First Merchants Corporation (FRME)

First Merchants Statistics

Total Valuation

FRME has a market cap or net worth of $2.40 billion. The enterprise value is $3.04 billion.

Market Cap	2.40B
Enterprise Value	3.04B

Important Dates

The next estimated earnings date is Thursday, January 23, 2025, before market open.

Earnings Date	Jan 23, 2025
Ex-Dividend Date	Dec 6, 2024

Share Statistics

FRME has 58.67 million shares outstanding. The number of shares has decreased by -0.99% in one year.

Current Share Class	58.67M
Shares Outstanding	58.67M
Shares Change (YoY)	-0.99%
Shares Change (QoQ)	-0.07%
Owned by Insiders (%)	1.47%
Owned by Institutions (%)	73.75%
Float	57.80M

Valuation Ratios

The trailing PE ratio is 13.59 and the forward PE ratio is 11.53.

PE Ratio	13.59
Forward PE	11.53
PS Ratio	4.04
Forward PS	3.50
PB Ratio	1.04
P/TBV Ratio	1.55
P/FCF Ratio	9.08
P/OCF Ratio	9.08
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	17.09
EV / Sales	5.12
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	11.48

Financial Position

Current Ratio	n/a
Quick Ratio	n/a
Debt / Equity	n/a
Debt / EBITDA	n/a
Debt / FCF	4.32
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 8.17%.

Return on Equity (ROE)	8.17%
Return on Assets (ROA)	0.99%
Return on Capital (ROIC)	n/a
Revenue Per Employee	$274,324
Profits Per Employee	$82,173
Employee Count	2,162
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, FRME has paid $22.48 million in taxes.

Income Tax	22.48M
Effective Tax Rate	11.13%

Stock Price Statistics

The stock price has increased by +9.83% in the last 52 weeks. The beta is 1.06, so FRME's price volatility has been similar to the market average.

Beta (5Y)	1.06
52-Week Price Change	+9.83%
50-Day Moving Average	41.17
200-Day Moving Average	36.64
Relative Strength Index (RSI)	41.82
Average Volume (20 Days)	278,612

Short Selling Information

The latest short interest is 531,386, so 0.91% of the outstanding shares have been sold short.

Short Interest	531,386
Short Previous Month	563,908
Short % of Shares Out	0.91%
Short % of Float	0.92%
Short Ratio (days to cover)	1.80

Income Statement

In the last 12 months, FRME had revenue of $593.09 million and earned $177.66 million in profits. Earnings per share was $3.01.

Revenue	593.09M
Gross Profit	593.09M
Operating Income	232.13M
Pretax Income	211.03M
Net Income	177.66M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$3.01

Balance Sheet

The company has $506.12 million in cash and $1.14 billion in debt, giving a net cash position of -$636.36 million or -$10.85 per share.

Cash & Cash Equivalents	506.12M
Total Debt	1.14B
Net Cash	-636.36M
Net Cash Per Share	-$10.85
Equity (Book Value)	2.30B
Book Value Per Share	39.18
Working Capital	-14.20B

Cash Flow

Operating Cash Flow	264.32M
Capital Expenditures	n/a
Free Cash Flow	264.32M
FCF Per Share	$4.51

Margins

Gross Margin	n/a
Operating Margin	39.14%
Pretax Margin	34.06%
Profit Margin	30.27%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	44.57%

Dividends & Yields

This stock pays an annual dividend of $1.40, which amounts to a dividend yield of 3.42%.

Dividend Per Share	$1.40
Dividend Yield	3.42%
Dividend Growth (YoY)	3.73%
Years of Dividend Growth	9
Payout Ratio	46.52%
Buyback Yield	0.99%
Shareholder Yield	4.41%
Earnings Yield	7.41%
FCF Yield	11.02%

Analyst Forecast

The average price target for FRME is $44.90, which is 9.81% higher than the current price. The consensus rating is "Buy".

Price Target	$44.90
Price Target Difference	9.81%
Analyst Consensus	Buy
Analyst Count	5
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

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