FRME First Merchants Corp

Price (delayed)

$38.5

Market cap

$2.26B

P/E Ratio

11.1

Dividend/share

$1.37

EPS

$3.47

Enterprise value

$2.61B

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 25% YoY and by 16% QoQ
The company's equity rose by 4.8% YoY
The stock's price to earnings (P/E) is 35% more than its last 4 quarters average of 8.2 and 6% more than its 5-year quarterly average of 10.5
First Merchants's net income has decreased by 13% YoY and by 7% QoQ

Key stats

What are the main financial stats of FRME
Market
Shares outstanding
58.59M
Market cap
$2.26B
Enterprise value
$2.61B
Valuations
Price to book (P/B)
1.03
Price to sales (P/S)
3.62
EV/EBIT
10.92
EV/EBITDA
10.4
EV/Sales
4.14
Earnings
Revenue
$630.09M
EBIT
$238.6M
EBITDA
$250.54M
Free cash flow
$239.82M
Per share
EPS
$3.47
Free cash flow per share
$4.05
Book value per share
$37.49
Revenue per share
$10.63
TBVPS
$296.6
Balance sheet
Total assets
$18.32B
Total liabilities
$16.09B
Debt
$861.65M
Equity
$2.22B
Working capital
N/A
Liquidity
Debt to equity
0.39
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
1.4
Margins
EBITDA margin
39.8%
Gross margin
100%
Net margin
33%
Operating margin
37.9%
Efficiency
Return on assets
1.1%
Return on equity
9.4%
Return on invested capital
1.3%
Return on capital employed
N/A
Return on sales
37.9%
Dividend
Dividend yield
3.56%
DPS
$1.37
Payout ratio
39.5%

FRME stock price

How has the First Merchants stock price performed over time
Intraday
4.85%
1 week
16.81%
1 month
24.03%
1 year
30.11%
YTD
3.83%
QTD
15.65%

Financial performance

How have First Merchants's revenue and profit performed over time
Revenue
$630.09M
Gross profit
$630.09M
Operating income
$238.6M
Net income
$207.65M
Gross margin
100%
Net margin
33%
FRME's operating income is down by 13% year-on-year and by 8% since the previous quarter
First Merchants's net income has decreased by 13% YoY and by 7% QoQ
FRME's operating margin is down by 10% YoY and by 5% from the previous quarter
The net margin fell by 9% YoY and by 4.6% QoQ

Growth

What is First Merchants's growth rate over time

Valuation

What is First Merchants stock price valuation
P/E
11.1
P/B
1.03
P/S
3.62
EV/EBIT
10.92
EV/EBITDA
10.4
EV/Sales
4.14
The stock's price to earnings (P/E) is 35% more than its last 4 quarters average of 8.2 and 6% more than its 5-year quarterly average of 10.5
FRME's EPS is down by 13% year-on-year and by 7% since the previous quarter
The P/B is 14% higher than the last 4 quarters average of 0.9 and 3% higher than the 5-year quarterly average of 1.0
The company's equity rose by 4.8% YoY
The stock's price to sales (P/S) is 25% more than its last 4 quarters average of 2.9 but 7% less than its 5-year quarterly average of 3.9
First Merchants's revenue has decreased by 3.4% YoY and by 2.7% from the previous quarter

Efficiency

How efficient is First Merchants business performance
First Merchants's return on equity has decreased by 20% YoY and by 9% QoQ
FRME's ROA is down by 15% YoY and by 8% QoQ
FRME's return on invested capital is down by 13% year-on-year and by 7% since the previous quarter
FRME's ROS is down by 10% year-on-year and by 5% since the previous quarter

Dividends

What is FRME's dividend history
DPS
$1.37
Dividend yield
3.56%
Payout ratio
39.5%
Recent dividends

Financial health

How did First Merchants financials performed over time
The total assets is 14% more than the total liabilities
The debt is 61% lower than the equity
The debt to equity has decreased by 28% YoY and by 15% from the previous quarter
The debt fell by 25% YoY and by 16% QoQ

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