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FRME

FRME - First Merchants Corp Stock Price, Fair Value and News

35.36USD-0.07 (-0.20%)Delayed as of 14 May 2024, 02:52 pm ET

Market Summary

FRME
USD35.36-0.07
Delayedas of 14 May 2024, 02:52 pm
-0.20%

FRME Stock Price

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FRME RSI Chart

FRME Valuation

Market Cap

2.1B

Price/Earnings (Trailing)

10

Price/Sales (Trailing)

2.25

EV/EBITDA

2.54

Price/Free Cashflow

8.66

FRME Price/Sales (Trailing)

FRME Profitability

EBT Margin

25.84%

Return on Equity

9.33%

Return on Assets

1.13%

Free Cashflow Yield

11.55%

FRME Fundamentals

FRME Revenue

Revenue (TTM)

923.4M

Rev. Growth (Yr)

14.29%

Rev. Growth (Qtr)

-0.46%

FRME Earnings

Earnings (TTM)

207.6M

Earnings Growth (Yr)

-25.18%

Earnings Growth (Qtr)

12.86%

Breaking Down FRME Revenue

52 Week Range

25.3135.80
(Low)(High)

Last 7 days

1.3%

Last 30 days

7.1%

Last 90 days

8.0%

Trailing 12 Months

41.7%

How does FRME drawdown profile look like?

FRME Financial Health

Debt/Equity

0.31

Debt/Cashflow

0.35

FRME Investor Care

Dividend Yield

3.84%

Dividend/Share (TTM)

1.36

Buy Backs (1Y)

1.84%

Diluted EPS (TTM)

3.46

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024923.4M000
2023701.9M782.1M847.9M893.9M
2022446.4M474.2M524.0M605.0M
2021438.5M442.5M449.9M446.6M
2020476.4M473.0M461.1M448.5M
2019423.1M434.9M448.2M465.4M
2018340.3M369.7M389.6M407.9M
2017260.3M269.1M289.6M314.9M
2016176.1M237.0M244.8M253.3M
2015160.2M110.5M113.7M117.2M
2014178.1M189.0M201.5M208.9M
2013176.2M172.7M168.1M170.8M
2012178.3M176.8M177.1M175.9M
2011194.2M189.5M185.1M181.2M
20100220.2M209.9M199.6M
2009000230.4M
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Tracking the Latest Insider Buys and Sells of First Merchants Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Apr 09, 2024
schalliol charles e
acquired
32,475
21.65
1,500
-
Apr 09, 2024
becher michael r
acquired
32,475
21.65
1,500
-
Mar 31, 2024
fehring patrick j.
acquired
22,650
34.9
649
-
Mar 31, 2024
fisher michael j
acquired
21,847
34.9
626
-
Mar 31, 2024
johnson kevin d
acquired
21,847
34.9
626
-
Mar 31, 2024
kellogg clark c
acquired
22,650
34.9
649
-
Mar 31, 2024
lehman gary
acquired
21,847
34.9
626
-
Mar 31, 2024
chiang mung
acquired
22,650
34.9
649
-
Mar 31, 2024
becher michael r
acquired
24,185
34.9
693
-
Mar 31, 2024
halderman howard
acquired
23,417
34.9
671
-

1–10 of 50

Which funds bought or sold FRME recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 10, 2024
DIMENSIONAL FUND ADVISORS LP
added
7.17
985,148
114,986,000
0.03%
May 10, 2024
OSAIC HOLDINGS, INC.
reduced
-41.7
-538,180
654,824
-%
May 10, 2024
PRINCIPAL SECURITIES, INC.
reduced
-37.31
-4,074
5,863
-%
May 10, 2024
VANGUARD GROUP INC
reduced
-0.63
-15,764,800
227,908,000
-%
May 10, 2024
CREDIT SUISSE AG/
added
8.48
42,651
2,068,030
-%
May 10, 2024
BlackRock Inc.
reduced
-4.87
-20,091,900
171,858,000
-%
May 10, 2024
WELLS FARGO & COMPANY/MN
added
0.03
-420,909
6,771,590
-%
May 10, 2024
LPL Financial LLC
reduced
-0.34
-20,763
314,214
-%
May 10, 2024
Ullmann Wealth Partners Group, LLC
sold off
-100
-207,722
-
-%
May 10, 2024
PNC Financial Services Group, Inc.
added
6.74
3,897
843,708
-%

1–10 of 50

Are Funds Buying or Selling FRME?

Are funds buying FRME calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own FRME
No. of Funds

Unveiling First Merchants Corp's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
10.98%
6,571,539
SC 13G/A
Feb 09, 2024
dimensional fund advisors lp
5.1%
3,074,411
SC 13G
Jan 25, 2024
blackrock inc.
8.6%
5,176,638
SC 13G/A
Jul 10, 2023
earnest partners llc
4.8%
2,836,160
SC 13G/A
Feb 10, 2023
earnest partners llc
5.2%
3,080,102
SC 13G/A
Feb 09, 2023
vanguard group inc
10.79%
6,426,077
SC 13G/A
Feb 01, 2023
blackrock inc.
6.9%
4,127,631
SC 13G/A
Mar 10, 2022
earnest partners llc
5.0%
2,702,720
SC 13G/A
Feb 14, 2022
earnest partners llc
5.2%
2,783,471
SC 13G/A
Feb 10, 2022
vanguard group inc
9.80%
5,282,106
SC 13G/A

Recent SEC filings of First Merchants Corp

View All Filings
Date Filed Form Type Document
May 10, 2024
8-K
Current Report
May 10, 2024
8-K/A
Current Report
May 09, 2024
8-K
Current Report
May 08, 2024
8-K
Current Report
May 08, 2024
8-K
Current Report
May 01, 2024
10-Q
Quarterly Report
Apr 25, 2024
13F-HR
Fund Holdings Report
Apr 25, 2024
8-K
Current Report
Apr 25, 2024
8-K
Current Report
Apr 15, 2024
8-K
Current Report

Peers (Alternatives to First Merchants Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
570.5B
174.7B
8.69% 48.16%
11.33
3.27
53.11% 19.83%
299.1B
137.9B
6.85% 41.16%
11.95
2.17
56.12% -12.56%
213.6B
85.8B
8.52% 63.46%
11.38
2.49
35.02% 26.14%
120.9B
125.0B
6.23% 39.49%
15.13
0.97
37.85% -
16.4B
10.4B
8.48% 44.96%
11.43
1.57
26.22% -33.87%
14.0B
8.1B
1.78% 65.41%
16.04
1.72
32.15% -50.93%
MID-CAP
7.1B
4.2B
3.79% 66.34%
10.15
1.66
34.68% -45.96%
6.5B
4.1B
8.06% 95.94%
10.32
1.59
32.93% -30.73%
3.4B
1.3B
9.68% 70.56%
12.1
2.61
30.60% -12.99%
3.3B
2.0B
8.96% 50.51%
20.76
1.64
47.11% -59.32%
SMALL-CAP
497.6M
120.2M
6.68% 49.76%
19.02
4.14
45.65% -13.98%
406.2M
152.4M
2.65% 46.43%
40.86
2.67
16.94% -73.84%
395.7M
173.1M
7.98% 20.88%
13.57
2.29
26.54% -34.86%
290.4M
98.7M
5.64% 21.02%
9.87
2.94
6.27% -22.90%
45.8M
62.5M
12.13% -6.62%
-15.48
0.73
18.83% -145.18%

First Merchants Corp News

Latest updates
Yahoo Lifestyle UK • 12 May 2024 • 05:07 am
Yahoo New Zealand News • 10 May 2024 • 09:56 pm
Investing.com • 09 May 2024 • 08:10 am
Defense World • 06 May 2024 • 06:31 pm
MSN • 25 Apr 2024 • 08:54 pm
Houston Chronicle • 25 Apr 2024 • 07:00 am
The Globe and Mail • 02 Apr 2024 • 06:42 pm
Quartz • 3 months ago

First Merchants Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-0.5%236237229221206191163141110110114113110113106109120126118113109
EBITDA Margin-7.6%0.84*0.91*1.03*1.13*1.21*1.30*1.36*1.40*1.48*1.48*1.47*1.42*---------
Interest Expenses-2.3%12713013313814414914012910210110510410010293.0093.0094.0098.0089.0085.0085.00
Income Taxes54.2%7.004.009.0011.0011.0013.0010.004.007.007.009.0010.009.008.006.005.003.008.006.008.007.00
Earnings Before Taxes16.8%55.0047.0065.0072.0075.0083.0074.0043.0056.0055.0062.0066.0058.0053.0042.0038.0038.0056.0043.0049.0046.00
EBT Margin-10.9%0.26*0.29*0.35*0.39*0.39*0.42*0.43*0.45*0.53*0.54*0.53*0.49*---------
Net Income12.9%48.0042.0056.0061.0064.0071.0064.0039.0049.0051.0053.0056.0049.0045.0036.0033.0034.0048.0037.0041.0039.00
Net Income Margin-10.2%0.22*0.25*0.30*0.33*0.34*0.37*0.39*0.40*0.47*0.47*0.45*0.42*---------
Free Cashflow-31.7%59.0086.0059.0036.0078.0014050.0045.0050.0054.0066.0042.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-0.5%18,31818,40617,99717,96818,17918,00217,71917,78015,46515,45315,06114,92314,62914,06713,73713,81912,69412,45712,32510,73810,211
    Cash Equivalents-10.8%101113125109126123120213148167169168188193165230128177202128116
  Net PPE-0.9%13313413211411611711611810610610510410911111311311411311392.0092.00
  Goodwill0%7127127127127127127137131675455455451.00544544544544544543445445
Liabilities-0.4%16,09316,15815,90415,82316,05615,96715,81215,80313,65813,54113,19313,05112,82312,19211,90412,01010,91610,67110,5769,2368,755
  Long Term Debt-------------------685793615
Shareholder's Equity-1.0%2,2252,2482,0932,1462,1222,0351,9071,9781,8081,9131,8681,8721,8061,8761,8341,8091,7781,7861,7491,5021,456
  Retained Earnings2.4%1,1821,1551,1331,0971,0571,013962917898865833796756789758735717697663639611
  Additional Paid-In Capital-2.3%1,2081,2371,2341,2341,2321,2291,2271,2269879869891,0091,0071,0051,0041,0031,0011,0551,053841840
Shares Outstanding-1.4%59.0059.0059.0059.0059.0059.0059.0059.0053.0053.0054.0054.00---------
Float----1,674---2,104---2,249---1,483---1,874-
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-31.7%59.0086.0059.0036.0078.0014050.0045.0050.0054.0066.0042.0053.0060.0030.0043.0071.0040.0054.0031.0052.00
  Share Based Compensation2.6%1.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.00
Cashflow From Investing132.2%83.00-257-85.44216-217-205-12559.00-190-418-210-235-613-37260.00-1,050-189-175-74.05-455-300
Cashflow From Financing-196.8%-15315943.00-26814369.00-16.91-39.12121362146173555341-1541,10968.0011095.00437226
  Dividend Payments-0.9%20.0020.0020.0020.0019.0019.0019.0019.0016.0016.0016.0016.0014.0014.0014.0014.0014.0014.0013.0013.0011.00
  Buy Backs-30.00--------5.0021.00-----56.00-19.00--
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FRME Income Statement

2024-03-31
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Loans receivable:  
Taxable$ 198,023$ 172,353
Tax exempt8,1907,709
Investment securities:  
Taxable8,7489,087
Tax exempt13,61116,070
Deposits with financial institutions6,493637
Federal Home Loan Bank stock835542
Total Interest Income235,900206,398
INTEREST EXPENSE  
Deposits98,28550,685
Federal funds purchased01,297
Securities sold under repurchase agreements1,032848
Federal Home Loan Bank advances6,7737,064
Subordinated debentures and other borrowings2,7472,385
Total Interest Expense108,83762,279
NET INTEREST INCOME127,063144,119
Provision for credit losses2,0000
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES125,063144,119
NONINTEREST INCOME  
Net gains and fees on sales of loans3,2542,399
Increase in cash surrender value of life insurance1,4491,287
Gains on life insurance benefits1431
Net realized losses on sales of available for sale securities(2)(1,571)
Other income497823
Total Noninterest Income26,63824,997
NONINTEREST EXPENSES  
Salaries and employee benefits58,29357,459
Net occupancy7,3127,259
Equipment6,2266,126
Marketing1,1981,309
Outside data processing fees6,8896,113
Printing and office supplies353383
Intangible asset amortization1,9572,197
FDIC assessments4,2871,396
Other real estate owned and foreclosure expenses534(18)
Professional and other outside services3,9523,698
Other expenses5,9347,798
Total Noninterest Expenses96,93593,720
INCOME BEFORE INCOME TAX54,76675,396
Income tax expense6,82511,317
NET INCOME47,94164,079
Preferred stock dividends469469
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS$ 47,472$ 63,610
Per Share Data:  
Basic Net Income Available to Common Stockholders (in dollars per share)$ 0.80$ 1.07
Diluted Net Income Available to Common Stockholders (in dollars per share)0.801.07
Cash Dividends Paid (in dollars per share)$ 0.34$ 0.32
Average Diluted Common Shares Outstanding (in shares)59,273,01459,440,728
Service charges on deposit accounts  
NONINTEREST INCOME  
Other income$ 7,907$ 7,359
Fiduciary and wealth management fees  
NONINTEREST INCOME  
Other income8,2007,862
Card payment fees  
NONINTEREST INCOME  
Other income4,5005,172
Derivative hedge fees  
NONINTEREST INCOME  
Other income2631,148
Other customer fees  
NONINTEREST INCOME  
Other income$ 427$ 517

FRME Balance Sheet

2024-03-31
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS  
Cash and due from banks$ 100,514$ 112,649
Interest-bearing deposits410,497436,080
Investment securities available for sale1,620,2131,627,112
Investment securities held to maturity, net of allowance for credit losses of $245 and $245 (fair value of $1,820,451 and $1,870,374)2,163,3612,184,252
Loans held for sale15,11818,934
Loans12,465,58212,486,027
Less: Allowance for credit losses - loans(204,681)(204,934)
Net loans12,260,90112,281,093
Premises and equipment132,706133,896
Federal Home Loan Bank stock41,75841,769
Interest receivable92,55097,664
Goodwill712,002712,002
Other intangibles25,14227,099
Cash surrender value of life insurance306,028306,301
Other real estate owned4,8864,831
Tax asset, deferred and receivable101,12199,883
Other assets331,006322,322
TOTAL ASSETS18,317,80318,405,887
Deposits:  
Noninterest-bearing2,338,3642,500,062
Interest-bearing12,546,22012,321,391
Total Deposits14,884,58414,821,453
Borrowings:  
Securities sold under repurchase agreements130,264157,280
Federal Home Loan Bank advances612,778712,852
Subordinated debentures and other borrowings118,612158,644
Total Borrowings861,6541,028,776
Interest payable19,26218,912
Other liabilities327,500289,033
Total Liabilities16,093,00016,158,174
COMMITMENTS AND CONTINGENT LIABILITIES
STOCKHOLDERS' EQUITY  
Common stock value7,3217,428
Additional paid-in capital1,208,4471,236,506
Retained earnings1,181,9391,154,624
Accumulated other comprehensive loss(198,029)(175,970)
Total Stockholders' Equity2,224,8032,247,713
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY18,317,80318,405,887
Cumulative Preferred Stock  
STOCKHOLDERS' EQUITY  
Preferred stock value125125
Series A Preferred Stock  
STOCKHOLDERS' EQUITY  
Preferred stock value$ 25,000$ 25,000
FRME
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.
 CEO
 WEBSITEfirstmerchants.com
 INDUSTRYBanks Diversified
 EMPLOYEES2124

First Merchants Corp Frequently Asked Questions


What is the ticker symbol for First Merchants Corp? What does FRME stand for in stocks?

FRME is the stock ticker symbol of First Merchants Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of First Merchants Corp (FRME)?

As of Mon May 13 2024, market cap of First Merchants Corp is 2.08 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FRME stock?

You can check FRME's fair value in chart for subscribers.

What is the fair value of FRME stock?

You can check FRME's fair value in chart for subscribers. The fair value of First Merchants Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of First Merchants Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FRME so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is First Merchants Corp a good stock to buy?

The fair value guage provides a quick view whether FRME is over valued or under valued. Whether First Merchants Corp is cheap or expensive depends on the assumptions which impact First Merchants Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FRME.

What is First Merchants Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, FRME's PE ratio (Price to Earnings) is 10 and Price to Sales (PS) ratio is 2.25. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FRME PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on First Merchants Corp's stock?

In the past 10 years, First Merchants Corp has provided 0.08 (multiply by 100 for percentage) rate of return.