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Price (delayed)
$43.4
Market cap
$2.55B
P/E Ratio
14.37
Dividend/share
$1.38
EPS
$3.02
Enterprise value
$3.18B
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 10% YoY and by 4.1% QoQ
The debt fell by 8% QoQ but it rose by 6% YoY
The stock's price to earnings (P/E) is 37% more than its 5-year quarterly average of 10.5 and 34% more than its last 4 quarters average of 10.7
First Merchants's net income has decreased by 29% YoY and by 3.8% QoQ
Key stats
What are the main financial stats of FRME
Market
Valuations
Earnings
Shares outstanding
58.67M
Market cap
$2.55B
Enterprise value
$3.18B
Price to earnings (P/E)
14.37
Price to book (P/B)
1.1
Price to sales (P/S)
4.27
EV/EBIT
15.76
EV/EBITDA
14.76
EV/Sales
5.37
Revenue
$593.09M
EBIT
$202.01M
EBITDA
$215.66M
Free cash flow
$284.84M
Per share
Balance sheet
Liquidity
EPS
$3.02
Free cash flow per share
$4.89
Book value per share
$39.35
Revenue per share
$10.17
TBVPS
$302.18
Total assets
$18.35B
Total liabilities
$16.05B
Debt
$1.08B
Equity
$2.3B
Working capital
N/A
Debt to equity
0.47
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
2.95
Margins
Efficiency
Dividend
EBITDA margin
36.4%
Gross margin
100%
Net margin
30.3%
Operating margin
34.1%
Return on assets
1%
Return on equity
7.9%
Return on invested capital
1.1%
Return on capital employed
N/A
Return on sales
34.1%
Dividend yield
3.18%
DPS
$1.38
Payout ratio
45.7%
FRME stock price
How has the First Merchants stock price performed over time
Intraday
1.59%
1 week
-0.12%
1 month
16.1%
1 year
40.27%
YTD
17.04%
QTD
16.67%
Financial performance
How have First Merchants's revenue and profit performed over time
Revenue
$593.09M
Gross profit
$593.09M
Operating income
$202.01M
Net income
$179.53M
Gross margin
100%
Net margin
30.3%
FRME's operating income is down by 32% year-on-year and by 4.3% since the previous quarter
First Merchants's net income has decreased by 29% YoY and by 3.8% QoQ
FRME's operating margin is down by 23% YoY and by 2.8% from the previous quarter
The net margin fell by 20% YoY and by 2.3% QoQ
Growth
What is First Merchants's growth rate over time
Valuation
What is First Merchants stock price valuation
P/E
14.37
P/B
1.1
P/S
4.27
EV/EBIT
15.76
EV/EBITDA
14.76
EV/Sales
5.37
The stock's price to earnings (P/E) is 37% more than its 5-year quarterly average of 10.5 and 34% more than its last 4 quarters average of 10.7
FRME's EPS is down by 29% year-on-year and by 3.5% since the previous quarter
The P/B is 22% higher than the last 4 quarters average of 0.9 and 10% higher than the 5-year quarterly average of 1.0
The company's equity rose by 10% YoY and by 4.1% QoQ
The stock's price to sales (P/S) is 26% more than its last 4 quarters average of 3.4 and 12% more than its 5-year quarterly average of 3.8
First Merchants's revenue has decreased by 11% YoY
Efficiency
How efficient is First Merchants business performance
First Merchants's return on equity has decreased by 34% YoY and by 6% QoQ
FRME's return on invested capital is down by 31% year-on-year and by 8% since the previous quarter
FRME's ROA is down by 29% YoY
FRME's ROS is down by 23% year-on-year and by 2.8% since the previous quarter
Dividends
What is FRME's dividend history
DPS
$1.38
Dividend yield
3.18%
Payout ratio
45.7%
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 53% lower than the equity
The debt to equity has decreased by 11% from the previous quarter and by 4.1% YoY
The company's equity rose by 10% YoY and by 4.1% QoQ
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.