First Merchants Corporation

First Merchants Corporationverified

FRME

Price:

$40.87

Market Cap:

$2.40B

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

1989-06-20

Stock Exchange

NASDAQ

Ticker

FRME

The Enterprise Value as of December 2024 (TTM) for First Merchants Corporation (FRME) is 2.88B

According to First Merchants Corporation’s latest financial reports and current stock price. The company's current Enterprise Value is 2.88B. This represents a change of 9.17% compared to the average of 2.64B of the last 4 quarters.

First Merchants Corporation (FRME) Historical Enterprise Value (quarterly & annually)

How has FRME Enterprise Value performed in the past?

The mean historical Enterprise Value of First Merchants Corporation over the last ten years is 2.06B. The current 2.88B Enterprise Value has changed 13.91% with respect to the historical average. Over the past ten years (40 quarters), FRME's Enterprise Value was at its highest in in the December 2022 quarter at 3.16B. The Enterprise Value was at its lowest in in the December 2014 quarter at 952.68M.

Quarterly (TTM)
Annual

Average

2.06B

Median

2.02B

Minimum

930.45M

Maximum

3.10B

First Merchants Corporation (FRME) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of First Merchants Corporation Enterprise Value, 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 = 52.00%

Maximum Annual Enterprise Value = 3.10B

Minimum Annual Increase = -16.62%

Minimum Annual Enterprise Value = 930.45M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
20232.96B-4.52%
20223.10B50.07%
20212.06B6.14%
20201.94B-16.62%
20192.33B18.66%
20181.97B-13.05%
20172.26B25.02%
20161.81B52.00%
20151.19B27.87%
2014930.45M22.61%

First Merchants Corporation (FRME) Average Enterprise Value

How has FRME Enterprise Value performed in the past?

The current Enterprise Value of First Merchants Corporation (FRME) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.71B

5-year avg

2.48B

10-year avg

2.06B

First Merchants Corporation (FRME) Enterprise Value vs. Peers

How is FRME’s Enterprise Value compared to its peers?

First Merchants Corporation’s Enterprise Value is greater than Home Bancorp, Inc. (472.61M), greater than HomeTrust Bancshares, Inc. (391.64M), greater than Great Southern Bancorp, Inc. (1.05B), greater than Bank of South Carolina Corporation (84.59M), greater than Finward Bancorp (232.01M), greater than First Bancorp (1.13B), greater than Independent Bank Corporation (694.93M), greater than National Bank Holdings Corporation (1.53B), greater than German American Bancorp, Inc. (1.29B), greater than Horizon Bancorp, Inc. (1.86B), greater than Community West Bancshares (423.55M), greater than First Financial Northwest, Inc. (218.24M), greater than Northfield Bancorp, Inc. (Staten Island, NY) (1.36B), greater than HMN Financial, Inc. (122.31M), greater than First Northwest Bancorp (364.52M), greater than Oconee Federal Financial Corp. (125.31M), greater than Cullman Bancorp, Inc. (105.86M),

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