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First Merchants Corporation (FRME)

NASDAQ: FRME · Delayed Price · USD
38.99 -0.04 (-0.10%)
Sep 17, 2021 4:00 PM EDT - Market closed
Market Cap2.11B
Revenue (ttm)491.52M
Net Income (ttm)186.37M
Shares Out54.18M
EPS (ttm)3.44
PE Ratio11.33
Forward PE11.35
Dividend$1.07 (2.74%)
Ex-Dividend DateSep 2, 2021
Volume1,010,637
Open39.12
Previous Close39.03
Day's Range38.62 - 40.05
52-Week Range20.94 - 49.98
Beta1.31
AnalystsBuy
Price Target48.33 (+24.0%)
Est. Earnings DateOct 27, 2021

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. 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 124 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its ...

IndustryBanks
Founded1893
CEOMichael Rechin
Employees1,907
Stock ExchangeNASDAQ
Ticker SymbolFRME
Full Company Profile

Financial Performance

In 2020, FRME's revenue was $433.38 million, a decrease of -1.63% compared to the previous year's $440.55 million. Earnings were $148.60 million, a decrease of -9.64%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for FRME stock is "Buy." The 12-month stock price forecast is 48.33, which is an increase of 23.95% from the latest price.

Price Target
$48.33
(23.95% upside)
Analyst Consensus: Buy

News

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...

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1 week ago - GuruFocus

First Merchants Corporation Announces Cash Dividend

MUNCIE, Ind., Aug. 11, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on August 10, 2021 of $0.29 per share. The dividend is payable on September 17, 2021, ...

1 month ago - GlobeNewsWire

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?

1 month ago - Zacks Investment Research

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...

1 month ago - Benzinga

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...

1 month ago - GlobeNewsWire

Earnings Preview: First Merchants

First Merchants (NASDAQ:FRME) announces its next round of earnings this Monday, July 26. Here is Benzinga's everything-that-matters guide for this Monday's Q2 earnings announcement.

1 month ago - Benzinga

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.

2 months ago - Zacks Investment Research

Down 10% in 4 Weeks, Here's Why First Merchants (FRME) Looks Ripe for a Turnaround

The heavy selling pressure might have exhausted for First Merchants (FRME) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analy...

2 months ago - Zacks Investment Research

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

MUNCIE, Ind., July 02, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report second quarter 2021 financial results on July 26, 2021. The Corporation will host a second quarter 2...

2 months ago - GlobeNewsWire

First Merchants Corporation Announces Cash Dividend

MUNCIE, Ind., May 11, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on May 11, 2021 of $0.29 per share. The dividend is payable on June 18, 2021, to shareh...

4 months ago - GlobeNewsWire

First Merchants (FRME) Tops Q1 Earnings Estimates

First Merchants (FRME) delivered earnings and revenue surprises of 16.67% and -1.85%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Recap: First Merchants Q1 Earnings

Shares of First Merchants (NASDAQ:FRME) were unchanged after the company reported Q1 results. Quarterly Results Earnings per share were up 46.77% year over year to $0.91, which beat the estimate of $0.76.

4 months ago - Benzinga

First Merchants Corporation Announces First Quarter 2021 Earnings per Share

MUNCIE, Ind., April 22, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) has reported first quarter 2021 net income of $49.5 million compared to $34.3 million during the same period ...

4 months ago - GlobeNewsWire

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fi...

New York, New York--(Newsfile Corp. - April 2, 2021) - Levi & Korsinsky announces it has commenced an investigation of First Merchants Corporation (NASDAQ: FRME) concerning possible breaches of fiduciar...

5 months ago - Newsfile Corp

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

MUNCIE, Ind., April 01, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report first quarter 2021 financial results on April 22, 2021. The Corporation will host a first quarter 2...

5 months ago - GlobeNewsWire

First Merchants Corporation Elects Susan Brooks, Mark Hardwick to Its Board of Directors

MUNCIE, Ind., Feb. 11, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation, a $14.1 billion financial holding company, has elected Susan Brooks and Mark Hardwick to the Board of Directors of First Merc...

7 months ago - GlobeNewsWire

First Merchants Corporation (FRME) CEO Mark Hardwick on Q4 2020 Results - Earnings Call Transcript

First Merchants Corporation (FRME) CEO Mark Hardwick on Q4 2020 Results - Earnings Call Transcript

7 months ago - Seeking Alpha

First Merchants (FRME) Q4 Earnings and Revenues Beat Estimates

First Merchants (FRME) delivered earnings and revenue surprises of 23.88% and 8.21%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

First Merchants' (FRME) Shares March Higher, Can It Continue?

As of late, it has definitely been a great time to be an investor in First Merchants Corporation (FRME).

8 months ago - Zacks Investment Research

First Merchants Corporation to Report Fourth Quarter 2020 Financial Results, Host Conference Call and Webcast

MUNCIE, Ind., Jan. 07, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report fourth quarter 2020 financial results on January 28, 2021. The Corporation will host a fourth quarte...

8 months ago - GlobeNewsWire

3 Undervalued Stocks Offering 20%+ Potential Returns

With the major U.S. stock market indexes all at or near all-time highs, finding bargains in the market is difficult. However, there are some stocks still trading below their intrinsic values that pay a ...

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9 months ago - GuruFocus

First Merchants to acquire Hoosier Trust Company

Indianapolis-based trust and investment management firm holds $300 million in assets Indianapolis-based trust and investment management firm holds $300 million in assets

10 months ago - GlobeNewsWire

First Merchants' (FRME) CEO Mike Rechin on Q3 2020 Results - Earnings Call Transcript

First Merchants' (FRME) CEO Mike Rechin on Q3 2020 Results - Earnings Call Transcript

10 months ago - Seeking Alpha

First Merchants (FRME) Tops Q3 Earnings and Revenue Estimates

First Merchants (FRME) delivered earnings and revenue surprises of 4.69% and 0.49%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

10 months ago - Zacks Investment Research

First Merchants Corporation Announces Third Quarter 2020 Earnings per Share

MUNCIE, Ind., Oct. 28, 2020 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) has reported third quarter 2020 net income of $36.2 million compared to $36.8 million during the same period i...

10 months ago - GlobeNewsWire