First Merchants Corporation (FRME)

Market Cap	1.93B
Revenue (ttm)	647.50M
Net Income (ttm)	221.91M
Shares Out	59.28M
EPS (ttm)	3.73
PE Ratio	8.76
Forward PE	9.52
Dividend	$1.36 (4.18%)
Ex-Dividend Date	Feb 29, 2024

Volume	152,092
Open	32.51
Previous Close	32.86
Day's Range	32.29 - 32.72
52-Week Range	24.52 - 38.16
Beta	1.10
Analysts	Buy
Price Target	36.67 (+12.8%)
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 $36.67, which is an increase of 12.80% from the latest price.

Price Target

$36.67

(12.80% upside)

Analyst Consensus: Buy