First Merchants Corporation (FRME)

Market Cap	2.09B
Revenue (ttm)	630.09M
Net Income (ttm)	205.77M
Shares Out	58.59M
EPS (ttm)	3.46
PE Ratio	10.34
Forward PE	10.63
Dividend	$1.40 (3.91%)
Ex-Dividend Date	Jun 7, 2024

Volume	88,362
Open	35.58
Previous Close	35.54
Day's Range	35.58 - 36.20
52-Week Range	25.70 - 38.16
Beta	1.10
Analysts	Buy
Price Target	38.83 (+2.49%)
Earnings Date	Apr 25, 2024

About FRME

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also provides personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. The company operates banking locations in Indiana, Illinois, Ohi...

• Industry: Banks - Regional
• Sector: Financials
• Founded: 1893
• Employees: 2,162
• Stock Exchange: NASDAQ
• Ticker Symbol: FRME

Financial Performance

In 2023, FRME's revenue was $647.50 million, an increase of 5.91% compared to the previous year's $611.39 million. Earnings were $221.91 million, an increase of 0.56%.

Analyst Forecast

According to 3 analysts, the average rating for FRME stock is "Buy." The 12-month stock price forecast is $38.83, which is an increase of 2.49% from the latest price.

Price Target

$38.83

(2.49% upside)

Analyst Consensus: Buy