FRME First Merchants Corp

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

Price (delayed)

$33.96

Market cap

$2.02B

P/E Ratio

9.08

Dividend/share

$1.36

EPS

$3.74

Enterprise value

$2.5B

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 22% YoY
The company's equity rose by 10% YoY and by 7% QoQ
The stock's price to earnings (P/E) is 16% less than its 5-year quarterly average of 10.5 but 13% more than its last 4 quarters average of 7.8
First Merchants's revenue has increased by 6% YoY but it has decreased by 2.7% from the previous quarter
FRME's EPS is down by 12% since the previous quarter and by 2.3% year-on-year
First Merchants's net income has decreased by 11% 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
59.34M
Market cap
$2.02B
Enterprise value
$2.5B
Valuations
Price to earnings (P/E)
9.08
Price to book (P/B)
0.9
Price to sales (P/S)
3.14
EV/EBIT
9.63
EV/EBITDA
9.21
EV/Sales
3.85
Earnings
Revenue
$647.5M
EBIT
$259.23M
EBITDA
$270.94M
Free cash flow
$258.83M
Per share
EPS
$3.74
Free cash flow per share
$4.32
Book value per share
$37.56
Revenue per share
$10.82
TBVPS
$295.2
Balance sheet
Total assets
$18.41B
Total liabilities
$16.16B
Debt
$1.03B
Equity
$2.25B
Working capital
N/A
Liquidity
Debt to equity
0.46
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
1.77
Margins
EBITDA margin
41.8%
Gross margin
100%
Net margin
34.6%
Operating margin
40%
Efficiency
Return on assets
1.2%
Return on equity
10.3%
Return on invested capital
1.4%
Return on capital employed
N/A
Return on sales
40%
Dividend
Dividend yield
4%
DPS
$1.36
Payout ratio
36.4%

FRME stock price

How has the First Merchants stock price performed over time
Intraday
3.16%
1 week
2.6%
1 month
3.16%
1 year
10.73%
YTD
-8.41%
QTD
-2.69%

Financial performance

How have First Merchants's revenue and profit performed over time
Revenue
$647.5M
Gross profit
$647.5M
Operating income
$259.23M
Net income
$223.79M
Gross margin
100%
Net margin
34.6%
FRME's operating income is down by 12% since the previous quarter
First Merchants's net income has decreased by 11% QoQ
FRME's operating margin is down by 10% from the previous quarter and by 4.3% YoY
The net margin fell by 9% QoQ and by 4.7% YoY

Growth

What is First Merchants's growth rate over time

Valuation

What is First Merchants stock price valuation
FRME P/E details
P/E
9.08
P/B
0.9
P/S
3.14
EV/EBIT
9.63
EV/EBITDA
9.21
EV/Sales
3.85
The stock's price to earnings (P/E) is 16% less than its 5-year quarterly average of 10.5 but 13% more than its last 4 quarters average of 7.8
FRME's EPS is down by 12% since the previous quarter and by 2.3% year-on-year
The P/B is 20% lower than the 5-year quarterly average of 1.1 and 2.2% lower than the last 4 quarters average of 0.9
The company's equity rose by 10% YoY and by 7% QoQ
The stock's price to sales (P/S) is 24% less than its 5-year quarterly average of 4.0 but 4.8% more than its last 4 quarters average of 2.9
First Merchants's revenue has increased by 6% YoY but it has decreased by 2.7% from the previous quarter

Efficiency

How efficient is First Merchants business performance
FRME's ROA is down by 14% QoQ and by 8% YoY
First Merchants's return on equity has decreased by 13% QoQ and by 10% YoY
FRME's return on invested capital is down by 13% since the previous quarter and by 7% year-on-year
FRME's ROS is down by 10% since the previous quarter and by 4.3% year-on-year

Dividends

What is FRME's dividend history
Dividend details
DPS
$1.36
Dividend yield
4%
Payout ratio
36.4%
Recent dividends

Financial health

How did First Merchants financials performed over time
The total assets is 14% more than the total liabilities
The total assets has grown by 2.3% from the previous quarter and by 2.2% YoY
The debt is 54% lower than the equity
The debt to equity has decreased by 29% YoY and by 6% from the previous quarter
The debt fell by 22% YoY

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