First Merchants Corporation (FRME)

NASDAQ: FRME · IEX Real-Time Price · USD
33.66
-0.47 (-1.38%)
Feb 26, 2024, 4:00 PM EST - Market closed
-1.38%
Market Cap 2.00B
Revenue (ttm) 665.60M
Net Income (ttm) 250.19M
Shares Out 59.42M
EPS (ttm) 4.22
PE Ratio 7.98
Forward PE 9.71
Dividend $1.36 (4.04%)
Ex-Dividend Date Feb 29, 2024
Volume 246,690
Open 33.94
Previous Close 34.13
Day's Range 33.41 - 34.33
52-Week Range 24.52 - 41.71
Beta 1.11
Analysts Buy
Price Target 36.67 (+8.94%)
Earnings Date Apr 23, 2024

About FRME

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

Sector Financials
Founded 1893
Employees 2,124
Stock Exchange NASDAQ
Ticker Symbol FRME
Full Company Profile

Financial Performance

In 2022, FRME's revenue was $611.39 million, an increase of 17.57% compared to the previous year's $520.00 million. Earnings were $220.68 million, an increase of 7.37%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for FRME stock is "Buy." The 12-month stock price forecast is $36.67, which is an increase of 8.94% from the latest price.

Price Target
$36.67
(8.94% upside)
Analyst Consensus: Buy
Stock Forecasts

News

First Merchants Corporation Announces Cash Dividend

MUNCIE, Ind., Feb. 07, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on February 6, 2024 of $0.34 per share. The dividend is payable on March 15, 2024, to shareholders ...

19 days ago - GlobeNewsWire

First Merchants Corporation Announces Fourth Quarter 2023 Earnings Per Share

MUNCIE, Ind., Jan. 25, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) Fourth Quarter 2023 Highlights: Net income available to common stockholders was $42.0 million and diluted ea...

4 weeks ago - GlobeNewsWire

First Merchants Bank Announces Plans to Expand in Detroit, Bringing Financial Services to Fitzgerald

First Merchants Bank, a leading community bank committed to serving the needs of all, announced plans for its newest branch in the Fitzgerald neighborhood.

5 weeks ago - GlobeNewsWire

First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

MUNCIE, Ind., Jan. 18, 2024 (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, r...

5 weeks ago - GlobeNewsWire

First Merchants Corporation to Report Fourth Quarter 2023 Financial Results, Host Conference Call and Webcast

MUNCIE, Ind., Jan. 04, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report fourth quarter 2023 financial results on January 25, 2024. The Corporation will host a fourth quar...

7 weeks ago - GlobeNewsWire

First Merchants Corporation Announces Third Quarter 2023 Earnings Per Share

MUNCIE, Ind., Oct. 26, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) Third Quarter 2023 Highlights: Net income available to common stockholders was $55.9 million and diluted ear...

4 months ago - GlobeNewsWire

First Merchants Corporation Announces Cash Dividend On Its Preferred Stock

MUNCIE, Ind., Oct. 20, 2023 (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, r...

4 months ago - GlobeNewsWire

First Merchants Corporation to Report Third Quarter 2023 Financial Results, Host Conference Call and Webcast

MUNCIE, Ind., Oct. 05, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report third quarter 2023 financial results on October 26, 2023. The Corporation will host a third quarte...

5 months ago - GlobeNewsWire

Regional banks facing credit losses for commercial real estate: Moody's study

A survey of commercial real estate exposure by U.S. regional banks reveals increasing asset risk and potential credit losses as loans mature over the next 18 months, Moody's Investors Service said.

6 months ago - Market Watch

First Merchants Corporation Announces Second Quarter 2023 Earnings Per Share

First Merchants Corporation (NASDAQ - FRME) Second Quarter 2023 Highlights: Net income available to common stockholders was $60.4 million and diluted earnings per common share totaled $1.02, compared ...

7 months ago - GlobeNewsWire

First Merchants Corporation To Report Second Quarter 2023 Financial Results, Host Conference Call And Webcast

MUNCIE, Ind., July 05, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report second quarter 2023 financial results on July 25, 2023. The Corporation will host a second quarter...

8 months ago - GlobeNewsWire

First Merchants Corporation Announces First Quarter 2023 Earnings Per Share

MUNCIE, Ind., April 25, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) First Quarter 2023 Highlights: Net income available to common stockholders was $63.6 million for the first ...

11 months ago - GlobeNewsWire

First Merchants Corporation To Report First Quarter 2023 Financial Results, Host Conference Call And Webcast

MUNCIE, Ind., April 04, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report first quarter 2023 financial results on April 25, 2023. The Corporation will host a first quarter...

11 months ago - GlobeNewsWire

FIRST MERCHANTS CORPORATION APPOINTS DR. MUNG CHIANG TO ITS BOARDS OF DIRECTORS

MUNCIE, Ind. , Feb. 8, 2023 /PRNewswire/ -- First Merchants Corporation, an $18 billion financial holding company, has appointed Dr. Mung Chiang to the Board of Directors of First Merchants Corporatio...

1 year ago - PRNewsWire

First Merchants Corporation Appoints Dr. Mung Chiang to Its Boards of Directors

MUNCIE, Ind., Feb. 08, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation, an $18 billion financial holding company, has appointed Dr. Mung Chiang to the Board of Directors of First Merchants Corpor...

1 year ago - GlobeNewsWire

First Merchants Corporation Announces Record Fourth Quarter and Full Year 2022 Results

MUNCIE, Ind., Jan. 26, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME)

1 year ago - GlobeNewsWire

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

MUNCIE, Ind., Jan. 05, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report fourth quarter 2022 financial results on January 26, 2023. The Corporation will host a fourth quar...

1 year ago - GlobeNewsWire

First Merchants Corporation Announces Third Quarter 2022 Earnings Per Share

MUNCIE, Ind., Oct. 25, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME)

1 year ago - GlobeNewsWire

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

MUNCIE, Ind., Oct. 04, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report third quarter 2022 financial results on October 25, 2022. The Corporation will host a third quarte...

1 year ago - GlobeNewsWire

First Merchants Corporation Announces Second Quarter 2022 Earnings per Share

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

1 year ago - GlobeNewsWire

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

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

1 year ago - GlobeNewsWire

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 Fir...

1 year ago - GlobeNewsWire

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 M...

1 year ago - GlobeNewsWire

First Merchants Corporation Announces First Quarter 2022 Earnings Per Share

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

2 years ago - GlobeNewsWire

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 years ago - GlobeNewsWire