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First Merchants Corp
NASDAQ:FRME

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First Merchants Corp
NASDAQ:FRME
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Price: 40.51 USD -4.39% Market Closed
Market Cap: $2.6B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
+42%
5Y
+47%
10Y
+249%
Investing Cash Flow
+
3Y
-9%
5Y
+47%
10Y
-232%
Financing Cash Flow
+
3Y
+7%
5Y
-60%
10Y
+202%

Cash Flow Statement
First Merchants Corp

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Cash Flow Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
22
23
25
27
28
28
29
28
28
29
28
28
29
29
30
30
30
31
31
30
30
31
29
30
32
32
32
30
21
17
(20)
(30)
(41)
(43)
(14)
(7)
7
11
17
22
25
34
38
42
45
43
44
43
45
46
51
56
60
63
66
67
65
67
69
73
81
87
91
94
96
110
125
142
159
161
163
158
165
160
152
151
149
164
186
203
206
205
188
199
222
238
259
252
224
208
187
180
201
209
226
233
Depreciation & Amortization
5
3
4
5
7
5
4
3
5
5
5
5
5
6
5
5
5
4
8
8
5
5
3
2
4
4
4
5
5
5
5
6
6
6
6
6
6
6
5
5
5
5
5
5
5
5
4
5
5
5
6
5
6
6
6
6
6
7
7
7
7
7
7
8
8
8
9
9
9
9
9
9
9
10
10
11
11
11
11
11
11
11
11
11
12
12
12
12
12
12
13
14
27
31
36
40
Change in Deffered Taxes
1
0
0
0
(1)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2)
0
0
0
(2)
0
0
0
(9)
0
0
0
(11)
0
0
0
(2)
0
0
0
8
13
16
20
16
17
17
17
14
14
15
17
23
23
21
26
4
2
3
(8)
9
8
7
5
16
14
15
16
4
3
0
(1)
5
(3)
(13)
(11)
(10)
(5)
8
7
7
8
6
10
9
7
10
10
7
8
9
6
2
3
(2)
(4)
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
1
1
1
0
0
1
2
2
3
3
2
2
2
2
2
2
2
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
3
3
2
3
3
3
3
4
4
4
4
4
4
4
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
6
6
6
6
7
Other Non-Cash Items
0
0
0
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
1
1
1
2
2
0
(1)
(1)
(3)
(3)
(5)
(4)
(3)
(3)
3
4
4
5
2
(8)
(8)
(8)
(8)
2
2
2
2
2
2
2
2
2
(6)
(7)
(7)
(7)
(2)
(1)
(2)
(2)
(3)
(4)
(4)
(5)
(2)
(1)
(1)
(0)
(0)
(0)
(0)
(1)
(1)
(1)
(1)
(1)
(0)
(2)
(2)
(3)
(3)
(7)
(7)
(6)
(7)
(2)
(3)
(3)
(3)
(4)
(23)
(23)
(23)
(21)
Cash Taxes Paid
12
0
0
0
14
0
0
0
14
0
0
0
11
0
20
0
17
26
24
28
14
15
14
10
12
13
16
20
18
17
13
9
3
(3)
(8)
(8)
(18)
(15)
(9)
(15)
(3)
2
(2)
6
12
11
9
11
8
9
8
0
6
7
9
21
21
24
21
11
12
0
19
26
22
22
20
18
23
24
27
29
24
0
12
37
33
0
50
24
31
39
23
20
14
5
33
34
35
36
13
9
8
6
15
20
Cash Interest Paid
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13
17
20
26
18
20
22
23
24
25
25
26
27
27
27
28
31
36
43
51
59
68
77
89
99
108
110
101
87
70
54
45
39
37
34
37
50
80
131
200
272
337
388
414
432
430
416
402
391
Change in Working Capital
4
5
5
(7)
(17)
0
(8)
11
33
16
28
23
6
10
9
5
11
9
6
(9)
2
7
8
27
15
17
16
24
23
2
42
32
68
106
80
92
67
76
68
58
45
7
15
7
12
6
10
22
118
110
95
88
(16)
(7)
(3)
(14)
(12)
(4)
(24)
12
9
14
27
(1)
11
(5)
4
18
9
28
10
15
(2)
31
60
34
55
16
(20)
2
(14)
(16)
6
(23)
32
45
12
24
20
16
61
90
59
49
23
22
Cash from Operating Activities
31
N/A
32
+4%
37
+14%
27
-27%
18
-34%
35
+100%
27
-24%
45
+66%
66
+47%
50
-24%
60
+21%
56
-8%
40
-28%
45
+13%
43
-4%
40
-7%
47
+15%
45
-4%
45
+0%
29
-35%
36
+23%
41
+15%
39
-5%
58
+49%
50
-13%
52
+5%
52
-1%
56
+8%
39
-30%
13
-67%
16
+24%
(4)
N/A
18
N/A
53
+203%
59
+10%
77
+32%
81
+5%
95
+17%
92
-3%
88
-5%
86
-3%
51
-40%
66
+28%
66
N/A
70
+7%
72
+2%
77
+7%
89
+17%
183
+105%
178
-3%
168
-6%
169
+1%
76
-55%
87
+15%
84
-4%
78
-7%
57
-27%
64
+13%
53
-17%
83
+57%
104
+24%
114
+10%
129
+13%
102
-20%
127
+24%
122
-3%
151
+23%
183
+22%
180
-2%
201
+12%
182
-10%
181
-1%
177
-2%
196
+11%
208
+6%
185
-11%
204
+10%
185
-9%
184
0%
221
+20%
207
-6%
205
-1%
207
+1%
191
-8%
268
+41%
296
+10%
287
-3%
296
+3%
259
-13%
240
-7%
267
+11%
285
+7%
266
-7%
269
+1%
260
-3%
270
+4%
Investing Cash Flow
Capital Expenditures
(2)
(4)
(5)
(5)
(5)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Items
30
26
(68)
(83)
(96)
(88)
(73)
(51)
(104)
(121)
(138)
(182)
(164)
(153)
(86)
(86)
(65)
(128)
(227)
(247)
(304)
(309)
(261)
(287)
(198)
(184)
(179)
(158)
(140)
(119)
(58)
269
259
259
438
159
110
162
3
(1)
(28)
(4)
(4)
(15)
12
(51)
(139)
(107)
(138)
(149)
(219)
(256)
(126)
(179)
(167)
(218)
(340)
(305)
(236)
(326)
(449)
(565)
(587)
(482)
(635)
(635)
(808)
(806)
(576)
(731)
(912)
(928)
(1 006)
(895)
(1 489)
(1 355)
(1 552)
(1 976)
(1 161)
(1 432)
(1 469)
(1 047)
(753)
(668)
(446)
(473)
(316)
(276)
(344)
(44)
(276)
(259)
(252)
(496)
(649)
(725)
Cash from Investing Activities
28
N/A
22
-19%
(73)
N/A
(88)
-20%
(101)
-14%
(91)
+9%
(75)
+18%
(52)
+30%
(104)
-100%
(121)
-17%
(138)
-13%
(182)
-32%
(164)
+10%
(153)
+7%
(86)
+43%
(86)
+1%
(65)
+24%
(128)
-96%
(227)
-78%
(247)
-9%
(304)
-23%
(309)
-2%
(261)
+16%
(287)
-10%
(198)
+31%
(184)
+7%
(179)
+3%
(158)
+12%
(140)
+11%
(119)
+15%
(58)
+51%
269
N/A
259
-4%
259
+0%
438
+69%
159
-64%
110
-31%
162
+47%
3
-98%
(1)
N/A
(28)
-2 069%
(4)
+88%
(4)
-20%
(15)
-264%
12
N/A
(51)
N/A
(139)
-171%
(107)
+23%
(138)
-29%
(149)
-8%
(219)
-47%
(256)
-17%
(126)
+51%
(179)
-42%
(167)
+7%
(218)
-31%
(340)
-56%
(305)
+10%
(236)
+22%
(326)
-38%
(449)
-38%
(565)
-26%
(587)
-4%
(482)
+18%
(635)
-32%
(635)
+0%
(808)
-27%
(806)
+0%
(576)
+29%
(731)
-27%
(912)
-25%
(928)
-2%
(1 006)
-8%
(895)
+11%
(1 489)
-66%
(1 355)
+9%
(1 552)
-15%
(1 976)
-27%
(1 161)
+41%
(1 432)
-23%
(1 469)
-3%
(1 047)
+29%
(753)
+28%
(668)
+11%
(446)
+33%
(473)
-6%
(316)
+33%
(276)
+13%
(344)
-25%
(44)
+87%
(276)
-525%
(259)
+6%
(252)
+2%
(496)
-96%
(649)
-31%
(725)
-12%
Financing Cash Flow
Net Issuance of Common Stock
(6)
(5)
(6)
(3)
(3)
(3)
2
2
2
2
0
(0)
(2)
(5)
(6)
(6)
(7)
(4)
(6)
(6)
(3)
(7)
(3)
(8)
(11)
(9)
(7)
(3)
1
117
117
117
116
25
25
24
24
0
0
42
42
42
42
(1)
0
(23)
(23)
(57)
(91)
(68)
(68)
(34)
0
0
0
1
1
1
1
0
2
2
3
3
2
1
1
0
1
1
0
(19)
(17)
(72)
(72)
(52)
(54)
2
2
(19)
(23)
(24)
(23)
(2)
2
3
3
3
3
(28)
(47)
(47)
(53)
(31)
(34)
(40)
Net Issuance of Debt
0
(10)
0
0
53
47
0
0
0
(12)
38
0
56
19
32
(60)
67
78
73
94
(68)
28
60
199
126
75
(3)
(49)
(87)
(115)
(129)
(258)
(168)
(166)
(191)
(53)
(63)
(16)
13
64
54
(76)
(101)
(51)
(133)
(31)
50
56
132
92
132
13
(111)
(56)
(40)
(6)
121
79
(19)
31
125
166
146
100
64
(7)
60
(65)
(162)
(161)
(46)
(153)
(44)
119
(32)
101
(48)
(177)
(268)
(149)
(51)
(66)
243
344
486
362
(9)
(150)
(285)
(292)
147
57
129
481
(13)
97
Cash Paid for Dividends
(11)
(11)
(12)
(13)
(14)
(15)
(16)
(16)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(18)
(16)
(15)
(14)
(11)
(10)
(8)
(6)
(5)
(5)
(4)
(5)
(5)
(6)
(7)
(7)
(8)
(8)
(8)
(8)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(16)
(17)
(19)
(20)
(22)
(24)
(26)
(29)
(32)
(35)
(38)
(40)
(42)
(44)
(46)
(48)
(51)
(55)
(56)
(57)
(57)
(56)
(58)
(60)
(61)
(63)
(66)
(70)
(74)
(78)
(79)
(81)
(82)
(83)
(83)
(83)
(83)
(84)
(84)
(84)
Other
(6)
4
97
95
63
89
(25)
(26)
43
16
25
152
47
140
33
113
(25)
(5)
132
131
375
249
192
75
95
127
154
162
220
217
64
(66)
(181)
(287)
(329)
(257)
(267)
(245)
(118)
(190)
(134)
2
21
5
86
32
45
62
(70)
17
42
99
181
137
127
171
162
175
235
246
266
325
357
352
502
578
625
723
583
721
816
1 027
980
717
1 541
1 141
1 522
2 082
1 238
1 443
1 372
955
437
156
(280)
(133)
11
213
439
182
(11)
7
(32)
(155)
497
485
Cash from Financing Activities
(23)
N/A
(13)
+45%
79
N/A
79
0%
99
+25%
127
+29%
14
-89%
13
-9%
29
+122%
(5)
N/A
47
N/A
135
+190%
84
-38%
137
+62%
42
-69%
31
-27%
19
-38%
52
+171%
182
+250%
202
+11%
288
+42%
253
-12%
232
-8%
250
+8%
193
-23%
177
-8%
127
-28%
93
-26%
117
+25%
202
+73%
35
-83%
(222)
N/A
(247)
-11%
(439)
-77%
(505)
-15%
(295)
+42%
(312)
-6%
(266)
+15%
(109)
+59%
(87)
+20%
(42)
+52%
(37)
+13%
(44)
-18%
(53)
-22%
(54)
-1%
(30)
+45%
63
N/A
53
-16%
(37)
N/A
33
N/A
98
+198%
68
-30%
59
-13%
69
+16%
73
+7%
151
+106%
267
+77%
237
-11%
198
-17%
257
+30%
371
+44%
469
+26%
480
+2%
426
-11%
536
+26%
537
+0%
648
+21%
619
-5%
380
-39%
517
+36%
725
+40%
807
+11%
868
+7%
710
-18%
1 382
+95%
1 133
-18%
1 364
+20%
1 851
+36%
915
-51%
1 215
+33%
1 236
+2%
802
-35%
590
-26%
428
-28%
134
-69%
155
+16%
(74)
N/A
(15)
+80%
76
N/A
(221)
N/A
5
N/A
(67)
N/A
(39)
+42%
212
N/A
366
+72%
458
+25%
Change in Cash
Net Change in Cash
36
N/A
42
+17%
43
+2%
17
-59%
16
-8%
71
+346%
(34)
N/A
6
N/A
(10)
N/A
(76)
-703%
(31)
+60%
9
N/A
(40)
N/A
30
N/A
(1)
N/A
(15)
-1 522%
1
N/A
(31)
N/A
(0)
+99%
(16)
-7 700%
20
N/A
(16)
N/A
10
N/A
20
+105%
45
+122%
46
+3%
0
N/A
(8)
N/A
16
N/A
96
+508%
(7)
N/A
42
N/A
29
-32%
(126)
N/A
(9)
+93%
(59)
-530%
(121)
-106%
(9)
+92%
(13)
-41%
(1)
+93%
15
N/A
11
-29%
18
+64%
(3)
N/A
28
N/A
(9)
N/A
1
N/A
36
+3 844%
8
-78%
61
+676%
46
-24%
(18)
N/A
9
N/A
(24)
N/A
(10)
+58%
10
N/A
(16)
N/A
(4)
+78%
15
N/A
15
+2%
26
+72%
19
-28%
22
+19%
47
+113%
27
-43%
25
-9%
(9)
N/A
(4)
+54%
(16)
-293%
(13)
+17%
(6)
+55%
60
N/A
38
-37%
12
-69%
102
+761%
(38)
N/A
16
N/A
60
+283%
(62)
N/A
5
N/A
(26)
N/A
(40)
-54%
45
N/A
(50)
N/A
(45)
+10%
(23)
+50%
(104)
-360%
6
N/A
(10)
N/A
(25)
-154%
(4)
+86%
(40)
-1 017%
(25)
+38%
(14)
+42%
(24)
-65%
3
N/A

See Also

Summary
FRME intrinsic value, competitors valuation, and company profile.
DCF Valuation
FRME stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FRME stock valuation using valuation multiples.
Wall Street Estimates
FRME price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FRME stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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