FRME First Merchants Corp

Price (delayed)

$36.59

Market cap

$2.18B

P/E Ratio

9.6

Dividend/share

$1.19

EPS

$3.81

Enterprise value

$2.23B

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 28% less than its 5-year quarterly average of 13.4 and 15% less than its last 4 quarters average of 11.3
First Merchants's net income has increased by 25% YoY
The company's equity fell by 5% QoQ

Key stats

What are the main financial stats of FRME
Market
Shares outstanding
59.46M
Market cap
$2.18B
Enterprise value
$2.23B
Valuations
Price to earnings (P/E)
9.6
Price to book (P/B)
1.09
Price to sales (P/S)
3.75
EV/EBIT
9.36
EV/EBITDA
8.96
EV/Sales
4.26
Earnings
Revenue
$523.66M
EBIT
$238.22M
EBITDA
$248.84M
Free cash flow
$204.79M
Per share
EPS
$3.81
Free cash flow per share
$3.82
Book value per share
$33.59
Revenue per share
$9.77
TBVPS
$277.82
Balance sheet
Total assets
$15.47B
Total liabilities
$13.66B
Debt
$597.33M
Equity
$1.81B
Working capital
N/A
Liquidity
Debt to equity
0.33
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
0.22
Margins
EBITDA margin
47.5%
Gross margin
100%
Net margin
39.1%
Operating margin
45.5%
Efficiency
Return on assets
1.3%
Return on equity
11%
Return on invested capital
1.6%
Return on capital employed
N/A
Return on sales
45.5%
Dividend
Dividend yield
3.25%
DPS
$1.19
Payout ratio
31.2%

FRME stock price

How has the First Merchants stock price performed over time
Intraday
2.12%
1 week
0.49%
1 month
-8.2%
1 year
-15.67%
YTD
-12.65%
QTD
-12.04%

Financial performance

How have First Merchants's revenue and profit performed over time
Revenue
$523.66M
Gross profit
$523.66M
Operating income
$238.22M
Net income
$204.65M
Gross margin
100%
Net margin
39.1%
FRME's operating income is up by 25% year-on-year
First Merchants's net income has increased by 25% YoY
First Merchants's revenue has increased by 15% YoY
First Merchants's gross profit has increased by 15% YoY

Growth

What is First Merchants's growth rate over time

Valuation

What is First Merchants stock price valuation
P/E
9.6
P/B
1.09
P/S
3.75
EV/EBIT
9.36
EV/EBITDA
8.96
EV/Sales
4.26
The stock's price to earnings (P/E) is 28% less than its 5-year quarterly average of 13.4 and 15% less than its last 4 quarters average of 11.3
FRME's EPS is up by 25% year-on-year
The P/B is 16% lower than the 5-year quarterly average of 1.3 and 9% lower than the last 4 quarters average of 1.2
The company's equity fell by 5% QoQ
The stock's price to sales (P/S) is 22% less than its 5-year quarterly average of 4.8 and 15% less than its last 4 quarters average of 4.4
First Merchants's revenue has increased by 15% YoY

Efficiency

How efficient is First Merchants business performance
First Merchants's return on equity has increased by 24% YoY
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 8% year-on-year
FRME's ROA is up by 8% YoY but it is down by 7% QoQ

Dividends

What is FRME's dividend history
DPS
$1.19
Dividend yield
3.25%
Payout ratio
31.2%
Recent dividends

Financial health

How did First Merchants financials performed over time
The total assets is 13% more than the total liabilities
FRME's total liabilities is up by 7% YoY
The total assets has grown by 6% YoY
The debt is 67% lower than the equity
The debt to equity has decreased by 11% YoY
The debt fell by 10% YoY and by 6% QoQ

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