First Merchants Corporation (FRME): Price and Financial Metrics

FRME POWR Grades

• FRME scores best on the Momentum dimension, with a Momentum rank ahead of 79.4% of US stocks.
• The strongest trend for FRME is in Growth, which has been heading up over the past 177 days.
• FRME ranks lowest in Quality; there it ranks in the 15th percentile.

FRME Stock Summary

• Equity multiplier, or assets relative to shareholders' equity, comes in at 8.73 for FIRST MERCHANTS CORP; that's greater than it is for 88.3% of US stocks.
• With a year-over-year growth in debt of 84.59%, FIRST MERCHANTS CORP's debt growth rate surpasses 86.45% of about US stocks.
• In terms of volatility of its share price, FRME is more volatile than just 8.49% of stocks we're observing.
• Stocks that are quantitatively similar to FRME, based on their financial statements, market capitalization, and price volatility, are GSBC, CTBI, UBSI, FMAO, and WSFS.
• 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/sales ratio is 44.83% higher, now standing at 4.2.
• Over the past 243 months, FRME's EV/EBIT ratio has gone down 0.9.

Below are key valuation metrics over time for FRME.

FRME Growth Metrics

Its 4 year net cashflow from operations growth rate is now at 68.63%.
• The year over year revenue growth rate now stands at 15.35%.
• Its 3 year net income to common stockholders growth rate is now at 26.89%.

FRME's revenue has moved up $124,855,000 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
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.