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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 : 4/10

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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 : 3/10

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» FMER's 10-Y Financials

Financials (Next Earnings Date: 0)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

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)
Joel Greenblatt Sold Out
David Dreman 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%)
RS Investment Management Sold Out
Barrow, Hanley, Mewhinney & Strauss 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
Q3 2016

FMER Guru Trades in Q3 2016

Paul Tudor Jones Sold Out
Jim Simons Sold Out
Mario Gabelli 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:UMBF, NAS:MBFI, NAS:HOMB, NYSE:BOH, NAS:WTFC, NYSE:BKU, NAS:TCBI, NYSE:ASB, NAS:CHFC, NAS:UMPQ, NAS:UBSI, NAS:FULT, NAS:PNFP, NYSE:STL, NAS:HBHC, NAS:IBKC, NYSE:VLY, OTCPK:FCNCB, NAS:CATY, NAS:FHB » details
Traded in other countries:FE5.Germany,
Headquarter Location:USA
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.

Top Ranked Articles about FirstMerit Corp

Huntington, FirstMerit Shareholders Approve Merger of FirstMerit Into Huntington
AKRON, OH and COLUMBUS, OH--(Marketwired - June 13, 2016) - FirstMerit Corporation (NASDAQ: FMER) (www.firstmerit.com) and Huntington Bancshares Incorporated (NASDAQ: HBAN) (www.huntington.com) announced today that each company's shareholders have approved the proposed merger of FirstMerit into Huntington during special meetings held today in Akron by FirstMerit and in Columbus by Huntington. "Today marks an important milestone as we continue to proceed smoothly with the merger process of combining Huntington and FirstMerit," said Stephen D. Steinour, chairman, president and CEO of Huntington. "I am delighted that Huntington shareholders reacted positively to the opportunity that this partnership creates for the future combined company, and am looking forward to FirstMerit shareholders becoming Huntington shareholders when the merger is complete.""We are pleased that our shareholders overwhelmingly support the merger with Huntington and what it means for the markets we serve," said Paul G. Greig, chairman, president and CEO of FirstMerit. "I look forward to working with Huntington as our two companies combine the best of both organizations to create a stronger, market-leading regional bank for our customers and employees."Huntington and FirstMerit currently anticipate completing the merger within the third quarter following receipt of regulatory approval and satisfaction of customary closing conditions.About Huntington
Huntington Bancshares Incorporated is a $73 billion asset regional bank holding company headquartered in Columbus, Ohio, with a network of more than 750 branches and more than 1,500 ATMs across six Midwestern states. Founded in 1866, The Huntington National Bank and its affiliates provide consumer, small business, commercial, treasury management, wealth management, brokerage, trust, and insurance services. Huntington also provides auto dealer, equipment finance, national settlement and capital market services that extend beyond its core states. Visit huntington.com for more information.About FirstMerit
FirstMerit Corporation is a diversified financial services company headquartered in Akron, Ohio, with assets of approximately $26.1 billion as of March 31, 2016, and 368 banking offices and 400 ATM locations in Ohio, Michigan, Wisconsin, Illinois and Pennsylvania. FirstMerit provides a complete range of banking and other financial services to consumers and businesses through its core operations. Principal affiliates include: FirstMerit Bank, N.A. and FirstMerit Mortgage Corporation.Caution regarding Forward-Looking Statements
This communication may contain certain forward-looking statements, including certain plans, expectations, goals, projections, and statements about the benefits of the proposed transaction, the merger parties' plans, objectives, expectations and intentions, the expected timing of completion of the transaction, and other statements that are not historical facts. Such statements are subject to numerous assumptions, risks, and uncertainties. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements may be identified by words such as expect, anticipate, believe, intend, estimate, plan, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: changes in general economic, political, or industry conditions, uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Federal Reserve Board, volatility and disruptions in global capital and credit markets; movements in interest rates; competitive pressures on product pricing and services; success, impact, and timing of Huntington's and FirstMerit's respective business strategies, including market acceptance of any new products or services implementing Huntington's "Fair Play" banking philosophy; the nature, extent, timing, and results of governmental actions, examinations, reviews, reforms, regulations, and interpretations, including those related to the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Basel III regulatory capital reforms, as well as those involving the OCC, Federal Reserve, FDIC, and CFPB, and the regulatory approval process associated with the merger; the possibility that the proposed transaction does not close when expected or at all because required regulatory or other approvals are not received or other conditions to the closing are not satisfied on a timely basis or at all; the possibility that the anticipated benefits of the transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where Huntington and FirstMerit do business; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management's attention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the transaction; Huntington's ability to complete the acquisition and integration of FirstMerit successfully; and other factors that may affect future results of Huntington and FirstMerit. Additional factors that could cause results to differ materially from those described above can be found in Huntington's Annual Report on Form 10-K for the year ended December 31, 2015 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2016, each of which is on file with the Securities and Exchange Commission (the "SEC") and available in the "Investor Relations" section of Huntington's website, http://www.huntington.com, under the heading "Publications and Filings" and in other documents Huntington files with the SEC, and in FirstMerit's Annual Report on Form 10-K for the year ended December 31, 2015 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2016, each of which is on file with the SEC and available in the "Investors" section of FirstMerit's website, http://www.firstmerit.com, under the heading "Publications & Filings" and in other documents FirstMerit files with the SEC.All forward-looking statements speak only as of the date they are made and are based on information available at that time. Neither Huntington nor FirstMerit assumes any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.
Investor Relations contact:
Mark Muth
[email protected]
614.480.4720

Media contact:
Brent Wilder
[email protected]
614.480.5875



Read more...

Ratios

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Dividend & Buy Back

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Dividend Yield % 3.15
FMER's Dividend Yield % is ranked higher than
58% of the 2319 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.69 vs. FMER: 3.15 )
Ranked among companies with meaningful Dividend Yield % only.
FMER' s Dividend Yield % Range Over the Past 10 Years
Min: 0  Med: 0 Max: 3.15
Current: 3.15
0
3.15
Dividend Payout Ratio 0.52
FMER's Dividend Payout Ratio is ranked higher than
65% of the 1315 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.33 vs. FMER: 0.52 )
Ranked among companies with meaningful Dividend Payout Ratio only.
FMER' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0.52
Current: 0.52
0
0.52
Forward Dividend Yield % 3.15
FMER's Forward Dividend Yield % is ranked higher than
57% of the 2248 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.73 vs. FMER: 3.15 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 3.15
FMER's 5-Year Yield-on-Cost % is ranked lower than
51% of the 2649 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.31 vs. FMER: 3.15 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
FMER' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0
Current: 3.15

Valuation & Return

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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 without NRI ($) 1.42 1.53
EPS Growth Rate
(Future 3Y To 5Y Estimate)
6.40%
Dividends per Share ($)
» More Articles for FMER

Headlines

Articles On GuruFocus.com
Huntington, FirstMerit Shareholders Approve Merger of FirstMerit Into Huntington Jun 13 2016 
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 

More From Other Websites
Here’s Huntington bank’s 5 highest-paid executives Mar 20 2017
Huntington Bank reports 19% profit spike as FirstMerit is integrated Jan 25 2017
Huntington (HBAN) Beats on Q4 Earnings; Revenue Up Y/Y Jan 25 2017
FirstMerit Corp. breached its 50 day moving average in a Bearish Manner : FMER-US : August 17, 2016 Aug 17 2016
Huntington Bancshares (HBAN) Closes FirstMerit Acquisition Aug 17 2016
FirstMerit Bank, N.A. -- Moody's downgrades FirstMerit (senior to Baa1) following acquisition by... Aug 16 2016
Dycom Industries to Join S&P MidCap 400; Patrick Industries to Join S&P SmallCap 600 Aug 16 2016
ETF’s with exposure to FirstMerit Corp. : August 4, 2016 Aug 04 2016
FirstMerit Corp. :FMER-US: Earnings Analysis: Q2, 2016 By the Numbers : August 3, 2016 Aug 03 2016
FirstMerit, Huntington Announce Buyer in Pending Divestiture of 13 FirstMerit Canton, Ashtabula-Area... Jul 27 2016
FirstMerit Reports Second Quarter 2016 EPS of $0.34 Per Share Jul 26 2016
FirstMerit Announces Date of Its 2016 Second Quarter Earnings Release Jul 19 2016

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