First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
35.65
+0.09 (0.25%)
Apr 28, 2025, 4:00 PM EDT - Market closed

First Merchants Statistics

Total Valuation

First Merchants has a market cap or net worth of $2.06 billion. The enterprise value is $2.98 billion.

Market Cap 2.06B
Enterprise Value 2.98B

Important Dates

The last earnings date was Thursday, April 24, 2025, before market open.

Earnings Date Apr 24, 2025
Ex-Dividend Date Mar 7, 2025

Share Statistics

First Merchants has 57.81 million shares outstanding. The number of shares has decreased by -2.00% in one year.

Current Share Class 57.81M
Shares Outstanding 57.81M
Shares Change (YoY) -2.00%
Shares Change (QoQ) -0.01%
Owned by Insiders (%) 1.57%
Owned by Institutions (%) 76.20%
Float 56.90M

Valuation Ratios

The trailing PE ratio is 10.03 and the forward PE ratio is 9.37.

PE Ratio 10.03
Forward PE 9.37
PS Ratio 3.35
Forward PS 2.84
PB Ratio 0.89
P/TBV Ratio 1.31
P/FCF Ratio n/a
P/OCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings 14.42
EV / Sales 4.85
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 +4.45% in the last 52 weeks. The beta is 0.96, so First Merchants's price volatility has been similar to the market average.

Beta (5Y) 0.96
52-Week Price Change +4.45%
50-Day Moving Average 39.58
200-Day Moving Average 39.56
Relative Strength Index (RSI) 40.89
Average Volume (20 Days) 336,152

Short Selling Information

The latest short interest is 697,478, so 1.21% of the outstanding shares have been sold short.

Short Interest 697,478
Short Previous Month 619,503
Short % of Shares Out 1.21%
Short % of Float 1.23%
Short Ratio (days to cover) 1.84

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 $417.65 million in cash and $1.34 billion in debt, giving a net cash position of -$925.40 million or -$16.01 per share.

Cash & Cash Equivalents 417.65M
Total Debt 1.34B
Net Cash -925.40M
Net Cash Per Share -$16.01
Equity (Book Value) 2.33B
Book Value Per Share 39.91
Working Capital -14.16B
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 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 $1.40, which amounts to a dividend yield of 3.93%.

Dividend Per Share $1.40
Dividend Yield 3.93%
Dividend Growth (YoY) 2.94%
Years of Dividend Growth 10
Payout Ratio 39.42%
Buyback Yield 2.00%
Shareholder Yield 5.93%
Earnings Yield 10.05%
FCF Yield n/a
Dividend Details

Analyst Forecast

The average price target for First Merchants is $44.90, which is 25.95% higher than the current price. The consensus rating is "Buy".

Price Target $44.90
Price Target Difference 25.95%
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