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About the company
First Merchants Corporation is a financial holding company. The Company conducts banking activities through its wholly owned subsidiary, First Merchants Bank (the Bank). The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). Through the Bank, the Company offers a broad range of financial services, including accepting time, savings, and demand deposits; making consumer, commercial, agri-business and real estate mortgage loans; providing personal and corporate trust services; offering full-service brokerage and private wealth management; and providing letters of credit, repurchase agreements and other corporate services. The Company operates through a community banking segment. The Bank includes 116 banking locations in Indiana, Ohio, Michigan, and Illinois. In addition to its branch network, the Company offers comprehensive electronic and mobile delivery channels to its customers.
- Revenue in USD (TTM)950.35m
- Net income in USD177.66m
- Incorporated1982
- Employees2.16k
- LocationFirst Merchants Corp200 E Jackson St,PO Box 792MUNCIE 47308-0792United StatesUSA
- Phone+1 (765) 747-1500
- Websitehttps://ir.firstmerchants.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hilltop Holdings Inc. | 844.57m | 106.37m | 2.14bn | 3.80k | 20.15 | 0.9823 | 15.03 | 1.82 | 1.63 | 1.63 | 18.09 | 33.51 | -- | -- | -- | -- | 0.7195 | 1.55 | -- | -- | -- | -- | 9.87 | 16.05 | -- | -- | -- | 15.25 | 41.83 | 7.85 | -3.08 | -1.21 | -34.06 | 17.52 |
| Renasant Corp | 872.86m | 178.83m | 2.38bn | 2.30k | 12.24 | 0.8944 | 11.26 | 3.42 | 3.05 | 3.05 | 12.01 | 41.82 | -- | -- | -- | -- | 1.02 | 0.9549 | -- | -- | -- | -- | 25.73 | 23.25 | -- | -- | -- | 34.06 | 47.16 | 11.54 | -12.88 | -0.3071 | -0.658 | 1.92 |
| NBT Bancorp Inc. | 604.85m | 135.08m | 2.38bn | 2.03k | 17.73 | 1.57 | 21.28 | 4.21 | 2.85 | 2.85 | 11.94 | 32.26 | -- | -- | -- | -- | 0.9765 | 1.17 | -- | -- | -- | -- | 23.86 | 26.74 | -- | -- | -- | 37.88 | 36.12 | 8.71 | -21.85 | 2.07 | 4.57 | 4.61 |
| WesBanco Inc | 803.37m | 126.73m | 2.41bn | 2.32k | 17.32 | 0.9075 | -- | 4.08 | 2.08 | 2.08 | 9.72 | 41.90 | -- | -- | -- | -- | 0.7633 | 1.08 | -- | -- | -- | -- | 23.15 | 30.06 | -- | -- | -- | 48.43 | 38.52 | 11.39 | -18.18 | 0.797 | 36.97 | 4.53 |
| Seacoast Banking Corporation of Florida | 716.48m | 116.44m | 2.56bn | 1.45k | 21.87 | 1.17 | 17.02 | 5.01 | 1.37 | 1.37 | 6.00 | 25.68 | -- | -- | -- | -- | 0.7765 | 1.07 | -- | -- | -- | -- | 22.80 | 25.95 | -- | -- | -- | 24.31 | 81.07 | 23.34 | -2.32 | 9.03 | 20.69 | -- |
| Banner Corp | 753.41m | 165.13m | 2.57bn | 1.97k | 15.59 | 1.43 | 13.79 | 4.28 | 4.78 | 4.78 | 17.38 | 52.06 | -- | -- | -- | -- | 1.04 | 1.14 | -- | -- | -- | -- | 27.50 | 28.33 | -- | -- | -- | 38.34 | 22.53 | 8.64 | -6.02 | 6.77 | -8.70 | 7.62 |
| First Merchants Corp | 950.35m | 177.66m | 2.61bn | 2.16k | 14.76 | 1.14 | 13.66 | 4.17 | 3.02 | 3.02 | 10.64 | 39.62 | -- | -- | -- | -- | 0.988 | 1.30 | -- | -- | -- | -- | 28.68 | 35.23 | -- | -- | -- | 33.53 | 47.75 | 16.99 | 0.5565 | 6.88 | -- | 9.79 |
| FB Financial Corp | 714.00m | 107.52m | 2.66bn | 1.59k | 24.90 | 1.71 | 21.59 | 6.03 | 2.29 | 2.29 | 9.42 | 33.48 | -- | -- | -- | -- | 0.8464 | 1.13 | -- | -- | -- | -- | 24.35 | 23.22 | -- | -- | -- | 17.00 | 40.92 | 23.14 | -3.48 | 8.54 | 14.80 | 24.57 |
| TowneBank | 762.60m | 149.30m | 2.68bn | 2.78k | 17.97 | 1.25 | 20.20 | 3.99 | 1.99 | 1.99 | 8.96 | 28.59 | -- | -- | -- | -- | 0.8848 | 1.21 | -- | -- | -- | -- | 22.29 | 26.86 | -- | -- | -- | 35.37 | 36.16 | 10.83 | -18.66 | 2.71 | 16.18 | 9.86 |
| Inter & Co Inc | 830.71m | 109.84m | 2.71bn | 3.24k | 23.51 | 1.84 | 18.14 | 2.75 | 0.2625 | 0.2625 | 2.37 | 3.35 | -- | -- | -- | -- | 1.17 | 0.2358 | -- | -- | -- | -- | 12.03 | 2.64 | -- | -- | -- | 0.00 | 62.34 | 49.26 | 2,826.27 | 41.33 | 56.07 | -- |
| Bancorp Inc | 544.86m | 205.66m | 2.77bn | 757.00 | 14.50 | 3.40 | 13.06 | 5.61 | 3.96 | 3.96 | 9.47 | 16.90 | -- | -- | -- | -- | 2.64 | 1.72 | -- | -- | -- | -- | 41.69 | 34.00 | -- | -- | -- | 0.00 | 65.27 | 28.06 | 47.68 | 17.04 | 39.77 | -- |
| First Financial Bancorp | 988.96m | 220.68m | 2.80bn | 2.08k | 12.68 | 1.14 | 11.17 | 3.45 | 2.32 | 2.32 | 8.52 | 25.66 | -- | -- | -- | -- | 1.25 | 1.30 | -- | -- | -- | -- | 27.17 | 30.07 | -- | -- | -- | 42.77 | 54.36 | 10.81 | 17.58 | 8.19 | 5.77 | 3.36 |
| Banc of California Inc | 2.61bn | -753.88m | 2.81bn | 2.30k | 5.17 | 0.9347 | -- | 5.35 | 3.22 | 3.22 | 3.13 | 20.74 | -- | -- | -- | -- | -3.25 | -2.85 | -- | -- | -- | -- | -131.86 | -119.40 | -- | -- | -- | -- | 428.74 | 36.05 | -1,774.78 | -- | 11.08 | -5.11 |
| BankUnited Inc | 1.94bn | 180.51m | 2.97bn | 1.59k | 16.31 | 1.06 | 12.02 | 3.02 | 2.44 | 2.44 | 13.31 | 37.56 | -- | -- | -- | -- | 0.517 | 0.7955 | -- | -- | -- | -- | 18.71 | 29.78 | -- | -- | -- | 27.95 | 50.97 | 5.09 | -37.44 | -10.90 | -- | 4.76 |
| WaFd Inc | 1.37bn | 185.42m | 3.04bn | 2.12k | 15.09 | 1.13 | 11.37 | 4.21 | 2.48 | 2.48 | 9.71 | 36.94 | -- | -- | -- | -- | 0.7917 | 1.01 | -- | -- | -- | -- | 27.72 | 32.36 | -- | -- | -- | 33.60 | 31.52 | 15.36 | -23.63 | -2.48 | -- | 5.45 |
Data as of Nov 13 2024. Currency figures normalised to First Merchants Corp's reporting currency: US Dollar USD
41.54%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| The Vanguard Group, Inc.as of 30 Jun 2024 | 6.34m | 10.83% |
| BlackRock Fund Advisorsas of 30 Jun 2024 | 4.27m | 7.30% |
| Dimensional Fund Advisors LPas of 30 Sep 2024 | 3.41m | 5.83% |
| EARNEST Partners LLCas of 30 Jun 2024 | 2.69m | 4.61% |
| SSgA Funds Management, Inc.as of 30 Jun 2024 | 2.05m | 3.51% |
| American Century Investment Management, Inc.as of 30 Jun 2024 | 1.46m | 2.50% |
| Geode Capital Management LLCas of 30 Jun 2024 | 1.39m | 2.38% |
| Victory Capital Management, Inc. (Investment Management)as of 30 Sep 2024 | 1.00m | 1.72% |
| Principal Global Investors LLCas of 30 Sep 2024 | 886.09k | 1.52% |
| William Blair Investment Management LLCas of 30 Sep 2024 | 800.72k | 1.37% |
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Data from 30 Jun 2024 - 30 Sep 2024Source: FactSet Research Systems Inc.
