First Merchants Corp (FRME)

$34.46

-0.59

(-1.68%)

Market is closed - opens 7 PM, 26 Apr 2024

Insights on First Merchants Corp

  • Increasing Revenue

    Revenue is up for the last 2 quarters, 161.22M → 261.84M (in $), with an average increase of 38.4% per quarter

  • Decreasing Net Profit

    Netprofit is down for the last 5 quarters, 70.76M → 42.47M (in $), with an average decrease of 11.6% per quarter

  • Vs NU

    In the last 1 year, Nu Holdings Ltd. has given 120.0% return, outperforming this stock by 96.3%

Performance

  • $34.00
    $34.82
    $34.46
    downward going graph

    1.33%

    Downside

    Day's Volatility :2.35%

    Upside

    1.03%

    downward going graph
  • $22.38
    $37.38
    $34.46
    downward going graph

    35.06%

    Downside

    52 Weeks Volatility :40.13%

    Upside

    7.81%

    downward going graph

Returns

PeriodFirst Merchants CorpSector (Financials)Index (Russel 2000)
3 Months
-1.18%
5.8%
0.0%
6 Months
26.6%
27.6%
0.0%
1 Year
23.69%
26.7%
2.2%
3 Years
-26.95%
15.1%
-23.0%

Highlights

Market Capitalization
2.1B
Book Value
$37.4
Dividend Share
1.34
Dividend Yield
3.88%
Earnings Per Share (EPS)
3.73
PE Ratio
9.4
PEG Ratio
2.68
Wall Street Target Price
41.2
Profit Margin
34.56%
Operating Margin TTM
37.67%
Return On Assets TTM
1.23%
Return On Equity TTM
10.45%
Revenue TTM
647.5M
Revenue Per Share TTM
10.92
Quarterly Revenue Growth YOY
-10.5%
Gross Profit TTM
611.4M
Diluted Eps TTM
3.73
Quarterly Earnings Growth YOY
-0.41
EPS Estimate Current Year
3.37
EPS Estimate Next Year
3.5
EPS Estimate Current Quarter
0.87
EPS Estimate Next Quarter
0.83

Analyst Recommendation

Buy
    91%Buy
    8%Hold
    0
    0%Sell
Based on 12 Wall street analysts offering stock ratings for First Merchants Corp(by analysts ranked 0 to 5 stars)
Based on 12 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
11
11
11
Hold
1
1
1
Sell
00
00
00

Analyst Forecast

What analysts predicted

Upside of 19.56%

Current $34.46
Target $41.20

Company Financials

FY18Y/Y Change
Revenue
415.3M
↑ 19.24%
Net Income
159.1M
↑ 65.65%
Net Profit Margin
38.32%
↑ 10.74%
FY19Y/Y Change
Revenue
443.3M
↑ 6.75%
Net Income
164.5M
↑ 3.34%
Net Profit Margin
37.1%
↓ 1.22%
FY20Y/Y Change
Revenue
492.1M
↑ 10.99%
Net Income
148.6M
↓ 9.64%
Net Profit Margin
30.2%
↓ 6.9%
FY21Y/Y Change
Revenue
520.0M
↑ 5.68%
Net Income
205.5M
↑ 38.31%
Net Profit Margin
39.52%
↑ 9.32%
FY22Y/Y Change
Revenue
628.1M
↑ 20.8%
Net Income
222.1M
↑ 8.06%
Net Profit Margin
35.36%
↓ 4.16%
FY23Y/Y Change
Revenue
996.2M
↑ 58.59%
Net Income
223.8M
↑ 0.76%
Net Profit Margin
22.46%
↓ 12.9%
Q3 FY22Q/Q Change
Revenue
6.6M
↓ 95.8%
Net Income
63.8M
↑ 63.5%
Net Profit Margin
968.14%
↑ 943.3%
Q4 FY22Q/Q Change
Revenue
173.1M
↑ 2528.79%
Net Income
70.8M
↑ 10.99%
Net Profit Margin
40.88%
↓ 927.26%
Q1 FY23Q/Q Change
Revenue
169.1M
↓ 2.3%
Net Income
64.1M
↓ 9.44%
Net Profit Margin
37.89%
↓ 2.99%
Q2 FY23Q/Q Change
Revenue
164.2M
↓ 2.93%
Net Income
60.9M
↓ 5.02%
Net Profit Margin
37.08%
↓ 0.81%
Q3 FY23Q/Q Change
Revenue
161.2M
↓ 1.78%
Net Income
56.4M
↓ 7.39%
Net Profit Margin
34.96%
↓ 2.12%
Q4 FY23Q/Q Change
Revenue
261.8M
↑ 62.41%
Net Income
42.5M
↓ 24.64%
Net Profit Margin
16.22%
↓ 18.74%
FY18Y/Y Change
Total Assets
9.9B
↑ 5.52%
Total Liabilities
8.5B
↑ 5.11%
FY19Y/Y Change
Total Assets
12.5B
↑ 26.03%
Total Liabilities
10.7B
↑ 25.89%
FY20Y/Y Change
Total Assets
14.1B
↑ 12.92%
Total Liabilities
12.2B
↑ 14.25%
FY21Y/Y Change
Total Assets
15.5B
↑ 9.85%
Total Liabilities
13.5B
↑ 11.07%
FY22Y/Y Change
Total Assets
17.9B
↑ 16.08%
Total Liabilities
15.9B
↑ 17.45%
FY23Y/Y Change
Total Assets
18.4B
↑ 2.61%
Total Liabilities
16.2B
↑ 1.6%
Q3 FY22Q/Q Change
Total Assets
17.7B
↓ 0.35%
Total Liabilities
15.8B
↑ 0.06%
Q4 FY22Q/Q Change
Total Assets
17.9B
↑ 1.24%
Total Liabilities
15.9B
↑ 0.58%
Q1 FY23Q/Q Change
Total Assets
18.2B
↑ 1.34%
Total Liabilities
16.1B
↑ 0.96%
Q2 FY23Q/Q Change
Total Assets
18.0B
↓ 1.16%
Total Liabilities
15.8B
↓ 1.45%
Q3 FY23Q/Q Change
Total Assets
18.0B
↑ 0.16%
Total Liabilities
15.9B
↑ 0.51%
Q4 FY23Q/Q Change
Total Assets
18.4B
↑ 2.27%
Total Liabilities
16.2B
↑ 1.6%
FY18Y/Y Change
Operating Cash Flow
180.2M
↑ 42.48%
Investing Cash Flow
-575.6M
↓ 9.41%
Financing Cash Flow
379.7M
↓ 29.14%
FY19Y/Y Change
Operating Cash Flow
178.4M
↓ 1.01%
Investing Cash Flow
-1.0B
↑ 74.85%
Financing Cash Flow
865.9M
↑ 128.07%
FY20Y/Y Change
Operating Cash Flow
204.8M
↑ 14.8%
Investing Cash Flow
-1.6B
↑ 54.22%
Financing Cash Flow
1.4B
↑ 57.39%
FY21Y/Y Change
Operating Cash Flow
207.4M
↑ 1.26%
Investing Cash Flow
-1.5B
↓ 5.32%
Financing Cash Flow
1.2B
↓ 9.29%
FY22Y/Y Change
Operating Cash Flow
268.0M
↑ 29.25%
Investing Cash Flow
-446.4M
↓ 69.62%
Financing Cash Flow
133.8M
↓ 89.17%
Q3 FY22Q/Q Change
Operating Cash Flow
49.6M
↑ 10.65%
Investing Cash Flow
-125.7M
↓ 314.73%
Financing Cash Flow
-16.9M
↓ 56.76%
Q4 FY22Q/Q Change
Operating Cash Flow
123.4M
↑ 148.61%
Investing Cash Flow
-188.8M
↑ 50.17%
Financing Cash Flow
68.5M
↓ 505.07%
Q1 FY23Q/Q Change
Operating Cash Flow
77.9M
↓ 36.89%
Investing Cash Flow
-217.4M
↑ 15.13%
Financing Cash Flow
142.7M
↑ 108.34%
Q2 FY23Q/Q Change
Operating Cash Flow
35.9M
↓ 53.92%
Investing Cash Flow
216.0M
↓ 199.39%
Financing Cash Flow
-268.8M
↓ 288.29%

Technicals Summary

Sell

Neutral

Buy

First Merchants Corp is currently in a neutral trading position according to technical analysis indicators.

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
First Merchants Corp
First Merchants Corp
3.27%
26.6%
23.69%
-26.95%
-6.74%
Nu Holdings Ltd.
Nu Holdings Ltd.
-11.12%
36.05%
120.04%
5.23%
5.23%
Icici Bank Ltd.
Icici Bank Ltd.
2.7%
20.31%
19.39%
66.88%
129.71%
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
0.82%
36.67%
22.25%
-13.28%
14.85%
U.s. Bancorp
U.s. Bancorp
-5.84%
29.02%
30.04%
-29.07%
-21.69%
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
-11.19%
10.09%
22.44%
21.96%
-28.87%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
First Merchants Corp
First Merchants Corp
9.4
9.4
2.68
3.37
0.1
0.01
0.04
37.4
Nu Holdings Ltd.
Nu Holdings Ltd.
52.0
52.0
NA
0.41
0.18
0.03
NA
1.34
Icici Bank Ltd.
Icici Bank Ltd.
18.38
18.38
0.0
1.36
0.19
0.02
0.01
347.9
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
13.26
13.26
3.46
12.65
0.11
0.01
0.04
128.98
U.s. Bancorp
U.s. Bancorp
13.82
13.82
1.14
3.87
0.09
0.01
0.05
31.26
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
9.55
9.55
0.86
0.83
0.18
0.01
0.01
19.4
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
First Merchants Corp
First Merchants Corp
Buy
$2.1B
-6.74%
9.4
34.56%
Nu Holdings Ltd.
Nu Holdings Ltd.
Buy
$52.0B
5.23%
52.0
27.8%
Icici Bank Ltd.
Icici Bank Ltd.
Buy
$92.3B
129.71%
18.38
30.73%
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
Buy
$62.9B
14.85%
13.26
25.68%
U.s. Bancorp
U.s. Bancorp
Buy
$64.9B
-21.69%
13.82
20.08%
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
Buy
$60.9B
-28.87%
9.55
26.58%

Institutional Holdings

  • Vanguard Group Inc

    11.07%
  • BlackRock Inc

    8.72%
  • Dimensional Fund Advisors, Inc.

    5.18%
  • Earnest Partners LLC

    4.51%
  • State Street Corporation

    2.96%
  • Goldman Sachs Group Inc

    2.88%

Corporate Announcements

  • First Merchants Corp Dividends March,2024

    In the quarter ending March,2024. First Merchants Corp has declared dividend of $0.34

    Read More

Company Information

with more than 100 banking locations throughout 27 indiana counties as well as two in both illinois and ohio, we provide our customers with broad financial services delivered locally by bankers who are known and trusted in their communities. first merchants corporation is the largest financial services holding company headquartered in central indiana. bank divisions within the corporation include: first merchants bank lafayette bank & trust first merchants private wealth advisors, one of the largest wealth management companies in indiana. together we offer consumer banking, mortgage banking, business banking, cash management services, and wealth management, and are focused on building deep, lifelong client relationships and providing maximum shareholder value. we are a team of associates who support and expect superior results from our company and ourselves. accountability and execution is the foundation of our success. we provide an experience where customers can bank with their neigh

Organization
First Merchants Corp
Employees
2162
CEO
Mr. Mark K. Hardwick
Industry
Finance

FAQs