FRME First Merchants Corp

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

Price (delayed)

$33.07

Market cap

$1.98B

P/E Ratio

7.8

Dividend/share

$1.34

EPS

$4.24

Enterprise value

$2.53B

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 stock's price to earnings (P/E) is 27% less than its 5-year quarterly average of 10.6 and 3.9% less than its last 4 quarters average of 8.0
First Merchants's revenue has increased by 18% YoY
First Merchants's net income has increased by 27% YoY but it has decreased by 2.8% QoQ
FRME's EPS is up by 20% year-on-year but it is down by 3% 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
Market
Shares outstanding
59.85M
Market cap
$1.98B
Enterprise value
$2.53B
Valuations
Price to earnings (P/E)
7.8
Price to book (P/B)
0.94
Price to sales (P/S)
2.96
EV/EBIT
8.55
EV/EBITDA
8.23
EV/Sales
3.8
Earnings
Revenue
$665.6M
EBIT
$295.74M
EBITDA
$307.41M
Free cash flow
$296.06M
Per share
EPS
$4.24
Free cash flow per share
$4.98
Book value per share
$35.04
Revenue per share
$11.19
TBVPS
$289.99
Balance sheet
Total assets
$18B
Total liabilities
$15.9B
Debt
$1.02B
Equity
$2.09B
Working capital
N/A
Liquidity
Debt to equity
0.49
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
1.79
Margins
EBITDA margin
46.2%
Gross margin
100%
Net margin
37.9%
Operating margin
44.4%
Efficiency
Return on assets
1.4%
Return on equity
11.9%
Return on invested capital
1.6%
Return on capital employed
N/A
Return on sales
44.4%
Dividend
Dividend yield
4.05%
DPS
$1.34
Payout ratio
31.6%

FRME stock price

How has the First Merchants stock price performed over time
Intraday
1.47%
1 week
6.16%
1 month
12.14%
1 year
-20.12%
YTD
-19.56%
QTD
18.87%

Financial performance

How have First Merchants's revenue and profit performed over time
Revenue
$665.6M
Gross profit
$665.6M
Operating income
$295.74M
Net income
$252.07M
Gross margin
100%
Net margin
37.9%
FRME's operating income is up by 30% year-on-year but it is down by 2.7% since the previous quarter
First Merchants's net income has increased by 27% YoY but it has decreased by 2.8% QoQ
First Merchants's revenue has increased by 18% YoY
First Merchants's gross profit has increased by 18% YoY

Growth

What is First Merchants's growth rate over time

Valuation

What is First Merchants stock price valuation
FRME P/E details
P/E
7.8
P/B
0.94
P/S
2.96
EV/EBIT
8.55
EV/EBITDA
8.23
EV/Sales
3.8
The stock's price to earnings (P/E) is 27% less than its 5-year quarterly average of 10.6 and 3.9% less than its last 4 quarters average of 8.0
FRME's EPS is up by 20% year-on-year but it is down by 3% since the previous quarter
The P/B is 15% lower than the 5-year quarterly average of 1.1 but 3.3% higher than the last 4 quarters average of 0.9
The company's equity rose by 10% YoY but it fell by 2.5% QoQ
The stock's price to sales (P/S) is 27% less than its 5-year quarterly average of 4.0 and 3% less than its last 4 quarters average of 3.0
First Merchants's revenue has increased by 18% YoY

Efficiency

How efficient is First Merchants business performance
FRME's ROA is up by 17% YoY
First Merchants's return on equity has increased by 14% YoY but it has decreased by 6% QoQ
FRME's return on invested capital is up by 14% year-on-year but it is down by 6% since the previous quarter
FRME's ROS is up by 11% year-on-year

Dividends

What is FRME's dividend history
Dividend details
DPS
$1.34
Dividend yield
4.05%
Payout ratio
31.6%
Recent dividends

Financial health

How did First Merchants financials performed over time
The total assets is 13% more than the total liabilities
The debt is 51% lower than the equity
The debt to equity has decreased by 21% YoY but it has increased by 2.1% from the previous quarter
The debt fell by 13% YoY

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