First Merchants Statistics

Total Valuation

First Merchants has a market cap or net worth of $2.52 billion. The enterprise value is $3.29 billion.

Market Cap	2.52B
Enterprise Value	3.29B

Important Dates

The last earnings date was Thursday, January 30, 2025, before market open.

Earnings Date	Jan 30, 2025
Ex-Dividend Date	Mar 7, 2025

Share Statistics

First Merchants has 57.97 million shares outstanding. The number of shares has decreased by -1.61% in one year.

Current Share Class	57.97M
Shares Outstanding	57.97M
Shares Change (YoY)	-1.61%
Shares Change (QoQ)	-0.07%
Owned by Insiders (%)	1.50%
Owned by Institutions (%)	73.99%
Float	57.08M

Valuation Ratios

The trailing PE ratio is 12.73 and the forward PE ratio is 11.21.

PE Ratio	12.73
Forward PE	11.21
PS Ratio	4.15
Forward PS	3.51
PB Ratio	1.10
P/TBV Ratio	1.63
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

EV / Earnings	16.48
EV / Sales	5.38
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 8.85%.

Return on Equity (ROE)	8.85%
Return on Assets (ROA)	1.10%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Revenue Per Employee	$282,606
Profits Per Employee	$92,288
Employee Count	2,162
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, First Merchants has paid $30.33 million in taxes.

Income Tax	30.33M
Effective Tax Rate	13.09%

Stock Price Statistics

The stock price has increased by +27.56% in the last 52 weeks. The beta is 1.08, so First Merchants's price volatility has been similar to the market average.

Beta (5Y)	1.08
52-Week Price Change	+27.56%
50-Day Moving Average	41.87
200-Day Moving Average	38.23
Relative Strength Index (RSI)	51.76
Average Volume (20 Days)	234,614

Short Selling Information

The latest short interest is 405,769, so 0.70% of the outstanding shares have been sold short.

Short Interest	405,769
Short Previous Month	601,667
Short % of Shares Out	0.70%
Short % of Float	0.71%
Short Ratio (days to cover)	1.78

Income Statement

In the last 12 months, First Merchants had revenue of $610.99 million and earned $199.53 million in profits. Earnings per share was $3.41.

Revenue	610.99M
Gross Profit	610.99M
Operating Income	256.10M
Pretax Income	211.03M
Net Income	199.53M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$3.41

Full Income Statement

Balance Sheet

The company has $386.51 million in cash and $1.16 billion in debt, giving a net cash position of -$771.68 million or -$13.31 per share.

Cash & Cash Equivalents	386.51M
Total Debt	1.16B
Net Cash	-771.68M
Net Cash Per Share	-$13.31
Equity (Book Value)	2.30B
Book Value Per Share	39.33
Working Capital	-14.19B

Full Balance Sheet

Cash Flow

Operating Cash Flow	n/a
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	41.92%
Pretax Margin	37.93%
Profit Margin	32.96%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $1.40, which amounts to a dividend yield of 3.22%.

Dividend Per Share	$1.40
Dividend Yield	3.22%
Dividend Growth (YoY)	2.94%
Years of Dividend Growth	10
Payout Ratio	41.06%
Buyback Yield	1.61%
Shareholder Yield	4.83%
Earnings Yield	7.93%
FCF Yield	n/a

Dividend Details

Analyst Forecast

The average price target for First Merchants is $47.50, which is 9.40% higher than the current price. The consensus rating is "Buy".

Price Target	$47.50
Price Target Difference	9.40%
Analyst Consensus	Buy
Analyst Count	5
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Forecasts

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	2