First Merchants Net Income
| FRME Stock | USD 42.34 0.49 1.17% |
As of the 7th of February, First Merchants shows the Coefficient Of Variation of 543.79, downside deviation of 1.3, and Mean Deviation of 1.12. First Merchants technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm First Merchants variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if First Merchants is priced favorably, providing market reflects its regular price of 42.34 per share. Given that First Merchants has jensen alpha of 0.2017, we urge you to verify First Merchants's prevailing market performance to make sure the company can sustain itself at a future point.
First Merchants Total Revenue |
|
Gross Profit | Profit Margin | Market Capitalization | Enterprise Value Revenue 5.3097 | Revenue |
| Last Reported | Projected for Next Year | ||
| Net Income | 231.6 M | 243.2 M | |
| Net Income Applicable To Common Shares | 253.8 M | 266.5 M | |
| Net Income From Continuing Ops | 231.6 M | 139.1 M | |
| Net Income Per Share | 3.92 | 4.11 | |
| Net Income Per E B T | 0.87 | 0.61 |
First | Net Income | Build AI portfolio with First Stock |
Analyzing First Merchants's Net Income over time reveals critical patterns in financial health and operational efficiency. This metric helps investors evaluate trends, identify inflection points, and make informed decisions based on historical performance. Understanding how Net Income has evolved provides context for assessing First Merchants's current valuation and future prospects.
Latest First Merchants' Net Income Growth Pattern
Below is the plot of the Net Income of First Merchants over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in First Merchants financial statement analysis. It represents the amount of money remaining after all of First Merchants operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is First Merchants' Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in First Merchants' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 201.4 M | 10 Years Trend |
|
Net Income |
| Timeline |
First Net Income Regression Statistics
| Arithmetic Mean | 129,987,062 | |
| Geometric Mean | 92,383,540 | |
| Coefficient Of Variation | 62.37 | |
| Mean Deviation | 72,755,940 | |
| Median | 148,600,000 | |
| Standard Deviation | 81,076,424 | |
| Sample Variance | 6573.4T | |
| Range | 233.4M | |
| R-Value | 0.97 | |
| Mean Square Error | 364.6T | |
| R-Squared | 0.95 | |
| Slope | 15,632,472 | |
| Total Sum of Squares | 105174.2T |
First Net Income History
Other Fundumenentals of First Merchants
| Net Income Applicable To Common Shares | ||
| Net Income From Continuing Ops | ||
| Net Income Per Share | ||
| Net Income Per E B T |
First Merchants Net Income component correlations
First Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for First Merchants is extremely important. It helps to project a fair market value of First Stock properly, considering its historical fundamentals such as Net Income. Since First Merchants' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of First Merchants' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of First Merchants' interrelated accounts and indicators.
Click cells to compare fundamentals
Will Regional Banks sector continue expanding? Could First diversify its offerings? Factors like these will boost the valuation of First Merchants. Market participants price First higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every First Merchants data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.10) | Dividend Share 1.43 | Earnings Share 3.88 | Revenue Per Share | Quarterly Revenue Growth (0.05) |
First Merchants's market price often diverges from its book value, the accounting figure shown on First's balance sheet. Smart investors calculate First Merchants' intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since First Merchants' trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental 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.
First Merchants 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to First Merchants' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of First Merchants.
| 11/09/2025 |
| 02/07/2026 |
If you would invest 0.00 in First Merchants on November 9, 2025 and sell it all today you would earn a total of 0.00 from holding First Merchants or generate 0.0% return on investment in First Merchants over 90 days. First Merchants is related to or competes with First Financial, Banner, Enterprise Financial, Hilltop Holdings, First Busey, First Bancorp, and NBT Bancorp. First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community b... More
First Merchants Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure First Merchants' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess First Merchants upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.1256 | |||
| Maximum Drawdown | 8.32 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 2.84 |
First Merchants Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Merchants' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Merchants' standard deviation. In reality, there are many statistical measures that can use First Merchants historical prices to predict the future First Merchants' volatility.| Risk Adjusted Performance | 0.1529 | |||
| Jensen Alpha | 0.2017 | |||
| Total Risk Alpha | 0.1207 | |||
| Sortino Ratio | 0.1486 | |||
| Treynor Ratio | 0.3059 |
First Merchants February 7, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1529 | |||
| Market Risk Adjusted Performance | 0.3159 | |||
| Mean Deviation | 1.12 | |||
| Semi Deviation | 0.9972 | |||
| Downside Deviation | 1.3 | |||
| Coefficient Of Variation | 543.79 | |||
| Standard Deviation | 1.54 | |||
| Variance | 2.36 | |||
| Information Ratio | 0.1256 | |||
| Jensen Alpha | 0.2017 | |||
| Total Risk Alpha | 0.1207 | |||
| Sortino Ratio | 0.1486 | |||
| Treynor Ratio | 0.3059 | |||
| Maximum Drawdown | 8.32 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 2.84 | |||
| Downside Variance | 1.69 | |||
| Semi Variance | 0.9944 | |||
| Expected Short fall | (1.28) | |||
| Skewness | 0.4345 | |||
| Kurtosis | 1.4 |
First Merchants Backtested Returns
First Merchants appears to be very steady, given 3 months investment horizon. First Merchants secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for First Merchants, which you can use to evaluate the volatility of the firm. Please utilize First Merchants' Coefficient Of Variation of 543.79, mean deviation of 1.12, and Downside Deviation of 1.3 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, First Merchants holds a performance score of 14. The firm shows a Beta (market volatility) of 0.89, which means possible diversification benefits within a given portfolio. First Merchants returns are very sensitive to returns on the market. As the market goes up or down, First Merchants is expected to follow. Please check First Merchants' semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether First Merchants' price patterns will revert.
Auto-correlation | 0.66 |
Good predictability
First Merchants has good predictability. Overlapping area represents the amount of predictability between First Merchants time series from 9th of November 2025 to 24th of December 2025 and 24th of December 2025 to 7th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of First Merchants price movement. The serial correlation of 0.66 indicates that around 66.0% of current First Merchants price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 1.94 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
First Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
|
Based on the recorded statements, First Merchants reported net income of 201.4 M. This is 84.23% lower than that of the Banks sector and significantly higher than that of the Financials industry. The net income for all United States stocks is 64.73% higher than that of the company.
First Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses First Merchants' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of First Merchants could also be used in its relative valuation, which is a method of valuing First Merchants by comparing valuation metrics of similar companies.First Merchants is currently under evaluation in net income category among its peers.
First Merchants ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, First Merchants' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to First Merchants' managers, analysts, and investors.Environmental | Governance | Social |
First Merchants Institutional Holders
Institutional Holdings refers to the ownership stake in First Merchants that is held by large financial organizations, pension funds or endowments. Institutions may hold large blocks of First Merchants' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing First Merchants' value.| Shares | First Trust Advisors L.p. | 2025-06-30 | 766.3 K | Systematic Financial Management Lp | 2025-06-30 | 760.6 K | Principal Financial Group Inc | 2025-06-30 | 758.1 K | William Blair Investment Management, Llc | 2025-06-30 | 724.7 K | Charles Schwab Investment Management Inc | 2025-06-30 | 693.4 K | Pl Capital Advisors, Llc | 2025-06-30 | 686.3 K | Jpmorgan Chase & Co | 2025-06-30 | 678.2 K | Bank Of New York Mellon Corp | 2025-06-30 | 677.3 K | Northern Trust Corp | 2025-06-30 | 569.9 K | Vanguard Group Inc | 2025-06-30 | 6.2 M | Blackrock Inc | 2025-06-30 | 4.6 M |
First Fundamentals
| Return On Equity | 0.0947 | ||||
| Return On Asset | 0.0121 | ||||
| Profit Margin | 0.35 % | ||||
| Operating Margin | 0.43 % | ||||
| Current Valuation | 3.16 B | ||||
| Shares Outstanding | 63.05 M | ||||
| Shares Owned By Insiders | 1.50 % | ||||
| Shares Owned By Institutions | 71.01 % | ||||
| Number Of Shares Shorted | 1.02 M | ||||
| Price To Earning | 14.38 X | ||||
| Price To Book | 1.08 X | ||||
| Price To Sales | 4.16 X | ||||
| Revenue | 1.05 B | ||||
| Gross Profit | 641.7 M | ||||
| EBITDA | 259.11 M | ||||
| Net Income | 201.4 M | ||||
| Cash And Equivalents | 299.12 M | ||||
| Cash Per Share | 5.06 X | ||||
| Total Debt | 999.93 M | ||||
| Debt To Equity | 6.95 % | ||||
| Book Value Per Share | 42.87 X | ||||
| Cash Flow From Operations | 266.21 M | ||||
| Short Ratio | 3.78 X | ||||
| Earnings Per Share | 3.88 X | ||||
| Price To Earnings To Growth | 2.68 X | ||||
| Target Price | 46.5 | ||||
| Number Of Employees | 2.12 K | ||||
| Beta | 0.93 | ||||
| Market Capitalization | 2.67 B | ||||
| Total Asset | 19.03 B | ||||
| Retained Earnings | 1.41 B | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 2.58 % | ||||
| Net Asset | 19.03 B | ||||
| Last Dividend Paid | 1.43 |
About First Merchants Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze First Merchants's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First Merchants using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First Merchants based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Also Currently Popular
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 For information on how to trade First Stock refer to our How to Trade First Stock guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Will Regional Banks sector continue expanding? Could First diversify its offerings? Factors like these will boost the valuation of First Merchants. Market participants price First higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every First Merchants data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.10) | Dividend Share 1.43 | Earnings Share 3.88 | Revenue Per Share | Quarterly Revenue Growth (0.05) |
First Merchants's market price often diverges from its book value, the accounting figure shown on First's balance sheet. Smart investors calculate First Merchants' intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since First Merchants' trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental 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.