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Price (delayed)
$36
Market cap
$2.11B
P/E Ratio
11.5
Dividend/share
$1.38
EPS
$3.13
Enterprise value
$3.01B
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 3.1% YoY
The debt rose by 36% QoQ and by 14% YoY
FRME's EPS is down by 28% year-on-year and by 10% since the previous quarter
Key stats
What are the main financial stats of FRME
Market
Valuations
Earnings
Shares outstanding
58.51M
Market cap
$2.11B
Enterprise value
$3.01B
Price to book (P/B)
0.95
Price to sales (P/S)
3.49
EV/EBIT
14.25
EV/EBITDA
13.44
EV/Sales
5
Revenue
$601.34M
EBIT
$211.03M
EBITDA
$223.63M
Free cash flow
$266.98M
Per share
Balance sheet
Liquidity
EPS
$3.13
Free cash flow per share
$4.58
Book value per share
$37.77
Revenue per share
$10.31
TBVPS
$301.19
Total assets
$18.3B
Total liabilities
$16.09B
Debt
$1.17B
Equity
$2.21B
Working capital
N/A
Debt to equity
0.53
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
4.02
Margins
Efficiency
Dividend
EBITDA margin
37.2%
Gross margin
100%
Net margin
31%
Operating margin
35.1%
Return on assets
1%
Return on equity
8.4%
Return on invested capital
1.2%
Return on capital employed
N/A
Return on sales
35.1%
Dividend yield
3.83%
DPS
$1.38
Payout ratio
44.1%
FRME stock price
How has the First Merchants stock price performed over time
Intraday
-3.64%
1 week
-9.21%
1 month
-2.62%
1 year
37.3%
YTD
-2.91%
QTD
-3.23%
Financial performance
How have First Merchants's revenue and profit performed over time
Revenue
$601.34M
Gross profit
$601.34M
Operating income
$211.03M
Net income
$186.71M
Gross margin
100%
Net margin
31%
FRME's operating income is down by 31% year-on-year and by 12% since the previous quarter
First Merchants's net income has decreased by 28% YoY and by 10% QoQ
FRME's operating margin is down by 22% YoY and by 7% from the previous quarter
The net margin fell by 19% YoY and by 6% QoQ
Growth
What is First Merchants's growth rate over time
Valuation
What is First Merchants stock price valuation
P/E
11.5
P/B
0.95
P/S
3.49
EV/EBIT
14.25
EV/EBITDA
13.44
EV/Sales
5
FRME's EPS is down by 28% year-on-year and by 10% since the previous quarter
The stock's price to earnings (P/E) is 24% more than its last 4 quarters average of 9.3 and 11% more than its 5-year quarterly average of 10.4
The P/B is 6% higher than the last 4 quarters average of 0.9 but 5% lower than the 5-year quarterly average of 1.0
The company's equity rose by 3.1% YoY
The stock's price to sales (P/S) is 13% more than its last 4 quarters average of 3.1 but 8% less than its 5-year quarterly average of 3.8
First Merchants's revenue has decreased by 11% YoY and by 4.6% from the previous quarter
Efficiency
How efficient is First Merchants business performance
First Merchants's return on equity has decreased by 33% YoY and by 11% QoQ
FRME's return on invested capital is down by 29% year-on-year and by 8% since the previous quarter
FRME's ROA is down by 29% YoY and by 9% QoQ
FRME's ROS is down by 22% year-on-year and by 7% since the previous quarter
Dividends
What is FRME's dividend history
DPS
$1.38
Dividend yield
3.83%
Payout ratio
44.1%
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
The debt is 47% lower than the equity
The debt rose by 36% QoQ and by 14% YoY
The debt to equity has increased by 36% from the previous quarter and by 10% YoY
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.