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First Merchants (FRME)

(Delayed Data from NSDQ)

$35.05 USD

35.05
229,180

+0.33 (0.95%)

Updated Apr 24, 2024 04:00 PM ET

After-Market: $35.04 -0.01 (-0.03%) 7:20 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

C Value D Growth B Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 40% (150 out of 252)

Industry: Banks - Midwest

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Better trading starts here.

Balance Sheet

Research for FRME

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for First Merchants Corporation falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 549 249 641 585 295
Receivables 12,379 11,866 9,104 9,166 8,428
Notes Receivable 0 0 0 0 0
Inventories 19 9 11 4 9
Other Current Assets 0 0 0 0 0
Total Current Assets 12,946 12,123 9,756 9,756 8,732
Net Property & Equipment 134 117 106 111 113
Investments & Advances 3,853 4,302 4,553 3,176 2,625
Other Non-Current Assets 5 6 1 1 8
Deferred Charges 100 111 36 12 12
Intangibles 739 748 571 573 579
Deposits & Other Assets 629 530 431 439 388
Total Assets 18,406 17,938 15,453 14,067 12,457
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 157 339 182 177 243
Accounts Payable 14,821 14,383 12,733 11,362 9,840
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 19 8 3 3 7
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 14,998 14,729 12,917 11,542 10,090
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 872 975 453 508 490
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 289 199 171 142 91
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 16,158 15,904 13,541 12,192 10,671
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 25 25 0 0 0
Common Stock (Par) 7 7 7 7 7
Capital Surplus 1,237 1,229 986 1,005 1,055
Retained Earnings 1,155 1,013 865 789 697
Other Equity -176 -239 55 75 28
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 2,248 2,035 1,913 1,876 1,786
Total Liabilities & Shareholder's Equity 18,406 17,938 15,453 14,067 12,457
Total Common Equity 2,223 2,010 1,912 1,876 1,786
Shares Outstanding 59.40 59.50 53.90 54.20 55.70
Book Value Per Share 37.42 33.78 35.48 34.60 32.07

Fiscal Year End for First Merchants Corporation falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 549 474 328 479
Receivables NA 12,379 12,156 12,139 12,104
Notes Receivable NA 0 0 0 0
Inventories NA 19 31 27 9
Other Current Assets NA 0 0 0 0
Total Current Assets NA 12,946 12,660 12,495 12,592
Net Property & Equipment NA 134 132 114 116
Investments & Advances NA 3,853 3,756 3,933 4,099
Other Non-Current Assets NA 5 6 8 8
Deferred Charges NA 100 136 114 103
Intangibles NA 739 741 743 746
Deposits & Other Assets NA 629 565 561 515
Total Assets NA 18,406 17,997 17,968 18,179
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 157 153 152 179
Accounts Payable NA 14,821 14,647 14,581 14,703
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 19 16 14 12
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 14,998 14,816 14,747 14,894
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 872 872 875 975
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 216 201 187
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 16,158 15,904 15,823 16,056
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 25 25 25 25
Common Stock (Par) NA 7 7 7 7
Capital Surplus NA 1,237 1,234 1,234 1,232
Retained Earnings NA 1,155 1,133 1,097 1,057
Other Equity NA -176 -307 -218 -199
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 2,248 2,093 2,146 2,122
Total Liabilities & Shareholder's Equity NA 18,406 17,997 17,968 18,179
Total Common Equity 0 2,223 2,068 2,120 2,097
Shares Outstanding 59.20 59.40 59.80 59.70 59.60
Book Value Per Share 0.00 37.42 34.57 35.52 35.19