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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.53
FMER's Cash to Debt is ranked lower than
71% of the 1560 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.13 vs. FMER: 0.53 )
Ranked among companies with meaningful Cash to Debt only.
FMER' s Cash to Debt Range Over the Past 10 Years
Min: 0.11  Med: 1.32 Max: No Debt
Current: 0.53
Equity to Asset 0.12
FMER's Equity to Asset is ranked higher than
69% of the 1610 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. FMER: 0.12 )
Ranked among companies with meaningful Equity to Asset only.
FMER' s Equity to Asset Range Over the Past 10 Years
Min: 0.08  Med: 0.1 Max: 0.12
Current: 0.12
0.08
0.12
Interest Coverage 5.34
FMER's Interest Coverage is ranked higher than
81% of the 1563 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.70 vs. FMER: 5.34 )
Ranked among companies with meaningful Interest Coverage only.
FMER' s Interest Coverage Range Over the Past 10 Years
Min: 0.5  Med: 2.25 Max: 5.97
Current: 5.34
0.5
5.97
F-Score: 3
M-Score: -2.46
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 32.16
FMER's Operating margin (%) is ranked higher than
53% of the 1653 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 30.84 vs. FMER: 32.16 )
Ranked among companies with meaningful Operating margin (%) only.
FMER' s Operating margin (%) Range Over the Past 10 Years
Min: 19.28  Med: 27.06 Max: 32.44
Current: 32.16
19.28
32.44
Net-margin (%) 22.58
FMER's Net-margin (%) is ranked higher than
51% of the 1652 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.27 vs. FMER: 22.58 )
Ranked among companies with meaningful Net-margin (%) only.
FMER' s Net-margin (%) Range Over the Past 10 Years
Min: 14.7  Med: 19 Max: 23.02
Current: 22.58
14.7
23.02
ROE (%) 7.45
FMER's ROE (%) is ranked lower than
57% of the 1648 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.34 vs. FMER: 7.45 )
Ranked among companies with meaningful ROE (%) only.
FMER' s ROE (%) Range Over the Past 10 Years
Min: 7.45  Med: 8.26 Max: 13.96
Current: 7.45
7.45
13.96
ROA (%) 0.89
FMER's ROA (%) is ranked higher than
51% of the 1659 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.88 vs. FMER: 0.89 )
Ranked among companies with meaningful ROA (%) only.
FMER' s ROA (%) Range Over the Past 10 Years
Min: 0.76  Med: 0.92 Max: 1.19
Current: 0.89
0.76
1.19
Revenue Growth (3Y)(%) -1.40
FMER's Revenue Growth (3Y)(%) is ranked lower than
71% of the 1350 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.20 vs. FMER: -1.40 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
FMER' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -2.8  Med: 0.2 Max: 6.6
Current: -1.4
-2.8
6.6
EBITDA Growth (3Y)(%) 5.60
FMER's EBITDA Growth (3Y)(%) is ranked lower than
51% of the 1237 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.00 vs. FMER: 5.60 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
FMER' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -11.1  Med: 5.6 Max: 15
Current: 5.6
-11.1
15
EPS Growth (3Y)(%) 2.90
FMER's EPS Growth (3Y)(%) is ranked lower than
64% of the 1213 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.40 vs. FMER: 2.90 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
FMER' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -12.2  Med: 2.9 Max: 20.2
Current: 2.9
-12.2
20.2
» FMER's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-10-27)


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q3 2015

FMER Guru Trades in Q3 2015

RS Investment Management 1,685,138 sh (+32.04%)
David Dreman 667,407 sh (+14.16%)
Joel Greenblatt 12,389 sh (+7.48%)
Mario Gabelli 158,100 sh (+2.73%)
Barrow, Hanley, Mewhinney & Strauss 234,189 sh (unchged)
Keeley Asset Management Corp 1,824,258 sh (-6.83%)
» More
Q4 2015

FMER Guru Trades in Q4 2015

Jim Simons 107,000 sh (New)
RS Investment Management 1,990,846 sh (+18.14%)
Barrow, Hanley, Mewhinney & Strauss 238,446 sh (+1.82%)
Mario Gabelli 158,100 sh (unchged)
David Dreman Sold Out
Joel Greenblatt Sold Out
Keeley Asset Management Corp 1,775,830 sh (-2.65%)
» More
Q1 2016

FMER Guru Trades in Q1 2016

Jeremy Grantham 748,379 sh (New)
David Dreman 529,489 sh (New)
Paul Tudor Jones 240,605 sh (New)
Jim Simons 757,541 sh (+607.98%)
Barrow, Hanley, Mewhinney & Strauss Sold Out
RS Investment Management Sold Out
Keeley Asset Management Corp Sold Out
Mario Gabelli 148,100 sh (-6.33%)
» More
Q2 2016

FMER Guru Trades in Q2 2016

Jim Simons 1,395,341 sh (+84.19%)
Paul Tudor Jones 295,755 sh (+22.92%)
Mario Gabelli 148,100 sh (unchged)
David Dreman Sold Out
Jeremy Grantham Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with FMER

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Preferred stocks of FirstMerit Corp

SymbolPriceYieldDescription
FMERPRA26.105.63

Business Description

Industry: Banks » Banks - Regional - US
Compare:NAS:FNFG, NAS:PVTB, NYSE:FHN, NYSE:WBS, NYSE:PB, NAS:UMPQ, NYSE:WAL, NYSE:SNV, NYSE:BKU, NAS:BPOP, NYSE:BOH, NAS:HOMB, OTCPK:FCNCB, NYSE:ASB, NAS:UMBF, NAS:UBSI, NAS:WTFC, NYSE:CFR, NAS:MBFI, NAS:IBKC » details
Traded in other countries:FE5.Germany,
Firstmerit Corp is a bank holding company. It operates through the Bank and its other subsidiaries, providing banking, fiduciary, financial, insurance and investment services to corporate, institutional and individual customers.

Firstmerit Corp was organized in 1981 under the laws of the State of Ohio, It is a bank holding company. It operates through the Bank and its other subsidiaries, providing banking, fiduciary, financial, insurance and investment services to corporate, institutional and individual customers throughout Ohio, Chicago, Illinois, Michigan, Wisconsin and Western Pennsylvania. The Company manages its operations through the following primary lines of business: Commercial, Retail, Wealth and Other. Banking services are provided by the Company's national banking subsidiary, FirstMerit Bank. The Bank's trust department offers wealth management and trust services. The majority of its customers are comprised of consumers and small and medium sized businesses. The Bank has a small international department to service clients in its markets. The Company competes with other local, regional and national providers of financial services such as other bank holding companies, commercial banks, savings associations, credit unions, consumer and commercial finance companies, equipment leasing companies, mortgage banking companies, investment brokers and other brokerage institutions, money market and mutual funds and insurance companies. The Company is subject to extensive regulation, examination and supervision under by federal and state law.

Ratios

vs
industry
vs
history
P/E(ttm) 16.50
FMER's P/E(ttm) is ranked lower than
66% of the 1513 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.26 vs. FMER: 16.50 )
Ranked among companies with meaningful P/E(ttm) only.
FMER' s P/E(ttm) Range Over the Past 10 Years
Min: 9.06  Med: 15.21 Max: 32.53
Current: 16.5
9.06
32.53
Forward P/E 15.22
FMER's Forward P/E is ranked lower than
80% of the 369 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.63 vs. FMER: 15.22 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 16.50
FMER's PE(NRI) is ranked lower than
66% of the 1515 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.28 vs. FMER: 16.50 )
Ranked among companies with meaningful PE(NRI) only.
FMER' s PE(NRI) Range Over the Past 10 Years
Min: 9.09  Med: 15.25 Max: 32.53
Current: 16.5
9.09
32.53
Price/Owner Earnings (ttm) 17.14
FMER's Price/Owner Earnings (ttm) is ranked lower than
69% of the 859 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.81 vs. FMER: 17.14 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
FMER' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 7.34  Med: 13.76 Max: 53.71
Current: 17.14
7.34
53.71
P/B 1.22
FMER's P/B is ranked lower than
62% of the 1598 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.06 vs. FMER: 1.22 )
Ranked among companies with meaningful P/B only.
FMER' s P/B Range Over the Past 10 Years
Min: 0.73  Med: 1.33 Max: 2.36
Current: 1.22
0.73
2.36
P/S 3.56
FMER's P/S is ranked lower than
61% of the 1606 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.98 vs. FMER: 3.56 )
Ranked among companies with meaningful P/S only.
FMER' s P/S Range Over the Past 10 Years
Min: 1.6  Med: 2.94 Max: 4.31
Current: 3.56
1.6
4.31
PFCF 13.12
FMER's PFCF is ranked lower than
62% of the 817 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.68 vs. FMER: 13.12 )
Ranked among companies with meaningful PFCF only.
FMER' s PFCF Range Over the Past 10 Years
Min: 6.89  Med: 11.94 Max: 30.96
Current: 13.12
6.89
30.96
POCF 11.83
FMER's POCF is ranked lower than
63% of the 920 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.22 vs. FMER: 11.83 )
Ranked among companies with meaningful POCF only.
FMER' s POCF Range Over the Past 10 Years
Min: 6.11  Med: 10.37 Max: 21.18
Current: 11.83
6.11
21.18
EV-to-EBIT 12.80
FMER's EV-to-EBIT is ranked higher than
50% of the 1243 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.80 vs. FMER: 12.80 )
Ranked among companies with meaningful EV-to-EBIT only.
FMER' s EV-to-EBIT Range Over the Past 10 Years
Min: 6.7  Med: 12.3 Max: 23
Current: 12.8
6.7
23
EV-to-EBITDA 10.40
FMER's EV-to-EBITDA is ranked higher than
55% of the 1243 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.39 vs. FMER: 10.40 )
Ranked among companies with meaningful EV-to-EBITDA only.
FMER' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.8  Med: 10.4 Max: 19.4
Current: 10.4
5.8
19.4
PEG 1.85
FMER's PEG is ranked lower than
67% of the 740 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.19 vs. FMER: 1.85 )
Ranked among companies with meaningful PEG only.
FMER' s PEG Range Over the Past 10 Years
Min: 1  Med: 2.11 Max: 39.26
Current: 1.85
1
39.26
Shiller P/E 16.49
FMER's Shiller P/E is ranked higher than
56% of the 494 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 17.76 vs. FMER: 16.49 )
Ranked among companies with meaningful Shiller P/E only.
FMER' s Shiller P/E Range Over the Past 10 Years
Min: 7.27  Med: 12.53 Max: 17.58
Current: 16.49
7.27
17.58

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.15
FMER's Dividend Yield is ranked higher than
55% of the 2190 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.92 vs. FMER: 3.15 )
Ranked among companies with meaningful Dividend Yield only.
FMER' s Dividend Yield Range Over the Past 10 Years
Min: 2.62  Med: 4.01 Max: 8.99
Current: 3.15
2.62
8.99
Dividend Payout 0.52
FMER's Dividend Payout is ranked higher than
64% of the 1337 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.33 vs. FMER: 0.52 )
Ranked among companies with meaningful Dividend Payout only.
FMER' s Dividend Payout Range Over the Past 10 Years
Min: 0.43  Med: 0.57 Max: 11.85
Current: 0.52
0.43
11.85
Dividend Growth (3y) 1.00
FMER's Dividend Growth (3y) is ranked lower than
76% of the 734 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.50 vs. FMER: 1.00 )
Ranked among companies with meaningful Dividend Growth (3y) only.
FMER' s Dividend Growth (3y) Range Over the Past 10 Years
Min: -17.6  Med: 3.1 Max: 12.2
Current: 1
-17.6
12.2
Forward Dividend Yield 3.15
FMER's Forward Dividend Yield is ranked higher than
53% of the 2073 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.13 vs. FMER: 3.15 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 3.21
FMER's Yield on cost (5-Year) is ranked lower than
53% of the 2538 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.43 vs. FMER: 3.21 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
FMER' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 2.67  Med: 4.09 Max: 9.17
Current: 3.21
2.67
9.17
3-Year Average Share Buyback Ratio -14.80
FMER's 3-Year Average Share Buyback Ratio is ranked lower than
83% of the 1052 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.00 vs. FMER: -14.80 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
FMER' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -14.9  Med: -4.7 Max: 1.9
Current: -14.8
-14.9
1.9

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.67
FMER's Price/Tangible Book is ranked lower than
75% of the 1590 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.13 vs. FMER: 1.67 )
Ranked among companies with meaningful Price/Tangible Book only.
FMER' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.13  Med: 2.21 Max: 3.99
Current: 1.67
1.13
3.99
Price/Projected FCF 0.82
FMER's Price/Projected FCF is ranked lower than
66% of the 831 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.69 vs. FMER: 0.82 )
Ranked among companies with meaningful Price/Projected FCF only.
FMER' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.34  Med: 0.72 Max: 1.9
Current: 0.82
0.34
1.9
Price/Median PS Value 1.21
FMER's Price/Median PS Value is ranked lower than
71% of the 1494 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.04 vs. FMER: 1.21 )
Ranked among companies with meaningful Price/Median PS Value only.
FMER' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.59  Med: 1.13 Max: 1.83
Current: 1.21
0.59
1.83
Price/Peter Lynch Fair Value 1.93
FMER's Price/Peter Lynch Fair Value is ranked lower than
83% of the 385 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.95 vs. FMER: 1.93 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
FMER' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 0.79  Med: 1.82 Max: 3.5
Current: 1.93
0.79
3.5
Price/Graham Number 1.11
FMER's Price/Graham Number is ranked lower than
71% of the 1398 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.85 vs. FMER: 1.11 )
Ranked among companies with meaningful Price/Graham Number only.
FMER' s Price/Graham Number Range Over the Past 10 Years
Min: 0.73  Med: 1.27 Max: 2.88
Current: 1.11
0.73
2.88
Earnings Yield (Greenblatt) (%) 7.80
FMER's Earnings Yield (Greenblatt) (%) is ranked higher than
62% of the 1619 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.70 vs. FMER: 7.80 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FMER' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 4.3  Med: 8.2 Max: 14.8
Current: 7.8
4.3
14.8
Forward Rate of Return (Yacktman) (%) 15.50
FMER's Forward Rate of Return (Yacktman) (%) is ranked higher than
60% of the 853 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.66 vs. FMER: 15.50 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
FMER' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -0.1  Med: 11.3 Max: 21.4
Current: 15.5
-0.1
21.4

More Statistics

Revenue (TTM) (Mil) $1,011
EPS (TTM) $ 1.31
Short Percentage of Float2.30%
52-Week Range $15.33 - 23.15
Shares Outstanding (Mil)166.17

Analyst Estimate

Dec16 Dec17
Revenue (Mil $) 1,053 1,107
EPS ($) 1.42 1.53
EPS w/o NRI ($) 1.42 1.53
EPS Growth Rate
(3Y to 5Y Estimate)
6.40%
Dividends Per Share ($)
» More Articles for FMER

Headlines

Articles On GuruFocus.com
Small Bank Earnings Are Here: What to Watch Feb 02 2016 
Good Times Continue to Roll for Small Banks Jan 28 2016 
Professor Aswath Damodaran's Dividend Stocks Screen (Dividend Stocks 101 Series) Nov 08 2012 
Weekly Top Insider Buys: CHK, LKQ, AGCO, FMER, and NIHD Sep 24 2012 
Weekly Guru Bargains Highlights: ACI, GM, SID, FMER, NWL Aug 14 2011 
Weekly Top Insider Buys: FMER, ANN, JOSB, HI, CMTL Apr 10 2011 
Weekly Highlight of Top Insider Buys: NKE, LM, FMER, HI, CMTL Apr 05 2011 
Four Guru Stocks Hitting New Lows: CSCO, FMER, LFC, UEPS Feb 11 2011 
FirstMerit Corp. Reports Operating Results (10-Q) May 10 2010 
FirstMerit Corp. (FMER) Chrm., Pres. & CEO Paul G Greig sells 10,000 Shares Mar 02 2010 

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ETF’s with exposure to FirstMerit Corp. : August 4, 2016 Aug 04 2016
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FirstMerit Corp. :FMER-US: Earnings Analysis: Q2, 2016 By the Numbers : August 3, 2016 Aug 03 2016
FirstMerit Corp. breached its 50 day moving average in a Bearish Manner : FMER-US : August 2, 2016 Aug 02 2016
FIRSTMERIT CORP /OH/ Files SEC form 8-K, Other Events Aug 01 2016
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FirstMerit posts 2Q profit Jul 26 2016

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