FRME Stock Overview
Operates as the financial holding company for First Merchants Bank that provides community banking services. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
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First Merchants Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$40.89 |
| 52 Week High | US$46.13 |
| 52 Week Low | US$30.55 |
| Beta | 1.06 |
| 1 Month Change | -7.17% |
| 3 Month Change | 8.95% |
| 1 Year Change | 9.65% |
| 3 Year Change | -0.73% |
| 5 Year Change | -0.87% |
| Change since IPO | 579.82% |
Recent News & Updates
Recent updates
First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35
Nov 16
First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year
Sep 18First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35
Aug 22First Merchants Corporation: An Attractive Way To Play The Banking Sector
Jun 21Here's Why We Think First Merchants (NASDAQ:FRME) Is Well Worth Watching
Sep 24First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's
May 31First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's
May 14If EPS Growth Is Important To You, First Merchants (NASDAQ:FRME) Presents An Opportunity
May 03First Merchants declares $0.32 dividend
Aug 10First Merchants Non-GAAP EPS of $1.01 beats by $0.13, revenue of $156.94M beats by $1.6M
Jul 26First Merchants: The Level One Acquisition Will Boost Earnings Power
Jun 07First Merchants' (NASDAQ:FRME) Dividend Will Be Increased To US$0.32
May 14Here's Why I Think First Merchants (NASDAQ:FRME) Might Deserve Your Attention Today
Mar 24Shareholder Returns
| FRME | US Banks | US Market | |
|---|---|---|---|
| 7D | -5.3% | -3.4% | -2.4% |
| 1Y | 9.7% | 29.1% | 23.4% |
Return vs Industry: FRME underperformed the US Banks industry which returned 29.1% over the past year.
Return vs Market: FRME underperformed the US Market which returned 23.3% over the past year.
Price Volatility
| FRME volatility | |
|---|---|
| FRME Average Weekly Movement | 5.9% |
| Banks Industry Average Movement | 5.2% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: FRME has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: FRME's weekly volatility (6%) 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 fundamental statistics | |
|---|---|
| Market cap | US$2.40b |
| Earnings (TTM) | US$177.66m |
| Revenue (TTM) | US$593.09m |
13.5x
P/E Ratio1.1x
P/B RatioIs FRME overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FRME 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 FRME perform over the long term?
See historical performance and comparisonDividends
3.4%
Current Dividend Yield46%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 08:56 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* 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.
| Analyst | Institution |
|---|---|
| Kevin Reevey | D.A. Davidson & Co. |
| Benjamin Gerlinger | Hovde Group, LLC |
| Brendan Nosal | Hovde Group, LLC |