First Merchants Corporation
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- Market Cap.:
- $1.60 billion
- Book Value:
- Revenue TTM:
- $652.33 million
- Operating Margin TTM:
- Gross Profit TTM:
- $611.39 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
First Merchants Corporation had its IPO on 1992-02-25 under the ticker symbol FRME.
The company operates in the Financial Services sector and Banks-Regional industry. First Merchants Corporation has a staff strength of 2,124 employees.
Shares of First Merchants Corporation opened at $27.12 at the start of the last trading session i.e. 2023-06-02.
The stocks traded within a range of $27.08 - $28.58, and closed at $28.52.
This is a +6.58% increase from the previous day's closing price.
A total volume of 228,905 shares were traded at the close of the day’s session.
In the last one week, shares of First Merchants Corporation have increased by +5.14%.
First Merchants Corporation's Key Ratios
First Merchants Corporation has a market cap of $1.60 billion, indicating a price to book ratio of 1.2615 and a price to sales ratio of 4.1064.
In the last 12-months First Merchants Corporation’s revenue was $652.33 million with a gross profit of $611.39 million and an EBITDA of $0. The EBITDA ratio measures First Merchants Corporation's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, First Merchants Corporation’s operating margin was 47.08% while its return on assets stood at 1.41% with a return of equity of 12.09%.
In Q1, First Merchants Corporation’s quarterly earnings growth was a positive 17.6% while revenue growth was a positive 31.9%.
First Merchants Corporation’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $3.97 per share while it has a forward price to earnings multiple of 8.4818 and a PEG multiple of 2.68. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into First Merchants Corporation’s profitability.
First Merchants Corporation stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 4.1064.
First Merchants Corporation stock pays annual dividends of $1.28 per share, indicating a yield of 5.14% and a payout ratio of 31.03%.
Balance sheet and cash flow metrics
- Total Assets
- $18.18 billion
- Total Liabilities
- $11.98 million
- Operating Cash Flow
- Capital Expenditure
- Dividend Payout Ratio
First Merchants Corporation ended 2023 with $18.18 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $18.18 billion while shareholder equity stood at $2.12 billion.
First Merchants Corporation ended 2023 with $0 in deferred long-term liabilities, $11.98 million in other current liabilities, 7407000.00 in common stock, $1.06 billion in retained earnings and $712.00 million in goodwill. Its cash balance stood at $478.51 million and cash and short-term investments were $478.51 million. The company’s total short-term debt was $0 while long-term debt stood at $974.89 million.
First Merchants Corporation’s total current assets stands at $564.03 million while long-term investments were $4.06 billion and short-term investments were $1.79 billion. Its net receivables were $85.52 million compared to accounts payable of $11.98 million and inventory worth $0.
In 2023, First Merchants Corporation's operating cash flow was $-217374000.00 while its capital expenditure stood at $0.
Comparatively, First Merchants Corporation paid $0.31 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
First Merchants Corporation stock is currently trading at $28.52 per share. It touched a 52-week high of $43.7924 and a 52-week low of $43.7924. Analysts tracking the stock have a 12-month average target price of $37.5.
Its 50-day moving average was $28.67 and 200-day moving average was $37.34 The short ratio stood at 2.97 indicating a short percent outstanding of 0%.
Around 138.8% of the company’s stock are held by insiders while 7495.7% are held by institutions.
Frequently Asked Questions About First Merchants Corporation
Similar Industry Stocks (Banks-Regional)
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. The company operates banking locations in Indiana, Illinois, Ohio, and Michigan counties. It also offers its services through electronic and mobile delivery channels. The company was founded in 1893 and is headquartered in Muncie, Indiana.