First Merchants Corporation (FRME)
Company Info
| ISIN | US3208171096 |
|---|---|
| CUSIP | 320817109 |
| Sector | Financial Services |
| Industry | Banks - Regional |
Highlights
| Market Cap | $2.19B |
|---|---|
| EPS (TTM) | $3.12 |
| PE Ratio | 11.67 |
| PEG Ratio | 2.68 |
| Total Revenue (TTM) | $952.41M |
| Gross Profit (TTM) | $952.41M |
| EBITDA (TTM) | $64.26M |
| Year Range | $24.65 - $42.05 |
| Target Price | $45.17 |
| Short % | 1.38% |
| Short Ratio | 2.59 |
Share Price Chart
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Compare to other instruments
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Popular comparisons: FRME vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Merchants Corporation, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Merchants Corporation had a return of 1.22% year-to-date (YTD) and 31.89% in the last 12 months. Over the past 10 years, First Merchants Corporation had an annualized return of 9.08%, while the S&P 500 had an annualized return of 10.55%, indicating that First Merchants Corporation did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.22% | 13.39% |
| 1 month | 3.71% | 4.02% |
| 6 months | 7.20% | 5.56% |
| 1 year | 31.89% | 21.51% |
| 5 years (annualized) | 4.15% | 12.69% |
| 10 years (annualized) | 9.08% | 10.55% |
Monthly Returns
The table below presents the monthly returns of FRME, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -8.82% | -0.79% | 5.12% | -4.24% | -1.11% | 1.83% | 21.21% | -3.35% | 1.22% | ||||
| 2023 | 3.72% | -4.03% | -18.84% | -11.44% | -9.36% | 8.12% | 13.78% | -6.03% | -6.77% | -1.83% | 13.54% | 20.90% | -5.82% |
| 2022 | 1.29% | 3.09% | -4.26% | -5.79% | 5.03% | -12.77% | 16.59% | -4.12% | -2.08% | 16.08% | -1.54% | -6.33% | 1.11% |
| 2021 | 0.70% | 11.63% | 11.23% | -0.62% | 0.28% | -9.51% | -2.26% | 1.03% | 2.40% | -0.62% | -4.06% | 5.79% | 14.99% |
| 2020 | -4.42% | -12.00% | -23.72% | 6.87% | -0.88% | -0.85% | -11.39% | 4.71% | -8.53% | 12.74% | 27.61% | 13.13% | -6.93% |
| 2019 | 6.89% | 10.87% | -8.76% | -0.49% | -8.67% | 13.98% | 3.98% | -8.69% | 5.36% | 5.09% | 2.38% | 3.38% | 24.62% |
| 2018 | 2.62% | -4.24% | 1.34% | 3.31% | 6.10% | 2.00% | 1.72% | 1.95% | -6.08% | -7.51% | 1.03% | -18.02% | -16.93% |
| 2017 | 1.81% | 4.67% | -1.63% | 5.24% | -3.65% | 1.13% | 0.75% | -2.44% | 9.32% | 0.16% | 2.28% | -3.97% | 13.63% |
| 2016 | -10.07% | -2.93% | 6.73% | 8.82% | 1.01% | -3.26% | 5.09% | 4.16% | -1.47% | 5.23% | 22.49% | 9.67% | 51.07% |
| 2015 | -4.00% | 3.30% | 4.71% | -4.12% | 3.19% | 6.55% | 5.38% | -0.04% | 1.20% | 0.04% | 3.70% | -6.16% | 13.61% |
| 2014 | -7.18% | 1.56% | 1.26% | -1.94% | -6.50% | 6.98% | -5.72% | 2.41% | -0.59% | 12.07% | -5.30% | 6.45% | 1.52% |
| 2013 | 1.42% | -1.20% | 4.24% | 4.91% | 2.34% | 3.56% | 9.16% | -8.76% | 1.76% | 8.48% | 12.71% | 7.49% | 54.70% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FRME is 75, suggesting that the investment has average results relative to other stocks in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Merchants Corporation (FRME) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Merchants Corporation granted a 3.79% dividend yield in the last twelve months. The annual payout for that period amounted to $1.38 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.38 | $1.34 | $1.25 | $1.13 | $1.04 | $1.00 | $0.84 | $0.69 | $0.54 | $0.41 | $0.29 | $0.18 |
Dividend yield | 3.79% | 3.61% | 3.04% | 2.70% | 2.78% | 2.40% | 2.45% | 1.64% | 1.43% | 1.61% | 1.27% | 0.79% |
Monthly Dividends
The table displays the monthly dividend distributions for First Merchants Corporation. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.34 | $0.00 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.35 | $1.04 | |||
| 2023 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.34 | $0.00 | $0.34 | $0.00 | $0.00 | $0.34 | $0.00 | $1.34 |
| 2022 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.32 | $1.25 |
| 2021 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.29 | $1.13 |
| 2020 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $1.04 |
| 2019 | $0.00 | $0.22 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.00 | $0.26 | $1.00 |
| 2018 | $0.00 | $0.00 | $0.18 | $0.00 | $0.22 | $0.00 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.84 |
| 2017 | $0.00 | $0.00 | $0.15 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.69 |
| 2016 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.14 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.54 |
| 2015 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.41 |
| 2014 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.29 |
| 2013 | $0.03 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.18 |
Dividend Yield & Payout
Dividend Yield
Payout Ratio
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Merchants Corporation. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Merchants Corporation was 81.31%, occurring on Dec 17, 2009. Recovery took 1399 trading sessions.
The current First Merchants Corporation drawdown is 17.62%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -81.31% | Apr 21, 2008 | 421 | Dec 17, 2009 | 1399 | Jul 13, 2015 | 1820 |
| -53.03% | Aug 22, 2018 | 526 | Sep 23, 2020 | 112 | Mar 5, 2021 | 638 |
| -47.26% | Mar 15, 2021 | 545 | May 11, 2023 | — | — | — |
| -36.13% | Jun 30, 1998 | 476 | May 19, 2000 | 458 | Mar 22, 2002 | 934 |
| -33.12% | Dec 28, 2006 | 150 | Aug 3, 2007 | 124 | Jan 31, 2008 | 274 |
Volatility
Volatility Chart
The current First Merchants Corporation volatility is 8.03%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Financials
Financial Performance
Valuation
The Valuation section provides an assessment of the market value of First Merchants Corporation compared to its peers in the Banks - Regional industry.
PE Ratio
The chart displays the price to earnings (P/E) ratio for FRME in comparison to other companies of the Banks - Regional industry. Currently, FRME has a PE value of 11.7. This PE ratio falls in the average range for the industry.PEG Ratio
The chart displays the price to earnings to growth (PEG) ratio for FRME in comparison to other companies of the Banks - Regional industry. Currently, FRME has a PEG value of 2.7. This PEG ratio is much higher than those of other companies of the industry. This might be an indicator of the company being overvalued.Historical P/E Ratio Chart
The chart below displays the historical trend of the price-to-earnings (P/E) ratio for First Merchants Corporation.
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Income Statement
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Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
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Depreciation And Amortization | — |
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| Income | |
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Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
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Interest Income | — |
Interest Expense | — |
Net Interest Income | — |