First Merchants Corporation (FRME): Price and Financial Metrics

FRME POWR Grades

• FRME scores best on the Stability dimension, with a Stability rank ahead of 92% of US stocks.
• The strongest trend for FRME is in Value, which has been heading up over the past 157 days.
• FRME ranks lowest in Quality; there it ranks in the 35th percentile.

FRME Stock Summary

• Of note is the ratio of First Merchants Corp's sales and general administrative expense to its total operating expenses; 85.69% of US stocks have a lower such ratio.
• Equity multiplier, or assets relative to shareholders' equity, comes in at 7.91 for First Merchants Corp; that's greater than it is for 86.65% of US stocks.
• The volatility of First Merchants Corp's share price is greater than that of merely 16.19% US stocks with at least 200 days of trading history.
• Stocks with similar financial metrics, market capitalization, and price volatility to First Merchants Corp are FMAO, LSBK, FUNC, UBSI, and ABCB.
• 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

• In comparison to the median Financial Services stock, FRME's price/earnings ratio is 9.09% higher, now standing at 12.
• FRME's EV/EBIT ratio has moved down 1.6 over the prior 243 months.
• FRME's EV/EBIT ratio has moved down 1.6 over the prior 243 months.

Below are key valuation metrics over time for FRME.

FRME Growth Metrics

Its 4 year net income to common stockholders growth rate is now at 139%.
• Its 2 year cash and equivalents growth rate is now at 70.31%.
• The 3 year cash and equivalents growth rate now stands at 14.31%.

FRME's revenue has moved up $110,106,000 over the prior 33 months.

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
2021-09-30	518.195	221.111	202.933
2021-06-30	491.519	185.22	186.373
2021-03-31	453.975	186.128	163.806
2020-12-31	433.38	204.811	148.6
2020-09-30	429.397	187.105	151.295
2020-06-30	433.305	210.107	151.842

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.