FRMEP
Price:
$25.64
Market Cap:
$2.41B
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquarte...[Read more]
Industry
Banks - Regional
IPO Date
2020-08-18
Stock Exchange
NASDAQ
Ticker
FRMEP
According to First Merchants Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.12. This represents a change of 30.89% compared to the average of 0.09 of the last 4 quarters.
The mean historical Current Ratio of First Merchants Corporation over the last ten years is 1.01K. The current 0.12 Current Ratio has changed -98.80% with respect to the historical average. Over the past ten years (40 quarters), FRMEP's Current Ratio was at its highest in in the December 2021 quarter at 1.10K. The Current Ratio was at its lowest in in the June 2024 quarter at 0.03.
Average
1.01K
Median
1.23K
Minimum
0
Maximum
1.79K
Discovering the peaks and valleys of First Merchants Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 146.28%
Maximum Annual Current Ratio = 1.79K
Minimum Annual Increase = -100.00%
Minimum Annual Current Ratio = 0
Year | Current Ratio | Change |
---|---|---|
2023 | 0 | -100.00% |
2022 | 44.32 | -95.98% |
2021 | 1.10K | 41.56% |
2020 | 778.30 | 146.28% |
2019 | 316.02 | -76.95% |
2018 | 1.37K | -16.79% |
2017 | 1.65K | -7.72% |
2016 | 1.79K | 7.71% |
2015 | 1.66K | 22.09% |
2014 | 1.36K | -40.83% |
The current Current Ratio of First Merchants Corporation (FRMEP) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
382.02
5-year avg
448.08
10-year avg
1.01K
First Merchants Corporation’s Current Ratio is less than Heartland Financial USA, Inc. (0.13), greater than OceanFirst Financial Corp. (0), less than Old National Bancorp (0.28), less than Old National Bancorp (0.28), greater than United Community Banks, Inc. (0.03),
Company | Current Ratio | Market cap |
---|---|---|
0.13 | $1.09B | |
0 | $1.47B | |
0.28 | $7.99B | |
0.28 | $8.05B | |
0.03 | $2.85B |
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