First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
37.10
-1.02 (-2.68%)
At close: Aug 1, 2025, 4:00 PM
37.11
+0.01 (0.03%)
After-hours: Aug 1, 2025, 4:10 PM EDT

First Merchants Statistics

Total Valuation

First Merchants has a market cap or net worth of $2.14 billion. The enterprise value is $3.00 billion.

Market Cap2.14B
Enterprise Value 3.00B

Important Dates

The last earnings date was Wednesday, July 23, 2025, after market close.

Earnings Date Jul 23, 2025
Ex-Dividend Date Jun 6, 2025

Share Statistics

First Merchants has 57.73 million shares outstanding. The number of shares has decreased by -1.74% in one year.

Current Share Class 57.73M
Shares Outstanding 57.73M
Shares Change (YoY) -1.74%
Shares Change (QoQ) -0.81%
Owned by Insiders (%) 1.59%
Owned by Institutions (%) 77.32%
Float 56.81M

Valuation Ratios

The trailing PE ratio is 9.63 and the forward PE ratio is 9.68.

PE Ratio 9.63
Forward PE 9.68
PS Ratio 3.36
Forward PS 2.96
PB Ratio 0.92
P/TBV Ratio 1.34
P/FCF Ratio n/a
P/OCF Ratio 8.25
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings 13.39
EV / Sales 4.69
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

Current Ratio n/a
Quick Ratio n/a
Debt / Equity n/a
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage n/a

Financial Efficiency

Return on equity (ROE) is 9.90%.

Return on Equity (ROE) 9.90%
Return on Assets (ROA) 1.22%
Return on Invested Capital (ROIC) n/a
Return on Capital Employed (ROCE) n/a
Revenue Per Employee $301,284
Profits Per Employee $105,581
Employee Count2,120
Asset Turnover n/a
Inventory Turnover n/a

Taxes

In the past 12 months, First Merchants has paid $35.60 million in taxes.

Income Tax 35.60M
Effective Tax Rate 13.62%

Stock Price Statistics

The stock price has decreased by -8.05% in the last 52 weeks. The beta is 1.03, so First Merchants's price volatility has been similar to the market average.

Beta (5Y) 1.03
52-Week Price Change -8.05%
50-Day Moving Average 38.60
200-Day Moving Average 39.92
Relative Strength Index (RSI) 34.65
Average Volume (20 Days) 350,441

Short Selling Information

The latest short interest is 669,856, so 1.16% of the outstanding shares have been sold short.

Short Interest 669,856
Short Previous Month 873,215
Short % of Shares Out 1.16%
Short % of Float 1.18%
Short Ratio (days to cover) 1.81

Income Statement

In the last 12 months, First Merchants had revenue of $638.72 million and earned $223.83 million in profits. Earnings per share was $3.85.

Revenue638.72M
Gross Profit 638.72M
Operating Income 284.34M
Pretax Income 211.03M
Net Income 223.83M
EBITDA n/a
EBIT n/a
Earnings Per Share (EPS) $3.85
Full Income Statement

Balance Sheet

The company has $362.47 million in cash and $1.22 billion in debt, giving a net cash position of -$855.16 million or -$14.81 per share.

Cash & Cash Equivalents 362.47M
Total Debt 1.22B
Net Cash -855.16M
Net Cash Per Share -$14.81
Equity (Book Value) 2.35B
Book Value Per Share 40.56
Working Capital -14.59B
Full Balance Sheet

Cash Flow

Operating Cash Flow 259.71M
Capital Expenditures n/a
Free Cash Flow n/a
FCF Per Share n/a
Full Cash Flow Statement

Margins

Gross Margin n/a
Operating Margin 44.52%
Pretax Margin 40.91%
Profit Margin 35.34%
EBITDA Margin n/a
EBIT Margin n/a
FCF Margin n/a

Dividends & Yields

This stock pays an annual dividend of $1.44, which amounts to a dividend yield of 3.88%.

Dividend Per Share $1.44
Dividend Yield 3.88%
Dividend Growth (YoY) 2.92%
Years of Dividend Growth 13
Payout Ratio 36.60%
Buyback Yield 1.74%
Shareholder Yield 5.62%
Earnings Yield 10.45%
FCF Yield n/a
Dividend Details

Analyst Forecast

The average price target for First Merchants is $44.50, which is 19.95% higher than the current price. The consensus rating is "Buy".

Price Target $44.50
Price Target Difference 19.95%
Analyst Consensus Buy
Analyst Count 4
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on August 27, 2003. It was a forward split with a ratio of 1.05:1.

Last Split Date Aug 27, 2003
Split Type Forward
Split Ratio 1.05:1

Scores

Altman Z-Score n/a
Piotroski F-Score 4