About First Merchants (NASDAQ:FRME)
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as rents safe deposit facilities. The company also provides personal and corporate trust, full-service brokerage, corporate, letters of credit, and repurchase agreements services. It operates 119 banking locations in 31 Indiana, 2 Illinois, and 2 Ohio counties. The company's delivery channels include ATMs, check cards, remote deposit capture, interactive voice response systems, and Internet technology. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
Industry, Sector and Symbol
Industry National commercial banks
Trailing P/E Ratio19.45
Forward P/E Ratio15.32
Sales & Book Value
Annual Sales$385.90 million
Price / Sales6.02
Cash Flow$2.3809 per share
Price / Cash19.69
Book Value$26.51 per share
Price / Book1.77
EPS (Most Recent Fiscal Year)$2.41
Net Income$96.07 million
Return on Equity9.82%
Return on Assets1.36%
First Merchants (NASDAQ:FRME) Frequently Asked Questions
What is First Merchants' stock symbol?
First Merchants trades on the NASDAQ under the ticker symbol "FRME."
How often does First Merchants pay dividends? What is the dividend yield for First Merchants?
First Merchants announced a quarterly dividend on Thursday, May 10th. Investors of record on Friday, June 1st will be paid a dividend of $0.22 per share on Friday, June 15th. This represents a $0.88 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, May 31st. This is an increase from First Merchants's previous quarterly dividend of $0.18. View First Merchants' Dividend History.
How were First Merchants' earnings last quarter?
First Merchants Co. (NASDAQ:FRME) posted its quarterly earnings results on Thursday, April, 26th. The bank reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.04. The bank earned $99.48 million during the quarter, compared to analyst estimates of $98.35 million. First Merchants had a return on equity of 9.82% and a net margin of 26.33%. View First Merchants' Earnings History.
When is First Merchants' next earnings date?
What price target have analysts set for FRME?
2 Wall Street analysts have issued 1-year price objectives for First Merchants' shares. Their forecasts range from $48.00 to $52.00. On average, they expect First Merchants' share price to reach $50.00 in the next twelve months. View Analyst Ratings for First Merchants.
Who are some of First Merchants' key competitors?
Some companies that are related to First Merchants include Cullen/Frost Bankers (CFR), PacWest Bancorp (PACW), BOK Financial (BOKF), Synovus Financial (SNV), CIT Group (CIT), Akbank T.A.S. (AKBTY), First Horizon National (FHN), Webster Bank (WBS), Sterling Bancorp (STL), Pinnacle Financial Partners (PNFP), F.N.B. (FNB), TCF Financial (TCF), Valley National Bancorp (VLY), MB Financial (MBFI) and UMB Financial (UMBF).
Who are First Merchants' key executives?
First Merchants' management team includes the folowing people:
- Mr. Michael C. Rechin, Pres, CEO & Director (Age 59)
- Mr. Mark K. Hardwick, Exec. VP, CFO & COO (Age 47)
- Mr. Stephan H. Fluhler, Sr. VP & Chief Information Officer (Age 49)
- Mr. Michael J. Stewart, Exec. VP & Chief Banking Officer (Age 52)
- Ms. Nicole Weaver, Investor Relation
Has First Merchants been receiving favorable news coverage?
News articles about FRME stock have trended positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Merchants earned a daily sentiment score of 0.45 on Accern's scale. They also gave headlines about the bank an impact score of 43.64 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are First Merchants' major shareholders?
First Merchants' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.85%), BlackRock Inc. (5.83%), Vaughan Nelson Investment Management L.P. (3.66%), Cardinal Capital Management LLC CT (2.57%), The Manufacturers Life Insurance Company (2.07%) and Northern Trust Corp (2.00%). Company insiders that own First Merchants stock include Gary Lehman, John Martin, Mark K Hardwick, Michael C Marhenke, Michael C Rechin, Michael J Stewart, Michele Kawiecki, Patrick A Sherman, Stephan Fluhler, Terry L Walker and William L Hoy. View Institutional Ownership Trends for First Merchants.
Which institutional investors are selling First Merchants stock?
FRME stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Hsbc Holdings PLC, Lord Abbett & CO. LLC, Vaughan Nelson Investment Management L.P., JPMorgan Chase & Co., Federated Investors Inc. PA, Comerica Bank and BNP Paribas Arbitrage SA. Company insiders that have sold First Merchants company stock in the last year include Mark K Hardwick, Michael C Rechin, Michael J Stewart and Michele Kawiecki. View Insider Buying and Selling for First Merchants.
Which institutional investors are buying First Merchants stock?
FRME stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Cardinal Capital Management LLC CT, Boston Partners, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Maltese Capital Management LLC, WINTON GROUP Ltd and Algert Global LLC. Company insiders that have bought First Merchants stock in the last two years include Gary Lehman, Michael C Marhenke, Patrick A Sherman and Terry L Walker. View Insider Buying and Selling for First Merchants.
How do I buy shares of First Merchants?
Shares of FRME can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First Merchants' stock price today?
One share of FRME stock can currently be purchased for approximately $46.88.
How big of a company is First Merchants?
First Merchants has a market capitalization of $2.32 billion and generates $385.90 million in revenue each year. The bank earns $96.07 million in net income (profit) each year or $2.41 on an earnings per share basis. First Merchants employs 1,684 workers across the globe.
How can I contact First Merchants?
First Merchants' mailing address is 200 EAST JACKSON STREET, MUNCIE IN, 47305. The bank can be reached via phone at 765-747-1500 or via email at [email protected]
MarketBeat Community Rating for First Merchants (FRME)MarketBeat's community ratings are surveys of what our community members think about First Merchants and other stocks. Vote "Outperform" if you believe FRME will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FRME will underperform the S&P 500 over the long term. You may vote once every thirty days.