USD 43.48
↑ 0.03 (0.07%)
| ticker | 1 day return % | 1 week return % | 1 month return % | 3 months return % | 6 months return % | 1 year return % | 3 years return % | 5 years return % | 10 years return % | maximum return % |
|---|---|---|---|---|---|---|---|---|---|---|
| FRME | 0.1 | -0.2 | 9.7 | 18.3 | 21.5 | 36.3 | 3.6 | 6.6 | 97.1 | 623.5 |
| S&P 500 | -1.3 | -2.3 | 0.5 | 5.7 | 10.7 | 30.1 | 25.2 | 88.0 | 187.6 | 33142.5 |
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| Attribute | Value |
|---|---|
| symbol | FRME |
| name | First Merchants Corporation |
| price | 43.48 |
| changes percentage | 0.07 |
| change | 0.03 |
| day low | 42.75 |
| day high | 44 |
| year high | 45.08 |
| year low | 30.20 |
| market cap | 2551019428 |
| price avg 50 | 37.90 |
| price avg 200 | 35.47 |
| exchange | NASDAQ |
| volume | 230043 |
| avg volume | 269821 |
| open | 43.72 |
| previous close | 43.45 |
| eps | 3 |
| pe | 14.49 |
| earnings announcement | 2025-01-23T05:00:00.000+0000 |
| shares outstanding | 58671100 |
| timestamp | 2024-11-15 21:00:01 |
We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0000712534 | |||
| revenue | 654313000 | 628144000 | 4.17 |
| gross profit | 654313000 | 628144000 | 4.17 |
| gross profit ratio | 1 | 1 | 0.00 |
| research and development expenses | 0 | 0 | NaN |
| operating expenses | 651002000 | -287667000 | 326.30 |
| interest income | 893886000 | 605006000 | 47.75 |
| interest expense | 348486000 | 84803000 | 310.94 |
| ebitda | 270943000 | 267489000 | 1.29 |
| ebitdaratio | 0.41 | 0.56 | -25.42 |
| operating income | 314469000 | 340477000 | -7.64 |
| operating income ratio | 0.48 | 0.54 | -11.33 |
| net income | 223786000 | 222089000 | 0.76 |
| net income ratio | 0.34 | 0.35 | -3.27 |
| eps | 3.74 | 3.83 | -2.35 |
Revenue Growth: revenue increased to 654 million in 2023 from 628 million in 2022 representing a change of 4.17%. This indicates a sales growth, which is a positive sign for the company.
Gross Profit: Gross Profit increased to 654 million in 2023 from 628 million in 2022 representing a change of 4.17%. This indicates a sales profitability growth, which is a positive sign for the company.
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 271 million in 2023 from 267 million in 2022 representing a change of 1.29%. The increase in EBITDA indicates improved operational efficiency and profitability.
Net Income: Net income increased to 224 million in 2023 from 222 million in 2022 representing a change of 0.76%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.
Operating Expenses: Operating Expenses increased to 651 million in 2023 from -288 million in 2022 representing a change of 326.3%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.
Operating Income: Operating income decreased to 314 million in 2023 from 340 million in 2022 representing a change of -7.64%. The decrease in operating income indicates worse operational performance and decreased profitability.
Earnings per Share (EPS): EPS increased to 3.74 in 2023 from 3.74 in 2022 representing a change of -2.35%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0000712534 | |||
| revenue | 265007000 | 267341999 | -0.87 |
| gross profit | 265007000 | 267341999 | -0.87 |
| gross profit ratio | 1 | 1 | 0.00 |
| research and development expenses | 0 | 0 | NaN |
| operating expenses | 155976000 | 25481000 | 512.13 |
| interest income | 241083000 | 31334000 | 669.40 |
| interest expense | 109973000 | 7888000 | 1,294.18 |
| ebitda | 60269000 | 47478000 | 26.94 |
| ebitdaratio | 0.23 | 0.01 | 3,333.09 |
| operating income | 60269000 | 49414000 | 21.97 |
| operating income ratio | 0.23 | 0.18 | 23.04 |
| net income | 49187000 | 39925000 | 23.20 |
| net income ratio | 0.19 | 0.15 | 24.28 |
| eps | 0.84 | 0.68 | 23.53 |
Revenue Growth: revenue decreased to 265 million in 2024Q3 from 267 million in 2024Q2 representing a change of -0.87%. This indicates a sales shrinking, which is a negative sign for the company.
Gross Profit: Gross Profit decreased to 265 million in 2024Q3 from 267 million in 2024Q2 representing a change of -0.87%. This indicates a sales profitability decline, which is a negative sign for the company.
Operating Expenses: Operating Expenses decreased to 156 million in 2024Q3 from 25 million in 2024Q2 representing a change of 512.13%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 60 million in 2024Q3 from 47 million in 2024Q2 representing a change of 26.94%. The increase in EBITDA indicates improved operational efficiency and profitability.
Operating Income: Operating income increased to 60 million in 2024Q3 from 49 million in 2024Q2 representing a change of 21.97%. The increase in operating income indicates better operational performance and increased profitability.
Net Income: Net income increased to 49 million in 2024Q3 from 40 million in 2024Q2 representing a change of 23.2%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.
Earnings per Share (EPS): EPS increased to 0.84 in 2024Q3 from 0.84 in 2024Q2 representing a change of 23.53%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0000712534 | |||
| total assets | 18405887000 | 17938306000 | 2.61 |
| total liabilities | 16158174000 | 15903536000 | 1.60 |
| total equity | 2247713000 | 2034770000 | 10.47 |
| cash and cash equivalents | 112649000 | 248655000 | -54.70 |
| short term investments | 1627112000 | 1976661000 | -17.68 |
| long term investments | 3811364000 | 4263788000 | -10.61 |
| total current assets | 1837425000 | 333725000 | 450.58 |
| total non current assets | 20775468000 | 5128750000 | 305.08 |
| total current liabilities | 0 | 7530000 | -100.00 |
| total non current liabilities | 16158174000 | 7530000 | 214,483.98 |
| common stock | 7428000 | 7396000 | 0.43 |
| retained earnings | 1154624000 | 1012774000 | 14.01 |
| total debt | 871496000 | 974972000 | -10.61 |
Total Assets: Total Assets increased to 18,406 million in 2023 from 17,938 million in 2022 representing a change of 2.61%. Suggesting a growth in asset holdings.
Total Equity: Total Equity increased to 2,248 million in 2023 from 2,035 million in 2022 representing a change of 10.47%. This indicates an increase in shareholders' equity.
Total Current Assets: Total Current Assets increased to 1,837 million in 2023 from 334 million in 2022 representing a change of 450.58%. This indicates a better liquidity position.
Total Current Liabilities: Total Current Liabilities decreased to 0 million in 2023 from 8 million in 2022 representing a change of -100.0%. This indicates a lower short-term debt burden.
Common Stock: Common Stock increased to 7 in 2023 from 7 in 2022 representing a change of 0.43%. This indicates an increase in ownership interest.
Retained Earnings: Retained Earnings increased to 1,155 million in 2023 from 1,013 million in 2022 representing a change of 14.01%. This indicates an accumulated profits.
Total Debt: Total Debt decreased to 871 million in 2023 from 975 million in 2022 representing a change of -10.61%. This indicates a reduction in overall debt burden.
Total Liabilities: Total Liabilities increased to 16,158 million in 2023 from 15,904 million in 2022 representing a change of 1.6%. This indicates an increase in overall liabilities.
Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 113 million in 2023 from 249 million in 2022 representing a change of -54.7%. This indicates a decrease in available liquid assets.
Short Term Investments: Short Term Investments decreased to 1,627 million in 2023 from 1,977 million in 2022 representing a change of -17.68%. This indicates a decrease in short-term investment holdings.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0000712534 | |||
| total assets | 18347552000 | 18303423000 | 0.24 |
| total liabilities | 16045179000 | 16090898000 | -0.28 |
| total equity | 2302373000 | 2212525000 | 4.06 |
| cash and cash equivalents | 443845000 | 273900000 | 62.05 |
| short term investments | 1553496000 | 1618893000 | -4.04 |
| long term investments | 3662145000 | 481364000 | 660.78 |
| total current assets | 1730270000 | 483350000 | 257.97 |
| total non current assets | 20814956000 | 17820073000 | 16.81 |
| total current liabilities | 14273533000 | 14780655000 | -3.43 |
| total non current liabilities | 1771646000 | 1310242999 | 35.22 |
| common stock | 7265000 | 7256000 | 0.12 |
| retained earnings | 1229125000 | 1200930000 | 2.35 |
| total debt | 926191000 | 1173972000 | -21.11 |
Total Assets: Total Assets increased to 18,348 million in 2024Q3 from 18,303 million in 2024Q2 representing a change of 0.24%. Suggesting a growth in asset holdings.
Total Liabilities: Total Liabilities decreased to 16,045 million in 2024Q3 from 16,091 million in 2024Q2 representing a change of -0.28%. This indicates a decrease in overall liabilities.
Total Equity: Total Equity increased to 2,302 million in 2024Q3 from 2,213 million in 2024Q2 representing a change of 4.06%. This indicates an increase in shareholders' equity.
Cash And Cash Equivalents: Cash And Cash Equivalents increased to 444 million in 2024Q3 from 274 million in 2024Q2 representing a change of 62.05%. This indicates an increase in available liquid assets.
Total Current Assets: Total Current Assets increased to 1,730 million in 2024Q3 from 483 million in 2024Q2 representing a change of 257.97%. This indicates a better liquidity position.
Total Current Liabilities: Total Current Liabilities decreased to 14,274 million in 2024Q3 from 14,781 million in 2024Q2 representing a change of -3.43%. This indicates a lower short-term debt burden.
Common Stock: Common Stock increased to 7 in 2024Q3 from 7 in 2024Q2 representing a change of 0.12%. This indicates an increase in ownership interest.
Retained Earnings: Retained Earnings increased to 1,229 million in 2024Q3 from 1,201 million in 2024Q2 representing a change of 2.35%. This indicates an accumulated profits.
Total Debt: Total Debt decreased to 926 million in 2024Q3 from 1,174 million in 2024Q2 representing a change of -21.11%. This indicates a reduction in overall debt burden.
Short Term Investments: Short Term Investments decreased to 1,553 million in 2024Q3 from 1,619 million in 2024Q2 representing a change of -4.04%. This indicates a decrease in short-term investment holdings.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0000712534 | |||
| net change in cash | -9945000 | -44552000 | 77.68 |
| operating cash flow | 258833000 | 268045000 | -3.44 |
| free cash flow | 258833000 | 268045000 | -3.44 |
| capital expenditure | 0 | 0 | NaN |
| depreciation and amortization | 11711000 | 11815000 | -0.88 |
| deferred income tax | 6599000 | 9065000 | -27.20 |
| stock based compensation | 5158000 | 4652000 | 10.88 |
| accounts payables | 11382000 | 3703000 | 207.37 |
| inventory | 23785000 | 0 | NaN |
| acquisitions net | 0 | 137780000 | -100.00 |
| investments in property plant and equipment | 0 | 0 | NaN |
| net cash used for investing activites | -344425000 | -446441000 | 22.85 |
| debt repayment | -285169000 | 485500000 | -158.74 |
| common stock issued | 2180000 | 2056000 | 6.03 |
| common stock repurchased | 0 | 0 | NaN |
| dividends paid | -81936000 | -74154000 | -10.49 |
| net cash used provided by financing activities | 75647000 | 133844000 | -43.48 |
| cash at end of period | 112649000 | 122594000 | -8.11 |
| accounts receivables | -12594000 | -20695000 | 39.14 |
| cash at beginning of period | 122594000 | 167146000 | -26.65 |
Net Change in Cash: Net Change in Cash increased to -10 million in 2023 from -45 million in 2022 representing a change of 77.68%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.
Operating Cash Flow: Operating Cash Flow decreased to 259 million in 2023 from 268 million in 2022 representing a change of -3.44%. This indicates that the company generated less cash from its core business operations.
Free Cash Flow: Free Cash Flow decreased to 259 million in 2023 from 268 million in 2022 representing a change of -3.44%. This indicates a decrease in cash generated after accounting for capital expenditures.
Stock-Based Compensation: Stock-Based Compensation increased to 5 million in 2023 from 5 million in 2022 representing a change of 10.88%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.
Accounts Payables: The absolute value of Accounts Payables increased to 11 million in 2023 from 4 million in 2022 representing a change of 207.37%. This indicates that the company has increased its outstanding obligations to its suppliers.
Accounts Receivables: Accounts Receivables increased to -13 in 2023 from -21 million in 2022 representing a change of 39.14%. This suggests that the company is less capable of collecting payments from its customers.
Dividends Paid: Dividends Paid decreased to -82 million in 2023 from -74 million in 2022 representing a change of -10.49%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0000712534 | |||
| operating cash flow | 76831000 | 63027000 | 21.90 |
| free cash flow | 76831000 | 63027000 | 21.90 |
| capital expenditure | 0 | 0 | NaN |
| depreciation and amortization | 3922000 | 3486000 | 12.51 |
| deferred income tax | 1772000 | 3616000 | -51.00 |
| stock based compensation | 1437000 | 1352000 | 6.29 |
| accounts receivables | 5467000 | -4996000 | 209.43 |
| accounts payables | 39000 | -708000 | 105.51 |
| inventory | 0 | 0 | NaN |
| acquisitions net | 0 | 0 | NaN |
| investments in property plant and equipment | 0 | 0 | NaN |
| net cash used for investing activites | -68179000 | -15586000 | -337.44 |
| debt repayment | -92887000 | 312318000 | -129.74 |
| common stock issued | 575000 | 559000 | 2.86 |
| common stock repurchased | 0 | -19981000 | 100.00 |
| dividends paid | -20992000 | -20934000 | -0.28 |
| net cash used provided by financing activities | -29305000 | -42583000 | 31.18 |
| net change in cash | -20653000 | 4858000 | -525.13 |
| cash at end of period | 84719000 | 105372000 | -19.60 |
| cash at beginning of period | 105372000 | 100514000 | 4.83 |
Net Change in Cash: Net Change in Cash decreased to -21 million in 2024Q3 from 5 million in 2024Q2 representing a change of -525.13%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.
Stock-Based Compensation: Stock-Based Compensation increased to 1 million in 2024Q3 from 1 million in 2024Q2 representing a change of 6.29%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.
Accounts Receivables: Accounts Receivables increased to 5 in 2024Q3 from -5 million in 2024Q2 representing a change of 209.43%. This suggests that the company is less capable of collecting payments from its customers.
Dividends Paid: Dividends Paid decreased to -21 million in 2024Q3 from -21 million in 2024Q2 representing a change of -0.28%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.
Operating Cash Flow: Operating Cash Flow increased to 77 million in 2024Q3 from 63 million in 2024Q2 representing a change of 21.9%. This indicates that the company generated more cash from its core business operations.
Free Cash Flow: Free Cash Flow increased to 77 million in 2024Q3 from 63 million in 2024Q2 representing a change of 21.9%. This indicates an increase in cash generated after accounting for capital expenditures.
Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2024Q3 from 1 million in 2024Q2 representing a change of 105.51%. This indicates that the company has reduced its outstanding obligations to its suppliers.
We save you time by utilizing Generative AI to summarize earnings transcripts. Our summaries provide a clear insight into the company's current performance, future outlook, and overall sentiment expressed during the call. Click on below links to explore more.
Note: The years mentioned below are fiscal years in accounting.
Q3 2024 Earnings call transcript
EPS represents the portion of a company's profit allocated to each outstanding share of common stock. A higher EPS is generally favorable, indicating stronger profitability on a per-share basis.
Positive EPS: A positive EPS signifies that a company is profitable, it is generally viewed positively, supporting stock value and investor confidence.
Negative EPS: Indicates that a company is operating at a loss, which could lead to negative sentiment, potential stock depreciation, and concerns about the company's financial health.
The Next Earning Date represents when the company plans to release its next set of financial results.
An upward trend in EPS suggests consistent growth in earnings, often leading to increased investor confidence. A downward trend may indicate a decline in earnings, potentially decreasing investor confidence and stock value. Fluctuating EPS suggests unpredictable financial performance, warranting cautious investor analysis.
Earnings surprise occurs when a company's actual earnings differ from analysts' expectations. A positive earnings surprise typically reflects better-than-expected performance, potentially leading to stock appreciation. Conversely, a negative earnings surprise can result in stock depreciation. An earnings surprise of zero means the earnings met expectations, which typically has a neutral impact on stock price.
Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.
| 2023-12-31 | 2022-12-31 | Y/Y change % | |
|---|---|---|---|
| FY | |||
| calendar year | 2023 | 2022 | NaN |
| revenue per share | 11.03 | 10.89 | 1.33 |
| net income per share | 3.77 | 3.85 | -1.98 |
| operating cash flow per share | 4.36 | 4.65 | -6.06 |
| free cash flow per share | 4.36 | 4.65 | -6.06 |
| cash per share | 29.34 | 38.57 | -23.95 |
| book value per share | 37.9 | 35.27 | 7.46 |
| tangible book value per share | 25.44 | 22.31 | 14.04 |
| shareholders equity per share | 37.9 | 35.27 | 7.46 |
| interest debt per share | 20.57 | 18.37 | 11.99 |
| market cap | 2199024913.32 | 2371718859.98 | -7.28 |
| enterprise value | 2957871913.32 | 3098035859.98 | -4.52 |
| pe ratio | 9.83 | 10.68 | -7.98 |
| price to sales ratio | 3.36 | 3.78 | -10.99 |
| pocfratio | 8.5 | 8.85 | -3.98 |
| pfcf ratio | 8.5 | 8.85 | -3.98 |
| pb ratio | 0.98 | 1.17 | -16.07 |
| ptb ratio | 0.98 | 1.17 | -16.07 |
| ev to sales | 4.52 | 4.93 | -8.34 |
| enterprise value over ebitda | 10.92 | 11.58 | -5.74 |
| ev to operating cash flow | 11.43 | 11.56 | -1.13 |
| ev to free cash flow | 11.43 | 11.56 | -1.13 |
| earnings yield | 0.1 | 0.09 | 8.68 |
| free cash flow yield | 0.12 | 0.11 | 4.15 |
| debt to equity | 0.39 | 0.48 | -19.08 |
| debt to assets | 0.05 | 0.05 | -12.88 |
| net debt to ebitda | 2.8 | 2.72 | 3.15 |
| current ratio | 0 | 44.32 | -100.00 |
| interest coverage | 0.9 | 4.01 | -77.52 |
| income quality | 1.16 | 1.21 | -4.17 |
| dividend yield | 0.04 | 0.03 | 19.17 |
| payout ratio | 0.37 | 0.33 | 9.66 |
| sales general and administrative to revenue | 0.37 | 0.35 | 7.62 |
| research and ddevelopement to revenue | 0 | 0 | NaN |
| intangibles to total assets | 0.04 | 0.04 | -3.68 |
| capex to operating cash flow | 0 | 0 | NaN |
| capex to revenue | 0 | 0 | NaN |
| capex to depreciation | 0 | 0 | NaN |
| stock based compensation to revenue | 0.01 | 0.01 | 6.44 |
| graham number | 56.73 | 55.27 | 2.63 |
| roic | 0.09 | 0.1 | -11.43 |
| return on tangible assets | 0.01 | 0.01 | -1.95 |
| graham net net | -241.89 | -239.9 | -0.83 |
| working capital | 1837425000 | 326195000 | 463.29 |
| tangible asset value | 1508612000 | 1286926000 | 17.23 |
| net current asset value | -14320749000 | -15569811000 | 8.02 |
| invested capital | 2729334000 | 1191157000 | 129.13 |
| average receivables | 91367000 | 71128500 | 28.45 |
| average payables | 13221000 | 5146000 | 156.92 |
| average inventory | -225689000 | -593032000 | 61.94 |
| days sales outstanding | 54.48 | 49.43 | 10.21 |
| days payables outstanding | 0 | 0 | NaN |
| days of inventory on hand | 0 | 0 | NaN |
| receivables turnover | 6.7 | 7.38 | -9.27 |
| payables turnover | 0 | 0 | NaN |
| inventory turnover | 0 | 0 | NaN |
| roe | 0.1 | 0.11 | -8.78 |
| capex per share | 0 | 0 | NaN |
ROE:
PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 9.83 on 2023-12-31 from 10.68 on 2022-12-31, representing a change of -7.98%. Indicating a decrease in the relative valuation of the company's stock.
Current Ratio: Current Ratio decreased to 0.00 on 2023-12-31 from 44.32 on 2022-12-31, representing a change of -100.00%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.
Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.39 on 2023-12-31 from 0.48 on 2022-12-31, representing a change of -19.08%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.
| 2024-09-30 Q3 | 2024-06-30 Q2 | Q/Q change % | |
|---|---|---|---|
| FRME | |||
| calendar year | 2024 | 2024 | NaN |
| revenue per share | 4.56 | 4.53 | 0.82 |
| net income per share | 0.85 | 0.68 | 25.30 |
| operating cash flow per share | 1.32 | 1.07 | 23.98 |
| free cash flow per share | 1.32 | 1.07 | 23.98 |
| cash per share | 34.39 | 32.04 | 7.33 |
| book value per share | 39.65 | 37.46 | 5.84 |
| tangible book value per share | 27.01 | 25.01 | 8.02 |
| shareholders equity per share | 39.65 | 37.46 | 5.84 |
| interest debt per share | 17.84 | 15.82 | 12.81 |
| market cap | 2160366229.2 | 1937390679.2 | 11.51 |
| enterprise value | 2642712229.2 | 2837462679.2 | -6.86 |
| pe ratio | 10.98 | 12.13 | -9.49 |
| price to sales ratio | 8.15 | 7.25 | 12.49 |
| pocfratio | 28.12 | 30.74 | -8.53 |
| pfcf ratio | 28.12 | 30.74 | -8.53 |
| pb ratio | 0.94 | 0.88 | 7.16 |
| ptb ratio | 0.94 | 0.88 | 7.16 |
| ev to sales | 9.97 | 10.61 | -6.04 |
| enterprise value over ebitda | 43.85 | 59.76 | -26.63 |
| ev to operating cash flow | 34.4 | 45.02 | -23.60 |
| ev to free cash flow | 34.4 | 45.02 | -23.60 |
| earnings yield | 0.02 | 0.02 | 10.48 |
| free cash flow yield | 0.04 | 0.03 | 9.32 |
| debt to equity | 0.4 | 0.42 | -3.91 |
| debt to assets | 0.05 | 0.05 | -0.25 |
| net debt to ebitda | 8.0 | 18.96 | -57.78 |
| current ratio | 0.12 | 0.03 | 270.69 |
| interest coverage | 0.55 | 6.26 | -91.25 |
| income quality | 1.56 | 1.58 | -1.05 |
| dividend yield | 0.01 | 0.01 | -10.07 |
| payout ratio | 0.43 | 0.52 | -18.61 |
| sales general and administrative to revenue | 0.22 | 0.03 | 700.73 |
| research and ddevelopement to revenue | 0 | 0 | NaN |
| intangibles to total assets | 0.04 | 0.04 | -0.48 |
| capex to operating cash flow | 0 | 0 | NaN |
| capex to revenue | 0 | 0 | NaN |
| capex to depreciation | 0 | 0 | NaN |
| stock based compensation to revenue | 0.01 | 0.01 | 7.22 |
| graham number | 27.49 | 23.87 | 15.16 |
| roic | 0.02 | 0.01 | 14.05 |
| return on tangible assets | 0.0 | 0.0 | 22.88 |
| graham net net | -240.71 | -239.07 | -0.68 |
| working capital | -12543263000 | -14297305000 | 12.27 |
| tangible asset value | 1568772000 | 1477152000 | 6.20 |
| net current asset value | -14314909000 | -15607548000 | 8.28 |
| invested capital | -11680080000 | -13428687000 | 13.02 |
| average receivables | 94800500 | 95048000 | -0.26 |
| average payables | 18321500 | 18908000 | -3.10 |
| average inventory | 3913000.5 | -92618999.5 | 104.22 |
| days sales outstanding | 31.26 | 32.84 | -4.80 |
| days payables outstanding | 0 | 0 | NaN |
| days of inventory on hand | 0 | 0 | NaN |
| receivables turnover | 2.88 | 2.74 | 5.04 |
| payables turnover | 0 | 0 | NaN |
| inventory turnover | 0 | 0 | NaN |
| roe | 0.02 | 0.02 | 18.39 |
| capex per share | 0 | 0 | NaN |
ROE: Return on Equity (ROE) decreased to 0.02 on 2024-09-30 Q3 from 0.02 on 2024-06-30 Q2, representing a change of 18.39%. Suggesting that the company has not been generating high returns for its shareholders.
PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 10.98 on 2024-09-30 Q3 from 12.13 on 2024-06-30 Q2, representing a change of -9.49%. Indicating a decrease in the relative valuation of the company's stock.
Current Ratio: Current Ratio increased to 0.12 on 2024-09-30 Q3 from 0.03 on 2024-06-30 Q2, representing a change of 270.69%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. However, it's below 1, indicating potential liquidity issues.
Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.40 on 2024-09-30 Q3 from 0.42 on 2024-06-30 Q2, representing a change of -3.91%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.
Negative Sentiment: Discounted Cash Flow value is 22.28 which is lower than current price 43.48, indicates the company may be overvalued.
| Market Capitalization | Enterprise Value | |
|---|---|---|
| Definition | The total market value of a company's outstanding shares | The total market value of a company, including its debt and other liabilities |
| Calculation | Current share price * Total number of outstanding shares | Market capitalization + Total debt - Cash and cash equivalents |
| Focus | Equity component of a company's value | Total economic value of a company |
| Usefulness | Assesses a company's size and growth potential based on investor sentiment | Provides a more comprehensive valuation that considers both equity and debt |
Analyzing dividends is a crucial aspect of investment evaluation, offering valuable insights into a company's financial health and its commitment to shareholder returns. Dividends represent a portion of a company's profits distributed to its shareholders, providing a steady income stream. We help you analyze dividends based on the indicators mentioned below:
• Investors often assess the average dividend amount, observing trends over time to gauge the company's stability and growth potential. A positive trend in average dividends indicates a consistent and potentially lucrative investment. Additionally, evaluating the trend of dividend increases provides insight into the company's financial strength and management's confidence in future earnings.
• Consistency in paying dividends is a reassuring sign, reflecting a company's reliability and commitment to shareholder value. For investors, dividends not only offer income but also contribute to the overall total return on investment.
• Companies with a history of regular and increasing dividends can attract income-focused investors seeking stable returns, making dividends a critical factor in building a well-rounded investment portfolio.
Interested in the overall sentiment for a particular period? Check out our news sentiment analysis tool.
Sentiment: Positive
Publish Date: 2024-11-13 08:00:00
MUNCIE, Ind., Nov. 13, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on November 12, 2024 of $0.35 per share. The dividend is payable on December 20, 2024, to shareholders of record as of December 6, 2024. For purposes of broker trading, the ex-date of the cash dividend is December 5, 2024.
Sentiment: Positive
Publish Date: 2024-10-24 16:29:03
First Merchants Corporation (NASDAQ:FRME ) Q3 2024 Earnings Conference Call October 24, 2024 11:30 AM ET Company Participants Mark Hardwick - Chief Executive Officer Michael Stewart - President Michele Kawiecki - Chief Financial Officer John Martin - Chief Credit Officer Conference Call Participants Terry McEvoy - Stephens Nathan Race - Piper Sandler Damon DelMonte - KBW Daniel Tamayo - Raymond James Brendan Nosal - Hovde Group Brian Martin - Janney Operator Welcome to the First Merchants Corporation Third Quarter 2024 Earnings Conference Call. Before we begin, management would like to remind you that today's call contains forward looking statements with respect to the future performance and financial condition of First Merchants Corporation that involves risks and uncertainties.
Sentiment: Positive
Publish Date: 2024-10-24 12:31:15
The headline numbers for First Merchants (FRME) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Sentiment: Positive
Publish Date: 2024-10-24 10:16:18
First Merchants (FRME) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.94 per share a year ago.
Sentiment: Positive
Publish Date: 2024-10-24 08:00:00
MUNCIE, Ind., Oct. 24, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) Third Quarter 2024 Highlights: Net income available to common stockholders was $48.7 million and diluted earnings per common share totaled $0.84, compared to $55.9 million and $0.94 in the third quarter of 2023, and $39.5 million and $0.68 in the second quarter of 2024.
Sentiment: Positive
Publish Date: 2024-10-15 15:00:00
MUNCIE, Ind., Oct. 15, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented by depositary shares (NASDAQ: FRMEP) each representing a 1/100th interest in a share of the Series A preferred stock. Holders of depositary shares will receive $0.4688 per depositary share. The dividend will be payable on November 15, 2024, to stockholders of record on October 31, 2024.
Sentiment: Neutral
Publish Date: 2024-10-03 10:00:00
MUNCIE, Ind., Oct. 03, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report third quarter 2024 financial results on October 24, 2024. The Corporation will host a third quarter 2024 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, October 24, 2024.
Sentiment: Positive
Publish Date: 2024-09-30 13:06:10
First Merchants (FRME) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Sentiment: Positive
Publish Date: 2024-09-18 01:00:20
The regional economy appears to be conducive to loan growth. Interest rate cuts will most probably hurt the net interest margin. I'm expecting earnings to recover next year after falling in 2024.
Sentiment: Positive
Publish Date: 2024-09-17 16:14:00
MUNCIE, Ind., Sept. 17, 2024 (GLOBE NEWSWIRE) -- First Merchants Bank (NASDAQ: FRME) is one of the select few regional banks to receive the TIME Magazine "America's Best Mid-Sized Companies” award.
Sentiment: Positive
Publish Date: 2024-08-27 09:05:00
Old Second National Bank Acquires 5 Illinois Branches from First Merchants Bank Proposed Acquisition to Add $304 Million in Deposits and $12 million in loans CHICAGO, IL / ACCESSWIRE / August 27, 2024 / Old Second Bancorp, Inc. ("Old Second Bancorp") (NASDAQ:OSBC), the parent company of Old Second National Bank ("Old Second"), and First Merchants Corporation ("First Merchants Corp.") (NASDAQ:FRME), the parent company of First Merchants Bank ("First Merchants"), jointly announced today that Old Second and First Merchants have entered into a Purchase and Assumption Agreement where Old Second will purchase 5 Illinois branch locations in the Southeast Chicago MSA as well as certain branch related loans and deposits from First Merchants. The acquisition enhances Old Second's position as one of the largest banks headquartered in the Chicagoland area, and adds meaningfully to its existing branch network and in the Southeast Chicago market, allowing for improved scale and penetration.
Sentiment: Positive
Publish Date: 2024-08-27 08:41:00
Old Second National Bank Acquires 5 Illinois Branches from First Merchants Bank _____________ Proposed Acquisition to Add $304 Million in Deposits and $12 million in loans _____________ CHICAGO, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Old Second Bancorp, Inc. (“Old Second Bancorp”) (NASDAQ: OSBC), the parent company of Old Second National Bank (“Old Second”), and First Merchants Corporation (“First Merchants Corp.”) (NASDAQ: FRME), the parent company of First Merchants Bank (“First Merchants”), jointly announced today that Old Second and First Merchants have entered into a Purchase and Assumption Agreement where Old Second will purchase 5 Illinois branch locations in the Southeast Chicago MSA as well as certain branch related loans and deposits from First Merchants. The acquisition enhances Old Second's position as one of the largest banks headquartered in Chicago and adds meaningfully to its existing branch network and in the Southeast Chicago market, allowing for improved scale and penetration.
* The sentiment analysis presented is generated through an algorithm and may be subject to inaccuracies. Users are advised to corroborate key information and employ further analytical methods prior to making critical decisions.
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| Indicator | Bullish | Bearish |
|---|---|---|
| Price and EMA ⓘ | Price crosses above EMA | Price crosses below EMA |
| Short-Term vs Long-Term EMA ⓘ | Short EMA crosses above Long EMA | Short EMA crosses below Long EMA |
| Volume ⓘ | Increasing volume during price uptrend | Increasing volume during price downtrend |
| MACD ⓘ | MACD crosses above Signal Line | MACD crosses below Signal Line |
| RSI ⓘ | RSI is below 30 (oversold) and starts to rise above 30 | RSI is above 70 (overbought) and starts to decline below 70 |
| Candlestick Patterns ⓘ | Bullish candlestick patterns | Bearish candlestick patterns |
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