First Merchants vs Park National
FRME and PRK side by side, both in commercial banks. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How FRME and PRK compare
Park National is the larger company, worth 1.2 times as much as First Merchants ($3.2B against $2.6B).
On earnings, First Merchants is cheaper: it trades at 12.7× trailing earnings, against 15.5× for Park National.
Park National grew revenue faster over the last twelve months (17.9% versus 8.5% for First Merchants).
First Merchants keeps more of each dollar of sales as profit, with a net margin of 27.3% compared with 25.7% at Park National.
Both pay dividends: First Merchants yields 3.6% and Park National 3.2%.
Park National scores higher on the StockData Score (12 against 11 for First Merchants), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | FRME | PRK |
|---|---|---|
| Size and price | ||
| Market cap | $2.6B | $3.2B |
| Share price | $40.90 | $176.51 |
| Change, 1 year | 14.0% | 13.3% |
| Change, 5 years | −1.7% | 26.1% |
| Beta (5Y) | 0.68 | 0.61 |
| Employees | 2,086 | 1,731 |
| StockData Score | ||
| Total score | 11 | 12 (better) |
| Valuation score | 3 (better) | 0 |
| Growth score | 0 | 2 (better) |
| Performance score | 1 | 3 (better) |
| Health score | 4 | 5 (better) |
| Dividend score | 3 (better) | 2 |
| Valuation | ||
| P/E | 12.7× (better) | 15.5× |
| P/S | 3.5× (better) | 4.1× |
| P/B | 1.0× (better) | 1.9× |
| P/FCF | – | 16.6× |
| PEG | 20.80 | 2.20 (better) |
| FCF yield | – | 6.0% |
| Fair value | $41.97 | $139.19 |
| Margin of safety | 2.5% (better) | −26.8% |
| Growth | ||
| Revenue growth (TTM) | 8.5% | 17.9% (better) |
| Revenue growth, 5Y average | 6.1% | 7.9% (better) |
| Net income growth (TTM) | −15.3% | 13.6% (better) |
| EPS growth (TTM) | −19.3% | 4.8% (better) |
| EPS growth, 5Y average | 7.2% | 7.3% (better) |
| Profitability | ||
| Net margin | 27.3% (better) | 25.7% |
| FCF margin | – | 24.6% |
| Return on equity | 7.8% | 11.7% (better) |
| Financial health | ||
| Debt / equity | – | 0.08 |
| Altman Z-score | 0.22 | 0.37 (better) |
| Piotroski F-score | 7 | 7 |
| Dividends and buybacks | ||
| Dividend yield | 3.6% (better) | 3.2% |
| Payout ratio | 45.6% | – |
| Years of dividend growth | 14 (better) | 2 |
| Dividend growth, 5Y average | 6.6% (better) | 5.3% |
| Buyback yield | 2.4% | – |
| Shareholder yield | 5.9% (better) | 3.2% |
| Ownership | ||
| Held by institutions | 74.5% | 53.6% |
| Held by insiders | 2.2% | 2.7% |
| Insider net buying, 12 months | −$1.7M | – |
| Short interest, % of float | – | 4.4% |
Go deeper
- FRME stock overview
- FRME income statement
- FRME valuation and score
- PRK stock overview
- PRK income statement
- PRK valuation and score
For information only, not investment advice. Check the source filings before relying on any figure.