First Merchants (First Merchants) Scaled Net Operating Assets : 0.05 (As of Dec. 2023)

View and export this data going back to 1992. Start your Free Trial

What is First Merchants Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Merchants's operating assets for the quarter that ended in Dec. 2023 was $16,230.0 Mil. First Merchants's operating liabilities for the quarter that ended in Dec. 2023 was $15,286.7 Mil. First Merchants's Total Assets for the quarter that ended in Sep. 2023 was $17,996.6 Mil. Therefore, First Merchants's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.05.

First Merchants Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Merchants's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(17857.158	-	15286.678)	/	18002.199
=	0.14

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	18405.887	-	548.729
=	17857.158

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	16158.174	-	871.496	-	0
=	15286.678

First Merchants's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(16230.046	-	15286.678)	/	17996.648
=	0.05

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	18405.887	-	2175.841
=	16230.046

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	16158.174	-	871.496	-	0
=	15286.678

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Merchants Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of First Merchants's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

First Merchants (First Merchants) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Merchants Corp (NAS:FRME) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

FM5:Germany

Address

200 East Jackson Street, P.O. Box 792, Muncie, IN, USA, 47305-2814

Website

https://www.firstmerchants.com

First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment that is community banking.

Executives

Michael C Rechin	officer: Executive Vice President, other: Chief Operating Officer	13831 COLDWATER DRIVE, CARMEL IN 46032
Michael J Fisher	director	200 EAST JACKSON STREET, MUNCIE IN 47305
Jason R Sondhi	director	200 E JACKSON ST, MUNCIE IN 47305
Gary Lehman	director	200 EAST JACKSON STREET, MUNCIE IN 47305
Mung Chiang	director	200 E JACKSON ST, MUNCIE IN 47305
Stephan Fluhler	officer: Chief Information Officer, other: Senior Vice President	200 EAST JACKSON STREET, MUNCIE IN 47305
Charles E Schalliol	director	300 NORTH MERIDIAN STREET, SUITE 950, INDIANAPOLIS IN 46204
Kevin D Johnson	director	200 E JACKSON ST, MUNCIE IN 47305
Patrick J. Fehring	director	32991 HAMILTON COURT, FARMINGTON HILLS MI 48334
Patrick A Sherman	director	609 TREYBOURNE DRIVE, SUITE A, GREENWOOD IN 46142
Chad Kimball	officer: Chief Risk Officer	200 EAST JACKSON STREET, MUNCIE IN 47305
Mark K Hardwick	officer: Senior Vice President, other: Chief Financial Officer	POST OFFICE BOX 792, MUNICE IN 47308-0792
Michael R Becher	director	200 E. JACKSON ST., MUNCIE IN 47305
Michael C Marhenke	director	200 EAST JACKSON ST, MUNCIE IN 47305
William L Hoy	director	200 EAST JACKSON STREET, MUNCIE IN 47305