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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 : 5/10

vs
industry
vs
history
Cash to Debt 0.42
FRME's Cash to Debt is ranked lower than
74% of the 1134 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.18 vs. FRME: 0.42 )
Ranked among companies with meaningful Cash to Debt only.
FRME' s Cash to Debt Range Over the Past 10 Years
Min: 0.15  Med: 0.31 Max: 1.2
Current: 0.42
0.15
1.2
Equity to Asset 0.13
FRME's Equity to Asset is ranked higher than
76% of the 1602 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. FRME: 0.13 )
Ranked among companies with meaningful Equity to Asset only.
FRME' s Equity to Asset Range Over the Past 10 Years
Min: 0.08  Med: 0.11 Max: 0.13
Current: 0.13
0.08
0.13
Interest Coverage 3.61
FRME's Interest Coverage is ranked higher than
73% of the 1585 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.62 vs. FRME: 3.61 )
Ranked among companies with meaningful Interest Coverage only.
FRME' s Interest Coverage Range Over the Past 10 Years
Min: 0.06  Med: 0.89 Max: 3.73
Current: 3.61
0.06
3.73
F-Score: 3
M-Score: -2.37
WACC vs ROIC
7.54%
6.63%
WACC
ROIC
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 (%) 33.38
FRME's Operating margin (%) is ranked higher than
56% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 31.11 vs. FRME: 33.38 )
Ranked among companies with meaningful Operating margin (%) only.
FRME' s Operating margin (%) Range Over the Past 10 Years
Min: -33.82  Med: 28.06 Max: 33.86
Current: 33.38
-33.82
33.86
Net-margin (%) 24.20
FRME's Net-margin (%) is ranked higher than
56% of the 1620 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.40 vs. FRME: 24.20 )
Ranked among companies with meaningful Net-margin (%) only.
FRME' s Net-margin (%) Range Over the Past 10 Years
Min: -19.93  Med: 20.71 Max: 24.31
Current: 24.2
-19.93
24.31
ROE (%) 8.42
FRME's ROE (%) is ranked higher than
52% of the 1615 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.20 vs. FRME: 8.42 )
Ranked among companies with meaningful ROE (%) only.
FRME' s ROE (%) Range Over the Past 10 Years
Min: -10.64  Med: 7.36 Max: 9.48
Current: 8.42
-10.64
9.48
ROA (%) 1.05
FRME's ROA (%) is ranked higher than
63% of the 1625 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.87 vs. FRME: 1.05 )
Ranked among companies with meaningful ROA (%) only.
FRME' s ROA (%) Range Over the Past 10 Years
Min: -0.88  Med: 0.88 Max: 1.07
Current: 1.05
-0.88
1.07
Revenue Growth (3Y)(%) -2.00
FRME's Revenue Growth (3Y)(%) is ranked lower than
71% of the 1336 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.80 vs. FRME: -2.00 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
FRME' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -8.1  Med: 3.80 Max: 14.2
Current: -2
-8.1
14.2
EBITDA Growth (3Y)(%) 4.00
FRME's EBITDA Growth (3Y)(%) is ranked lower than
56% of the 1226 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.80 vs. FRME: 4.00 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
FRME' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -47.9  Med: 3.50 Max: 79.8
Current: 4
-47.9
79.8
EPS Growth (3Y)(%) 6.90
FRME's EPS Growth (3Y)(%) is ranked lower than
52% of the 1211 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.40 vs. FRME: 6.90 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
FRME' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -35  Med: 3.10 Max: 69.5
Current: 6.9
-35
69.5
» FRME's 10-Y Financials

Financials (Next Earnings Date: 2016-07-26)


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

» Details

Guru Trades

Q2 2015

FRME Guru Trades in Q2 2015

Jim Simons 693,534 sh (+4.46%)
» More
Q3 2015

FRME Guru Trades in Q3 2015

Jeremy Grantham 9,000 sh (New)
Ken Fisher 109,646 sh (New)
Jim Simons 759,934 sh (+9.57%)
» More
Q4 2015

FRME Guru Trades in Q4 2015

Ken Fisher 122,913 sh (+12.10%)
Jim Simons 789,034 sh (+3.83%)
Jeremy Grantham 8,100 sh (-10.00%)
» More
Q1 2016

FRME Guru Trades in Q1 2016

Jim Simons 797,029 sh (+1.01%)
Ken Fisher 122,913 sh (unchged)
Jeremy Grantham Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with FRME

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

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Business Description

Industry: Banks » Banks - Regional - US
Compare:AMEX:TMP, NAS:BANF, NAS:WSFS, NAS:BNCL, NYSE:FBP, NAS:BPFH, NAS:ABCB, NAS:BNCN, NAS:UBSH, NAS:OPB, NYSE:BANC, NAS:WSBC, NAS:HTLF, NAS:STBA, NAS:SRCE, NAS:WABC, NAS:WIBC, NAS:BUSE, NAS:SBSI, NYSE:FCF » details
First Merchants Corp through its subsidiaries provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, mortgage lending, cash management services, wealth management and insurance.

First Merchants Corp is a financial holding company, headquartered in Muncie, Indiana and was organized in September 1982. The Corporation, through its subsidiary, the Bank, offers financial services, including accepting time deposits, 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. The Corporation also operates First Merchants Insurance Services, Inc., operating as First Merchants Insurance Group, a full-service property, casualty, personal lines, and employee benefit insurance agency. The Corporation receives all of its cash from dividends paid by its subsidiaries. The Corporation's main market areas for lending are central Indiana, northwestern Indiana, northeastern Illinois, and Butler and Franklin counties in Ohio.

Ratios

vs
industry
vs
history
P/E(ttm) 14.91
FRME's P/E(ttm) is ranked lower than
62% of the 1682 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.67 vs. FRME: 14.91 )
Ranked among companies with meaningful P/E(ttm) only.
FRME' s P/E(ttm) Range Over the Past 10 Years
Min: 8.8  Med: 14.47 Max: 42.71
Current: 14.91
8.8
42.71
Forward P/E 13.85
FRME's Forward P/E is ranked lower than
63% of the 443 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.61 vs. FRME: 13.85 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 14.91
FRME's PE(NRI) is ranked lower than
60% of the 1537 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.86 vs. FRME: 14.91 )
Ranked among companies with meaningful PE(NRI) only.
FRME' s PE(NRI) Range Over the Past 10 Years
Min: 8.82  Med: 14.47 Max: 42.5
Current: 14.91
8.82
42.5
Price/Owner Earnings (ttm) 18.29
FRME's Price/Owner Earnings (ttm) is ranked lower than
74% of the 851 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.62 vs. FRME: 18.29 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
FRME' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 11.34  Med: 14.78 Max: 17.04
Current: 18.29
11.34
17.04
P/B 1.22
FRME's P/B is ranked lower than
63% of the 1759 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.04 vs. FRME: 1.22 )
Ranked among companies with meaningful P/B only.
FRME' s P/B Range Over the Past 10 Years
Min: 0.32  Med: 1.09 Max: 1.6
Current: 1.22
0.32
1.6
P/S 3.58
FRME's P/S is ranked lower than
64% of the 1761 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.94 vs. FRME: 3.58 )
Ranked among companies with meaningful P/S only.
FRME' s P/S Range Over the Past 10 Years
Min: 0.57  Med: 2.57 Max: 3.87
Current: 3.58
0.57
3.87
POCF 15.77
FRME's POCF is ranked lower than
80% of the 1025 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.89 vs. FRME: 15.77 )
Ranked among companies with meaningful POCF only.
FRME' s POCF Range Over the Past 10 Years
Min: 1.87  Med: 6.95 Max: 18.11
Current: 15.77
1.87
18.11
EV-to-EBIT 13.79
FRME's EV-to-EBIT is ranked lower than
55% of the 1650 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.90 vs. FRME: 13.79 )
Ranked among companies with meaningful EV-to-EBIT only.
FRME' s EV-to-EBIT Range Over the Past 10 Years
Min: -23.5  Med: 14.50 Max: 147.4
Current: 13.79
-23.5
147.4
EV-to-EBITDA 12.86
FRME's EV-to-EBITDA is ranked lower than
56% of the 1649 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.75 vs. FRME: 12.86 )
Ranked among companies with meaningful EV-to-EBITDA only.
FRME' s EV-to-EBITDA Range Over the Past 10 Years
Min: -33.9  Med: 13.40 Max: 54.2
Current: 12.86
-33.9
54.2
PEG 0.40
FRME's PEG is ranked higher than
85% of the 731 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.13 vs. FRME: 0.40 )
Ranked among companies with meaningful PEG only.
FRME' s PEG Range Over the Past 10 Years
Min: 0.44  Med: 0.72 Max: 24.58
Current: 0.4
0.44
24.58
Shiller P/E 25.73
FRME's Shiller P/E is ranked lower than
78% of the 491 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 17.16 vs. FRME: 25.73 )
Ranked among companies with meaningful Shiller P/E only.
FRME' s Shiller P/E Range Over the Past 10 Years
Min: 3.89  Med: 13.65 Max: 27.53
Current: 25.73
3.89
27.53

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.83
FRME's Dividend Yield is ranked lower than
74% of the 2235 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.98 vs. FRME: 1.83 )
Ranked among companies with meaningful Dividend Yield only.
FRME' s Dividend Yield Range Over the Past 10 Years
Min: 0.31  Med: 1.72 Max: 11.86
Current: 1.83
0.31
11.86
Dividend Payout 0.26
FRME's Dividend Payout is ranked higher than
64% of the 1294 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.33 vs. FRME: 0.26 )
Ranked among companies with meaningful Dividend Payout only.
FRME' s Dividend Payout Range Over the Past 10 Years
Min: 0.02  Med: 0.50 Max: 23
Current: 0.26
0.02
23
Dividend Growth (3y) 60.10
FRME's Dividend Growth (3y) is ranked higher than
94% of the 733 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.40 vs. FRME: 60.10 )
Ranked among companies with meaningful Dividend Growth (3y) only.
FRME' s Dividend Growth (3y) Range Over the Past 10 Years
Min: -64.8  Med: 4.10 Max: 93.5
Current: 60.1
-64.8
93.5
Forward Dividend Yield 2.18
FRME's Forward Dividend Yield is ranked lower than
72% of the 2109 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.21 vs. FRME: 2.18 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 25.08
FRME's Yield on cost (5-Year) is ranked higher than
97% of the 2505 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.58 vs. FRME: 25.08 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
FRME' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 4.25  Med: 23.57 Max: 162.54
Current: 25.08
4.25
162.54
3-Year Average Share Buyback Ratio -12.30
FRME's 3-Year Average Share Buyback Ratio is ranked lower than
79% of the 1042 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.00 vs. FRME: -12.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
FRME' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -16  Med: -9.70 Max: 0.3
Current: -12.3
-16
0.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.73
FRME's Price/Tangible Book is ranked lower than
77% of the 1747 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.12 vs. FRME: 1.73 )
Ranked among companies with meaningful Price/Tangible Book only.
FRME' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.54  Med: 1.86 Max: 3.2
Current: 1.73
0.54
3.2
Price/Projected FCF 1.51
FRME's Price/Projected FCF is ranked lower than
88% of the 973 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.67 vs. FRME: 1.51 )
Ranked among companies with meaningful Price/Projected FCF only.
FRME' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.34  Med: 1.04 Max: 1.78
Current: 1.51
0.34
1.78
Price/Median PS Value 1.40
FRME's Price/Median PS Value is ranked lower than
86% of the 1684 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.01 vs. FRME: 1.40 )
Ranked among companies with meaningful Price/Median PS Value only.
FRME' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.24  Med: 1.29 Max: 2.05
Current: 1.4
0.24
2.05
Price/Peter Lynch Fair Value 0.74
FRME's Price/Peter Lynch Fair Value is ranked higher than
60% of the 434 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.90 vs. FRME: 0.74 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
FRME' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 0.59  Med: 1.90 Max: 3.1
Current: 0.74
0.59
3.1
Price/Graham Number 1.07
FRME's Price/Graham Number is ranked lower than
70% of the 1552 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.84 vs. FRME: 1.07 )
Ranked among companies with meaningful Price/Graham Number only.
FRME' s Price/Graham Number Range Over the Past 10 Years
Min: 0.72  Med: 1.09 Max: 1.56
Current: 1.07
0.72
1.56
Earnings Yield (Greenblatt) (%) 7.22
FRME's Earnings Yield (Greenblatt) (%) is ranked higher than
50% of the 1803 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.20 vs. FRME: 7.22 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FRME' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.7  Med: 6.10 Max: 11.2
Current: 7.22
0.7
11.2
Forward Rate of Return (Yacktman) (%) 20.06
FRME's Forward Rate of Return (Yacktman) (%) is ranked higher than
66% of the 844 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.22 vs. FRME: 20.06 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
FRME' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -3.7  Med: -0.40 Max: 30.9
Current: 20.06
-3.7
30.9

More Statistics

Revenue (TTM) (Mil) $276.5
EPS (TTM) $ 1.72
Beta0.87
Short Percentage of Float2.47%
52-Week Range $21.10 - 27.60
Shares Outstanding (Mil)40.75

Analyst Estimate

Dec16 Dec17
Revenue (Mil $)
EPS ($) 1.85 2.01
EPS w/o NRI ($) 1.85 2.01
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
Dividends Per Share ($) 0.47 0.51
» More Articles for FRME

Headlines

Articles On GuruFocus.com
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FIRST MERCHANTS CORP Financials May 18 2016
FIRST MERCHANTS CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits May 11 2016
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