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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 0.35
FRME's Cash to Debt is ranked lower than
73% of the 984 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.36 vs. FRME: 0.35 )
Ranked among companies with meaningful Cash to Debt only.
FRME' s 10-Year Cash to Debt Range
Min: 0.15  Med: 0.31 Max: 1.97
Current: 0.35
0.15
1.97
Equity to Asset 0.12
FRME's Equity to Asset is ranked higher than
70% of the 1355 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. FRME: 0.12 )
Ranked among companies with meaningful Equity to Asset only.
FRME' s 10-Year Equity to Asset Range
Min: 0.08  Med: 0.11 Max: 0.13
Current: 0.12
0.08
0.13
Interest Coverage 3.73
FRME's Interest Coverage is ranked higher than
74% of the 1272 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.60 vs. FRME: 3.73 )
Ranked among companies with meaningful Interest Coverage only.
FRME' s 10-Year Interest Coverage Range
Min: 0.06  Med: 0.62 Max: 3.73
Current: 3.73
0.06
3.73
F-Score: 4
WACC vs ROIC
9.14%
7.24%
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 (%) 34.38
FRME's Operating margin (%) is ranked higher than
61% of the 1425 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 30.25 vs. FRME: 34.38 )
Ranked among companies with meaningful Operating margin (%) only.
FRME' s 10-Year Operating margin (%) Range
Min: -33.82  Med: 30.15 Max: 44.29
Current: 34.38
-33.82
44.29
Net-margin (%) 24.59
FRME's Net-margin (%) is ranked higher than
59% of the 1425 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.01 vs. FRME: 24.59 )
Ranked among companies with meaningful Net-margin (%) only.
FRME' s 10-Year Net-margin (%) Range
Min: -19.93  Med: 21.16 Max: 29
Current: 24.59
-19.93
29
ROE (%) 9.17
FRME's ROE (%) is ranked higher than
55% of the 1427 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.44 vs. FRME: 9.17 )
Ranked among companies with meaningful ROE (%) only.
FRME' s 10-Year ROE (%) Range
Min: -10.64  Med: 9.51 Max: 14.12
Current: 9.17
-10.64
14.12
ROA (%) 1.13
FRME's ROA (%) is ranked higher than
68% of the 1436 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.87 vs. FRME: 1.13 )
Ranked among companies with meaningful ROA (%) only.
FRME' s 10-Year ROA (%) Range
Min: -0.88  Med: 0.96 Max: 1.66
Current: 1.13
-0.88
1.66
Revenue Growth (3Y)(%) -1.40
FRME's Revenue Growth (3Y)(%) is ranked lower than
68% of the 1215 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.10 vs. FRME: -1.40 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
FRME' s 10-Year Revenue Growth (3Y)(%) Range
Min: -8.1  Med: 4.10 Max: 14.3
Current: -1.4
-8.1
14.3
EBITDA Growth (3Y)(%) 18.00
FRME's EBITDA Growth (3Y)(%) is ranked higher than
75% of the 1072 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.60 vs. FRME: 18.00 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
FRME' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -47.7  Med: 3.30 Max: 79.2
Current: 18
-47.7
79.2
EPS Growth (3Y)(%) 69.30
FRME's EPS Growth (3Y)(%) is ranked higher than
95% of the 1070 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.60 vs. FRME: 69.30 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
FRME' s 10-Year EPS Growth (3Y)(%) Range
Min: -34.8  Med: 3.10 Max: 69.3
Current: 69.3
-34.8
69.3
» FRME's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2014

FRME Guru Trades in Q3 2014

Jim Simons 648,182 sh (+3.00%)
» More
Q4 2014

FRME Guru Trades in Q4 2014

Jim Simons 626,834 sh (-3.29%)
» More
Q1 2015

FRME Guru Trades in Q1 2015

Jim Simons 663,934 sh (+5.92%)
» More
Q2 2015

FRME Guru Trades in Q2 2015

Jim Simons 693,534 sh (+4.46%)
» 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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Ratios

vs
industry
vs
history
P/E(ttm) 14.54
FRME's P/E(ttm) is ranked lower than
59% of the 1293 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.10 vs. FRME: 14.54 )
Ranked among companies with meaningful P/E(ttm) only.
FRME' s 10-Year P/E(ttm) Range
Min: 8.8  Med: 14.71 Max: 42.71
Current: 14.54
8.8
42.71
Forward P/E 13.79
FRME's Forward P/E is ranked lower than
72% of the 714 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.85 vs. FRME: 13.79 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 14.80
FRME's PE(NRI) is ranked lower than
59% of the 1291 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.20 vs. FRME: 14.80 )
Ranked among companies with meaningful PE(NRI) only.
FRME' s 10-Year PE(NRI) Range
Min: 8.82  Med: 14.80 Max: 42.5
Current: 14.8
8.82
42.5
P/B 1.29
FRME's P/B is ranked lower than
70% of the 1370 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.06 vs. FRME: 1.29 )
Ranked among companies with meaningful P/B only.
FRME' s 10-Year P/B Range
Min: 0.32  Med: 1.11 Max: 1.68
Current: 1.29
0.32
1.68
P/S 3.61
FRME's P/S is ranked lower than
67% of the 1409 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.86 vs. FRME: 3.61 )
Ranked among companies with meaningful P/S only.
FRME' s 10-Year P/S Range
Min: 0.57  Med: 2.59 Max: 3.76
Current: 3.61
0.57
3.76
POCF 11.45
FRME's POCF is ranked lower than
64% of the 956 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.00 vs. FRME: 11.45 )
Ranked among companies with meaningful POCF only.
FRME' s 10-Year POCF Range
Min: 1.89  Med: 7.05 Max: 16.87
Current: 11.45
1.89
16.87
EV-to-EBIT 13.23
FRME's EV-to-EBIT is ranked higher than
50% of the 1284 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.41 vs. FRME: 13.23 )
Ranked among companies with meaningful EV-to-EBIT only.
FRME' s 10-Year EV-to-EBIT Range
Min: -23.5  Med: 16.90 Max: 150.5
Current: 13.23
-23.5
150.5
Shiller P/E 28.54
FRME's Shiller P/E is ranked lower than
84% of the 786 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.81 vs. FRME: 28.54 )
Ranked among companies with meaningful Shiller P/E only.
FRME' s 10-Year Shiller P/E Range
Min: 4.82  Med: 14.82 Max: 54.41
Current: 28.54
4.82
54.41
Days Sales Outstanding 27.23
FRME's Days Sales Outstanding is ranked higher than
63% of the 795 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 34.20 vs. FRME: 27.23 )
Ranked among companies with meaningful Days Sales Outstanding only.
FRME' s 10-Year Days Sales Outstanding Range
Min: 27.58  Med: 52.78 Max: 69.14
Current: 27.23
27.58
69.14

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.37
FRME's Dividend Yield is ranked lower than
81% of the 2258 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.76 vs. FRME: 1.37 )
Ranked among companies with meaningful Dividend Yield only.
FRME' s 10-Year Dividend Yield Range
Min: 0.31  Med: 3.29 Max: 11.86
Current: 1.37
0.31
11.86
Dividend Payout 0.20
FRME's Dividend Payout is ranked higher than
76% of the 1330 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.33 vs. FRME: 0.20 )
Ranked among companies with meaningful Dividend Payout only.
FRME' s 10-Year Dividend Payout Range
Min: 0.02  Med: 0.51 Max: 19.17
Current: 0.2
0.02
19.17
Dividend growth (3y) 93.50
FRME's Dividend growth (3y) is ranked higher than
97% of the 674 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.40 vs. FRME: 93.50 )
Ranked among companies with meaningful Dividend growth (3y) only.
FRME' s 10-Year Dividend growth (3y) Range
Min: -64.8  Med: 4.10 Max: 93.5
Current: 93.5
-64.8
93.5
Yield on cost (5-Year) 2.25
FRME's Yield on cost (5-Year) is ranked lower than
67% of the 2253 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.23 vs. FRME: 2.25 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
FRME' s 10-Year Yield on cost (5-Year) Range
Min: 0.51  Med: 5.40 Max: 19.45
Current: 2.25
0.51
19.45
Share Buyback Rate -11.00
FRME's Share Buyback Rate is ranked lower than
79% of the 1013 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.90 vs. FRME: -11.00 )
Ranked among companies with meaningful Share Buyback Rate only.
FRME' s 10-Year Share Buyback Rate Range
Min: 1.7  Med: -6.80 Max: -16.8
Current: -11

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.83
FRME's Price/Tangible Book is ranked lower than
83% of the 1347 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.13 vs. FRME: 1.83 )
Ranked among companies with meaningful Price/Tangible Book only.
FRME' s 10-Year Price/Tangible Book Range
Min: 0.54  Med: 1.86 Max: 3.2
Current: 1.83
0.54
3.2
Price/Projected FCF 1.63
FRME's Price/Projected FCF is ranked lower than
91% of the 805 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.65 vs. FRME: 1.63 )
Ranked among companies with meaningful Price/Projected FCF only.
FRME' s 10-Year Price/Projected FCF Range
Min: 0.34  Med: 1.00 Max: 1.78
Current: 1.63
0.34
1.78
Price/Median PS Value 1.39
FRME's Price/Median PS Value is ranked lower than
85% of the 1310 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.04 vs. FRME: 1.39 )
Ranked among companies with meaningful Price/Median PS Value only.
FRME' s 10-Year Price/Median PS Value Range
Min: 0.24  Med: 1.28 Max: 2.4
Current: 1.39
0.24
2.4
Price/Graham Number 1.10
FRME's Price/Graham Number is ranked lower than
76% of the 1181 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.82 vs. FRME: 1.10 )
Ranked among companies with meaningful Price/Graham Number only.
FRME' s 10-Year Price/Graham Number Range
Min: 0.48  Med: 1.09 Max: 1.62
Current: 1.1
0.48
1.62
Earnings Yield (Greenblatt) (%) 7.56
FRME's Earnings Yield (Greenblatt) (%) is ranked higher than
55% of the 1408 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.80 vs. FRME: 7.56 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FRME' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 0.7  Med: 5.65 Max: 11.2
Current: 7.56
0.7
11.2
Forward Rate of Return (Yacktman) (%) -4.41
FRME's Forward Rate of Return (Yacktman) (%) is ranked lower than
82% of the 792 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.82 vs. FRME: -4.41 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
FRME' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -4.4  Med: -0.50 Max: 4.5
Current: -4.41
-4.4
4.5

Analyst Estimate

Dec15 Dec16
EPS($) 1.68 1.86
EPS without NRI($) 1.68 1.86

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 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.
» 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 

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First Merchants Corporation Announces Cash Dividend Aug 14 2015
10-Q for First Merchants Corp. (Indiana) Aug 10 2015
FIRST MERCHANTS CORP Files SEC form 10-Q, Quarterly Report Aug 07 2015
FIRST MERCHANTS CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits Jul 28 2015
Edited Transcript of FRME earnings conference call or presentation 23-Jul-15 6:30pm GMT Jul 24 2015
FIRST MERCHANTS CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Jul 23 2015
First Merchants Corporation Announces Second Quarter 2015 Earnings Per Share Increase of 15 Percent Jul 23 2015
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