First Merchants Statistics

Total Valuation

First Merchants has a market cap or net worth of $2.10 billion. The enterprise value is $3.02 billion.

Market Cap	2.10B
Enterprise Value	3.02B

Important Dates

The next estimated earnings date is Thursday, July 24, 2025, before market open.

Earnings Date	Jul 24, 2025
Ex-Dividend Date	Jun 6, 2025

Share Statistics

First Merchants has 58.31 million shares outstanding. The number of shares has decreased by -1.97% in one year.

Current Share Class	58.31M
Shares Outstanding	58.31M
Shares Change (YoY)	-1.97%
Shares Change (QoQ)	-0.01%
Owned by Insiders (%)	1.56%
Owned by Institutions (%)	77.42%
Float	57.40M

Valuation Ratios

The trailing PE ratio is 10.13 and the forward PE ratio is 9.47.

PE Ratio	10.13
Forward PE	9.47
PS Ratio	3.39
Forward PS	2.91
PB Ratio	0.90
P/TBV Ratio	1.33
P/FCF Ratio	n/a
P/OCF Ratio	7.80
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

EV / Earnings	14.61
EV / Sales	4.91
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 9.16%.

Return on Equity (ROE)	9.16%
Return on Assets (ROA)	1.14%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Revenue Per Employee	$290,288
Profits Per Employee	$97,606
Employee Count	2,120
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, First Merchants has paid $31.38 million in taxes.

Income Tax	31.38M
Effective Tax Rate	13.06%

Stock Price Statistics

The stock price has increased by +12.58% in the last 52 weeks. The beta is 1.04, so First Merchants's price volatility has been similar to the market average.

Beta (5Y)	1.04
52-Week Price Change	+12.58%
50-Day Moving Average	36.92
200-Day Moving Average	39.55
Relative Strength Index (RSI)	39.14
Average Volume (20 Days)	226,534

Short Selling Information

The latest short interest is 727,968, so 1.25% of the outstanding shares have been sold short.

Short Interest	727,968
Short Previous Month	704,903
Short % of Shares Out	1.25%
Short % of Float	1.27%
Short Ratio (days to cover)	3.32

Income Statement

In the last 12 months, First Merchants had revenue of $615.41 million and earned $206.93 million in profits. Earnings per share was $3.55.

Revenue	615.41M
Gross Profit	615.41M
Operating Income	263.55M
Pretax Income	211.03M
Net Income	206.93M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$3.55

Full Income Statement

Balance Sheet

The company has $481.38 million in cash and $1.41 billion in debt, giving a net cash position of -$924.61 million or -$15.86 per share.

Cash & Cash Equivalents	481.38M
Total Debt	1.41B
Net Cash	-924.61M
Net Cash Per Share	-$15.86
Equity (Book Value)	2.33B
Book Value Per Share	39.91
Working Capital	-14.34B

Full Balance Sheet

Cash Flow

Operating Cash Flow	269.06M
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	42.83%
Pretax Margin	39.03%
Profit Margin	33.93%
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 4.00%.

Dividend Per Share	$1.44
Dividend Yield	4.00%
Dividend Growth (YoY)	2.92%
Years of Dividend Growth	13
Payout Ratio	40.55%
Buyback Yield	1.97%
Shareholder Yield	5.97%
Earnings Yield	9.86%
FCF Yield	n/a

Dividend Details

Analyst Forecast

The average price target for First Merchants is $45.50, which is 26.46% higher than the current price. The consensus rating is "Buy".

Price Target	$45.50
Price Target Difference	26.46%
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