FRME

First Merchants Corporation [FRME] Stock Forecast

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06:04 11 Dec 2023 FRME

First Merchants Corporation (FRME) Q3 2023 Earnings Call Transcript

First Merchants Corporation (NASDAQ:FRME ) Q3 2023 Earnings Conference Call October 26, 2023 11:30 AM ET Company Participants Mark Hardwick - Chief Executive Officer Mike Stewart - President Michele Kawiecki - Chief Financial Officer John Martin - Chief Credit Officer Conference Call Participants Terry McEvoy - Stevens Damon DelMonte - KBW Nathan Race - Piper Sandler Brian Martin - Janney Operator Thank you for standing by. Welcome to the First Merchants Corporation Third Quarter 2023 Earnings Conference Call.

10:33 11 Dec 2023 FRME

First Merchants (FRME) Q3 Earnings and Revenues Miss Estimates

First Merchants (FRME) came out with quarterly earnings of $0.94 per share, missing the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.12 per share a year ago.

10:00 11 Dec 2023 FRME

First Merchants Corporation to Report Third Quarter 2023 Financial Results, Host Conference Call and Webcast

MUNCIE, Ind., Oct. 05, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report third quarter 2023 financial results on October 26, 2023. The Corporation will host a third quarter 2023 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, October 26, 2023.

02:16 11 Dec 2023 FRME

Regional banks facing credit losses for commercial real estate: Moody's study

A survey of commercial real estate exposure by U.S. regional banks reveals increasing asset risk and potential credit losses as loans mature over the next 18 months, Moody's Investors Service said.

12:26 11 Dec 2023 FRME

First Merchants: Robust Results Make The 7.7% Yielding Preferred Shares Attractive

First Merchants' financial performance in the second quarter showed improvement in net interest income and decreased non-interest expenses. The bank's ability to cover preferred dividends is strong, with less than 1% of net profit needed to cover the payments. The preferred shares have a small issue size and low dividend requirements, making a call in 2025 more likely.

05:14 11 Dec 2023 FRME

First Merchants Corporation (FRME) Q2 2023 Earnings Call Transcript

First Merchants Corporation (NASDAQ:FRME ) Q2 2023 Earnings Conference Call July 25, 2023 11:30 AM ET Company Participants Mark Hardwick - Chief Executive Officer Mike Stewart - President Michele Kawiecki - Chief Financial Officer John Martin - Chief Credit Officer Conference Call Participants Ben Gerlinger - Hovde Group Nathan Race - Piper Sandler Daniel Tamayo - Raymond James Terry McEvoy - Stephens Inc Brian Martin - Janney Damon DelMonte - KBW Operator Good day, and thank you for standing by. Welcome to the First Merchants Corporation Second Quarter 2023 Earnings.

11:39 11 Dec 2023 FRME

Compared to Estimates, First Merchants (FRME) Q2 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for First Merchants (FRME) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

10:53 11 Dec 2023 FRME

First Merchants (FRME) Lags Q2 Earnings and Revenue Estimates

First Merchants (FRME) came out with quarterly earnings of $1.02 per share, missing the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.01 per share a year ago.

05:09 11 Dec 2023 FRME

First Merchants Corporation: A Stable Bank In An Unstable Market

First Merchants Corporation's valuation has become highly attractive since the sell-off in regional banks started after SVB's collapse. The bank has solid fundamentals supported by its strong franchise, growing loan book, increasing loan yields, and stable risk profile.

12:11 11 Dec 2023 FRME

First Merchants (FRME) Reports Q1 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for First Merchants (FRME) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

FRME Financial details

Company Rating
Strong Buy
Market Cap
2.05B
Income
252.07M
Revenue
667.6M
Book val./share
35.56
Cash/share
33.55
Dividend
1.34
Dividend %
3.91%
Employees
2.12K
Optionable
No
Shortable
Yes
Earnings
24 Jan 2024
P/E
7.99
Forward P/E
9.97
PEG
7.27
P/S
3.07
P/B
0.96
P/C
1.02
P/FCF
7.15
Quick Ratio
125.29
Current Ratio
34.23
Debt / Equity
0.42
LT Debt / Equity
0.42
-
-
EPS (TTM)
4.24
EPS next Y
3.45
EPS next Q
0.87
EPS this Y
8.38%
EPS next Y
-18.63%
EPS next 5Y
-13.5%
EPS last 5Y
5.09%
Revenue last 5Y
8.63%
Revenue Q/Q
-1.78%
EPS Q/Q
-6.86%
-
-
-
-
SMA20
13.79%
SMA50
17.86%
SMA100
6.45%
Inst Own
51.34%
Inst Trans
0.72%
ROA
1%
ROE
12%
ROC
0.02%
Gross Margin
100%
Oper. Margin
60%
Profit Margin
38%
Payout
31%
Shs Outstand
59.85M
Shs Float
58.97M
-
-
-
-
Target Price
-
52W Range
24.52-43.97
52W High
-20.05%
52W Low
+43.25%
RSI
75
Rel Volume
0.78
Avg Volume
189.53K
Volume
147.72K
Perf Week
5.46%
Perf Month
25.75%
Perf Quarter
24.3%
Perf Half Y
18.76%
-
-
-
-
Beta
1.12
-
-
Volatility
0.71%, 1.97%
Prev Close
0.41%
Price
34.38
Change
0.61%

FRME Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2022-12-31

Metric History 2018-12-312019-12-312020-12-312021-12-31 2022-12-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
8.438.639.19.6711.71
Net income per share
3.233.22.753.824.14
Operating cash flow per share
3.663.473.793.865
Free cash flow per share
3.66-2.613.792.665
Cash per share
26.7640.5846.3355.5241.49
Book value per share
28.5834.7634.735.5637.94
Tangible book value per share
19.0523.524.124.9524
Share holders equity per share
28.5834.7634.735.5637.94
Interest debt per share
10.6111.6510.629.0919.76
Market cap
1.69B2.14B2.02B2.25B2.2B
Enterprise value
1.97B2.33B1.94B2.06B2.93B
P/E ratio
10.611313.6110.969.93
Price to sales ratio
4.074.824.114.333.51
POCF ratio
9.3711.989.8710.868.23
PFCF ratio
9.37-15.959.8715.748.23
P/B Ratio
1.21.21.081.181.08
PTB ratio
1.21.21.081.181.08
EV to sales
4.735.263.953.974.67
Enterprise value over EBITDA
7.3911.6711.058.378.4
EV to operating cash flow
10.9113.079.59.9510.94
EV to free cash flow
10.91-17.49.514.4210.94
Earnings yield
0.090.080.070.090.1
Free cash flow yield
0.11-0.060.10.060.12
Debt to equity
0.320.270.270.240.48
Debt to assets
0.050.040.040.030.05
Net debt to EBITDA
1.040.97-0.44-0.772.08
Current ratio
1.37K316.02778.31.1K44.32
Interest coverage
3.721.782.566.74.01
Income quality
1.131.081.381.011.21
Dividend Yield
0.020.020.030.030.03
Payout ratio
0.260.310.380.30.33
Sales general and administrative to revenue
0.320.330.330.330.35
Research and developement to revenue
00000
Intangibles to total assets
0.050.050.040.040.04
Capex to operating cash flow
0-1.750-0.310
Capex to revenue
0-0.70-0.120
Capex to depreciation
0-33.30-6.010
Stock based compensation to revenue
0.010.010.010.010.01
Graham number
45.5850.0346.3255.359.45
ROIC
0.120.070.060.090.1
Return on tangible assets
0.020.010.010.010.01
Graham Net
-144.64-166.34-178.45-195.45-253.85
Working capital
7.68B2.13B2.55B3.04B326.2M
Tangible asset value
938.48M1.21B1.3B1.34B1.29B
Net current asset value
-787.53M-8.54B-9.63B-10.5B-15.57B
Invested capital
0.320.270.270.240.48
Average receivables
41.07M45.69M51.42M55.57M71.13M
Average payables
5M6.18M5.02M3.02M5.15M
Average inventory
00000
Days sales outstanding
37.3340.2640.0240.1449.43
Days payables outstanding
00000
Days of inventory on hand
00000
Receivables turnover
9.789.079.129.097.38
Payables turnover
00000
Inventory turnover
00000
ROE
0.110.090.080.110.11
Capex per share
0-6.080-1.190

Quarterly Fundamentals Overview

Last date of statement is 2023-09-30 for Q3

Metric History 2022-09-302022-12-312023-03-312023-06-30 2023-09-30
2.02K2.02K2.02K2.02K2.02K
Revenue per share
0.112.962.842.772.74
Net income per share
1.081.211.081.030.96
Operating cash flow per share
0.842.111.310.610
Free cash flow per share
0.842.111.310.610
Cash per share
38.6337.9938.2333.4433.55
Book value per share
32.2634.7435.736.2435.56
Tangible book value per share
19.5621.9723.1623.6822.97
Share holders equity per share
32.2634.7435.736.2435.56
Interest debt per share
13.8417.3617.4516.1916.45
Market cap
2.29B2.41B1.96B1.67B1.64B
Enterprise value
2.78B3.13B2.46B2.22B2.04B
P/E ratio
8.968.517.646.877.26
Price to sales ratio
347.1313.9111.5810.1810.15
POCF ratio
46.0719.5225.1646.590
PFCF ratio
46.0719.5225.1646.590
P/B Ratio
1.21.180.920.780.78
PTB ratio
1.21.180.920.780.78
EV to sales
422.4518.1114.5213.5112.62
Enterprise value over EBITDA
27.2124.5417.5530.0730.13
EV to operating cash flow
56.0625.4131.5361.820
EV to free cash flow
56.0625.4131.5361.820
Earnings yield
0.030.030.030.040.03
Free cash flow yield
0.020.050.040.020
Debt to equity
0.420.480.460.410.42
Debt to assets
0.040.050.050.050.05
Net debt to EBITDA
4.855.693.557.415.9
Current ratio
437.5644.3247.0830.7634.23
Interest coverage
4.342.982.210.860.68
Income quality
0.781.741.220.590
Dividend Yield
0.010.010.010.010
Payout ratio
0.310.280.310.340
Sales general and administrative to revenue
8.930.320.350.350.36
Research and developement to revenue
00000
Intangibles to total assets
0.040.040.040.040.04
Capex to operating cash flow
00000
Capex to revenue
00000
Capex to depreciation
00000
Stock based compensation to revenue
0.180.010.010.010
Graham number
27.9830.7329.4328.9527.69
ROIC
0.030.040.040.020.02
Return on tangible assets
00000
Graham Net
-228.02-232.42-230.78-232.66-235.6
Working capital
2.17B326.2M552.05M404.64M547.35M
Tangible asset value
1.16B1.29B1.38B1.4B1.35B
Net current asset value
-13.64B-15.57B-15.49B-15.4B-15.34B
Invested capital
0.420.480.460.410.42
Average receivables
70.17M78.34M85.29M87.65M89.9M
Average payables
3.97M6.25M9.75M12.79M15.03M
Average inventory
00000
Days sales outstanding
978.6644.2345.5149.2350.25
Days payables outstanding
00000
Days of inventory on hand
00000
Receivables turnover
0.092.031.981.831.79
Payables turnover
00000
Inventory turnover
00000
ROE
0.030.030.030.030.03
Capex per share
00000

FRME Frequently Asked Questions

What is First Merchants Corporation stock symbol ?

First Merchants Corporation is a US stock , located in Muncie of In and trading under the symbol FRME

What is First Merchants Corporation stock quote today ?

First Merchants Corporation stock price is $34.38 today.

Is First Merchants Corporation stock public?

Yes, First Merchants Corporation is a publicly traded company.

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