First Merchants (BST:FM5) - Stock Price, News & Analysis

FM5 Stock Overview

Operates as the financial holding company for First Merchants Bank that provides community banking services. More details

FM5 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	2/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 55.2% below our estimate of its fair value

Earnings are forecast to grow 7.3% per year

Pays a reliable dividend of 3.23%

Risk Analysis

Significant insider selling over the past 3 months

First Merchants Corporation Competitors

ProCredit Holding

XTRA:PCZ

€461.8m

Commerzbank

XTRA:CBK

€18.5b

Bank of Qingdao

SEHK:3866

HK$20.5b

Berner Kantonalbank

SWX:BEKN

CHF 2.2b

Price History & Performance

Summary of all time highs, changes and price drops for First Merchants
Historical stock prices
Current Share Price	US$41.00
52 Week High	US$41.60
52 Week Low	US$27.40
Beta	1.02
11 Month Change	19.19%
3 Month Change	20.59%
1 Year Change	46.43%
33 Year Change	9.04%
5 Year Change	12.02%
Change since IPO	19.86%

Recent updates

Shareholder Returns

	FM5	DE Banks	DE Market
7D	0%	-0.6%	-1.3%
1Y	46.4%	21.8%	7.4%

Return vs Industry: FM5 exceeded the German Banks industry which returned 21.8% over the past year.

Return vs Market: FM5 exceeded the German Market which returned 7.4% over the past year.

Price Volatility

Is FM5's price volatile compared to industry and market?
FM5 volatility
FM5 Average Weekly Movement	5.0%
Banks Industry Average Movement	3.0%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: FM5 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: FM5's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1893	2,162	Mark Hardwick	www.firstmerchants.com

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also provides personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services.

First Merchants Corporation Fundamentals Summary

How do First Merchants's earnings and revenue compare to its market cap?
FM5 fundamental statistics
Market cap	€2.43b
Earnings (TTM)	€169.77m
Revenue (TTM)	€566.76m

14.3x

P/E Ratio

1.1x

P/B Ratio

Is FM5 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FM5 income statement (TTM)
Revenue	US$593.09m
Cost of Revenue	US$0
Gross Profit	US$593.09m
Other Expenses	US$415.43m
Earnings	US$177.66m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	3.03
Gross Margin	100.00%
Net Profit Margin	29.95%
Debt/Equity Ratio	49.6%

How did FM5 perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

46%

Payout Ratio

Does FM5 pay a reliable dividends?

See FM5 dividend history and benchmarks

When do you need to buy FM5 by to receive an upcoming dividend?
First Merchants dividend dates
Ex Dividend Date	Dec 06 2024
Dividend Pay Date	Dec 20 2024
Days until Ex dividend	13 days
Days until Dividend pay date	27 days

Does FM5 pay a reliable dividends?

See FM5 dividend history and benchmarks

FM5 Stock Overview

Rewards

Risk Analysis

First Merchants Corporation Competitors

XTRA:PCZ

€461.8m

XTRA:CBK

€18.5b

SEHK:3866

HK$20.5b

SWX:BEKN

CHF 2.2b

Price History & Performance

Recent News & Updates

Third quarter dividend of US$0.35 announced

First Merchants Corporation Announces Cash Dividend, Payable on December 20, 2024

Director recently sold €1.1m worth of stock

Investor sentiment improves as stock rises 18%

Third quarter 2024 earnings released: EPS: US$0.84 (vs US$0.94 in 3Q 2023)

First Merchants Corporation to Report Q3, 2024 Results on Oct 24, 2024

Recent updates

Third quarter dividend of US$0.35 announced

First Merchants Corporation Announces Cash Dividend, Payable on December 20, 2024

Director recently sold €1.1m worth of stock

Investor sentiment improves as stock rises 18%

Third quarter 2024 earnings released: EPS: US$0.84 (vs US$0.94 in 3Q 2023)

First Merchants Corporation to Report Q3, 2024 Results on Oct 24, 2024

Second quarter dividend of US$0.35 announced

First Merchants Corporation Declares Cash Dividend, Payable on September 20, 2024

Second quarter 2024 earnings released: EPS: US$0.68 (vs US$1.02 in 2Q 2023)

Investor sentiment improves as stock rises 16%

First Merchants Corporation to Report Q2, 2024 Results on Jul 25, 2024

Upcoming dividend of US$0.35 per share

First quarter dividend of US$0.35 announced

First Merchants Corporation and First Merchants Bank Announce Board and Committee Changes

First Merchants Corporation and First Merchants Bank Announce Board Changes

First quarter 2024 earnings released: EPS: US$0.80 (vs US$1.07 in 1Q 2023)

First Merchants Corporation to Report Q1, 2024 Results on Apr 25, 2024

Full year 2023 earnings released: EPS: US$3.74 (vs US$3.83 in FY 2022)

Upcoming dividend of US$0.34 per share

Independent Director recently sold €306k worth of stock

Fourth quarter dividend of US$0.34 announced

First Merchants Corporation Declares Cash Dividend, Payable on March 15, 2024

Full year 2023 earnings released: EPS: US$3.74 (vs US$3.83 in FY 2022)

First Merchants Corporation to Report Q4, 2023 Results on Jan 25, 2024

Advisor & Director recently sold €337k worth of stock

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 released: EPS: US$0.95 (vs US$1.07 in 3Q 2022)

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

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 released: EPS: US$1.02 (vs US$0.65 in 2Q 2022)

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

New minor risk - Share price stability

Upcoming dividend of US$0.34 per share at 5.1% yield

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

First quarter 2023 earnings released: EPS: US$1.07 (vs US$0.91 in 1Q 2022)

Investor sentiment deteriorates as stock falls 18%

Full year 2022 earnings released

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 released: EPS: US$3.83 (vs US$3.82 in FY 2021)

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 recently sold €1.1m worth of stock

Third quarter 2022 earnings released: EPS: US$1.08 (vs US$0.98 in 3Q 2021)

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

Second quarter 2022 earnings released: EPS: US$0.64 (vs US$1.03 in 2Q 2021)

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

Upcoming dividend of US$0.32 per share

Director recently sold €453k worth of stock

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