First Operating Income vs Ebit Analysis

FRME Stock

USD 43.52 0.30 0.68%

First Merchants financial indicator trend analysis is much more than just examining First Merchants latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Merchants is a good investment. Please check the relationship between First Merchants Operating Income and its Ebit accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Merchants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade First Stock refer to our How to Trade First Stock guide.

Operating Income vs Ebit

Operating Income vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Merchants Operating Income account and Ebit. At this time, the significance of the direction appears to have almost identical trend.

The correlation between First Merchants' Operating Income and Ebit is 0.97. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Ebit in the same time period over historical financial statements of First Merchants, assuming nothing else is changed. The correlation between historical values of First Merchants' Operating Income and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of First Merchants are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Operating Income i.e., First Merchants' Operating Income and Ebit go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from First Merchants operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of First Merchants is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Ebit

Most indicators from First Merchants' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Merchants current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Merchants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade First Stock refer to our How to Trade First Stock guide.At present, First Merchants' Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 13.57, whereas Issuance Of Capital Stock is forecasted to decline to about 1.9 M.

	2021	2022	2023	2024 (projected)
EBIT	240.8M	255.7M	259.2M	272.2M
Operating Income	240.8M	340.5M	259.2M	272.2M

Ebit Operating Income

First Merchants fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Good Will	Other Current Assets	Non Current Liabilities Total	Common Stock Total Equity	Common Stock
Common Stock Shares Outstanding		0.95	0.71	0.48	0.48	0.96	0.95	0.3	0.93	0.46	0.66	0.4	0.14	0.68	0.88	0.97	0.94	0.79	0.06	0.16	0.65	0.94	-0.2	0.5	0.84	0.86
Total Assets	0.95		0.78	0.61	0.6	0.99	0.92	0.28	0.99	0.44	0.78	0.5	-0.07	0.65	0.97	0.98	1.0	0.91	-0.22	0.08	0.75	0.99	-0.45	0.61	0.77	0.77
Short Long Term Debt Total	0.71	0.78		0.2	0.2	0.72	0.62	0.54	0.74	0.38	0.4	0.13	0.28	0.22	0.73	0.74	0.79	0.76	-0.31	0.52	0.38	0.72	-0.37	0.19	0.64	0.67
Other Current Liab	0.48	0.61	0.2		1.0	0.58	0.66	0.11	0.68	-0.21	0.97	0.96	-0.72	0.28	0.75	0.54	0.61	0.7	-0.25	-0.32	0.95	0.67	-0.37	1.0	0.21	0.13
Total Current Liabilities	0.48	0.6	0.2	1.0		0.57	0.66	0.12	0.67	-0.22	0.97	0.96	-0.72	0.27	0.75	0.54	0.61	0.7	-0.23	-0.32	0.95	0.67	-0.35	1.0	0.21	0.13
Total Stockholder Equity	0.96	0.99	0.72	0.58	0.57		0.92	0.24	0.98	0.48	0.75	0.48	-0.04	0.71	0.94	0.99	0.99	0.86	-0.15	0.01	0.73	0.99	-0.4	0.58	0.79	0.8
Property Plant And Equipment Net	0.95	0.92	0.62	0.66	0.66	0.92		0.31	0.92	0.28	0.79	0.6	-0.06	0.62	0.89	0.92	0.91	0.81	0.04	0.12	0.78	0.93	-0.2	0.67	0.77	0.76
Net Debt	0.3	0.28	0.54	0.11	0.12	0.24	0.31		0.26	-0.45	0.15	0.24	0.35	-0.44	0.35	0.33	0.28	0.29	0.05	0.61	0.33	0.33	0.19	0.12	0.36	0.35
Retained Earnings	0.93	0.99	0.74	0.68	0.67	0.98	0.92	0.26		0.38	0.83	0.57	-0.15	0.63	0.98	0.97	0.99	0.92	-0.24	0.01	0.8	0.99	-0.46	0.68	0.73	0.72
Cash	0.46	0.44	0.38	-0.21	-0.22	0.48	0.28	-0.45	0.38		-0.01	-0.39	0.26	0.78	0.24	0.43	0.44	0.26	-0.11	-0.04	-0.17	0.33	-0.35	-0.21	0.46	0.52
Non Current Assets Total	0.66	0.78	0.4	0.97	0.97	0.75	0.79	0.15	0.83	-0.01		0.9	-0.6	0.42	0.88	0.71	0.79	0.84	-0.28	-0.23	0.97	0.82	-0.44	0.97	0.39	0.33
Non Currrent Assets Other	0.4	0.5	0.13	0.96	0.96	0.48	0.6	0.24	0.57	-0.39	0.9		-0.68	0.11	0.67	0.46	0.51	0.56	-0.19	-0.29	0.93	0.59	-0.26	0.96	0.15	0.07
Other Assets	0.14	-0.07	0.28	-0.72	-0.72	-0.04	-0.06	0.35	-0.15	0.26	-0.6	-0.68		-0.07	-0.23	0.04	-0.08	-0.25	0.53	0.65	-0.54	-0.11	0.55	-0.71	0.32	0.41
Cash And Short Term Investments	0.68	0.65	0.22	0.28	0.27	0.71	0.62	-0.44	0.63	0.78	0.42	0.11	-0.07		0.51	0.66	0.64	0.45	0.05	-0.36	0.31	0.61	-0.3	0.3	0.59	0.6
Net Receivables	0.88	0.97	0.73	0.75	0.75	0.94	0.89	0.35	0.98	0.24	0.88	0.67	-0.23	0.51		0.93	0.97	0.94	-0.28	0.02	0.87	0.98	-0.46	0.75	0.66	0.64
Other Stockholder Equity	0.97	0.98	0.74	0.54	0.54	0.99	0.92	0.33	0.97	0.43	0.71	0.46	0.04	0.66	0.93		0.97	0.83	-0.1	0.08	0.71	0.98	-0.34	0.55	0.82	0.83
Total Liab	0.94	1.0	0.79	0.61	0.61	0.99	0.91	0.28	0.99	0.44	0.79	0.51	-0.08	0.64	0.97	0.97		0.92	-0.23	0.09	0.75	0.98	-0.45	0.62	0.76	0.76
Property Plant And Equipment Gross	0.79	0.91	0.76	0.7	0.7	0.86	0.81	0.29	0.92	0.26	0.84	0.56	-0.25	0.45	0.94	0.83	0.92		-0.33	0.14	0.78	0.89	-0.49	0.7	0.58	0.56
Total Current Assets	0.06	-0.22	-0.31	-0.25	-0.23	-0.15	0.04	0.05	-0.24	-0.11	-0.28	-0.19	0.53	0.05	-0.28	-0.1	-0.23	-0.33		0.17	-0.22	-0.17	0.93	-0.21	0.08	0.12
Short Term Debt	0.16	0.08	0.52	-0.32	-0.32	0.01	0.12	0.61	0.01	-0.04	-0.23	-0.29	0.65	-0.36	0.02	0.08	0.09	0.14	0.17		-0.19	0.02	0.28	-0.32	0.23	0.29
Accounts Payable	0.65	0.75	0.38	0.95	0.95	0.73	0.78	0.33	0.8	-0.17	0.97	0.93	-0.54	0.31	0.87	0.71	0.75	0.78	-0.22	-0.19		0.81	-0.35	0.95	0.39	0.34
Good Will	0.94	0.99	0.72	0.67	0.67	0.99	0.93	0.33	0.99	0.33	0.82	0.59	-0.11	0.61	0.98	0.98	0.98	0.89	-0.17	0.02	0.81		-0.39	0.68	0.75	0.75
Other Current Assets	-0.2	-0.45	-0.37	-0.37	-0.35	-0.4	-0.2	0.19	-0.46	-0.35	-0.44	-0.26	0.55	-0.3	-0.46	-0.34	-0.45	-0.49	0.93	0.28	-0.35	-0.39		-0.34	-0.11	-0.08
Non Current Liabilities Total	0.5	0.61	0.19	1.0	1.0	0.58	0.67	0.12	0.68	-0.21	0.97	0.96	-0.71	0.3	0.75	0.55	0.62	0.7	-0.21	-0.32	0.95	0.68	-0.34		0.22	0.15
Common Stock Total Equity	0.84	0.77	0.64	0.21	0.21	0.79	0.77	0.36	0.73	0.46	0.39	0.15	0.32	0.59	0.66	0.82	0.76	0.58	0.08	0.23	0.39	0.75	-0.11	0.22		0.99
Common Stock	0.86	0.77	0.67	0.13	0.13	0.8	0.76	0.35	0.72	0.52	0.33	0.07	0.41	0.6	0.64	0.83	0.76	0.56	0.12	0.29	0.34	0.75	-0.08	0.15	0.99

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First Merchants Account Relationship Matchups

First Merchants fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	51.6M	54.2M	54.0M	58.0M	59.5M	62.5M
Total Assets	12.5B	14.1B	15.5B	17.9B	18.4B	19.3B
Short Long Term Debt Total	489.8M	920.7M	1.0B	2.1B	871.5M	915.1M
Other Current Liab	(6.8M)	(3.3M)	(2.8M)	(7.5M)	10.2B	10.7B
Total Current Liabilities	6.8M	3.3M	2.8M	7.5M	10.4B	10.9B
Total Stockholder Equity	1.8B	1.9B	1.9B	2.0B	2.2B	2.4B
Property Plant And Equipment Net	113.1M	111.1M	105.7M	117.1M	152.8M	160.4M
Net Debt	194.3M	(77.4M)	(188.6M)	726.3M	322.8M	179.2M
Retained Earnings	696.5M	788.6M	864.8M	1.0B	1.2B	1.2B
Cash	295.5M	585.2M	641.3M	248.7M	112.6M	151.4M
Non Current Assets Total	3.3B	3.8B	5.2B	5.1B	17.7B	18.5B
Non Currrent Assets Other	(12.2M)	(12.3M)	(5.2B)	(111.2M)	13.0B	13.6B
Other Assets	7.0B	7.7B	7.2B	12.5B	(1.1B)	(1.0B)
Cash And Short Term Investments	2.1B	2.5B	3.0B	248.7M	1.7B	1.8B
Net Receivables	48.9M	53.9M	57.2M	85.1M	97.7M	102.5M
Liabilities And Stockholders Equity	12.5B	14.1B	15.5B	17.9B	18.4B	19.3B
Other Stockholder Equity	1.1B	1.0B	985.8M	1.2B	1.2B	1.3B
Total Liab	10.7B	12.2B	13.5B	15.9B	16.2B	17.0B
Property Plant And Equipment Gross	113.1M	111.1M	312.6M	344.7M	360.4M	378.4M
Total Current Assets	2.1B	2.6B	3.0B	333.7M	1.8B	2.7B
Short Term Debt	287.8M	235.7M	373.7M	803.5M	224.0M	282.6M
Accounts Payable	6.8M	3.3M	2.8M	7.5M	18.9M	19.9M
Other Current Assets	364.1M	652.4M	734.7M	451.4M	751.1M	713.6M
Accumulated Other Comprehensive Income	27.9M	74.8M	55.1M	(239.2M)	(176.0M)	(167.2M)
Non Current Liabilities Total	489.8M	507.8M	452.7M	7.5M	16.2B	17.0B
Common Stock Total Equity	6.9M	6.7M	6.7M	7.4M	8.5M	4.3M
Common Stock	6.9M	6.7M	6.7M	7.4M	7.4M	4.4M
Other Liab	40.7M	141.8M	171.0M	81.2M	93.4M	51.6M
Long Term Debt	138.7M	684.9M	452.7M	975.0M	871.5M	915.1M
Short Term Investments	1.8B	1.9B	2.3B	2.0B	1.6B	1.7B
Intangible Assets	35.0M	29.0M	25.5M	35.8M	27.1M	44.7M
Property Plant Equipment	120.6M	112.0M	105.7M	123.5M	142.1M	79.8M
Inventory	(364.1M)	(652.4M)	(734.7M)	(451.4M)	15.0M	15.7M
Net Tangible Assets	1.2B	1.3B	1.3B	1.3B	1.5B	883.4M
Capital Surpluse	1.1B	1.0B	985.8M	1.2B	1.4B	760.8M
Long Term Investments	11.0B	12.3B	4.5B	4.3B	3.8B	6.0B

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When determining whether First Merchants is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if First Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about First Merchants Stock. Highlighted below are key reports to facilitate an investment decision about First Merchants Stock:

How To Invest In First

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Is First Stock a good investment?

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What is First Merchants' Net Worth?

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Largest Regional Banks Companies

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Largest Banks - Regional Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Merchants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade First Stock refer to our How to Trade First Stock guide.

You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Merchants. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Merchants listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.11)

Dividend Share

1.38

Earnings Share

3.01

Revenue Per Share

10.11

Quarterly Revenue Growth

(0.05)

The market value of First Merchants is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Merchants' value that differs from its market value or its book value, called intrinsic value, which is First Merchants' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Merchants' market value can be influenced by many factors that don't directly affect First Merchants' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between First Merchants' value and its price as these two are different measures arrived at by different means. Investors typically determine if First Merchants is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Merchants' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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First Operating Income vs Ebit Analysis

Operating Income vs Ebit

Operating Income vs Ebit Correlation Analysis

Correlation Coefficient

Operating Income

Ebit

First Merchants fundamental ratios Correlations

First Merchants Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Merchants fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Non Current Liabilities Total	+ 1.0	Other Current Liab
Non Current Liabilities Total	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets

Other Assets	- 0.72	Total Current Liabilities
Other Assets	- 0.72	Other Current Liab
Non Current Liabilities Total	- 0.71	Other Assets
Other Assets	- 0.68	Non Currrent Assets Other
Other Assets	- 0.6	Non Current Assets Total
Accounts Payable	- 0.54	Other Assets