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NASDAQ: FRME
First Merchants Corp Stock

Overview
ForecastEarningsDividendOwnership
$34.46-0.59 (-1.68%)
Updated Apr 25, 2024
FRME Price
$34.46
Fair Value Price
N/A
Market Cap
$2.04B
52 Week Low
$24.52
52 Week High
$38.16
P/E
9.21x
P/B
0.91x
P/S
3.43x
PEG
4.25x
Dividend Yield
3.95%
Revenue
$647.50M
Earnings
$223.79M
Gross Margin
100%
Operating Margin
40.04%
Profit Margin
34.3%
Debt to Equity
7.19
Operating Cash Flow
$259M
Beta
1.01
Next Earnings
N/A
Ex-Dividend
N/A
Next Dividend
N/A

FRME Overview

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

Zen Score

–
Industry Average (33)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how FRME scored across 38 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

FRME ($34.46) is trading above its intrinsic value of $23.37, according to an updated version of Benjamin Graham's Formula from Chapter 11 of "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
FRME is good value based on its earnings relative to its share price (9.21x), compared to the US market average (40.97x)
P/E vs Market Valuation
FRME is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
There are 35 more FRME due diligence checks available for Premium users.

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FRME News

Valuation

FRME fair value

Fair Value of FRME stock based on Discounted Cash Flow (DCF)
Price
$34.46
Fair Value
$50.24
Undervalued by
31.41%
FRME ($34.46) is trading above... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

FRME price to earnings (PE)

For valuing profitable companies with steady earnings
Company
9.21x
Industry
-10.31x
Market
40.97x
FRME is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
FRME is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

FRME price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
0.91x
Industry
0.99x
FRME is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

FRME price to earnings growth (PEG)

For valuing profitable companies with growth potential
FRME is poor value relative... subscribe to Premium to read more.
PEG Value Valuation

FRME's financial health

Profit margin

Revenue
$155.0M
Net Income
$42.5M
Profit Margin
27.1%
FRME's Earnings (EBIT) of $259.23M... subscribe to Premium to read more.
Interest Coverage Financials
FRME's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$18.4B
Liabilities
$16.2B
Debt to equity
7.19
FRME's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
FRME's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$86.1M
Investing
-$257.7M
Financing
$159.0M
FRME's operating cash flow ($258.83M)... subscribe to Premium to read more.
Debt Coverage Financials

FRME vs Bank Stocks

TickerMarket Cap1d %P/EP/B
FRME$2.04B-1.68%9.21x0.91x
BKU$2.04B-1.87%11.75x0.77x
INTR$2.03B-0.20%33.51x1.35x
SBCF$2.01B-1.17%19.06x0.95x
HTH$1.98B-0.56%17.76x0.93x
View Top Bank Stocks

First Merchants Stock FAQ

What is First Merchants's quote symbol?

(NASDAQ: FRME) First Merchants trades on the NASDAQ under the ticker symbol FRME. First Merchants stock quotes can also be displayed as NASDAQ: FRME.

If you're new to stock investing, here's how to buy First Merchants stock.

What is the 52 week high and low for First Merchants (NASDAQ: FRME)?

(NASDAQ: FRME) First Merchants's 52-week high was $38.16, and its 52-week low was $24.52. It is currently -9.7% from its 52-week high and 40.54% from its 52-week low.

How much is First Merchants stock worth today?

(NASDAQ: FRME) First Merchants currently has 59,339,426 outstanding shares. With First Merchants stock trading at $34.46 per share, the total value of First Merchants stock (market capitalization) is $2.04B.

First Merchants stock was originally listed at a price of $24.83 in Dec 31, 1997. If you had invested in First Merchants stock at $24.83, your return over the last 26 years would have been 38.77%, for an annualized return of 1.27% (not including any dividends or dividend reinvestments).

How much is First Merchants's stock price per share?

(NASDAQ: FRME) First Merchants stock price per share is $34.46 today (as of Apr 25, 2024).

What is First Merchants's Market Cap?

(NASDAQ: FRME) First Merchants's market cap is $2.04B, as of Apr 26, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

First Merchants's market cap is calculated by multiplying FRME's current stock price of $34.46 by FRME's total outstanding shares of 59,339,426.
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