First Merchants is a financial holding company. Through its subsidiary, First Merchants Bank (the Bank), Co. provides a range of financial services, including accepting time, savings and demand deposits; making consumer, commercial, agri-business, public finance and real estate mortgage loans; providing personal and corporate trust services; providing brokerage and private wealth management; and providing letters of credit, repurchase agreements and other corporate services. The Bank generates commercial, mortgage, and consumer loans and receives deposits from customers located primarily in central and northern Indiana, northeast Illinois, central Ohio and southeast Michigan counties. We show 56 historical shares outstanding datapoints in our FRME shares outstanding history coverage, used to compute FRME market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FRME market cap history over the course of time is important for investors
interested in comparing FRME's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of FRME versus a peer is one thing; comparing
FRME market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like FRME can fluctuate over the course of history.
With this page we aim to empower investors researching FRME by allowing them to research the FRME market cap history. |
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Video: The Importance of Market Cap
