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FRME (First Merchants Corporation) Stock Analysis
Buy, Hold or Sell?

Let's analyze First Merchants Corporation together

I guess you are interested in First Merchants Corporation. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • ๐Ÿ“Š Fundamental Analysis (FA) โ€“ First Merchants Corporationโ€™s Financial Insights
  • ๐Ÿ“ˆ Technical Analysis (TA) โ€“ First Merchants Corporationโ€™s Price Targets

I'm going to help you getting a better view of First Merchants Corporation. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of First Merchants Corporation (30 sec.)










1.2. What can you expect buying and holding a share of First Merchants Corporation? (30 sec.)

How much money do you get?

How much money do you get?
$1.44
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$40.00
Expected worth in 1 year
$42.46
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
$3.90
Return On Investment
9.5%

For what price can you sell your share?

Current Price per Share
$40.99
Expected price per share
$36.46 - $44.63
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of First Merchants Corporation (5 min.)




Live pricePrice per Share (EOD)
$40.99
Intrinsic Value Per Share
$33.49 - $51.89
Total Value Per Share
$73.49 - $91.88

2.2. Growth of First Merchants Corporation (5 min.)




Is First Merchants Corporation growing?

Current yearPrevious yearGrowGrow %
How rich?$2.3b$2.1b$110.3m4.8%

How much money is First Merchants Corporation making?

Current yearPrevious yearGrowGrow %
Making money$52.2m$51.9m$288k0.6%
Net Profit Margin20.1%20.2%--

How much money comes from the company's main activities?

2.3. Financial Health of First Merchants Corporation (5 min.)




2.4. Comparing to competitors in the Banks - Regional industry (5 min.)




  Industry Rankings (Banks - Regional)  

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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of First Merchants Corporation?

Welcome investor! First Merchants Corporation's management wants to use your money to grow the business. In return you get a share of First Merchants Corporation.

First you should know what it really means to hold a share of First Merchants Corporation. And how you can make/lose money.

Speculation

The Price per Share of First Merchants Corporation is $40.99. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of First Merchants Corporation.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in First Merchants Corporation, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $40.00. Based on the TTM, the Book Value Change Per Share is $0.62 per quarter. Based on the YOY, the Book Value Change Per Share is $0.46 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.36 per quarter.
Based on historical numbers we can estimate the returns while holding a share of First Merchants Corporation.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.952.3%0.902.2%0.872.1%0.922.2%0.872.1%0.681.7%
Usd Book Value Change Per Share0.471.1%0.621.5%0.461.1%0.751.8%0.481.2%0.681.7%
Usd Dividend Per Share0.360.9%0.360.9%0.350.9%0.350.8%0.310.8%0.230.6%
Usd Total Gains Per Share0.832.0%0.982.4%0.812.0%1.102.7%0.781.9%0.912.2%
Usd Price Per Share40.44-37.71-32.01-35.60-36.44-35.76-
Price to Earnings Ratio10.65-10.72-9.52-10.01-10.76-14.80-
Price-to-Total Gains Ratio48.93-52.78-62.24-38.75-38.61-59.36-
Price to Book Ratio1.01-0.96-0.87-0.98-1.06-1.41-
Price-to-Total Gains Ratio48.93-52.78-62.24-38.75-38.61-59.36-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share40.99
Number of shares24
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.360.31
Usd Book Value Change Per Share0.620.48
Usd Total Gains Per Share0.980.78
Gains per Quarter (24 shares)23.4118.84
Gains per Year (24 shares)93.6475.35
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1355984304665
2691181785991140
310417727289137215
4138237366119183290
5173296460149228365
6207355554178274440
7242414648208319515
8276473742238365590
9311532836268411665
10345591930297456740

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%138.06.00.095.8%
Book Value Change Per Share4.00.00.0100.0%9.03.00.075.0%14.06.00.070.0%33.07.00.082.5%118.023.03.081.9%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%142.00.02.098.6%
Total Gains per Share4.00.00.0100.0%10.02.00.083.3%16.04.00.080.0%36.04.00.090.0%128.014.02.088.9%
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3.2. Key Performance Indicators

The key performance indicators of First Merchants Corporation compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.4670.616-24%0.457+2%0.750-38%0.475-2%0.683-32%
Book Value Per Share--39.99939.238+2%36.634+9%36.578+9%34.625+16%27.676+45%
Current Ratio--0.1070.128-16%7.801-99%122.679-100%336.364-100%192.437-100%
Debt To Asset Ratio--0.8740.8750%0.880-1%0.881-1%0.878-1%0.872+0%
Debt To Equity Ratio--6.9077.023-2%7.349-6%7.430-7%7.228-4%6.846+1%
Dividend Per Share--0.3590.359+0%0.349+3%0.346+4%0.310+16%0.229+57%
Enterprise Value---12258016920.000-12075334542.500-1%-12439497905.208+1%-12279216180.261+0%-10511991484.157-14%-7475374789.453-39%
Eps--0.9490.895+6%0.871+9%0.920+3%0.868+9%0.684+39%
Ev To Ebitda Ratio---43.128-47.249+10%-50.407+17%-47.472+10%-42.891-1%-36.294-16%
Ev To Sales Ratio---12.133-11.578-5%-12.0960%-12.988+7%-13.516+11%-12.0770%
Free Cash Flow Per Share--1.0581.154-8%1.008+5%1.136-7%1.016+4%0.808+31%
Free Cash Flow To Equity Per Share--2.7252.064+32%0.076+3491%1.346+103%3.417-20%3.067-11%
Gross Profit Margin--0.9760.963+1%0.963+1%0.964+1%0.965+1%0.963+1%
Intrinsic Value_10Y_max--51.885----------
Intrinsic Value_10Y_min--33.494----------
Intrinsic Value_1Y_max--4.644----------
Intrinsic Value_1Y_min--3.275----------
Intrinsic Value_3Y_max--14.376----------
Intrinsic Value_3Y_min--9.969----------
Intrinsic Value_5Y_max--24.619----------
Intrinsic Value_5Y_min--16.752----------
Market Cap2390003930.000+1%2357935080.0002198640207.500+7%1902641344.793+24%2101061986.406+12%2140023365.844+10%2092592560.547+13%
Net Profit Margin--0.2190.201+9%0.202+8%0.232-5%0.273-20%0.272-20%
Operating Margin--0.2500.231+8%0.232+8%0.267-6%0.316-21%0.331-24%
Operating Ratio--0.7500.769-3%0.768-2%0.733+2%0.684+10%0.669+12%
Pb Ratio1.025+1%1.0110.960+5%0.871+16%0.977+4%1.062-5%1.412-28%
Pe Ratio10.797+1%10.65210.718-1%9.518+12%10.009+6%10.758-1%14.799-28%
Price Per Share40.990+1%40.44037.705+7%32.008+26%35.601+14%36.443+11%35.759+13%
Price To Free Cash Flow Ratio9.684+1%9.5548.232+16%8.478+13%8.451+13%9.651-1%16.641-43%
Price To Total Gains Ratio49.599+1%48.93352.776-7%62.244-21%38.748+26%38.610+27%59.356-18%
Quick Ratio--0.1800.224-20%38.247-100%264.734-100%626.529-100%357.362-100%
Return On Assets--0.0030.003+6%0.003+5%0.0030%0.003-2%0.003-4%
Return On Equity--0.0240.023+4%0.024-1%0.025-7%0.025-6%0.025-3%
Total Gains Per Share--0.8260.975-15%0.806+3%1.096-25%0.785+5%0.912-9%
Usd Book Value--2332214000.0002288023750.000+2%2177681250.000+7%2158695416.667+8%2034434550.000+15%1621465575.000+44%
Usd Book Value Change Per Share--0.4670.616-24%0.457+2%0.750-38%0.475-2%0.683-32%
Usd Book Value Per Share--39.99939.238+2%36.634+9%36.578+9%34.625+16%27.676+45%
Usd Dividend Per Share--0.3590.359+0%0.349+3%0.346+4%0.310+16%0.229+57%
Usd Enterprise Value---12258016920.000-12075334542.500-1%-12439497905.208+1%-12279216180.261+0%-10511991484.157-14%-7475374789.453-39%
Usd Eps--0.9490.895+6%0.871+9%0.920+3%0.868+9%0.684+39%
Usd Free Cash Flow--61700000.00067265500.000-8%59956000.000+3%67047250.000-8%59729950.000+3%47379075.000+30%
Usd Free Cash Flow Per Share--1.0581.154-8%1.008+5%1.136-7%1.016+4%0.808+31%
Usd Free Cash Flow To Equity Per Share--2.7252.064+32%0.076+3491%1.346+103%3.417-20%3.067-11%
Usd Market Cap2390003930.000+1%2357935080.0002198640207.500+7%1902641344.793+24%2101061986.406+12%2140023365.844+10%2092592560.547+13%
Usd Price Per Share40.990+1%40.44037.705+7%32.008+26%35.601+14%36.443+11%35.759+13%
Usd Profit--55339000.00052200000.000+6%51912000.000+7%54502500.000+2%51124200.000+8%40166975.000+38%
Usd Revenue--252566000.000260907750.000-3%257657750.000-2%240263916.667+5%199169350.000+27%152196325.000+66%
Usd Total Gains Per Share--0.8260.975-15%0.806+3%1.096-25%0.785+5%0.912-9%
 EOD+4 -4MRQTTM+23 -17YOY+30 -103Y+22 -185Y+25 -1510Y+19 -21

3.3 Fundamental Score

Let's check the fundamental score of First Merchants Corporation based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1510.797
Price to Book Ratio (EOD)Between0-11.025
Net Profit Margin (MRQ)Greater than00.219
Operating Margin (MRQ)Greater than00.250
Quick Ratio (MRQ)Greater than10.180
Current Ratio (MRQ)Greater than10.107
Debt to Asset Ratio (MRQ)Less than10.874
Debt to Equity Ratio (MRQ)Less than16.907
Return on Equity (MRQ)Greater than0.150.024
Return on Assets (MRQ)Greater than0.050.003
Total4/10 (40.0%)

3.4 Technical Score

Let's check the technical score of First Merchants Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5065.708
Ma 20Greater thanMa 5038.392
Ma 50Greater thanMa 10037.991
Ma 100Greater thanMa 20038.595
OpenGreater thanClose41.110
Total3/5 (60.0%)

4. In-depth Analysis

4.1 About First Merchants Corporation

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, home equity lending, vehicle loans, and personal loans; and local commercial lending, asset-based lending solutions, agricultural lending, commercial real estate solutions, debt capital markets, practice finance, public finance, small business administration lending, and sponsor finance services. It also provides personal and commercial wealth management services, trust services, retirement planning, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

Fundamental data was last updated by Penke on 2025-07-11 03:32:10.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profitย First Merchants Corporation earns for each $1 of revenue.

  • Above 10% is considered healthy but always compareย First Merchants Corporation to theย Banks - Regional industry mean.
  • A Net Profit Margin of 21.9%ย means thatย $0.22 for each $1ย in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of First Merchants Corporation:

  • The MRQ is 21.9%. The company is making a huge profit. +2
  • The TTM is 20.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ21.9%TTM20.1%+1.8%
TTM20.1%YOY20.2%-0.1%
TTM20.1%5Y27.3%-7.2%
5Y27.3%10Y27.2%+0.0%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ21.9%41.9%-20.0%
TTM20.1%31.1%-11.0%
YOY20.2%29.6%-9.4%
3Y23.2%29.0%-5.8%
5Y27.3%25.7%+1.6%
10Y27.2%22.1%+5.1%
4.3.1.2. Return on Assets

Shows howย efficientย First Merchants Corporation is using its assets to generate profit.

  • Above 5% is considered healthyย but always compareย First Merchants Corporation to theย Banks - Regional industry mean.
  • 0.3% Return on Assets means thatย First Merchants Corporation generatedย $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of First Merchants Corporation:

  • The MRQ is 0.3%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.3%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.3%TTM0.3%+0.0%
TTM0.3%YOY0.3%0.0%
TTM0.3%5Y0.3%0.0%
5Y0.3%10Y0.3%0.0%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3%0.2%+0.1%
TTM0.3%0.2%+0.1%
YOY0.3%0.2%+0.1%
3Y0.3%0.2%+0.1%
5Y0.3%0.2%+0.1%
10Y0.3%0.2%+0.1%
4.3.1.3. Return on Equity

Shows how efficient First Merchants Corporation is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compareย First Merchants Corporation to theย Banks - Regional industry mean.
  • 2.4% Return on Equity means First Merchants Corporation generated $0.02ย for eachย $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of First Merchants Corporation:

  • The MRQ is 2.4%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.3%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.4%TTM2.3%+0.1%
TTM2.3%YOY2.4%-0.1%
TTM2.3%5Y2.5%-0.2%
5Y2.5%10Y2.5%+0.1%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ2.4%2.8%-0.4%
TTM2.3%2.2%+0.1%
YOY2.4%2.6%-0.2%
3Y2.5%2.5%+0.0%
5Y2.5%2.4%+0.1%
10Y2.5%2.6%-0.1%
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4.3.2. Operating Efficiency of First Merchants Corporation.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measuresย how efficient First Merchants Corporation is operatingย .

  • Measures how much profit First Merchants Corporation makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compareย First Merchants Corporation to theย Banks - Regional industry mean.
  • An Operating Margin of 25.0%ย means the company generated $0.25 ย for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of First Merchants Corporation:

  • The MRQ is 25.0%. The company is operating very efficient. +2
  • The TTM is 23.1%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ25.0%TTM23.1%+1.9%
TTM23.1%YOY23.2%-0.1%
TTM23.1%5Y31.6%-8.5%
5Y31.6%10Y33.1%-1.5%
4.3.2.2. Operating Ratio

Measures how efficient First Merchants Corporation is keepingย operating costsย low.

  • Below 1 is considered healthy (always compare toย Banks - Regional industry mean).
  • An Operation Ratio of 0.75 means that the operating costs are $0.75 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of First Merchants Corporation:

  • The MRQ is 0.750. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.769. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.750TTM0.769-0.019
TTM0.769YOY0.768+0.001
TTM0.7695Y0.684+0.085
5Y0.68410Y0.669+0.015
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4.4.3. Liquidity of First Merchants Corporation.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if First Merchants Corporation is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare toย Banks - Regional industry mean).
  • A Current Ratio of 0.11ย means the company has $0.11 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of First Merchants Corporation:

  • The MRQ is 0.107. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.128. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.107TTM0.128-0.021
TTM0.128YOY7.801-7.673
TTM0.1285Y336.364-336.236
5Y336.36410Y192.437+143.927
4.4.3.2. Quick Ratio

Measures if First Merchants Corporation is able to pay off Short-term Debt but only usingย theย most liquid assets.

  • Above 1 is considered healthy butย always compareย First Merchants Corporation to theย Banks - Regional industry mean.
  • A Quick Ratio of 0.18ย means the company can pay off $0.18 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of First Merchants Corporation:

  • The MRQ is 0.180. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.224. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.180TTM0.224-0.044
TTM0.224YOY38.247-38.024
TTM0.2245Y626.529-626.305
5Y626.52910Y357.362+269.166
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4.5.4. Solvency of First Merchants Corporation.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much %ย of First Merchants Corporationย assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compareย First Merchants Corporation to Banks - Regional industry mean.
  • A Debt to Asset Ratio of 0.87ย means that First Merchants Corporation assets areย financed with 87.4% credit (debt) and the remaining percentage (100% - 87.4%)ย is financed by its owners/shareholders.ย 

Let's take a look of the Debt to Asset Ratio trends of First Merchants Corporation:

  • The MRQ is 0.874. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.875. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.874TTM0.875-0.002
TTM0.875YOY0.880-0.005
TTM0.8755Y0.878-0.003
5Y0.87810Y0.872+0.006
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8740.912-0.038
TTM0.8750.914-0.039
YOY0.8800.331+0.549
3Y0.8810.655+0.226
5Y0.8780.761+0.117
10Y0.8720.845+0.027
4.5.4.2. Debt to Equity Ratio

Measures ifย First Merchants Corporation is able toย pay off its debts by usingย shareholders equity.

  • Below 2 is considered healthy butย always compareย First Merchants Corporation to theย Banks - Regional industry mean.
  • A Debt to Equity ratio of 690.7% means that company has $6.91 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of First Merchants Corporation:

  • The MRQ is 6.907. The company is unable to pay all its debts with equity. -1
  • The TTM is 7.023. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ6.907TTM7.023-0.117
TTM7.023YOY7.349-0.326
TTM7.0235Y7.228-0.205
5Y7.22810Y6.846+0.382
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ6.90710.416-3.509
TTM7.02310.683-3.660
YOY7.3494.228+3.121
3Y7.4307.922-0.492
5Y7.2289.283-2.055
10Y6.84611.348-4.502
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measuresย how much money you payย for each share forย every $1 in earnings First Merchants Corporation generates.

  • Above 15 is considered overpriced butย always compareย First Merchants Corporation to theย Banks - Regional industry mean.
  • A PE ratio of 10.65 means the investor is paying $10.65ย for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of First Merchants Corporation:

  • The EOD is 10.797. Based on the earnings, the company is underpriced. +1
  • The MRQ is 10.652. Based on the earnings, the company is underpriced. +1
  • The TTM is 10.718. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD10.797MRQ10.652+0.145
MRQ10.652TTM10.718-0.066
TTM10.718YOY9.518+1.200
TTM10.7185Y10.758-0.040
5Y10.75810Y14.799-4.041
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD10.7974.419+6.378
MRQ10.6523.875+6.777
TTM10.7186.132+4.586
YOY9.5184.741+4.777
3Y10.0095.925+4.084
5Y10.7588.400+2.358
10Y14.7999.118+5.681
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of First Merchants Corporation:

  • The EOD is 9.684. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 9.554. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 8.232. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD9.684MRQ9.554+0.130
MRQ9.554TTM8.232+1.322
TTM8.232YOY8.478-0.246
TTM8.2325Y9.651-1.420
5Y9.65110Y16.641-6.990
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD9.6840.383+9.301
MRQ9.5540.336+9.218
TTM8.2320.632+7.600
YOY8.478-1.072+9.550
3Y8.4512.007+6.444
5Y9.6510.284+9.367
10Y16.6410.095+16.546
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price ofย First Merchants Corporation is to cheap or to expensiveย compared to its book value.

  • At or below 1 is considered healthyย (always compare to Banks - Regional industry mean).
  • A PB ratio of 1.01 means the investor is paying $1.01ย for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of First Merchants Corporation:

  • The EOD is 1.025. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.011. Based on the equity, the company is underpriced. +1
  • The TTM is 0.960. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.025MRQ1.011+0.014
MRQ1.011TTM0.960+0.051
TTM0.960YOY0.871+0.089
TTM0.9605Y1.062-0.102
5Y1.06210Y1.412-0.350
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD1.0250.492+0.533
MRQ1.0110.432+0.579
TTM0.9600.446+0.514
YOY0.8710.149+0.722
3Y0.9770.355+0.622
5Y1.0620.578+0.484
10Y1.4120.801+0.611
4.6.2. Total Gains per Share

2.4. Latest News of First Merchants Corporation

Does First Merchants Corporation still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from First Merchants Corporation to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2025-06-16
13:52
Analysts Anticipate KBE Will Reach $61Read
2025-06-13
22:12
First Merchants Corp to Redeem Senior Notes Due 2028Read

4.7 Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of First Merchants Corporation.

4.8.1. Institutions holding First Merchants Corporation

Institutions are holding 79.499% of the shares of First Merchants Corporation.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2025-03-31Vanguard Group Inc10.69880.00466238131-98806-1.5592
2025-03-31BlackRock Inc8.21180.00414788060-71851-1.4784
2025-03-31Dimensional Fund Advisors, Inc.5.89960.03463439858-76704-2.1812
2025-03-31Earnest Partners LLC4.39430.49612562184-46462-1.7811
2025-03-31State Street Corp3.42790.00331998701-190527-8.7029
2025-03-31Geode Capital Management, LLC2.45140.00461429313370542.6614
2025-03-31American Century Companies Inc1.88560.02731099458-289600-20.8487
2025-03-31First Trust Advisors L.P.1.85450.0387108132839177256.8151
2025-03-31Goldman Sachs Group Inc1.66220.0063969156-29807-2.9838
2025-03-31Victory Capital Management Inc.1.46660.0354855132-103480-10.7948
2025-03-31Capital Research & Mgmt Co - Division 31.40420.006581875522364337.58
2025-03-31William Blair Investment Management, LLC1.34540.0891784461-36188-4.4097
2025-03-31Principal Financial Group Inc1.32240.0175771057-35581-4.411
2025-03-31Systematic Financial Management LP1.27840.8587745408-3647-0.4869
2025-03-31JPMorgan Chase & Co1.26250.0022736128-9311-1.2491
2025-03-31Charles Schwab Investment Management Inc1.22080.0054711840-19573-2.6761
2025-03-31Bank of New York Mellon Corp1.18480.0055690835-240061-25.7882
2025-03-31PL Capital Advisors, LLC1.17719.322168633300
2024-12-31Nuveen Asset Management, LLC1.07450.0071626508430667.3814
2025-03-31Nuveen, LLC1.040.00746064046064040
Total 54.262810.976531639050+50341+0.2%

4.9.2. Funds holding First Merchants Corporation

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2025-05-31Vanguard Total Stock Mkt Idx Inv3.1040.0037180982815770.0872
2025-05-31iShares Russell 2000 ETF2.53610.0906147871900
2025-05-31Vanguard Small Cap Index2.40310.0355140119951300.3675
2025-03-31Harbor Small Cap Value Instl1.79061.94751044034-7332-0.6974
2025-05-31Vanguard Institutional Extnd Mkt Idx Tr1.56670.031591348261590.6788
2025-05-31Vanguard Small Cap Value Index Inv1.54630.0625901588-880-0.0975
2025-03-31American Funds SMALLCAP World A1.40420.048281875522364337.58
2025-04-30DFA US Small Cap Value I1.35540.200379030200
2025-03-31Fidelity Small Cap Index0.99990.097558302057160.9901
2025-05-29First Trust RBA Amer Indl RenaisTM ETF0.9830.603857317624480.4289
2025-05-31iShares Russell 2000 Value ETF0.91880.188253572800
2025-03-31American Century U.S. Small Cap Value0.89180.4457520000-145000-21.8045
2025-03-31American Century Small Cap Value Inv0.89180.443520000-145000-21.8045
2025-05-29First Trust SMID Cp Rising Div Achv ETF0.79220.21954618967000.1518
2025-04-30DFA US Targeted Value I0.7110.124541456900
2025-05-30Dimensional US Targeted Value ETF0.69480.1495405089-357-0.0881
2025-05-31State St Russell Sm/Mid Cpยฎ Indx SL Cl I0.59980.03234973382002.4009
2025-03-31Ceredex Small Cap Value Equity0.57871.422633740011140049.292
2025-04-30Fidelity Extended Market Index0.55910.03233259928110.2494
2025-05-31Vanguard Dividend Appreciation ETF0.53920.01133143709120.2909
Total 24.86656.189714498880+68127+0.5%

5.3. Insider Transactions

Insiders are holding 1.505% of the shares of First Merchants Corporation.

DateOwnerTypeAmountPricePost Transaction AmountLink
2024-12-30Howard HaldermanBUY441.24
2024-12-16Michael J StewartSELL724843.73
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5. Financial Statements




5.1. Latest Balance Sheet

Balance Sheet of 2025-03-31. Currency in USD. All numbers in thousands.

Summary
Total Assets18,439,787
Total Liabilities16,107,573
Total Stockholder Equity2,332,214
 As reported
Total Liabilities 16,107,573
Total Stockholder Equity+ 2,332,214
Total Assets = 18,439,787

Assets

Total Assets18,439,787
Total Current Assets1,579,973
Long-term Assets16,859,814
Total Current Assets
Cash And Cash Equivalents 417,647
Short-term Investments 1,073,974
Net Receivables 88,352
Total Current Assets  (as reported)1,579,973
Total Current Assets  (calculated)1,579,973
+/-0
Long-term Assets
Property Plant Equipment 128,749
Goodwill 712,002
Long Term Investments 3,427,121
Intangible Assets 18,302
Other Assets 15,940,115
Long-term Assets  (as reported)16,859,814
Long-term Assets  (calculated)20,226,289
+/- 3,366,475

Liabilities & Shareholders' Equity

Total Current Liabilities14,783,229
Long-term Liabilities1,324,344
Total Stockholder Equity2,332,214
Total Current Liabilities
Short-term Debt 307,947
Accounts payable 13,304
Other Current Liabilities 14,461,978
Total Current Liabilities  (as reported)14,783,229
Total Current Liabilities  (calculated)14,783,229
+/-0
Long-term Liabilities
Long term Debt 1,035,097
Long-term Liabilities  (as reported)1,324,344
Long-term Liabilities  (calculated)1,035,097
+/- 289,247
Total Stockholder Equity
Common Stock7,226
Retained Earnings 1,306,911
Accumulated Other Comprehensive Income -190,311
Other Stockholders Equity 1,183,263
Total Stockholder Equity (as reported)2,332,214
Total Stockholder Equity (calculated)2,307,089
+/- 25,125
Other
Capital Stock32,351
Cash and Short Term Investments 1,491,621
Common Stock Shares Outstanding 58,242
Liabilities and Stockholders Equity 18,439,787
Net Debt 925,397
Net Invested Capital 3,342,186
Net Working Capital -13,203,256
Short Long Term Debt Total 1,343,044



5.2. Balance Sheets Structured

Currency in USD. All numbers in thousands.

 Trend2025-03-312024-12-312024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-11-092011-09-302011-08-092011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-06-302000-03-311999-12-311999-09-301999-06-301999-03-311998-12-311998-09-301998-06-301998-03-311997-12-311997-09-301997-06-301997-03-311996-12-311996-09-301996-06-301996-03-311995-12-311995-09-301995-06-301995-03-311994-12-311994-09-301994-06-301994-03-311993-12-311993-09-301993-06-301993-03-311992-12-311992-09-301992-06-301992-03-311991-12-311991-09-301991-06-301991-03-311990-12-311990-09-301990-06-301990-03-311989-12-311989-09-301989-06-301989-03-311988-12-311988-09-301988-06-301988-03-311987-12-311987-09-301987-06-301987-03-31
> Total Assets 
0
0
0
0
0
0
0
0
0
0
501,300
522,800
520,100
527,900
517,100
541,100
539,500
540,100
591,700
596,600
593,800
611,900
600,500
616,900
610,200
645,800
620,800
626,100
630,500
644,300
624,100
644,600
639,700
697,200
686,300
707,900
681,300
704,200
886,700
968,000
987,800
1,010,400
1,007,700
1,020,100
1,017,800
1,077,500
1,113,900
1,362,500
1,176,800
1,407,800
1,428,800
1,474,000
1,446,178
1,610,413
1,600,938
1,621,063
1,559,238
1,636,270
1,761,671
1,787,035
1,735,912
2,663,984
2,629,486
2,678,687
2,999,022
3,056,961
3,011,720
3,076,812
3,025,141
3,128,290
3,181,362
3,191,668
3,187,586
3,201,298
3,238,438
3,237,079
3,269,935
3,408,263
3,472,039
3,554,870
3,554,814
3,669,515
3,754,300
3,782,087
3,767,158
3,822,460
3,864,074
4,784,155
4,886,897
4,717,045
4,476,484
4,480,952
4,375,866
4,183,248
4,180,320
4,170,848
4,117,175
4,094,218
4,094,218
4,118,509
4,118,509
4,173,076
4,236,366
4,232,423
4,250,168
4,304,821
4,252,830
4,338,264
4,325,911
5,437,262
5,452,936
5,615,120
5,591,383
5,824,127
5,877,521
6,140,308
6,189,797
6,761,003
6,798,539
6,906,418
7,022,352
7,211,611
7,326,193
7,805,029
9,049,403
9,367,478
9,472,796
9,734,715
9,787,282
9,884,716
10,210,925
10,737,857
12,325,061
12,457,254
12,693,518
13,819,378
13,737,350
14,067,210
14,629,066
14,923,097
15,060,725
15,453,149
15,465,258
17,780,492
17,718,985
17,938,306
18,178,908
17,968,412
17,996,648
18,405,887
18,317,803
18,303,423
18,347,552
18,311,969
18,439,787
18,439,78718,311,96918,347,55218,303,42318,317,80318,405,88717,996,64817,968,41218,178,90817,938,30617,718,98517,780,49215,465,25815,453,14915,060,72514,923,09714,629,06614,067,21013,737,35013,819,37812,693,51812,457,25412,325,06110,737,85710,210,9259,884,7169,787,2829,734,7159,472,7969,367,4789,049,4037,805,0297,326,1937,211,6117,022,3526,906,4186,798,5396,761,0036,189,7976,140,3085,877,5215,824,1275,591,3835,615,1205,452,9365,437,2624,325,9114,338,2644,252,8304,304,8214,250,1684,232,4234,236,3664,173,0764,118,5094,118,5094,094,2184,094,2184,117,1754,170,8484,180,3204,183,2484,375,8664,480,9524,476,4844,717,0454,886,8974,784,1553,864,0743,822,4603,767,1583,782,0873,754,3003,669,5153,554,8143,554,8703,472,0393,408,2633,269,9353,237,0793,238,4383,201,2983,187,5863,191,6683,181,3623,128,2903,025,1413,076,8123,011,7203,056,9612,999,0222,678,6872,629,4862,663,9841,735,9121,787,0351,761,6711,636,2701,559,2381,621,0631,600,9381,610,4131,446,1781,474,0001,428,8001,407,8001,176,8001,362,5001,113,9001,077,5001,017,8001,020,1001,007,7001,010,400987,800968,000886,700704,200681,300707,900686,300697,200639,700644,600624,100644,300630,500626,100620,800645,800610,200616,900600,500611,900593,800596,600591,700540,100539,500541,100517,100527,900520,100522,800501,3000000000000
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
38,900
69,500
39,700
54,600
49,900
50,400
26,900
31,100
45,500
55,800
36,100
48,900
34,900
61,100
40,800
61,300
32,600
32,600
33,900
39,900
28,900
52,000
35,400
72,600
53,300
75,300
40,500
52,500
51,900
43,900
45,300
45,600
40,300
51,600
49,400
81,500
43,900
47,300
44,200
47,800
50,900
71,900
48,743
60,682
58,077
1,576,140
35,778
75,040
62,824
1,727,174
59,233
125,698
102,067
108,552
103,748
114,495
108,547
102,093
86,101
107,799
103,165
96,621
95,247
97,703
111,579
98,855
87,315
99,343
98,304
125,586
72,355
111,434
133,894
183,016
132,453
107,943
107,038
147,048
275,684
139,041
133,558
171,644
229,946
119,940
3,270,514
134,734
123,709
83,740
50,874
94,051
60,166
665,932
112,011
126,759
109,870
672,203
662,225
730,909
735,543
720,921
774,884
778,503
687,067
736,769
730,936
728,634
732,289
817,888
823,273
865,572
833,250
875,753
880,909
961,543
1,146,521
1,229,536
1,194,276
1,307,804
1,398,787
1,360,886
1,475,113
1,702,908
2,124,806
2,134,390
2,123,939
2,557,436
2,315,720
2,558,268
3,040,937
3,087,532
2,966,365
3,043,038
2,763,817
2,714,340
2,175,109
333,725
564,028
418,239
2,063,959
2,273,505
2,223,774
1,990,339
2,089,396
1,864,811
1,579,973
1,579,9731,864,8112,089,3961,990,3392,223,7742,273,5052,063,959418,239564,028333,7252,175,1092,714,3402,763,8173,043,0382,966,3653,087,5323,040,9372,558,2682,315,7202,557,4362,123,9392,134,3902,124,8061,702,9081,475,1131,360,8861,398,7871,307,8041,194,2761,229,5361,146,521961,543880,909875,753833,250865,572823,273817,888732,289728,634730,936736,769687,067778,503774,884720,921735,543730,909662,225672,203109,870126,759112,011665,93260,16694,05150,87483,740123,709134,7343,270,514119,940229,946171,644133,558139,041275,684147,048107,038107,943132,453183,016133,894111,43472,355125,58698,30499,34387,31598,855111,57997,70395,24796,621103,165107,79986,101102,093108,547114,495103,748108,552102,067125,69859,2331,727,17462,82475,04035,7781,576,14058,07760,68248,74371,90050,90047,80044,20047,30043,90081,50049,40051,60040,30045,60045,30043,90051,90052,50040,50075,30053,30072,60035,40052,00028,90039,90033,90032,60032,60061,30040,80061,10034,90048,90036,10055,80045,50031,10026,90050,40049,90054,60039,70069,50038,9000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
32,400
62,900
33,200
47,700
42,900
43,800
20,000
24,000
37,700
48,800
29,700
42,100
28,300
55,200
35,200
55,100
26,400
26,900
28,600
33,900
23,100
46,400
29,900
66,500
46,900
69,100
34,600
46,200
44,100
35,300
37,000
36,600
31,200
42,600
41,200
72,800
34,500
36,500
35,300
36,700
39,200
60,600
37,900
47,929
44,724
53,446
23,826
63,303
49,268
72,614
47,877
107,997
83,445
91,206
86,959
97,903
91,408
85,253
71,040
92,856
85,571
79,303
78,641
80,753
92,018
79,165
68,280
79,804
74,358
101,241
50,414
89,819
107,940
159,614
111,241
88,263
85,469
123,072
254,901
118,263
111,199
150,826
210,414
101,046
169,137
116,060
106,126
66,739
50,874
76,281
60,166
126,163
95,281
110,253
92,351
139,903
111,999
129,302
111,216
164,503
149,998
143,747
98,408
166,136
172,471
132,597
111,788
134,485
163,191
183,004
133,405
152,386
124,686
190,955
219,557
189,932
153,061
170,492
209,264
176,210
186,550
257,799
432,484
295,464
260,675
609,780
438,568
585,201
580,707
606,459
538,708
641,300
543,539
349,261
299,125
248,655
478,513
328,455
473,812
548,729
511,011
273,900
443,845
386,507
417,647
417,647386,507443,845273,900511,011548,729473,812328,455478,513248,655299,125349,261543,539641,300538,708606,459580,707585,201438,568609,780260,675295,464432,484257,799186,550176,210209,264170,492153,061189,932219,557190,955124,686152,386133,405183,004163,191134,485111,788132,597172,471166,13698,408143,747149,998164,503111,216129,302111,999139,90392,351110,25395,281126,16360,16676,28150,87466,739106,126116,060169,137101,046210,414150,826111,199118,263254,901123,07285,46988,263111,241159,614107,94089,81950,414101,24174,35879,80468,28079,16592,01880,75378,64179,30385,57192,85671,04085,25391,40897,90386,95991,20683,445107,99747,87772,61449,26863,30323,82653,44644,72447,92937,90060,60039,20036,70035,30036,50034,50072,80041,20042,60031,20036,60037,00035,30044,10046,20034,60069,10046,90066,50029,90046,40023,10033,90028,60026,90026,40055,10035,20055,20028,30042,10029,70048,80037,70024,00020,00043,80042,90047,70033,20062,90032,4000000000000
       Short-term Investments 
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
15,783
0
0
0
38,156
0
0
0
34,968
0
0
0
40,556
0
0
0
9,343
0
0
0
8,748
0
0
0
11,284
0
0
0
24,931
0
0
0
105,060
426,589
610,731
480,284
413,607
0
0
0
539,370
575,546
591,212
496,608
496,608
518,491
518,491
547,308
547,551
551,619
513,343
532,867
584,593
606,341
536,201
605,507
615,184
567,996
549,543
538,055
575,415
597,839
658,400
636,785
658,829
675,813
696,862
730,788
742,759
890,721
999,947
1,003,799
1,096,837
1,149,162
1,142,195
1,247,632
1,399,959
1,646,399
1,790,025
1,815,775
1,890,593
1,824,160
1,919,119
2,405,568
2,426,900
2,374,578
2,344,551
2,164,197
2,296,351
1,983,972
1,976,661
1,794,208
1,651,362
1,500,136
1,627,112
1,620,213
1,618,893
1,553,496
1,386,475
1,073,974
1,073,9741,386,4751,553,4961,618,8931,620,2131,627,1121,500,1361,651,3621,794,2081,976,6611,983,9722,296,3512,164,1972,344,5512,374,5782,426,9002,405,5681,919,1191,824,1601,890,5931,815,7751,790,0251,646,3991,399,9591,247,6321,142,1951,149,1621,096,8371,003,799999,947890,721742,759730,788696,862675,813658,829636,785658,400597,839575,415538,055549,543567,996615,184605,507536,201606,341584,593532,867513,343551,619547,551547,308518,491518,491496,608496,608591,212575,546539,370000413,607480,284610,731426,589105,06000024,93100011,2840008,7480009,34300040,55600034,96800038,15600015,7830000000000000000000000000000000000000000000000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
6,500
6,600
6,500
6,900
7,000
6,600
6,900
7,100
7,800
7,000
6,400
6,800
6,600
5,900
5,600
6,200
6,200
5,700
5,300
6,000
5,800
5,600
5,500
6,100
6,400
6,200
5,900
6,300
7,800
8,600
8,300
9,000
9,100
9,000
8,200
8,700
9,400
10,800
8,900
11,100
11,700
11,300
10,843
12,753
13,353
13,135
11,952
11,737
13,556
12,024
11,356
17,701
18,622
17,346
16,789
16,592
17,139
16,840
15,061
14,943
17,594
17,318
16,606
16,950
19,561
19,690
19,035
19,539
23,946
24,345
21,941
21,615
25,954
23,402
21,212
19,680
21,569
23,976
20,783
20,778
22,359
20,818
19,532
18,894
20,310
18,674
17,583
17,001
17,770
17,770
17,723
21,278
16,730
16,506
17,519
18,957
17,359
17,014
17,986
20,217
19,379
19,572
20,663
21,090
20,410
20,622
22,662
25,003
23,297
23,739
24,032
26,505
25,435
27,829
36,243
39,657
37,416
40,475
40,361
42,481
40,931
45,150
45,923
48,901
47,489
57,063
52,992
53,948
54,662
54,173
53,079
57,187
56,081
68,728
71,605
85,070
85,515
89,784
90,011
97,664
92,550
97,546
92,055
91,829
88,352
88,35291,82992,05597,54692,55097,66490,01189,78485,51585,07071,60568,72856,08157,18753,07954,17354,66253,94852,99257,06347,48948,90145,92345,15040,93142,48140,36140,47537,41639,65736,24327,82925,43526,50524,03223,73923,29725,00322,66220,62220,41021,09020,66319,57219,37920,21717,98617,01417,35918,95717,51916,50616,73021,27817,72317,77017,77017,00117,58318,67420,31018,89419,53220,81822,35920,77820,78323,97621,56919,68021,21223,40225,95421,61521,94124,34523,94619,53919,03519,69019,56116,95016,60617,31817,59414,94315,06116,84017,13916,59216,78917,34618,62217,70111,35612,02413,55611,73711,95213,13513,35312,75310,84311,30011,70011,1008,90010,8009,4008,7008,2009,0009,1009,0008,3008,6007,8006,3005,9006,2006,4006,1005,5005,6005,8006,0005,3005,7006,2006,2005,6005,9006,6006,8006,4007,0007,8007,1006,9006,6007,0006,9006,5006,6006,5000000000000
       Other Current Assets 
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
585,200
593,300
584,100
581,100
592,500
612,800
620,900
620,300
628,700
639,400
819,300
907,100
925,500
947,700
950,400
951,500
951,200
975,900
1,049,200
1,075,800
1,112,500
1,337,000
1,355,000
1,379,100
1,374,063
1,504,030
1,497,833
0
1,509,559
1,517,638
1,638,868
0
1,642,536
2,392,372
2,381,487
2,082,211
2,381,495
2,395,387
2,403,198
2,435,560
2,381,227
2,429,900
2,479,196
2,511,119
2,504,416
2,505,871
2,511,995
2,525,708
2,563,766
2,663,487
2,728,484
2,783,036
2,825,151
2,897,618
2,965,272
2,967,603
3,029,068
3,125,731
3,188,125
3,929,508
3,943,378
3,727,060
3,635,417
3,531,647
3,294,876
3,207,346
3,081,067
3,002,848
2,902,701
2,868,444
0
3,081,067
0
2,881,306
2,962,296
2,960,002
3,010,190
2,555,977
2,518,138
2,495,439
2,473,471
3,343,542
3,251,053
3,346,091
3,439,406
3,610,281
3,661,610
3,894,121
3,945,755
4,308,704
4,346,196
4,387,054
4,533,290
4,678,055
4,768,793
5,097,840
5,852,952
6,004,985
6,165,182
6,239,772
6,198,107
6,328,044
6,313,034
6,383,522
7,017,638
7,034,866
7,180,214
7,784,160
7,801,016
7,678,200
7,206,304
698,157
631,989
734,686
679,313
539,475
519,294
451,378
674,875
539,648
705,824
751,107
709,568
483,350
541,147
-91,829
0
0-91,829541,147483,350709,568751,107705,824539,648674,875451,378519,294539,475679,313734,686631,989698,1577,206,3047,678,2007,801,0167,784,1607,180,2147,034,8667,017,6386,383,5226,313,0346,328,0446,198,1076,239,7726,165,1826,004,9855,852,9525,097,8404,768,7934,678,0554,533,2904,387,0544,346,1964,308,7043,945,7553,894,1213,661,6103,610,2813,439,4063,346,0913,251,0533,343,5422,473,4712,495,4392,518,1382,555,9773,010,1902,960,0022,962,2962,881,30603,081,06702,868,4442,902,7013,002,8483,081,0673,207,3463,294,8763,531,6473,635,4173,727,0603,943,3783,929,5083,188,1253,125,7313,029,0682,967,6032,965,2722,897,6182,825,1512,783,0362,728,4842,663,4872,563,7662,525,7082,511,9952,505,8712,504,4162,511,1192,479,1962,429,9002,381,2272,435,5602,403,1982,395,3872,381,4952,082,2112,381,4872,392,3721,642,53601,638,8681,517,6381,509,55901,497,8331,504,0301,374,0631,379,1001,355,0001,337,0001,112,5001,075,8001,049,200975,900951,200951,500950,400947,700925,500907,100819,300639,400628,700620,300620,900612,800592,500581,100584,100593,300585,2000000000000000000000000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
462,400
453,300
480,400
473,300
467,200
490,700
512,600
509,000
546,200
540,800
557,700
563,000
565,600
555,800
569,400
584,500
588,200
593,500
596,600
604,400
595,200
592,600
604,300
624,600
633,000
632,600
640,800
651,700
834,800
924,100
942,500
964,800
967,400
968,500
968,400
996,000
1,070,000
1,315,200
1,132,600
1,360,000
1,377,900
1,402,100
1,397,435
1,549,731
1,542,861
0
1,523,460
1,561,230
1,698,847
0
1,676,679
2,538,286
2,527,419
2,570,135
2,895,274
2,942,466
2,903,173
2,974,719
2,939,040
3,020,491
3,078,197
3,095,047
3,092,339
3,103,595
3,126,859
3,138,224
3,182,620
3,308,920
3,373,735
3,429,284
3,482,459
3,558,081
3,620,406
3,599,071
3,634,705
3,714,517
3,757,036
4,637,107
4,611,213
4,578,004
4,342,926
4,309,308
4,145,920
4,063,308
909,806
4,036,114
3,993,466
4,010,478
35,804
4,024,458
36,424
3,507,144
4,124,355
4,105,664
4,140,298
3,632,618
3,590,605
3,607,355
3,590,368
4,716,341
4,678,052
4,836,617
4,904,316
5,087,358
5,146,585
5,411,674
5,457,508
5,943,115
5,975,266
6,040,846
6,189,102
6,335,858
6,445,284
6,843,486
7,902,882
8,137,942
8,278,520
8,426,911
8,388,495
2,195,786
2,422,778
2,651,427
3,182,617
10,322,864
10,569,579
11,261,942
11,421,630
3,830,742
4,381,825
4,825,922
5,122,653
5,200,868
5,164,640
5,501,436
1,009,129
5,128,750
4,918,893
4,749,358
15,932,689
16,132,382
16,094,029
16,313,084
16,258,156
16,447,158
16,859,814
16,859,81416,447,15816,258,15616,313,08416,094,02916,132,38215,932,6894,749,3584,918,8935,128,7501,009,1295,501,4365,164,6405,200,8685,122,6534,825,9224,381,8253,830,74211,421,63011,261,94210,569,57910,322,8643,182,6172,651,4272,422,7782,195,7868,388,4958,426,9118,278,5208,137,9427,902,8826,843,4866,445,2846,335,8586,189,1026,040,8465,975,2665,943,1155,457,5085,411,6745,146,5855,087,3584,904,3164,836,6174,678,0524,716,3413,590,3683,607,3553,590,6053,632,6184,140,2984,105,6644,124,3553,507,14436,4244,024,45835,8044,010,4783,993,4664,036,114909,8064,063,3084,145,9204,309,3084,342,9264,578,0044,611,2134,637,1073,757,0363,714,5173,634,7053,599,0713,620,4063,558,0813,482,4593,429,2843,373,7353,308,9203,182,6203,138,2243,126,8593,103,5953,092,3393,095,0473,078,1973,020,4912,939,0402,974,7192,903,1732,942,4662,895,2742,570,1352,527,4192,538,2861,676,67901,698,8471,561,2301,523,46001,542,8611,549,7311,397,4351,402,1001,377,9001,360,0001,132,6001,315,2001,070,000996,000968,400968,500967,400964,800942,500924,100834,800651,700640,800632,600633,000624,600604,300592,600595,200604,400596,600593,500588,200584,500569,400555,800565,600563,000557,700540,800546,200509,000512,600490,700467,200473,300480,400453,300462,4000000000000
       Property Plant Equipment 
0
0
0
0
0
0
0
0
0
0
6,100
6,000
5,900
5,800
5,800
5,900
5,900
6,000
6,900
7,000
7,100
7,100
7,300
7,600
7,800
8,200
9,100
9,400
9,300
9,100
9,100
9,500
9,900
9,900
10,200
10,500
10,300
10,500
13,800
15,300
15,300
15,500
15,300
15,400
15,600
17,100
17,800
19,000
17,100
20,000
20,000
20,100
20,552
24,143
23,810
23,868
23,466
23,062
27,184
27,684
28,426
39,292
39,179
38,645
38,861
39,313
39,475
39,639
38,972
38,437
38,170
38,254
37,525
37,240
38,473
39,417
39,029
41,122
40,511
42,393
43,262
44,126
44,255
44,445
44,526
44,232
44,402
59,641
58,948
58,692
58,482
55,804
54,431
53,437
52,774
52,450
51,818
51,851
70,857
51,432
67,302
51,013
51,541
51,335
51,373
52,749
53,762
54,165
54,386
74,454
74,847
74,856
74,105
77,691
77,468
84,841
83,457
97,648
96,494
95,170
95,540
94,432
91,311
92,637
102,485
95,852
94,741
94,397
93,728
93,420
91,863
91,767
113,446
113,055
114,045
112,548
112,959
111,062
109,432
103,822
104,814
105,655
105,883
117,757
116,306
117,118
115,857
114,402
132,441
133,896
132,706
133,245
129,582
129,743
128,749
128,749129,743129,582133,245132,706133,896132,441114,402115,857117,118116,306117,757105,883105,655104,814103,822109,432111,062112,959112,548114,045113,055113,44691,76791,86393,42093,72894,39794,74195,852102,48592,63791,31194,43295,54095,17096,49497,64883,45784,84177,46877,69174,10574,85674,84774,45454,38654,16553,76252,74951,37351,33551,54151,01367,30251,43270,85751,85151,81852,45052,77453,43754,43155,80458,48258,69258,94859,64144,40244,23244,52644,44544,25544,12643,26242,39340,51141,12239,02939,41738,47337,24037,52538,25438,17038,43738,97239,63939,47539,31338,86138,64539,17939,29228,42627,68427,18423,06223,46623,86823,81024,14320,55220,10020,00020,00017,10019,00017,80017,10015,60015,40015,30015,50015,30015,30013,80010,50010,30010,50010,2009,9009,9009,5009,1009,1009,3009,4009,1008,2007,8007,6007,3007,1007,1007,0006,9006,0005,9005,9005,8005,8005,9006,0006,1000000000000
       Goodwill 
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
2,100
2,000
2,000
2,000
1,900
1,900
1,900
1,800
1,800
1,800
1,700
1,700
1,700
1,600
1,700
1,600
1,600
3,000
3,000
3,100
3,000
3,000
2,900
2,900
2,820
21,558
21,218
21,055
20,574
20,530
32,795
32,177
33,551
106,622
106,753
107,217
141,226
144,663
143,648
142,723
141,867
141,014
140,186
141,284
140,578
139,799
139,597
138,833
138,174
137,429
136,666
138,638
137,847
137,056
136,266
135,856
135,056
136,230
135,701
143,482
141,357
141,357
141,357
141,357
141,357
141,357
141,357
141,357
141,357
141,357
141,357
141,357
141,357
141,357
141,357
141,357
141,375
141,375
141,375
141,375
141,375
188,948
188,948
188,948
188,948
202,724
202,724
205,376
205,376
243,129
244,000
244,000
244,000
244,000
244,000
292,188
445,355
445,355
445,355
445,355
445,355
445,355
445,355
445,355
543,199
543,918
543,918
543,918
543,918
543,918
543,918
545,385
545,385
545,385
545,385
713,201
712,568
712,002
712,002
712,002
712,002
712,002
712,002
712,002
712,002
712,002
712,002
712,002712,002712,002712,002712,002712,002712,002712,002712,002712,002712,568713,201545,385545,385545,385545,385543,918543,918543,918543,918543,918543,918543,199445,355445,355445,355445,355445,355445,355445,355445,355292,188244,000244,000244,000244,000244,000243,129205,376205,376202,724202,724188,948188,948188,948188,948141,375141,375141,375141,375141,375141,357141,357141,357141,357141,357141,357141,357141,357141,357141,357141,357141,357141,357141,357141,357141,357143,482135,701136,230135,056135,856136,266137,056137,847138,638136,666137,429138,174138,833139,597139,799140,578141,284140,186141,014141,867142,723143,648144,663141,226107,217106,753106,62233,55132,17732,79520,53020,57421,05521,21821,5582,8202,9002,9003,0003,0003,1003,0003,0001,6001,6001,7001,6001,7001,7001,7001,8001,8001,8001,9001,9001,9002,0002,0002,0002,1000000000000000000000000000000
       Long Term Investments 
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
0
0
0
0
0
0
3,015,890
3,093,341
3,093,341
3,088,290
3,088,290
3,157,482
3,139,539
3,171,639
3,216,163
3,174,256
3,190,808
3,172,339
4,129,248
4,098,100
4,260,639
4,335,112
4,499,224
4,560,541
4,821,051
4,871,751
5,259,862
5,285,441
5,387,069
5,536,485
5,684,180
5,804,375
6,147,273
6,992,774
7,244,038
7,369,766
7,528,408
8,637,938
1,657,170
9,084,407
9,528,874
10,716,019
10,984,126
11,210,388
11,967,702
12,053,576
12,263,279
2,409,998
4,148,314
4,445,516
4,524,353
4,489,263
4,630,030
4,294,768
4,263,788
4,057,389
3,891,491
3,713,724
3,811,364
3,783,574
3,753,088
3,662,145
3,460,695
3,427,121
3,427,1213,460,6953,662,1453,753,0883,783,5743,811,3643,713,7243,891,4914,057,3894,263,7884,294,7684,630,0304,489,2634,524,3534,445,5164,148,3142,409,99812,263,27912,053,57611,967,70211,210,38810,984,12610,716,0199,528,8749,084,4071,657,1708,637,9387,528,4087,369,7667,244,0386,992,7746,147,2735,804,3755,684,1805,536,4855,387,0695,285,4415,259,8624,871,7514,821,0514,560,5414,499,2244,335,1124,260,6394,098,1004,129,2483,172,3393,190,8083,174,2563,216,1633,171,6393,139,5393,157,4823,088,2903,088,2903,093,3413,093,3413,015,8900000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
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
2,820
21,558
21,218
21,055
20,574
20,530
32,795
32,177
33,551
106,622
106,753
107,217
141,226
144,663
143,648
142,723
141,867
141,014
140,186
141,284
140,578
139,799
139,597
138,833
138,174
137,429
136,666
138,638
137,847
137,056
136,266
135,856
135,056
136,230
135,701
22,492
21,214
19,937
18,660
17,383
16,175
14,983
13,823
12,662
11,561
10,460
10,460
9,705
9,705
9,114
9,129
8,649
8,644
8,154
7,767
7,384
7,001
13,818
13,227
12,635
12,043
16,031
15,310
14,820
14,127
16,635
17,799
16,821
15,844
14,866
13,963
17,498
33,203
31,148
29,422
27,704
26,054
24,429
22,901
21,381
36,552
34,962
33,448
31,937
30,451
28,975
27,618
28,401
26,938
25,475
24,109
40,448
38,145
35,842
33,645
31,463
29,281
27,099
25,142
23,371
21,599
19,828
18,302
18,30219,82821,59923,37125,14227,09929,28131,46333,64535,84238,14540,44824,10925,47526,93828,40127,61828,97530,45131,93733,44834,96236,55221,38122,90124,42926,05427,70429,42231,14833,20317,49813,96314,86615,84416,82117,79916,63514,12714,82015,31016,03112,04312,63513,22713,8187,0017,3847,7678,1548,6448,6499,1299,1149,7059,70510,46010,46011,56112,66213,82314,98316,17517,38318,66019,93721,21422,492135,701136,230135,056135,856136,266137,056137,847138,638136,666137,429138,174138,833139,597139,799140,578141,284140,186141,014141,867142,723143,648144,663141,226107,217106,753106,62233,55132,17732,79520,53020,57421,05521,21821,5582,8200000000000000000000000000000000000000000000000000000
       Earning Assets 
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
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
1,961,284
2,252,980
2,794,066
2,779,954
2,943,435
3,199,037
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000003,199,0372,943,4352,779,9542,794,0662,252,9801,961,2840000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
268,900
269,300
275,000
275,300
266,200
287,300
289,700
288,700
317,900
322,100
321,800
331,300
336,100
349,700
349,500
358,100
362,900
375,800
375,100
390,200
393,700
404,000
407,300
420,800
407,400
419,000
428,400
442,400
560,500
631,500
652,100
681,600
701,200
704,100
703,700
720,500
736,500
746,400
755,100
960,900
987,200
1,035,100
1,056,183
1,177,740
1,179,345
365,717
1,199,997
1,255,641
1,388,846
307,700
1,394,341
2,031,296
2,036,035
2,082,211
2,381,495
2,395,387
2,403,198
2,435,560
2,381,227
2,429,900
2,479,196
2,511,119
2,504,416
2,505,871
2,511,995
2,525,708
2,563,766
2,663,487
2,728,484
2,783,036
2,825,151
2,897,618
2,965,272
2,967,603
3,029,068
3,125,731
3,188,125
3,929,508
3,943,378
3,727,060
3,582,589
3,531,647
3,294,876
3,207,346
5,090,126
3,002,848
2,902,701
2,868,444
0
2,884,136
0
2,881,306
2,962,296
2,960,002
3,010,190
2,555,977
2,518,138
2,495,439
2,473,471
3,343,541
3,251,053
3,346,091
3,439,406
3,610,281
3,661,610
3,894,121
3,945,755
4,308,704
4,346,196
4,387,054
4,533,290
4,678,055
4,768,793
5,097,840
5,852,952
6,004,985
6,165,182
6,239,772
6,198,107
6,328,044
6,313,034
6,383,522
7,017,638
7,034,866
7,180,214
7,784,160
7,801,016
7,678,200
7,206,304
7,009,643
6,971,707
7,209,243
7,536,801
9,564,716
14,534,747
12,475,831
12,695,987
12,800,815
12,845,377
0
0
0
-1,102,391
12,331,394
15,940,115
15,940,11512,331,394-1,102,39100012,845,37712,800,81512,695,98712,475,83114,534,7479,564,7167,536,8017,209,2436,971,7077,009,6437,206,3047,678,2007,801,0167,784,1607,180,2147,034,8667,017,6386,383,5226,313,0346,328,0446,198,1076,239,7726,165,1826,004,9855,852,9525,097,8404,768,7934,678,0554,533,2904,387,0544,346,1964,308,7043,945,7553,894,1213,661,6103,610,2813,439,4063,346,0913,251,0533,343,5412,473,4712,495,4392,518,1382,555,9773,010,1902,960,0022,962,2962,881,30602,884,13602,868,4442,902,7013,002,8485,090,1263,207,3463,294,8763,531,6473,582,5893,727,0603,943,3783,929,5083,188,1253,125,7313,029,0682,967,6032,965,2722,897,6182,825,1512,783,0362,728,4842,663,4872,563,7662,525,7082,511,9952,505,8712,504,4162,511,1192,479,1962,429,9002,381,2272,435,5602,403,1982,395,3872,381,4952,082,2112,036,0352,031,2961,394,341307,7001,388,8461,255,6411,199,997365,7171,179,3451,177,7401,056,1831,035,100987,200960,900755,100746,400736,500720,500703,700704,100701,200681,600652,100631,500560,500442,400428,400419,000407,400420,800407,300404,000393,700390,200375,100375,800362,900358,100349,500349,700336,100331,300321,800322,100317,900288,700289,700287,300266,200275,300275,000269,300268,9000000000000
> Total Liabilities 
0
0
0
0
0
0
0
0
0
0
454,000
474,600
470,900
477,700
466,500
489,800
487,500
487,000
534,200
538,100
533,900
550,600
537,800
553,000
544,600
578,500
552,000
557,300
561,000
574,400
552,800
573,600
566,000
620,600
608,100
627,400
600,000
621,700
786,100
855,300
874,000
893,500
888,000
898,100
893,700
951,300
984,100
1,208,600
1,044,200
1,252,400
1,272,000
1,347,700
1,321,390
1,463,200
1,448,068
1,465,000
1,400,138
1,477,005
1,584,086
1,607,907
1,552,828
2,412,554
2,369,613
2,417,558
2,709,398
2,755,951
2,710,519
2,772,847
2,715,994
2,824,022
2,867,700
2,877,065
2,876,988
2,887,940
2,920,048
2,923,683
2,953,197
3,095,259
3,149,748
3,227,545
3,226,166
3,342,135
3,421,559
3,442,151
3,418,317
3,475,068
3,511,981
4,388,252
4,378,792
4,243,667
4,000,584
4,017,167
3,886,925
3,725,719
3,717,855
3,716,440
3,654,653
3,625,740
3,625,740
3,605,964
3,605,964
3,658,609
3,708,425
3,696,747
3,703,313
3,752,585
3,714,272
3,798,971
3,812,442
4,802,339
4,800,825
4,944,524
4,906,830
5,097,300
5,137,863
5,390,353
5,422,813
5,910,494
5,931,276
6,018,868
6,121,487
6,309,954
6,396,723
6,769,913
7,766,283
8,064,015
8,159,723
8,394,387
8,425,856
8,476,456
8,755,077
9,236,221
10,576,049
10,670,817
10,915,558
12,010,283
11,903,694
12,191,565
12,823,210
13,051,297
13,192,635
13,540,578
13,657,625
15,802,851
15,812,319
15,903,536
16,056,460
15,822,847
15,904,004
16,158,174
16,093,000
16,090,898
16,045,179
16,006,986
16,107,573
16,107,57316,006,98616,045,17916,090,89816,093,00016,158,17415,904,00415,822,84716,056,46015,903,53615,812,31915,802,85113,657,62513,540,57813,192,63513,051,29712,823,21012,191,56511,903,69412,010,28310,915,55810,670,81710,576,0499,236,2218,755,0778,476,4568,425,8568,394,3878,159,7238,064,0157,766,2836,769,9136,396,7236,309,9546,121,4876,018,8685,931,2765,910,4945,422,8135,390,3535,137,8635,097,3004,906,8304,944,5244,800,8254,802,3393,812,4423,798,9713,714,2723,752,5853,703,3133,696,7473,708,4253,658,6093,605,9643,605,9643,625,7403,625,7403,654,6533,716,4403,717,8553,725,7193,886,9254,017,1674,000,5844,243,6674,378,7924,388,2523,511,9813,475,0683,418,3173,442,1513,421,5593,342,1353,226,1663,227,5453,149,7483,095,2592,953,1972,923,6832,920,0482,887,9402,876,9882,877,0652,867,7002,824,0222,715,9942,772,8472,710,5192,755,9512,709,3982,417,5582,369,6132,412,5541,552,8281,607,9071,584,0861,477,0051,400,1381,465,0001,448,0681,463,2001,321,3901,347,7001,272,0001,252,4001,044,2001,208,600984,100951,300893,700898,100888,000893,500874,000855,300786,100621,700600,000627,400608,100620,600566,000573,600552,800574,400561,000557,300552,000578,500544,600553,000537,800550,600533,900538,100534,200487,000487,500489,800466,500477,700470,900474,600454,0000000000000
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
0
450,000
470,600
466,100
474,100
462,300
485,900
483,200
483,000
529,600
533,900
529,300
517,100
534,200
550,600
541,500
576,100
549,200
554,400
558,000
572,100
549,400
570,400
560,700
616,800
605,400
623,100
594,100
615,700
779,600
848,700
866,000
886,900
862,200
870,600
860,500
923,400
950,200
1,156,700
884,000
1,178,400
1,203,100
1,151,800
1,148,877
1,250,364
1,247,183
0
1,237,385
1,296,267
1,395,163
0
1,379,307
2,063,789
2,026,548
2,124,295
2,292,365
2,318,822
2,315,404
2,366,781
2,317,962
2,376,326
2,462,525
2,412,561
2,457,515
2,409,346
2,470,936
2,388,450
2,452,484
2,542,327
2,704,527
2,858,764
2,848,945
2,946,706
2,967,888
2,852,446
3,034,916
2,870,293
2,920,812
3,849,966
3,806,348
3,728,327
3,643,262
3,667,934
3,515,424
3,373,379
3,490,000
3,383,013
3,155,453
3,169,112
3,575,204
3,094,382
3,626,954
3,293,885
3,292,608
3,451,845
3,406,820
3,508,914
3,473,969
3,552,807
3,496,874
4,507,556
4,472,109
4,565,236
4,493,262
4,783,815
4,785,783
4,970,776
5,025,017
5,497,785
5,465,716
5,571,382
5,645,002
5,826,437
5,880,191
6,283,073
7,158,082
7,457,581
7,521,921
7,740,135
7,847,896
5,607
7,313
6,740
7,855
10,089,656
10,108,547
11,152,725
11,178,923
3,287
4,020
2,929
3,736
2,762
3,589
2,978
4,971
7,530
11,979
13,595
14,815,586
14,997,645
15,034,110
14,780,655
14,538,083
14,779,830
14,783,229
14,783,22914,779,83014,538,08314,780,65515,034,11014,997,64514,815,58613,59511,9797,5304,9712,9783,5892,7623,7362,9294,0203,28711,178,92311,152,72510,108,54710,089,6567,8556,7407,3135,6077,847,8967,740,1357,521,9217,457,5817,158,0826,283,0735,880,1915,826,4375,645,0025,571,3825,465,7165,497,7855,025,0174,970,7764,785,7834,783,8154,493,2624,565,2364,472,1094,507,5563,496,8743,552,8073,473,9693,508,9143,406,8203,451,8453,292,6083,293,8853,626,9543,094,3823,575,2043,169,1123,155,4533,383,0133,490,0003,373,3793,515,4243,667,9343,643,2623,728,3273,806,3483,849,9662,920,8122,870,2933,034,9162,852,4462,967,8882,946,7062,848,9452,858,7642,704,5272,542,3272,452,4842,388,4502,470,9362,409,3462,457,5152,412,5612,462,5252,376,3262,317,9622,366,7812,315,4042,318,8222,292,3652,124,2952,026,5482,063,7891,379,30701,395,1631,296,2671,237,38501,247,1831,250,3641,148,8771,151,8001,203,1001,178,400884,0001,156,700950,200923,400860,500870,600862,200886,900866,000848,700779,600615,700594,100623,100605,400616,800560,700570,400549,400572,100558,000554,400549,200576,100541,500550,600534,200517,100529,300533,900529,600483,000483,200485,900462,300474,100466,100470,600450,0000000000000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
47,600
63,000
52,000
51,000
56,800
56,200
66,200
53,500
57,300
49,100
48,500
15,300
38,100
37,100
33,900
51,100
44,600
46,900
60,800
52,400
42,500
39,200
36,900
52,900
66,200
35,000
37,600
41,600
91,000
54,200
84,100
65,800
72,800
26,800
25,100
36,200
85,700
66,600
0
82,500
141,000
0
0
0
0
0
0
0
0
0
0
0
0
81,588
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
98,900
150,723
216,688
199,543
0
214,168
0
0
122,311
113,106
130,053
125,045
125,687
112,826
107,505
0
109,871
226,400
22,978
508,768
27,946
489,374
156,305
10,936
160,779
210,478
160,690
161,813
218,864
239,873
274,317
185,738
233,137
179,320
139,920
134,023
177,988
206,718
205,046
150,736
160,777
197,029
266,829
241,007
262,492
242,107
280,661
188,910
231,513
208,824
670,961
615,315
793,290
684,842
242,946
230,317
181,150
267,732
81,588
81,588
148,842
184,580
373,716
274,769
662,778
810,779
803,518
515,342
288,748
152,537
157,280
130,264
247,680
154,894
242,102
307,947
307,947242,102154,894247,680130,264157,280152,537288,748515,342803,518810,779662,778274,769373,716184,580148,84281,58881,588267,732181,150230,317242,946684,842793,290615,315670,961208,824231,513188,910280,661242,107262,492241,007266,829197,029160,777150,736205,046206,718177,988134,023139,920179,320233,137185,738274,317239,873218,864161,813160,690210,478160,77910,936156,305489,37427,946508,76822,978226,400109,8710107,505112,826125,687125,045130,053113,106122,31100214,1680199,543216,688150,72398,90000000000000000081,588000000000000141,00082,500066,60085,70036,20025,10026,80072,80065,80084,10054,20091,00041,60037,60035,00066,20052,90036,90039,20042,50052,40060,80046,90044,60051,10033,90037,10038,10015,30048,50049,10057,30053,50066,20056,20056,80051,00052,00063,00047,6000000000000
       Short Long Term Debt 
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
124,539
0
0
0
246,766
414,324
429,356
494,051
313,548
579,926
712,183
219,550
308,014
265,343
268,788
181,296
227,225
225,523
248,443
204,110
229,316
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000229,316204,110248,443225,523227,225181,296268,788265,343308,014219,550712,183579,926313,548494,051429,356414,324246,766000124,53900000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,800
0
1,500
1,500
1,400
1,300
1,200
1,200
1,200
1,200
1,300
1,500
1,700
1,900
0
0
0
0
0
0
0
0
0
0
3,700
3,900
4,100
3,600
4,400
4,100
4,600
5,114
5,388
6,062
1,288,299
6,568
6,304
6,593
1,421,251
5,621
7,248
6,813
6,019
5,694
5,494
5,200
4,680
4,542
4,216
5,706
4,411
5,296
5,068
5,643
5,874
6,412
6,927
10,236
9,326
10,834
10,417
9,170
8,325
7,621
6,658
6,529
8,844
8,278
7,351
5,722
5,711
4,812
4,911
4,011
4,262
3,117
3,601
2,186
2,186
2,925
2,925
2,094
2,168
1,591
1,841
1,348
1,150
1,155
1,771
3,192
2,489
3,819
3,201
3,685
3,211
3,710
3,092
3,910
3,051
3,733
3,110
3,875
3,477
4,956
4,390
5,376
4,807
5,920
5,607
7,313
6,740
7,855
6,754
7,746
5,587
5,038
3,287
4,020
2,929
3,736
2,762
3,589
2,978
4,971
7,530
11,979
13,595
16,473
18,912
19,262
18,554
18,089
16,102
13,304
13,30416,10218,08918,55419,26218,91216,47313,59511,9797,5304,9712,9783,5892,7623,7362,9294,0203,2875,0385,5877,7466,7547,8556,7407,3135,6075,9204,8075,3764,3904,9563,4773,8753,1103,7333,0513,9103,0923,7103,2113,6853,2013,8192,4893,1921,7711,1551,1501,3481,8411,5912,1682,0942,9252,9252,1862,1863,6013,1174,2624,0114,9114,8125,7115,7227,3518,2788,8446,5296,6587,6218,3259,17010,41710,8349,32610,2366,9276,4125,8745,6435,0685,2964,4115,7064,2164,5424,6805,2005,4945,6946,0196,8137,2485,6211,421,2516,5936,3046,5681,288,2996,0625,3885,1144,6004,1004,4003,6004,1003,9003,70000000000001,9001,7001,5001,3001,2001,2001,2001,2001,3001,4001,5001,50001,800000000000000000000000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
402,400
407,600
414,100
423,100
405,500
429,700
417,000
429,500
472,300
484,800
482,600
500,000
498,000
512,000
506,100
523,600
503,300
506,300
496,000
518,500
505,700
529,900
522,300
562,200
537,300
590,000
558,400
575,900
691,800
797,900
785,400
824,800
793,100
847,400
839,100
883,500
860,600
1,086,000
880,400
1,091,500
1,058,000
1,147,200
1,143,763
1,244,976
1,241,121
0
1,230,817
1,289,963
1,388,570
0
1,373,686
2,056,541
2,019,735
2,036,688
2,286,671
2,313,328
2,310,204
2,362,101
2,313,420
2,372,110
2,456,819
2,408,150
2,452,219
2,404,278
2,465,293
2,382,576
2,446,072
2,535,400
2,694,291
2,750,538
2,687,388
2,719,601
2,759,175
2,844,121
2,813,127
2,863,635
2,914,283
3,718,811
3,684,964
3,590,923
3,512,495
3,536,536
3,397,786
3,260,963
0
3,268,880
3,152,336
3,142,533
3,064,250
3,064,250
3,134,655
3,134,655
3,279,578
3,288,898
3,194,751
3,346,383
3,310,808
3,332,793
3,255,846
4,231,468
4,283,179
4,329,610
4,310,123
4,640,694
4,648,075
4,789,577
4,814,589
5,289,647
5,311,070
5,407,554
5,444,240
5,556,498
5,635,309
6,017,104
6,911,019
7,172,530
7,327,635
7,503,815
7,633,152
-5,607
-7,313
-6,740
-7,855
9,839,956
9,870,484
10,965,988
10,906,153
-3,287
-4,020
-148,842
-184,580
-373,716
-274,769
-2,978
-4,971
-7,530
-11,979
-13,595
14,646,576
14,821,453
14,884,584
14,569,070
14,255,444
14,521,626
14,461,978
14,461,97814,521,62614,255,44414,569,07014,884,58414,821,45314,646,576-13,595-11,979-7,530-4,971-2,978-274,769-373,716-184,580-148,842-4,020-3,28710,906,15310,965,9889,870,4849,839,956-7,855-6,740-7,313-5,6077,633,1527,503,8157,327,6357,172,5306,911,0196,017,1045,635,3095,556,4985,444,2405,407,5545,311,0705,289,6474,814,5894,789,5774,648,0754,640,6944,310,1234,329,6104,283,1794,231,4683,255,8463,332,7933,310,8083,346,3833,194,7513,288,8983,279,5783,134,6553,134,6553,064,2503,064,2503,142,5333,152,3363,268,88003,260,9633,397,7863,536,5363,512,4953,590,9233,684,9643,718,8112,914,2832,863,6352,813,1272,844,1212,759,1752,719,6012,687,3882,750,5382,694,2912,535,4002,446,0722,382,5762,465,2932,404,2782,452,2192,408,1502,456,8192,372,1102,313,4202,362,1012,310,2042,313,3282,286,6712,036,6882,019,7352,056,5411,373,68601,388,5701,289,9631,230,81701,241,1211,244,9761,143,7631,147,2001,058,0001,091,500880,4001,086,000860,600883,500839,100847,400793,100824,800785,400797,900691,800575,900558,400590,000537,300562,200522,300529,900505,700518,500496,000506,300503,300523,600506,100512,000498,000500,000482,600484,800472,300429,500417,000429,700405,500423,100414,100407,600402,4000000000000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
4,000
4,000
4,800
3,600
4,200
3,900
4,300
4,000
4,600
4,200
4,600
33,500
3,600
2,400
3,100
2,400
2,800
2,900
3,000
2,300
3,400
3,200
5,300
3,800
2,700
4,300
5,900
6,000
6,500
6,600
8,000
6,600
25,800
27,500
33,200
27,900
33,900
51,900
160,200
74,000
68,900
195,900
172,513
212,836
200,885
0
162,753
180,738
188,923
0
173,521
348,765
343,065
293,263
417,033
437,129
395,115
406,066
398,032
447,696
405,175
464,504
419,473
478,594
449,112
535,233
500,713
552,932
445,221
368,781
377,221
395,429
453,671
589,705
383,401
604,775
591,169
538,286
572,444
515,340
357,322
349,233
371,501
352,340
320,142
333,427
499,200
456,628
30,760
511,582
31,655
364,724
415,817
244,902
296,493
243,671
240,303
246,164
315,568
294,783
328,716
379,288
413,568
313,485
352,080
419,577
397,796
412,709
465,560
447,486
476,485
483,517
516,532
486,840
608,201
606,434
637,802
654,252
577,960
453,449
483,532
598,616
493,239
581,161
807,011
857,558
724,771
507,810
477,776
452,741
452,707
452,673
427,637
750,164
4,971
7,530
11,979
874,805
1,088,418
1,160,529
1,058,890
1,255,594
1,507,096
1,227,156
1,324,344
1,324,3441,227,1561,507,0961,255,5941,058,8901,160,5291,088,418874,80511,9797,5304,971750,164427,637452,673452,707452,741477,776507,810724,771857,558807,011581,161493,239598,616483,532453,449577,960654,252637,802606,434608,201486,840516,532483,517476,485447,486465,560412,709397,796419,577352,080313,485413,568379,288328,716294,783315,568246,164240,303243,671296,493244,902415,817364,72431,655511,58230,760456,628499,200333,427320,142352,340371,501349,233357,322515,340572,444538,286591,169604,775383,401589,705453,671395,429377,221368,781445,221552,932500,713535,233449,112478,594419,473464,504405,175447,696398,032406,066395,115437,129417,033293,263343,065348,765173,5210188,923180,738162,7530200,885212,836172,513195,90068,90074,000160,20051,90033,90027,90033,20027,50025,8006,6008,0006,6006,5006,0005,9004,3002,7003,8005,3003,2003,4002,3003,0002,9002,8002,4003,1002,4003,60033,5004,6004,2004,6004,0004,3003,9004,2003,6004,8004,0004,0000000000000
       Long term Debt Total 
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
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
138,463
138,519
138,574
138,630
138,685
840,053
867,164
785,574
684,912
663,497
599,645
636,296
634,250
597,334
1,036,632
1,174,552
1,313,945
1,153,976
1,027,277
0
0
0
0
0
0
0
00000001,027,2771,153,9761,313,9451,174,5521,036,632597,334634,250636,296599,645663,497684,912785,574867,164840,053138,685138,630138,574138,519138,463000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
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
11,315
10,607
11,295
13,120
14,457
12,610
13,061
12,252
14,188
18,488
20,945
23,943
33,906
24,954
26,264
27,576
30,218
29,027
30,959
28,024
33,576
29,262
30,796
32,871
38,123
32,512
36,311
36,243
41,590
34,960
41,915
29,256
30,728
25,183
26,390
51,087
97,360
58,970
38,233
30,405
58,258
30,844
33,715
28,565
55,536
35,363
0
32,946
0
34,580
31,138
34,272
40,448
39,113
36,704
42,793
32,582
47,607
33,849
34,138
35,090
44,612
62,564
48,219
41,714
52,303
78,359
54,280
54,908
59,259
52,626
48,860
66,651
57,098
55,462
33,025
39,944
32,659
46,310
67,592
56,164
40,684
91,654
59,654
98,892
141,756
130,558
245,323
203,914
170,989
150,749
192,372
197,971
81,230
113,304
108,601
0
0
0
0
0
0
0
0000000108,601113,30481,230197,971192,372150,749170,989203,914245,323130,558141,75698,89259,65491,65440,68456,16467,59246,31032,65939,94433,02555,46257,09866,65148,86052,62659,25954,90854,28078,35952,30341,71448,21962,56444,61235,09034,13833,84947,60732,58242,79336,70439,11340,44834,27231,13834,580032,946035,36355,53628,56533,71530,84458,25830,40538,23358,97097,36051,08726,39025,18330,72829,25641,91534,96041,59036,24336,31132,51238,12332,87130,79629,26233,57628,02430,95929,02730,21827,57626,26424,95433,90623,94320,94518,48814,18812,25213,06112,61014,45713,12011,29510,60711,3150000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
0
0
0
0
0
0
0
0
0
0
47,300
48,200
49,200
50,200
50,600
51,300
52,000
53,100
57,500
58,500
59,900
61,300
62,700
63,900
65,600
67,300
68,800
68,800
69,500
69,900
71,300
71,000
73,700
76,600
78,200
80,500
81,300
82,500
100,600
112,700
113,800
116,900
119,700
122,000
124,100
126,200
129,800
153,900
132,600
155,400
156,800
126,300
124,788
147,213
152,870
156,063
159,100
159,265
177,585
179,128
183,084
251,430
259,873
261,129
289,624
301,010
301,201
303,965
309,147
304,268
313,662
314,603
310,598
313,358
318,390
313,396
316,738
313,004
322,291
327,325
328,648
327,380
332,741
339,936
348,841
347,392
352,093
395,903
508,105
473,378
475,900
463,785
488,941
457,529
462,465
454,408
462,522
468,478
468,478
512,545
512,545
514,467
527,941
535,676
546,855
552,236
538,558
539,293
513,469
634,923
652,111
670,596
684,553
726,827
739,658
749,955
766,984
850,509
867,263
887,550
900,865
901,657
929,470
1,035,116
1,283,120
1,303,463
1,313,073
1,340,328
1,361,426
1,408,260
1,455,848
1,501,636
1,749,012
1,786,437
1,777,960
1,809,095
1,833,656
1,875,645
1,805,856
1,871,800
1,868,090
1,912,571
1,807,633
1,977,641
1,906,666
2,034,770
2,122,448
2,145,565
2,092,644
2,247,713
2,224,803
2,212,525
2,302,373
2,304,983
2,332,214
2,332,2142,304,9832,302,3732,212,5252,224,8032,247,7132,092,6442,145,5652,122,4482,034,7701,906,6661,977,6411,807,6331,912,5711,868,0901,871,8001,805,8561,875,6451,833,6561,809,0951,777,9601,786,4371,749,0121,501,6361,455,8481,408,2601,361,4261,340,3281,313,0731,303,4631,283,1201,035,116929,470901,657900,865887,550867,263850,509766,984749,955739,658726,827684,553670,596652,111634,923513,469539,293538,558552,236546,855535,676527,941514,467512,545512,545468,478468,478462,522454,408462,465457,529488,941463,785475,900473,378508,105395,903352,093347,392348,841339,936332,741327,380328,648327,325322,291313,004316,738313,396318,390313,358310,598314,603313,662304,268309,147303,965301,201301,010289,624261,129259,873251,430183,084179,128177,585159,265159,100156,063152,870147,213124,788126,300156,800155,400132,600153,900129,800126,200124,100122,000119,700116,900113,800112,700100,60082,50081,30080,50078,20076,60073,70071,00071,30069,90069,50068,80068,80067,30065,60063,90062,70061,30059,90058,50057,50053,10052,00051,30050,60050,20049,20048,20047,3000000000000
   Common Stock
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
1,500
0
0
0
1,400
1,351
1,458
1,461
1,451
1,445
1,430
1,584
1,584
1,599
1,930
2,039
2,040
2,188
2,191
2,311
2,314
2,317
2,310
2,320
2,322
2,312
2,302
2,313
2,302
2,305
2,282
2,292
2,305
2,289
2,286
2,269
2,250
2,247
2,258
2,266
2,647
2,632
2,633
2,648
2,653
3,187
3,191
3,194
3,197
3,206
3,211
3,567
3,567
3,570
3,570
3,578
3,580
3,584
3,587
3,598
3,600
3,603
4,490
4,502
4,507
4,509
4,709
4,723
4,728
4,734
5,083
5,094
5,097
5,100
5,114
5,131
5,394
6,143
6,145
6,155
6,160
6,163
6,169
6,179
6,182
6,918
6,921
6,719
6,724
6,736
6,740
6,744
6,747
6,689
6,676
6,678
7,383
7,393
7,396
7,407
7,412
7,425
7,428
7,321
7,256
7,265
7,247
7,226
7,2267,2477,2657,2567,3217,4287,4257,4127,4077,3967,3937,3836,6786,6766,6896,7476,7446,7406,7366,7246,7196,9216,9186,1826,1796,1696,1636,1606,1556,1456,1435,3945,1315,1145,1005,0975,0945,0834,7344,7284,7234,7094,5094,5074,5024,4903,6033,6003,5983,5873,5843,5803,5783,5703,5703,5673,5673,2113,2063,1973,1943,1913,1872,6532,6482,6332,6322,6472,2662,2582,2472,2502,2692,2862,2892,3052,2922,2822,3052,3022,3132,3022,3122,3222,3202,3102,3172,3142,3112,1912,1882,0402,0391,9301,5991,5841,5841,4301,4451,4511,4611,4581,3511,4000001,50000000000000000000000000000000000000000000000000
   Retained Earnings Total Equity
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
0
0
0
0
0
0
169,313
162,669
162,669
168,717
168,717
181,664
188,863
198,094
206,397
216,530
225,034
233,546
242,935
254,735
266,980
280,187
292,403
305,526
319,298
332,162
342,133
355,317
369,568
384,868
400,981
417,983
434,309
449,759
465,231
493,624
522,362
552,551
583,336
611,220
639,362
663,173
696,520
716,518
735,439
757,550
788,578
755,877
795,666
832,728
864,839
897,818
917,311
961,542
1,012,774
1,057,298
1,097,399
0
0
0
0
0
0
0
00000001,097,3991,057,2981,012,774961,542917,311897,818864,839832,728795,666755,877788,578757,550735,439716,518696,520663,173639,362611,220583,336552,551522,362493,624465,231449,759434,309417,983400,981384,868369,568355,317342,133332,162319,298305,526292,403280,187266,980254,735242,935233,546225,034216,530206,397198,094188,863181,664168,717168,717162,669162,669169,3130000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
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
-1,600
-1,700
-2,500
-1,400
100
300
1,200
200
-200
200
1,000
0
800
1,400
1,500
1,400
1,400
0
2,200
0
0
0
-4,200
-5,046
-5,969
-3,012
0
1,483
1,545
3,473
0
1,305
4,118
6,364
4,476
4,078
5,956
1,521
2,245
4,380
-2,112
2,345
-40
-3,822
-2,453
-3,346
-9,305
-9,916
-12,357
-8,244
-9,405
-8,789
-11,683
-7,779
-2,865
2,126
-4,308
-2,680
-15,664
-15,988
-18,480
-9,241
-8,826
-8,289
-2,926
1,329
-10,157
-6,914
-5,833
-5,833
600
600
-3,602
-3,325
-3,307
-2,021
-5,499
-6,748
-15,179
-16,198
-6,410
-1,016
4,210
4,150
-1,630
-1,915
-6,490
-3,614
-1,362
2,066
7,035
3,924
-13,581
-3,722
1,384
-6,358
-2,908
-21,725
-24,868
-35,409
-21,422
-1,595
14,602
25,648
27,874
53,656
63,845
65,468
74,836
35,810
60,080
39,889
55,113
-84,392
-198,556
-314,089
-239,151
-198,914
-217,964
-307,270
-175,970
-198,029
-211,979
-151,825
-188,685
-190,311
-190,311-188,685-151,825-211,979-198,029-175,970-307,270-217,964-198,914-239,151-314,089-198,556-84,39255,11339,88960,08035,81074,83665,46863,84553,65627,87425,64814,602-1,595-21,422-35,409-24,868-21,725-2,908-6,3581,384-3,722-13,5813,9247,0352,066-1,362-3,614-6,490-1,915-1,6304,1504,210-1,016-6,410-16,198-15,179-6,748-5,499-2,021-3,307-3,325-3,602600600-5,833-5,833-6,914-10,1571,329-2,926-8,289-8,826-9,241-18,480-15,988-15,664-2,680-4,3082,126-2,865-7,779-11,683-8,789-9,405-8,244-12,357-9,916-9,305-3,346-2,453-3,822-402,345-2,1124,3802,2451,5215,9564,0784,4766,3644,1181,30503,4731,5451,4830-3,012-5,969-5,046-4,2000002,20001,4001,4001,5001,40080001,000200-2002001,200300100-1,400-2,500-1,700-1,60000000000000000000000000000000
   Capital Surplus 
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
0
0
0
0
0
0
233,544
254,801
254,801
254,874
254,874
255,116
255,632
256,290
256,843
256,966
257,626
258,350
393,783
393,765
394,774
395,582
431,220
431,199
432,294
433,577
504,530
504,661
505,725
506,848
509,018
509,953
593,904
833,451
834,870
834,894
836,549
837,996
840,052
839,919
841,365
1,053,148
1,054,997
1,000,942
1,002,962
1,003,777
1,005,366
1,007,300
1,009,182
988,659
985,818
987,404
1,226,378
1,226,695
1,228,626
1,231,532
1,233,593
0
0
0
0
0
0
0
00000001,233,5931,231,5321,228,6261,226,6951,226,378987,404985,818988,6591,009,1821,007,3001,005,3661,003,7771,002,9621,000,9421,054,9971,053,148841,365839,919840,052837,996836,549834,894834,870833,451593,904509,953509,018506,848505,725504,661504,530433,577432,294431,199431,220395,582394,774393,765393,783258,350257,626256,966256,843256,290255,632255,116254,874254,874254,801254,801233,5440000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
15,300
15,200
15,300
15,200
14,700
14,600
14,200
14,200
17,500
17,600
17,700
17,700
18,100
18,100
18,200
18,400
18,700
17,500
16,800
17,300
17,500
16,600
16,800
16,600
16,600
16,500
16,700
16,700
20,100
23,700
24,000
24,200
24,700
25,100
25,300
25,500
28,600
31,300
27,600
31,600
30,800
25,500
22,419
43,224
43,332
0
40,487
37,658
50,817
0
53,338
114,160
116,204
116,503
143,615
148,406
149,810
150,310
150,679
149,194
148,993
150,862
148,347
146,057
148,004
145,682
146,374
142,037
143,688
146,460
143,672
143,317
140,642
137,801
137,633
140,258
141,777
202,299
203,889
316,412
205,759
206,600
230,764
231,372
231,979
232,503
233,032
233,544
600
254,801
-3,602
254,874
255,116
255,632
256,290
256,843
256,966
257,626
258,350
393,783
393,765
394,774
395,582
431,220
431,199
432,294
433,577
504,530
504,661
505,725
506,848
509,018
509,953
593,904
833,451
834,870
834,894
836,549
837,996
840,052
839,919
841,365
1,053,148
1,054,997
1,000,942
1,002,962
1,003,777
1,005,366
1,007,300
1,009,182
988,659
985,818
987,404
1,226,378
1,226,695
1,228,626
1,231,532
1,233,593
1,234,402
1,236,506
1,208,447
1,191,193
1,192,683
1,188,768
1,183,263
1,183,2631,188,7681,192,6831,191,1931,208,4471,236,5061,234,4021,233,5931,231,5321,228,6261,226,6951,226,378987,404985,818988,6591,009,1821,007,3001,005,3661,003,7771,002,9621,000,9421,054,9971,053,148841,365839,919840,052837,996836,549834,894834,870833,451593,904509,953509,018506,848505,725504,661504,530433,577432,294431,199431,220395,582394,774393,765393,783258,350257,626256,966256,843256,290255,632255,116254,874-3,602254,801600233,544233,032232,503231,979231,372230,764206,600205,759316,412203,889202,299141,777140,258137,633137,801140,642143,317143,672146,460143,688142,037146,374145,682148,004146,057148,347150,862148,993149,194150,679150,310149,810148,406143,615116,503116,204114,16053,338050,81737,65840,487043,33243,22422,41925,50030,80031,60027,60031,30028,60025,50025,30025,10024,70024,20024,00023,70020,10016,70016,70016,50016,60016,60016,80016,60017,50017,30016,80017,50018,70018,40018,20018,10018,10017,70017,70017,60017,50014,20014,20014,60014,70015,20015,30015,20015,3000000000000



5.3. Balance Sheets

Currency in USD. All numbers in thousands.




5.4. Cash Flows

Currency in USD. All numbers in thousands.




5.5. Income Statements

Currency in USD. All numbers in thousands.


5.6. Latest Income Statement

Income Statement (annual), 2024-12-31. Currency in USD. All numbers in thousands.

Gross Profit (+$)
totalRevenue1,053,603
Cost of Revenue-462,592
Gross Profit591,011591,011
 
Operating Income (+$)
Gross Profit591,011
Operating Expense-359,283
Operating Income231,728231,728
 
Operating Expense (+$)
Research Development0
Selling General Administrative236,196
Selling And Marketing Expenses7,389
Operating Expense359,283243,585
 
Net Interest Income (+$)
Interest Income948,006
Interest Expense-426,892
Other Finance Cost-0
Net Interest Income521,114
 
Pretax Income (+$)
Operating Income231,728
Net Interest Income521,114
Other Non-Operating Income Expenses0
Income Before Tax (EBT)231,728940,617
EBIT - interestExpense = -195,164
231,728
628,294
Interest Expense426,892
Earnings Before Interest and Taxes (EBIT)231,728658,620
Earnings Before Interest and Taxes (EBITDA)258,577
 
After tax Income (+$)
Income Before Tax231,728
Tax Provision-30,326
Net Income From Continuing Ops201,402201,402
Net Income201,402
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses821,875
Total Other Income/Expenses Net-708,889-521,114
 

Technical Analysis of First Merchants Corporation
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of First Merchants Corporation. The general trend of First Merchants Corporation is BULLISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine First Merchants Corporation's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (14.3%) Bearish trend (-14.3%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. First Merchants Corporation Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Supportย is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistanceย is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of First Merchants Corporation.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 40.67 < 43.53 < 44.63.

The bearish price targets are: 38.82 > 38.79 > 36.46.

Know someone who trades $FRME? Share this with them.๐Ÿ‘‡

First Merchants Corporation Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows theย moving averageย of the selected period.

  • Moving averages are laggingย trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of First Merchants Corporation. The current mas is .

The long score for the Moving Averages is 8/14.
The longshort score for the Moving Averages is 2/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

First Merchants Corporation Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows theย momentumย of theย selected period based on two moving averages.

  • MACD is aย lagging momentumย indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of First Merchants Corporation. The current macd is 1.06194987.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the First Merchants Corporation price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for First Merchants Corporation. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the First Merchants Corporation price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
First Merchants Corporation Daily Moving Average Convergence/Divergence (MACD) ChartFirst Merchants Corporation Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of First Merchants Corporation. The current adx is 13.52.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell First Merchants Corporation shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
First Merchants Corporation Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Showsย the current trend.
  • Showsย potential entry signals.
  • Showsย ย potential exit signals.
  • Can be used to placeย trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of First Merchants Corporation. The current sar is 39.21.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
First Merchants Corporation Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentumย indicator, meaning the signals are instant.
  • Rangesย between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of First Merchants Corporation. The current rsi is 65.71. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
First Merchants Corporation Daily Relative Strength Index (RSI) ChartFirst Merchants Corporation Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Comparesย a certain price to multiple prices ranging over time.

  • Leadingย momentumย indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Rangesย between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of First Merchants Corporation. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the First Merchants Corporation price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
First Merchants Corporation Daily Stochastic Oscillator ChartFirst Merchants Corporation Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,ย the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of First Merchants Corporation. The current cci is 92.89.

First Merchants Corporation Daily Commodity Channel Index (CCI) ChartFirst Merchants Corporation Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of First Merchants Corporation. The current cmo is 36.45.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
First Merchants Corporation Daily Chande Momentum Oscillator (CMO) ChartFirst Merchants Corporation Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

ย Shows the current price relative to the highest high over the last 14 days.
ย 

  • Lagging momentum indicator
  • Ranging between 0 andย -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of First Merchants Corporation. The current willr is -12.01848998.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
First Merchants Corporation Daily Williams %R ChartFirst Merchants Corporation Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversoldย 

Score

Let's take a look at the Bollinger Bands of First Merchants Corporation.

First Merchants Corporation Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of First Merchants Corporation. The current atr is 1.32470701.

First Merchants Corporation Daily Average True Range (ATR) ChartFirst Merchants Corporation Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

ย Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of First Merchants Corporation. The current obv is 3,973,532.

First Merchants Corporation Daily On-Balance Volume (OBV) ChartFirst Merchants Corporation Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of First Merchants Corporation. The current mfi is 73.98.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
First Merchants Corporation Daily Money Flow Index (MFI) ChartFirst Merchants Corporation Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for First Merchants Corporation.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-02-21CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-24WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-26DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-02-28DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-10STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-13STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-17SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-24MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-25CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-31SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-04-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-04STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-04-07MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-04-09RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2025-04-10STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-14STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-15RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2025-04-17SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-04-21STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-23DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-24DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-25STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-29STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-30STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-01STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-02CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-05DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2025-05-06STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-07STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-08WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-05-09STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-12STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-14STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-15STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-20STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-05-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2025-05-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-05-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-06-06STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-10CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-11CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-12STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-06-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-16BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-06-18STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-23DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-24MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-06-26WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-06-27CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-06-30STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-01STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-07-07RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-08STOCH SHORT EXITThe %K line crosses above the %D line.
2025-07-09MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-07-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2025-07-11RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside

6.3. Candlestick Patterns

First Merchants Corporation Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of First Merchants Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5065.708
Ma 20Greater thanMa 5038.392
Ma 50Greater thanMa 10037.991
Ma 100Greater thanMa 20038.595
OpenGreater thanClose41.110
Total3/5 (60.0%)
Penke
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