FRME - First Merchants Corporation
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services.
As of May 15, 2026: spot at $39.06, ATM IV 38.6%, net GEX $23.4K.
- Sector
- Financial Services
- Industry
- Banks - Regional
- Market Cap
- $2.49B
- P/E Ratio
- 12.11
- Beta
- 0.87
- 52-Week Range
- 34.66-43.22
- Dividend Yield
- $1.44
- CEO
- Mark K. Hardwick
- Employees
- 2,120
- IPO Date
- Jun 20, 1989
- Exchange
- NASDAQ
What FRME Looks Like to Options Traders Today
IV rank of 14.2% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); positive net gamma exposure ($23.4K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (-0.248) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The FRME overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure. Corporate data is on fundamentals, earnings, analyst ratings, and insider trading.
Frequently asked FRME overview questions
- What is FRME?
- FRME is the ticker symbol for First Merchants Corporation, a listed security. First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. Listed on NASDAQ. FRME is the equity ticker shown on this page; equity options traders use the security for directional, volatility, and income strategies via the listed options chain.
- What does the FRME options snapshot look like today?
- As of May 15, 2026, the FRME options snapshot shows spot at $39.06, ATM IV 38.6%, IV rank 14.2%, net GEX $23.4K, expected move 11.07%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are FRME's key statistics?
- First Merchants Corporation (FRME) carries a market capitalization of $2.49B, trailing P/E ratio of 12.11, beta of 0.87 relative to the broader market, 52-week range of 34.66-43.22. Full income statement, balance sheet, cash flow, and TTM ratio history is on the per-ticker fundamentals page; daily price history and 52-week levels are accessible from the same view. These structural inputs frame how the options market prices implied volatility around earnings windows and capital events.
- What sector or industry does FRME belong to?
- First Merchants Corporation operates in the Financial Services sector, in the Banks - Regional industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare FRME's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the FRME data on this page?
- The options snapshot above is dated May 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Company-profile fields (sector, industry, market cap, P/E, IPO date) refresh from the vendor feed nightly. Financials and earnings refresh as 10-K and 10-Q filings are parsed (typically within several business days of the actual report). FINRA microstructure data refreshes on the source's cadence (daily for short volume, bi-monthly for short interest, weekly for the OTC volume file, twice-monthly for SEC FTD).