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First Merchants Corporation (FRME)

Stock Price: $26.19 USD 1.06 (4.22%)
Updated Aug 7, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 1.41B
Revenue (ttm) 433.30M
Net Income (ttm) 159.91M
Shares Out 53.80M
EPS (ttm) 2.82
PE Ratio 9.29
Forward PE 11.60
Dividend $1.04
Dividend Yield 3.97%

Stock Quote

Trading Day Aug 7, 2020
Last Price $26.19
Previous Close $25.13
Change ($) 1.06
Change (%) 4.22%
Day's Open 24.97
Day's Range 24.66 - 26.25
Day's Volume 171,146
52-Week Range 21.18 - 42.48

More Stats

Market Cap 1.41B
Enterprise Value 1.99B
Earnings Date (est) Oct 22, 2020
Ex-Dividend Date Jun 4, 2020
Shares Outstanding 53.80M
Float 53.10M
EPS (basic) 3.04
EPS (diluted) 2.82
FCF / Share 3.61
Dividend $1.04
Dividend Yield 3.97%
Earnings Yield 10.77%
FCF Yield 14.05%
Payout Ratio 51.30%
Shares Short 601,155
Short Ratio 1.77
Short % of Float 0.94%
Beta 1.12
PE Ratio 9.29
Forward PE 11.60
P/FCF Ratio 7.12
PS Ratio 3.25
PB Ratio 0.72
Revenue 433.30M
Operating Income 185.78M
Net Income 159.91M
Free Cash Flow 197.96M
Net Cash -579.38M
Net Cash / Share -10.77
Gross Margin 101.67%
Operating Margin 42.88%
Profit Margin 36.20%
FCF Margin 45.69%
ROA 1.24%
ROE 9.17%
ROIC 1.60%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (6)

Buy 2
Overweight 0
Hold 4
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$30.70*
(17.22% upside)
Low
28.0
Current: $26.19
High
38.0
Target: 30.70
*Average 12-month price target from 5 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue441408339286266246204198170146
Revenue Growth7.95%20.33%18.58%7.58%7.94%20.95%2.79%16.64%16.63%-
Gross Profit441408339286266246204198170146
Operating Income19418813410991.0582.2960.4160.9933.913.32
Net Income16415996.0781.0565.3860.1644.5345.1225.256.91
Shares Outstanding55.7049.6649.1440.8137.8736.0728.8328.6728.5425.57
Earnings Per Share3.193.222.121.981.721.651.411.410.340.48
EPS Growth-0.93%51.89%7.07%15.12%4.24%17.02%0%314.71%-29.17%-
Dividend Per Share1.520.840.690.540.410.290.180.100.040.04
Dividend Growth80.95%21.74%27.78%31.71%41.38%61.11%80%150%0%-
Operating Cash Flow17818012710456.6675.8418370.2785.4881.05
Free Cash Flow17818012710456.6675.8418370.2785.4881.05
Cash & Equivalents295176190152134166165140126124
Total Debt733671834694569412523367489419
Net Cash / Debt-437-495-644-542-434-246-359-227-363-295
Assets12,4579,8859,3677,2126,7615,8245,4374,3054,1734,171
Liabilities10,6718,4768,0646,3105,9105,0974,8023,7533,6593,716
Book Value1,7861,4081,303902851727635552514454
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name First Merchants Corporation
Country United States
Employees 1,891
CEO Michael C. Rechin

Stock Information

Ticker Symbol FRME
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: FRME

Description

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 128 banking locations in thirty Indiana, two Illinois, two Ohio, and two Michigan counties. The company offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.