First Merchants Corporation stock page - price, fundamentals, dividends - iOCharts

Ticker
FRME

Price
43.59
Stock movement up
+0.60 (1.40%)
Company name
First Merchants Corporation
Exchange
(NASDAQ
,
Currency
USD
)
Sector
Financial Services >
Banks-Regional
Market cap
2.59B
Ent value
16.10B
Price/Sales
4.95
Price/Book
1.43
Div yield
2.94%
Div growth
15.91%
Growth years
9
FCF payout
30.47%
Trailing P/E
12.67
Forward P/E
9.64
PEG
1.81
EPS growth
14.10%
1 year return
1.61%
3 year return
6.58%
5 year return
2.30%
10 year return
11.72%
Last updated: 2022-08-15

DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share1.28
Dividend yield2.94%
Payout frequencyQuarterly
Maximum yield4.76%
Average yield2.69%
Minimum yield1.62%
Discount to avg yield8.49%
Upside potential9.27%
Yield as % of max yield61.64%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield2.94%
Current yield distribution23.17%
Yield at 100% (Min)1.62%
Yield at 90%1.81%
Yield at 80%2.01%
Yield at 50% (Median)2.67%
Yield at 20%3.07%
Yield at 10%3.88%
Yield at 0% (Max)4.76%

Dividend per share

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Dividend per share data
Years of growth9 years
CCC statusDividend Challenger
Dividend per share1.28
Payout frequencyQuarterly
Ex-div date1 Sep 2022
EPS (TTM)3.83
EPS (1y forward)4.52
EPS growth (5y)14.10%
EPS growth (5y forward)7.00%

Dividend growth

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Dividend growth data
FRMES&P500
DGR MR10.34%15.44%
DGR TTM10.91%7.80%
DGR 3 years10.39%3.88%
DGR 5 years15.91%4.73%
DGR 10 years39.67%8.30%
DGR 15 years1.38%5.82%
Time since last change announced99 days
EPS growth (5y)14.10%
EPS growth (5y forward)7.00%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM23.02%30.47%
Average--
Forward28.32%-

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E12.67
Price to OCF16.77
Price to FCF16.77
Price to EBITDA11.95
EV to EBITDA74.24

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales4.95
Price to Book1.43
EV to Sales30.75

FINANCIALS

Per share

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Per share data
Current share count59.46M
EPS (TTM)3.83
FCF per share (TTM)2.89

Income statement

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Income statement data
Revenue (TTM)523.66M
Gross profit (TTM)395.48M
Operating income (TTM)368.48M
Net income (TTM)204.65M
EPS (TTM)3.83
EPS (1y forward)4.52

Margins

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Margins data
Gross margin (TTM)75.52%
Operating margin (TTM)70.37%
Profit margin (TTM)39.08%

Balance Sheet

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Balance Sheet data
Cash148.28M
Net receivables56.08M
Total current assets2.37B
Goodwill545.38M
Intangible assets24.11M
Property, plant and equipment0.00
Total assets15.47B
Accounts payable12.91B
Short/Current long term debt0.00
Total current liabilities13.08B
Total liabilities13.66B
Shareholder's equity1.81B
Net tangible assets1.24B

Cash flow

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Cash flow data
Operating cash flow (TTM)154.57M
Capital expenditures (TTM)0.00
Free cash flow (TTM)154.57M
Dividends paid (TTM)47.10M

Financial returns

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Financial returns data
Return on Equity11.32%
Return on Assets1.32%
Return on Invested Capital9.16%
Cash Return on Invested Capital6.92%

STOCK INFORMATION

Stock chart

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Stock price data
Open42.53
Daily high43.66
Daily low42.53
Daily Volume98K
All-time high50.04
1y analyst estimate48.83
Beta1.11
EPS (TTM)3.83
Dividend per share1.28
Ex-div date1 Sep 2022
Next earnings date24 Oct 2022

Downside potential

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Downside potential data
FRMES&P500
Current price drop from All-time high-12.89%-10.22%
Highest price drop-82.97%-56.47%
Date of highest drop17 Dec 20099 Mar 2009
Avg drop from high-22.66%-11.38%
Avg time to new high25 days12 days
Max time to new high2158 days1805 days
COMPANY DETAILS
FRME (First Merchants Corporation) company logo
Marketcap
2.59B
Marketcap category
Mid-cap
Description
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.
Employees
1821
Investor relations
SEC filings
CEO
Michael Rechin
Country
USA
City
Muncie
Stock type
Common stock
CCC status
Dividend Challenger
Dividend Frequency
Quarterly
EVENTS AND PRESENTATIONS
EventsPresentations
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UNDERSTAND THE BUSINESS
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COMPANY NEWS
All newsPress releases
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes? Let's find out.
August 15, 2022
MUNCIE, Ind., Aug. 10, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 10, 2022 of $0.32 per share. The dividend is payable on September 16, 2022, to shareholde...
August 10, 2022
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes? Let's find out.
July 28, 2022
First Merchants (FRME) delivered earnings and revenue surprises of 14.77% and 3.54%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
July 26, 2022
MUNCIE, Ind., July 26, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) Second Quarter 2022 Highlights: Net income available to common stockholders was $38.5 million and diluted ea...
July 26, 2022
MUNCIE, Ind., July 20, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred St...
July 20, 2022
First Merchants (FRME) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
July 19, 2022
If you want to know who really controls First Merchants Corporation ( NASDAQ:FRME ), then you'll have to look at the...
July 13, 2022
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes? Let's find out.
July 12, 2022
MUNCIE, Ind., July 05, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report second quarter 2022 financial results on July 26, 2022. The Corporation will host a second quarter...
July 5, 2022
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