First Merchants Statistics
Total Valuation
First Merchants has a market cap or net worth of $2.53 billion. The enterprise value is $3.37 billion.
| Market Cap | 2.53B |
| Enterprise Value | 3.37B |
Important Dates
The last earnings date was Wednesday, October 21, 2026, after market close.
| Earnings Date | Oct 21, 2026 |
| Ex-Dividend Date | Sep 4, 2026 |
Share Statistics
First Merchants has 62.21 million shares outstanding. The number of shares has increased by 5.08% in one year.
| Current Share Class | 62.21M |
| Shares Outstanding | 62.21M |
| Shares Change (YoY) | +5.08% |
| Shares Change (QoQ) | -0.26% |
| Owned by Insiders (%) | 1.99% |
| Owned by Institutions (%) | 75.94% |
| Float | 60.97M |
Valuation Ratios
The trailing PE ratio is 12.68 and the forward PE ratio is 9.48.
| PE Ratio | 12.68 |
| Forward PE | 9.48 |
| PS Ratio | 3.74 |
| Forward PS | 3.03 |
| PB Ratio | 0.97 |
| P/TBV Ratio | 1.42 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | 8.04 |
| PEG Ratio | n/a |
Enterprise Valuation
| EV / Earnings | 17.22 |
| EV / Sales | 4.98 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | n/a |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 0.45 |
| Debt / EBITDA | n/a |
| Debt / FCF | n/a |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 7.82%.
| Return on Equity (ROE) | 7.82% |
| Return on Assets (ROA) | 0.99% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Weighted Average Cost of Capital (WACC) | 6.19% |
| Revenue Per Employee | $324,124 |
| Profits Per Employee | $93,788 |
| Employee Count | 2,086 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, First Merchants has paid $22.34 million in taxes.
| Income Tax | 22.34M |
| Effective Tax Rate | 10.16% |
Stock Price Statistics
The stock price has increased by +11.12% in the last 52 weeks. The beta is 0.88, so First Merchants's price volatility has been lower than the market average.
| Beta (5Y) | 0.88 |
| 52-Week Price Change | +11.12% |
| 50-Day Moving Average | 40.82 |
| 200-Day Moving Average | 40.66 |
| Relative Strength Index (RSI) | 55.76 |
| Average Volume (20 Days) | 463,831 |
Short Selling Information
The latest short interest is 2.42 million, so 3.89% of the outstanding shares have been sold short.
| Short Interest | 2.42M |
| Short Previous Month | 2.37M |
| Short % of Shares Out | 3.89% |
| Short % of Float | 3.97% |
| Short Ratio (days to cover) | 4.85 |
Income Statement
In the last 12 months, First Merchants had revenue of $676.12 million and earned $195.64 million in profits. Earnings per share was $3.21.
| Revenue | 676.12M |
| Gross Profit | 676.12M |
| Operating Income | 248.88M |
| Pretax Income | 219.85M |
| Net Income | 195.64M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $3.21 |
Balance Sheet
The company has $349.10 million in cash and $1.19 billion in debt, with a net cash position of -$838.99 million or -$13.49 per share.
| Cash & Cash Equivalents | 349.10M |
| Total Debt | 1.19B |
| Net Cash | -838.99M |
| Net Cash Per Share | -$13.49 |
| Equity (Book Value) | 2.64B |
| Book Value Per Share | 41.97 |
| Working Capital | -16.37B |
Cash Flow
| Operating Cash Flow | 314.90M |
| Capital Expenditures | n/a |
| Depreciation & Amortization | n/a |
| Net Borrowing | -68.77M |
| Free Cash Flow | n/a |
| FCF Per Share | n/a |
Margins
| Gross Margin | n/a |
| Operating Margin | 36.81% |
| Pretax Margin | 32.52% |
| Profit Margin | 29.21% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | n/a |
Dividends & Yields
This stock pays an annual dividend of $1.48, which amounts to a dividend yield of 3.64%.
| Dividend Per Share | $1.48 |
| Dividend Yield | 3.64% |
| Dividend Growth (YoY) | 2.82% |
| Years of Dividend Growth | 14 |
| Payout Ratio | 46.15% |
| FCF Payout Ratio | n/a |
| Buyback Yield | -5.08% |
| Shareholder Yield | -1.44% |
| Earnings Yield | 7.88% |
| FCF Yield | n/a |
Analyst Forecast
The average price target for First Merchants is $46.83, which is 15.12% higher than the current price. The consensus rating is "Buy".
| Price Target | $46.83 |
| Price Target Difference | 15.12% |
| Analyst Consensus | Buy |
| Analyst Count | 6 |
| Revenue Growth Forecast (3Y) | 8.96% |
| EPS Growth Forecast (3Y) | 7.09% |
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 |