SuperworthFirst Merchants FRME
- Market cap
- $2.6B
- PE
- 13.0×
- 10y median 11.8×
- Forward PE
- n/m
- not a meaningful number
- Revenue, 12 months
- $691.5M
- +5% on a year ago
- Net margin
- 26.9%
First Merchants trades at 13.0× trailing earnings, near its ten-year median. Revenue was $691.5M over the last twelve months, up 5% on a year earlier with a 27% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $161.2M−5% | $156.5M−10% | $153.7M−9% | $159.9M−3% | $156M−3% | $177.1M+13% | $160.3M+4% | $164.3M+3% | $166.1M+7% | $172.2M−3% | $157.1M−2% | $196.1M+19% | |
| Interest expense | $95.8M+316% | $106.9M+154% | $108.8M+75% | $107.8M+29% | $110M+15% | $100.3M−6% | $92.2M−15% | $96.7M−10% | $101.4M−8% | $98.4M−2% | $97.3M+5% | $101.9M+5% |
| Pre-tax income | $65.4M−11% | $46.9M−44% | $54.8M−27% | $44M−39% | $56.3M−14% | $76.6M+63% | $63.2M+15% | $65.1M+48% | $65.3M+16% | $65.5M−15% | $27.1M−57% | $47.8M−27% |
| $9M−8% | $4.4M−65% | $6.8M−40% | $4.1M−62% | $7.2M−21% | $12.3M+177% | $7.9M+15% | $8.3M+104% | $8.5M+19% | $8.4M−31% | −$1.1M | $3.8M−55% | |
| Net income | $56.4M−12% | $42.5M−40% | $47.9M−25% | $39.9M−34% | $49.2M−13% | $64.3M+52% | $55.3M+15% | $56.8M+42% | $56.8M+15% | $57.1M−11% | $28.2M−49% | $44M−23% |
| $0.94−13% | $0.71−40% | $0.80−25% | $0.68−33% | $0.84−11% | $1.10+55% | $0.94+18% | $0.98+44% | $0.98+17% | $0.99−10% | $0.45−52% | $0.70−29% | |
| 59.5M+0% | 59.6M+0% | 59.3M−0% | 58.3M−2% | 58.3M−2% | 58.2M−2% | 58.2M−2% | 57.8M−1% | 57.4M−1% | 57.5M−1% | 61M+5% | 62.6M+8% |
Net income: 6 periods, Q4 FY17 to Q1 FY22: not printed by the filing, worked out from its own lines.
EPS, diluted: 11 periods, Q4 FY10 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: Q4 FY10: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution. 10 periods, Q4 FY11 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Peers
Companies in Banks - Diversified nearest First Merchants' size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| FRMEFirst Merchants | $2.6B | 13.0× | 11.8× | n/m | +5% | 26.9% | |
| TRMKTrustmark | $2.7B | 11.8× | 13.6× | n/m | +5% | 28.7% | |
| NBTBNBT Bancorp | $2.7B | 12.9× | 14.2× | n/m | +19% | 28.8% | |
| WAFDWafd | $2.2B | 9.3× | 12.4× | n/m | +8% | 32.8% | |
| FCFFirst Commonwealth Financial | $2.1B | 12.9× | 12.2× | n/m | +11% | 30.8% | |
| TBBKBancorp | $2.1B | 9.6× | 12.7× | n/m | +7% | 34.5% | |
| CHCOCity | $2B | 15.6× | 15.0× | n/m | +7% | 40.9% | |
| CBUCommunity Financial System | $3.3B | 14.5× | 19.1× | n/m | +10% | 26.6% | |
| PRKPark National | $3.3B | 16.4× | 15.5× | n/m | +15% | 30.5% | |
| FFBCFirst Financial Bancorp | $3.4B | 11.5× | 11.5× | n/m | +18% | 28.3% | |
| DCOMDime Commercial Bancshares | $1.9B | 15.6× | 15.4× | n/m | +37% | 26.3% | |
| Peer median | $2.4B | 12.9× | 13.9× | n/a | +11% | 29.7% |
More on First Merchants
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About
- Industry
- Banks - Diversified
- Sector
- Financial Services
Valuation data, not investment advice. Prices as of .