Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
FRME
HoldUnloved QualityFirst Merchants Corporation · Financial Services · United States · $2.6B · Avg Vol: $15M/d
COMPANY DESCRIPTION
First Merchants Corporation is a prominent regional bank holding company providing comprehensive financial services through its subsidiary, First Merchants Bank. The company's competitive strength lies in its deep roots within Indiana and Ohio communities, fostering strong customer relationships and local market expertise. First Merchants has grown strategically through acquisitions, maintaining a diversified loan portfolio and an emphasis on community-focused banking.
FINANCIAL SUMMARY (USD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | 628.1M | 651.0M | 626.7M | 662.9M | 1.8% | 642.2M | 776.8M | 816.1M | 11.0% |
| EPS | 3.82 | 3.83 | 3.74 | 3.42 | 3.90 | 0.5% | 3.11 | 3.87 | 4.49 | 7.3% |
| Shares | — | 59.2M | 59.4M | 58.0M | 57.0M | -3.7% | 62.8M | — | — | — |
| Debt | — | 975.0M | 871.5M | 916.1M | 856.2M | -4.2% | 1.7B | — | — | — |
| Equity | — | 2.0B | 2.2B | 2.3B | 2.5B | 6.6% | — | — | — | — |
| Op CF | — | 284.3M | 258.8M | 266.2M | 283.6M | -0.1% | 314.9M | — | — | — |
| Inv CF | — | -462.7M | -344.4M | -252.4M | -773.8M | — | — | — | — | — |
| Fin CF | — | 133.8M | 75.6M | -38.8M | 486.7M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of FRME are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| FRME | First Merchants Corporation(you) | $2.6B | 54 | Hold |
| FBNC | First Bancorp | $2.6B | 52 | Hold |
| SYBT | Stock Yards Bancorp, Inc. | $2.5B | 53 | Hold |
| WAFD | WaFd, Inc. | $2.7B | 57 | Hold |
| EFSC | Enterprise Financial Services Corp | $2.3B | 52 | Hold |
| PRK | Park National Corporation | $3.6B | 54 | Hold |
| NIC | Nicolet Bankshares, Inc. | $3.6B | 53 | Hold |
| LOB | Live Oak Bancshares, Inc. | $1.9B | 55 | Hold |
| INDB | Independent Bank Corp. | $3.9B | 54 | Hold |
| BOH | Bank of Hawaii Corporation | $3.0B | 49 | Hold |
Peer medians: ROE 9.5% · P/E 13.1x · Gross margin 100.0%