.81
03/04/200303/04/2003$0.2193.90%3.95%$22.21
12/04/200212/04/2002$0.2194.02%4.12%$21.29
09/04/200209/04/2002$0.2193.31%3.43%$25.52
06/06/200206/06/2002$0.2093.31%3.31%$25.22
03/05/200203/05/2002$0.2093.88%3.92%$21.27
12/04/200112/04/2001$0.2093.79%3.88%$21.50
09/06/200109/06/2001$0.2093.70%3.83%$21.77
06/04/200106/04/2001$0.1994.08%4.08%$19.48
03/02/200103/02/2001$0.1993.94%3.98%$19.98
12/04/200012/04/2000$0.1993.88%3.97%$20.04
09/01/200009/01/2000$0.1994.05%4.18%$19.00
06/06/200006/06/2000$0.1903.90%3.90%$19.49
03/02/200003/02/2000$0.1903.55%3.63%$20.95
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Dividend Payout Ratio

Tracks the percentage of earnings paid out as dividends each quarter. Lower and stable ratios often indicate safer, more sustainable payouts.

Payout Ratio

Dividend to Free Cash Flow Ratio

Shows dividends as a percentage of free cash flow. Consistently high values may signal limited reinvestment capacity or potential dividend risk.

Dividend/FCF Ratio

Share Price

Historical closing price with range controls. Table view includes quarter‑over‑quarter and year‑over‑year changes for additional context.

FRME Price

Price to Earnings

FRME trades at a 36.6x price-to-earnings ratio. This elevated valuation suggests investors expect strong future growth.

Price to Sales

FRME trades at a 12.1x price-to-sales ratio, providing insight into market valuation relative to revenue generation.

Revenue

FRME generated $0.2B in revenue. Revenue has grown by 31% over the period.

Net Income

FRME reported $0.1B in net income.

Revenue vs Net Income

FRME generated $0.2B in revenue with net income of $0.1B, representing a 33.1% net profit margin.

Gross Profit

FRME achieved $0.1B in gross profit, showing revenue after direct production costs.

Operating Income

FRME generated $0.1B in operating income, representing profit from core business operations.

EBITDA

FRME generated $0.1B in EBITDA, measuring operational profitability before interest, taxes, depreciation, and amortization.

Operating Cash Flow

FRME generated $0.1B in operating cash flow, demonstrating the company’s ability to convert earnings into cash.

Free Cash Flow

FRME generated $0.1B in free cash flow.

Free Cash Flow / Share

FRME generates $1.02 in free cash flow per share.

Earnings Per Share (EPS)

FRME reported $0.97 in earnings per share.

Return on Equity (ROE)

FRME delivered a 27.6% return on equity, indicating how effectively the company generates returns for shareholders.

Return on Assets (ROA)

FRME achieved a 16.5% return on assets, measuring how efficiently the company uses its assets to generate profit.

Net Profit Margin

FRME maintains a 33.1% net profit margin, showing the percentage of revenue retained as profit after all expenses.

Gross Profit Margin

FRME operates with a 82.5% gross profit margin, reflecting pricing power and cost efficiency in core operations.

Cash & Debt

FRME holds $0.0B in cash against $0.0B in debt, resulting in a net cash position of $0.0B.

Shares Outstanding

FRME has 0.1B shares outstanding.

Stock-Based Comp

FRME reported $0.0B in stock-based compensation. Over the period, stock-based compensation has increased by 31%.

FCF vs Stock Based Comp

FRME generated $0.1B in free cash flow while spending $0.0B on stock-based compensation, representing 7% of FCF.

FCF vs FCF / Share

FRME reported $0.1B in free cash flow, translating to $1.02 per share.

Revenue: Actual + Estimates

This chart tracks FRME revenue: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

EPS: Actual + Estimates

This chart tracks FRME eps: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

Net Income: Actual + Estimates

This chart tracks FRME net income: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

EBITDA: Actual + Estimates

This chart tracks FRME ebitda: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

Disclaimer: The information on this page is for educational and entertainment purposes only and does not constitute financial advice. Do your own research and consult a qualified financial advisor before making investment decisions. Data sources include Yahoo Finance and other third-party providers and may contain errors or delays.

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