First Merchants Corporation (FRME)

Market Cap	2.51B
Revenue (ttm)	593.09M
Net Income (ttm)	177.66M
Shares Out	58.67M
EPS (ttm)	3.01
PE Ratio	14.19
Forward PE	12.09
Dividend	$1.40 (3.28%)
Ex-Dividend Date	Sep 6, 2024

Volume	166,095
Open	42.71
Previous Close	42.86
Day's Range	42.06 - 42.91
52-Week Range	30.20 - 45.08
Beta	1.02
Analysts	Buy
Price Target	43.90 (+2.76%)
Earnings Date	Oct 24, 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
• Website: https://www.firstmerchants.com

Financial Performance

In 2023, First Merchants'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 5 analysts, the average rating for FRME stock is "Buy." The 12-month stock price forecast is $43.9, which is an increase of 2.76% from the latest price.

Price Target

$43.9

(2.76% upside)

Analyst Consensus: Buy