First Merchants Corporation

As of March 31, 2026, First Merchants Corporation carries a market capitalization of 2.09B, placing it among publicly traded companies globally. Its enterprise value stands at 2.72B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

First Merchants Corporation's next confirmed earnings release is scheduled for January 28, 2027.

As of March 31, 2026, First Merchants Corporation has 62.51M shares outstanding.

As of March 31, 2026, First Merchants Corporation trades at a trailing price-to-earnings ratio of 11.39. The price-to-sales ratio is 3.40, and the price-to-book ratio stands at 0.91.

These figures are as of March 31, 2026. The EV/Sales ratio of 4.76 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. First Merchants Corporation trades at an EV/FCF ratio of 11.19, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 2.72B versus a market cap of 2.09B, with the gap driven by net debt and cash on the balance sheet.

These figures are as of March 31, 2026.

Over the twelve months ended March 31, 2026, First Merchants Corporation posted a return on equity (ROE) of 7.95, showing how much profit the company earns on every dollar of shareholder capital. Return on assets (ROA) stands at 1.01, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 5.36, useful for judging operating efficiency across full business cycles. The company generates approximately 271,402.40 in revenue per employee across its workforce of 2,103.00, a quick read on workforce productivity versus industry peers.

Over the twelve months ended March 31, 2026, First Merchants Corporation recorded 20.91M in income tax expense. That works out to an effective tax rate of 10.84, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 192.90M, leaving 172.00M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

As of the close on September 3, 2026, First Merchants Corporation's stock has gained approximately 1.70% over the past 52 weeks. The 50-day moving average sits at 37.12, while the 200-day moving average is 34.36.

Over the twelve months ended March 31, 2026, First Merchants Corporation generated 570.76M in revenue and converted that into 172.00M in net income, yielding earnings per share of 2.94.

As of March 31, 2026, First Merchants Corporation holds 591.63M in cash and equivalents against 1.20B in total debt, resulting in a net debt position of 962.08M.

First Merchants Corporation produced 242.69M in operating cash flow over the twelve months ended March 31, 2026.

These figures cover the twelve months ended March 31, 2026.

Over the twelve months ended March 31, 2026, First Merchants Corporation paid dividends of 1.30 per share. The dividend payout ratio of 43.28 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 12.44, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 0.96, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to First Merchants Corporation shareholders.

First Merchants Corporation's most recent stock split took place on August 27, 2003 with a 20:21 split ratio.