| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
FRME Stock Overview
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services.
Rewards
Risk Analysis
First Merchants Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$41.75 |
| 52 Week High | US$46.12 |
| 52 Week Low | US$34.07 |
| Beta | 1.15 |
| 1 Month Change | 15.49% |
| 3 Month Change | 6.32% |
| 1 Year Change | -3.89% |
| 3 Year Change | 15.97% |
| 5 Year Change | 6.21% |
| Change since IPO | 579.65% |
Recent News & Updates
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.
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
| FRME | US Banks | US Market | |
|---|---|---|---|
| 7D | 2.0% | 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
| FRME volatility | |
|---|---|
| FRME Average Weekly Movement | 3.4% |
| Banks Industry Average Movement | 3.7% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.2% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1893 | 1,821 | Mark Hardwick | https://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
| FRME fundamental statistics | |
|---|---|
| Market Cap | US$2.48b |
| Earnings (TTM) | US$187.61m |
| Revenue (TTM) | US$528.70m |
13.2x
P/E Ratio1.3x
P/B RatioIs FRME overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FRME income statement (TTM) | |
|---|---|
| Revenue | US$528.70m |
| Cost of Revenue | US$0 |
| Gross Profit | US$528.70m |
| Other Expenses | US$341.09m |
| Earnings | US$187.61m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.16 |
| Gross Margin | 100.00% |
| Net Profit Margin | 35.49% |
| Debt/Equity Ratio | 52.4% |
How did FRME perform over the long term?
See historical performance and comparison