First Merchants CORP (FRME) 13F Investor Activity Report (Q2 2026)

FRME ranks #2063 out of 37503 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

FRME is a top-conviction position for PL Capital Advisors, LLC — at 8.3% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in FRME belongs to BlackRock, Inc., but the position matters far more to PL Capital Advisors, LLC, who has 8.3% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

California State Teachers Retirement System has added to its FRME position for two straight quarters, increasing it by $69.2M to reach $71.2M today.

Barclays PLC has trimmed its FRME position for two straight quarters, cutting it by $3.4M while still holding $729.8K.

FRME is up 1.9% today, and institutions have been net buyers of $195.9M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

FRME closed its latest fiscal year with net income of $226.0M, and currently trades at a P/E of 10.6.

• Profitable — net income of $226.0M in the latest fiscal year
• Revenue grew 4.1% year over year
• Net income improved year over year, from $201.4M to $226.0M
• Generated $283.6M in positive operating cash flow
• Liabilities run 6.71x equity — a highly leveraged balance sheet worth noting