FRME (First Merchants) Receivables Turnover: (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRME First Merchants Corp FRME
64 GF Score
Price $40.92
GF Value $41.68
Valuation Fairly Valued
! 6 Warning Signs
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What is First Merchants Receivables Turnover?

Receivables Turnover does not apply to banks and insurance companies.

FRME
64GF Score
First Merchants Corp FRME
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Is First Merchants (FRME) Overvalued in 2026?

Based on GuruFocus' analysis, First Merchants stock appears to be undervalued. The current stock price of $40.92 is trading 1.8% below its estimated GF Value™ of $41.68. GuruFocus considers First Merchants to be Fairly Valued.

Key valuation signals for FRME:

  • Receivables Turnover:
  • GF Value™: $41.68 vs. price of $40.92 (1.8% below fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the FRME stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Merchants Business Description

Address 200 East Jackson Street, P.O. BOX 792, Muncie, IN, USA, 47305-2814
First Merchants Corporation is a bank holding company headquartered in Muncie, Indiana, operating principally through First Merchants Bank. It provides community banking services to individuals, small and mid-sized businesses, municipalities, and not-for-profit organizations across Indiana, Ohio, Michigan, and Illinois, with additional operations in surrounding Midwestern states. Its offerings include personal and business checking and savings accounts, residential mortgage lending, commercial and industrial loans, commercial real estate financing, construction lending, treasury management, and private banking. The company also provides wealth management, trust and estate services, brokerage, and insurance through affiliated subsidiaries. Revenue is generated primarily from net interest income on loans and investment securities, supplemented by fees from deposit services, fiduciary and wealth management activities, mortgage banking, and other financial products. First Merchants operates a branch network and digital banking channels, and it has expanded through bank acquisitions across its regional footprint.
64GF Score

Get the complete analysis for FRME

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$40.92
Price
$41.68
GF Value