FRME.P Stock Overview
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services.
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
First Merchants Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$25.00 |
| 52 Week High | US$26.43 |
| 52 Week Low | US$21.64 |
| Beta | 1.1 |
| 1 Month Change | -1.07% |
| 3 Month Change | -0.75% |
| 1 Year Change | 0.08% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -5.98% |
Recent News & Updates
Recent updates
Shareholder Returns
| FRME.P | US Banks | US Market | |
|---|---|---|---|
| 7D | -2.0% | 0.9% | 2.0% |
| 1Y | 0.08% | 30.6% | 22.3% |
Return vs Industry: FRME.P underperformed the US Banks industry which returned 30.6% over the past year.
Return vs Market: FRME.P underperformed the US Market which returned 22.3% over the past year.
Price Volatility
| FRME.P volatility | |
|---|---|
| FRME.P Average Weekly Movement | 2.7% |
| Banks Industry Average Movement | 4.5% |
| Market Average Movement | 6.0% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: FRME.P has not had significant price volatility in the past 3 months.
Volatility Over Time: FRME.P's weekly volatility (3%) 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
| FRME.P fundamental statistics | |
|---|---|
| Market cap | US$2.00b |
| Earnings (TTM) | US$205.77m |
| Revenue (TTM) | US$630.09m |
9.6x
P/E Ratio0.9x
P/B RatioIs FRME.P overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FRME.P income statement (TTM) | |
|---|---|
| Revenue | US$630.09m |
| Cost of Revenue | US$0 |
| Gross Profit | US$630.09m |
| Other Expenses | US$424.31m |
| Earnings | US$205.77m |
Last Reported Earnings
Mar 31, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.51 |
| Gross Margin | 100.00% |
| Net Profit Margin | 32.66% |
| Debt/Equity Ratio | 38.7% |
How did FRME.P perform over the long term?
See historical performance and comparisonDividends
4.0%
Current Dividend Yield39%
Payout RatioDoes FRME.P pay a reliable dividends?
See FRME.P dividend history and benchmarks| First Merchants dividend dates | |
|---|---|
| Ex Dividend Date | Apr 29 2024 |
| Dividend Pay Date | May 15 2024 |
| Days until Ex dividend | 1 day |
| Days until Dividend pay date | 15 days |
Does FRME.P pay a reliable dividends?
See FRME.P dividend history and benchmarks