First Financial Statements From 2010 to 2024

FRME Stock  USD 44.05  0.65  1.50%   
First Merchants financial statements provide useful quarterly and yearly information to potential First Merchants investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on First Merchants financial statements helps investors assess First Merchants' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting First Merchants' valuation are summarized below:
Gross Profit
611.4 M
Profit Margin
0.3027
Market Capitalization
2.5 B
Enterprise Value Revenue
5.5228
Revenue
593.1 M
There are over one hundred nineteen available fundamental signals for First Merchants, which can be analyzed over time and compared to other ratios. Investors should ensure to verify all of First Merchants' prevailing performance against the performance from 2010 to 2024 to make sure the company is sustainable down the road. The current year's Market Cap is expected to grow to about 2.3 B. The current year's Enterprise Value is expected to grow to about 3.1 B

First Merchants Total Revenue

687.03 Million

Check First Merchants financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among First Merchants' main balance sheet or income statement drivers, such as Interest Expense of 365.9 M, Other Operating Expenses of 773.8 M or Operating Income of 272.2 M, as well as many indicators such as Price To Sales Ratio of 2.73, Dividend Yield of 0.0353 or PTB Ratio of 1.46. First financial statements analysis is a perfect complement when working with First Merchants Valuation or Volatility modules.
  
Check out the analysis of First Merchants Correlation against competitors.
For information on how to trade First Stock refer to our How to Trade First Stock guide.

First Merchants Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding62.5 M59.5 M42.9 M
Slightly volatile
Total Assets19.3 B18.4 B10.1 B
Slightly volatile
Short and Long Term Debt Total915.1 M871.5 M651.8 M
Slightly volatile
Total Current Liabilities10.9 B10.4 B1.4 B
Slightly volatile
Total Stockholder Equity2.4 B2.2 B1.3 B
Slightly volatile
Property Plant And Equipment Net160.4 M152.8 M93.6 M
Slightly volatile
Retained Earnings1.2 B1.2 B565.2 M
Slightly volatile
Cash151.4 M112.6 M223.1 M
Slightly volatile
Non Current Assets Total21.8 B20.8 B4.9 B
Slightly volatile
Cash And Short Term Investments1.8 B1.7 B1.2 B
Slightly volatile
Net Receivables102.5 M97.7 M44.2 M
Slightly volatile
Liabilities And Stockholders Equity19.3 B18.4 B10.1 B
Slightly volatile
Other Stockholder Equity1.3 B1.2 B722.4 M
Slightly volatile
Total Liabilities17 B16.2 B8.8 B
Slightly volatile
Property Plant And Equipment Gross378.4 M360.4 M150.9 M
Slightly volatile
Total Current Assets2.7 B1.8 B3.5 B
Pretty Stable
Short Term Debt282.6 M224 M390.6 M
Very volatile
Accounts Payable19.9 M18.9 M5.8 M
Slightly volatile
Good Will859.7 M818.8 M405.2 M
Slightly volatile
Other Current Assets713.6 M751.1 M2.5 B
Slightly volatile
Non Current Liabilities Total17 B16.2 B2.5 B
Slightly volatile
Common Stock Total Equity4.3 M8.5 M5.4 M
Slightly volatile
Common Stock4.4 M7.4 M5.3 M
Slightly volatile
Other Liabilities51.6 M93.4 M61.6 M
Slightly volatile
Long Term Debt915.1 M871.5 M441.3 M
Slightly volatile
Short Term Investments1.7 B1.6 B1.1 B
Slightly volatile
Intangible Assets44.7 M27.1 M23.5 M
Slightly volatile
Property Plant Equipment79.8 M142.1 M96.8 M
Slightly volatile
Preferred Stock Total Equity20.7 M22.6 M16.8 M
Slightly volatile
Net Tangible Assets883.4 M1.5 B816.3 M
Slightly volatile
Retained Earnings Total Equity1.2 B1.2 B582.3 M
Slightly volatile
Capital Surpluse760.8 M1.4 B715.2 M
Slightly volatile
Long Term InvestmentsB3.8 B5.3 B
Slightly volatile
Non Current Liabilities Other145.7 M229.2 M166.2 M
Slightly volatile
Short and Long Term Debt244.9 M263.7 M202 M
Slightly volatile
Long Term Debt Total1.6 B1.5 B469.5 M
Slightly volatile
Earning Assets1.9 B3.2 B1.9 B
Slightly volatile
Net Invested Capital2.6 B3.1 B2.2 B
Slightly volatile
Capital Stock16.9 M32.6 M10.6 M
Slightly volatile

First Merchants Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Other Operating Expenses773.8 M736.9 M242.4 M
Slightly volatile
Operating Income272.2 M259.2 M167.6 M
Slightly volatile
EBIT272.2 M259.2 M162.1 M
Slightly volatile
EBITDA284.5 M270.9 M168.3 M
Slightly volatile
Net Income235 M223.8 M118.7 M
Slightly volatile
Depreciation And Amortization12.3 M11.7 M6.3 M
Slightly volatile
Selling General Administrative255.6 M243.4 M135.3 M
Slightly volatile
Total Revenue687 M654.3 M375.7 M
Slightly volatile
Gross Profit687 M654.3 M375.6 M
Slightly volatile
Income Before Tax272.2 M259.2 M143.8 M
Slightly volatile
Selling And Marketing Expenses7.8 M7.4 M4.5 M
Slightly volatile
Cost Of Revenue56.2 M68.7 M53.4 M
Slightly volatile
Net Income Applicable To Common Shares266.5 M253.8 M122.2 M
Slightly volatile
Preferred Stock And Other Adjustments2.5 M1.3 M2.1 M
Slightly volatile
Net Income From Continuing Ops132.8 M252.1 M115.2 M
Slightly volatile
Tax Provision34.6 M43.7 M29.7 M
Slightly volatile
Net Interest Income400 M564.3 M310.3 M
Slightly volatile
Interest Income490.2 M847.9 M373.8 M
Slightly volatile
Reconciled Depreciation9.9 M11.7 M8.6 M
Slightly volatile

First Merchants Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow105.8 M122.6 M118.9 M
Slightly volatile
Other Cashflows From Financing Activities564.6 M440.6 M994.2 M
Slightly volatile
Depreciation12.3 M11.7 M7.9 M
Slightly volatile
Dividends Paid86 M81.9 M37 M
Slightly volatile
Total Cash From Operating Activities271.8 M258.8 M152.1 M
Slightly volatile
Net Income235 M223.8 M118.8 M
Slightly volatile
End Period Cash Flow116.4 M112.6 M125 M
Slightly volatile
Stock Based Compensation5.4 M5.2 M3.2 M
Slightly volatile
Issuance Of Capital Stock1.9 M2.1 M1.5 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.733.36083.5665
Slightly volatile
Dividend Yield0.03530.03730.0238
Slightly volatile
PTB Ratio1.460.97831.1354
Slightly volatile
Days Sales Outstanding57.5454.480644.3891
Very volatile
Book Value Per Share39.837.90127.0692
Slightly volatile
Operating Cash Flow Per Share4.584.36443.343
Slightly volatile
Stock Based Compensation To Revenue0.00940.00790.0086
Very volatile
Capex To Depreciation8.815.4123.006
Pretty Stable
PB Ratio1.460.97831.1354
Slightly volatile
EV To Sales3.454.52064.1461
Slightly volatile
ROIC0.140.07170.0925
Pretty Stable
Net Income Per Share3.963.77352.4445
Slightly volatile
Payables Turnover0.320.360.3957
Slightly volatile
Sales General And Administrative To Revenue0.270.3720.3571
Slightly volatile
Capex To Revenue0.20.110.5126
Pretty Stable
Cash Per Share30.829.335928.9424
Slightly volatile
POCF Ratio8.168.49599.6009
Pretty Stable
Interest Coverage0.710.74393.4234
Pretty Stable
Payout Ratio0.430.36610.2858
Slightly volatile
Capex To Operating Cash Flow0.260.281.53
Pretty Stable
Days Payables Outstanding722813885
Slightly volatile
Income Quality1.361.15661.5653
Slightly volatile
ROE0.10.09960.0895
Slightly volatile
EV To Operating Cash Flow10.6811.427711.2162
Pretty Stable
PE Ratio10.949.826512.7457
Very volatile
Return On Tangible Assets0.01170.01270.0115
Slightly volatile
Earnings Yield0.07320.10180.0816
Very volatile
Intangibles To Total Assets0.02140.04020.0365
Slightly volatile
Current Ratio37.8939.89K
Slightly volatile
Tangible Book Value Per Share26.7125.438218.5226
Slightly volatile
Receivables Turnover6.366.69969.0534
Slightly volatile
Graham Number59.5656.726738.4863
Slightly volatile
Shareholders Equity Per Share39.837.90127.0692
Slightly volatile
Debt To Equity0.370.38770.4508
Slightly volatile
Capex Per Share1.451.083.9712
Pretty Stable
Revenue Per Share11.5811.0338.1803
Slightly volatile
Interest Debt Per Share11.8120.571411.8107
Slightly volatile
Debt To Assets0.08540.04730.0567
Slightly volatile
Enterprise Value Over EBITDA13.5710.91711.994
Pretty Stable
Short Term Coverage Ratios0.220.20.2095
Slightly volatile
Price Earnings Ratio10.949.826512.7457
Very volatile
Price Book Value Ratio1.460.97831.1354
Slightly volatile
Days Of Payables Outstanding722813885
Slightly volatile
Dividend Payout Ratio0.430.36610.2858
Slightly volatile
Price To Operating Cash Flows Ratio8.168.49599.6009
Pretty Stable
Pretax Profit Margin0.360.39620.3585
Slightly volatile
Ebt Per Ebit0.910.860.7154
Slightly volatile
Operating Profit Margin0.380.39620.5161
Slightly volatile
Effective Tax Rate0.130.13670.2064
Slightly volatile
Company Equity Multiplier10.128.18878.2107
Very volatile
Long Term Debt To Capitalization0.430.27940.2787
Pretty Stable
Total Debt To Capitalization0.440.27940.3074
Slightly volatile
Return On Capital Employed0.01340.01410.0212
Slightly volatile
Debt Equity Ratio0.370.38770.4508
Slightly volatile
Ebit Per Revenue0.380.39620.5161
Slightly volatile
Quick Ratio89.1593.841.1 K
Slightly volatile
Dividend Paid And Capex Coverage Ratio2.413.1593.2978
Pretty Stable
Net Income Per E B T0.60.86330.7756
Slightly volatile
Cash Ratio25.3929.7264.9465
Pretty Stable
Operating Cash Flow Sales Ratio0.290.39560.3992
Pretty Stable
Days Of Sales Outstanding57.5454.480644.3891
Very volatile
Cash Flow Coverage Ratios0.190.2970.3168
Very volatile
Price To Book Ratio1.460.97831.1354
Slightly volatile
Fixed Asset Turnover2.94.28193.827
Slightly volatile
Capital Expenditure Coverage Ratio6.233.712.506
Very volatile
Price Cash Flow Ratio8.168.49599.6009
Pretty Stable
Enterprise Value Multiple13.5710.91711.994
Pretty Stable
Debt Ratio0.08540.04730.0567
Slightly volatile
Cash Flow To Debt Ratio0.190.2970.3168
Very volatile
Price Sales Ratio2.733.36083.5665
Slightly volatile
Return On Assets0.01130.01220.0111
Slightly volatile
Asset Turnover0.04750.03550.0402
Slightly volatile
Net Profit Margin0.190.3420.2788
Slightly volatile
Gross Profit Margin0.80.90.9758
Slightly volatile
Price Fair Value1.460.97831.1354
Slightly volatile
Return On Equity0.10.09960.0895
Slightly volatile
Operating Cycle28.0131.5134.3101
Slightly volatile

First Merchants Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap2.3 B2.2 B1.4 B
Slightly volatile
Enterprise Value3.1 BB1.7 B
Slightly volatile

First Fundamental Market Drivers

Forward Price Earnings12.1065
Cash And Short Term Investments1.7 B

First Upcoming Events

23rd of April 2024
Upcoming Quarterly Report
View
23rd of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
23rd of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About First Merchants Financial Statements

First Merchants stakeholders use historical fundamental indicators, such as First Merchants' revenue or net income, to determine how well the company is positioned to perform in the future. Although First Merchants investors may analyze each financial statement separately, they are all interrelated. For example, changes in First Merchants' assets and liabilities are reflected in the revenues and expenses on First Merchants' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in First Merchants. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue-18.9 M-19.9 M
Total Revenue654.3 M687 M
Cost Of Revenue68.7 M56.2 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.37  0.27 
Capex To Revenue 0.11  0.20 
Revenue Per Share 11.03  11.58 
Ebit Per Revenue 0.40  0.38 

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether First Merchants is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if First Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about First Merchants Stock. Highlighted below are key reports to facilitate an investment decision about First Merchants Stock:
Check out the analysis of First Merchants Correlation against competitors.
For information on how to trade First Stock refer to our How to Trade First Stock guide.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Merchants. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Merchants listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.11)
Dividend Share
1.38
Earnings Share
3.01
Revenue Per Share
10.11
Quarterly Revenue Growth
(0.05)
The market value of First Merchants is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Merchants' value that differs from its market value or its book value, called intrinsic value, which is First Merchants' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Merchants' market value can be influenced by many factors that don't directly affect First Merchants' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Merchants' value and its price as these two are different measures arrived at by different means. Investors typically determine if First Merchants is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Merchants' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.