First Merchants Corporation (FRME): A Bull Case Theory

We came across a bullish thesis on First Merchants Corporation (FRME) on Substack by Serhio MaxDividends. In this article, we will summarize the bulls’ thesis on FRME. First Merchants Corporation (FRME)'s share was trading at $39.18 as of May 20^th. FRME’s trailing and forward P/E were 11.04 and 11.07 respectively according to Yahoo Finance.

[caption id="attachment_1235232" align="aligncenter" width="768"] An aerial view of a bustling regional banking institution.[/caption]

First Merchants Corp. (FRME), a $2.16 billion regional bank headquartered in Muncie, Indiana, recently...