First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
40.39
-0.65 (-1.58%)
At close: Mar 28, 2025, 4:00 PM
38.72
-1.67 (-4.13%)
After-hours: Mar 28, 2025, 4:26 PM EDT

First Merchants Statistics

Total Valuation

First Merchants has a market cap or net worth of $2.36 billion. The enterprise value is $3.16 billion.

Market Cap 2.36B
Enterprise Value 3.16B

Important Dates

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

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

Share Statistics

First Merchants has 58.54 million shares outstanding. The number of shares has decreased by -1.61% in one year.

Current Share Class 58.54M
Shares Outstanding 58.54M
Shares Change (YoY) -1.61%
Shares Change (QoQ) -0.07%
Owned by Insiders (%) 1.54%
Owned by Institutions (%) 75.34%
Float 57.64M

Valuation Ratios

The trailing PE ratio is 11.84 and the forward PE ratio is 10.42.

PE Ratio 11.84
Forward PE 10.42
PS Ratio 3.85
Forward PS 3.30
PB Ratio 1.03
P/TBV Ratio 1.53
P/FCF Ratio n/a
P/OCF Ratio 8.88
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings 15.83
EV / Sales 5.17
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 $288,205
Profits Per Employee $94,117
Employee Count 2,120
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 +16.26% in the last 52 weeks. The beta is 1.06, so First Merchants's price volatility has been similar to the market average.

Beta (5Y) 1.06
52-Week Price Change +16.26%
50-Day Moving Average 42.13
200-Day Moving Average 39.15
Relative Strength Index (RSI) 43.42
Average Volume (20 Days) 341,826

Short Selling Information

The latest short interest is 324,433, so 0.55% of the outstanding shares have been sold short.

Short Interest 324,433
Short Previous Month 405,769
Short % of Shares Out 0.55%
Short % of Float 0.56%
Short Ratio (days to cover) 2.15

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 $463.64 million in cash and $1.26 billion in debt, giving a net cash position of -$794.99 million or -$13.58 per share.

Cash & Cash Equivalents 463.64M
Total Debt 1.26B
Net Cash -794.99M
Net Cash Per Share -$13.58
Equity (Book Value) 2.30B
Book Value Per Share 39.33
Working Capital -14.37B
Full Balance Sheet

Cash Flow

Operating Cash Flow 266.21M
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 3.47%.

Dividend Per Share $1.40
Dividend Yield 3.47%
Dividend Growth (YoY) 2.94%
Years of Dividend Growth 10
Payout Ratio 41.06%
Buyback Yield 1.61%
Shareholder Yield 5.07%
Earnings Yield 8.44%
FCF Yield n/a
Dividend Details

Analyst Forecast

The average price target for First Merchants is $47.50, which is 17.60% higher than the current price. The consensus rating is "Buy".

Price Target $47.50
Price Target Difference 17.60%
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 4