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First Merchants's Total Assets for the quarter that ended in Dec. 2024 was $18,312.0 Mil.
Warning Sign:
If a company builds assets at 10.8% a year, faster than its revenue growth rate of 5.2% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, First Merchants's average Total Assets Growth Rate was 1.90% per year. During the past 3 years, the average Total Assets Growth Rate was 9.90% per year. During the past 5 years, the average Total Assets Growth Rate was 10.80% per year. During the past 10 years, the average Total Assets Growth Rate was 13.30% per year.
During the past 13 years, First Merchants's highest 3-Year average Total Assets Growth Rate was 27.60%. The lowest was -8.90%. And the median was 12.20%.
Total Assets is connected with ROA %. First Merchants's annualized ROA % for the quarter that ended in Dec. 2024 was 1.40%. Total Assets is also linked to Revenue through Asset Turnover. First Merchants's Asset Turnover for the quarter that ended in Dec. 2024 was 0.01.
The historical data trend for First Merchants's Total Assets can be seen below:
* 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 Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Total Assets | Get a 7-Day Free Trial |
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14,067.21 | 15,453.15 | 18,002.20 | 18,405.89 | 18,311.97 |
First Merchants Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Total Assets | Get a 7-Day Free Trial |
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18,405.89 | 18,317.80 | 18,303.42 | 18,347.55 | 18,311.97 |
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
First Merchants's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as
Total Assets | = | Total Equity (A: Dec. 2024 ) | + | Total Liabilities (A: Dec. 2024 ) |
= | 2304.983 | + | 16006.986 | |
= | 18,312.0 |
First Merchants's Total Assets for the quarter that ended in Dec. 2024 is calculated as
Total Assets | = | Total Equity (Q: Dec. 2024 ) | + | Total Liabilities (Q: Dec. 2024 ) |
= | 2304.983 | + | 16006.986 | |
= | 18,312.0 |
* 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 (NAS:FRME) Total Assets Explanation
Total Assets is connected with ROA %.
First Merchants's annualized ROA % for the quarter that ended in Dec. 2024 is
ROA % | = | Net Income (Q: Dec. 2024 ) | / | ( (Total Assets (Q: Sep. 2024 ) | + | Total Assets (Q: Dec. 2024 )) | / count ) |
= | 257.396 | / | ( (18347.552 | + | 18311.969) | / 2 ) | |
= | 257.396 | / | 18329.7605 | ||||
= | 1.40 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
First Merchants's Asset Turnover for the quarter that ended in Dec. 2024 is
Asset Turnover | ||||||
= | Revenue (Q: Dec. 2024 ) | / | ( (Total Assets (Q: Sep. 2024 ) | + | Total Assets (Q: Dec. 2024 )) | / count ) |
= | 157.129 | / | ( (18347.552 | + | 18311.969) | / 2 ) |
= | 157.129 | / | 18329.7605 | |||
= | 0.01 |
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Thank you for viewing the detailed overview of First Merchants's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Howard Halderman | director | 200 EAST JACKSON STREET, MUNCIE IN 47305 |
Michael J Stewart | officer: Executive Vice President, other: Chief Banking Officer | 200 EAST JACKSON STREET, MUNCIE IN 47305 |
Patrick J. Fehring | director | 32991 HAMILTON COURT, FARMINGTON HILLS MI 48334 |
Mark K Hardwick | officer: Senior Vice President, other: Chief Financial Officer | POST OFFICE BOX 792, MUNICE IN 47308-0792 |
Stephan Fluhler | officer: Chief Information Officer, other: Senior Vice President | 200 EAST JACKSON STREET, MUNCIE IN 47305 |
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 |
Kellogg Clark C Jr | director | 200 EAST JACKSON STREET, MUNCIE IN 47305 |
Gary Lehman | director | 200 EAST JACKSON STREET, MUNCIE IN 47305 |
Mung Chiang | director | 200 E JACKSON ST, 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 A Sherman | director | 609 TREYBOURNE DRIVE, SUITE A, GREENWOOD IN 46142 |
Chad Kimball | officer: Chief Risk Officer | 200 EAST JACKSON STREET, MUNCIE IN 47305 |
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