Yeah, Texas A&M University does provide scholarships based on merit. Here are some of them:

Century Scholars Program
Total Worth: $5,000 per year
Eligibility: $5,000 per year
Requirement for maintenance: Must maintain a 2.75 overall GPR
Separate application needed: No

Brockman Foundation Scholarship
Total Worth: full cost
Eligibility: full cost
Minimum Criteria: Score at least a minimum 1400 on the SAT (or 30 on the ACT)
Separate application needed: Yes
Application deadline: September 30

Opportunity Award
Total Worth: $100 to $12,500 per year
Eligibility: $100 to $12,500 per year
Separate application needed: Yes
Application deadline: December 1

Texas A&M University provides aids at an average of 18142 per student meeting 76% of students need. 95% of students with need receive financial aid at an average of 12201 need-based grant. They also provide other scholarships including Powell Scholarship and For students from Hurricane Harvey impacted areas.