First Merchants Corporation

With more than 100 banking locations throughout 27 Indiana counties as well as two in both Illinois and Ohio, we provide our customers with broad financial services delivered locally by bankers who are known and trusted in their communities. First Merchants Corporation is the 105th largest financial services company in the country, as well as the largest financial services holding company headquartered in Central Indiana. Bank divisions within the corporation include: First Merchants Bank Lafayette Bank & Trust First Merchants Private Wealth Advisors, one of the largest wealth management companies in Indiana. Together we offer consumer banking, mortgage banking, business banking, cash management services, and wealth management, and are focused on building deep, lifelong client relationships and providing maximum shareholder value. We are a team of associates who support and expect superior results from our company and ourselves. Accountability and execution is the foundation of our success. We provide an experience where customers can bank with their neighbors, realizing that our business begins and ends with people. Member FDIC, Equal Housing Lender. Investment Management solutions provided by First Merchants Private Wealth Advisors may not be FDIC insured, are not deposits of First Merchants Bank and may lose value. First Merchants and the shield logo are registered service marks of First Merchants Corporation.
Type
Public
HQ
Muncie, US
Size (employees)
1,449 (est)-5%
First Merchants Corporation is headquartered in Muncie, US

First Merchants Corporation Office Locations

First Merchants Corporation has offices in Muncie, Columbus, Carmel-by-the-Sea, New Castle and in 20 other locations
Muncie, US (HQ)
200 E Jackson St
Show all (24)

First Merchants Corporation Data and Metrics

First Merchants Corporation Financial Metrics

First Merchants Corporation's revenue was reported to be $253.3 m in FY, 2016 which is a 15% increase from the previous period.
USD

Revenue (FY, 2016)

253.3 m

Revenue growth (FY, 2015 - FY, 2016), %

15%

Gross profit (FY, 2016)

226.5 m

Gross profit margin (FY, 2016), %

89%

Net income (FY, 2016)

81.1 m

EBIT (FY, 2016)

220.8 m

Market capitalization (20-Jul-2017)

1.7 b

Closing share price (20-Jul-2017)

40.2

Cash (31-Dec-2016)

127.9 m

EV

1.8 b
First Merchants Corporation's current market capitalization is $1.7 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

170.8 m208.9 m221.2 m253.3 m

Revenue growth, %

22%6%15%

Cost of goods sold

24.8 m26.8 m

Gross profit

196.4 m226.5 m

Gross profit Margin, %

89%89%

Sales and marketing expense

3 m

Operating expense total

3 m

EBIT

196 m220.8 m

EBIT margin, %

89%87%

Pre tax profit

91 m108.7 m

Income tax expense

25.7 m27.6 m

Net Income

44.5 m60.2 m65.4 m81.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

40.9 m33.1 m102.2 m127.9 m

Accounts Receivable

24.4 m26.2 m

Inventories

5.1 b

PP&E

14.7 m15.5 m97.6 m94.4 m

Goodwill

656 k656 k243.1 m244 m

Total Assets

458.6 m472.8 m6.8 b7.2 b

Accounts Payable

3.1 m5.6 b

Total Debt

298.9 m

Total Liabilities

6.3 b

Common Stock

5.1 m

Additional Paid-in Capital

1.2 m1.7 m504.5 m509 m

Retained Earnings

36.7 m38.8 m342.1 m401 m

Total Equity

37.7 m41.1 m850.5 m901.7 m

Debt to Equity Ratio

0.3 x

Debt to Assets Ratio

0 x

Financial Leverage

12.2 x11.5 x7.9 x8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

2.2 m2.4 m65.4 m81.1 m

Depreciation and Amortization

1.4 m1.3 m6.3 m7.2 m

Cash From Operating Activities

6 m3.3 m56.7 m106.9 m

Cash From Investing Activities

2.8 m(22.4 m)(340.4 m)(451.8 m)

Dividends Paid

(120 k)(210 k)

Cash From Financing Activities

11.2 m11.4 m267.3 m370.7 m

Interest Paid

16.6 m20.4 m24.9 m26.8 m
USDY, 2016

EV/EBIT

8.2 x

EV/CFO

17 x

Revenue/Employee

165.7 k

Debt/Equity

0.3 x

Financial Leverage

8 x

First Merchants Corporation Market Value History

First Merchants Corporation Job Categories

First Merchants Corporation Company Life and Culture

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