First Merchants Corporation (FRME)

NASDAQ: FRME · Real-Time Price · USD
37.38
+0.08 (0.21%)
Sep 18, 2024, 4:00 PM EDT - Market closed
0.21%
Market Cap 2.19B
Revenue (ttm) 601.34M
Net Income (ttm) 184.84M
Shares Out 58.51M
EPS (ttm) 3.12
PE Ratio 11.98
Forward PE 10.59
Dividend $1.40 (3.75%)
Ex-Dividend Date Sep 6, 2024
Volume 257,384
Open 37.44
Previous Close 37.30
Day's Range 36.86 - 38.81
52-Week Range 25.70 - 42.45
Beta 1.03
Analysts Buy
Price Target 44.50 (+19.05%)
Earnings Date Oct 24, 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]

Sector Financials
Founded 1893
Employees 2,162
Stock Exchange NASDAQ
Ticker Symbol FRME
Full Company Profile

Financial Performance

In 2023, First Merchants'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 Statements

Analyst Forecast

According to 5 analysts, the average rating for FRME stock is "Buy." The 12-month stock price forecast is $44.5, which is an increase of 19.05% from the latest price.

Price Target
$44.5
(19.05% upside)
Analyst Consensus: Buy
Stock Forecasts

News

First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year

The regional economy appears to be conducive to loan growth. Interest rate cuts will most probably hurt the net interest margin. I'm expecting earnings to recover next year after falling in 2024.

1 day ago - Seeking Alpha

First Merchants Earns New Award: TIME Magazine's “America's Best Mid-Sized Company”

MUNCIE, Ind., Sept. 17, 2024 (GLOBE NEWSWIRE) -- First Merchants Bank (NASDAQ: FRME) is one of the select few regional banks to receive the TIME Magazine "America's Best Mid-Sized Companies” award.

1 day ago - GlobeNewsWire

Old Second Bancorp, Inc. and First Merchants Corporation Announce Transaction Involving Chicagoland Branch Operations

Old Second National Bank Acquires 5 Illinois Branches from First Merchants Bank Proposed Acquisition to Add $304 Million in Deposits and $12 million in loans CHICAGO, IL / ACCESSWIRE / August 27, 2024...

Other symbols: OSBC
22 days ago - Accesswire

First Merchants Corporation Announces Cash Dividend

MUNCIE, Ind., Aug. 19, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 16, 2024 of $0.35 per share. The dividend is payable on September 20, 2024, to shareholde...

4 weeks ago - GlobeNewsWire

First Merchants Corporation (FRME) Q2 2024 Earnings Call Transcript

First Merchants Corporation (NASDAQ:FRME) Q2 2024 Earnings Conference Call July 25, 2024 11:30 AM ET Company Participants Mark Hardwick – Chief Executive Officer Michael Stewart – President Michele K...

7 weeks ago - Seeking Alpha

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...

7 weeks ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

First Merchants Corporation: An Attractive Way To Play The Banking Sector

First Merchants Corporation is a regional bank with a long operating history and a market capitalization of $1.85 billion. The bank has shown growth in deposits and loans, with a focus on commercial a...

3 months ago - Seeking Alpha

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...

Other symbols: FNBFULTONBPGCWAFD
3 months ago - Market Watch

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...

Other symbols: FNBFULTONBPGCWAFD
3 months ago - Investopedia

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.

Other symbols: FNBFULTONBPGCWAFD
3 months ago - Market Watch

13 Upcoming Dividend Increases Including A King

PepsiCo announces a 7.1% increase in dividends, extending its 52-year streak of dividend growth. The overall group of companies featured in the article has an average dividend increase of 4.9% and a m...

Other symbols: AVYCWENEQHHLILYBMANMTB
3 months ago - Seeking Alpha

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...

4 months ago - GlobeNewsWire

First Merchants Corporation (FRME) Q1 2024 Earnings Call Transcript

First Merchants Corporation (NASDAQ:FRME) Q1 2024 Earnings Conference Call April 25, 2024 11:30 AM ET Company Participants Mark Hardwick - CEO Michael Stewart - President Michele Kawiecki - CFO John ...

5 months ago - Seeking Alpha

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...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

First Merchants Corporation (FRME) Q4 2023 Earnings Call Transcript

First Merchants Corporation (FRME) Q4 2023 Earnings Call Transcript

8 months ago - Seeking Alpha

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...

8 months 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.

8 months 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...

9 months ago - GlobeNewsWire

First Merchants Corporation (FRME) Q3 2023 Earnings Call Transcript

First Merchants Corporation (NASDAQ:FRME) Q3 2023 Earnings Conference Call October 26, 2023 11:30 AM ET Company Participants Mark Hardwick - Chief Executive Officer Mike Stewart - President Michele K...

11 months ago - Seeking Alpha

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...

11 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...

11 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...

1 year ago - GlobeNewsWire