First Merchants Statistics

Total Valuation

First Merchants has a market cap or net worth of $2.53 billion. The enterprise value is $3.90 billion.

Market Cap	2.53B
Enterprise Value	3.90B

Important Dates

The last earnings date was Wednesday, April 22, 2026, after market close.

Earnings Date	Apr 22, 2026
Ex-Dividend Date	Mar 6, 2026

Share Statistics

First Merchants has 62.51 million shares outstanding. The number of shares has increased by 0.25% in one year.

Current Share Class	62.51M
Shares Outstanding	62.51M
Shares Change (YoY)	+0.25%
Shares Change (QoQ)	+6.21%
Owned by Insiders (%)	1.91%
Owned by Institutions (%)	71.47%
Float	61.31M

Valuation Ratios

The trailing PE ratio is 12.02 and the forward PE ratio is 9.49.

PE Ratio	12.02
Forward PE	9.49
PS Ratio	3.97
Forward PS	3.03
PB Ratio	0.95
P/TBV Ratio	1.39
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

EV / Earnings	19.82
EV / Sales	6.12
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

Current Ratio	n/a
Quick Ratio	n/a
Debt / Equity	n/a
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 7.95%.

Return on Equity (ROE)	7.95%
Return on Assets (ROA)	1.01%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Weighted Average Cost of Capital (WACC)	5.52%
Revenue Per Employee	$305,758
Profits Per Employee	$94,412
Employee Count	2,086
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, First Merchants has paid $24.17 million in taxes.

Income Tax	24.17M
Effective Tax Rate	10.84%

Stock Price Statistics

The stock price has increased by +13.61% in the last 52 weeks. The beta is 0.88, so First Merchants's price volatility has been lower than the market average.

Beta (5Y)	0.88
52-Week Price Change	+13.61%
50-Day Moving Average	39.35
200-Day Moving Average	38.74
Relative Strength Index (RSI)	55.01
Average Volume (20 Days)	368,997

Short Selling Information

The latest short interest is 1.24 million, so 1.99% of the outstanding shares have been sold short.

Short Interest	1.24M
Short Previous Month	1.25M
Short % of Shares Out	1.99%
Short % of Float	2.03%
Short Ratio (days to cover)	3.01

Income Statement

In the last 12 months, First Merchants had revenue of $637.81 million and earned $196.94 million in profits. Earnings per share was $3.37.

Revenue	637.81M
Gross Profit	637.81M
Operating Income	245.47M
Pretax Income	222.99M
Net Income	196.94M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$3.37

Full Income Statement

Balance Sheet

The company has $273.44 million in cash and $1.64 billion in debt, giving a net cash position of -$1.37 billion or -$21.94 per share.

Cash & Cash Equivalents	273.44M
Total Debt	1.64B
Net Cash	-1.37B
Net Cash Per Share	-$21.94
Equity (Book Value)	2.67B
Book Value Per Share	42.35
Working Capital	-15.87B

Full Balance Sheet

Cash Flow

Operating Cash Flow	n/a
Capital Expenditures	n/a
Depreciation & Amortization	n/a
Net Borrowing	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Full Cash Flow Statement

Margins

Gross Margin	n/a
Operating Margin	38.49%
Pretax Margin	34.96%
Profit Margin	31.17%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $1.44, which amounts to a dividend yield of 3.56%.

Dividend Per Share	$1.44
Dividend Yield	3.56%
Dividend Growth (YoY)	2.86%
Years of Dividend Growth	14
Payout Ratio	42.77%
Buyback Yield	-0.25%
Shareholder Yield	3.32%
Earnings Yield	7.78%
FCF Yield	n/a

Dividend Details

Analyst Forecast

The average price target for First Merchants is $48.33, which is 19.39% higher than the current price. The consensus rating is "Buy".

Price Target	$48.33
Price Target Difference	19.39%
Analyst Consensus	Buy
Analyst Count	4
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Forecasts

Stock Splits

The last stock split was on August 27, 2003. It was a forward split with a ratio of 1.05:1.

Last Split Date	Aug 27, 2003
Split Type	Forward
Split Ratio	1.05:1

Scores

Altman Z-Score	n/a
Piotroski F-Score	2