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First Merchants Corp. (FRME)
NASDAQ:FRME

First Merchants (FRME) Stock Statistics & Valuation Metrics

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Total Valuation

First Merchants has a market cap or net worth of $2.33B. The enterprise value is $3.25B.
Market Cap$2.33B
Enterprise Value$3.25B

Share Statistics

First Merchants has 63,392,750 shares outstanding. The number of shares has decreased by -2.65% in one year.
Shares Outstanding63,392,750
Owned by Insiders1.53%
Owned by Institutions17.78%

Financial Efficiency

First Merchants’s return on equity (ROE) is 0.09 and return on invested capital (ROIC) is -4.28%.
Return on Equity (ROE)0.09
Return on Assets (ROA)0.01
Return on Invested Capital (ROIC)-4.28%
Return on Capital Employed (ROCE)0.02
Revenue Per Employee495.38K
Profits Per Employee106.60K
Employee Count2,120
Asset Turnover0.06
Inventory Turnover0.00

Valuation Ratios

The current PE Ratio of First Merchants is 9.6. First Merchants’s PEG ratio is 0.68.
PE Ratio9.6
PS Ratio2.06
PB Ratio0.88
Price to Fair Value0.88
Price to FCF7.63
Price to Operating Cash Flow7.44
PEG Ratio0.68

Income Statement

In the last 12 months, First Merchants had revenue of 1.05B and earned 226.00M in profits. Earnings per share was 3.90.
Revenue1.05B
Gross Profit640.17M
Operating Income259.11M
Pretax Income259.11M
Net Income226.00M
EBITDA288.54M
Earnings Per Share (EPS)3.90

Cash Flow

In the last 12 months, operating cash flow was 283.65M and capital expenditures 0.00, giving a free cash flow of 283.65M billion.
Operating Cash Flow283.65M
Free Cash Flow283.65M
Free Cash Flow per Share4.47

Dividends & Yields

First Merchants pays an annual dividend of $0.36, resulting in a dividend yield of 3.72%
Dividend Per Share$0.36
Dividend Yield3.72%
Payout Ratio35.75%
Free Cash Flow Yield
Earnings Yield

Stock Price Statistics

Beta0.86
52-Week Price Change-6.18%
50-Day Moving Average39.07
200-Day Moving Average37.83
Relative Strength Index (RSI)31.23
Average Volume (3m)444.29K

Important Dates

First Merchants upcoming earnings date is Apr 28, 2026, After Close (Confirmed).
Last Earnings DateJan 26, 2026
Next Earnings DateApr 28, 2026
Ex-Dividend Date

Financial Position

First Merchants as a current ratio of 0.20, with Debt / Equity ratio of 40.54%
Current Ratio0.20
Quick Ratio0.20
Debt to Market Cap0.46
Net Debt to EBITDA3.17
Interest Coverage Ratio0.67

Taxes

In the past 12 months, First Merchants has paid 33.11M in taxes.
Income Tax33.11M
Effective Tax Rate0.13

Enterprise Valuation

First Merchants EV to EBITDA ratio is 10.67, with an EV/FCF ratio of 10.86.
EV to Sales2.93
EV to EBITDA10.67
EV to Free Cash Flow10.86
EV to Operating Cash Flow10.86

Balance Sheet

First Merchants has $1.49B in cash and marketable securities with $999.93M in debt, giving a net cash position of $491.33M billion.
Cash & Marketable Securities$1.49B
Total Debt$999.93M
Net Cash$491.33M
Net Cash Per Share$7.75
Tangible Book Value Per Share$30.16

Margins

Gross margin is 60.99%, with operating margin of 24.67%, and net profit margin of 21.52%.
Gross Margin60.99%
Operating Margin24.67%
Pretax Margin24.67%
Net Profit Margin21.52%
EBITDA Margin27.47%
EBIT Margin24.67%

Analyst Forecast

The average price target for First Merchants is $46.50, which is 11.43% higher than the current price. The consensus rating is Moderate Buy
Price Target$46.50
Price Target Upside26.50% Upside
Analyst ConsensusModerate Buy
Analyst Count2
Revenue Growth Forecast-1.76%
EPS Growth Forecast32.44%

Scores

Smart Score2
AI Score