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 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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While the top- and bottom-line numbers for First Merchants (FRME) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

First Merchants (FRME) Reports Q1 Earnings: What Key Metrics Have to Say

First Merchants (FRME) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $1.07 per share a year ago.

First Merchants (FRME) Beats Q1 Earnings Estimates

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 earnings per common share totaled $0.80 compared to $63.6 million and $1.07 in the first quarter of 2023, and $42.0 million and $0.71 in the fourth quarter of 2023.

First Merchants Corporation Announces First Quarter 2024 Earnings Per Share

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

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

First Merchants Corporation (FRME) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for First Merchants (FRME) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

First Merchants (FRME) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

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 earnings per common share totaled $0.71 compared to $70.3 million and $1.19 in the fourth quarter of 2022, and $55.9 million and $0.94 in the third quarter of 2023.

First Merchants Corporation Announces Fourth Quarter 2023 Earnings Per Share

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 Bank Announces Plans to Expand in Detroit, Bringing Financial Services to Fitzgerald

Besides Wall Street's top -and-bottom-line estimates for First Merchants (FRME), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

Unveiling First Merchants (FRME) Q4 Outlook: Wall Street Estimates for Key Metrics

After losing some value lately, a hammer chart pattern has been formed for First Merchants (FRME), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

First Merchants (FRME) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

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 quarter 2023 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, January 25, 2024.

First Merchants Corporation to Report Fourth Quarter 2023 Financial Results, Host Conference Call and Webcast

First Merchants (FRME) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

First Merchants (FRME) Moves 7.1% Higher: Will This Strength Last?

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 Kawiecki - Chief Financial Officer John Martin - Chief Credit Officer Conference Call Participants Terry McEvoy - Stevens Damon DelMonte - KBW Nathan Race - Piper Sandler Brian Martin - Janney Operator Thank you for standing by. Welcome to the First Merchants Corporation Third Quarter 2023 Earnings Conference Call.

First Merchants Corporation (FRME) Q3 2023 Earnings Call Transcript

First Merchants (FRME) came out with quarterly earnings of $0.94 per share, missing the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.12 per share a year ago.

First Merchants (FRME) Q3 Earnings and Revenues Miss Estimates

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 earnings per common share totaled $0.94, compared to $63.3 million and $1.08 in the third quarter of 2022, and $60.4 million and $1.02 in the second quarter of 2023.

First Merchants Corporation Announces Third Quarter 2023 Earnings Per Share

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, 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, 2023, to stockholders of record on October 31, 2023.

First Merchants Corporation Announces Cash Dividend On Its Preferred Stock

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 quarter 2023 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, October 26, 2023.

First Merchants Corporation to Report Third Quarter 2023 Financial Results, Host Conference Call and Webcast

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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.

Regional banks facing credit losses for commercial real estate: Moody's study

First Merchants' financial performance in the second quarter showed improvement in net interest income and decreased non-interest expenses. The bank's ability to cover preferred dividends is strong, with less than 1% of net profit needed to cover the payments. The preferred shares have a small issue size and low dividend requirements, making a call in 2025 more likely.

First Merchants: Robust Results Make The 7.7% Yielding Preferred Shares Attractive

First Merchants Corporation (NASDAQ:FRME ) Q2 2023 Earnings Conference Call July 25, 2023 11:30 AM ET Company Participants Mark Hardwick - Chief Executive Officer Mike Stewart - President Michele Kawiecki - Chief Financial Officer John Martin - Chief Credit Officer Conference Call Participants Ben Gerlinger - Hovde Group Nathan Race - Piper Sandler Daniel Tamayo - Raymond James Terry McEvoy - Stephens Inc Brian Martin - Janney Damon DelMonte - KBW Operator Good day, and thank you for standing by. Welcome to the First Merchants Corporation Second Quarter 2023 Earnings.

First Merchants Corporation (FRME) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for First Merchants (FRME) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, First Merchants (FRME) Q2 Earnings: A Look at Key Metrics

First Merchants (FRME) came out with quarterly earnings of $1.02 per share, missing the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.01 per share a year ago.

First Merchants (FRME) Lags Q2 Earnings and Revenue Estimates

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 to $38.5 million and $.63 in the second quarter of 2022, and $63.6 million and $1.07 in the first quarter of 2023. Adjusted net income 1 was $60.4 million and adjusted diluted earnings per share 1 totaled $1.02, compared to $60.0 million and $1.01 in the second quarter of 2022, and $63.6 million and $1.07 in the first quarter of 2023.

First Merchants Corporation Announces Second Quarter 2023 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.

First Merchants (FRME) Reports Next Week: Wall Street Expects Earnings Growth

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 2023 earnings conference call and webcast at 11:30 a.m. (ET) on Tuesday, July 25, 2023.

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