FRME

First Merchants Corporation [FRME] Stock Forecast

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In the News

11:31 29 Mar 2024 FRME

First Merchants (FRME) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

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

01:50 29 Mar 2024 FRME

Unveiling First Merchants (FRME) Q4 Outlook: Wall Street Estimates for Key Metrics

Besides Wall Street's top -and-bottom-line estimates for First Merchants (FRME), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

10:00 29 Mar 2024 FRME

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

MUNCIE, Ind., Jan. 04, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report fourth quarter 2023 financial results on January 25, 2024. The Corporation will host a fourth quarter 2023 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, January 25, 2024.

09:01 29 Mar 2024 FRME

First Merchants (FRME) Moves 7.1% Higher: Will This Strength Last?

First Merchants (FRME) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

06:04 29 Mar 2024 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 29 Mar 2024 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 29 Mar 2024 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 29 Mar 2024 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 29 Mar 2024 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 29 Mar 2024 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.

FRME Financial details

Company Rating
Strong Buy
Market Cap
1.99B
Income
223.79M
Revenue
756.34M
Book val./share
37.99
Cash/share
36.77
Dividend
1.34
Dividend %
3.76%
Employees
2.16K
Optionable
No
Shortable
Yes
Earnings
23 Apr 2024
P/E
8.32
Forward P/E
9.91
PEG
-8.83
P/S
3.2
P/B
1
P/C
0.95
P/FCF
7.21
Quick Ratio
125.29
Current Ratio
34.23
Debt / Equity
0.46
LT Debt / Equity
0.36
-
-
EPS (TTM)
3.75
EPS next Y
3.52
EPS next Q
0.83
EPS this Y
-9.66%
EPS next Y
-6.19%
EPS next 5Y
-6.19%
EPS last 5Y
3.17%
Revenue last 5Y
17.58%
Revenue Q/Q
62.41%
EPS Q/Q
-25.26%
-
-
-
-
SMA20
0.51%
SMA50
-4.17%
SMA100
23.16%
Inst Own
62.42%
Inst Trans
0.88%
ROA
1%
ROE
12%
ROC
0.02%
Gross Margin
100%
Oper. Margin
60%
Profit Margin
38%
Payout
32%
Shs Outstand
59.28M
Shs Float
58.44M
-
-
-
-
Target Price
-
52W Range
24.52-38.16
52W High
-8.21%
52W Low
+45.33%
RSI
58.09
Rel Volume
0.43
Avg Volume
274K
Volume
116.54K
Perf Week
5.95%
Perf Month
3.69%
Perf Quarter
24.22%
Perf Half Y
25.97%
-
-
-
-
Beta
1.086
-
-
Volatility
0.58%, 0.69%
Prev Close
0.4%
Price
34.88
Change
3.96%

FRME Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2023-12-31

Metric History 2019-12-312020-12-312021-12-312022-12-31 2023-12-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
8.639.19.6711.7116.8
Net income per share
3.22.753.824.143.77
Operating cash flow per share
3.473.793.8654.39
Free cash flow per share
-2.613.792.6654.39
Cash per share
40.5846.3355.5241.4736.69
Book value per share
34.7634.735.5637.9237.9
Tangible book value per share
23.524.124.9523.9825.44
Share holders equity per share
34.7634.735.5637.9237.9
Interest debt per share
17.2414.9816.0334.7218.07
Market cap
2.14B2.02B2.25B2.21B2.2B
Enterprise value
2.33B1.94B2.06B2.93B2.7B
P/E ratio
1313.6110.969.939.83
Price to sales ratio
4.824.114.333.512.21
POCF ratio
11.989.8710.868.238.45
PFCF ratio
-15.959.8715.748.238.45
P/B Ratio
1.21.081.181.080.98
PTB ratio
1.21.081.181.080.98
EV to sales
5.263.953.974.672.71
Enterprise value over EBITDA
11.6711.058.378.41308.98
EV to operating cash flow
13.079.59.9510.9410.38
EV to free cash flow
-17.49.514.4210.9410.38
Earnings yield
0.080.070.090.10.1
Free cash flow yield
-0.060.10.060.120.12
Debt to equity
0.440.40.430.870.46
Debt to assets
0.060.050.050.10.06
Net debt to EBITDA
0.97-0.44-0.772.0857.46
Current ratio
316.02778.31.1K44.320.07
Interest coverage
1.782.566.74.01-0.08
Income quality
1.081.381.011.211.16
Dividend Yield
0.020.030.030.030.04
Payout ratio
0.310.380.30.330.37
Sales general and administrative to revenue
0.330.330.330.350.24
Research and developement to revenue
00000
Intangibles to total assets
0.050.040.040.040.04
Capex to operating cash flow
-1.750-0.3100
Capex to revenue
-0.70-0.1200
Capex to depreciation
-33.30-6.0100
Stock based compensation to revenue
0.010.010.010.010.01
Graham number
50.0346.3255.359.4256.73
ROIC
0.060.060.070.080
Return on tangible assets
0.010.010.010.010.01
Graham Net
-169.88-184.49-202.28-257.92-234.41
Working capital
2.13B2.55B3.04B326.2M-9.64B
Tangible asset value
1.21B1.3B1.34B1.29B1.51B
Net current asset value
-8.54B-9.63B-10.5B-15.57B-15.41B
Invested capital
0.440.40.430.870.46
Average receivables
45.69M51.42M55.57M71.13M91.37M
Average payables
6.18M5.02M3.02M5.15M13.22M
Average inventory
-182.03M-508.24M-693.56M-593.03M-218.2M
Days sales outstanding
40.2640.0240.1449.4335.78
Days payables outstanding
00000
Days of inventory on hand
00000
Receivables turnover
9.079.129.097.3810.2
Payables turnover
00000
Inventory turnover
00000
ROE
0.090.080.110.110.1
Capex per share
-6.080-1.1900

Quarterly Fundamentals Overview

Last date of statement is 2023-12-31 for Q4

Metric History 2022-12-312023-03-312023-06-302023-09-30 2023-12-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
2.962.862.772.724.43
Net income per share
1.211.081.030.950.72
Operating cash flow per share
2.111.310.610.991.21
Free cash flow per share
2.111.310.610.991.21
Cash per share
37.9938.3833.4133.2736.77
Book value per share
34.7435.8436.235.2737.99
Tangible book value per share
21.9723.2523.6622.7725.5
Share holders equity per share
34.7435.8436.235.2737.99
Interest debt per share
31.0826.2221.0421.0117.64
Market cap
2.41B1.95B1.67B1.65B2.19B
Enterprise value
3.13B2.45B2.22B2.05B2.7B
P/E ratio
8.517.616.877.3212.91
Price to sales ratio
13.9111.5410.1910.248.38
POCF ratio
19.5225.0646.6427.9930.69
PFCF ratio
19.5225.0646.6427.9930.69
P/B Ratio
1.180.920.780.790.98
PTB ratio
1.180.920.780.790.98
EV to sales
18.1114.4713.5212.7110.3
Enterprise value over EBITDA
24.5417.530.130.331.24K
EV to operating cash flow
25.4131.4461.8734.7537.72
EV to free cash flow
25.4131.4461.8734.7537.72
Earnings yield
0.030.030.040.030.02
Free cash flow yield
0.050.040.020.040.03
Debt to equity
0.870.70.540.550.46
Debt to assets
0.10.080.060.060.06
Net debt to EBITDA
5.693.557.415.9230.24
Current ratio
44.3247.0830.7634.230.07
Interest coverage
2.982.210.860.680
Income quality
1.741.220.591.051.68
Dividend Yield
0.010.010.010.010.01
Payout ratio
0.280.310.340.370.49
Sales general and administrative to revenue
0.320.350.350.360.26
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
0.010.010.010.010.01
Graham number
30.7329.5428.9227.4624.77
ROIC
0.030.030.020.020
Return on tangible assets
00000
Graham Net
-236.27-237.39-237-239.58-234.95
Working capital
326.2M552.05M404.64M547.35M-9.64B
Tangible asset value
1.29B1.38B1.4B1.35B1.51B
Net current asset value
-15.57B-15.49B-15.4B-15.34B-15.41B
Invested capital
0.870.70.540.550.46
Average receivables
78.34M85.29M87.65M89.9M93.84M
Average payables
6.25M9.75M12.79M15.03M17.69M
Average inventory
-485.34M-563.13M-607.26M-622.74M-345.42M
Days sales outstanding
44.2345.5149.2350.2533.57
Days payables outstanding
00000
Days of inventory on hand
00000
Receivables turnover
2.031.981.831.792.68
Payables turnover
00000
Inventory turnover
00000
ROE
0.030.030.030.030.02
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 $34.88 today.

Is First Merchants Corporation stock public?

Yes, First Merchants Corporation is a publicly traded company.

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