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First Merchants Corporation (FRME)

Stock Price: $34.71 USD -0.57 (-1.62%)
Updated November 27, 1:00 PM EST - Market closed

Stock Price Chart

Key Info

Market Cap 1.88B
Revenue (ttm) 429.40M
Net Income (ttm) 151.30M
Shares Out 54.26M
EPS (ttm) 2.78
PE Ratio 12.49
Forward PE 14.06
Dividend $1.04
Dividend Yield 3.00%

Stock Quote

Trading Day November 27
Last Price $34.71
Previous Close $35.28
Change ($) -0.57
Change (%) -1.62%
Day's Open 35.02
Day's Range 34.09 - 35.08
Day's Volume 116,984
52-Week Range 21.18 - 42.48

More Stats

Market Cap 1.88B
Enterprise Value 2.23B
Earnings Date (est) Feb 4, 2021
Ex-Dividend Date Sep 3, 2020
Shares Outstanding 54.26M
Float 53.51M
EPS (basic) 2.79
EPS (diluted) 2.78
FCF / Share 3.47
Dividend $1.04
Dividend Yield 3.00%
Earnings Yield 8.01%
FCF Yield 9.93%
Payout Ratio 37.30%
Shares Short 537,494
Short Ratio 2.77
Short % of Float 1.00%
Beta 1.20
PE Ratio 12.49
Forward PE 14.06
P/FCF Ratio 10.07
PS Ratio 4.39
PB Ratio 0.99
Revenue 429.40M
Operating Income 173.33M
Net Income 151.30M
Free Cash Flow 187.11M
Net Cash -347.01M
Net Cash / Share -6.40
Gross Margin 102.60%
Operating Margin 40.37%
Profit Margin 35.20%
FCF Margin 43.57%
ROA 1.16%
ROE 8.45%
ROIC 1.30%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (6)

Buy 3
Overweight 0
Hold 3
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$32.00*
(-7.81% downside)
Low
28.0
Current: $34.71
High
40.0
Target: 32.00
*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.