First Merchants Corporation (FRME)
| 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]
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 StatementsAnalyst 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.
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.
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.
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...
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...
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...
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...
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...
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...
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...
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...
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...
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.
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...
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...
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 ...
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...
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...
First Merchants Corporation (FRME) Q4 2023 Earnings Call Transcript
First Merchants Corporation (FRME) Q4 2023 Earnings Call Transcript
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...
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.
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...
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...
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...
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...
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...