First Merchants Statistics

Total Valuation

FRME has a market cap or net worth of $2.11 billion.

Market Cap	2.11B
Enterprise Value	n/a

Important Dates

The next confirmed earnings date is Thursday, October 24, 2024, before market open.

Earnings Date	Oct 24, 2024
Ex-Dividend Date	Sep 6, 2024

Share Statistics

FRME has 58.51 million shares outstanding. The number of shares has decreased by -0.42% in one year.

Shares Outstanding	58.51M
Shares Change (YoY)	-0.42%
Shares Change (QoQ)	-1.59%
Owned by Insiders (%)	1.55%
Owned by Institutions (%)	73.30%
Float	57.60M

Valuation Ratios

The trailing PE ratio is 12.09 and the forward PE ratio is 10.37.

PE Ratio	12.09
Forward PE	10.37
PS Ratio	3.70
Forward PS	3.18
PB Ratio	0.95
P/FCF Ratio	8.16
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	n/a
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	4.04
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 8.17%.

Return on Equity (ROE)	8.17%
Return on Assets (ROA)	0.99%
Return on Capital (ROIC)	n/a
Revenue Per Employee	$274,324
Profits Per Employee	$82,173
Employee Count	2,162
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, FRME has paid $22.48 million in taxes.

Income Tax	22.48M
Effective Tax Rate	11.13%

Stock Price Statistics

The stock price has increased by +34.13% in the last 52 weeks. The beta is 1.03, so FRME's price volatility has been similar to the market average.

Beta (5Y)	1.03
52-Week Price Change	+34.13%
50-Day Moving Average	37.19
200-Day Moving Average	35.10
Relative Strength Index (RSI)	40.87
Average Volume (20 Days)	214,018

Short Selling Information

The latest short interest is 583,817, so 1.00% of the outstanding shares have been sold short.

Short Interest	583,817
Short Previous Month	719,945
Short % of Shares Out	1.00%
Short % of Float	1.01%
Short Ratio (days to cover)	2.26

Income Statement

In the last 12 months, FRME had revenue of $593.09 million and earned $177.66 million in profits. Earnings per share was $3.01.

Revenue	593.09M
Gross Profit	593.09M
Operating Income	232.13M
Pretax Income	211.03M
Net Income	177.66M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$3.01

Full Income Statement

Balance Sheet

The company has $443.85 million in cash and $1.08 billion in debt, giving a net cash position of -$637.24 million or -$10.89 per share.

Cash & Cash Equivalents	443.85M
Total Debt	1.08B
Net Cash	-637.24M
Net Cash Per Share	-$10.89
Equity (Book Value)	2.30B
Book Value Per Share	39.26
Working Capital	-14.16B

Full Balance Sheet

Cash Flow

Operating Cash Flow	n/a
Capital Expenditures	n/a
Free Cash Flow	267.74M
FCF Per Share	$4.58

Full Cash Flow Statement

Margins

Gross Margin	n/a
Operating Margin	39.14%
Pretax Margin	34.06%
Profit Margin	30.27%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	44.40%

Dividends & Yields

This stock pays an annual dividend of $1.40, which amounts to a dividend yield of 3.85%.

Dividend Per Share	$1.40
Dividend Yield	3.85%
Dividend Growth (YoY)	4.55%
Years of Dividend Growth	12
Payout Ratio	44.85%
Buyback Yield	0.42%
Shareholder Yield	4.29%
Earnings Yield	8.13%
FCF Yield	12.25%

Dividend Details

Analyst Forecast

The average price target for FRME is $44.50, which is 23.61% higher than the current price. The consensus rating is "Buy".

Price Target	$44.50
Price Target Difference	23.61%
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