FRME

First Merchants Corporation [FRME] Stock Forecast

Q: 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

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FRME Stock Summary

Earnings have grown 20.8% per last year.

Earnings are expected to rise 12.1% next year

EPS has been increasing for the past 3 years (Yearly statements)

FRME's dividend payments are well covered by cash flows with cash payout ratio of 31.81%.

An RSI reading of 70 or higher indicates an overbought or overvalued condition.

EPS has been decreasing for the past 3 quarters (Quarter statements)

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In the News

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

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

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

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	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	8.43	8.63	9.1	9.67	11.71
Net income per share	3.23	3.2	2.75	3.82	4.14
Operating cash flow per share	3.66	3.47	3.79	3.86	5
Free cash flow per share	3.66	-2.61	3.79	2.66	5
Cash per share	26.76	40.58	46.33	55.52	41.49
Book value per share	28.58	34.76	34.7	35.56	37.94
Tangible book value per share	19.05	23.5	24.1	24.95	24
Share holders equity per share	28.58	34.76	34.7	35.56	37.94
Interest debt per share	10.61	11.65	10.62	9.09	19.76
Market cap	1.69B	2.14B	2.02B	2.25B	2.2B
Enterprise value	1.97B	2.33B	1.94B	2.06B	2.93B
P/E ratio	10.61	13	13.61	10.96	9.93
Price to sales ratio	4.07	4.82	4.11	4.33	3.51
POCF ratio	9.37	11.98	9.87	10.86	8.23
PFCF ratio	9.37	-15.95	9.87	15.74	8.23
P/B Ratio	1.2	1.2	1.08	1.18	1.08
PTB ratio	1.2	1.2	1.08	1.18	1.08
EV to sales	4.73	5.26	3.95	3.97	4.67
Enterprise value over EBITDA	7.39	11.67	11.05	8.37	8.4
EV to operating cash flow	10.91	13.07	9.5	9.95	10.94
EV to free cash flow	10.91	-17.4	9.5	14.42	10.94
Earnings yield	0.09	0.08	0.07	0.09	0.1
Free cash flow yield	0.11	-0.06	0.1	0.06	0.12
Debt to equity	0.32	0.27	0.27	0.24	0.48
Debt to assets	0.05	0.04	0.04	0.03	0.05
Net debt to EBITDA	1.04	0.97	-0.44	-0.77	2.08
Current ratio	1.37K	316.02	778.3	1.1K	44.32
Interest coverage	3.72	1.78	2.56	6.7	4.01
Income quality	1.13	1.08	1.38	1.01	1.21
Dividend Yield	0.02	0.02	0.03	0.03	0.03
Payout ratio	0.26	0.31	0.38	0.3	0.33
Sales general and administrative to revenue	0.32	0.33	0.33	0.33	0.35
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0.05	0.05	0.04	0.04	0.04
Capex to operating cash flow	0	-1.75	0	-0.31	0
Capex to revenue	0	-0.7	0	-0.12	0
Capex to depreciation	0	-33.3	0	-6.01	0
Stock based compensation to revenue	0.01	0.01	0.01	0.01	0.01
Graham number	45.58	50.03	46.32	55.3	59.45
ROIC	0.12	0.07	0.06	0.09	0.1
Return on tangible assets	0.02	0.01	0.01	0.01	0.01
Graham Net	-144.64	-166.34	-178.45	-195.45	-253.85
Working capital	7.68B	2.13B	2.55B	3.04B	326.2M
Tangible asset value	938.48M	1.21B	1.3B	1.34B	1.29B
Net current asset value	-787.53M	-8.54B	-9.63B	-10.5B	-15.57B
Invested capital	0.32	0.27	0.27	0.24	0.48
Average receivables	41.07M	45.69M	51.42M	55.57M	71.13M
Average payables	5M	6.18M	5.02M	3.02M	5.15M
Average inventory	0	0	0	0	0
Days sales outstanding	37.33	40.26	40.02	40.14	49.43
Days payables outstanding	0	0	0	0	0
Days of inventory on hand	0	0	0	0	0
Receivables turnover	9.78	9.07	9.12	9.09	7.38
Payables turnover	0	0	0	0	0
Inventory turnover	0	0	0	0	0
ROE	0.11	0.09	0.08	0.11	0.11
Capex per share	0	-6.08	0	-1.19	0

Quarterly Fundamentals Overview

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

Metric	2022-09-30	2022-12-31	2023-03-31	2023-06-30	2023-09-30
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	0.11	2.96	2.84	2.77	2.74
Net income per share	1.08	1.21	1.08	1.03	0.96
Operating cash flow per share	0.84	2.11	1.31	0.61	0
Free cash flow per share	0.84	2.11	1.31	0.61	0
Cash per share	38.63	37.99	38.23	33.44	33.55
Book value per share	32.26	34.74	35.7	36.24	35.56
Tangible book value per share	19.56	21.97	23.16	23.68	22.97
Share holders equity per share	32.26	34.74	35.7	36.24	35.56
Interest debt per share	13.84	17.36	17.45	16.19	16.45
Market cap	2.29B	2.41B	1.96B	1.67B	1.64B
Enterprise value	2.78B	3.13B	2.46B	2.22B	2.04B
P/E ratio	8.96	8.51	7.64	6.87	7.26
Price to sales ratio	347.13	13.91	11.58	10.18	10.15
POCF ratio	46.07	19.52	25.16	46.59	0
PFCF ratio	46.07	19.52	25.16	46.59	0
P/B Ratio	1.2	1.18	0.92	0.78	0.78
PTB ratio	1.2	1.18	0.92	0.78	0.78
EV to sales	422.45	18.11	14.52	13.51	12.62
Enterprise value over EBITDA	27.21	24.54	17.55	30.07	30.13
EV to operating cash flow	56.06	25.41	31.53	61.82	0
EV to free cash flow	56.06	25.41	31.53	61.82	0
Earnings yield	0.03	0.03	0.03	0.04	0.03
Free cash flow yield	0.02	0.05	0.04	0.02	0
Debt to equity	0.42	0.48	0.46	0.41	0.42
Debt to assets	0.04	0.05	0.05	0.05	0.05
Net debt to EBITDA	4.85	5.69	3.55	7.41	5.9
Current ratio	437.56	44.32	47.08	30.76	34.23
Interest coverage	4.34	2.98	2.21	0.86	0.68
Income quality	0.78	1.74	1.22	0.59	0
Dividend Yield	0.01	0.01	0.01	0.01	0
Payout ratio	0.31	0.28	0.31	0.34	0
Sales general and administrative to revenue	8.93	0.32	0.35	0.35	0.36
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0.04	0.04	0.04	0.04	0.04
Capex to operating cash flow	0	0	0	0	0
Capex to revenue	0	0	0	0	0
Capex to depreciation	0	0	0	0	0
Stock based compensation to revenue	0.18	0.01	0.01	0.01	0
Graham number	27.98	30.73	29.43	28.95	27.69
ROIC	0.03	0.04	0.04	0.02	0.02
Return on tangible assets	0	0	0	0	0
Graham Net	-228.02	-232.42	-230.78	-232.66	-235.6
Working capital	2.17B	326.2M	552.05M	404.64M	547.35M
Tangible asset value	1.16B	1.29B	1.38B	1.4B	1.35B
Net current asset value	-13.64B	-15.57B	-15.49B	-15.4B	-15.34B
Invested capital	0.42	0.48	0.46	0.41	0.42
Average receivables	70.17M	78.34M	85.29M	87.65M	89.9M
Average payables	3.97M	6.25M	9.75M	12.79M	15.03M
Average inventory	0	0	0	0	0
Days sales outstanding	978.66	44.23	45.51	49.23	50.25
Days payables outstanding	0	0	0	0	0
Days of inventory on hand	0	0	0	0	0
Receivables turnover	0.09	2.03	1.98	1.83	1.79
Payables turnover	0	0	0	0	0
Inventory turnover	0	0	0	0	0
ROE	0.03	0.03	0.03	0.03	0.03
Capex per share	0	0	0	0	0

FRME Dividend History

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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Company Profile

Volume Average 189.53K
Market Capitalization 2.05B
Employee 2.12K
CEO Mr. Mark K. Hardwick
Headquarters Muncie,IN,US
IPO Date 1989-06-20
Website 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. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.