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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 : 6/10

vs
industry
vs
history
Cash to Debt 1.75
FMER's Cash to Debt is ranked higher than
78% of the 1272 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.10 vs. FMER: 1.75 )
FMER' s 10-Year Cash to Debt Range
Min: 0.13   Max: No Debt
Current: 1.75

Equity to Asset 0.11
FMER's Equity to Asset is ranked higher than
71% of the 1588 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 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 4.73
FMER's Interest Coverage is ranked higher than
92% of the 1357 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.13 vs. FMER: 4.73 )
FMER' s 10-Year Interest Coverage Range
Min: 0.31   Max: 4.82
Current: 4.73

0.31
4.82
F-Score: 4
Z-Score: 0.24
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 : 6/10

vs
industry
vs
history
Operating margin (%) 26.51
FMER's Operating margin (%) is ranked higher than
69% of the 1462 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 30.05 vs. FMER: 26.51 )
FMER' s 10-Year Operating margin (%) Range
Min: 18.61   Max: 43
Current: 26.51

18.61
43
Net-margin (%) 18.72
FMER's Net-margin (%) is ranked higher than
69% of the 1570 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 20.57 vs. FMER: 18.72 )
FMER' s 10-Year Net-margin (%) Range
Min: 10.29   Max: 29.58
Current: 18.72

10.29
29.58
ROE (%) 6.80
FMER's ROE (%) is ranked higher than
68% of the 1554 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.99 vs. FMER: 6.80 )
FMER' s 10-Year ROE (%) Range
Min: 5.77   Max: 19.28
Current: 6.8

5.77
19.28
ROA (%) 0.77
FMER's ROA (%) is ranked higher than
72% of the 1563 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.75 vs. FMER: 0.77 )
FMER' s 10-Year ROA (%) Range
Min: 0.56   Max: 1.91
Current: 0.77

0.56
1.91
ROC (Joel Greenblatt) (%) 79.53
FMER's ROC (Joel Greenblatt) (%) is ranked higher than
74% of the 1437 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 78.30 vs. FMER: 79.53 )
FMER' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 60.08   Max: 191.21
Current: 79.53

60.08
191.21
Revenue Growth (%) -0.60
FMER's Revenue Growth (%) is ranked higher than
69% of the 1284 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.00 vs. FMER: -0.60 )
FMER' s 10-Year Revenue Growth (%) Range
Min: -2.9   Max: 7.5
Current: -0.6

-2.9
7.5
EBITDA Growth (%) 7.10
FMER's EBITDA Growth (%) is ranked higher than
72% of the 1124 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.20 vs. FMER: 7.10 )
FMER' s 10-Year EBITDA Growth (%) Range
Min: -11.1   Max: 16.4
Current: 7.1

-11.1
16.4
EPS Growth (%) 5.00
FMER's EPS Growth (%) is ranked higher than
68% of the 1103 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.50 vs. FMER: 5.00 )
FMER' s 10-Year EPS Growth (%) Range
Min: -12.3   Max: 28.2
Current: 5

-12.3
28.2
» FMER's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2013

FMER Guru Trades in Q1 2013

Chuck Royce 425,600 sh (New)
Joel Greenblatt 14,952 sh (New)
Mario Gabelli 26,637 sh (New)
John Keeley 2,544,934 sh (+18.66%)
RS Investment Management 1,320,240 sh (+1.79%)
Paul Tudor Jones Sold Out
Steven Cohen Sold Out
Louis Moore Bacon 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
Q2 2013

FMER Guru Trades in Q2 2013

Mario Gabelli 86,400 sh (+224.36%)
Ken Fisher 3,330,332 sh (+16.18%)
Chuck Royce 459,700 sh (+8.01%)
John Keeley 2,591,320 sh (+1.82%)
RS Investment Management 1,321,125 sh (+0.07%)
Jim Simons Sold Out
David Dreman 1,760,185 sh (-16.52%)
Joel Greenblatt 12,142 sh (-18.79%)
» More
Q3 2013

FMER Guru Trades in Q3 2013

Paul Tudor Jones 11,300 sh (New)
Mario Gabelli 106,400 sh (+23.15%)
Ken Fisher 3,485,242 sh (+4.65%)
RS Investment Management 1,327,725 sh (+0.5%)
Joel Greenblatt Sold Out
John Keeley 2,546,929 sh (-1.71%)
Chuck Royce 364,000 sh (-20.82%)
David Dreman 340,976 sh (-80.63%)
» More
Q4 2013

FMER Guru Trades in Q4 2013

Jim Simons 479,141 sh (New)
Steven Cohen 53,990 sh (New)
Paul Tudor Jones 39,608 sh (+250.51%)
David Dreman 354,240 sh (+3.89%)
RS Investment Management 1,321,480 sh (-0.47%)
Mario Gabelli 105,900 sh (-0.47%)
Ken Fisher 3,430,507 sh (-1.57%)
Chuck Royce 238,000 sh (-34.62%)
John Keeley 1,168,880 sh (-54.11%)
» 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 2013-12-31 Reduce -54.11%0.54%$21.49 - $23.36 $ 20.11-10%1168880
David Dreman 2013-09-30 Reduce -80.63%0.81%$20.35 - $23.24 $ 20.11-8%340976
Joel Greenblatt 2013-09-30 Sold Out 0.01%$20.35 - $23.24 $ 20.11-8%0
Mario Gabelli 2013-09-30 Add 23.15%$20.35 - $23.24 $ 20.11-8%106400
David Dreman 2013-06-30 Reduce -16.52%0.15%$15.69 - $20.35 $ 20.1113%1760185
Mario Gabelli 2013-06-30 Add 224.36%0.01%$15.69 - $20.35 $ 20.1113%86400
John Keeley 2013-03-31 Add 18.66%0.13%$14.19 - $16.54 $ 20.1131%2544934
Joel Greenblatt 2013-03-31 New Buy0.01%$14.19 - $16.54 $ 20.1131%14952
Mario Gabelli 2013-03-31 New Buy$14.19 - $16.54 $ 20.1131%26637
Mario Gabelli 2012-06-30 Sold Out 0.0012%$14.74 - $16.99 $ 20.1125%0
John Keeley 2012-03-31 Add 141.56%0.33%$15.45 - $17.29 $ 20.1131%1652515
Mario Gabelli 2012-03-31 Reduce -33.11%$15.45 - $17.29 $ 20.1131%10100
Ray Dalio 2011-12-31 Sold Out 0.01%$10.81 - $15.57 $ 20.1146%0
David Dreman 2011-09-30 Add 19.77%0.11%$10.31 - $17.11 $ 20.1149%2255661
Ray Dalio 2011-09-30 New Buy0.01%$10.31 - $17.11 $ 20.1150%58853
Premium More recent guru trades are included for Premium Members only!!
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Preferred stocks of Firstmerit Corp

SymbolPriceYieldDescription
FMERPRA0.006.27

Ratios

vs
industry
vs
history
P/E(ttm) 17.20
FMER's P/E(ttm) is ranked higher than
56% of the 1451 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.60 vs. FMER: 17.20 )
FMER' s 10-Year P/E(ttm) Range
Min: 9.1   Max: 29.68
Current: 17.2

9.1
29.68
P/B 1.20
FMER's P/B is ranked higher than
56% of the 1479 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.10 vs. FMER: 1.20 )
FMER' s 10-Year P/B Range
Min: 0.73   Max: 2.45
Current: 1.2

0.73
2.45
P/S 3.08
FMER's P/S is ranked higher than
51% of the 1638 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.80 vs. FMER: 3.08 )
FMER' s 10-Year P/S Range
Min: 1.63   Max: 4.62
Current: 3.08

1.63
4.62
PFCF 20.90
FMER's PFCF is ranked lower than
73% of the 940 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.90 vs. FMER: 20.90 )
FMER' s 10-Year PFCF Range
Min: 1.53   Max: 30.21
Current: 20.9

1.53
30.21
EV-to-EBIT 15.20
FMER's EV-to-EBIT is ranked higher than
67% of the 1447 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.51 vs. FMER: 15.20 )
FMER' s 10-Year EV-to-EBIT Range
Min: 6.7   Max: 23.9
Current: 15.2

6.7
23.9
PEG 2.20
FMER's PEG is ranked higher than
50% of the 848 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.00 vs. FMER: 2.20 )
FMER' s 10-Year PEG Range
Min: 1.12   Max: 43.06
Current: 2.2

1.12
43.06
Shiller P/E 16.60
FMER's Shiller P/E is ranked higher than
68% of the 841 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 16.71 vs. FMER: 16.60 )
FMER' s 10-Year Shiller P/E Range
Min: 8.11   Max: 18.99
Current: 16.6

8.11
18.99

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.18
FMER's Dividend Yield is ranked higher than
71% of the 1312 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.40 vs. FMER: 3.18 )
FMER' s 10-Year Dividend Yield Range
Min: 2.62   Max: 8.99
Current: 3.18

2.62
8.99
Dividend Payout 0.54
FMER's Dividend Payout is ranked lower than
57% of the 1147 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.31 vs. FMER: 0.54 )
FMER' s 10-Year Dividend Payout Range
Min: 0.44   Max: 1.09
Current: 0.54

0.44
1.09
Yield on cost (5-Year) 2.68
FMER's Yield on cost (5-Year) is ranked higher than
55% of the 1327 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.66 vs. FMER: 2.68 )
FMER' s 10-Year Yield on cost (5-Year) Range
Min: 2.19   Max: 7.52
Current: 2.68

2.19
7.52
Share Buyback Rate -14.10
FMER's Share Buyback Rate is ranked higher than
53% of the 1170 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.70 vs. FMER: -14.10 )
FMER' s 10-Year Share Buyback Rate Range
Min: 2.3   Max: -16.4
Current: -14.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.90
FMER's Price/Tangible Book is ranked lower than
55% of the 1380 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.20 vs. FMER: 1.90 )
FMER' s 10-Year Price/Tangible Book Range
Min: 1.32   Max: 4.08
Current: 1.9

1.32
4.08
Price/DCF (Projected) 1.00
FMER's Price/DCF (Projected) is ranked lower than
57% of the 902 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.60 vs. FMER: 1.00 )
FMER' s 10-Year Price/DCF (Projected) Range
Min: 0.4   Max: 1.52
Current: 1

0.4
1.52
Price/Median PS Value 1.00
FMER's Price/Median PS Value is ranked higher than
71% of the 1493 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.00 vs. FMER: 1.00 )
FMER' s 10-Year Price/Median PS Value Range
Min: 0.72   Max: 1.75
Current: 1

0.72
1.75
Price/Graham Number 1.20
FMER's Price/Graham Number is ranked lower than
55% of the 1365 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.90 vs. FMER: 1.20 )
FMER' s 10-Year Price/Graham Number Range
Min: 0.83   Max: 1.96
Current: 1.2

0.83
1.96
Earnings Yield (Greenblatt) 6.60
FMER's Earnings Yield (Greenblatt) is ranked higher than
71% of the 1411 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.40 vs. FMER: 6.60 )
FMER' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.2   Max: 14.8
Current: 6.6

4.2
14.8
Forward Rate of Return (Yacktman) 8.55
FMER's Forward Rate of Return (Yacktman) is ranked higher than
63% of the 1102 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.77 vs. FMER: 8.55 )
FMER' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 1.3   Max: 34.8
Current: 8.55

1.3
34.8

Business Description

Industry: Banks » Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR » details
Traded in other countries:FE5.Germany
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. 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.

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