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FRME

First Merchants NasdaqGS:FRME Stock Report

Last Price

US$41.75

Market Cap

US$2.5b

7D

2.0%

1Y

-3.9%

Updated

10 Aug, 2022

Data

Company Financials +
FRME fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health6/6
Dividends4/6

FRME Stock Overview

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services.

First Merchants Corporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for First Merchants
Historical stock prices
Current Share PriceUS$41.75
52 Week HighUS$46.12
52 Week LowUS$34.07
Beta1.15
1 Month Change15.49%
3 Month Change6.32%
1 Year Change-3.89%
3 Year Change15.97%
5 Year Change6.21%
Change since IPO579.65%

Recent News & Updates

Aug 10

First Merchants declares $0.32 dividend

First Merchants (NASDAQ:FRME) declares $0.32/share quarterly dividend, in line with previous. Forward yield 3.05% Payable Sept. 16; for shareholders of record Sept. 2; ex-div Sept. 1. See FRME Dividend Scorecard, Yield Chart, & Dividend Growth.

Jul 26

First Merchants Non-GAAP EPS of $1.01 beats by $0.13, revenue of $156.94M beats by $1.6M

First Merchants press release (NASDAQ:FRME): Q2 Non-GAAP EPS of $1.01 beats by $0.13. Revenue of $156.94M (+16.1% Y/Y) beats by $1.6M.

Shareholder Returns

FRMEUS BanksUS Market
7D2.0%3.0%1.2%
1Y-3.9%-14.5%-11.6%

Return vs Industry: FRME exceeded the US Banks industry which returned -15.3% over the past year.

Return vs Market: FRME exceeded the US Market which returned -13.5% over the past year.

Price Volatility

Is FRME's price volatile compared to industry and market?
FRME volatility
FRME Average Weekly Movement3.4%
Banks Industry Average Movement3.7%
Market Average Movement7.9%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: FRME is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: FRME's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18931,821Mark Hardwickhttps://www.firstmerchants.com

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers 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 fundamental statistics
Market CapUS$2.48b
Earnings (TTM)US$187.61m
Revenue (TTM)US$528.70m

13.2x

P/E Ratio

1.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FRME income statement (TTM)
RevenueUS$528.70m
Cost of RevenueUS$0
Gross ProfitUS$528.70m
Other ExpensesUS$341.09m
EarningsUS$187.61m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.16
Gross Margin100.00%
Net Profit Margin35.49%
Debt/Equity Ratio52.4%

How did FRME perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

35%

Payout Ratio