First Merchants Company Profile (NASDAQ:FRME)

About First Merchants (NASDAQ:FRME)

First Merchants logoFirst Merchants Corporation is a financial holding company. The Company has a bank charter, First Merchants Bank (the Bank), which is opened for business in Muncie, Indiana. It operates through community banking business segment. The Bank also operates Lafayette Bank and Trust, and First Merchants Private Wealth Advisors (each as a division of First Merchants Bank). As of July 17, 2017, the Bank included 122 banking centers in Indiana, Illinois and Ohio counties. In addition to its branch network, the Company's delivery channels include automated teller machines, check cards and Internet technology. Through the Bank, it offers a range of financial services, including accepting time deposits, savings and demand deposits; making consumer, commercial and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services, and providing other corporate services, letters of credit and repurchase agreements.

Industry, Sector and Symbol:
  • Sector: Financials
  • Industry: Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:FRME
  • CUSIP: 32081710
  • Web:
  • Market Cap: $2.11123 billion
  • Outstanding Shares: 49,121,000
Average Prices:
  • 50 Day Moving Avg: $41.43
  • 200 Day Moving Avg: $40.46
  • 52 Week Range: $25.84 - $44.36
  • Trailing P/E Ratio: 19.83
  • Foreward P/E Ratio: 16.70
  • P/E Growth: 2.68
Sales & Book Value:
  • Annual Revenue: $296.2 million
  • Price / Sales: 7.20
  • Book Value: $23.98 per share
  • Price / Book: 1.81
  • Annual Dividend: $0.72
  • Dividend Yield: 1.7%
  • Net Margins: 29.60%
  • Return on Equity: 9.86%
  • Return on Assets: 1.28%
  • Debt-to-Equity Ratio: 0.43%
  • Current Ratio: 0.92%
  • Quick Ratio: 0.92%
  • Average Volume: 250,662 shs.
  • Beta: 0.94
  • Short Ratio: 4.86

Frequently Asked Questions for First Merchants (NASDAQ:FRME)

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 declared a quarterly dividend on Monday, August 14th. Investors of record on Friday, September 1st will be given a dividend of $0.18 per share on Friday, September 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, August 30th. View First Merchants' Dividend History.

How were First Merchants' earnings last quarter?

First Merchants Co. (NASDAQ:FRME) posted its quarterly earnings data on Thursday, July, 27th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. The company earned $81.53 million during the quarter, compared to the consensus estimate of $78.75 million. First Merchants had a net margin of 29.60% and a return on equity of 9.86%. View First Merchants' Earnings History.

When will First Merchants make its next earnings announcement?

First Merchants is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for First Merchants.

Where is First Merchants' stock going? Where will First Merchants' stock price be in 2017?

2 brokerages have issued 1-year price targets for First Merchants' stock. Their predictions range from $44.00 to $46.00. On average, they anticipate First Merchants' share price to reach $45.00 in the next year. View Analyst Ratings for First Merchants.

Who are some of First Merchants' key competitors?

Who are First Merchants' key executives?

First Merchants' management team includes the folowing people:

  • Charles E. Schalliol, Independent Chairman of the Board
  • Michael C. Rechin, President, Chief Executive Officer, Director
  • Mark K. Hardwick, Chief Financial Officer, Chief Operating Officer, Executive Vice President
  • Michele Kawiecki, Finance Director, Senior Vice President
  • John J. Martin, Executive Vice President, Chief Credit Officer
  • Michael J. Stewart, Executive Vice President, Chief Banking Officer
  • Stephan H. Fluhler, Senior Vice President, Chief Information Officer
  • Jeffrey B. Lorentson, Chief Risk Officer, Senior Vice President
  • Michael J. Fisher, Director
  • Michael R. Becher, Independent Director

Who owns First Merchants stock?

First Merchants' stock is owned by many different of retail and institutional investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.43%), Park National Corp OH (0.32%), Mutual of America Capital Management LLC (0.21%), Shell Asset Management Co. (0.19%), Fisher Asset Management LLC (0.15%) and Monarch Capital Management Inc. (0.02%). Company insiders that own First Merchants stock include Charles E Schalliol, Gary Lehman, Jeffrey B Lorentson, John Martin, Mark K Hardwick, Michael C Rechin, Michael J Stewart, Michael R Becher, Patrick A Sherman, Roderick English, Stephan Fluhler, Terry L Walker and William L Hoy. View Institutional Ownership Trends for First Merchants.

Who bought First Merchants stock? Who is buying First Merchants stock?

First Merchants' stock was bought by a variety of institutional investors in the last quarter, including Park National Corp OH, Shell Asset Management Co., Robeco Institutional Asset Management B.V., Mutual of America Capital Management LLC, Monarch Capital Management Inc., Fisher Asset Management LLC and Meeder Asset Management Inc.. Company insiders that have bought First Merchants stock in the last two years include Charles E Schalliol, Gary Lehman, Jeffrey B Lorentson, Michael J Stewart, Michael R Becher and Patrick A Sherman. View Insider Buying and Selling for First Merchants.

How do I buy First Merchants stock?

Shares of First Merchants can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is First Merchants' stock price today?

One share of First Merchants stock can currently be purchased for approximately $43.42.

MarketBeat Community Rating for First Merchants (NASDAQ FRME)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  112 (Vote Outperform)
Underperform Votes:  133 (Vote Underperform)
Total Votes:  245
MarketBeat's community ratings are surveys of what our community members think about First Merchants and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for First Merchants (NASDAQ:FRME) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $45.00 (3.64% upside)
Consensus Price Target History for First Merchants (NASDAQ:FRME)
Price Target History for First Merchants (NASDAQ:FRME)
Analysts' Ratings History for First Merchants (NASDAQ:FRME)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/6/2017Piper Jaffray CompaniesReiterated RatingNeutral -> Neutral$46.00N/AView Rating Details
4/5/2017Keefe, Bruyette & WoodsReiterated RatingBuy$44.00MediumView Rating Details
9/28/2016DA DavidsonBoost Price TargetBuy$29.00 -> $30.00N/AView Rating Details
1/29/2016StephensUpgradeEqual Weight -> OverweightN/AView Rating Details
12/16/2015SunTrust Banks, Inc.Initiated CoverageNeutral$27.00N/AView Rating Details
(Data available from 10/21/2015 forward)


Earnings History for First Merchants (NASDAQ:FRME)
Earnings by Quarter for First Merchants (NASDAQ:FRME)
Earnings History by Quarter for First Merchants (NASDAQ FRME)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2017$0.57N/AView Earnings Details
7/27/2017Q2 2017$0.55$0.57$78.75 million$81.53 millionViewN/AView Earnings Details
4/27/2017Q1 2017$0.52$0.56$76.65 million$75.85 millionViewN/AView Earnings Details
1/26/2017Q416$0.50$0.55$75.35 million$74.49 millionViewN/AView Earnings Details
10/25/2016Q316$0.49$0.51$74.50 million$74.54 millionViewListenView Earnings Details
7/26/2016Q216$0.46$0.49$73.90 million$72.35 millionViewListenView Earnings Details
4/26/2016Q116$0.41$0.43$71.15 million$70.78 millionViewListenView Earnings Details
1/28/2016Q415$0.44$0.37$67.40 million$64.84 millionViewListenView Earnings Details
10/22/2015Q315$0.44$0.45$66.80 million$67.22 millionViewListenView Earnings Details
7/23/2015Q215$0.45$0.47$64.31 million$73.66 millionViewListenView Earnings Details
4/23/2015Q115$0.42$0.43$64.14 million$63.20 millionViewN/AView Earnings Details
1/27/2015Q414$0.41$0.41$65.00 million$65.70 millionViewN/AView Earnings Details
10/23/2014Q3$0.43$0.45$62.23 million$66.16 millionViewListenView Earnings Details
7/24/2014Q214$0.41$0.41$62.20 million$62.05 millionViewN/AView Earnings Details
4/24/2014Q114$0.39$0.38$61.09 million$61.08 millionViewN/AView Earnings Details
1/28/2014Q413$0.33$0.34ViewN/AView Earnings Details
10/24/2013Q313$0.35$0.35$50.76 millionViewN/AView Earnings Details
7/25/2013Q2 2013$0.32$0.34ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for First Merchants (NASDAQ:FRME)
2017 EPS Consensus Estimate: $2.14
2018 EPS Consensus Estimate: $2.48
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.48$0.52$0.50
Q2 20173$0.50$0.55$0.53
Q3 20174$0.52$0.56$0.54
Q4 20173$0.55$0.59$0.57
Q1 20182$0.55$0.59$0.57
Q2 20182$0.56$0.62$0.59
Q3 20182$0.58$0.67$0.63
Q4 20181$0.69$0.69$0.69
(Data provided by Zacks Investment Research)


Current Dividend Information for First Merchants (NASDAQ:FRME)
Most Recent Dividend:9/15/2017
Annual Dividend:$0.72
Dividend Yield:1.66%
Payout Ratio:32.88% (Trailing 12 Months of Earnings)
31.17% (Based on This Year's Estimates)
27.69% (Based on Next Year's Estimates)
Dividend Payments by Quarter for First Merchants (NASDAQ:FRME)

Dividend History by Quarter for First Merchants (NASDAQ FRME)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for First Merchants (NASDAQ:FRME)
Insider Ownership Percentage: 1.41%
Institutional Ownership Percentage: 67.35%
Insider Trades by Quarter for First Merchants (NASDAQ:FRME)
Institutional Ownership by Quarter for First Merchants (NASDAQ:FRME)
Insider Trades by Quarter for First Merchants (NASDAQ:FRME)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/2/2017Patrick A ShermanDirectorBuy12$42.72$512.64View SEC Filing  
9/1/2017Gary LehmanDirectorBuy42$39.28$1,649.76View SEC Filing  
8/9/2017Mark K HardwickInsiderSell1,851$39.69$73,466.19View SEC Filing  
8/1/2017Patrick A. ShermanDirectorBuy12$40.14$481.68View SEC Filing  
7/3/2017Patrick A ShermanDirectorBuy12$40.44$485.28View SEC Filing  
6/14/2017Terry L. WalkerDirectorSell1,221$42.30$51,648.30View SEC Filing  
6/1/2017Gary LehmanDirectorBuy41$40.23$1,649.43View SEC Filing  
5/1/2017Gary LehmanDirectorBuy40$41.89$1,675.60View SEC Filing  
4/3/2017Patrick A ShermanDirectorBuy13$38.96$506.48View SEC Filing  
3/21/2017Stephan FluhlerInsiderSell1,800$38.60$69,480.00View SEC Filing  
3/13/2017William L HoyDirectorSell5,657$39.92$225,827.44View SEC Filing  
3/1/2017Patrick A. ShermanDirectorBuy12$41.08$492.96View SEC Filing  
2/1/2017Gary LehmanDirectorBuy6,880$16.23$111,662.40View SEC Filing  
1/3/2017Gary LehmanDirectorBuy44$37.72$1,659.68View SEC Filing  
12/30/2016Patrick A ShermanDirectorBuy13$37.72$490.36View SEC Filing  
12/16/2016Michael J. StewartInsiderSell5,000$36.59$182,950.00View SEC Filing  
12/5/2016John MartinInsiderSell2,565$35.37$90,724.05View SEC Filing  
12/1/2016Gary LehmanDirectorBuy49$34.33$1,682.17View SEC Filing  
11/29/2016Michael C RechinPresidentSell12,713$34.14$434,021.82View SEC Filing  
11/18/2016Mark K. HardwickInsiderSell7,700$33.14$255,178.00View SEC Filing  
11/1/2016Gary LehmanDirectorBuy59$28.25$1,666.75View SEC Filing  
10/3/2016Gary LehmanDirectorBuy63$26.62$1,677.06View SEC Filing  
9/1/2016Gary LehmanDirectorBuy61$27.15$1,656.15View SEC Filing  
8/25/2016Michael J. StewartInsiderSell3,500$27.24$95,340.00View SEC Filing  
8/18/2016John MartinInsiderSell5,000$26.92$134,600.00View SEC Filing  
8/1/2016Gary LehmanDirectorBuy64$26.17$1,674.88View SEC Filing  
6/1/2016Patrick A ShermanDirectorBuy19$25.95$493.05View SEC Filing  
5/13/2016Roderick EnglishDirectorSell2,500$24.90$62,250.00View SEC Filing  
5/2/2016Gary LehmanDirectorBuy65$25.64$1,666.60View SEC Filing  
4/1/2016Gary LehmanDirectorBuy71$23.38$1,659.98View SEC Filing  
4/1/2016Jeffrey B LorentsonSVPBuy15$20.04$300.60View SEC Filing  
4/1/2016Michael J StewartEVPBuy45$20.04$901.80View SEC Filing  
3/23/2016Roderick EnglishDirectorSell1,500$23.29$34,935.00View SEC Filing  
3/1/2016Patrick A. ShermanDirectorBuy22$22.34$491.48View SEC Filing  
2/5/2016Charles E. SchalliolDirectorBuy1,000$22.52$22,520.00View SEC Filing  
2/1/2016Gary LehmanDirectorBuy75$22.26$1,669.50View SEC Filing  
12/31/2015Michael J StewartEVPBuy47$22.38$1,051.86View SEC Filing  
12/14/2015Michael R BecherDirectorBuy150$25.36$3,804.00View SEC Filing  
3/23/2015Kimberly J EllingtonSVPSell1,600$23.62$37,792.00View SEC Filing  
2/27/2015Roderick EnglishDirectorSell3,000$22.73$68,190.00View SEC Filing  
11/13/2014Terry L WalkerDirectorBuy1,000$22.23$22,230.00View SEC Filing  
9/18/2014Charles E SchalliolDirectorBuy1,000$20.22$20,220.00View SEC Filing  
4/29/2014Roderick EnglishDirectorSell4,500$21.31$95,895.00View SEC Filing  
3/13/2014William HoyDirectorSell2,473$21.94$54,257.62View SEC Filing  
12/9/2013Terry WalkerDirectorSell6,125$21.38$130,952.50View SEC Filing  
12/3/2013John MartinSVPSell5,981$20.55$122,909.55View SEC Filing  
9/20/2013Mark HardwickEVPSell2,332$17.24$40,203.68View SEC Filing  
6/21/2013Roderick EnglishDirectorSell2,000$16.79$33,580.00View SEC Filing  
6/20/2013Michael J StewartEVPSell12,300$17.00$209,100.00View SEC Filing  
2/25/2013John MartinSVPSell1,099$14.81$16,276.19View SEC Filing  
2/25/2013Mark K HardwickEVPSell3,280$14.81$48,576.80View SEC Filing  
2/25/2013Michael C RechinPresidentSell4,725$14.81$69,977.25View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for First Merchants (NASDAQ:FRME)
Latest Headlines for First Merchants (NASDAQ:FRME)
DateHeadline logo$97.45 Million in Sales Expected for First Merchants Co. (FRME) This Quarter - October 21 at 12:52 PM logoFirst Merchants Corporation (FRME) Expected to Post Earnings of $0.55 Per Share - October 19 at 4:06 AM logoFirst Merchants Corporation (FRME) to Release Earnings on Thursday - October 19 at 3:18 AM logoETFs with exposure to First Merchants Corp. (Indiana) : October 16, 2017 - October 16 at 7:09 PM logoFirst Merchants Corporation (FRME) Earns "Neutral" Rating from Piper Jaffray Companies - October 7 at 6:06 PM logoFirst Merchants Corporation to Report Third Quarter 2017 Financial Results, Host Conference Call and Web Cast - October 5 at 8:51 AM logoETFs with exposure to First Merchants Corp. (Indiana) : October 4, 2017 - October 4 at 5:42 PM logoFirst Merchants Corp. (Indiana) :FRME-US: Earnings Analysis: Q2, 2017 By the Numbers : October 3, 2017 - October 4 at 10:19 AM logoFirst Merchants Earns Relative Strength Rating Upgrade; Hits Key Benchmark - October 2 at 2:26 PM logoFirst Merchants Corporation (FRME) Expected to Announce Quarterly Sales of $97.45 Million - October 2 at 9:05 AM logoFirst Merchants Corp. (Indiana) : FRME-US: Dividend Analysis : September 01st, 2017 (record date) : By the numbers : September 22, 2017 - September 22 at 5:48 PM logoFirst Merchants Corporation (FRME) Given Average Recommendation of "Buy" by Brokerages - September 22 at 2:34 AM logoFirst Merchants Corp. (Indiana) breached its 50 day moving average in a Bullish Manner : FRME-US : September 19, 2017 - September 19 at 6:51 PM logoIs First Merchants Corporation (FRME) Undervalued? - September 15 at 7:27 PM logo$97.45 Million in Sales Expected for First Merchants Corporation (FRME) This Quarter - September 13 at 8:04 AM logo$0.55 Earnings Per Share Expected for First Merchants Corporation (FRME) This Quarter - September 11 at 2:16 PM logoFirst Merchants Corporation (FRME) Given Average Rating of "Buy" by Brokerages - August 28 at 2:36 AM logo4 Factors That Make First Merchant (FRME) a Solid Pick Now - August 17 at 8:06 PM logoFirst Merchants Corporation (FRME) & Washington Federal (WFSL) Head-To-Head Review - August 17 at 12:14 AM logoFirst Merchants Corp. (Indiana) – Value Analysis (NASDAQ:FRME) : August 15, 2017 - August 15 at 7:26 PM logoFirst Merchants Corporation (FRME) Plans Quarterly Dividend of $0.18 - August 14 at 6:08 PM logoFirst Merchants Corporation (NASDAQ:FRME) Short Interest Update - August 13 at 2:20 AM logoFirst Merchants Corporation (FRME) Insider Mark K. Hardwick Sells 1,851 Shares - August 11 at 8:56 PM logoSee what the IHS Markit Score report has to say about First Merchants Corp. - August 10 at 8:07 PM logo4 Reasons to Buy Commerce Bancshares (CBSH) Stock Right Now - August 7 at 3:56 PM logoFirst Merchants Corporation (NASDAQ:FRME) Expected to Post Quarterly Sales of $97.45 Million - August 7 at 8:56 AM logo$0.55 Earnings Per Share Expected for First Merchants Corporation (NASDAQ:FRME) This Quarter - August 5 at 4:16 PM logoFIG Partners Comments on First Merchants Corporation's FY2017 Earnings (NASDAQ:FRME) - August 2 at 10:38 AM logoFirst Merchants Corp. (Indiana) breached its 50 day moving average in a Bullish Manner : FRME-US : August 1, 2017 - August 1 at 7:24 PM logoResearch Analysts Offer Predictions for First Merchants Corporation's Q3 2018 Earnings (NASDAQ:FRME) - August 1 at 2:24 PM logoFY2017 EPS Estimates for First Merchants Corporation (NASDAQ:FRME) Lifted by DA Davidson - July 31 at 8:31 AM logoFirst Merchants Corporation (NASDAQ:FRME) Announces Quarterly Earnings Results - July 28 at 11:32 PM logoEdited Transcript of FRME earnings conference call or presentation 27-Jul-17 6:30pm GMT - July 28 at 5:29 AM logoFirst Merchants' (FRME) CEO Michael Rechin on Q2 2017 Results - Earnings Call Transcript - July 28 at 12:25 AM logoFirst Merchants Corporation Announces Record Second Quarter 2017 Results and Franchise Additions - July 27 at 7:23 PM logoFirst Merchants posts 2Q profit - July 27 at 7:23 PM logoFirst Merchants Corporation Completes its Merger with Independent Alliance Banks, Inc. - July 17 at 10:36 AM logo$78.75 Million in Sales Expected for First Merchants Corporation (NASDAQ:FRME) This Quarter - July 16 at 8:44 AM logo Analysts Expect First Merchants Corporation (FRME) Will Post Earnings of $0.55 Per Share - July 14 at 12:26 PM logoFirst Merchants Corporation to Report Second Quarter 2017 Financial Results, Host Conference Call and Web Cast - July 6 at 8:06 PM logoFirst Merchants Corp. (Indiana) breached its 50 day moving average in a Bullish Manner : FRME-US : July 4, 2017 - July 5 at 7:22 AM logoFIRST MERCHANTS CORP Files SEC form 10-K, Annual Report - March 1 at 12:26 PM logoFIRST MERCHANTS CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits - February 28 at 8:42 AM logoFirst Merchants Corp (FRME) Declares $0.15 Quarterly Dividend; 1.5% Yield - February 10 at 10:53 PM logoFIRST MERCHANTS CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits - February 10 at 5:52 PM logoFirst Merchants' (FRME) CEO Mike Rechin on Q4 2016 Results - Earnings Call Transcript - January 28 at 5:27 PM logoArlington Bank CEO leaving after merger, other personnel decisions pending - January 27 at 1:33 AM logoQ4 2016 First Merchants Corp Earnings Release - Time Not Supplied - January 26 at 8:30 PM logoFIRST MERCHANTS CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi - January 26 at 8:30 PM logoFirst Merchants Corporation and the Arlington Bank Announce the Signing of a Definitive Merger Agreement - January 26 at 4:52 AM



First Merchants (FRME) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by Staff

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