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First Merchants Corporation (FRME)

NEUTRAL
Financial ServicesBanks - RegionalUnited States

Fondamental

59

Prix

$41.49

Capitalisation boursière

$2.65B

Partie 1 · Ce que vaut l'entreprise

Vue d'ensemble

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products. It also provides personal and commercial wealth management services, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

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Bilan & Liquidités

Chiffre d'affaires

$660M

12 derniers mois (au 31/03/2026)

Résultat net

$199M

12 derniers mois (au 31/03/2026)

Flux de trésorerie libre

-

Capitaux propres totaux

$2.47B

Passif total

$16.56B

Ratio de liquidité général

-

Couverture des intérêts

0.40

Dette/EBITDA

-

Bénéfice par action

Chiffre d'affaires & Résultat net

Flux de trésorerie libre

Décomposition du résultat

État historique

Marges dans le temps

La dette dans le temps

Grille de la croissance

Croissance — Chiffre d'affaires

Estimation de la juste valeur

BankSurévalué

Juste valeur

$32.75

Prix actuel

$41.49

Marge de sécurité

-26.7%

Fourchette de juste valeur

$23.79 - $41.72

Méthodes d'estimation

Analyst price target:$48.00
Discounted cash flow (DCF):Not applicable to this type of company
Earnings multiple (P/E):$30.90
Graham growth formula:Not applicable to this type of company
Earnings power value (EPV):Not applicable to this type of company
Justified P/B:$26.10
Dividend discount (Gordon):$28.37
P/FFO, funds from operations:Not applicable to this type of company
Mid-cycle earnings:Not applicable to this type of company
Revenue multiple:Not applicable to this type of company
Consensus des analystes:Acheter (9B / 3H / 0S)
Dernière surprise sur les résultats:-29.60%

Indicateurs de valorisation

Ratio P/E

12.37

ROE

9.2%

Ratio P/B

0.99

P/FCF

-

Marge brute

-

ROIC

-

Radar de rentabilité

Value Creation (Economic Moat)

ROIC

-

WACC

11.5%

ROIC − WACC

-

Critères d'analyse fondamentale

Réussi (11)

  • EPS shows upward trend
  • P/B Ratio 0.99
  • Operating Margin 33.8%
  • Low reliance on intangibles
  • Price below Graham Number
  • Revenue Growth 5Y 14.0%
  • Analyst Consensus 75% Buy
  • PEG Ratio 1.98
  • Earnings Quality (OCF/NI) 1.41
  • Share Dilution -1.4%
  • Piotroski F-Score 6/9

Échoué (8)

  • Price CAGR 1.11%
  • Debt/Equity ratio
  • Interest Coverage
  • Return on Tangible Assets
  • DCF valuation (Unknown)
  • ROE 7.3%
  • Earnings Surprise avg -4.9%
  • Net Margin Trend 30.1% vs 32.0%

Indisponible (8)

  • ROIC NaN%
  • Gross Margin NaN%
  • P/FCF NaN
  • Dividend Payout NaN%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Debt/EBITDA

Score F de Piotroski

6/9

Signaux mixtes : certains domaines nécessitent attention

score
criteria

Qualité des bénéfices

1.41

Qualité élevée : bénéfices soutenus par la trésorerie

Dilution du capital

-1.4%

Rachat d'actions. Favorable aux actionnaires

Gouvernance

Équipe dirigeante

NomTitreÂge
Mr. Mark K. Hardwick CPACEO & Director54
Mr. Michael C. RechinAdvisor & Vice Chair66
Mr. Michael J. StewartPresident59
Ms. Michele M. KawieckiExecutive VP, CFO & Principal Accounting Officer52
Mr. John J. MartinExecutive VP & Chief Credit Officer58
Mr. Joseph C. PetersonExecutive VP & Chief Commercial Officer49
Mr. Marcos Nogues C.F.A.Chief Investment Officer-
Mr. Stephan H. FluhlerSenior VP & Chief Information Officer56
Ms. Nicole M. WeaverVP & Director of Corporate Administration-
Mr. Brian T. Hunt J.D.Secretary & Legal Counsel65

Risque d'audit

3

Risque du conseil

3

Risque de rémunération

4

Risque droits des actionnaires

4

Partie 2 · Le prix et le moment d'entrer

Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.

Latest News

Recent headlines for FRME, sourced from Markets Gazette.

No recent news for FRME.