First Commonwealth Financial vs First Merchants
FCF and FRME side by side, both in commercial banks. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How FCF and FRME compare
First Merchants is the larger company, worth 1.2 times as much as First Commonwealth Financial ($2.6B against $2.1B).
On earnings, First Commonwealth Financial is cheaper: it trades at 12.4× trailing earnings, against 12.7× for First Merchants.
First Commonwealth Financial grew revenue faster over the last twelve months (9.6% versus 8.5% for First Merchants).
First Commonwealth Financial keeps more of each dollar of sales as profit, with a net margin of 31.0% compared with 27.3% at First Merchants.
Both pay dividends: First Commonwealth Financial yields 2.0% and First Merchants 3.6%.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | FCF | FRME |
|---|---|---|
| Size and price | ||
| Market cap | $2.1B | $2.6B |
| Share price | $21.01 | $41.07 |
| Change, 1 year | 33.4% | 13.4% |
| Change, 5 years | 32.9% | −1.3% |
| Beta (5Y) | 0.70 | 0.68 |
| Employees | 1,522 | 2,086 |
| StockData Score | ||
| Total score | 11 | 11 |
| Valuation score | 0 | 3 (better) |
| Growth score | 1 (better) | 0 |
| Performance score | 3 (better) | 1 |
| Health score | 4 | 4 |
| Dividend score | 3 | 3 |
| Valuation | ||
| P/E | 12.4× (better) | 12.7× |
| P/S | 3.8× | 3.6× (better) |
| P/B | 1.4× | 1.0× (better) |
| PEG | 5.23 (better) | 20.89 |
| Fair value | $18.87 | $42.00 |
| Margin of safety | −11.4% | 2.2% (better) |
| Growth | ||
| Revenue growth (TTM) | 9.6% (better) | 8.5% |
| Revenue growth, 5Y average | 7.6% (better) | 6.1% |
| Net income growth (TTM) | 20.0% (better) | −15.3% |
| EPS growth (TTM) | 22.5% (better) | −19.3% |
| EPS growth, 5Y average | 14.4% (better) | 7.2% |
| Profitability | ||
| Net margin | 31.0% (better) | 27.3% |
| Return on equity | 11.4% (better) | 7.8% |
| Financial health | ||
| Debt / equity | 0.19 | – |
| Altman Z-score | 0.30 (better) | 0.22 |
| Piotroski F-score | 6 | 7 (better) |
| Dividends and buybacks | ||
| Dividend yield | 2.0% | 3.6% (better) |
| Payout ratio | 32.7% | 45.6% |
| Years of dividend growth | 9 | 14 (better) |
| Dividend growth, 5Y average | 4.0% | 6.6% (better) |
| Buyback yield | 7.0% (better) | 2.4% |
| Shareholder yield | 8.9% (better) | 5.9% |
| Ownership | ||
| Held by institutions | 79.1% | 74.5% |
| Held by insiders | 1.8% | 2.2% |
| Insider net buying, 12 months | −$3.3M | −$1.7M (better) |
| Short interest, % of float | 5.2% | – |
Go deeper
- FCF stock overview
- FCF income statement
- FCF valuation and score
- FRME stock overview
- FRME income statement
- FRME valuation and score
For information only, not investment advice. Check the source filings before relying on any figure.