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First Merchants Corporation (FRME) Stock Verdict & Ratings | Investment Bastion

Stock Verdict·Updated 1d ago

First Merchants Corporation

FRMEMarket cap $2.49BPrice $39.7

Country🇺🇸United States

SectorFinancials

IndustryBanks

Runs a Midwest community bank serving Indiana, Ohio, Illinois, and Michigan through commercial lending, wealth management, and retail banking. With over $18 billion in assets, it's built a reputation for stability rather than flashy growth.

In Bastion Portfolios?

52W Return+13%Global Market +16%?

01Key Ratings

How does this stock score across Bastion factors?

Growth

Historical Revenue

Rev CAGR (3y)+2%–

Revenue Forecast

Rev CAGR (1y)na–

Rev CAGR (3y)+12%–

Rev CAGR (5y)+8%7

Earnings Forecast

EPS Growth Y+1-1%3

EPS Growth Y+2+13%7

EPS Growth Y+3+5%5

Quality

Margins

EBIT Margin0%4

Net Income Margin29%9

Free Cash Flow Margin49%10

Debt

Net Debt/EBITDAna–

Efficiency

ROE7%4

ROA1%3

Earnings Stability44

GEAR+

Not enough data to calculate the GEAR+ rating.

Value

Price Multiples

P/E Ratio (Forward)99

P/E Ratio (Forward 3y)99

P/BV0.910

EV Multiples

EV/EBITDA Fwd09

EV/EBIT Fwd09

Yield

Free Cash Flow Yield0.0%8

Dividend Yield3.7%8

Momentum

Short term

1 month return-6%4

3 month return-7%4

YTD return+9%6

Mid term

Price vs 52wHigh88%7

1 year return+8%6

Long term

3 year return+59%6

5 year return+10%4

Risk Shield

Price Risk

Beta0.86

Volatility23%9

Free Cash Flow

Free Cash Flow Margin49%10

Free Cash Flow Yield0.0%8

Quality

ROCE6%3

Earnings Stability44

Net Debt/EBITDAna–

02Growth

Is it actually growing, and how fast?

FRMEFirst Merchants

Revenue FY25$663M

GROWTH RATING↗

——

REVENUE GROWTH▾SCORE

Revenue, last 3Y, CAGR+2%–

Revenue, next 1Yna–

Revenue, next 3Y, CAGR+12%–

Revenue, next 5Y, CAGR+8%7

EARNINGS FORECAST▾SCORE

EPS growth, FY26E-1%3

EPS growth, FY27E+13%7

EPS growth, FY28E+5%5

GROWTH ASSESSMENT

STRENGTHS

Revenue is set to grow 12%/yr over the next 3 years, ahead of most of the market.7/10

Revenue grew 2%/yr over the last 3 years and is set to grow 12%/yr from here.

The runway holds up: revenue is set to grow 8%/yr over five years.7/10

WATCH

Earnings are set to grow slower than sales (EPS about 5%/yr vs revenue 12%/yr), so margins are under pressure.

WEAKNESSES

Growth is the weak spot here, trailing 100% of companies worldwide.

BOTTOM LINE

Stalled Business

Growth is a weak point here: a business that's speeding up. The one thing to watch: earnings are set to grow slower than sales.

03Price Momentum

Is the market behind it right now?

MOMENTUM RATING↗

AVERAGE43 / 100

SHORT-TERM RETURNS▾SCORE

1-month return-6%4

3-month return-7%4

YTD return+9%6

MID & LONG-TERM▾SCORE

% of 52-week high88%7

1-year return+8%6

3-year return+59%6

5-year return+10%4

MOMENTUM ASSESSMENT

STRENGTHS

It's up 8% over the past year, but 12% below its 52-week high. That is clearly ahead of the market.

WATCH

Average long-term results. Multi-year returns are middling (+59% over three years and +10% over five), roughly average for the market.

Returns sit at the market level over the past month (-6%), over three months (-7%) and so far this year (+9%).

WEAKNESSES

None flagged.

BOTTOM LINE

Mixed Momentum

Horizons disagree or sit near the middle of the pack. Momentum investors may want a clearer trend before sizing up.

04Value

Are you paying a fair price for it?

Stop guessing on First Merchants Corporation. Get the full investment case.

Premium

$20.75/month

Billed annually at $249/year $348

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02Growth

Is it actually growing, and how fast?

FRMEFirst Merchants

Revenue FY25$663M

GROWTH RATING↗

——

REVENUE GROWTH▾SCORE

Revenue, last 3Y, CAGR+2%–

Revenue, next 1Yna–

Revenue, next 3Y, CAGR+12%–

Revenue, next 5Y, CAGR+8%7

EARNINGS FORECAST▾SCORE

EPS growth, FY26E-1%3

EPS growth, FY27E+13%7

EPS growth, FY28E+5%5

GROWTH ASSESSMENT

STRENGTHS

Revenue is set to grow 12%/yr over the next 3 years, ahead of most of the market.7/10

Revenue grew 2%/yr over the last 3 years and is set to grow 12%/yr from here.

The runway holds up: revenue is set to grow 8%/yr over five years.7/10

WATCH

Earnings are set to grow slower than sales (EPS about 5%/yr vs revenue 12%/yr), so margins are under pressure.

WEAKNESSES

Growth is the weak spot here, trailing 100% of companies worldwide.

BOTTOM LINE

Stalled Business

Growth is a weak point here: a business that's speeding up. The one thing to watch: earnings are set to grow slower than sales.

03Price Momentum

Is the market behind it right now?

MOMENTUM RATING↗

AVERAGE43 / 100

SHORT-TERM RETURNS▾SCORE

1-month return-6%4

3-month return-7%4

YTD return+9%6

MID & LONG-TERM▾SCORE

% of 52-week high88%7

1-year return+8%6

3-year return+59%6

5-year return+10%4

MOMENTUM ASSESSMENT

STRENGTHS

It's up 8% over the past year, but 12% below its 52-week high. That is clearly ahead of the market.

WATCH

Average long-term results. Multi-year returns are middling (+59% over three years and +10% over five), roughly average for the market.

Returns sit at the market level over the past month (-6%), over three months (-7%) and so far this year (+9%).

WEAKNESSES

None flagged.

BOTTOM LINE

Mixed Momentum

Horizons disagree or sit near the middle of the pack. Momentum investors may want a clearer trend before sizing up.

04Value

Are you paying a fair price for it?

Stop guessing on First Merchants Corporation. Get the full investment case.

Premium

$20.75/month

Billed annually at $249/year $348

✓
Stock VerdictValuation and investment strategy for 4,000+ stocks. Days of hedge fund analyst research, done in 2 minutes.
✓
RadarFind your next investment idea: top-ranked stocks across all 9 Bastion strategies.
✓
Portfolio ManagerCheck if Bastion algorithms added the stock you care about to their portfolios.

Secure via Stripe

Trusted by 1,000+ investors in our community