First Merchants Past Earnings Performance

Past criteria checks 5/6

First Merchants has been growing earnings at an average annual rate of 10.7%, while the Banks industry saw earnings growing at 12.7% annually. Revenues have been growing at an average rate of 10.9% per year. First Merchants's return on equity is 12%, and it has net margins of 37.6%.

Key information

10.7%

Earnings growth rate

6.8%

EPS growth rate

Banks Industry Growth	12.7%
Revenue growth rate	10.9%
Return on equity	12.0%
Net Margin	37.6%
Last Earnings Update	30 Sep 2023

Recent past performance updates

Recent updates

Here's Why We Think First Merchants (NASDAQ:FRME) Is Well Worth Watching

Sep 24

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

May 31

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

May 14

If EPS Growth Is Important To You, First Merchants (NASDAQ:FRME) Presents An Opportunity

May 03

First Merchants declares $0.32 dividend

Aug 10

First Merchants Non-GAAP EPS of $1.01 beats by $0.13, revenue of $156.94M beats by $1.6M

Jul 26

First Merchants: The Level One Acquisition Will Boost Earnings Power

Jun 07

First Merchants' (NASDAQ:FRME) Dividend Will Be Increased To US$0.32

May 14

Here's Why I Think First Merchants (NASDAQ:FRME) Might Deserve Your Attention Today

Mar 24

Should You Be Adding First Merchants (NASDAQ:FRME) To Your Watchlist Today?

Nov 19

If You Like EPS Growth Then Check Out First Merchants (NASDAQ:FRME) Before It's Too Late

Aug 07

First Merchants Corporation (NASDAQ:FRME) Vies For A Place In Your Dividend Portfolio: Here's Why

May 10

This Insider Has Just Sold Shares In First Merchants Corporation (NASDAQ:FRME)

Mar 19

First Merchants Corporation (NASDAQ:FRME) Passed Our Checks, And It's About To Pay A US$0.26 Dividend

Feb 28

Shareholders Of First Merchants (NASDAQ:FRME) Must Be Happy With Their 113% Total Return

Feb 18

Why You Might Be Interested In First Merchants Corporation (NASDAQ:FRME) For Its Upcoming Dividend

Nov 28

This section of the company report contains some beta features.

Revenue & Expenses Breakdown
Beta

How First Merchants makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:FRME Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 23	666	250	322
30 Jun 23	676	258	321
31 Mar 23	652	236	317
31 Dec 22	611	221	297
30 Sep 22	565	198	282
30 Jun 22	529	188	265
31 Mar 22	524	205	251
31 Dec 21	520	206	247
30 Sep 21	518	203	247
30 Jun 21	492	186	241
31 Mar 21	454	164	232
31 Dec 20	433	149	233
30 Sep 20	429	151	226
30 Jun 20	433	152	229
31 Mar 20	442	160	227
31 Dec 19	441	164	218
30 Sep 19	425	158	211
30 Jun 19	419	163	198
31 Mar 19	413	161	194
31 Dec 18	408	159	192
30 Sep 18	399	142	197
30 Jun 18	385	125	196
31 Mar 18	363	110	188
31 Dec 17	339	96	180
30 Sep 17	315	94	161
30 Jun 17	297	91	152
31 Mar 17	290	87	150
31 Dec 16	286	81	152
30 Sep 16	278	73	153
30 Jun 16	271	69	151
31 Mar 16	262	67	152
31 Dec 15	256	65	147
30 Sep 15	255	66	146
30 Jun 15	253	66	144
31 Mar 15	252	63	139
31 Dec 14	245	60	140
30 Sep 14	243	56	134
30 Jun 14	226	50	128
31 Mar 14	213	45	123
31 Dec 13	204	42	121
30 Sep 13	195	40	120
30 Jun 13	197	40	118
31 Mar 13	195	38	115
31 Dec 12	188	41	112

Quality Earnings: FRME has high quality earnings.

Growing Profit Margin: FRME's current net profit margins (37.6%) are higher than last year (35%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FRME's earnings have grown by 10.7% per year over the past 5 years.

Accelerating Growth: FRME's earnings growth over the past year (26.3%) exceeds its 5-year average (10.7% per year).

Earnings vs Industry: FRME earnings growth over the past year (26.3%) exceeded the Banks industry 1.4%.

Return on Equity

High ROE: FRME's Return on Equity (12%) is considered low.

Return on Assets

Return on Capital Employed

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First Merchants Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

First Merchants Corporation to Report Q3, 2023 Results on Oct 26, 2023

Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint

First Merchants Corporation to Report Q2, 2023 Results on Jul 25, 2023

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Full year 2022 earnings: Revenues in line with analyst expectations

Recent updates

Upcoming dividend of US$0.34 per share at 4.4% yield

First Merchants Corporation Declares Cash Dividend, Payable on December 15, 2023

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

First Merchants Corporation to Report Q3, 2023 Results on Oct 26, 2023

Here's Why We Think First Merchants (NASDAQ:FRME) Is Well Worth Watching

Upcoming dividend of US$0.34 per share at 4.6% yield

First Merchants Corporation Declares Cash Dividend, Payable on September 15, 2023

Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint

First Merchants Corporation to Report Q2, 2023 Results on Jul 25, 2023

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

Upcoming dividend of US$0.34 per share at 4.9% yield

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

First Merchants Corporation Declares Cash Dividend, Payable on June 16, 2023

If EPS Growth Is Important To You, First Merchants (NASDAQ:FRME) Presents An Opportunity

Price target decreased by 12% to US$37.50

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 8.2% to US$45.00

Independent Director notifies of intention to sell stock

Investor sentiment deteriorates as stock falls 17%

Full year 2022 earnings: Revenues in line with analyst expectations

Upcoming dividend of US$0.32 per share at 3.1% yield

First Merchants Corporation Announces Cash Dividend, Payable on March 17, 2023

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

First Merchants Corporation to Report Q4, 2022 Results on Jan 26, 2023

Upcoming dividend of US$0.32 per share

First Merchants Corporation Declares Cash Dividend, Payable on December 16, 2022

Independent Chairman of the Board notifies of intention to sell stock

Independent Chairman of the Board recently sold US$1.1m worth of stock

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

First Merchants Corporation to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$0.32 per share

First Merchants Corporation Announces Board Appointments

First Merchants Corporation Announces Cash Dividend, Payable on September 16, 2022

First Merchants declares $0.32 dividend

First Merchants Corporation(NasdaqGS:FRME.P) dropped from NASDAQ Composite Index

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

First Merchants Non-GAAP EPS of $1.01 beats by $0.13, revenue of $156.94M beats by $1.6M

First Merchants Corporation to Report Q2, 2022 Results on Jul 26, 2022

First Merchants Corporation Elects Kevin D. Johnson and Jason R. Sondhi to the Board of Directors of First Merchants Corporation and First Merchants Bank

First Merchants Corporation Announces Executive Changes

First Merchants: The Level One Acquisition Will Boost Earnings Power

Upcoming dividend of US$0.32 per share

Director recently sold US$478k worth of stock

First Merchants' (NASDAQ:FRME) Dividend Will Be Increased To US$0.32

First Merchants Corporation Elects Patrick J. Fehring to the Boards of Directors

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

First Merchants Corporation to Report Q1, 2022 Results on Apr 26, 2022

First Merchants Corporation (NasdaqGS:FRME) completed the acquisition of Level One Bancorp, Inc. (NasdaqGS:LEVL).

Here's Why I Think First Merchants (NASDAQ:FRME) Might Deserve Your Attention Today

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$0.29 per share

First Merchants Corporation Announces Cash Dividend, Payable on March 18, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

First Merchants Corporation Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2021

Senior VP & Chief Information Officer recently sold US$127k worth of stock

Senior VP & Chief Information Officer notifies of intention to sell stock

Upcoming dividend of US$0.29 per share

Should You Be Adding First Merchants (NASDAQ:FRME) To Your Watchlist Today?

Third quarter 2021 earnings released: EPS US$0.98 (vs US$0.67 in 3Q 2020)

Upcoming dividend of US$0.29 per share

If You Like EPS Growth Then Check Out First Merchants (NASDAQ:FRME) Before It's Too Late

Price target decreased to US$48.33

Second quarter 2021 earnings released: EPS US$1.03 (vs US$0.61 in 2Q 2020)

CEO & Director recently sold US$367k worth of stock

Upcoming dividend of US$0.29 per share

Independent Director recently sold US$51k worth of stock

First Merchants Corporation Announces Cash Dividend, Payable on June 18, 2021

First quarter 2021 earnings released: EPS US$0.92 (vs US$0.63 in 1Q 2020)

First Merchants Corporation (NASDAQ:FRME) Vies For A Place In Your Dividend Portfolio: Here's Why

Revenue & Expenses Breakdown
Beta