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First Merchants (FRME) Company Overview

Profile

Full Name:

First Merchants Corporation

Sector:

Financial Services

Industry:

Banks - Regional

Country:

United States

IPO:

June 20, 1989

Indexes:

Not included

Website:

http://www.firstmerchants.com

Description:

First Merchants Corporation is a financial holding company. The company includes banking branches in Indiana, Ohio, Michigan, and Illinois, as well as electronic and mobile delivery channels. The bank offers a range of financial services, including accepting deposits and deposits, providing consumer, commercial, agricultural, and mortgage real estate loans, providing personal and corporate trust services, brokerage services and private capital management, providing letters of credit, repurchase agreements, and other corporate services. First Merchants Corporation was founded in 1893, with its headquarters located in Muncie, Indiana.

Key Details

Price

$41.31

Market Cap

$2.42 B(Mid cap)

Last Dividend

$0.35

TTM Dividend Yield

3.39%

Annual Revenue

$626.71 M(-3.73% YoY)

Annual EPS

$3.41(-8.58% YoY)

PE Ratio

12.08

Annual ROE

8.85%

Annual Debt To Equity

0.40

Beta

1.09

Events Calendar

Earnings

Next earnings date:

Apr 25, 2025

Recent quarterly earnings:

Jan 30, 2025

Recent annual earnings:

Jan 30, 2025
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Mar 7, 2025
Splits

Next split:

N/A

Recent split:

Aug 27, 2003

Analyst ratings

Recent major analysts updates

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
Jul 26, 24 Stephens & Co.
Overweight

Screeners with FRME included

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Market Data

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Price

Current Price

$41.31
FRME price is $41.31

Price All-time High

$50.04
FRME price is currently -17.45% below its historical high of $50.04

Price Analysts Target

$50.50
FRME price is currently -18.20% lower than the consensus analysts' forecast

Price Most Recent Change

-1.74%
FRME price was down -1.74% on Mar 7, 2025

Price YTD Change

+3.56%
FRME price is up +3.56% since January 1st

Price 3-Year Change

-0.84%
FRME price is down -0.84% over the past 3 years

Market cap

Market Cap

$2.42 B
FRME market capitalization is $2.42 billion

Market Cap 3-Year Change

+7.85%
FRME market capitalization is up +7.85% over the past 3 years

Market Cap All-time High

$2.72 B
FRME market capitalization is currently -11.09% below its historical high of $2.72 billion

Market Cap Sector Rank

69.14%
FRME market capitalization is higher than 69.14% of companies in Financial Services sector

Technical

Beta

1.09
FRME beta is 1.09

200-day SMA

$38.59
FRME price is currently +7.06% above its 200-day simple moving average

14-day RSI

39.48
FRME 14-day relative strength index is 39.48

30-day Relative Volume

0.89
FRME 30-day relative volume is 0.89

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

Annual Dividend Per Share

$1.38
FRME annual dividend per share is $1.38

Annual Dividend Per Share Sector Rank

71.19%
FRME annual dividend per share is higher than 71.19% of companies in Financial Services sector

Annual Dividend Per Share 1-Year Change

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

Annual Dividend Per Share 3-Year Change

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

Dividend yield

Annual Dividend Yield

3.34%
FRME annual dividend yield is 3.34%

Annual Dividend Yield Sector Rank

35.63%
FRME annual dividend yield is higher than 35.63% of companies in Financial Services sector

Other

Annual Payout Ratio

41.46%
FRME annual payout ratio is 41.46%

Annual Dividends Paid

$83.50 M
FRME annual dividends paid is $83.50 million

Annual FCF

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

Profitability

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Revenue

Annual Revenue

$626.71 M
FRME annual revenue is $626.71 million

Annual Revenue Analysts Estimate

$702.46 M
FRME annual revenue is currently -10.78% lower than the consensus analysts' forecast

Annual Revenue 1-Year Change

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

Annual Revenue Sector Rank

71.46%
FRME annual revenue is higher than 71.46% of companies in Financial Services sector

Profit

Annual Gross Profit

-
FRME annual gross profit value is unknown

Annual Gross Margin

-
FRME annual gross profit margin value is unknown

Annual Operating Profit

-
FRME annual operating income value is unknown

Annual Operating Margin

-
FRME annual operating profit margin value is unknown

Annual Net Income

$201.40 M
FRME annual net profit is $201.40 million

Annual Net Margin

32.14%
FRME annual net profit margin is 32.14%

EPS

Annual EPS

$3.41
FRME annual earnings per share is $3.41

Annual EPS Analysts Estimate

$3.88
FRME annual earnings per share is currently -12.00% lower than the consensus analysts' forecast

Annual EPS 1-Year Change

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

Annual EPS Sector Rank

73.8%
FRME annual earnings per share is higher than 73.8% of companies in Financial Services sector

ROA & ROE

Annual ROA

1.10%
FRME annual return on assets is 1.10%

Annual ROE

8.85%
FRME annual return on equity is 8.85%

EBIT & EBITDA

Annual EBIT

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

Annual EBITDA

$685.47 M
FRME annual EBITDA is $685.47 million

Valuation

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PE Ratio

PE Ratio

12.08
FRME price to earnings ratio is 12.08

PE Ratio Sector Rank

41.56%
FRME price to earnings ratio is higher than 41.56% of companies in Financial Services sector

PB Ratio

PB Ratio

1.06
FRME price to book ratio is 1.06

PB Ratio Sector Rank

42.7%
FRME price to book ratio is higher than 42.7% of companies in Financial Services sector

PS Ratio

PS Ratio

3.86
FRME price to sales ratio is 3.86

PS Ratio Sector Rank

69.02%
FRME price to sales ratio is higher than 69.02% of companies in Financial Services sector

Enterprise value

Enterprise Value

$2.95 B
FRME enterprise value is $2.95 billion

Enterprise Value Sector Rank

68.89%
FRME enterprise value is higher than 68.89% of companies in Financial Services sector

EV/EBITDA

EV/EBITDA

4.30
FRME EV/EBITDA is 4.30

EV/EBITDA Sector Rank

51.18%
FRME EV/EBITDA is higher than 51.18% of companies in Financial Services sector

Financial Health

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Liquidity

Annual Current Ratio

7.22
FRME annual current ratio is 7.22

Annual Quick Ratio

-
FRME annual quick ratio value is unknown

Leverage

Annual Debt To Equity

0.40
FRME annual debt to equity ratio is 0.40

Annual 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

0.45
FRME altman z-score is 0.45

Balance Sheet

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Assets

Annual Total Assets

$18.31 B
FRME annual total assets is $18.31 billion

Annual Non Current Assets

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

Annual Current Assets

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

Annual Cash & Cash Equivalents

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

Equity

Annual Book Value

$2.28 B
FRME annual book value is $2.28 billion

Annual Working Capital

$1.61 B
FRME annual working capital is $1.61 billion

Liabilities

Annual Total Liabilities

$16.01 B
FRME annual total liabilities is $16.01 billion

Annual Total Long Term Liabilities

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

Annual Current Liabilities

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

Annual Accounts Payable

$16.10 M
FRME annual accounts payable is $16.10 million

Debt

Annual Total Debt

$916.08 M
FRME annual total debt is $916.08 million

Annual Total Debt 1-Year Change

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

Annual Long Term Debt

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

Annual Short Term Debt

-
FRME annual short term debt value is unknown

Expenses

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Annual Total Expenses

-
FRME annual total expenses value is unknown

Annual Operating Expenses

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

Annual Cost Of Goods Sold

-
FRME annual cost of goods sold value is unknown

Annual SGA

$243.59 M
FRME annual SGA is $243.59 million

Annual D&A

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

Annual Interest Expense

-
FRME annual interest expense value is unknown

Cash Flow

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Cashflow Activities

Annual CFO

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

Annual CFO 1-Year Change

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

Annual CFI

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

Annual CFI 1-Year Change

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

Annual CFF

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

Annual CFF 1-Year Change

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

Free CashFlow

Annual FCF

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

Annual FCF 1-Year Change

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

CAPEX

Annual CAPEX

-
FRME annual capital expenditures value is unknown

Annual CAPEX 1-Year Change

-
FRME annual capital expenditures 1-year change is unknown

Institutional Ownership

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FAQ

  • 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 25, 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