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19.54 (1y: +24%)
Market Cap 3.17 B P/E(ttm) 15.40
Enterprise Value 3.66 B P/B 1.30
FMER- NAS (USA)
Firstmerit Corp
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$19.54
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GuruFocus Financial Strength Rank measures how strong a companyย’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 : 6/10

vs
industry		 vs
history
Cash to Debt 1.885
FMER's Cash to Debt is ranked higher than
79% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.42 vs. FMER: 1.885 )
FMER' s 10-Year Cash to Debt Range
Min: 0.13   Max: No Debt
Current: 1.89
Equity to Asset 0.11
FMER's Equity to Asset is ranked higher than
74% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.09 vs. FMER: 0.11 )
FMER' s 10-Year Equity to Asset Range
Min: 0.08   Max: 0.11
Current: 0.11
0.08
0.11
Interest Coverage No Debt
FMER's Interest Coverage is ranked higher than
62% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10000.00 vs. FMER: No Debt )
FMER' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
F-Score: 4
Z-Score: 0.44
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’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.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

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 (%) 26.90
FMER's Operating margin (%) is ranked higher than
73% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 21.80 vs. FMER: 26.90 )
FMER' s 10-Year Operating margin (%) Range
Min: 19.3   Max: 43
Current: 26.9
19.3
43
Net-margin (%) 19.3
FMER's Net-margin (%) is ranked higher than
72% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.70 vs. FMER: 19.3 )
FMER' s 10-Year Net-margin (%) Range
Min: 14.7   Max: 29.6
Current: 19.3
14.7
29.6
ROE (%) 8.2
FMER's ROE (%) is ranked higher than
77% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.20 vs. FMER: 8.2 )
FMER' s 10-Year ROE (%) Range
Min: 6.8   Max: 17.5
Current: 8.2
6.8
17.5
ROA (%) 0.9
FMER's ROA (%) is ranked higher than
77% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.50 vs. FMER: 0.9 )
FMER' s 10-Year ROA (%) Range
Min: 0.7   Max: 1.6
Current: 0.9
0.7
1.6
Revenue Growth (%) -1
FMER's Revenue Growth (%) is ranked higher than
51% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. FMER: -1 )
FMER' s 10-Year Revenue Growth (%) Range
Min: -2.5   Max: 4.9
Current: -1
-2.5
4.9
EBITDA Growth (%) 6.5
FMER's EBITDA Growth (%) is ranked higher than
83% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. FMER: 6.5 )
FMER' s 10-Year EBITDA Growth (%) Range
Min: -8.5   Max: 6.5
Current: 6.5
-8.5
6.5
EPS Growth (%) 7.9
FMER's EPS Growth (%) is ranked higher than
83% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. FMER: 7.9 )
FMER' s 10-Year EPS Growth (%) Range
Min: -9.3   Max: 8.4
Current: 7.9
-9.3
8.4
ยป FMER's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

FMER Guru Trades in Q2 2012

John Keeley 1,912,507 sh (+15.73%)
David Dreman 1,994,691 sh (+0.3%)
Mario Gabelli Sold Out
Ken Fisher 3,354,026 sh (-2.03%)
» More
Q3 2012

FMER Guru Trades in Q3 2012

Paul Tudor Jones 51,200 sh (New)
Steven Cohen 31,354 sh (New)
John Keeley 2,024,838 sh (+5.87%)
David Dreman 1,943,431 sh (-2.57%)
Ken Fisher 3,077,636 sh (-8.24%)
» More
Q4 2012

FMER Guru Trades in Q4 2012

RS Investment Management 1,296,970 sh (New)
Jim Simons 772,894 sh (New)
Louis Moore Bacon 75,000 sh (New)
Steven Cohen 128,100 sh (+308.56%)
David Dreman 2,132,887 sh (+9.75%)
John Keeley 2,144,688 sh (+5.92%)
Ken Fisher 2,885,580 sh (-6.24%)
Paul Tudor Jones 29,100 sh (-43.16%)
» More
Q1 2013

FMER Guru Trades in Q1 2013

Mario Gabelli 26,637 sh (New)
Joel Greenblatt 14,952 sh (New)
Chuck Royce 425,600 sh (New)
John Keeley 2,544,934 sh (+18.66%)
RS Investment Management 1,320,240 sh (+1.79%)
Louis Moore Bacon Sold Out
Paul Tudor Jones Sold Out
Steven Cohen Sold Out
Ken Fisher 2,866,425 sh (-0.66%)
David Dreman 2,108,479 sh (-1.14%)
Jim Simons 21,694 sh (-97.19%)
» More
» Details

Insider Trades

Latest Guru Trades with FMER

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Keeley 2013-03-31 Add 18.66%0.13%$14.19 - $16.54 $ 19.5427%2544934
Joel Greenblatt 2013-03-31 New Buy0.01%$14.19 - $16.54 $ 19.5427%14952
Mario Gabelli 2013-03-31 New Buy$14.19 - $16.54 $ 19.5427%26637
Mario Gabelli 2012-06-30 Sold Out 0.0012%$14.74 - $16.99 $ 19.5421%0
John Keeley 2012-03-31 Add 141.56%0.33%$15.45 - $17.29 $ 19.5428%1652515
Mario Gabelli 2012-03-31 Reduce -33.11%$15.45 - $17.29 $ 19.5428%10100
Ray Dalio 2011-12-31 Sold Out 0.01%$10.81 - $15.57 $ 19.5442%0
David Dreman 2011-09-30 Add 19.77%0.11%$10.31 - $17.11 $ 19.5445%2255661
Ray Dalio 2011-09-30 New Buy0.01%$10.31 - $17.11 $ 19.5446%58853
George Soros 2010-12-31 Sold Out $16.85 - $20.13 $ 19.546%0
Mario Gabelli 2010-09-30 New Buy$16.73 - $19.98 $ 19.548%26400
George Soros 2010-09-30 New Buy$16.73 - $19.98 $ 19.548%10900
David Dreman 2010-06-30 Add 16.36%0.1%$17.43 - $24.4 $ 19.54-4%1542593
John Keeley 2010-03-31 Reduce -20.62%0.06%$19.82 - $22.98 $ 19.54-7%948323
Premium More recent guru trades are included for Premium Members only!!
ยป Financial Charts

Peter Lynch Chart

Ratios

vs
industry		 vs
history
P/E(ttm) 15.40
FMER's P/E(ttm) is ranked higher than
56% of the 1248 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.60 vs. FMER: 15.40 )
FMER' s 10-Year P/E(ttm) Range
Min: 7.99   Max: 31.32
Current: 15.4
7.99
31.32
P/B 1.30
FMER's P/B is ranked lower than
52% of the 1347 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.97 vs. FMER: 1.30 )
FMER' s 10-Year P/B Range
Min: 0.73   Max: 2.73
Current: 1.3
0.73
2.73
P/S 3.00
FMER's P/S is ranked higher than
54% of the 1433 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.33 vs. FMER: 3.00 )
FMER' s 10-Year P/S Range
Min: 1.63   Max: 4.62
Current: 3
1.63
4.62
PFCF 11.70
FMER's PFCF is ranked lower than
52% of the 1087 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.38 vs. FMER: 11.70 )
FMER' s 10-Year PFCF Range
Min: 1.32   Max: 1337
Current: 11.7
1.32
1337
EV-to-EBIT 19.2
FMER's EV-to-EBIT is ranked higher than
55% of the 1102 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.26 vs. FMER: 19.2 )
FMER' s 10-Year EV-to-EBIT Range
Min: 4.2   Max: 22.5
Current: 19.2
4.2
22.5
Shiller P/E 15.6
FMER's Shiller P/E is ranked lower than
100% of the Companies
in the Global Banks - Regional - US industry.

( Industry Median: vs. FMER: 15.6 )
FMER' s 10-Year Shiller P/E Range
Min: 8.17   Max: 17.68
Current: 15.6
8.17
17.68

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 3.30
FMER's Dividend Yield is ranked higher than
80% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.69 vs. FMER: 3.30 )
FMER' s 10-Year Dividend Yield Range
Min: 2.62   Max: 8.99
Current: 3.3
2.62
8.99
Dividend Payout 0.5011
FMER's Dividend Payout is ranked lower than
53% of the 951 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.30 vs. FMER: 0.5011 )
FMER' s 10-Year Dividend Payout Range
Min: 0.48   Max: 0.97
Current: 0.5
0.48
0.97
Dividend growth (3y) -4.4
FMER's Dividend growth (3y) is ranked higher than
77% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. FMER: -4.4 )
FMER' s 10-Year Dividend growth (3y) Range
Min: -13.5   Max: 6.6
Current: -4.4
-13.5
6.6
Yield on cost (5-Year) 1.69
FMER's Yield on cost (5-Year) is ranked higher than
79% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.26 vs. FMER: 1.69 )
FMER' s 10-Year Yield on cost (5-Year) Range
Min: 1.34   Max: 4.61
Current: 1.69
1.34
4.61
Share Buyback Rate -6.6
FMER's Share Buyback Rate is ranked higher than
85% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -0.20 vs. FMER: -6.6 )
FMER' s 10-Year Share Buyback Rate Range
Min: 1.7   Max: -7.4
Current: -6.6

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 6
FMER's Price/Net Current Asset Value is ranked higher than
80% of the 356 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.20 vs. FMER: 6 )
FMER' s 10-Year Price/Net Current Asset Value Range
Min: 4.4   Max: 11.5
Current: 6
4.4
11.5
Price/Tangible Book 1.8
FMER's Price/Tangible Book is ranked lower than
57% of the 1191 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.10 vs. FMER: 1.8 )
FMER' s 10-Year Price/Tangible Book Range
Min: 1.3   Max: 3
Current: 1.8
1.3
3
Price/DCF (Projected) 0.8
FMER's Price/DCF (Projected) is ranked lower than
54% of the 679 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.60 vs. FMER: 0.8 )
FMER' s 10-Year Price/DCF (Projected) Range
Min: 0.4   Max: 0.8
Current: 0.8
0.4
0.8
Price/Median PS Value 1
FMER's Price/Median PS Value is ranked higher than
73% of the 1268 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.00 vs. FMER: 1 )
FMER' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 1.4
Current: 1
0.7
1.4
Price/Graham Number 1.1
FMER's Price/Graham Number is ranked lower than
57% of the 1094 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.80 vs. FMER: 1.1 )
FMER' s 10-Year Price/Graham Number Range
Min: 0.8   Max: 1.7
Current: 1.1
0.8
1.7
Earnings Yield (Greenblatt) 5.20
FMER's Earnings Yield (Greenblatt) is ranked higher than
71% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.10 vs. FMER: 5.20 )
FMER' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.4   Max: 23.8
Current: 5.2
4.4
23.8
Forward Rate of Return (Yacktman) 2.71
FMER's Forward Rate of Return (Yacktman) is ranked higher than
70% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. FMER: 2.71 )
FMER' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 1.8   Max: 26.5
Current: 2.71
1.8
26.5

Business Description

FirstMerit Corp is a bank holding company organized in 1981 under the laws of the State of Ohio and registered under the Bank Holding Company Act of 1956, which operates a network of around 206 full service banking offices and 214 automated teller machines. Through its subsidiaries, the Company operates mainly as a line of business banking organization, providing a wide range of banking, fiduciary, financial, insurance and investment services to corporate, institutional and individual customers throughout northern and central Ohio, and western Pennsylvania. FirstMerit's banking subsidiary is FirstMerit Bank. Its principal business consists of owning and supervising its affiliates. The Company's non-banking direct and indirect subsidiaries provide insurance sales services, credit life, credit accident and health insurance, securities brokerage services, equipment lease financing and other financial services. Bank subsidiaries FirstMerit Securities, Inc. and FirstMerit Financial Services, Inc. provide investment securities and annuities to customers. Securities trading has been a brokered program in conjunction with third-party providers since 1999; beginning January 14, 2010 FirstMerit is internalizing broker dealer services through the new FirstMerit Financial Services subsidiary, which will allow investment services and solutions to be provided locally while building operational efficiencies. In addition, FirstMerit Advisors, Inc. provides certain financial planning services to customers of FirstMerit Bank and other FirstMerit subsidiaries. The financial services industry remains competitive. FirstMerit and its subsidiaries compete 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, brokerage institutions, money market funds and insurance companies. FirstMerit, its national banking subsidiary FirstMerit Bank, and many of its nonbanking subsidiaries are subject to extensive regulation by federal and state agencies. its financial institution competitors in FirstMerit's primary markets include PNC Financial Services Group, Inc., KeyCorp, Huntington Bancshares, Inc., Fifth Third Bancorp, U.S. Bancorp, Harris Bankcorp, Inc., MB Financial, Inc., Private Bancorp, Inc., Wintrust Financial Corporation, JP Morgan Chase & Co., and Wells Fargo & Company.
Company Website
SEC Reports
Industry: Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR
Traded in other countries:FE5.Germany
ยป More Articles for FMER

Headlines

Articles On GuruFocus.com
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 
insiders Sep 17 2011 
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 
John Keeley Buys W.R. Grace & Co., American Water Works Company Inc, Bemis Company Inc., Encana Corp Feb 19 2010 

More From Our Partners
UPDATE: D.A. Davidson Initiates FirstMerit at Neutral on Mixed Factors Jun 14 2013 - BENZINGA

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