First Merchants Corporation (FRME)

NASDAQ: FRME · IEX Real-Time Price · USD
36.18
-0.23 (-0.63%)
Jun 28, 2022 4:00 PM EDT - Market closed
-0.63%
Market Cap 2.15B
Revenue (ttm) 523.66M
Net Income (ttm) 204.65M
Shares Out 59.46M
EPS (ttm) 3.81
PE Ratio 9.50
Forward PE 9.87
Dividend $1.19 (3.29%)
Ex-Dividend Date Jun 2, 2022
Volume 145,940
Open 36.78
Previous Close 36.41
Day's Range 36.13 - 37.01
52-Week Range 35.58 - 46.12
Beta 1.08
Analysts Buy
Price Target 52.02 (+43.8%)
Earnings Date Jul 25, 2022

About FRME

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. T... [Read more...]

Industry Banks
Founded 1893
CEO Michael Rechin
Employees 1,821
Stock Exchange NASDAQ
Ticker Symbol FRME
Full Company Profile

Financial Performance

In 2021, FRME's revenue was $520.00 million, an increase of 19.99% compared to the previous year's $433.38 million. Earnings were $205.53 million, an increase of 38.31%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for FRME stock is "Buy." The 12-month stock price forecast is 52.02, which is an increase of 43.78% from the latest price.

Price Target
$52.02
(43.78% upside)
Analyst Consensus: Buy
Stock Forecasts

News

First Merchants Corporation Elects Kevin D. Johnson and Jason R.

MUNCIE, Ind., June 23, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation, a $18 billion financial holding company, has elected Kevin D. Johnson and Jason R. Sondhi to the Boards of Directors of First...

First Merchants Corporation Elects Patrick Fehring to Its Board of Directors

MUNCIE, Ind., May 11, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME), a $18 billion financial holding company, has elected Patrick J. Fehring to the Boards of Directors of First Mer...

First Merchants Corporation Announces Cash Dividend

MUNCIE, Ind., May 10, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on May 10, 2022 of $0.32 per share. The dividend is payable on June 17, 2022, to shareh...

First Merchants (FRME) Q1 Earnings Top Estimates

First Merchants (FRME) delivered earnings and revenue surprises of 1.15% and 2.20%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

First Merchants Corporation Announces First Quarter 2022 Earnings Per Share

MUNCIE, Ind., April 26, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME)

First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

MUNCIE, Ind., April 20, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock, Series A , ...

REVISED: First Merchants Corporation to Report First Quarter 2022 Financial Results, Host Conference Call and Webcast

MUNCIE, Ind., April 13, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report first quarter 2022 financial results on April 26, 2022. The Corporation will host a first quarter 2...

First Merchants Corporation to Report First Quarter 2022 Financial Results, Host Conference Call and Webcast

MUNCIE, Ind., April 05, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report first quarter 2022 financial results on April 26, 2022. The Corporation will host a first quarter 2...

First Merchants Corp. Completes Legal Closing of Level One Bancorp Merger

MUNCIE, Ind., April 01, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) and Level One Bancorp, LLC (NASDAQ: LEVL) have finalized a merger of the two companies. Following regulatory a...

First Merchants (FRME) Q4 Earnings and Revenues Lag Estimates

First Merchants (FRME) delivered earnings and revenue surprises of -5.32% and 5.58%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

First Merchants Corporation Announces 2021 Record Results

MUNCIE, Ind., Jan. 27, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) has reported fourth quarter 2021 net income of $47.7 million compared to $45.1 million during the same period ...

First Merchants (FRME) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

First Merchants (FRME) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

LEVEL ONE BANCORP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Ade...

NEW ORLEANS, Jan. 7, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

First Merchants Corporation to Report Fourth Quarter 2021 Financial Results, Host Conference Call and Webcast

MUNCIE, Ind., Jan. 06, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report fourth quarter 2021 financial results on January 27, 2022. The Corporation will host a fourth quarte...

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SHAREHOLDER ALERT: WeissLaw LLP Investigates Level One Bancorp, Inc.

NEW YORK, Nov. 4, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Level One Bancorp, Inc. ("Level One" or ...

First Merchants Bancorp Acquires Level One Bancorp For $323.5M

First Merchants Corporation (NASDAQ: FRME) of Muncie, Indiana, is acquiring Level One Bancorp Inc. (NASDAQ: LEVL) of Farmington Hills, Michigan, in a stock and cash transaction valued at approximately $...

Other symbols: MBIN

First Merchants (FRME) Tops Q3 Earnings and Revenue Estimates

First Merchants (FRME) delivered earnings and revenue surprises of 6.52% and 0.87%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

First Merchants Corporation Announces Third Quarter 2021 Earnings Per Share

MUNCIE, Ind., Oct. 26, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) has reported third quarter 2021 net income of $52.8 million compared to $36.2 million during the same period i...

First Merchants (FRME) Reports Next Week: Wall Street Expects Earnings Growth

First Merchants (FRME) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

First Merchants Corporation to Report Third Quarter 2021 Financial Results, Host Conference Call and Webcast

MUNCIE, Ind., Oct. 06, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report third quarter 2021 financial results on October 26, 2021. The Corporation will host a third quarter ...

A Trio of Low Forward Price-Earnings Ratio Stock Picks

Investors may want to consider the following securities, as their forward price-earnings ratios are lower than the S&P 500's historical average price-earnings ratio of 15. The projections of future earn...

Other symbols: ANFJACK

First Merchants (FRME) Tops Q2 Earnings and Revenue Estimates

First Merchants (FRME) delivered earnings and revenue surprises of 9.57% and 3.04%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Recap: First Merchants Q2 Earnings

Shares of First Merchants (NASDAQ:FRME) moved higher by 0.2% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 66.13% year over year to $1.03, whi...

First Merchants Corporation Announces Second Quarter 2021 Earnings Per Share

MUNCIE, Ind., July 26, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) has reported second quarter 2021 net income of $55.6 million compared to $33 million during the same period in...