First Merchants Corporation (FRME): Price and Financial Metrics

FRME POWR Grades

• FRME scores best on the Sentiment dimension, with a Sentiment rank ahead of 87.62% of US stocks.
• FRME's strongest trending metric is Growth; it's been moving down over the last 179 days.
• FRME's current lowest rank is in the Quality metric (where it is better than 35.9% of US stocks).

FRME Stock Summary

• FRME's went public 31.59 years ago, making it older than 82.83% of listed US stocks we're tracking.
• FRME's current price/earnings ratio is 6.52, which is higher than only 13.14% of US stocks with positive earnings.
• Equity multiplier, or assets relative to shareholders' equity, comes in at 8.75 for FIRST MERCHANTS CORP; that's greater than it is for 87% of US stocks.
• Stocks that are quantitatively similar to FRME, based on their financial statements, market capitalization, and price volatility, are BCML, QCRH, HAFC, CZWI, and CATC.
• Visit FRME's SEC page to see the company's official filings. To visit the company's web site, go to www.firstmerchants.com.

FRME Valuation Summary

• FRME's EV/EBIT ratio is 8; this is 29.2% lower than that of the median Financial Services stock.
• Over the past 243 months, FRME's price/sales ratio has gone down 1.2.

Below are key valuation metrics over time for FRME.

FRME Growth Metrics

Its year over year net cashflow from operations growth rate is now at 10.03%.
• The 2 year revenue growth rate now stands at 18.45%.
• Its year over year revenue growth rate is now at 15.35%.

Over the past 67 months, FRME's revenue has gone up $275,666,000.

The table below shows FRME's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2022-09-30	565.403	190.539	198.124
2022-06-30	528.696	207.329	187.611
2022-03-31	523.661	204.793	204.648
2021-12-31	520.003	207.382	205.531
2021-09-30	518.195	221.111	202.933
2021-06-30	491.519	185.22	186.373

FRME's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• FRME has a Quality Grade of C, ranking ahead of 32.77% of graded US stocks.
• FRME's asset turnover comes in at 0.034 -- ranking 308th of 430 Banking stocks.
• HTLF, EWBC, and FNB are the stocks whose asset turnover ratios are most correlated with FRME.

The table below shows FRME's key quality metrics over time.