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First Merchants Corp (FRME) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

First Merchants Corp (FRME) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. First Merchants Corp through its subsidiaries provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, mortgage lending, cash management services, wealth management and insurance. First Merchants Corp has a market cap of $2 billion; its shares were traded at around $40.43 with a P/E ratio of 12.55 and P/S ratio of 4.93. The dividend yield of First Merchants Corp stocks is 2.05%.


For the last quarter First Merchants Corp reported a revenue of $107.1 million, compared with the revenue of $97.83 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $415.3 million, an increase of 19.2% from last year. For the last five years First Merchants Corp had an average revenue growth rate of 13.9% a year.

The reported diluted earnings per share was $3.22 for the year, an increase of 51.9% from previous year. Over the last five years First Merchants Corp had an EPS growth rate of 15.4% a year. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, First Merchants Corp has the cash and cash equivalents of $176.2 million, compared with $189.9 million in the previous year. The long term debt was $453.4 million, compared with $553.7 million in the previous year. First Merchants Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $40.43, First Merchants Corp is traded at 73.5% premium to its historical median P/S valuation band of $23.30. The P/S ratio of the stock is 4.93, while the historical median P/S ratio is 2.84. The stock lost 4.18% during the past 12 months.

Directors and Officers Recent Trades:

  • Director Patrick A Sherman bought 13 shares of FRME stock on 02/01/2019 at the average price of $37.05. The price of the stock has increased by 9.12% since.
  • Director Gary Lehman bought 45 shares of FRME stock on 02/01/2019 at the average price of $37.05. The price of the stock has increased by 9.12% since.

For the complete 20-year historical financial data of FRME, click here.

This article first appeared on GuruFocus.