First Merchants Corporation

First Merchants Corporationverified

FRMEP

Price:

$25.51

Market Cap:

$2.27B

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

The Enterprise Value as of September 2024 (TTM) for First Merchants Corporation (FRMEP) is 3.17B

According to First Merchants Corporation’s latest financial reports and current stock price. The company's current Enterprise Value is 3.17B. This represents a change of 27.16% compared to the average of 2.49B of the last 4 quarters.

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

How has FRMEP Enterprise Value performed in the past?

The mean historical Enterprise Value of First Merchants Corporation over the last ten years is 2.03B. The current 3.17B Enterprise Value has changed 15.50% with respect to the historical average. Over the past ten years (40 quarters), FRMEP'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

2.03B

Median

2.02B

Minimum

930.45M

Maximum

3.10B

First Merchants Corporation (FRMEP) 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
20232.70B-12.80%
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 (FRMEP) Average Enterprise Value

How has FRMEP Enterprise Value performed in the past?

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

3-year avg

2.62B

5-year avg

2.43B

10-year avg

2.03B

First Merchants Corporation (FRMEP) Enterprise Value vs. Peers

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

First Merchants Corporation’s Enterprise Value is less than Heartland Financial USA, Inc. (3.22B), greater than OceanFirst Financial Corp. (2.24B), less than Old National Bancorp (11.27B), less than Old National Bancorp (11.27B), less than United Community Banks, Inc. (3.84B),

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Frequently asked questions❓

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