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

FRME Stock Overview

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

FRME fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	2/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 49.4% below our estimate of its fair value

Earnings are forecast to grow 5.82% per year

Pays a reliable dividend of 3.61%

Risk Analysis

Significant insider selling over the past 3 months

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WarrenAI

Based on Analyst Price Targets

Tech Investments And Expansion Strategy Fuel Growth And Enhance Shareholder Value In Midwest Banking Sector

US$43.67

11.1% undervalued

6.50%

Revenue growth p.a.

5 days ago

First Merchants Corporation Competitors

First Financial Bancorp

NasdaqGS:FFBC

US$2.5b

Independent Bank

NasdaqGS:INDB

US$2.6b

Seacoast Banking Corporation of Florida

NasdaqGS:SBCF

US$2.4b

First Bancorp

NasdaqGS:FBNC

US$1.8b

Price History & Performance

Summary of all time highs, changes and price drops for First Merchants
Historical stock prices
Current Share Price	US$38.83
52 Week High	US$42.45
52 Week Low	US$25.70
Beta	1.03
11 Month Change	4.10%
3 Month Change	-1.35%
1 Year Change	45.38%
33 Year Change	-9.84%
5 Year Change	-0.97%
Change since IPO	545.57%

First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year

Sep 18

First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35

Aug 22

Recent updates

First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year

Sep 18

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

May 31

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

May 14

If EPS Growth Is Important To You, First Merchants (NASDAQ:FRME) Presents An Opportunity

May 03

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

Shareholder Returns

	FRME	US Banks	US Market
7D	4.4%	1.7%	0.3%
1Y	45.4%	58.6%	38.3%

Return vs Industry: FRME underperformed the US Banks industry which returned 56.9% over the past year.

Return vs Market: FRME exceeded the US Market which returned 38.4% over the past year.

Price Volatility

Is FRME's price volatile compared to industry and market?
FRME volatility
FRME Average Weekly Movement	4.3%
Banks Industry Average Movement	4.4%
Market Average Movement	6.2%
10% most volatile stocks in US Market	14.8%
10% least volatile stocks in US Market	3.0%

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 (4%) 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

How do First Merchants's earnings and revenue compare to its market cap?
FRME fundamental statistics
Market cap	US$2.27b
Earnings (TTM)	US$184.84m
Revenue (TTM)	US$601.34m

12.3x

P/E Ratio

1.0x

P/B Ratio

Is FRME overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FRME income statement (TTM)
Revenue	US$601.34m
Cost of Revenue	US$0
Gross Profit	US$601.34m
Other Expenses	US$416.50m
Earnings	US$184.84m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Oct 24, 2024

Earnings per share (EPS)	3.16
Gross Margin	100.00%
Net Profit Margin	30.74%
Debt/Equity Ratio	57.0%

How did FRME perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

44%

Payout Ratio

FRME Stock Overview

Rewards

Risk Analysis

Tech Investments And Expansion Strategy Fuel Growth And Enhance Shareholder Value In Midwest Banking Sector

First Merchants Corporation Competitors

NasdaqGS:FFBC

US$2.5b

NasdaqGS:INDB

US$2.6b

NasdaqGS:SBCF

US$2.4b

NasdaqGS:FBNC

US$1.8b

Price History & Performance

Recent News & Updates

First Merchants Corporation to Report Q3, 2024 Results on Oct 24, 2024

First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year

First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35

Second quarter dividend of US$0.35 announced

First Merchants Corporation Declares Cash Dividend, Payable on September 20, 2024

Recent updates

First Merchants Corporation to Report Q3, 2024 Results on Oct 24, 2024

First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year

First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35

Second quarter dividend of US$0.35 announced

First Merchants Corporation Declares Cash Dividend, Payable on September 20, 2024

CEO & Director notifies of intention to sell stock

Price target increased by 11% to US$45.80

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment improves as stock rises 17%

First Merchants Corporation to Report Q2, 2024 Results on Jul 25, 2024

First Merchants Corporation: An Attractive Way To Play The Banking Sector

Director notifies of intention to sell stock

Upcoming dividend of US$0.35 per share

First quarter dividend increased to US$0.35

First Merchants Corporation and First Merchants Bank Announce Board and Committee Changes

First Merchants Corporation and First Merchants Bank Announce Board Changes

First quarter 2024 earnings released: EPS: US$0.80 (vs US$1.07 in 1Q 2023)

First Merchants Corporation to Report Q1, 2024 Results on Apr 25, 2024

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.34 per share

Independent Director recently sold US$328k worth of stock

Fourth quarter dividend of US$0.34 announced

First Merchants Corporation Declares Cash Dividend, Payable on March 15, 2024

Price target increased by 7.6% to US$41.00

Full year 2023 earnings: EPS misses analyst expectations

First Merchants Corporation to Report Q4, 2023 Results on Jan 25, 2024

Price target increased by 9.5% to US$38.10

Advisor & Director recently sold US$371k worth of stock

Advisor & Director notifies of intention to sell stock

Upcoming dividend of US$0.34 per share at 4.4% yield

First Merchants Corporation Declares Cash Dividend, Payable on December 15, 2023

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

First Merchants Corporation to Report Q3, 2023 Results on Oct 26, 2023

Here's Why We Think First Merchants (NASDAQ:FRME) Is Well Worth Watching

Upcoming dividend of US$0.34 per share at 4.6% yield

First Merchants Corporation Declares Cash Dividend, Payable on September 15, 2023

Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint

First Merchants Corporation to Report Q2, 2023 Results on Jul 25, 2023

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

Upcoming dividend of US$0.34 per share at 4.9% yield

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

First Merchants Corporation Declares Cash Dividend, Payable on June 16, 2023

If EPS Growth Is Important To You, First Merchants (NASDAQ:FRME) Presents An Opportunity

Price target decreased by 12% to US$37.50

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 8.2% to US$45.00

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