Superworth

First Merchants FRME

Banks - Diversified, Financial Services
$40.68
−0.37%
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 for FRME, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
FRMEFirst Merchants$2.6B13.0×11.8×n/m+5%26.9%
TRMKTrustmark$2.7B11.8×13.6×n/m+5%28.7%
NBTBNBT Bancorp$2.7B12.9×14.2×n/m+19%28.8%
WAFDWafd$2.2B9.3×12.4×n/m+8%32.8%
FCFFirst Commonwealth Financial$2.1B12.9×12.2×n/m+11%30.8%
TBBKBancorp$2.1B9.6×12.7×n/m+7%34.5%
CHCOCity$2B15.6×15.0×n/m+7%40.9%
CBUCommunity Financial System$3.3B14.5×19.1×n/m+10%26.6%
PRKPark National$3.3B16.4×15.5×n/m+15%30.5%
FFBCFirst Financial Bancorp$3.4B11.5×11.5×n/m+18%28.3%
DCOMDime Commercial Bancshares$1.9B15.6×15.4×n/m+37%26.3%
Peer median$2.4B12.9×13.9×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 .