First Merchants Corporation

First Merchants Corporationverified

FRME

Price:

$43.65

Market Cap:

$2.56B

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 PE Ratio as of December 2024 (TTM) for First Merchants Corporation (FRME) is 14.50

According to First Merchants Corporation’s latest financial reports and current stock price. The company's current PE Ratio is 14.50. This represents a change of 24.48% compared to the average of 11.65 of the last 4 quarters.

First Merchants Corporation (FRME) Historical PE Ratio (quarterly & annually)

How has FRME PE Ratio performed in the past?

The mean historical PE Ratio of First Merchants Corporation over the last ten years is 13.58. The current 14.50 PE Ratio has changed 10.58% with respect to the historical average. Over the past ten years (40 quarters), FRME's PE Ratio was at its highest in in the September 2017 quarter at 21.46. The PE Ratio was at its lowest in in the June 2023 quarter at 6.87.

Quarterly (TTM)
Annual

Average

13.58

Median

13.31

Minimum

9.83

Maximum

19.75

First Merchants Corporation (FRME) PE Ratio by Quarter and Year

Discovering the peaks and valleys of First Merchants Corporation PE 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 = 28.76%

Maximum Annual PE Ratio = 19.75

Minimum Annual Increase = -46.27%

Minimum Annual PE Ratio = 9.83

Quarterly (TTM)
Annual
YearPE RatioChange
20239.83-7.98%
202210.68-2.58%
202110.96-19.45%
202013.614.67%
201913.0022.54%
201810.61-46.27%
201719.754.37%
201618.9228.76%
201514.697.22%
201413.70-9.51%

First Merchants Corporation (FRME) Average PE Ratio

How has FRME PE Ratio performed in the past?

The current PE Ratio 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

10.49

5-year avg

11.62

10-year avg

13.58

First Merchants Corporation (FRME) PE Ratio vs. Peers

How is FRME’s PE Ratio compared to its peers?

First Merchants Corporation’s PE Ratio is greater than Home Bancorp, Inc. (11.07), greater than HomeTrust Bancshares, Inc. (11.65), greater than Great Southern Bancorp, Inc. (12.49), greater than Bank of South Carolina Corporation (11.36), greater than Finward Bancorp (11.59), less than First Bancorp (19.23), greater than Independent Bank Corporation (12.77), less than National Bank Holdings Corporation (14.75), less than German American Bancorp, Inc. (16.25), less than Horizon Bancorp, Inc. (37.90), less than Community West Bancshares (333.83), less than First Financial Northwest, Inc. (192.51), less than Northfield Bancorp, Inc. (Staten Island, NY) (20.32), less than HMN Financial, Inc. (23.48), greater than First Northwest Bancorp (-17.16), greater than Oconee Federal Financial Corp. (12.36), less than Cullman Bancorp, Inc. (18.05),

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