First Merchants (Nasdaq:FRME) - Stock Price, News & Analysis

FRME Stock Overview

About the company

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. The company operates banking locations in Indiana, Illinois, Ohio, and Michigan counties. It also offers its services through electronic and mobile delivery channels. The company was founded in 1893 and is headquartered in Muncie, Indiana.

Rewards

Risk analysis

Shareholders have been diluted in the past year

Snowflake Analysis

FRME fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	2/6
Past Performance	3/6
Financial Health	6/6
Dividends	5/6

My Notes

Capture your thoughts, links and company narrative

First Merchants Corporation Competitors

Seacoast Banking Corporation of Florida

NasdaqGS:SBCF

US$2.2b

Eastern Bankshares

NasdaqGS:EBC

US$2.1b

TowneBank

NasdaqGS:TOWN

US$2.0b

Park National

NYSEAM:PRK

US$2.1b

Price History & Performance

Summary of all time highs, changes and price drops for First Merchants
Historical stock prices
Current Share Price	US$36.20
52 Week High	US$45.04
52 Week Low	US$33.07
Beta	1.1
1 Month Change	-14.40%
3 Month Change	-9.86%
1 Year Change	-13.60%
3 Year Change	55.50%
5 Year Change	-13.67%
Change since IPO	489.30%

Recent updates

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

What Type Of Shareholders Make Up First Merchants Corporation's (NASDAQ:FRME) Share Registry?

Nov 25

First Merchants declares $0.26 dividend

Nov 06

First Merchants EPS beats by $0.04, misses on revenue

Oct 28

Shareholder Returns

	FRME	US Banks	US Market
7D	1.8%	1.9%	2.9%
1Y	-13.6%	-25.8%	-11.6%

Return vs Industry: FRME exceeded the US Banks industry which returned -25.8% over the past year.

Return vs Market: FRME underperformed the US Market which returned -11.6% over the past year.

Price Volatility

Is FRME's price volatile compared to industry and market?
FRME volatility
FRME Average Weekly Movement	5.4%
Banks Industry Average Movement	4.7%
Market Average Movement	6.5%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	2.9%

Stable Share Price: FRME is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

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

First Merchants Corporation Fundamentals Summary

How do First Merchants's earnings and revenue compare to its market cap?
FRME fundamental statistics
Market Cap	US$2.16b
Earnings (TTM)	US$220.68m
Revenue (TTM)	US$611.39m

9.8x

P/E Ratio

1.1x

P/B Ratio

Is FRME overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FRME income statement (TTM)
Revenue	US$611.39m
Cost of Revenue	US$0
Gross Profit	US$611.39m
Other Expenses	US$390.71m
Earnings	US$220.68m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	3.70
Gross Margin	100.00%
Net Profit Margin	36.10%
Debt/Equity Ratio	69.1%

How did FRME perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

33%

Payout Ratio

FRME Stock Overview

First Merchants Corporation Competitors

NasdaqGS:SBCF

US$2.2b

NasdaqGS:EBC

US$2.1b

NasdaqGS:TOWN

US$2.0b

NYSEAM:PRK

US$2.1b

Price History & Performance

Recent News & Updates

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

Recent updates

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

Consensus EPS estimates increase to US$3.57

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

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

Price target increased to US$49.17

Independent Director exercised options and sold US$113k worth of stock

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

Independent Director recently sold US$450k worth of stock

Independent Director recently sold US$196k worth of stock

Full year 2020 earnings released: EPS US$2.75 (vs US$3.20 in FY 2019)