First Merchants Valuation

First Merchants Investor Information

About 71.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 0.96. Some equities with similar Price to Book (P/B) outperform the market in the long run. First Merchants has Price/Earnings To Growth (PEG) ratio of 1.4. The company last dividend was issued on the 6th of March 2026. The firm completed a 105:100 stock split on 27th of August 2003. First Merchants financial framework integrates liquidity support with earnings capacity. Operating returns remain positive, suggesting ongoing earnings capacity. For financial institutions, capital adequacy, leverage ratios, and funding structure are central to financial strength assessment.

First Merchants Asset Utilization

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. First Merchants has an asset utilization ratio of 5.52 percent. This indicates that the Company is making $0.0552 for each dollar of assets. An increasing asset utilization means that First Merchants is more efficient with each dollar of assets it utilizes for everyday operations.

First Merchants Profitability Analysis

Based on First Merchants' profitability indicators, First Merchants may not be well positioned to generate adequate gross income at this time. Current readings indicate it has a very high probability of underperforming in April. Profitability indicators assess First Merchants' ability to earn profits and add value for shareholders.As of last week, Gross Profit is projected to grow to approximately 672.2 M, whereas Pretax Profit Margin is moving lower toward 0.18.

	Current Value	Last Year	Change From Last Year	10 Year Trend
Gross Profit Margin	0.53	0.6096	Fairly Down	Slightly volatile
Net Profit Margin	0.14	0.2152	Way Down	Slightly volatile
Operating Profit Margin	0.18	0.2467	Way Down	Pretty Stable
Pretax Profit Margin	0.18	0.2467	Way Down	Pretty Stable
Return On Assets	0.0116	0.0119	Fairly Down	Slightly volatile
Return On Equity	0.1	0.0916	Significantly Up	Slightly volatile

First Merchants Earnings per Share Projection vs Actual

Projected EPS for First Merchants is 0.87, with a low-high corridor of 0.94 to 0.98. The latest trailing EPS is 3.88, allowing a direct check of consensus level versus realized earnings base. EPS forecast analysis for First Merchants is useful, but investors should remember that consensus numbers often reflect a normalized estimate rather than a full reconstruction of every accounting detail. First Merchants is projected to generate 0.8667 in earnings per share on 31st of March 2026. Future earnings-per-share expectations are often a key input when investors test valuation assumptions and momentum into the next quarter.

First Merchants Earnings Estimation Breakdown

Analyst consensus points to a next EPS of 0.8667 for First Merchants, supported by trailing twelve-month earnings data from First Merchants. The full range of analyst projections spans 0.94 to 0.98, quantifying the uncertainty in the forward estimate. One-time items are stripped from this figure to reflect the ongoing earnings run rate.

First Merchants Earnings Projection Consensus

First Merchants Ownership Allocation

The majority of First Merchants' outstanding shares are owned by institutional investors. Large asset managers, pension funds, and sovereign wealth funds that invest on behalf of clients or beneficiaries are typically subject to stricter disclosure rules than retail investors - including mandatory 13F filings that reveal quarterly position changes. Tracking these filings can highlight shifts in institutional conviction around First Merchants. Institutional ownership in First Merchants stands at roughly 71%, compared to 2% insider ownership and a public float of approximately 27%.

First Merchants Profitability Analysis

The company reported previous year's revenue of 1.05 B. Net Income was 226 M with profit before overhead, payroll, taxes, and interest of 641.7 M.

First Merchants Past Distributions to Stockholders

Investors studying First Merchants need valuation context because market price alone does not explain whether the business is being priced aggressively or cautiously. Used properly, valuation helps investors judge whether the current market view looks justified relative to the company's operating evidence.

Share ownership in First Merchants is more than a price quote; it is a proportionate claim on the company's equity base and future distributions. Shares outstanding are near 63.4 M.

A growth thesis around First Merchants should be tested carefully because strong valuation often reflects confidence that the business can keep compounding faster than peers. Used properly, growth analysis helps investors separate durable compounding from optimism that may already be fully priced in.

Valuation work on First Merchants becomes more reliable when investors compare several lenses at once, including market value, enterprise value. revenue scale, and expected cash-flow durability. The better valuation questions are comparative: what is the market paying for each dollar of revenue, profit, and asset base, and is that premium justified?