FRME First Merchants Corp

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

Price (delayed)

$27.3

Market cap

$1.63B

P/E Ratio

6.84

Dividend/share

$1.28

EPS

$3.99

Enterprise value

$2.3B

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 42% less than its 5-year quarterly average of 11.7 and 32% less than its last 4 quarters average of 10.1
First Merchants's gross profit has increased by 25% YoY and by 7% QoQ
The debt has soared by 93% YoY but it fell by 12% QoQ
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
59.68M
Market cap
$1.63B
Enterprise value
$2.3B
Valuations
Price to earnings (P/E)
6.84
Price to book (P/B)
0.77
Price to sales (P/S)
2.49
EV/EBIT
8.37
EV/EBITDA
8.02
EV/Sales
3.53
Earnings
Revenue
$652.33M
EBIT
$275.22M
EBITDA
$287.33M
Free cash flow
$295.68M
Per share
EPS
$3.99
Free cash flow per share
$4.97
Book value per share
$35.59
Revenue per share
$10.97
TBVPS
$293.29
Balance sheet
Total assets
$18.18B
Total liabilities
$16.06B
Debt
$1.15B
Equity
$2.12B
Working capital
N/A
Liquidity
Debt to equity
0.54
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
2.35
Margins
EBITDA margin
44%
Gross margin
100%
Net margin
36.4%
Operating margin
42.2%
Efficiency
Return on assets
1.3%
Return on equity
11.7%
Return on invested capital
1.5%
Return on capital employed
N/A
Return on sales
42.2%
Dividend
Dividend yield
4.69%
DPS
$1.28
Payout ratio
32.1%

FRME stock price

How has the First Merchants stock price performed over time
Intraday
1.52%
1 week
4.64%
1 month
-2.01%
1 year
-32.74%
YTD
-33.59%
QTD
-17.15%

Financial performance

How have First Merchants's revenue and profit performed over time
Revenue
$652.33M
Gross profit
$652.33M
Operating income
$275.22M
Net income
$237.58M
Gross margin
100%
Net margin
36.4%
First Merchants's gross profit has increased by 25% YoY and by 7% QoQ
First Merchants's revenue has increased by 25% YoY and by 7% from the previous quarter
FRME's operating income is up by 16% year-on-year and by 8% since the previous quarter
First Merchants's net income has increased by 16% YoY and by 7% QoQ

Growth

What is First Merchants's growth rate over time

Valuation

What is First Merchants stock price valuation
P/E
6.84
P/B
0.77
P/S
2.49
EV/EBIT
8.37
EV/EBITDA
8.02
EV/Sales
3.53
The stock's price to earnings (P/E) is 42% less than its 5-year quarterly average of 11.7 and 32% less than its last 4 quarters average of 10.1
FRME's EPS is up by 4.7% year-on-year and by 4.2% since the previous quarter
The P/B is 36% lower than the 5-year quarterly average of 1.2 and 30% lower than the last 4 quarters average of 1.1
The company's equity rose by 17% YoY and by 4.3% QoQ
The stock's price to sales (P/S) is 42% less than its 5-year quarterly average of 4.3 and 34% less than its last 4 quarters average of 3.8
First Merchants's revenue has increased by 25% YoY and by 7% from the previous quarter

Efficiency

How efficient is First Merchants business performance
FRME's ROS is down by 7% year-on-year
FRME's return on invested capital is down by 6% year-on-year
First Merchants's return on equity has increased by 6% YoY and by 2.6% QoQ

Dividends

What is FRME's dividend history
Dividend details
DPS
$1.28
Dividend yield
4.69%
Payout ratio
32.1%
Recent dividends

Financial health

How did First Merchants financials performed over time
The total assets is 13% more than the total liabilities
The total assets has grown by 18% YoY
FRME's total liabilities is up by 18% YoY
The debt is 46% lower than the equity
The debt has soared by 93% YoY but it fell by 12% QoQ
The debt to equity has soared by 64% YoY but it has decreased by 17% from the previous quarter

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