FRME First Merchants Corp

Price (delayed)

$42.05

Market cap

$2.28B

P/E Ratio

15.07

Dividend/share

$1.04

EPS

$2.79

Enterprise value

$2.63B

Sector: Financial Services
Industry: Banks - Regional

Highlights

The company's equity rose by 4.8% YoY
The debt rose by 15% YoY but it fell by 9% QoQ
The stock's price to earnings (P/E) is 52% more than its last 4 quarters average of 9.9 and 4.7% more than its 5-year quarterly average of 14.4
FRME's EPS is down by 12% year-on-year

Key stats

What are the main financial stats of FRME
Market
Shares outstanding
54.26M
Market cap
$2.28B
Enterprise value
$2.63B
Valuations
Price to earnings (P/E)
15.07
Price to book (P/B)
1.24
Price to sales (P/S)
5.29
EV/EBIT
15.17
EV/EBITDA
14.27
EV/Sales
6.12
Earnings
Revenue
$429.4M
EBIT
$173.33M
EBITDA
$184.19M
Free cash flow
$187.11M
Per share
EPS
$2.79
Free cash flow per share
$3.47
Book value per share
$33.88
Revenue per share
$7.96
TBVPS
$243.89
Balance sheet
Total assets
$13.74B
Total liabilities
$11.9B
Debt
$785.57M
Equity
$1.83B
Working capital
N/A
Liquidity
Debt to equity
0.43
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
1.88
Margins
EBITDA margin
42.9%
Gross margin
100%
Net margin
35.2%
Operating margin
40.4%
Efficiency
Return on assets
1.1%
Return on equity
8.4%
Return on invested capital
1.3%
Return on capital employed
N/A
Return on sales
40.4%
Dividend
Dividend yield
2.47%
DPS
$1.04
Payout ratio
37.3%

FRME stock price

How has the First Merchants stock price performed over time
Intraday
-2.12%
1 week
-0.17%
1 month
7.19%
1 year
9.85%
YTD
12.4%
QTD
12.4%

Financial performance

How have First Merchants's revenue and profit performed over time
Revenue
$429.4M
Gross profit
$429.4M
Operating income
$173.33M
Net income
$151.3M
Gross margin
100%
Net margin
35.2%
FRME's operating margin is down by 7% YoY
FRME's operating income is down by 6% year-on-year
The net margin fell by 6% YoY
First Merchants's net income has decreased by 4.5% YoY

Growth

What is First Merchants's growth rate over time

Valuation

What is First Merchants stock price valuation
P/E
15.07
P/B
1.24
P/S
5.29
EV/EBIT
15.17
EV/EBITDA
14.27
EV/Sales
6.12
The stock's price to earnings (P/E) is 52% more than its last 4 quarters average of 9.9 and 4.7% more than its 5-year quarterly average of 14.4
FRME's EPS is down by 12% year-on-year
The P/B is 38% higher than the last 4 quarters average of 0.9 but 4.6% lower than the 5-year quarterly average of 1.3
The company's equity rose by 4.8% YoY
The stock's price to sales (P/S) is 43% more than its last 4 quarters average of 3.7 and 10% more than its 5-year quarterly average of 4.8

Efficiency

How efficient is First Merchants business performance
FRME's ROA is down by 27% YoY and by 8% QoQ
FRME's return on invested capital is down by 24% year-on-year and by 7% since the previous quarter
First Merchants's return on equity has decreased by 19% YoY
FRME's ROS is down by 7% year-on-year

Dividends

What is FRME's dividend history
DPS
$1.04
Dividend yield
2.47%
Payout ratio
37.3%
Recent dividends

Financial health

How did First Merchants financials performed over time
The total assets is 15% more than the total liabilities
The debt is 57% lower than the equity
The debt rose by 15% YoY but it fell by 9% QoQ
The debt to equity has decreased by 10% from the previous quarter but it has increased by 10% YoY

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.