First Merchants Corporation (FRME): Price and Financial Metrics

FRME POWR Grades

• Momentum is the dimension where FRME ranks best; there it ranks ahead of 93.67% of US stocks.
• FRME's strongest trending metric is Momentum; it's been moving up over the last 169 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; 85.9% of US stocks have a lower such ratio.
• FRME's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 86.58% of US stocks.
• The volatility of First Merchants Corp's share price is greater than that of only 14.8% 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

The 5 year net cashflow from operations growth rate now stands at 210.48%.
• Its 5 year net income to common stockholders growth rate is now at 139%.
• Its 3 year price growth rate is now at 50.5%.

Over the past 49 months, FRME's revenue has gone up $202,994,000.

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
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.