FRME First Merchants Corp

Price (delayed)

$39.2

Market cap

$2.12B

P/E Ratio

11.33

Dividend/share

$1.1

EPS

$3.46

Enterprise value

$2.12B

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 debt fell by 31% YoY and by 10% QoQ
First Merchants's net income has increased by 23% YoY and by 14% QoQ

Key stats

What are the main financial stats of FRME
Market
Shares outstanding
54.16M
Market cap
$2.12B
Enterprise value
$2.12B
Valuations
Price to earnings (P/E)
11.33
Price to book (P/B)
1.14
Price to sales (P/S)
4.32
EV/EBIT
9.67
EV/EBITDA
9.21
EV/Sales
4.31
Earnings
Revenue
$491.52M
EBIT
$218.88M
EBITDA
$229.9M
Free cash flow
$185.22M
Per share
EPS
$3.46
Free cash flow per share
$3.42
Book value per share
$34.43
Revenue per share
$9.07
TBVPS
$264.83
Balance sheet
Total assets
$14.92B
Total liabilities
$13.05B
Debt
$599.65M
Equity
$1.87B
Working capital
N/A
Liquidity
Debt to equity
0.32
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-0.03
Margins
EBITDA margin
46.8%
Gross margin
100%
Net margin
37.9%
Operating margin
44.5%
Efficiency
Return on assets
1.3%
Return on equity
10.1%
Return on invested capital
1.6%
Return on capital employed
N/A
Return on sales
44.5%
Dividend
Dividend yield
2.81%
DPS
$1.1
Payout ratio
31.8%

FRME stock price

How has the First Merchants stock price performed over time
Intraday
0.44%
1 week
1.45%
1 month
-5.81%
1 year
62.86%
YTD
4.78%
QTD
-5.93%

Financial performance

How have First Merchants's revenue and profit performed over time
Revenue
$491.52M
Gross profit
$491.52M
Operating income
$218.88M
Net income
$186.37M
Gross margin
100%
Net margin
37.9%
FRME's operating income is up by 25% year-on-year and by 15% since the previous quarter
First Merchants's net income has increased by 23% YoY and by 14% QoQ
First Merchants's revenue has increased by 13% YoY and by 8% from the previous quarter
First Merchants's gross profit has increased by 13% YoY and by 8% QoQ

Growth

What is First Merchants's growth rate over time

Valuation

What is First Merchants stock price valuation
P/E
11.33
P/B
1.14
P/S
4.32
EV/EBIT
9.67
EV/EBITDA
9.21
EV/Sales
4.31
The stock's price to earnings (P/E) is 22% less than its 5-year quarterly average of 14.4 and 8% less than its last 4 quarters average of 12.3
FRME's EPS is up by 22% year-on-year and by 13% since the previous quarter
The P/B is 13% lower than the 5-year quarterly average of 1.3 but 2.7% higher than the last 4 quarters average of 1.1
The company's equity rose by 3.7% QoQ and by 3.5% YoY
First Merchants's revenue has increased by 13% YoY and by 8% from the previous quarter
The stock's price to sales (P/S) is 12% less than its 5-year quarterly average of 4.9 and 2.3% less than its last 4 quarters average of 4.4

Efficiency

How efficient is First Merchants business performance
First Merchants's return on equity has increased by 19% YoY and by 13% QoQ
FRME's return on invested capital is up by 14% since the previous quarter and by 14% year-on-year
FRME's ROS is up by 10% year-on-year and by 6% since the previous quarter
FRME's ROA is up by 8% QoQ and by 8% YoY

Dividends

What is FRME's dividend history
DPS
$1.1
Dividend yield
2.81%
Payout ratio
31.8%
Recent dividends

Financial health

How did First Merchants financials performed over time
The total assets is 14% more than the total liabilities
FRME's total liabilities is up by 9% YoY
The total assets has grown by 8% YoY and by 2% from the previous quarter
The debt is 68% lower than the equity
The debt to equity has decreased by 33% YoY and by 14% from the previous quarter
The debt fell by 31% YoY and by 10% QoQ

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