First Merchants Corporation (FRME)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total net revenue | $m | 492 | 520 | 628 | 651 | 627 | 661 | 690 | - |
| Operating profit | $m | 259 | 206 | ||||||
| Net profit | $m | 149 | 206 | 222 | 224 | 201 | 226 | 186 | 190 |
| EPS reported | $ | 3.88 | 3.13 | ||||||
| Operating cashflow per share | $ | 4.91 | 5.03 | ||||||
| Capex per share | $ | 0.00 | 0.00 | ||||||
| FCF per share | $ | 4.91 | 5.03 | ||||||
| Free cash flow | $m | 284 | 315 | ||||||
| Net debt | $m | -491 | -2,304 | ||||||
| Book value equity | $m | 2,467 | 2,697 | ||||||
| Book value per share | $ | 42.73 | 43.10 | ||||||
| Number of shares | m | 57.73 | 62.57 | ||||||
| DPS (TTM paid) | $ | 1.43 | 1.46 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 9.66 | 13.01 | ||||||
| P/B LTM | x | 0.88 | 0.80 | ||||||
| P/S LTM | x | 3.27 | 3.14 | ||||||
| P/FCF LTM | x | 7.63 | 6.87 | ||||||
| EV/EBITDA LTM | x | 10.67 | 13.45 | ||||||
| EV/Sales LTM | x | 2.93 | 3.43 | ||||||
| Earnings Yield LTM | % | +10.35% | +7.69% | ||||||
| FCF Yield | % | +13.11% | +14.55% | ||||||
| Quality | |||||||||
| ROE | % | +9.16% | +7.26% | ||||||
| ROIC | % | -4.28% | +4.08% | ||||||
| Operating margin | % | +24.67% | +18.95% | ||||||
| Gross margin | % | +60.96% | +58.82% | ||||||
| FCF/Sales | % | +27.01% | +28.93% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +13.78% | -8.21% | ||||||
| Sales Growth YoY | % | +5.54% | +10.05% | ||||||
| Net Income Growth YoY | % | +12.21% | -7.66% | ||||||
| FCF Growth | % | +6.55% | +18.29% | ||||||
| Operating Profit Growth | % | +11.82% | -10.97% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +3.92% | +3.32% | ||||||
| Dividend Growth | % | +2.88% | +5.04% | ||||||
| Payout Ratio | % | +37.86% | +47.99% | ||||||
| FCF/Debt | x | 0.28 | 0.20 | ||||||
| Net Debt/EBITDA | x | 3.17 | 4.31 | ||||||
| EBIT/Net interest | x | 0.67 | 0.52 | ||||||
| Net debt/market cap | % | +46.22% | +58.44% | ||||||
| Net debt/Equity | x | -0.20 | -0.85 | ||||||
| Gross debt/equity | x | 0.41 | 0.59 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank. This institution delivers a full spectrum of community banking solutions. It accepts various types of deposits, including term, savings, and checking accounts. The company also extends a wide array of lending products, such as consumer, commercial, agricultural business, and real estate mortgage loans, in addition to public finance options. Beyond standard banking, First Merchants provides personal and corporate trust services, brokerage capabilities, and private wealth management. Its corporate offerings further include letters of credit, repurchase agreements, and other specialized financial services. The company maintains a network of 109 physical banking locations situated across counties in Indiana, Illinois, Ohio, and Michigan. Furthermore, it offers convenient access to its services via electronic and mobile platforms. First Merchants Corporation was established in 1893 and is headquartered in Muncie, Indiana.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
First Merchants Corporation (FRME)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank. This institution delivers a full spectrum of community banking solutions. It accepts various types of deposits, including term, savings, and checking accounts. The company also extends a wide array of lending products, such as consumer, commercial, agricultural business, and real estate mortgage loans, in addition to public finance options. Beyond standard banking, First Merchants provides personal and corporate trust services, brokerage capabilities, and private wealth management. Its corporate offerings further include letters of credit, repurchase agreements, and other specialized financial services. The company maintains a network of 109 physical banking locations situated across counties in Indiana, Illinois, Ohio, and Michigan. Furthermore, it offers convenient access to its services via electronic and mobile platforms. First Merchants Corporation was established in 1893 and is headquartered in Muncie, Indiana.
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