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First Merchants (FRME)

Profile

Full Name

First Merchants Corporation

Ticker Symbol

FRME

Exchange

NASDAQ

Sector

Financial Services

Industry

Banks - Regional

Country

United States

IPO

June 20, 1989

Indexes

Not included

Website

http://www.firstmerchants.com

Employees

2120

Key Details

Price

$34.13(-1.44%)

Market cap

Last Dividend

$0.35

TTM Dividend yield

4.10%

Annual revenue

$626.71M(-3.73% YoY)

Annual EPS

$3.41(-8.58% YoY)

PE ratio

9.98

Next earnings date

Apr 24, 2025

Next ex-dividend date

N/A

Next split date

N/A

Price

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Current Price

$34.13
FRME price is $34.13

30-Day Relative Volume

0.74
FRME 30-day relative volume is 0.74

Price Performance

Price Today change

-1.44%
FRME price is down -1.44% today

Price YTD change

-14.44%
FRME price is down -14.44% since January 1st

Price 1-year change

+2.71%
FRME price is up +2.71% year-on-year

Price 3-year change

-12.82%
FRME price is down -12.82% over the past 3 years

Price Range

Price All-time high

$50.65
FRME price is currently -32.62% below its historical high of $50.65

Price 3-year low

$24.52
FRME price is currently +39.19% above its 3-year low

Capitalization

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Market cap

Market cap

$2.00B
FRME market capitalization is $2.00 billion

Market cap 3-year change

-14.09%
FRME market capitalization is down -14.09% over the past 3 years

Market cap All-time high

$2.72B
FRME market capitalization is currently -26.54% below its historical high of $2.72 billion

Market cap sector rank

68.57%
FRME market capitalization is higher than 68.57% of companies in Financial Services sector

Shares Outstanding

Shares Outstanding 1-Year Change

-0.05%
FRME shares outstanding is down -0.05% year-on-year

Shares Outstanding 3-Year Change

-1.46%
FRME shares outstanding is down -1.46% over the past 3 years

Technical Indicators

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Beta

0.88
FRME beta is 0.88

200-day SMA

$39.42
FRME price is currently -13.42% below its 200-day simple moving average

50-day SMA

$41.37
FRME price is currently -17.50% below its 50-day simple moving average

RSI

27.30
FRME 14-day relative strength index is 27.30

Volume

0.74
FRME 30-day relative volume is 0.74

ATR

$1.84
FRME average true range is $1.84

10-day Historical Volatility

58.99%
FRME 10-day historical volatility is 58.99%

Dividend

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Events

Last Paid Dividend

$0.35
FRME last dividend was $0.35 per share, with an ex-dividend date of March 7, 2025

Next Dividend

-
FRME next dividend has not yet been announced

Dividend per share

Dividend per share

$1.38
FRME annual dividend per share is $1.38

Dividend per share Sector Rank

70.33%
FRME annual dividend per share is higher than 70.33% of companies in Financial Services sector

Dividend per share 1-Year Change

+2.99%
FRME annual dividend per share is up +2.99% year-on-year

Dividend per share 3-Year Change

+22.12%
FRME annual dividend per share is up +22.12% over the past 3 years

Dividend yield

Dividend yield

4.04%
FRME annual dividend yield is 4.04%

Dividend yield Sector Rank

40.06%
FRME annual dividend yield is higher than 40.06% of companies in Financial Services sector

Other

Payout ratio

41.46%
FRME annual payout ratio is 41.46%

Dividends paid

$83.50M
FRME annual dividends paid is $83.50 million

Free cash flow

$266.21M
FRME annual free cash flow is $266.21 million

Income Statement

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Revenue

Revenue

$626.71M
FRME annual revenue is $626.71 million

Revenue Analysts estimate

$702.86M
FRME annual revenue is currently -10.83% lower than the consensus analysts' forecast

Revenue 1-year change

-3.73%
FRME annual revenue is down -3.73% year-on-year

Revenue Sector rank

71.55%
FRME annual revenue is higher than 71.55% of companies in Financial Services sector

EPS

EPS

$3.41
FRME annual earnings per share is $3.41

EPS Analysts estimate

$3.89
FRME annual earnings per share is currently -12.26% lower than the consensus analysts' forecast

EPS 1-year change

-8.58%
FRME annual earnings per share is down -8.58% year-on-year

EPS Sector rank

73.85%
FRME annual earnings per share is higher than 73.85% of companies in Financial Services sector

Profit

Gross profit

-
FRME annual gross profit value is unknown

Gross margin

-
FRME annual gross profit margin value is unknown

Operating profit

-
FRME annual operating income value is unknown

Operating margin

-
FRME annual operating profit margin value is unknown

Net income

$201.40M
FRME annual net profit is $201.40 million

Net margin

32.14%
FRME annual net profit margin is 32.14%

Expenses

Total expenses

-
FRME annual total expenses value is unknown

Operating expenses

$270.84M
FRME annual total operating expenses is $270.84 million

Cost of goods sold

-
FRME annual cost of goods sold value is unknown

Selling, general & administrative expenses

$243.59M
FRME annual SGA is $243.59 million

Depreciation and amortization

$26.85M
FRME annual depreciation & amortization is $26.85 million

Interest expense

-
FRME annual interest expense value is unknown

Income tax

$30.33M
FRME annual income tax is $30.33 million

EBIT & EBITDA

EBIT

$658.62M
FRME annual earnings before interest & taxes is $658.62 million

EBITDA

$685.47M
FRME annual EBITDA is $685.47 million

Balance Sheet

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Assets

Total assets

$18.31B
FRME annual total assets is $18.31 billion

Non current assets

$17.39B
FRME annual long term assets is $17.39 billion

Current assets

$1.86B
FRME annual total current assets is $1.86 billion

Cash and cash equivalents

$386.51M
FRME annual cash & cash equivalents is $386.51 million

Accounts receivable

$91.83M
FRME annual accounts receivable is $91.83 million

Inventory

-
FRME annual inventory value is unknown

Liabilities

Total liabilities

$16.01B
FRME annual total liabilities is $16.01 billion

Long term liabilities

$15.44B
FRME annual total long term liabilities is $15.44 billion

Current liabilities

$258.20M
FRME annual total current liabilities is $258.20 million

Accounts payable

$16.10M
FRME annual accounts payable is $16.10 million

Debt

Total debt

$916.08M
FRME annual total debt is $916.08 million

Total debt 1-year change

+5.12%
FRME annual total debt is up +5.12% year-on-year

Long term debt

$916.08M
FRME annual long term debt is $916.08 million

Short term debt

-
FRME annual short term debt value is unknown

Equity & Capital

Shareholders equity

$2.30B
FRME annual stockholders equity is $2.30 billion

Book value

$2.28B
FRME annual book value is $2.28 billion

Retained earnings

$1.27B
FRME annual retained earnings is $1.27 billion

Working capital

$1.61B
FRME annual working capital is $1.61 billion

Cash Flow Statement

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Cashflow Activities

Cash from operations

$266.21M
FRME annual cash flow from operations is $266.21 million

Cash from operations 1-year change

+2.85%
FRME annual cash flow from operations is up +2.85% year-on-year

Cash from investing

-$252.42M
FRME annual cash flow from investing activities is -$252.42 million

Cash from investing 1-year change

+26.71%
FRME annual cash flow from investing activities is up +26.71% year-on-year

Cash from financing

-$38.82M
FRME annual cash flow from financing activities is -$38.82 million

Cash from financing 1-year change

-151.32%
FRME annual cash flow from financing activities is down -151.32% year-on-year

CAPEX

CAPEX

-
FRME annual capital expenditures value is unknown

CAPEX 1-year change

-
FRME annual capital expenditures 1-year change is unknown

Free Cash Flow

Free cash flow

$266.21M
FRME annual free cash flow is $266.21 million

Free cash flow 1-year change

+2.85%
FRME annual free cash flow is up +2.85% year-on-year

Profitability Ratios

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Margins

Gross margin

-
FRME annual gross profit margin value is unknown

Operating margin

-
FRME annual operating profit margin value is unknown

Net margin

32.14%
FRME annual net profit margin is 32.14%

ROA & ROE

ROA

1.10%
FRME annual return on assets is 1.10%

ROE

8.85%
FRME annual return on equity is 8.85%

Valuation

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PE Ratio

PE ratio

9.98
FRME price to earnings ratio is 9.98

PE ratio Sector rank

32.36%
FRME price to earnings ratio is higher than 32.36% of companies in Financial Services sector

PB Ratio

PB ratio

0.88
FRME price to book ratio is 0.88

PB ratio Sector rank

38.24%
FRME price to book ratio is higher than 38.24% of companies in Financial Services sector

PS Ratio

PS ratio

3.19
FRME price to sales ratio is 3.19

PS ratio Sector rank

65.08%
FRME price to sales ratio is higher than 65.08% of companies in Financial Services sector

Enterprise value

Enterprise value

$2.53B
FRME enterprise value is $2.53 billion

Enterprise value Sector rank

68.79%
FRME enterprise value is higher than 68.79% of companies in Financial Services sector

EV/EBITDA

EV/EBITDA

3.69
FRME EV/EBITDA is 3.69

EV/EBITDA Sector rank

51.02%
FRME EV/EBITDA is higher than 51.02% of companies in Financial Services sector

Financial Health

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Liquidity

Current ratio

7.22
FRME annual current ratio is 7.22

Quick ratio

-
FRME annual quick ratio value is unknown

Leverage

Debt to equity

0.40
FRME annual debt to equity ratio is 0.40

Interest coverage ratio

-
FRME annual interest coverage ratio value is unknown

Risk & Stability

Piotroski F-Score

-
FRME piotroski f-score value is unknown

Altman Z-Score

0.43
FRME altman z-score is 0.43

Analyst ratings

Recent major analysts updates

Apr 2, 25 Raymond James
Outperform
Jan 31, 25 Raymond James
Outperform
Jan 31, 25 Piper Sandler
Overweight
Jan 31, 25 Keefe, Bruyette & Woods
Outperform
Dec 4, 24 Keefe, Bruyette & Woods
Outperform
Oct 28, 24 Piper Sandler
Overweight
Aug 28, 24 Keefe, Bruyette & Woods
Outperform
Aug 7, 24 Stephens & Co.
Equal-Weight
Jul 29, 24 Piper Sandler
Overweight
Jul 29, 24 Keefe, Bruyette & Woods
Outperform

Institutional Ownership

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  • What is the ticker symbol for First Merchants?
  • Does First Merchants pay dividends?
  • What sector is First Merchants in?
  • What industry is First Merchants in?
  • What country is First Merchants based in?
  • When did First Merchants go public?
  • Is First Merchants in the S&P 500?
  • Is First Merchants in the NASDAQ 100?
  • Is First Merchants in the Dow Jones?
  • When was First Merchants's last earnings report?
  • When does First Merchants report earnings?
  • Should I buy First Merchants stock now?

What is the ticker symbol for First Merchants?

The ticker symbol for First Merchants is NASDAQ:FRME

Does First Merchants pay dividends?

Yes, First Merchants pays dividends. The last payment was $0.35, with an ex-dividend date on March 7, 2025

What sector is First Merchants in?

First Merchants is in the Financial Services sector

What industry is First Merchants in?

First Merchants is in the Banks - Regional industry

What country is First Merchants based in?

First Merchants is headquartered in United States

When did First Merchants go public?

First Merchants's initial public offering (IPO) was on June 20, 1989

Is First Merchants in the S&P 500?

No, First Merchants is not included in the S&P 500 index

Is First Merchants in the NASDAQ 100?

No, First Merchants is not included in the NASDAQ 100 index

Is First Merchants in the Dow Jones?

No, First Merchants is not included in the Dow Jones index

When was First Merchants's last earnings report?

First Merchants's most recent earnings report was on Jan 30, 2025

When does First Merchants report earnings?

The next expected earnings date for First Merchants is Apr 24, 2025

Should I buy First Merchants stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions
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