First Merchants Statistics
Total Valuation
First Merchants has a market cap or net worth of $2.61 billion. The enterprise value is $3.34 billion.
Important Dates
The next confirmed earnings date is Wednesday, April 22, 2026, after market close.
| Earnings Date | Apr 22, 2026 |
| Ex-Dividend Date | Mar 6, 2026 |
Share Statistics
First Merchants has 63.33 million shares outstanding. The number of shares has decreased by -1.38% in one year.
| Current Share Class | 63.33M |
| Shares Outstanding | 63.33M |
| Shares Change (YoY) | -1.38% |
| Shares Change (QoQ) | -0.01% |
| Owned by Insiders (%) | 1.81% |
| Owned by Institutions (%) | 70.57% |
| Float | 62.18M |
Valuation Ratios
The trailing PE ratio is 10.60 and the forward PE ratio is 9.82.
| PE Ratio | 10.60 |
| Forward PE | 9.82 |
| PS Ratio | 4.06 |
| Forward PS | 3.18 |
| PB Ratio | 0.96 |
| P/TBV Ratio | 1.52 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | 9.18 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 14.92 |
| EV / Sales | 5.21 |
| 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 9.47%.
| Return on Equity (ROE) | 9.47% |
| Return on Assets (ROA) | 1.21% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Weighted Average Cost of Capital (WACC) | 6.46% |
| Revenue Per Employee | $307,621 |
| Profits Per Employee | $107,443 |
| Employee Count | 2,086 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, First Merchants has paid $33.11 million in taxes.
| Income Tax | 33.11M |
| Effective Tax Rate | 12.78% |
Stock Price Statistics
The stock price has increased by +16.02% 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 | +16.02% |
| 50-Day Moving Average | 39.58 |
| 200-Day Moving Average | 38.76 |
| Relative Strength Index (RSI) | 63.43 |
| Average Volume (20 Days) | 406,073 |
Short Selling Information
The latest short interest is 1.25 million, so 1.98% of the outstanding shares have been sold short.
| Short Interest | 1.25M |
| Short Previous Month | 1.08M |
| Short % of Shares Out | 1.98% |
| Short % of Float | 2.02% |
| Short Ratio (days to cover) | 2.50 |
Income Statement
In the last 12 months, First Merchants had revenue of $641.70 million and earned $224.13 million in profits. Earnings per share was $3.88.
| Revenue | 641.70M |
| Gross Profit | 641.70M |
| Operating Income | 280.08M |
| Pretax Income | 259.11M |
| Net Income | 224.13M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $3.88 |
Full Income StatementBalance Sheet
The company has $328.93 million in cash and $1.07 billion in debt, with a net cash position of -$738.11 million or -$11.66 per share.
| Cash & Cash Equivalents | 328.93M |
| Total Debt | 1.07B |
| Net Cash | -738.11M |
| Net Cash Per Share | -$11.66 |
| Equity (Book Value) | 2.47B |
| Book Value Per Share | 42.87 |
| Working Capital | -15.13B |
Full Balance SheetCash Flow
| Operating Cash Flow | 283.65M |
| Capital Expenditures | n/a |
| Depreciation & Amortization | n/a |
| Net Borrowing | -158.25M |
| Free Cash Flow | n/a |
| FCF Per Share | n/a |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 43.65% |
| Pretax Margin | 40.38% |
| Profit Margin | 35.22% |
| 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 3.50%.
| Dividend Per Share | $1.44 |
| Dividend Yield | 3.50% |
| Dividend Growth (YoY) | 2.86% |
| Years of Dividend Growth | 14 |
| Payout Ratio | 37.11% |
| Buyback Yield | 1.38% |
| Shareholder Yield | 4.88% |
| Earnings Yield | 8.60% |
| FCF Yield | n/a |
Dividend DetailsAnalyst Forecast
The average price target for First Merchants is $48.33, which is 17.48% higher than the current price. The consensus rating is "Buy".
| Price Target | $48.33 |
| Price Target Difference | 17.48% |
| Analyst Consensus | Buy |
| Analyst Count | 4 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock ForecastsFair 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 |
