First Merchants Statistics
Total Valuation
First Merchants has a market cap or net worth of $2.61 billion. The enterprise value is $3.59 billion.
| Market Cap | 2.61B |
| Enterprise Value | 3.59B |
Important Dates
The last earnings date was Wednesday, July 22, 2026, after market close.
| Earnings Date | Jul 22, 2026 |
| Ex-Dividend Date | Sep 4, 2026 |
Share Statistics
First Merchants has 62.80 million shares outstanding. The number of shares has increased by 2.56% in one year.
| Current Share Class | 62.80M |
| Shares Outstanding | 62.80M |
| Shares Change (YoY) | +2.56% |
| Shares Change (QoQ) | +2.57% |
| Owned by Insiders (%) | 1.96% |
| Owned by Institutions (%) | 74.76% |
| Float | 61.57M |
Valuation Ratios
The trailing PE ratio is 13.47 and the forward PE ratio is 9.78.
| PE Ratio | 13.47 |
| Forward PE | 9.78 |
| PS Ratio | 4.07 |
| Forward PS | 3.17 |
| PB Ratio | 0.98 |
| P/TBV Ratio | 1.42 |
| P/FCF Ratio | 8.30 |
| P/OCF Ratio | 8.30 |
| PEG Ratio | n/a |
Enterprise Valuation
| EV / Earnings | 19.57 |
| EV / Sales | 5.61 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 11.44 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 5.25 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 7.37%.
| Return on Equity (ROE) | 7.37% |
| Return on Assets (ROA) | 0.93% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Weighted Average Cost of Capital (WACC) | 5.48% |
| Revenue Per Employee | $307,858 |
| Profits Per Employee | $88,251 |
| Employee Count | 2,086 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, First Merchants has paid $19.65 million in taxes.
| Income Tax | 19.65M |
| Effective Tax Rate | 9.56% |
Stock Price Statistics
The stock price has decreased by -0.43% in the last 52 weeks. The beta is 0.85, so First Merchants's price volatility has been lower than the market average.
| Beta (5Y) | 0.85 |
| 52-Week Price Change | -0.43% |
| 50-Day Moving Average | 42.92 |
| 200-Day Moving Average | 39.99 |
| Relative Strength Index (RSI) | 37.81 |
| Average Volume (20 Days) | 337,664 |
Short Selling Information
The latest short interest is 1.87 million, so 2.98% of the outstanding shares have been sold short.
| Short Interest | 1.87M |
| Short Previous Month | 1.62M |
| Short % of Shares Out | 2.98% |
| Short % of Float | 3.04% |
| Short Ratio (days to cover) | 3.92 |
Income Statement
In the last 12 months, First Merchants had revenue of $642.19 million and earned $184.09 million in profits. Earnings per share was $3.08.
| Revenue | 642.19M |
| Gross Profit | 642.19M |
| Operating Income | 231.16M |
| Pretax Income | 205.62M |
| Net Income | 184.09M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $3.08 |
Balance Sheet
The company has $665.65 million in cash and $1.65 billion in debt, with a net cash position of -$986.85 million or -$15.71 per share.
| Cash & Cash Equivalents | 665.65M |
| Total Debt | 1.65B |
| Net Cash | -986.85M |
| Net Cash Per Share | -$15.71 |
| Equity (Book Value) | 2.70B |
| Book Value Per Share | 42.96 |
| Working Capital | -16.64B |
Cash Flow
| Operating Cash Flow | 314.90M |
| Capital Expenditures | n/a |
| Depreciation & Amortization | n/a |
| Net Borrowing | -68.77M |
| Free Cash Flow | 314.90M |
| FCF Per Share | $5.01 |
Margins
| Gross Margin | n/a |
| Operating Margin | 36.00% |
| Pretax Margin | 32.02% |
| Profit Margin | 28.96% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 49.04% |
Dividends & Yields
This stock pays an annual dividend of $1.48, which amounts to a dividend yield of 3.57%.
| Dividend Per Share | $1.48 |
| Dividend Yield | 3.57% |
| Dividend Growth (YoY) | 2.82% |
| Years of Dividend Growth | 14 |
| Payout Ratio | 48.04% |
| Buyback Yield | -2.56% |
| Shareholder Yield | 0.98% |
| Earnings Yield | 7.04% |
| FCF Yield | 12.04% |
Analyst Forecast
The average price target for First Merchants is $48.00, which is 15.58% higher than the current price. The consensus rating is "Buy".
| Price Target | $48.00 |
| Price Target Difference | 15.58% |
| Analyst Consensus | Buy |
| Analyst Count | 6 |
| Revenue Growth Forecast (3Y) | n/a |
| EPS Growth Forecast (3Y) | n/a |
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 |