FRME First Merchants Corp

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

Price (delayed)

$40.96

Market cap

$2.57B

P/E Ratio

12.64

Dividend/share

$1.46

EPS

$3.24

Enterprise value

$3.41B

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Relative Growth: Rel. Growth:
Relative Strength: Rel. Strength:
Relative Valuation: Rel. Valuation:
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 debt fell by 26% QoQ
First Merchants's revenue has increased by 5% from the previous quarter and by 4.1% YoY
FRME's EPS is down by 19% year-on-year but it is up by 3.5% since the previous quarter
First Merchants's net income has decreased by 15% YoY but it has increased by 6% QoQ
The stock's price to earnings (P/E) is 22% more than its 5-year quarterly average of 10.4 and 7% more than its last 4 quarters average of 11.8
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
-0.27%
1 week
-0.24%
1 month
4.36%
1 year
14.19%
YTD
9.28%
QTD
2.97%

Financial performance

How have First Merchants's revenue and profit performed over time
Revenue
$676.12M
Gross profit
$676.12M
Operating income
$219.85M
Net income
$197.52M
Gross margin
100%
Net margin
29.2%
FRME's operating margin is down by 22% YoY
The net margin fell by 19% YoY
FRME's operating income is down by 19% year-on-year but it is up by 7% since the previous quarter
First Merchants's net income has decreased by 15% YoY but it has increased 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
12.64
P/B
0.98
P/S
3.78
EV/EBIT
15.49
EV/EBITDA
13.44
EV/Sales
5.04
The stock's price to earnings (P/E) is 22% more than its 5-year quarterly average of 10.4 and 7% more than its last 4 quarters average of 11.8
FRME's EPS is down by 19% year-on-year but it is up by 3.5% since the previous quarter
The company's equity rose by 9% YoY but it fell by 2.3% QoQ
The P/B is 9% higher than the last 4 quarters average of 0.9 but 2% lower than the 5-year quarterly average of 1.0
The stock's price to sales (P/S) is 5% more than its 5-year quarterly average of 3.6
First Merchants's revenue has increased by 5% from the previous quarter and by 4.1% YoY

Efficiency

How efficient is First Merchants business performance
FRME's ROA is down by 25% YoY
First Merchants's return on equity has decreased by 23% YoY but it has increased by 4.2% QoQ
FRME's ROS is down by 22% year-on-year
FRME's return on invested capital is down by 21% year-on-year but it is up by 10% since the previous quarter

Dividends

What is FRME's dividend history
Dividend details
DPS
$1.46
Dividend yield
3.56%
Payout ratio
45.1%
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
FRME's total liabilities is up by 12% YoY
The total assets has grown by 12% YoY
The debt is 55% lower than the equity
The debt fell by 26% QoQ
The debt to equity has decreased by 24% from the previous quarter and by 8% YoY

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