First Merchants [FRME] vs PNC Financial [PNC] Detailed Stock Comparison

First Merchants Corporation

NASDAQ
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PNC Financial Services Group, Inc.

NYSE
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TLDR: Quick Comparison Summary

Based on 19 vital metrics comparison: First Merchants Corporation wins in 10 metrics, PNC Financial Services Group, Inc. wins in 9 metrics, with 0 ties. First Merchants Corporation appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric First Merchants Corporation PNC Financial Services Group, Inc. Better
P/E Ratio (TTM) 10.40 12.56 First Merchants Corporation
Price-to-Book Ratio 0.94 1.39 First Merchants Corporation
Debt-to-Equity Ratio 0.43 1.12 First Merchants Corporation
PEG Ratio -1.04 11.84 PNC Financial Services Group, Inc.
Profit Margin (TTM) 35.22% 28.75% First Merchants Corporation
Operating Margin (TTM) 42.70% 35.28% First Merchants Corporation
EBITDA Margin (TTM) 42.70% 35.28% First Merchants Corporation
Return on Equity 9.47% 11.33% PNC Financial Services Group, Inc.
Return on Assets (TTM) 1.21% 1.09% First Merchants Corporation
Free Cash Flow (TTM) $283.65M $7.88B PNC Financial Services Group, Inc.
Dividend Yield 4.26% 3.02% First Merchants Corporation
1-Year Return 16.98% 37.08% PNC Financial Services Group, Inc.
Price-to-Sales Ratio (TTM) 3.99 3.35 PNC Financial Services Group, Inc.
Enterprise Value $3.32B $128.31B PNC Financial Services Group, Inc.
EV/Revenue Ratio 5.18 6.11 First Merchants Corporation
Revenue per Share (TTM) $11 $53 PNC Financial Services Group, Inc.
Earnings per Share (Diluted) $3.88 $14.15 PNC Financial Services Group, Inc.
Beta (Stock Volatility) 0.88 1.07 First Merchants Corporation
Short % of Float 2.25% 1.26% PNC Financial Services Group, Inc.

First Merchants Corporation vs PNC Financial Services Group, Inc. Stock Performance Analysis

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FRME
PNC

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
First Merchants Corporation-2.23%2.82%5.24%11.94%5.54%9.73%
PNC Financial Services Group, Inc.-2.99%1.51%8.33%14.85%9.33%9.03%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
First Merchants Corporation16.98%46.40%1.40%72.15%389.42%82.05%
PNC Financial Services Group, Inc.37.08%84.99%33.27%184.01%311.25%243.09%

Performance & Financial Health Analysis: First Merchants Corporation vs PNC Financial Services Group, Inc.

MetricFRMEPNC
Market Information
Market Cap i$2.52B$70.31B
Market Cap CategoryMid capLarge cap
10 Day Avg. Volume i355,5991,904,080
90 Day Avg. Volume i417,3401,960,760
Last Close$41.15$230.56
52 Week Range$34.66 - $43.22$172.88 - $243.94
% from 52W High-4.79%-5.48%
All-Time High$50.65 (Mar 08, 2021)$243.94 (Feb 06, 2026)
% from All-Time High-18.76%-5.48%
Growth Metrics
Quarterly Revenue Growth-0.05%0.05%
Quarterly Earnings Growth-0.11%0.11%
Financial Health
Profit Margin (TTM) i0.35%0.29%
Operating Margin (TTM) i0.43%0.35%
Return on Equity (TTM) i0.09%0.11%
Debt to Equity (MRQ) i0.431.12
Cash & Liquidity
Book Value per Share (MRQ)$42.87$127.98
Cash per Share (MRQ)$5.19$27.54
Operating Cash Flow (TTM) i$283.65M$5.61B
Levered Free Cash Flow (TTM) i$224.13M$5.50B
Dividends
Last 12-Month Dividend Yield i4.26%3.02%
Last 12-Month Dividend i$1.79$6.70

Valuation & Enterprise Metrics Analysis: First Merchants Corporation vs PNC Financial Services Group, Inc.

MetricFRME (Apr 24, 2026)PNC (Jun 13, 2025)
Price Ratios
P/E Ratio (TTM) i10.4012.56
Forward P/E i8.9011.84
PEG Ratio i-1.0411.84
Price to Sales (TTM) i3.993.35
Price to Book (MRQ) i0.941.39
Market Capitalization
Market Capitalization i$2.52B$70.31B
Enterprise Value i$3.32B$128.31B
Enterprise Value Metrics
Enterprise to Revenue i5.186.11
Enterprise to EBITDA iN/AN/A
Risk & Other Metrics
Beta i0.881.07
Book Value per Share (MRQ) i$42.87$127.98

Financial Statements Comparison: First Merchants Corporation vs PNC Financial Services Group, Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricFRME (2025)PNC (2024)
Revenue/Sales i662.95M20.81B
Cost of Goods Sold iN/AN/A
COGS % of Revenue i0.0%0.0%
Gross Profit iN/AN/A
Gross Margin i0.0%0.0%
Research & Development iN/AN/A
Operating Income (EBIT) iN/AN/A
Operating Margin i0.0%0.0%
EBITDA iN/AN/A
EBITDA Margin i0.0%0.0%
Pre-Tax Income i259.11M7.24B
Pre-Tax Income % of Revenue i39.1%34.8%
Income Tax i33.11M1.29B
Income Tax % of Revenue i5.0%6.2%
Net Income (Profit) i226.00M5.95B
Profit Margin i34.1%28.6%

Balance Sheet & Liquidity Metrics

MetricFRME (2025)PNC (2024)
Cash & Equivalents i280.46M46.25B
Total Current Assets iN/AN/A
Total Current Assets % of Revenue i0.0%0.0%
Total Current Liabilities iN/AN/A
Total Current Liabilities % of Revenue i0.0%0.0%
Long-Term Debt i856.18M61.67B
Long-Term Debt % of Revenue i129.1%296.4%
Total Shareholders Equity i2.47B54.47B
Retained Earnings i1.41B59.28B
Retained Earnings % of Revenue i213.3%284.9%
Property, Plant & Equipment i140.49MN/A

Cash Flow Statement Comparison

MetricFRME (2025)PNC (2024)
Operating Cash Flow i278.47M7.96B
Operating Cash Flow % of Revenue i42.0%38.3%
Capital Expenditures iN/AN/A
Free Cash Flow i283.65M7.88B
FCF Margin i42.8%37.9%
Debt Repayment i-1.01B-23.75B
Common Stock Repurchase i-46.89M-1.19B

Short Interest & Institutional Ownership Analysis

MetricFRMEPNC
Shares Short i1.25M4.98M
Short Ratio i2.852.41
Short % of Float i2.25%1.26%
Shares Outstanding i56.95M395.94M
Float Shares i62.25M392.38M
% Held by Insiders i2.05%0.38%
% Held by Institutions i71.44%85.29%
% Held by Public i26.51%14.33%

Dividend Analysis & Yield Comparison: First Merchants Corporation vs PNC Financial Services Group, Inc.

MetricFRMEPNC
Last 12-Month Dividend i$1.79$6.70
Last 12-Month Dividend Yield i4.26%3.02%
3-Year Avg Annual Dividend i$1.51$6.40
3-Year Avg Dividend Yield i0.97%1.00%
3-Year Total Dividends i$4.52$19.20
Ex-Dividend DateMar 06, 2026Jan 20, 2026