Switch to:

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 0.50
FRME's Cash to Debt is ranked higher than
63% of the 1254 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.36 vs. FRME: 0.50 )
FRME' s 10-Year Cash to Debt Range
Min: 0.15   Max: 1.97
Current: 0.5

0.15
1.97
Equity to Asset 0.12
FRME's Equity to Asset is ranked higher than
83% of the 1643 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.09 vs. FRME: 0.12 )
FRME' s 10-Year Equity to Asset Range
Min: 0.08   Max: 0.13
Current: 0.12

0.08
0.13
Interest Coverage 3.57
FRME's Interest Coverage is ranked higher than
86% of the 1455 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.21 vs. FRME: 3.57 )
FRME' s 10-Year Interest Coverage Range
Min: 0.06   Max: 3.57
Current: 3.57

0.06
3.57
F-Score: 5
Z-Score: 0.22
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 (%) 28.32
FRME's Operating margin (%) is ranked higher than
73% of the 1599 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 29.41 vs. FRME: 28.32 )
FRME' s 10-Year Operating margin (%) Range
Min: -33.82   Max: 44.29
Current: 28.32

-33.82
44.29
Net-margin (%) 21.30
FRME's Net-margin (%) is ranked higher than
74% of the 1618 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 21.45 vs. FRME: 21.30 )
FRME' s 10-Year Net-margin (%) Range
Min: -19.93   Max: 29
Current: 21.3

-19.93
29
ROE (%) 7.01
FRME's ROE (%) is ranked higher than
70% of the 1620 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.17 vs. FRME: 7.01 )
FRME' s 10-Year ROE (%) Range
Min: -8.79   Max: 15.12
Current: 7.01

-8.79
15.12
ROA (%) 0.82
FRME's ROA (%) is ranked higher than
75% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.75 vs. FRME: 0.82 )
FRME' s 10-Year ROA (%) Range
Min: -0.91   Max: 1.62
Current: 0.82

-0.91
1.62
ROC (Joel Greenblatt) (%) 79.52
FRME's ROC (Joel Greenblatt) (%) is ranked higher than
76% of the 1574 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 73.99 vs. FRME: 79.52 )
FRME' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -123.98   Max: 163.64
Current: 79.52

-123.98
163.64
Revenue Growth (%) -3.70
FRME's Revenue Growth (%) is ranked higher than
63% of the 1437 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.00 vs. FRME: -3.70 )
FRME' s 10-Year Revenue Growth (%) Range
Min: -8.1   Max: 14.3
Current: -3.7

-8.1
14.3
EBITDA Growth (%) 79.20
FRME's EBITDA Growth (%) is ranked higher than
99% of the 1277 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.50 vs. FRME: 79.20 )
FRME' s 10-Year EBITDA Growth (%) Range
Min: -47.7   Max: 79.2
Current: 79.2

-47.7
79.2
EPS Growth (%) 42.90
FRME's EPS Growth (%) is ranked higher than
94% of the 1280 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.80 vs. FRME: 42.90 )
FRME' s 10-Year EPS Growth (%) Range
Min: -34.8   Max: 42.9
Current: 42.9

-34.8
42.9
» FRME's 10-Y Financials

Financials


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

» Details

Guru Trades

Q2 2013

FRME Guru Trades in Q2 2013

Jim Simons 214,780 sh (+70.46%)
» More
Q3 2013

FRME Guru Trades in Q3 2013

Jim Simons 310,280 sh (+44.46%)
» More
Q4 2013

FRME Guru Trades in Q4 2013

Jim Simons 588,429 sh (+89.64%)
» More
Q1 2014

FRME Guru Trades in Q1 2014

Jim Simons 538,835 sh (-8.43%)
» More
» Details

Insider Trades

Latest Guru Trades with FRME



No Insider Trades Found!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 14.20
FRME's P/E(ttm) is ranked higher than
76% of the 1834 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.40 vs. FRME: 14.20 )
FRME' s 10-Year P/E(ttm) Range
Min: 8.8   Max: 42.71
Current: 14.2

8.8
42.71
P/B 1.10
FRME's P/B is ranked higher than
73% of the 1834 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.15 vs. FRME: 1.10 )
FRME' s 10-Year P/B Range
Min: 0.32   Max: 1.68
Current: 1.1

0.32
1.68
P/S 2.97
FRME's P/S is ranked higher than
73% of the 1834 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.10 vs. FRME: 2.97 )
FRME' s 10-Year P/S Range
Min: 0.57   Max: 3.76
Current: 2.97

0.57
3.76
PFCF 3.60
FRME's PFCF is ranked higher than
90% of the 1834 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 28.86 vs. FRME: 3.60 )
FRME' s 10-Year PFCF Range
Min: 1.89   Max: 16.87
Current: 3.6

1.89
16.87
EV-to-EBIT 14.44
FRME's EV-to-EBIT is ranked higher than
77% of the 1834 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 18.41 vs. FRME: 14.44 )
FRME' s 10-Year EV-to-EBIT Range
Min: 8.9   Max: 150.5
Current: 14.44

8.9
150.5
Shiller P/E 48.50
FRME's Shiller P/E is ranked higher than
75% of the 1834 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 140.07 vs. FRME: 48.50 )
FRME' s 10-Year Shiller P/E Range
Min: 4.82   Max: 53.53
Current: 48.5

4.82
53.53

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.14
FRME's Dividend Yield is ranked lower than
79% of the 1402 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.45 vs. FRME: 1.14 )
FRME' s 10-Year Dividend Yield Range
Min: 0.31   Max: 11.86
Current: 1.14

0.31
11.86
Dividend Payout 0.14
FRME's Dividend Payout is ranked higher than
98% of the 1834 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9999.00 vs. FRME: 0.14 )
FRME' s 10-Year Dividend Payout Range
Min: -0.04   Max: 19.17
Current: 0.14

-0.04
19.17
Dividend growth (3y) 73.80
FRME's Dividend growth (3y) is ranked higher than
97% of the 956 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.60 vs. FRME: 73.80 )
FRME' s 10-Year Dividend growth (3y) Range
Min: -64.8   Max: 73.8
Current: 73.8

-64.8
73.8
Yield on cost (5-Year) 0.78
FRME's Yield on cost (5-Year) is ranked lower than
84% of the 1356 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.64 vs. FRME: 0.78 )
FRME' s 10-Year Yield on cost (5-Year) Range
Min: 0.22   Max: 8.38
Current: 0.78

0.22
8.38
Share Buyback Rate -6.80
FRME's Share Buyback Rate is ranked higher than
61% of the 1237 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.00 vs. FRME: -6.80 )
FRME' s 10-Year Share Buyback Rate Range
Min: 1.7   Max: -16.8
Current: -6.8

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.60
FRME's Price/Tangible Book is ranked higher than
65% of the 1834 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.35 vs. FRME: 1.60 )
FRME' s 10-Year Price/Tangible Book Range
Min: 0.54   Max: 3.64
Current: 1.6

0.54
3.64
Price/DCF (Projected) 0.60
FRME's Price/DCF (Projected) is ranked higher than
86% of the 1834 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.56 vs. FRME: 0.60 )
FRME' s 10-Year Price/DCF (Projected) Range
Min: 0.17   Max: 1.1
Current: 0.6

0.17
1.1
Price/Median PS Value 1.20
FRME's Price/Median PS Value is ranked higher than
68% of the 1834 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.11 vs. FRME: 1.20 )
FRME' s 10-Year Price/Median PS Value Range
Min: 0.24   Max: 2.41
Current: 1.2

0.24
2.41
Price/Graham Number 1.10
FRME's Price/Graham Number is ranked higher than
70% of the 1834 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.06 vs. FRME: 1.10 )
FRME' s 10-Year Price/Graham Number Range
Min: 0.48   Max: 2.08
Current: 1.1

0.48
2.08
Earnings Yield (Greenblatt) 6.80
FRME's Earnings Yield (Greenblatt) is ranked higher than
70% of the 1581 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.90 vs. FRME: 6.80 )
FRME' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 11.2
Current: 6.8

0.7
11.2
Forward Rate of Return (Yacktman) 9.90
FRME's Forward Rate of Return (Yacktman) is ranked higher than
66% of the 1259 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.45 vs. FRME: 9.90 )
FRME' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 5.7   Max: 32.4
Current: 9.9

5.7
32.4

Business Description

Industry: Banks » Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR » details
First Merchants Corp is a financial holding company, headquartered in Muncie, Indiana whose main activity is the ownership and management of the banks. The Company operates in a single business segment, which is community banking. It offers financial services, including accepting time, savings and demand deposits; making consumer, commercial, agri-business and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services; providing full-service brokerage; and providing other corporate services, letters of credit and repurchase agreements. Through various non-bank subsidiaries, the company also offers personal and commercial lines of insurance and the reinsurance of credit life, accident, and health insurance. The bank subsidiaries of the company include: First Merchants Bank, National Association in Delaware, Hamilton, Marion, Henry, Randolph, Union, Fayette, Wayne, Butler (OH), Jay, Adams, Wabash, Howard and Miami counties; First Merchants Bank of Central Indiana, National Association in Madison County; Lafayette Bank and Trust Company, National Association, in Tippecanoe, Carroll, Jasper, and White counties; Commerce National Bank in Franklin and Hamilton counties in Ohio; and Lincoln Bank in Brown, Clinton, Hamilton, Hendricks, Johnson, Montgomery and Morgan counties. The Company operates First Merchants Trust Company, National Association, and a trust and asset management services company. It also operates First Merchants Insurance Services, Inc., a full-service property, casualty, personal lines, and employee benefit insurance agency headquartered in Muncie, Indiana. In addition, the Company operates First Merchants Reinsurance Co. Ltd., a small life reinsurance company whose main business includes short-duration contracts of credit life and accidental and health insurance policies and debt cancellation contracts. Such policies and contracts are purchased by the company's bank customers to cover the amount of debt incurred by the insured. The Company's main market areas for lending are central, north-central and east-central Indiana and Columbus, Ohio.
» More Articles for FRME

Headlines

Articles On GuruFocus.com
First Merchants Corporation Announces 2008 Earnings of $20.6 Million Feb 05 2009 
First Merchants Corporation to Report Fourth Quarter 2008 Financial Results, Host Conference Call Jan 14 2009 

More From Other Websites
First Merchants Corporation Announces Second Quarter 2014 Earnings Per Share Increase of Nearly 21... Jul 24 2014
FIRST MERCHANTS CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Jul 24 2014
First Merchants Corporation Announces Second Quarter 2014 Earnings Per Share Increase of Nearly 21... Jul 24 2014
Q2 2014 First Merchants Corp. Earnings Release - Time Not Supplied Jul 24 2014
FIRST MERCHANTS CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD... Jul 22 2014
First Merchants Corporation and Community Bancshares, Inc. Announce the Signing of a Definitive... Jul 22 2014
First Merchants announces merger agreement with Community Bancshares Jul 22 2014
First Merchants Corporation and Community Bancshares, Inc. Announce the Signing of a Definitive... Jul 22 2014
First Merchants Corporation to Report Second Quarter 2014 Financial Results, Host Conference Call... Jul 10 2014
First Merchants Corporation to Report Second Quarter 2014 Financial Results, Host Conference Call... Jul 10 2014
FIRST MERCHANTS CORP Financials May 16 2014
FIRST MERCHANTS CORP Files SEC form 8-K, Change in Directors or Principal Officers, Submission of... May 15 2014
FIRST MERCHANTS CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial... May 12 2014
FIRST MERCHANTS CORP Files SEC form 10-Q, Quarterly Report May 09 2014
Why First Merchants (FRME) Stock Closed Up Today Apr 25 2014
First Merchants upgraded by DA Davidson Apr 25 2014
First Merchants Corporation Announces First Quarter 2014 Earnings Per Share and Dividend Increase Apr 24 2014
FIRST MERCHANTS CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Apr 24 2014
First Merchants Corporation Announces First Quarter 2014 Earnings Per Share and Dividend Increase Apr 24 2014
FIRST MERCHANTS CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits Apr 18 2014

Personalized Checklist








Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

Add Notes, Comments or Ask Questions

User Comments

No comment yet

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide