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First Merchants NasdaqGS:FRME.P Stock Report

Last Price

US$25.61

Market Cap

US$2.4b

7D

0.4%

1Y

5.6%

Updated

23 Dec, 2024

Data

Company Financials +

First Merchants Corporation

NasdaqGS:FRME.P Stock Report

Market Cap: US$2.4b

FRME.P Stock Overview

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

FRME.P fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends5/6

Rewards

Risk Analysis

No risks detected for FRME.P from our risk checks.

My Notes

Capture your thoughts, links and company narrative

First Merchants Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for First Merchants
Historical stock prices
Current Share PriceUS$25.61
52 Week HighUS$26.43
52 Week LowUS$23.38
Beta1.06
1 Month Change0.31%
3 Month Change0.35%
1 Year Change5.60%
3 Year Changen/a
5 Year Changen/a
Change since IPO-3.69%

Recent News & Updates

Recent updates

Shareholder Returns

FRME.PUS BanksUS Market
7D0.4%-3.5%-2.7%
1Y5.6%29.1%23.4%

Return vs Industry: FRME.P underperformed the US Banks industry which returned 29.1% over the past year.

Return vs Market: FRME.P underperformed the US Market which returned 23.4% over the past year.

Price Volatility

Is FRME.P's price volatile compared to industry and market?
FRME.P volatility
FRME.P Average Weekly Movement1.4%
Banks Industry Average Movement5.2%
Market Average Movement6.3%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: FRME.P has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FRME.P's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18932,162Mark Hardwickwww.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?
FRME.P fundamental statistics
Market capUS$2.40b
Earnings (TTM)US$177.66m
Revenue (TTM)US$593.09m

13.5x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FRME.P income statement (TTM)
RevenueUS$593.09m
Cost of RevenueUS$0
Gross ProfitUS$593.09m
Other ExpensesUS$415.43m
EarningsUS$177.66m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.03
Gross Margin100.00%
Net Profit Margin29.95%
Debt/Equity Ratio49.6%

How did FRME.P perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

46%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 05:52
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Merchants Corporation is covered by 13 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kevin ReeveyD.A. Davidson & Co.
Benjamin GerlingerHovde Group, LLC
Brendan NosalHovde Group, LLC