FIRST MERCHANTS CORP (FRME)
Every FINRA and SEC series the site collects for FIRST MERCHANTS CORP: short interest with days to cover, daily short sale volume, fails to deliver and Form 4 insider trades. Listed on Nasdaq, classified by the SEC as national commercial banks.
1.8M
Short interest
settlement 2026-08-14
4.8
Days to cover
-2.2% vs prior
71.7%
Short share of volume
2026-09-11
100
Fails to deliver
settlement 2026-08-11
-$176K
Insider flow, 90 days
0 buys, 1 sells
As of 2026-09-11.
Short interest
FINRA, twice a month; the last 12 months shown, all 48 settlements in the JSONAs of 14 August 2026, short interest in FRME is 1,827,825 shares, up 208,650 shares over the last month. Over the last 48 readings it ranged from 324,433 shares (14 February 2025) to 1,869,073 shares (31 July 2026). The latest reading sits at the top of that range. At the reported average volume of 377K shares a day that is 4.8 days to cover.
Embed this chartfree, with the attribution line it carries
<iframe src="https://xoomar.com/embed/stocks/frme" width="100%" height="440" style="border:0;max-width:100%" loading="lazy" title="XOOMAR chart"></iframe>
| Settlement | Shares short | Change | Avg daily volume | Days to cover |
|---|---|---|---|---|
| 2026-08-14 | 1,827,825 | -2.2% | 376,783 | 4.85 |
| 2026-07-31 | 1,869,073 | +15.4% | 521,466 | 3.58 |
| 2026-07-15 | 1,619,175 | +4.4% | 412,364 | 3.93 |
| 2026-06-30 | 1,551,120 | +6.4% | 576,128 | 2.69 |
| 2026-06-15 | 1,457,403 | +10.3% | 312,600 | 4.66 |
| 2026-05-29 | 1,321,232 | +11.9% | 295,970 | 4.46 |
| 2026-05-15 | 1,180,755 | +13.4% | 297,742 | 3.97 |
| 2026-04-30 | 1,041,573 | -16.3% | 368,218 | 2.83 |
| 2026-04-15 | 1,244,912 | -0.7% | 360,405 | 3.45 |
| 2026-03-31 | 1,253,767 | +16.1% | 451,934 | 2.77 |
| 2026-03-13 | 1,080,270 | +7.8% | 471,105 | 2.29 |
| 2026-02-27 | 1,002,442 | -2.7% | 409,667 | 2.45 |
| 2026-02-13 | 1,030,637 | -6.6% | 436,219 | 2.36 |
| 2026-01-30 | 1,103,107 | +7.9% | 400,785 | 2.75 |
| 2026-01-15 | 1,022,209 | +12.2% | 251,221 | 4.07 |
| 2025-12-31 | 911,365 | -20.2% | 280,994 | 3.24 |
| 2025-12-15 | 1,142,561 | -7.8% | 292,109 | 3.91 |
| 2025-11-28 | 1,239,545 | -2.8% | 226,733 | 5.47 |
| 2025-11-14 | 1,275,458 | +1.4% | 216,771 | 5.88 |
| 2025-10-31 | 1,258,420 | +24.3% | 295,512 | 4.26 |
| 2025-10-15 | 1,012,398 | +17.9% | 379,464 | 2.67 |
| 2025-09-30 | 858,495 | +36.6% | 490,143 | 1.75 |
| 2025-09-15 | 628,511 | +2.6% | 176,616 | 3.56 |
| 2025-08-29 | 612,466 | -4.1% | 226,938 | 2.70 |
Daily short volume
FINRA Reg SHO, last 60 sessions. JSONAs of 11 September 2026, the short share of FRME volume is 71.7%, up 21.8 points over the last five sessions. Over the last 52 readings it ranged from 19.8% (10 August 2026) to 84.5% (14 July 2026). The latest reading is 20.9 points above the 30-session average of 50.7%, on 83K shares reported.
| Date | Short volume | Total volume | Short share | Exempt |
|---|---|---|---|---|
| 2026-09-11 | 59K | 83K | 71.7% | 0 |
| 2026-09-10 | 82K | 129K | 63.3% | 0 |
| 2026-09-09 | 74K | 108K | 68.1% | 88 |
| 2026-09-08 | 75K | 120K | 62.9% | 174 |
| 2026-09-04 | 51K | 116K | 43.7% | 400 |
| 2026-09-03 | 45K | 90K | 49.9% | 0 |
| 2026-09-02 | 64K | 128K | 49.6% | 0 |
| 2026-09-01 | 56K | 79K | 70.1% | 0 |
| 2026-08-31 | 38K | 87K | 43.8% | 0 |
| 2026-08-28 | 58K | 111K | 52.0% | 0 |
| 2026-08-27 | 52K | 100K | 51.4% | 425 |
| 2026-08-26 | 48K | 94K | 50.9% | 0 |
| 2026-08-25 | 28K | 90K | 31.5% | 22 |
| 2026-08-24 | 31K | 67K | 47.1% | 0 |
| 2026-08-21 | 39K | 78K | 50.6% | 0 |
| 2026-08-20 | 54K | 101K | 53.1% | 0 |
| 2026-08-19 | 66K | 92K | 71.2% | 11 |
| 2026-08-18 | 41K | 73K | 56.3% | 41 |
| 2026-08-17 | 56K | 88K | 63.1% | 0 |
| 2026-08-14 | 48K | 87K | 55.2% | 48 |
| 2026-08-13 | 49K | 123K | 40.3% | 0 |
| 2026-08-12 | 64K | 143K | 45.1% | 0 |
| 2026-08-11 | 49K | 150K | 32.7% | 0 |
| 2026-08-10 | 52K | 261K | 19.8% | 0 |
| 2026-08-07 | 34K | 78K | 43.3% | 0 |
| 2026-08-06 | 36K | 118K | 30.7% | 43 |
| 2026-08-05 | 90K | 220K | 41.1% | 210 |
| 2026-08-04 | 60K | 188K | 31.9% | 38 |
| 2026-08-03 | 61K | 102K | 60.0% | 24 |
| 2026-07-31 | 53K | 75K | 71.7% | 0 |
Fails to deliver
SEC, by settlement date. JSONAs of 11 August 2026, the fails-to-deliver balance in FRME is 100 shares, down 79 shares over the last settlement date. Over the last 51 readings it ranged from 1 share (3 February 2026) to 9,984 shares (22 January 2026). The latest reading sits at the bottom of that range.
| Settlement | Shares failed | Price | Value |
|---|---|---|---|
| 2026-08-11 | 100 | $42.42 | $4K |
| 2026-08-07 | 179 | $42.80 | $8K |
| 2026-08-05 | 1,692 | $43.52 | $74K |
| 2026-08-04 | 4 | $43.63 | $175 |
| 2026-07-27 | 193 | $43.18 | $8K |
| 2026-07-07 | 64 | $43.43 | $3K |
| 2026-07-06 | 1 | $43.44 | $43 |
| 2026-06-15 | 1 | $42.09 | $42 |
| 2026-06-10 | 1 | $40.62 | $41 |
| 2026-06-02 | 1 | $39.53 | $40 |
| 2026-04-29 | 23 | $40.48 | $931 |
| 2026-04-22 | 1 | $40.36 | $40 |
| 2026-04-14 | 1 | $41.13 | $41 |
| 2026-03-26 | 1 | $38.18 | $38 |
| 2026-03-18 | 1,009 | $36.67 | $37K |
| 2026-03-12 | 1 | $36.94 | $37 |
| 2026-03-04 | 1 | $39.11 | $39 |
| 2026-03-03 | 1 | $39.35 | $39 |
| 2026-03-02 | 1 | $39.08 | $39 |
| 2026-02-27 | 2,493 | $41.05 | $102K |
| 2026-02-26 | 1 | $41.13 | $41 |
| 2026-02-25 | 1 | $40.40 | $40 |
| 2026-02-24 | 1 | $40.75 | $41 |
| 2026-02-23 | 1 | $42.37 | $42 |
| 2026-02-20 | 14 | $42.07 | $589 |
| 2026-02-19 | 1 | $42.29 | $42 |
| 2026-02-18 | 1 | $42.54 | $43 |
| 2026-02-17 | 1 | $42.05 | $42 |
| 2026-02-13 | 1 | $41.64 | $42 |
| 2026-02-12 | 1 | $42.05 | $42 |
Insider trades
SEC Form 4, newest first, 50 of 95 shown. JSONInsiders at FRME reported 1 open-market sell worth $176K in the last 90 days and no open-market buys. Sells alone are a weak signal; insiders sell for tax, diversification and estate reasons all the time. Latest filing: FLUHLER STEPHAN (Chief Information Officer) on 2026-08-19.
| Date | Insider | Title | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|---|
| 2026-08-19 | FLUHLER STEPHAN | Chief Information Officer | Sell | 4K | $43.20 | $176K | 22K |
| 2026-08-03 | Peterson Joseph C | Chief Commercial Officer | Grant | 8K | $43.63 | $349K | 45K |
| 2026-08-03 | Scurlock Eva D. | Chief Risk Officer | Grant | 700 | $43.63 | $31K | 28K |
| 2026-08-03 | Harris Steven C | Chief Human Resources Officer | Grant | 3K | $43.63 | $131K | 23K |
| 2026-08-03 | Kawiecki Michele | Chief Financial Officer | Grant | 13K | $43.63 | $567K | 72K |
| 2026-08-03 | FLUHLER STEPHAN | Chief Information Officer | Grant | 5K | $43.63 | $218K | 26K |
| 2026-08-03 | MARTIN JOHN | Chief Credit Officer | Grant | 8K | $43.63 | $349K | 72K |
| 2026-08-03 | Stewart Michael J | President | Grant | 16K | $43.63 | $698K | 116K |
| 2026-08-03 | HARDWICK MARK K | Chief Executive Officer | Grant | 21K | $43.63 | $916K | 133K |
| 2026-08-02 | Peterson Joseph C | Chief Commercial Officer | Tax withholding | 919 | $43.14 | $40K | 37K |
| 2026-08-02 | Scurlock Eva D. | Chief Risk Officer | Tax withholding | 224 | $43.14 | $10K | 28K |
| 2026-08-02 | Harris Steven C | Chief Human Resources Officer | Tax withholding | 612 | $43.14 | $26K | 20K |
| 2026-08-02 | Kawiecki Michele | Chief Financial Officer | Tax withholding | 3K | $43.14 | $126K | 59K |
| 2026-08-02 | FLUHLER STEPHAN | Chief Information Officer | Tax withholding | 2K | $43.14 | $66K | 21K |
| 2026-08-02 | MARTIN JOHN | Chief Credit Officer | Tax withholding | 2K | $43.14 | $76K | 64K |
| 2026-08-02 | Stewart Michael J | President | Tax withholding | 6K | $43.14 | $261K | 100K |
| 2026-08-02 | HARDWICK MARK K | Chief Executive Officer | Tax withholding | 6K | $43.14 | $251K | 112K |
| 2026-05-05 | Myers Larry W | First Vice President | Sell | 0 | $40.54 | $16 | 110K |
| 2026-03-31 | Johnson Kevin D | n/a | Grant | 564 | $38.73 | $22K | 9K |
| 2026-03-31 | Sondhi Jason R | n/a | Grant | 605 | $38.73 | $23K | 10K |
| 2026-03-31 | KELLOGG CLARK C | n/a | Grant | 584 | $38.73 | $23K | 15K |
| 2026-03-31 | FISHER MICHAEL J | n/a | Grant | 564 | $38.73 | $22K | 18K |
| 2026-03-31 | Halderman Howard | n/a | Grant | 605 | $38.73 | $23K | 29K |
| 2026-03-31 | Lehman Gary | n/a | Grant | 564 | $38.73 | $22K | 54K |
| 2026-03-31 | RECHIN MICHAEL C | n/a | Grant | 625 | $38.73 | $24K | 90K |
| 2026-03-31 | WOJTOWICZ JEAN L | n/a | Grant | 806 | $38.73 | $31K | 66K |
| 2026-03-31 | Chiang Mung | n/a | Grant | 584 | $38.73 | $23K | 8K |
| 2026-03-31 | Brooks Susan W | n/a | Grant | 584 | $38.73 | $23K | 12K |
| 2026-03-31 | Becher Michael R | n/a | Grant | 625 | $38.73 | $24K | 29K |
| 2026-02-26 | Myers Larry W | First Vice President | Sell | 5K | $41.50 | $208K | 109K |
| 2026-02-12 | Scurlock Eva D. | Chief Risk Officer | Tax withholding | 4K | $41.64 | $159K | 28K |
| 2026-02-12 | Scurlock Eva D. | Chief Risk Officer | Option exercise | 6K | $21.79 | $130K | 31K |
| 2026-02-12 | Scurlock Eva D. | Chief Risk Officer | Option exercise | 681 | $21.79 | $15K | 26K |
| 2026-02-12 | Scurlock Eva D. | Chief Risk Officer | Option exercise | 5K | $26.04 | $124K | 25K |
| 2026-02-11 | FLUHLER STEPHAN | Chief Information Officer | Sell | 4K | $41.96 | $175K | 22K |
| 2026-02-08 | Peterson Joseph C | Chief Commercial Officer | Tax withholding | 2K | $42.34 | $76K | 38K |
| 2026-02-08 | Harris Steven C | Chief Human Resources Officer | Tax withholding | 970 | $42.34 | $41K | 20K |
| 2026-02-08 | Kawiecki Michele | Chief Financial Officer | Tax withholding | 2K | $42.34 | $75K | 61K |
| 2026-02-08 | FLUHLER STEPHAN | Chief Information Officer | Tax withholding | 2K | $42.34 | $76K | 26K |
| 2026-02-08 | MARTIN JOHN | Chief Credit Officer | Tax withholding | 5K | $42.34 | $229K | 65K |
| 2026-02-06 | Scurlock Eva D. | Chief Risk Officer | Sell | 3K | $42.29 | $136K | 20K |
| 2025-12-31 | Johnson Kevin D | n/a | Grant | 583 | $37.48 | $22K | 8K |
| 2025-12-31 | Sondhi Jason R | n/a | Grant | 625 | $37.48 | $23K | 9K |
| 2025-12-31 | KELLOGG CLARK C | n/a | Grant | 604 | $37.48 | $23K | 15K |
| 2025-12-31 | FISHER MICHAEL J | n/a | Grant | 583 | $37.48 | $22K | 18K |
| 2025-12-31 | Halderman Howard | n/a | Grant | 625 | $37.48 | $23K | 28K |
| 2025-12-31 | Lehman Gary | n/a | Grant | 583 | $37.48 | $22K | 53K |
| 2025-12-31 | RECHIN MICHAEL C | n/a | Grant | 646 | $37.48 | $24K | 89K |
| 2025-12-31 | WOJTOWICZ JEAN L | n/a | Grant | 833 | $37.48 | $31K | 64K |
| 2025-12-31 | Chiang Mung | n/a | Grant | 604 | $37.48 | $23K | 8K |
Form 4 filings are due within two business days of the trade. Insiders sell for many reasons that say nothing about the company; open-market buys are the rarer, stronger signal.
13F holders
Tracked managers holding FRME at their latest 13F. JSON7 of the 30 tracked managers held FRME at their latest 13F, $85.1M in total at quarter-end prices. AQR Capital Management is the largest at $24.7M (0.0% of its portfolio) as of 2026-06-30. Over the prior quarter 4 added shares and 3 cut.
| Fund | Quarter | Shares | Value | Of portfolio | Change in shares |
|---|---|---|---|---|---|
| AQR Capital Management | 2026-06-30 | 566K | $24.7M | 0.01% | +161K |
| Two Sigma Investments | 2026-06-30 | 470K | $20.6M | 0.01% | +65K |
| Fisher Asset Management | 2026-06-30 | 367K | $16.0M | 0.00% | +18K |
| Millennium Management | 2026-06-30 | 319K | $13.9M | 0.01% | -39K |
| Citadel Advisors | 2026-06-30 | 140K | $6.1M | 0.00% | -15K |
| D. E. Shaw & Co. | 2026-06-30 | 49K | $2.1M | 0.00% | +15K |
| Point72 Asset Management | 2026-06-30 | 35K | $1.5M | 0.00% | -69K |
Only the 30 tracked managers on the funds hub; a 13F reports long positions in US listed stock at quarter end, 45 days late, and says nothing about shorts or positions sold since.
Financials
SEC XBRL, as filed. JSONIn FY 2025 it generated $283.6M of operating cash flow and spent $46.9M on buybacks and $82.9M on dividends.
- Equity
- $2.67B
- Total assets
- $21.07B
- Shares outstanding
- 63,022,741
Quarterly, last 8 quarters
| Quarter | Period end | Revenue | Net income | Margin | Diluted EPS |
|---|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | n/a | $28.2M | n/a | 0.45 |
| Q4 2025derived | 2025-12-31 | n/a | $57.1M | n/a | n/a |
| Q3 2025 | 2025-09-30 | n/a | $56.8M | n/a | 0.98 |
| Q2 2025 | 2025-06-30 | n/a | $56.8M | n/a | 0.98 |
| Q1 2025 | 2025-03-31 | n/a | $55.3M | n/a | 0.94 |
| Q4 2024derived | 2024-12-31 | n/a | $64.3M | n/a | n/a |
| Q3 2024 | 2024-09-30 | n/a | $49.2M | n/a | 0.84 |
| Q2 2024 | 2024-06-30 | n/a | $39.9M | n/a | 0.68 |
Fiscal years, with buybacks and dividends
| Fiscal year | Ends | Revenue | Net income | Operating cash flow | Capex | Buybacks | Dividends |
|---|---|---|---|---|---|---|---|
| FY 2025 | 2025-12-31 | n/a | $226.0M | $283.6M | n/a | $46.9M | $82.9M |
| FY 2024 | 2024-12-31 | n/a | $201.4M | $266.2M | n/a | $56.2M | $81.6M |
| FY 2023 | 2023-12-31 | n/a | $223.8M | $258.8M | n/a | $0 | $80.1M |
| FY 2022 | 2022-12-31 | n/a | $222.1M | $284.3M | n/a | $0 | $72.7M |
| FY 2021 | 2021-12-31 | n/a | $205.5M | $215.3M | n/a | $25.4M | $61.2M |
Quarters are the three-month figures the company reports; a fourth quarter marked derived is the fiscal year less the three reported quarters, since companies report it only inside the 10-K. Fiscal years are the annual figures. Buybacks are cash paid to repurchase common stock in the year (XBRL PaymentsForRepurchaseOfCommonStock), not authorizations. Balance sheet lines are as of 2026-03-31; shares outstanding as of 2026-04-27 from the cover page.
What this page is
FIRST MERCHANTS CORP in the regulatory record
Regulators publish company data in separate files that never sit next to each other: FINRA's twice-monthly short interest, its daily short sale volume, the SEC's fails-to-deliver counts, and each insider's Form 4. A company page pulls every series the site collects for one ticker onto one URL, keyed by the SEC's own ticker list, so the short position, the daily flow, the settlement fails and what insiders are doing can be read together.
Each section has its own history table, a summary sentence built from the rows (last value, change, range with dates) and its own JSON and CSV links. Nothing on the page is written by a model; the sentences change only when the data does. A page exists only for companies with data in at least two series, and every section says when its source last updated.
This page follows FIRST MERCHANTS CORP (FRME), SEC CIK 712534, listed on Nasdaq, classified by the SEC as national commercial banks. The cross-market tables live on the short interest and insider transactions hubs.
Source and method
- Short interest
- FINRA consolidated short interestTwice a month, about eight business days after settlement. Latest 2026-08-14.JSON and CSV
- Daily short volume
- FINRA Reg SHO daily filesEvery trading day, loaded the following morning. Latest 2026-09-11.JSON and CSV
- Fails to deliver
- SEC fails-to-deliver dataTwice a month, a few weeks after the half month ends. Latest 2026-08-11.JSON and CSV
- 13F holders
- SEC EDGAR Form 13F-HRQuarterly, filed within 45 days of quarter end; 30 tracked managers. Latest 2026-06-30.JSON and CSV
- Financials
- SEC XBRL company factsRefreshed weekly from the SEC's structured data; values are as filed in the 10-Q and 10-K. Latest 2026-03-31.JSON and CSV
- Insider trades
- SEC EDGAR Form 4EDGAR read every 30 minutes; filings are due two business days after the trade. Latest 2026-08-19.JSON and CSV
- Company record
- EDGAR filing index for CIK 712534Ticker, name and exchange from the SEC's company list, refreshed weekly.
- Rate limits
- 30 requests a minute without a key, 120 a minute with a key from a free account.
Data checks. Every dataset is checked against its source once a day. This dataset passed the last run, 13 Sep 05:40 UTC.
How to read it
- Read the position against the flow: rising short interest with a high daily short share is new shorting; rising short interest with a normal short share is old shorts holding on.
- Insider buys next to a crowded short are the combination that has historically preceded squeezes; insider sells next to a crowded short are common and mean little.
- Fails to deliver matter relative to the float, not in absolute shares; a million failed shares in a mega cap is noise.
Analysis of what the data shows, not advice. XOOMAR does not recommend buying, selling or holding anything.
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Datasets
Frequently Asked Questions
How much of FRME is sold short?
What is FRME's daily short volume?
Does FRME have fails to deliver?
Are FRME insiders buying or selling?
What did FRME report last quarter?
Which funds hold FRME?
Data on this page is provided for informational purposes only and is not financial advice. See our editorial policy.