First Merchants

First Merchants Corp. (Indiana) is a bank holding company, which engages in the provision of financial services. It also offers personal banking, business banking, mortgage lending, treasury management services, and wealth management. The company was founded in September 1982 and is headquartered in Muncie, IN.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

First Merchants (FRME) reports robust Q4 performance and growth strategies

First Merchants (FRME) delivered a strong Q4 2022 performance with robust loan growth and solid financial results, underpinned by a well-hedged balance sheet and strong core deposit base.
While facing challenges in managing business dynamics and transitioning non-interest income models, the company is poised to capitalize on opportunities like margin growth and enhanced digital offerings.
By focusing on internal enhancements, talent, and technology investments, First Merchants aims to sustain its performance and drive growth in 2023 amidst a changing financial landscape.

First Merchants (FRME) reports robust Q1 earnings and eyes strategic growth opportunities

First Merchants (FRME) delivered a strong Q1 performance with notable increases in earnings per share, net income, and key financial metrics. While facing challenges in managing deposit mix changes and potential seasonality, the company is strategically positioned for organic growth and potential M&A activities in the future.

First Merchants (FRME) reports robust Q2 earnings amidst margin challenges

First Merchants (FRME) delivered strong financial performance in Q2 2023, with notable improvements in earnings per share and key financial metrics.
While facing challenges with potential net interest margin compression, the company remains focused on strategic initiatives to sustain growth and profitability.
Opportunities in optimizing funding strategies and managing deposit trends position First Merchants (FRME) for continued success in a dynamic financial landscape.

First Merchants reports solid Q3 performance amidst margin challenges

First Merchants' Q3 performance reflected a decline in EPS but strong loan growth and solid returns on equity and assets.
The company's focus on organic growth, fee income, and technology investments underpins its commitment to sustainable expansion.
While facing margin pressures and challenges in commercial real estate renewals, First Merchants remains optimistic about future loan growth.
Maintaining a strong capital position and efficient operations position the company well to capitalize on growth opportunities in the market.

First Merchants (FRME) reports strong Q4 earnings and strategic growth focus

First Merchants (FRME) delivered a strong performance in Q4 2023, with robust financial results and efficient asset utilization. The company's focus on strategic growth opportunities and customer relationships underpins its resilience amidst industry challenges.
While challenges such as deposit repricing and potential loan growth provisions exist, First Merchants' proactive approach and strong financial position position it well for the future. Monitoring key financial metrics and risk factors will be crucial for sustained success.
Opportunities lie in capitalizing on the company's strengths, exploring growth avenues, and optimizing operational efficiency. First Merchants' ability to navigate challenges and leverage opportunities can drive sustainable growth and shareholder value.

First Merchants reports solid Q1 earnings, eyes growth opportunities

First Merchants Corporation delivered a solid performance in Q1 2024, with strong profitability metrics and a focus on organic growth.
Despite challenges such as a slight decline in loan portfolio yield, the company's prudent capital management and optimism for growth position it well for the future.
Opportunities lie in ongoing loan growth trends, stable margin outlook, and strategic initiatives to enhance operational efficiency and profitability.

First Merchants reports robust Q2 performance amid growth opportunities

First Merchants Corporation delivered a solid performance in Q2 2024, showcasing financial strength and operational resilience amidst challenges.
The company's focus on loan growth, fee income generation, and strategic initiatives positions it well to capitalize on growth opportunities in the market.
While facing challenges such as provision expenses and margin stability concerns, First Merchants remains poised to navigate these obstacles and leverage opportunities for future success.

First Merchants reports resilient Q3 performance amidst growth strategies

First Merchants delivered a solid financial performance in Q3 2024, showcasing resilience and operational efficiency.
The company's focus on organic growth, technology enhancements, and core banking operations positions it well for future revenue generation.
While facing challenges in certain portfolio segments, First Merchants has opportunities to optimize its operations, explore strategic initiatives, and drive sustainable growth.
By addressing challenges, leveraging strengths, and capitalizing on opportunities, First Merchants can navigate market dynamics and enhance shareholder value.

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First Merchants Corporation (NASDAQ:FRME ) Q3 2024 Earnings Conference Call October 24, 2024 11:30 AM ET Company Participants Mark Hardwick - Chief Executive Officer Michael Stewart - President Michele Kawiecki - Chief Financial Officer John Martin - Chief Credit Officer Conference Call Participants Terry McEvoy - Stephens Nathan Race - Piper Sandler Damon DelMonte - KBW Daniel Tamayo - Raymond James Brendan Nosal - Hovde Group Brian Martin - Janney Operator Welcome to the First Merchants Corporation Third Quarter 2024 Earnings Conference Call. Before we begin, management would like to remind you that today's call contains forward looking statements with respect to the future performance and financial condition of First Merchants Corporation that involves risks and uncertainties.

First Merchants Corporation (FRME) Q3 2024 Earnings Call Transcript

The headline numbers for First Merchants (FRME) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

First Merchants (FRME) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

First Merchants (FRME) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.94 per share a year ago.

First Merchants (FRME) Tops Q3 Earnings Estimates

MUNCIE, Ind., Oct. 24, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) Third Quarter 2024 Highlights: Net income available to common stockholders was $48.7 million and diluted earnings per common share totaled $0.84, compared to $55.9 million and $0.94 in the third quarter of 2023, and $39.5 million and $0.68 in the second quarter of 2024.

First Merchants Corporation Announces Third Quarter 2024 Earnings per Share

MUNCIE, Ind., Oct. 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, represented by depositary shares (NASDAQ: FRMEP) each representing a 1/100th interest in a share of the Series A preferred stock. Holders of depositary shares will receive $0.4688 per depositary share. The dividend will be payable on November 15, 2024, to stockholders of record on October 31, 2024.

First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

MUNCIE, Ind., Oct. 03, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report third quarter 2024 financial results on October 24, 2024. The Corporation will host a third quarter 2024 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, October 24, 2024.

First Merchants Corporation to Report Third Quarter 2024 Financial Results, Host Conference Call and Webcast

First Merchants (FRME) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About First Merchants (FRME) Rating Upgrade to Buy

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

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.

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

Old Second Bancorp

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 / Old Second Bancorp, Inc. ("Old Second Bancorp") (NASDAQ:OSBC), the parent company of Old Second National Bank ("Old Second"), and First Merchants Corporation ("First Merchants Corp.") (NASDAQ:FRME), the parent company of First Merchants Bank ("First Merchants"), jointly announced today that Old Second and First Merchants have entered into a Purchase and Assumption Agreement where Old Second will purchase 5 Illinois branch locations in the Southeast Chicago MSA as well as certain branch related loans and deposits from First Merchants. The acquisition enhances Old Second's position as one of the largest banks headquartered in the Chicagoland area, and adds meaningfully to its existing branch network and in the Southeast Chicago market, allowing for improved scale and penetration.

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

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 shareholders of record as of September 6, 2024. For purposes of broker trading, the ex-date of the cash dividend is September 5, 2024.

First Merchants Corporation Announces Cash Dividend

The average of price targets set by Wall Street analysts indicates a potential upside of 30.1% in First Merchants (FRME). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 30.09% Upside in First Merchants (FRME): Here's What You Should Know

Does First Merchants (FRME) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes First Merchants (FRME) a Strong Momentum Stock: Buy Now?

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 Kawiecki – Chief Financial Officer John Martin - Chief Credit Officer Conference Call Participants Daniel Tamayo - Raymond James Damon DelMonte – KBW Terry McEvoy – Stephens Inc. Nathan Race - Piper Sandler Brian Martin - Janney Montgomery Scott Operator Thank you for standing by, and welcome to First Merchants Corporation's Second Quarter 2024 Earnings Conference call. Before we begin, management would like to remind you that today's call contains forward-looking statements with respect to the future performance and financial condition of First Merchants Corporation's that involve risk and uncertainties.

First Merchants Corporation (FRME) Q2 2024 Earnings Call Transcript

First Merchants (FRME) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $1.02 per share a year ago.

First Merchants (FRME) Q2 Earnings Miss Estimates

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 earnings per common share totaled $.68 in the second quarter of 2024, compared to $60.4 million and $1.02 in the second quarter of 2023, and $47.5 million and $.80 in the first quarter of 2024.

First Merchants Corporation Announces Second Quarter 2024 Earnings Per Share

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.

Earnings Preview: First Merchants (FRME) Q2 Earnings Expected to Decline

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 2024 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, July 25, 2024.

First Merchants Corporation to Report Second Quarter 2024 Financial Results, Host Conference Call and Webcast

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 and industrial loans. Despite recent downward pressure on revenue and profits, the institution is undervalued compared to similar firms and has strong asset quality, making it a "buy."

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

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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 estate loans.

Moody's Reviewing Six Regional Banks for Possible Downgrades

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13 Upcoming Dividend Increases Including A King

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 Board of Directors. Effective May 7, 2024, Wojtowicz succeeds Charles E. Schalliol, who retired after serving as Chair for the past seventeen years.

First Merchants Corporation Announces Retirement of Board Chair Charles E. Schalliol and Appointment of New Board Chair Jean L.

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 Martin - Chief Credit Officer Conference Call Participants Damon DelMonte - KBW Nathan Race - Piper Sandler Brian Martin - Janney Montgomery Scott Daniel Tamayo - Raymond James Terry McEvoy - Stephens Operator Thank you for standing by, and welcome to First Merchants Corporation's First Quarter 2024 Earnings Conference call. Before we begin, management would like to remind you that today's call contains forward-looking statements with respect to the future performance and financial condition of First Merchants Corporation's that involve risk and uncertainties.

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