FRME First Merchants Corp

  1. Stocks
  2. Financial Services
  3. NASDAQ: FRME

Price (delayed)

$40.15

Market cap

$2.52B

P/E Ratio

12.83

Dividend/share

$1.46

EPS

$3.13

Enterprise value

$3.51B

?
Relative Growth: Rel. Growth: 40
Relative Strength: Rel. Strength: 52
Relative Valuation: Rel. Valuation: 56
Relative Profitability: Rel. Profitability: 67

First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private ...

Highlights
The company's equity rose by 15% YoY
The debt rose by 38% YoY but it fell by 2.5% QoQ
The stock's price to earnings (P/E) is 25% more than its 5-year quarterly average of 10.3 and 16% more than its last 4 quarters average of 11.1
FRME's EPS is down by 19% year-on-year and by 8% since the previous quarter
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.firstmerchants.com
Peers: THFF SRCE HBNC ONB

Key stats

What are the main financial stats of FRME

FRME stock price

How has the First Merchants stock price performed over time
Intraday
1.44%
1 week
-1.38%
1 month
-3.65%
1 year
7.1%
YTD
7.12%
QTD
0.93%

Financial performance

How have First Merchants's revenue and profit performed over time
Revenue
$642.19M
Gross profit
$642.19M
Operating income
$205.62M
Net income
$185.97M
Gross margin
100%
Net margin
29%
FRME's operating margin is down by 22% YoY and by 9% from the previous quarter
FRME's operating income is down by 21% year-on-year and by 8% since the previous quarter
The net margin fell by 18% YoY and by 7% QoQ
First Merchants's net income has decreased by 18% YoY and by 6% QoQ

Price vs fundamentals

How does FRME's price correlate with its fundamentals

Growth

What is First Merchants's growth rate over time

Valuation

What is First Merchants stock price valuation
FRME P/E details
P/E
12.83
P/B
0.94
P/S
3.91
EV/EBIT
17.07
EV/EBITDA
14.77
EV/Sales
5.46
The stock's price to earnings (P/E) is 25% more than its 5-year quarterly average of 10.3 and 16% more than its last 4 quarters average of 11.1
FRME's EPS is down by 19% year-on-year and by 8% since the previous quarter
The company's equity rose by 15% YoY
The P/B is 6% lower than the 5-year quarterly average of 1.0 but 4.4% higher than the last 4 quarters average of 0.9
The stock's price to sales (P/S) is 9% more than its 5-year quarterly average of 3.6 and 6% more than its last 4 quarters average of 3.7

Efficiency

How efficient is First Merchants business performance
FRME's return on invested capital is down by 29% year-on-year and by 9% since the previous quarter
First Merchants's return on equity has decreased by 25% YoY and by 10% QoQ
FRME's ROA is down by 25% YoY and by 10% QoQ
FRME's ROS is down by 22% year-on-year and by 9% since the previous quarter

Dividends

What is FRME's dividend history
Dividend details
DPS
$1.46
Dividend yield
3.64%
Payout ratio
46.6%
Recent dividends

Special dividends are included in TTM DPS and yield

Financial health

How did First Merchants financials performed over time
The total assets is 14% more than the total liabilities
The total assets has grown by 15% YoY
FRME's total liabilities is up by 15% YoY
The debt is 41% lower than the equity
The debt rose by 38% YoY but it fell by 2.5% QoQ
The debt to equity has increased by 20% YoY but it has decreased by 4.8% from the previous quarter

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