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FRME - First Merchants Corporation

NASDAQ -> Financial Services -> Banks—Regional
Muncie, United States
Type: Equity

FRME price evolution
FRME
(in millions $) 30 Oct 2024 30 Jun 2024 31 Mar 2024 31 Jan 2024
Current assets
Cash $273.9 $511.01 $548.73
Short term investments
Net receivables
Inventory
Total current assets
Long term investments
Property, plant & equipment $129.58 $133.25 $132.71 $133.9
Goodwill & intangible assets $735.37 $737.14 $739.1
Total noncurrent assets
Total investments $16583.61 $16407.38 $16459.46
Total assets $18347.55 $18303.42 $18317.8 $18309.48
Current liabilities
Accounts payable $18.09 $18.55 $19.26 $18.91
Deferred revenue
Short long term debt
Total current liabilities $172.98 $266.23 $149.53 $176.19
Long term debt $93.56 $93.59 $118.61 $158.64
Total noncurrent liabilities
Total debt $1173.97 $861.65 $1028.78
Total liabilities $16045.18 $16090.9 $16093 $16061.77
Shareholders' equity
Retained earnings $1229.13 $1200.93 $1181.94 $1154.62
Other shareholder equity -$151.82 -$211.98 -$198.03 -$175.97
Total shareholder equity $2212.53 $2224.8 $2247.71
(in millions $) 31 Jan 2024 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $548.73 $248.66 $641.3 $585.2
Short term investments
Net receivables
Inventory
Total current assets
Long term investments
Property, plant & equipment $133.9 $117.12 $105.66 $111.06
Goodwill & intangible assets $739.1 $747.84 $570.86 $572.89
Total noncurrent assets
Total investments $16459.46 $16400.33 $13901.78 $12584.76
Total assets $18309.48 $17938.31 $15453.15 $14067.21
Current liabilities
Accounts payable $18.91 $7.53 $3 $3
Deferred revenue
Short long term debt
Total current liabilities $176.19 $7.53 $23 $23
Long term debt $158.64 $151.3 $119 $118.38
Total noncurrent liabilities
Total debt $1028.78 $1313.94 $634.25 $684.91
Total liabilities $16061.77 $15903.54 $13540.58 $12191.57
Shareholders' equity
Retained earnings $1154.62 $1012.77 $864.84 $788.58
Other shareholder equity -$175.97 -$239.15 $55.11 $74.84
Total shareholder equity $2247.71 $2034.77 $1912.57 $1875.64
(in millions $) 30 Oct 2024 30 Jun 2024 31 Mar 2024 31 Jan 2024
Revenue
Total revenue $155.98 $135.41 $151.7 $156.51
Cost of revenue
Gross Profit $135.41 $151.7
Operating activities
Research & development
Selling, general & administrative $78.58 $84.22
Total operating expenses $91.41 $96.94
Operating income $43.99 $54.77
Income from continuing operations
EBIT $43.99 $54.77
Income tax expense $7.16 $4.07 $6.83 $4.42
Interest expense
Net income
Net income $48.72 $39.92 $47.94 $42.01
Income (for common shares) $39.46 $47.47
(in millions $) 31 Jan 2024 31 Dec 2022 31 Jan 2022 31 Dec 2020
Revenue
Total revenue $651 $611.39 $433.38
Cost of revenue
Gross Profit $611.39 $433.38
Operating activities
Research & development
Selling, general & administrative $309.67 $263.4
Total operating expenses $355.71 $263.4
Operating income $255.67 $169.97
Income from continuing operations
EBIT $255.67 $169.97
Income tax expense $35.45 $33.59 $21.38
Interest expense
Net income
Net income $221.91 $222.09 $148.6
Income (for common shares) $220.68 $148.6
(in millions $) 30 Jun 2024 31 Mar 2024 31 Dec 2023 30 Sep 2023
Net income $39.92 $47.94 $42.48 $56.37
Operating activities
Depreciation $3.49 $3.19 $3.04 $2.87
Business acquisitions & disposals
Stock-based compensation $1.35 $1.4 $1.37 $1.36
Total cash flows from operations $63.03 $58.85 $86.14 $58.97
Investing activities
Capital expenditures
Investments $17.45 $74.59 -$254.54 -$65.06
Total cash flows from investing -$15.59 $82.88 -$257.65 -$85.44
Financing activities
Dividends paid -$20.46 -$20.16 -$20.35 -$20.34
Sale and purchase of stock -$18.61 -$29.43 $0.58 $0.54
Net borrowings $312.32 -$167.12 $4.19 -$2.69
Total cash flows from financing -$42.58 -$153.86 $158.99 $42.68
Effect of exchange rate
Change in cash and equivalents $4.86 -$12.13 -$12.52 $16.2
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $223.79 $222.09 $205.53 $148.6
Operating activities
Depreciation $11.71 $11.81 $10.7 $11.01
Business acquisitions & disposals $137.78 -$2.93
Stock-based compensation $5.16 $4.65 $4.76 $4.6
Total cash flows from operations $258.83 $268.05 $207.38 $204.81
Investing activities
Capital expenditures
Investments -$322.63 -$595.84 -$1464.31 -$1552
Total cash flows from investing -$344.43 -$446.44 -$1469.45 -$1552.03
Financing activities
Dividends paid -$80.06 -$72.75 -$61.23 -$56.54
Sale and purchase of stock $3.29 $2.41 -$23.37 -$54.07
Net borrowings -$285.17 $485.5 -$50.66 -$47.79
Total cash flows from financing $75.65 $133.84 $1236.31 $1362.91
Effect of exchange rate
Change in cash and equivalents -$9.95 -$44.55 -$25.75 $15.7
Fundamentals
Market cap $2.53B
Enterprise value N/A
Shares outstanding 58.12M
Revenue $599.59M
EBITDA N/A
EBIT N/A
Net Income $178.59M
Revenue Q/Q -2.04%
Revenue Y/Y N/A
P/E ratio 14.18
EV/Sales N/A
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 4.22
P/B ratio N/A
Book/Share N/A
Cash/Share N/A
EPS $3.07
ROA 0.97%
ROE N/A
Debt/Equity 7.15
Net debt/EBITDA N/A
Current ratio N/A
Quick ratio N/A