FRME First Merchants Corp
Price (delayed)
$40.19
Market cap
$2.35B
P/E Ratio
11.75
Dividend/share
$1.4
EPS
$3.42
Enterprise value
$3.12B
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 2.5% YoY
FRME's EPS is up by 13% since the previous quarter but it is down by 9% year-on-year
First Merchants's net income has increased by 12% QoQ but it has decreased by 10% YoY
The debt rose by 13% YoY and by 7% QoQ
The stock's price to earnings (P/E) is 12% more than its 5-year quarterly average of 10.5 and 4.9% more than its last 4 quarters average of 11.2
Key stats
What are the main financial stats of FRME
Market
Valuations
Earnings
Shares outstanding
58.54M
Market cap
$2.35B
Enterprise value
$3.12B
Price to earnings (P/E)
11.75
Price to book (P/B)
1.02
Price to sales (P/S)
3.85
EV/EBIT
13.48
EV/EBITDA
12.08
EV/Sales
5.11
Revenue
$610.99M
Gross profit
$610.99M
Operating income
$231.73M
Net income
$201.4M
EBIT
$231.73M
EBITDA
$258.58M
Free cash flow
$266.21M
Per share
Balance sheet
Liquidity
EPS
$3.42
EPS diluted
$3.41
Free cash flow per share
$4.55
Book value per share
$39.29
Revenue per share
$10.44
TBVPS
$300.35
Total assets
$18.31B
Total liabilities
$16.01B
Debt
$1.16B
Equity
$2.3B
Working capital
N/A
Debt to equity
0.5
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
2.98
Margins
Efficiency
Dividend
EBITDA margin
42.3%
Gross margin
100%
Net margin
33%
Operating margin
37.9%
Return on assets
1.1%
Return on equity
8.8%
Return on invested capital
1.3%
Return on capital employed
N/A
Return on sales
37.9%
Dividend yield
3.48%
DPS
$1.4
Payout ratio
40.9%
FRME stock price
How has the First Merchants stock price performed over time
Intraday
-0.62%
1 week
-1.59%
1 month
-8.24%
1 year
17.72%
YTD
0.75%
QTD
-0.62%
Financial performance
How have First Merchants's revenue and profit performed over time
Revenue
$610.99M
Gross profit
$610.99M
Operating income
$231.73M
Net income
$201.4M
Gross margin
100%
Net margin
33%
FRME's operating income is up by 15% since the previous quarter but it is down by 11% year-on-year
First Merchants's net income has increased by 12% QoQ but it has decreased by 10% YoY
FRME's operating margin is up by 11% from the previous quarter but it is down by 5% YoY
The net margin rose by 9% QoQ but it fell by 4.6% YoY
Growth
What is First Merchants's growth rate over time
Valuation
What is First Merchants stock price valuation
P/E
11.75
P/B
1.02
P/S
3.85
EV/EBIT
13.48
EV/EBITDA
12.08
EV/Sales
5.11
FRME's EPS is up by 13% since the previous quarter but it is down by 9% year-on-year
The stock's price to earnings (P/E) is 12% more than its 5-year quarterly average of 10.5 and 4.9% more than its last 4 quarters average of 11.2
The P/B is 13% higher than the last 4 quarters average of 0.9 and 2% higher than the 5-year quarterly average of 1.0
The company's equity rose by 2.5% YoY
The stock's price to sales (P/S) is 10% more than its last 4 quarters average of 3.5
First Merchants's revenue has decreased by 6% YoY but it has increased by 3% from the previous quarter
Efficiency
How efficient is First Merchants business performance
FRME's return on invested capital is up by 18% since the previous quarter but it is down by 7% year-on-year
First Merchants's return on equity has decreased by 15% YoY but it has increased by 11% QoQ
FRME's ROS is up by 11% since the previous quarter but it is down by 5% year-on-year
FRME's ROA is up by 10% QoQ but it is down by 8% YoY
Dividends
What is FRME's dividend history
DPS
$1.4
Dividend yield
3.48%
Payout ratio
40.9%
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 50% lower than the equity
The debt rose by 13% YoY and by 7% QoQ
The debt to equity has increased by 9% YoY and by 6% from the previous quarter
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.