First Merchants Bank Valuation Multiples

First Merchants Bank Overview

About First Merchants Bank

First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment which is community banking.

Founded

1982

HQ

Employees

2.1K+

Website

firstmerchants.com

Sectors

Commercial Banking

Financials

LTM Revenue $664M

Last FY EBITDA n/a

EV

$3.3B

Valuation Multiples

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First Merchants Bank Financials

First Merchants Bank has a last 12-month revenue (LTM) of $664M and a last 12-month EBITDA of n/a.

In the most recent fiscal year, First Merchants Bank achieved revenue of $627M and an EBITDA of n/a.

First Merchants Bank expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

First Merchants Bank P&L

Financial data powered by Morningstar, Inc.

First Merchants Bank Stock Performance

As of May 30, 2025, First Merchants Bank's stock price is $38.

First Merchants Bank has current market cap of $2.2B, and EV of $3.3B.

First Merchants Bank Stock Data

First Merchants Bank Valuation Multiples

As of May 30, 2025, First Merchants Bank has market cap of $2.2B and EV of $3.3B.

First Merchants Bank's trades at 5.2x EV/Revenue multiple, and n/a EV/EBITDA.

Equity research analysts estimate First Merchants Bank's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

First Merchants Bank has a P/E ratio of 10.6x.

First Merchants Bank Financial Valuation Multiples

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

First Merchants Bank Margins & Growth Rates

First Merchants Bank's last 12 month revenue growth is 6%

First Merchants Bank's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged n/a for the same period.

First Merchants Bank's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

First Merchants Bank's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

First Merchants Bank Operational Valuation Multiples

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

First Merchants Bank Public Comps

Valuation data powered by FactSet, Inc.

First Merchants Bank M&A and Investment Activity

First Merchants Bank acquired  XXX companies to date.

Last acquisition by First Merchants Bank was  XXXXXXXX, XXXXX XXXXX XXXXXX . First Merchants Bank acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

Latest Acquisitions by First Merchants Bank

About First Merchants Bank