First Merchants Corporation (FRME)
Market Cap | 2.42B |
Revenue (ttm) | 630.09M |
Net Income (ttm) | 205.77M |
Shares Out | 58.59M |
EPS (ttm) | 3.46 |
PE Ratio | 11.95 |
Forward PE | 12.31 |
Dividend | $1.40 (3.38%) |
Ex-Dividend Date | Jun 7, 2024 |
Volume | 315,613 |
Open | 41.13 |
Previous Close | 40.43 |
Day's Range | 39.34 - 42.45 |
52-Week Range | 25.70 - 42.45 |
Beta | 1.05 |
Analysts | Buy |
Price Target | 42.50 (+2.78%) |
Earnings Date | Jul 25, 2024 |
About FRME
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also provides 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, Ohi... [Read more]
Financial Performance
In 2023, FRME's revenue was $647.50 million, an increase of 5.91% compared to the previous year's $611.39 million. Earnings were $221.91 million, an increase of 0.56%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for FRME stock is "Buy." The 12-month stock price forecast is $42.5, which is an increase of 2.78% from the latest price.
News
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First Merchants Corporation Announces Second Quarter 2024 Earnings Per Share
MUNCIE, Ind., July 25, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) Second Quarter 2024 Highlights: Net income available to common stockholders was $39.5 million and diluted ea...
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First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
MUNCIE, Ind., July 15, 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...
![](https://cdn.snapi.dev/images/v1/h/j/conf7-2508589.jpg)
First Merchants Corporation to Report Second Quarter 2024 Financial Results, Host Conference Call and Webcast
MUNCIE, Ind., July 03, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report second quarter 2024 financial results on July 25, 2024. The Corporation will host a second quarter...
![](https://cdn.snapi.dev/images/v1/a/l/im-883533size1777777777777778w-2473707.jpg)
Wells Fargo exec sees the most loan stress in older office buildings
A Wells Fargo & Co. executive said Tuesday the bank is seeing loan stress in older office buildings as the financial world grapples with lower real-estate values for working space as employees continu...
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Moody's Reviewing Six Regional Banks for Possible Downgrades
Shares of six regional banks declined Friday, a day after Moody's placed them on a long-term ratings review for possible downgrades because of their substantial exposure to potentially risky real esta...
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Moody's puts several U.S. regional banks on downgrade review over commercial real-estate concerns
Moody's Ratings has placed the long-term debt ratings of Old National Bancorp. and several other U.S. regional banks on review for downgrade amid concerns over commercial real-estate exposure.
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First Merchants Corporation Announces Retirement of Board Chair Charles E. Schalliol and Appointment of New Board Chair Jean L.
MUNCIE, Ind., May 08, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation announced that Jean L. Wojtowicz has been appointed as First Merchants Corporation and First Merchants Bank Chair of the Boar...
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First Merchants Corporation Announces Cash Dividend
MUNCIE, Ind., May 08, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on May 7, 2024 of $0.35 per share. The dividend is payable on June 21, 2024, to shareholders of reco...
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First Merchants Corporation Announces First Quarter 2024 Earnings Per Share
MUNCIE, Ind., April 25, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) First Quarter 2024 Highlights: Net income available to common stockholders was $47.5 million and diluted ea...
![](https://cdn.snapi.dev/images/v1/p/l/conf14-2356635.jpg)
First Merchants Corporation to Report First Quarter 2024 Financial Results, Host Conference Call and Webcast
MUNCIE, Ind., April 04, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report first quarter 2024 financial results on April 25, 2024. The Corporation will host a first quarter...
![](https://cdn.snapi.dev/images/v1/b/p/press17-2244226.jpg)
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...
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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.
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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...
![](https://cdn.snapi.dev/images/v1/v/g/press7-2122454.jpg)
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...
![](https://cdn.snapi.dev/images/v1/u/e/press19-2113813.jpg)
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...
![](https://cdn.snapi.dev/images/v1/x/i/conf7-2091550.jpg)
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...
![](https://cdn.snapi.dev/images/v1/i/m/im-847561size1777777777777778width800-2052242.jpg)
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.
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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 ...
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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...
![](https://cdn.snapi.dev/images/v1/w/u/press8-1851888.jpg)
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 ...
![](https://cdn.snapi.dev/images/v1/q/a/conf16-1825166.jpg)
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...
![](https://cdn.snapi.dev/images/v1/p/r/press19-1744423.jpg)
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...
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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...
![](https://cdn.snapi.dev/images/v1/o/d/press17-1724290.jpg)
First Merchants Corporation Announces Record Fourth Quarter and Full Year 2022 Results
MUNCIE, Ind., Jan. 26, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME)
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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...