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-0.43%
First merchants corporation
0.23%
Avg of Sector
-0.49%
S&P500
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
Unit : USD
| QTR | Non-GAAP EPS | EPS YoY | EPS Surprise % | Sales | Sales YoY | Sales Surprise % | NPM |
|---|---|---|---|---|---|---|---|
| Current | |||||||
| 2025Q4 | |||||||
| 2025Q3 | |||||||
| 2025Q2 | |||||||
| 2025Q1 |
The most recent financial report for First merchants corporation (FRMEP) covers the period of 2026Q1 and was published on 2026/03/31. This report is prepared according to IFRS/US GAAP standards and includes key financial indicators—Revenue, Profitability, Cash Flow, and Capital Structure. This information is essential for investors evaluating FRMEP's short-term business performance and financial health. For the latest updates on FRMEP's earnings releases, visit this page regularly.
According to historical valuation range analysis, First merchants corporation (FRMEP)'s current price-to-earnings (P/E) ratio is 20.98, placing it in the Watch zone on the P/E River chart. This level indicates that the market's expectations for future earnings are already reflected in the share price, with the valuation currently leaning optimistic. Investors are advised to further examine the company's fundamentals and its position in the industry cycle to validate whether the valuation is justified.
According to the latest financial report, First merchants corporation (FRMEP) reported an Operating Profit of 27.09M with an Operating Margin of 10.69% this period, representing a decline of 57.15% compared to the same period last year. Operating Profit reflects the company's core business efficiency and cost control, making it a key indicator for evaluating operational strength and profitability.
In the latest financial report, First merchants corporation (FRMEP) announced revenue of 253.3M, with a Year-Over-Year growth rate of 0.29%. Revenue growth can be driven by product mix changes, market share expansion, price adjustments, or international market penetration. Investors should also monitor gross margin and regional revenue distribution for a comprehensive view of growth quality and sustainability.
As of the end of the reporting period, First merchants corporation (FRMEP) had total debt of 1.64B, with a debt ratio of 0.08. Long-term debt comprises a higher/lower proportion. The level of financial leverage directly impacts the company's capital structure and interest coverage. If debt is high, pay attention to interest expenses and refinancing risks. Conversely, a low-leverage structure indicates greater risk tolerance but potentially less growth flexibility.
At the end of the period, First merchants corporation (FRMEP) held Total Cash and Cash Equivalents of 98.08M, accounting for 0 of total assets. Both current and quick ratios indicate robust short-term debt repayment ability. High cash reserves typically mean the company has strong liquidity, supporting operational needs, expansion investments, or shareholder returns.
In the latest report, First merchants corporation (FRMEP) achieved the “three margins increasing” benchmark, with a gross margin of 59.67%%, operating margin of 10.69%%, and net margin of 11.12%%. This demonstrates improvement in profitability, which is a key signal for fundamental analysis. Investors should consider margin trends alongside other financial indicators to assess FRMEP's profit trajectory and future growth potential.
According to the past four quarterly reports, First merchants corporation (FRMEP)'s earnings per share (EPS) shows a declining trend, with the latest EPS at 0.46. If EPS continues to rise due to revenue growth and cost optimization, it can support P/E valuation recovery and attract long-term investors.
First merchants corporation (FRMEP)'s Free Cash Flow (FCF) for the period is 80.71M, calculated as Operating Cash Flow minus Capital Expenditures, representing a rise of 19.57% compared with the previous period. Positive FCF growth provides stable funding for dividends, debt repayment, or strategic acquisitions, and is an important measure of true profitability and shareholder return potential.
The latest valuation data shows First merchants corporation (FRMEP) has a Price-To-Earnings (PE) ratio of 20.98 and a Price/Earnings-To-Growth (PEG) ratio of -0.39. A PEG below 1 usually suggests the market is underestimating growth potential, while a PEG above 1 indicates high growth expectations are already priced in. Investors should conduct a comprehensive valuation by considering historical growth, market forecasts, and industry cycles.