First Financial Statements From 2010 to 2025

FRME Stock  USD 40.68  0.37  0.92%   
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 M
Profit Margin
0.3296
Market Capitalization
2.4 B
Enterprise Value Revenue
5.2668
Revenue
611 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 2025 to make sure the company is sustainable down the road. The current year's Market Cap is expected to grow to about 2.1 B. The current year's Enterprise Value is expected to grow to about 2.4 B

First Merchants Total Revenue

995.41 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 448.2 M, Other Operating Expenses of 7 M or Operating Income of 987.6 M, as well as many indicators such as Price To Sales Ratio of 2.71, Dividend Yield of 0.0354 or PTB Ratio of 1.45. 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 Outstanding61.5 M58.5 M43.8 M
Slightly volatile
Total Assets19.2 B18.3 B10.6 B
Slightly volatile
Short and Long Term Debt Total961.9 M916.1 M671.2 M
Slightly volatile
Total Current Liabilities23.6 M16.1 M10.5 M
Very volatile
Total Stockholder Equity2.4 B2.3 B1.3 B
Slightly volatile
Property Plant And Equipment Net136.2 M129.7 M94.3 M
Slightly volatile
Retained Earnings1.3 B1.3 B617.2 M
Slightly volatile
Cash163.2 M87.6 M242.7 M
Slightly volatile
Non Current Assets Total1.7 B954 M3.2 B
Slightly volatile
Cash And Short Term Investments1.5 B1.5 B1.2 B
Slightly volatile
Net Receivables96.4 M91.8 M46.8 M
Slightly volatile
Liabilities And Stockholders Equity19.2 B18.3 B10.6 B
Slightly volatile
Other Stockholder Equity1.3 B1.2 B752.6 M
Slightly volatile
Total Liabilities16.8 B16 B9.2 B
Slightly volatile
Property Plant And Equipment Gross381.7 M363.5 M164.4 M
Slightly volatile
Total Current Assets2.7 B1.6 B3.3 B
Pretty Stable
Short Term Debt282.6 M257.6 M382.3 M
Very volatile
Accounts Payable16.9 M16.1 M6.2 M
Slightly volatile
Good Will859.7 M818.8 M424.4 M
Slightly volatile
Other Current Assets820.6 M863.8 M2.4 B
Slightly volatile
Non Current Liabilities TotalB916.1 M1.4 B
Slightly volatile
Common Stock Total Equity4.3 M8.5 M5.5 M
Slightly volatile
Common Stock4.4 M8.5 M5.5 M
Slightly volatile
Other Liabilities51.6 M93.4 M62.8 M
Slightly volatile
Long Term Debt961.9 M916.1 M473.9 M
Slightly volatile
Short Term Investments787.6 M1.4 B1.1 B
Slightly volatile
Intangible Assets18.8 M19.8 M21.6 M
Slightly volatile
Property Plant Equipment79.8 M142.1 M98.5 M
Slightly volatile
Preferred Stock Total Equity20.7 M22.6 M17.3 M
Pretty Stable
Net Tangible Assets883.4 M1.5 B844.1 M
Slightly volatile
Retained Earnings Total Equity1.2 B1.2 B609.2 M
Slightly volatile
Capital Surpluse760.8 M1.4 B747.3 M
Slightly volatile
Long Term Investments5.8 B3.5 B5.2 B
Pretty Stable
Non Current Liabilities Other145.7 M229.2 M168.3 M
Slightly volatile
Short and Long Term Debt244.9 M263.7 M203.7 M
Slightly volatile
Long Term Debt Total1.6 B1.5 B522.3 M
Slightly volatile
Earning Assets1.9 B3.2 BB
Slightly volatile
Net Invested Capital2.8 B3.2 B2.2 B
Slightly volatile
Capital Stock19.6 M32.4 M12.1 M
Slightly volatile

First Merchants Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Other Operating ExpensesM7.4 M174.4 M
Slightly volatile
Operating Income987.6 M940.6 M260.6 M
Slightly volatile
EBIT313 M298.1 M173.1 M
Slightly volatile
EBITDA327.2 M311.6 M180 M
Slightly volatile
Net Income211.5 M201.4 M122.4 M
Slightly volatile
Depreciation And Amortization28.2 M26.8 M8.6 M
Slightly volatile
Selling General Administrative248 M236.2 M141.1 M
Slightly volatile
Total Revenue995.4 M948 M430.5 M
Slightly volatile
Gross Profit995.4 M948 M430.6 M
Slightly volatile
Income Before Tax243.3 M231.7 M147.5 M
Slightly volatile
Selling And Marketing Expenses7.8 M7.4 M4.7 M
Slightly volatile
Net Income Applicable To Common Shares266.5 M253.8 M128.4 M
Slightly volatile
Preferred Stock And Other Adjustments2.5 M1.3 MM
Slightly volatile
Net Income From Continuing Ops139.1 M201.4 M121 M
Slightly volatile
Tax Provision34.5 M30.3 M29.8 M
Slightly volatile
Net Interest Income417.4 M521.1 M324.6 M
Slightly volatile
Interest Income545.5 M948 M413.1 M
Slightly volatile
Reconciled Depreciation28.2 M26.8 M10.9 M
Slightly volatile

First Merchants Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow106.3 M112.6 M118.6 M
Slightly volatile
Other Cashflows From Financing Activities93.7 M98.6 M908.8 M
Pretty Stable
Depreciation28.2 M26.8 M10 M
Slightly volatile
Dividends Paid87.7 M83.5 M40 M
Slightly volatile
Total Cash From Operating Activities279.5 M266.2 M159.7 M
Slightly volatile
Net Income211.5 M201.4 M122.5 M
Slightly volatile
End Period Cash Flow115.8 M87.6 M122.6 M
Slightly volatile
Stock Based Compensation6.1 M5.8 M3.4 M
Slightly volatile
Issuance Of Capital StockM2.3 M1.5 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.712.46293.4973
Slightly volatile
Dividend Yield0.03540.03580.0245
Slightly volatile
PTB Ratio1.451.0131.1271
Slightly volatile
Days Sales Outstanding56.9440.6642.9232
Pretty Stable
Book Value Per Share41.3539.379227.9354
Slightly volatile
Operating Cash Flow Per Share4.784.5483.4308
Slightly volatile
Stock Based Compensation To Revenue0.00920.00610.0084
Pretty Stable
Capex To Depreciation8.815.4121.9435
Slightly volatile
PB Ratio1.451.0131.1271
Slightly volatile
EV To Sales3.423.33684.0533
Slightly volatile
ROIC0.340.32650.0642
Slightly volatile
Net Income Per Share3.613.44082.4849
Slightly volatile
Sales General And Administrative To Revenue0.270.24920.3505
Slightly volatile
Capex To Revenue0.20.110.4883
Slightly volatile
Cash Per Share13.0725.183928.0589
Slightly volatile
POCF Ratio11.188.77089.7378
Slightly volatile
Interest Coverage1.872.20343.4197
Pretty Stable
Payout Ratio0.430.41460.2938
Slightly volatile
Capex To Operating Cash Flow0.260.281.4537
Slightly volatile
Income Quality1.351.32181.5494
Slightly volatile
ROE0.10.08740.0894
Slightly volatile
EV To Operating Cash Flow10.6111.882911.1482
Pretty Stable
PE Ratio10.911.593112.6711
Pretty Stable
Return On Tangible Assets0.01170.01150.0115
Slightly volatile
Earnings Yield0.07370.08630.0819
Very volatile
Intangibles To Total Assets0.02180.040.0367
Slightly volatile
Current Ratio92.3997.25961
Slightly volatile
Tangible Book Value Per Share28.2226.876319.1391
Slightly volatile
Receivables Turnover11.2811.879.7635
Pretty Stable
Graham Number57.9855.214939.4331
Slightly volatile
Shareholders Equity Per Share41.3539.379227.9354
Slightly volatile
Debt To Equity0.380.39740.448
Slightly volatile
Capex Per Share1.451.083.7977
Pretty Stable
Revenue Per Share17.0116.19619.0171
Slightly volatile
Interest Debt Per Share12.0922.943912.524
Slightly volatile
Debt To Assets0.08620.050.0563
Slightly volatile
Enterprise Value Over EBITDA13.4510.711.8051
Pretty Stable
Short Term Coverage Ratios0.220.20.21
Slightly volatile
Price Earnings Ratio10.911.593112.6711
Pretty Stable
Operating Cycle56.9440.6642.9232
Pretty Stable
Price Book Value Ratio1.451.0131.1271
Slightly volatile
Dividend Payout Ratio0.430.41460.2938
Slightly volatile
Price To Operating Cash Flows Ratio11.188.77089.7378
Slightly volatile
Pretax Profit Margin0.360.24440.3515
Slightly volatile
Ebt Per Ebit0.180.280.6042
Pretty Stable
Operating Profit Margin0.860.99220.576
Very volatile
Effective Tax Rate0.120.13090.2011
Slightly volatile
Company Equity Multiplier10.097.94458.1922
Very volatile
Long Term Debt To Capitalization0.420.28440.2784
Pretty Stable
Total Debt To Capitalization0.440.28440.306
Slightly volatile
Return On Capital Employed0.03950.05140.0248
Very volatile
Debt Equity Ratio0.380.39740.448
Slightly volatile
Ebit Per Revenue0.860.99220.576
Very volatile
Quick Ratio92.3997.25997
Slightly volatile
Dividend Paid And Capex Coverage Ratio2.423.18823.2916
Pretty Stable
Net Income Per E B T0.610.86910.782
Slightly volatile
Cash Ratio5.175.441359.9196
Very volatile
Operating Cash Flow Sales Ratio0.280.28080.3913
Pretty Stable
Days Of Sales Outstanding56.9440.6642.9232
Pretty Stable
Cash Flow Coverage Ratios0.190.29060.3151
Very volatile
Price To Book Ratio1.451.0131.1271
Slightly volatile
Fixed Asset Turnover7.677.30684.3413
Slightly volatile
Capital Expenditure Coverage Ratio6.233.712.5511
Very volatile
Price Cash Flow Ratio11.188.77089.7378
Slightly volatile
Enterprise Value Multiple13.4510.711.8051
Pretty Stable
Debt Ratio0.08620.050.0563
Slightly volatile
Cash Flow To Debt Ratio0.190.29060.3151
Very volatile
Price Sales Ratio2.712.46293.4973
Slightly volatile
Return On Assets0.01140.0110.0111
Slightly volatile
Asset Turnover0.04790.05180.0409
Pretty Stable
Net Profit Margin0.190.21240.2747
Slightly volatile
Gross Profit Margin0.80.90.982
Slightly volatile
Price Fair Value1.451.0131.1271
Slightly volatile
Return On Equity0.10.08740.0894
Slightly volatile

First Merchants Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap2.1 BB1.5 B
Slightly volatile
Enterprise Value2.4 B2.3 B1.7 B
Slightly volatile

First Fundamental Market Drivers

Forward Price Earnings11.0742
Cash And Short Term Investments1.5 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-21.7 M-22.8 M
Total Revenue948 M995.4 M
Cost Of Revenue-3 M-2.8 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.25  0.27 
Capex To Revenue 0.11  0.20 
Revenue Per Share 16.20  17.01 
Ebit Per Revenue 0.99  0.86 

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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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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
0.571
Dividend Share
1.39
Earnings Share
3.41
Revenue Per Share
10.478
Quarterly Revenue Growth
0.116
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.