The current P/E ratio for First Merchants stock as of Apr 1, 2025 is 11.75. This is calculated based on the TTM EPS of $3.42 and the stock price of $40.19 per share. The PE ratio has increased by 5% from its last 4 quarters average of 11.2.
The average historical PE ratio of First Merchants for the last ten years is 12.82. The current price-to-earnings ratio of 11.75 is 8% less than the historical average. Analyzing the last ten years, FRME's PE ratio reached its highest point in the Dec 2017 quarter at 19.75, when the price was $42.06 and the EPS was $2.13. The lowest point was recorded in the Jun 2023 quarter, when it reached 6.46 with a price of $28.23 and an EPS of $4.37.
Maximum annual increase: 53.11% in 2013
Maximum annual decrease: -58.05% in 2012
Year | PE ratio | PE change | Price | EPS |
---|---|---|---|---|
2024 | 11.66 | 17.66% | $39.89 | $3.42 |
2023 | 9.91 | -7.64% | $37.08 | $3.74 |
2022 | 10.73 | -2.19% | $41.11 | $3.83 |
2021 | 10.97 | -19.34% | $41.89 | $3.82 |
2020 | 13.6 | 4.62% | $37.41 | $2.75 |
2019 | 13 | 22.53% | $41.59 | $3.2 |
2018 | 10.61 | -46.28% | $34.27 | $3.23 |
2017 | 19.75 | 4.39% | $42.06 | $2.13 |
2016 | 18.92 | 28.8% | $37.65 | $1.99 |
2015 | 14.69 | 7.23% | $25.42 | $1.73 |
2014 | 13.7 | -14.38% | $22.75 | $1.66 |
2013 | 16 | 53.11% | $22.72 | $1.42 |
2012 | 10.45 | -58.05% | $14.84 | $1.42 |
2011 | 24.91 | 34.94% | $8.47 | $0.34 |
2010 | 18.46 | N/A | $8.86 | $0.48 |
Year | PE ratio | PE change | Price | EPS |
---|---|---|---|---|
Dec 2024 | 11.66 | -5.36% | $39.89 | $3.42 |
Sep 2024 | 12.32 | 15.79% | $37.2 | $3.02 |
Jun 2024 | 10.64 | 5.77% | $33.29 | $3.13 |
Mar 2024 | 10.06 | 1.51% | $34.9 | $3.47 |
Dec 2023 | 9.91 | 51.07% | $37.08 | $3.74 |
Sep 2023 | 6.56 | 1.55% | $27.82 | $4.24 |
Jun 2023 | 6.46 | -21.79% | $28.23 | $4.37 |
Mar 2023 | 8.26 | -23.02% | $32.95 | $3.99 |
Dec 2022 | 10.73 | -2.37% | $41.11 | $3.83 |
Sep 2022 | 10.99 | 5.47% | $38.68 | $3.52 |
Jun 2022 | 10.42 | -4.58% | $35.62 | $3.42 |
Mar 2022 | 10.92 | -0.46% | $41.6 | $3.81 |
Dec 2021 | 10.97 | -1.17% | $41.89 | $3.82 |
Sep 2021 | 11.1 | -7.81% | $41.84 | $3.77 |
Jun 2021 | 12.04 | -21.05% | $41.67 | $3.46 |
The current PE ratio of FRME is above its 3 and 5-year averages, but it is under its 10-year average.
When compared to its peers ONB and LKFN, FRME's PE ratio is lower, but it is higher than SRCE's. First Merchants's PE ratio is trading below the peer average of 13.99.
Stock name | PE ratio | Market cap |
---|---|---|
SRCE 1St Source Corp | 11.17 | $1.47B |
FRME First Merchants Corp | 11.75 | $2.35B |
THFF First Financial Corp | 12.16 | $576.55M |
ONB Old National Bancorp | 12.44 | $6.7B |
GABC German American Bancorp Inc | 13.24 | $1.4B |
LKFN Lakeland Financial Corp | 16.25 | $1.51B |
HBNC Horizon Bancorp Inc | 18.67 | $665.5M |
The price to earnings ratio for FRME stock as of Apr 1, 2025, stands at 11.75.
As an average over the last 3 years, FRME stock has a PE ratio of 9.82.
As an average over the last 5 years, FRME stock has a PE ratio of 10.52.
The highest quarterly PE ratio in the last ten years has been 19.75 and it was in the Dec 2017 quarter.
The current PE ratio of FRME is 8% lower than the 10-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Apr 1, 2025), First Merchants's share price is $40.19. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $3.42. Therefore, First Merchants's price to earnings ratio for today is 11.75. PE RATIO(11.75) = STOCK PRICE($40.19) / TTM EPS($3.42)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from and Sharadar.