First Merchants Corporation (FRME): Price and Financial Metrics

FRME POWR Grades

• Stability is the dimension where FRME ranks best; there it ranks ahead of 90.22% of US stocks.
• The strongest trend for FRME is in Growth, which has been heading down over the past 179 days.
• FRME's current lowest rank is in the Growth metric (where it is better than 19.09% of US stocks).

FRME Stock Summary

• Of note is the ratio of First Merchants Corp's sales and general administrative expense to its total operating expenses; 85.61% of US stocks have a lower such ratio.
• Equity multiplier, or assets relative to shareholders' equity, comes in at 8.05 for First Merchants Corp; that's greater than it is for 87.22% of US stocks.
• In terms of volatility of its share price, FRME is more volatile than only 4.11% of stocks we're observing.
• Stocks that are quantitatively similar to FRME, based on their financial statements, market capitalization, and price volatility, are FNLC, WSFS, FL, UBSI, and HMST.
• 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 5 year revenue growth rate is now at 60.45%.
• Its 5 year cash and equivalents growth rate is now at 59.74%.
• The 4 year net cashflow from operations growth rate now stands at 210.48%.

Over the past 70 months, FRME's revenue has gone up $244,467,000.

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
2021-12-31	520.003	207.382	205.531
2021-09-30	518.195	221.111	202.933
2021-06-30	491.519	185.22	186.373
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

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.